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A Truthful Review Of The MyMoneyFish Home Based Business Option
MyMoneyFish is a home-based business option that lately started on February 3, 2010. I wanted to endow you with my honest review of the business, if you are investigating joining, in order that you could make a clued-up 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 more than 3,000 marketing productivity tools - software and e-books - in your back office. All of the products are digital and could be downloaded to your PC. Also, an excellent aspect is that all of these products come with Master Resell Rights which could provide you with an extra income stream. A few products include an Autoresponder, website creation software, splash page software, several educational e-books, and more. While there are numerous programs that provide junk digital downloads, I think that MyMoneyFish separates themselves and actually provides value possibly due to the volume offered. Numerous products are very good.
COST & COMPENSATION: This is where MyMoneyFish separates themselves from numerous other identical home based business opportunities on the net. The cost is only $9.95 per month...extremely cheap. Generally these types of programs, in my point of view, are not worth the effort since 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 have to hire 10 individuals into your team in order to be qualified to earn commissions. Once you do, you are eligible for life. Anybody you recruit above the required 10 will spill down to assist fill the matrices of your team. I never recommend that anyone rely on spillover, but it is a very real possibility. The matrix is only 4 levels deep which, in my book, allows 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 rapidly!
SUMMARY: The program is inexpensive so 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 site in order to build your team. Only if you do this, MyMoneyFish can be a profitable business for you. As with any residual income program, you cannot really stop promoting because individuals will leave the business. Work with your team closely to limit your attrition cost.
Therefore, in conclusion, I feel 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 could be resold for added income. The site is clean and easy to navigate, there are various promotional tools and marketing ideas in the back office. The matrix is very easy and potentially lucrative. Just remember that marketing your business is always the way to success in network advertising, no matter what business you are in.
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