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A Great Home Based Business Alternative- MyMoneyFish
MyMoneyFish is a home-based business opportunity which recently launched on February 3, 2010. I wanted to provide you with my honest review of the business, if you are thinking about 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 over 3,000 advertising productivity equipments - software and e-books - in your back office. Each product is digital and could be downloaded to your computer. Also, a good aspect is that all these products come with Master Resell Rights which can provide you with an additional income stream. Some of the products incorporate 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 indeed offers value possibly due to the volume provided. Many of the products are extremely good.
COST & COMPENSATION: This is where MyMoneyFish separates themselves from numerous other identical home based business options on the internet. The cost is only $9.95 per month...extremely cheap. Generally these types of programs, in my opinion, are not worth the effort since I think that you get what you pay for. The matrix makes this program unique and more money making than the others if you work the business. It's a 10×4 matrix. You need to recruit 10 individuals into your team so as to be entitled to earn commissions. Once you do, you are qualified for life. Anyone you recruit more than the required 10 will spill down to help fill the matrices of your team. I never advise that anyone rely on spillover, but it is a very real possibility. The matrix is only 4 levels deep which, in my book, permits you to have greater control of your earnings. 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 great number but it really can add up rapidly!
SUMMARY: The program is inexpensive so 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 may increase over time. You will have to promote yourself and your site 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 promoting because people will leave the business. Work with your team personally to limit your attrition rate.
Therefore, to conclude, 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 could 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 easy and potentially profitable. Just keep in mind that promoting your business is always the way to success in network marketing, regardless of what business you are in.
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