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Know How Beneficial Is MyMoneyFish
MyMoneyFish is a home-based business opportunity which newly launched on February 3, 2010. I wanted to provide you with my honest review of the business, if you are considering joining, so 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 around 3,000 advertising productivity tools - software and e-books - in your back office. All of the products are digital and can be downloaded to your PC. Also, a good aspect is that all of these products come with Master Resell Rights that may provide you with an additional income stream. A few products include an Autoresponder, website creation software, splash page software, several educational e-books, and more. While there are numerous programs that provide junk digital downloads, I think that MyMoneyFish separates themselves and in fact offers value probably because of the volume provided. Many of the products are very good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from several other identical home based business options on the net. The cost is only $9.95 per month...extremely cheap. Generally these kinds 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 exceptional and more profitable than the others if you work the business. It's a 10×4 matrix. You need to recruit 10 individuals into your team in order to be eligible to earn commissions. Once you do, you are eligible for life. Anyone you hire more than the required 10 will spill down to help fill the matrices of your team. I never recommend that anyone depend on spillover, but it is a very real opportunity. The matrix is merely 4 levels deep which, in my book, allows you to have greater control of your income. Your commissions are residual at $2 for every individual 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 inexpensive hence it has mass-appeal. In my opinion, 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 offer you with a residual income that could raise over time. You will have to market yourself and your site 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 promoting as individuals will leave the business. Work with your team personally to limit your attrition rate.
So, in conclusion, I believe that MyMoneyFish is not a scam but a legitimate home-based business that I understand is paying out commissions on-time. The products are beneficial and can be resold for added income. The website is clean and simple to navigate, there are plenty of promotional tools and marketing ideas in the back office. The matrix is very simple and potentially profitable. Just remember that advertising your business is always the solution to success in network marketing, regardless of what business you are in.
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