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A Truthful Review Of The MyMoneyFish Home Based Business
MyMoneyFish is a home-based business opportunity which recently launched on February 3, 2010. I wanted to endow you with my honest review of the business, if you are thinking about joining, so that you may make an informed 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 around 3,000 marketing productivity tools - software and e-books - in your back office. Each product is digital and can be downloaded to your laptop. Also, a good feature is that all of these products come with Master Resell Rights that 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 many programs that provide 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.
COST & COMPENSATION: This is where MyMoneyFish separates themselves from many of the other identical home based business opportunities on the net. The cost is just $9.95 per month...extremely cheap. Generally these types of programs, in my opinion, are not worth the effort because I suppose that you get what you pay for. The matrix makes this program unique and more profitable 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 qualified for life. Anyone you hire above the required 10 will spill down to help 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 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 fast!
SUMMARY: The program is inexpensive thus 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 raise over time. You will need to market 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 marketing because individuals will leave the business. Work with your team closely to limit your attrition rate.
Thus, in conclusion, I think that MyMoneyFish is not a scam but a legitimate home-based business that I know is paying out commissions on-time. The products are useful and can be resold for added income. The website is clean and easy to navigate, there are plenty of promotional tools and advertising ideas in the back office. The matrix is very simple and potentially productive. Just remember that advertising your business is always the key to success in network marketing, regardless of what business you are in.
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