An Excellent Home Based Business Option- MyMoneyFish
MyMoneyFish is a home-based business opportunity that lately launched on February 3, 2010. I wanted to provide you with my truthful review of the business, if you are thinking about 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 more than 3,000 advertising productivity equipments - software and e-books - in your back office. All of the products are digital and could be downloaded to your computer. Also, a nice aspect is that all of these products come with Master Resell Rights which may offer you with an additional earning stream. Some of the products consist of an Autoresponder, website creation software, splash page software, several educational e-books, and more. While there are several programs which provide junk digital downloads, I think that MyMoneyFish separates themselves and indeed offers value possibly because of the volume offered. Many of the products are very good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from numerous other identical home based business options on the internet. The cost is only $9.95 per month...quite inexpensive. Normally these kinds of programs, in my opinion, are not worth the effort as I think that you get what you pay for. The matrix makes this program special and more profitable than the others if you work the business. It's a 10×4 matrix. You need to hire 10 individuals into your team so as to be eligible to earn commissions. Once you do, you are qualified for life. Anybody you hire more than the required 10 will spill down to help fill up the matrices of your team. I never advise that anyone rely on spillover, but it is an extremely real possibility. 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 a lot but it really can add up fast!
SUMMARY: The program is reasonably priced hence it has mass-appeal. In my opinion, 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 provide you with a residual income that can increase over time. You will have to advertise yourself and your website so as to build your team. As long as you do this, MyMoneyFish could be a profitable business for you. As with any residual income program, you cannot really stop advertising because individuals will leave the business. Work with your team personally to limit your attrition cost.
Therefore, in conclusion, 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 useful and can be resold for added income. The website is clean and simple to navigate, there are plenty of promotional tools and marketing ideas in the back office. The matrix is very easy and potentially profitable. Just remember that marketing your business is always the key to success in network marketing, regardless of what business you are in.