MyMoneyFish is a home-based business option that recently started on February 3, 2010. I wanted to endow you with my honest review of the business, if you are considering joining, so that you may 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 over 3,000 marketing productivity tools - software and e-books - in your back office. Each product is digital and can be downloaded to your PC. Also, a good aspect is that all these products come with Master Resell Rights which can 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 several programs which offer junk digital downloads, I think that MyMoneyFish separates themselves and actually offers value possibly because of the volume provided. Many of the products are very good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from numerous other similar looking home based business opportunities on the net. The cost is just $9.95 per month...extremely cheap. Generally these types of programs, in my point of view, are not worth the effort as 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 recruit 10 individuals into your team in order to be eligible to earn commissions. Once you do, you are eligible for life. Anybody you recruit above the required 10 will spill down to assist fill up the matrices of your team. I never recommend that anyone depend on spillover, but it is a very real possibility. The matrix is just 4 levels deep which, in my book, permits 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 fast!
SUMMARY: The program is inexpensive 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 offer you with a residual income that may grow over time. You will need to advertise yourself and your website in order to build your team. Only if you do this, MyMoneyFish can be a gainful business for you. As with any residual income program, you cannot really stop advertising since people will leave the business. Work with your team closely to limit your attrition rate.
Thus, in conclusion, I believe that MyMoneyFish is not a scam but a legitimate home-based business that I know is paying out commissions on-time. The products are helpful and could 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 simple and potentially profitable. Just remember that advertising your business is always the way to success in network advertising, no matter what business you are in.
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