Complete Review Of MyEcon – Scam Or Legit?
Are you looking for a complete review of MyEcon? Curious about the hype around this business opportunity?.
First things first, I congratulate you for being smart on the ball and seeking out independent reviews.
This is how you find out what a product is really like, avoid getting scammed and find a genuine way of making money online.
The problem with some reviews is they are not independent.
Yes, you read that right.
Some of the reviews out there are written by people that are connected to the company in some form, either directly or as a partner.
I am not in any way at all associated to or with the product and company that this review is about.
I pride myself in writing impartial independent reviews and publishing my own opinions and thoughts.
Through out the remainder of this article I will talk about the following topics:
- What Is MyEcon?
- How Does MyEcon Work
- MyEcon Product Line
- MyEcon Compensation Plan
- Who Is The MyEcon Target Audience
- Is MyEcon A Pyramid Scheme?
- Is MyEcon A Scam Or Is MyEcon Legit?
- MyEcon Review - The Final Conclusion
Curious to find the answers to those questions?
Keep reading!
MyEcon Review
Product Name: MyEcon
Founder: Alvin Curry and Ivey Stokes
Product Type: This is a Personal Finance Based MLM Opportunity
Price: $19.95 signup fee & $34.95 monthly membership + Products costs
Best For: Nobody!
Summary: This Is a MLM Network marketing company centred around products related to personal finance. You earn by signing as a Marketing Director and then earn a commission when you sell one of the MyEcon products or by recruiting others into your downlines.
The products are a bit pricey and aimed at those struggling financially making it a rather unwise opportunity to be involved in. It does look like a pyramid scheme.
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Rating: 20/100
Recommended: No, there is no reason at all to complicate your life!
Because MORE MONEY IS Waiting For You. The Question Is: WILL YOU TAKE IT?!?
More...
What Is MyEcon?
MyEcon, an abbreviation for "My Economy", an American MLM network marketing opportunity with a product range focused around personal finance and aiding people to achieve financial success.
Their products are focused on your, and I quote, "Personal Economy" with their product range which promises to help you to better manage your finance which is achieved by their "income shifting membership" as well as the associated and connected business opportunity.
MyEcon sells quite a range of products, some of which are in unrelated markets and industries like wellness products and coffee beans alongside their services to repair your credit score and help prevent Identity Theft.
MyEcon Product Line
The main range of products on offer by myEcon is centred around personal finance and managing your finance much better and have full access to some handy tools, software, apps and other digital tools aimed at helping you to reduce your debt and manage it more efficiently.
It it crucial for any network marketing opportunity to have a top quality range of products for their sales team or "marketing directors" as the company likes to call them.
Without solid and quality products to back up a network business, the business ends up collapsing in on itself with the sales team/associates running around in circles chasing their tails recruiting others into the program to generate revenue with no actual or very little selling going on.
And when that is all that is happening it is a Pyramid Scheme.
The tools and products
- Smart Credit Repair System: Training to help you
to improve your credit rating. Included full video training and samplesas well as templates of letters that you can send out to help improve your credit score by removing those black marks against your name!
- Book Travel: A means of helping you to book cheaper travel products and find the best services.
- ID Defender: Theft Identity protection for you and all of your devices.
- Cash Back Mall:
Pretty interesting area this,a bit like referral marketing. You share the link with others and you get a percentage of what they bought.
- Cash Flow Manager: A
well designed app that helps you to track your own cash flow.
- Credit Monitoring: This is available as an upgrade. This monitors your credit rating score for a period of the subscription.
- Road Side Assure: A roadside
assistance service, breakdown service as some call it.
- Health And Nutrition: Health and wellness products available from
MyEcom .
As you can
In one aspect they are repairing your credit rating and helping your against identity theft and the other helping you to book a holiday or get a tow truck!.
When you Join MyEcon and become one of their "Marketing Directors" they give what is called "Income Shifting Membership" which is a product aimed at assisting your to reduce your tax bill - (always a good thing!) and augment your income making it a win-win.
Reduce taxes and boost your income - double win right there.
MyEcon Compensation Plan
As is with most, or pretty much all MLM network marketing opportunities the compensation plan is very much always complex, complicated and difficult to understand for the best of us.
I am pretty sure that all MLM companies and business opportunities are obliged by law to provide details as how their members are going to be paid.
I could not find such document on the MyEcon website anywhere which I found the most odd.
If you don't know or cannot determine how much you can earn from the opportunity for sure by means of an official company document that is publicly available does raise a flag in my mind.
I have however found a YouTube video that does the job well of explaining how much you could earn with MyEcon.
If recruitment or face to face selling if not your thing, and you still have a strong desire to build up a passive income then I suggest that you Try This Opportunity
Warning only click if you are serious and want to put in the work.
Who Is The Target Audience For MyEcon?
Millions of people don't pay attention to their personal finances and have absolutely no idea in regards to filing taxes correctly and managing their cash flow.
This group of people are unlikely to perform a simple and basic google search or check apple's App store and find similar tools that are available for free. Getting this group to join myEcon could help them to be more aware of their finances, save some cash and get a better credit rating and be better off financially speaking.
Those that are a bit more financially savvy and/or frugal (like me) will quickly realise that MyEcon offers no real value.
Similar products are available for free or considerably cheaper that what MyEcon is selling them for.
Is MyEcon A Pyramid Scheme?
This not exactly the easiest of questions to answer as MyEcon does have legitimate products to back up the recruitment program.
But,
The main focus does seem to be on getting people to join your team V s Actually selling products.
Plus, the products do seem to be pretty standard or ordinary at best and very much overpriced and you don't actually need to be a member to buy their products which, raises questions itself as what the heck is the membership fee for?
Is the membership fee
If this is the case, then it really is smelling of a pyramid scheme.
Can I Make Money With MyEcon?
Most certainly, yes. But you have to be comfortable taking part in what very much looks like a pyramid scheme that is pushing rather pricey products to people that are not in the greatest of finances.
I'm not sure about you, but I'd rather be looking to a more affluent market or a better opportunity than pushing expensive finance products to those with financial problems.
I get the impression due to who the target audience appears to be and the situation they are in that you will struggle to find regular clients to buy their products.
And thus, you will be "forced" into the recruiting side to earn money as you struggle with selling products to the financially distressed.
Is MyEcon A Scam?
Outright I cannot say this due to there being legitimate product behind the company.
Is MyEcon Legit?
This is a very loaded question. MyEcon is a legitimate company and business, but is it a legitimate business opportunity?
The answer here is both yes and no. Yes because there are bonafide products behind the company.
No, because you could find it very difficult to sell those products and thus pushed by the lack of sales into the recruiting side, which is long term unsustainable.
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My MyEcon Review - The Final Conclusion
MyEcon is something that is best avoided due to the potential difficulties in actually selling the product range and who their target market appears to be for.
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