MyMoneyFish is a home-based business option which newly launched on February 3, 2010. I wanted to endow you with my honest review of the business, if you are considering joining, so that you may 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 around 3,000 advertising productivity tools - software and e-books - in your back office. Each product is digital and can be downloaded to your PC. Also, a good aspect is that all these products come with Master Resell Rights that may 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 numerous programs which provide junk digital downloads, I think that MyMoneyFish separates themselves and in fact offers value possibly because of the volume provided. Many of the products are very good.
RATE & COMPENSATION: This is where MyMoneyFish separates themselves from numerous other identical home based business options on the net. The cost is merely $9.95 per month...extremely cheap. Generally these types of programs, in my point of view, are not worth the effort as 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 have to recruit 10 individuals into your team in order to be eligible to earn commissions. Once you do, you are eligible for life. Anybody you hire more than 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 merely 4 levels deep which, in my book, permits 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 rapidly!
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 offer you with a residual income that may raise over time. You will have 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 promoting since individuals will leave the business. Work with your team personally to limit your attrition rate.
Therefore, in conclusion, I believe that MyMoneyFish is not a scam but a legitimate home-based business that I know 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 advertising 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 advertising, regardless of what business you are in.
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