Know How Helpful Is 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 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 more than 3,000 marketing productivity tools - software and e-books - in your back office. All of the products are digital and can be downloaded to your PC. Also, a nice feature is that all of these products come with Master Resell Rights that can provide you with an additional income stream. A few products include an Autoresponder, website creation software, splash page software, numerous educational e-books, and more. While there are many programs that provide junk digital downloads, I think that MyMoneyFish separates themselves and actually offers value probably because of the volume provided. Many of the products are really good.

COST & COMPENSATION: This is where MyMoneyFish separates themselves from many of the other identical home based business opportunities on the net. The cost is only $9.95 per month...extremely cheap. Generally these types of programs, in my opinion, are not worth the effort because I think 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 need 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 employ above the required 10 will spill down to help fill 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 income. 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 a lot 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 can increase over time. You will need to market yourself and your site 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 individuals will leave the business. Work with your team closely to limit your attrition rate.

So, 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 website is clean and easy to navigate, there are plenty of promotional tools and marketing 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, regardless of what business you are in.

Know How Helpful Is MyMoneyFish
In this article, Steve Hawk provides network marketers with his MyMoneyFish review. He summarizes the products, cost and compensation plan, and provides his conclusion on why MyMoneyFish is a legitimate network marketing business that can provide a residual income to anyone who puts in the effort to build their business.

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