Know How Helpful Is MyMoneyFish
MyMoneyFish is a home-based business opportunity that recently started on February 3, 2010. I wanted to provide you with my truthful review of the business, if you are investigating 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 more than 3,000 advertising productivity tools - software and e-books - in your back office. All of the products are digital and may be downloaded to your laptop. Also, an excellent feature is that all these products come with Master Resell Rights which could offer you with an extra income stream. Some of the products include an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are many programs which provide junk digital downloads, I think that MyMoneyFish separates themselves and indeed offers value probably due to the volume offered. Several products are extremely good.
COST & COMPENSATION: This is where MyMoneyFish separates themselves from many of the other identical home based business opportunities on the internet. The cost is just $9.95 per month...quite cheap. Usually 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 gainful than the others if you work the business. It's a 10×4 matrix. You need 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 hire more than the required 10 will spill down to facilitate fill up the matrices of your team. I never suggest 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 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 great number but it really can add up fast!
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 need to advertise 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 marketing because individuals will leave the business. Work with your team personally to limit your attrition cost.
Therefore, in conclusion, 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 can be resold for added income. The site is clean and simple to navigate, there are several promotional tools and advertising ideas in the back office. The matrix is very simple and potentially profitable. Just keep in mind that marketing your business is always the key to success in network marketing, regardless of what business you are in.