MyMoneyFish is a home-based business opportunity that recently started on February 3, 2010. I wanted to endow you with my truthful review of the business, if you are considering joining, so that you could make a knowledgeable decision. I will break my review down into 3 sections: Products, Cost and Compensation, Summary.
THE PRODUCTS: With My Money Fish, you have access to over 3,000 marketing productivity equipments - software and e-books - in your back office. Each product is digital and could be downloaded to your PC. Also, an excellent feature is that all of these products come with Master Resell Rights which can offer you with an extra earning stream. A few products include an Autoresponder, website creation software, splash page software, various educational e-books, and more. While there are several programs that offer junk digital downloads, I think that MyMoneyFish separates themselves and actually provides value possibly due to the volume provided. Many of the products are extremely good.
COST & COMPENSATION: This is where MyMoneyFish separates themselves from many of the other similar looking home based business opportunities on the internet. The cost is merely $9.95 per month...quite cheap. Generally these kinds of programs, in my opinion, are not worth the effort because I believe that you get what you pay for. The matrix makes this program unique and more gainful than the others if you work the business. It's a 10×4 matrix. You have to hire 10 individuals into your team in order to be entitled to earn commissions. Once you do, you are qualified for life. Anyone you recruit above the required 10 will spill down to assist fill up the matrices of your team. I never advise that anyone depend on spillover, but it is a very real opportunity. The matrix is just 4 levels deep which, in my book, allows you to have greater control of your earnings. Your commissions are residual at $2 for every person in your matrix, whether they are on your first level or your fourth level. This does not sound like large number but it really can add up rapidly!
SUMMARY: The program is low-priced hence it has mass-appeal. In my opinion, it is worth the low-cost and can either be utilized as a secondary program to promote to your prospects who are on a budget or as a primary program to provide you with a residual income that can grow over time. You will need to advertise yourself and your website so as to build your team. Only if you do this, MyMoneyFish can be a money making business for you. As with any residual income program, you cannot really stop advertising because people will leave the business. Work with your team closely to limit your attrition cost.
Therefore, to conclude, I believe that MyMoneyFish is not a scam but a legitimate home-based business that I understand is paying out commissions on-time. The products are helpful and can be resold for added income. The site is clean and easy to navigate, there are several promotional tools and advertising ideas in the back office. The matrix is very easy and potentially profitable. Just remember that promoting your business is always the way to success in network marketing, no matter what business you are in.
An Excellent Home Based Business Option- MyMoneyFish
In this article, Steve Hawk provides network marketers with his MyMoneyFish review. He summarizes the products, cost and compensation plan, and provides his conclusion on why MyMoneyFish is a legitimate network marketing business that can provide a residual income to anyone who puts in the effort to build their business.
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