General Weblog

MyMoneyFish is a home-based business option which recently began on February 3, 2010. I wanted to provide you with my truthful review of the business, if you are thinking about joining, so that you could make a clued-up decision. I will divide 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. All of the products are digital and may be downloaded to your computer. Moreover, an excellent aspect is that all of these products come with Master Resell Rights which can provide you with an additional earning stream. A few products include 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 provides value possibly because of the volume provided. Numerous products are very good.

COST & COMPENSATION: This is where MyMoneyFish separates themselves from several other identical home based business options on the internet. The cost is just $9.95 per month...extremely cheap. Normally 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. Anybody you employ above the required 10 will spill down to help fill up 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, 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 great number 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 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 could raise over time. You will have to advertise yourself and your site in order to build your team. As long as you do this, MyMoneyFish could be a profitable business for you. As with any residual income program, you cannot really stop promoting since individuals will leave the business. Work with your team closely to limit your attrition cost.

So, to conclude, I feel that MyMoneyFish is not a scam but a legal home-based business that I know is paying out commissions on-time. The products are helpful and could be resold for added income. The website is clean and easy to navigate, there are various promotional tools and marketing ideas in the back office. The matrix is very easy and potentially profitable. Just keep in mind that advertising your business is always the way to success in network marketing, regardless of what business you are in.