MyMoneyFish is a home-based business opportunity that newly launched on February 3, 2010. I wanted to provide you with my truthful review of the business, if you are investigating joining, in order that you could make a knowledgeable 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 more than 3,000 marketing productivity tools - software and e-books - in your back office. All of the products are digital and may be downloaded to your computer. Moreover, an excellent feature is that all of these products come with Master Resell Rights which may provide you with an additional earning stream. Some of the products incorporate an Autoresponder, website creation software, splash page software, various educational e-books, and more. While there are several programs that offer junk digital downloads, I think that MyMoneyFish separates themselves and in fact offers value probably due to the volume offered. Numerous products are extremely good.
COST & COMPENSATION: This is where MyMoneyFish separates themselves from many of the other similar looking home based business opportunities on the net. The cost is only $9.95 per month...quite inexpensive. Normally these kinds of programs, in my opinion, are not worth the effort because I think that you get what you pay for. The matrix makes this program exceptional and more profitable than the others if you work the business. It's a 10×4 matrix. You need to employ 10 people into your team so as to be entitled to earn commissions. Once you do, you are qualified for life. Anyone you employ above the required 10 will spill down to help fill the matrices of your team. I never suggest that anyone rely on spillover, but it is an extremely real opportunity. The matrix is just 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 a lot but it really can add up quickly!
SUMMARY: The program is reasonably priced so it has mass-appeal. In my point of view, it is worth the low-cost and can either be utilized 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 market yourself and your site so as to build your team. As long as you do this, MyMoneyFish could be a money making business for you. As with any residual income program, you cannot really stop advertising because people will leave the business. Work with your team closely to limit your attrition rate.
So, to conclude, I feel that MyMoneyFish is not a scam but a legal home-based business that I understand is paying out commissions on-time. The products are helpful and can be resold for added income. The site is clean and easy to navigate, there are plenty of promotional tools and marketing ideas in the back office. The matrix is very easy and potentially lucrative. Just keep in mind that promoting your business is always the way to success in network marketing, no matter what business you are in.
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