MyMoneyFish is a home-based business opportunity that recently started on February 3, 2010. I wanted to endow you with my honest review of the business, if you are thinking about joining, in order that you may make a clued-up 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 over 3,000 marketing productivity equipments - software and e-books - in your back office. Each product is digital and can be downloaded to your laptop. Moreover, a good aspect is that all of these products come with Master Resell Rights which can offer you with an extra income stream. A few products incorporate an Autoresponder, website creation software, splash page software, several educational e-books, and more. While there are numerous programs that offer junk digital downloads, I think that MyMoneyFish separates themselves and actually provides value possibly because of the volume provided. Numerous products are very good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from many of the other similar looking home based business opportunities on the internet. The cost is merely $9.95 per month...extremely cheap. Normally these types of programs, in my point of view, are not worth the effort because 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 so as to be eligible to earn commissions. Once you do, you are eligible for life. Anyone 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 an extremely real possibility. The matrix is merely 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 large number but it really can add up rapidly!
SUMMARY: The program is inexpensive 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 can grow over time. You will need to advertise yourself and your website in order to build your team. Only if you do this, MyMoneyFish could be a gainful business for you. As with any residual income program, you cannot really stop promoting because people will leave the business. Work with your team closely 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 beneficial and can 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 productive. Just keep in mind that advertising your business is always the solution to success in network marketing, no matter what business you are in.
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