MyMoneyFish is a home-based business option which recently launched on February 3, 2010. I wanted to endow you with my truthful review of the business, if you are thinking about joining, in order that you can make a knowledgeable decision. I will divide my review down into 3 sections: Products, Cost and Compensation, Summary.
THE PRODUCTS: With My Money Fish, you have access to around 3,000 marketing productivity tools - software and e-books - in your back office. Each product is digital and may be downloaded to your laptop. Moreover, a nice aspect is that all these products come with Master Resell Rights that can provide you with an extra earning stream. A few products incorporate an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are several programs which provide junk digital downloads, I think that MyMoneyFish separates themselves and actually offers value possibly due to the volume provided. Numerous products are really good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from several other identical home based business opportunities on the net. The cost is just $9.95 per month...quite cheap. Normally these types of programs, in my point of view, are not worth the effort since I suppose that you get what you pay for. The matrix makes this program unique and more profitable than the others if you work the business. It's a 10×4 matrix. You have to employ 10 individuals into your team so as to be qualified to earn commissions. Once you do, you are eligible for life. Anybody you hire above the required 10 will spill down to help fill up the matrices of your team. I never suggest that anyone depend on spillover, but it is an extremely real possibility. The matrix is just 4 levels deep which, in my book, permits you to have greater control of your income. 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 a lot but it really can add up fast!
SUMMARY: The program is reasonably priced thus it has mass-appeal. In my point of view, it is worth the low-cost and can either be used as a secondary program to promote to your prospects who are on a budget or as a primary program to offer you with a residual income that could raise over time. You will need to market yourself and your website so as to build your team. Only if you do this, MyMoneyFish could be a profitable business for you. As with any residual income program, you cannot really stop advertising as individuals will leave the business. Work with your team closely to limit your attrition rate.
Thus, to conclude, I think that MyMoneyFish is not a scam but a legal home-based business that I know is paying out commissions on-time. The products are helpful and could be resold for added income. The website is clean and easy to navigate, there are plenty of promotional tools and advertising ideas in the back office. The matrix is very easy and potentially productive. Just keep in mind that marketing your business is always the way to success in network advertising, regardless of what business you are in.
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