A True Review Of The MyMoneyFish Home Based Business Option

MyMoneyFish is a home-based business opportunity that recently began on February 3, 2010. I wanted to endow you with my honest review of the business, if you are considering joining, so that you can make an informed 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 marketing productivity equipments - software and e-books - in your back office. Each product is digital and can be downloaded to your PC. Also, a nice feature is that all of these products come with Master Resell Rights which can offer you with an extra income stream. A few products consist of an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are many programs that offer junk digital downloads, I think that MyMoneyFish separates themselves and actually provides value possibly because of the volume provided. Several products are really good.

COST & COMPENSATION: This is where MyMoneyFish separates themselves from many of the other similar looking home based business opportunities on the internet. The cost is merely $9.95 per month...extremely cheap. Usually these types of programs, in my opinion, are not worth the effort because I believe 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 have to recruit 10 individuals into your team in order to be qualified to earn commissions. Once you do, you are qualified for life. Anyone you recruit above the required 10 will spill down to facilitate 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 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 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 provide you with a residual income that can grow over time. You will need to promote yourself and your website in order to build your team. Only if you do this, MyMoneyFish can be a profitable business for you. As with any residual income program, you cannot really stop marketing because people will leave the business. Work with your team closely to limit your attrition cost.

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 useful and can be resold for added income. The site is clean and easy to navigate, there are various promotional tools and advertising ideas in the back office. The matrix is very simple and potentially profitable. Just remember that marketing your business is always the key to success in network marketing, no matter what business you are in.

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