MyMoneyFish is a home-based business option which lately started on February 3, 2010. I wanted to endow you with my truthful review of the business, if you are investigating joining, so that you can make a knowledgeable 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 more than 3,000 advertising productivity equipments - software and e-books - in your back office. Each product is digital and may be downloaded to your computer. Also, a nice feature is that all these products come with Master Resell Rights that could offer you with an extra earning stream. Some of the products include an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are several programs which provide junk digital downloads, I think that MyMoneyFish separates themselves and indeed provides value possibly due to the volume offered. Many of the products are really 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...quite inexpensive. 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 special and more gainful than the others if you work the business. It's a 10×4 matrix. You have to employ 10 people into your team in order to be qualified to earn commissions. Once you do, you are qualified for life. Anybody you employ more than the required 10 will spill down to assist fill up the matrices of your team. I never suggest that anyone rely on spillover, but it is a very real possibility. The matrix is just 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 large number but it really can add up fast!
SUMMARY: The program is reasonably priced so 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 increase over time. You will have to advertise yourself and your website so as to build your team. As long as you do this, MyMoneyFish can be a profitable business for you. As with any residual income program, you cannot really stop advertising as individuals will leave the business. Work with your team personally to limit your attrition cost.
Thus, to conclude, I feel that MyMoneyFish is not a scam but a legitimate 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 simple to navigate, there are several promotional tools and advertising ideas in the back office. The matrix is very easy and potentially lucrative. Just remember that marketing your business is always the way to success in network advertising, regardless of what business you are in.
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