How To Set-Up Your Business For Under 1000 Book Review MyInternetBusiness Business Review – The Truth Behind This New Online Marketing Opportunity!

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MyInternetBusiness Business Review – The Truth Behind This New Online Marketing Opportunity!

MyInternetBusiness is one of the most recent opportunities to join the online marketing industry.  But what is this new company all about and is it a really a legitimate opportunity or just another scam to steer clear of?

1- The Company:  Launched in April 2008, MyInternetBusiness was developed by, Darren Gaudry, the founder and CEO of Passport To Wealth.  Although the two companies are different, MyInternetBusiness still appears to be simply an updated version of Passport To Wealth.

2- The Products:  The Product line for MyInternetBusiness also appears to be the same basic products often offered by many other high-ticket programs such as e-books and software.  Unfortunately, they do not appear to have incorporated any new or real proprietary products to enhance their product line.  This is a shame for their members since unique products are in such high demand for the current market and help to secure success for the promoting company.

3- Cost To Join And Compensation Plan:  There are 4 sign-up levels for joining:

    Bronze – $495 to join, $300 commission for direct sales, $100 for overrides

    Silver – $995 to join, $700 commission for direct sales, $150 overrides

    Gold – $1995 to join, $1500 commission for direct sales, $300 for overrides

    Platinum – $2995 to join, $2000 commission for direct sales, $500 for overrides

The payment structure is now done as an immediate compensation plan, having done away with their original “2-up” compensation plan from Passport To Wealth.  So members will now be paid on their first sale, rather than having to “pass-up” their first two sales to their personal sponsor.

While MyInternetBusiness is not a scam, it does have some definite flaws that you should be aware of.  As far as products, they simply have nothing fresh and new to offer the industry which could present a challenge for the members who are trying to market the program.  A new, proprietary product would have been beneficial and helpful for standing out.    Ultimately, the main flaw that I have observed is with their compensation plan.  It appears that MyInternetBusiness was perhaps designed primarily to do away with the flawed “2-up” compensation plan from the previous company, Passport to Wealth.  It was good to do away with that original “2-up” program, but the pay-plan structure of My Internet Business is still not nearly as lucrative as some other online opportunities.

The best way to achieve and create leverage and duplication to really make your business explode is through a matching override compensation plan such as with Big Ticket To Wealth.  The Matching Override Bonus from Big Ticket to Wealth initiates teamwork and huge growth within the team when you and your team earn the same amount for both personal sales and bonus overrides.  You will be much more motivated to train and help your people when you are earning a matching override bonus from their efforts.

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