MyEcon sales associates claim they can help you achieve financial freedom as a Network Marketing associate with their MLM opportunity, and the training they provide.
That sounds amazing, doesn't it?
Who doesn't want financial freedom and debt-free?
However, I think you are here because you are skeptical... perhaps even a bit cynical. You might have been burned by another MLM that is a bullshit scam in the past and don't want the pain to come back.
Believe me, I understand. Before you dive into another project, it is important to know more.
Let's now look at a few other things.
MyEcon will be reviewed by us to determine if it is truly the best Network Marketing company (MLM).
We will discuss whether Network Marketing (MLM), is right for you. You can also visit to learn why so many network marketers fail.
You'll find answers to some of the most common questions about myEcon, Network Marketing and general.
This system made me swear by Network Marketing because it used some of the same skills but in a more powerful and lucrative way.
What is MyEcon all about?
myEcon is an American Multi-Level Marketing Company. MyEcon is the full name of this "business opportunity".
They claim that they can show others how to succeed in life. You do this by adhering to the "Income Shifting” membership package.
Their company website states that their CEO is Larry Gates. It was founded in 2005 by a small group of entrepreneurs and investors.
I did some digging and discovered that myEcon was actually founded by Ivey Stokes, who has a net worth exceeding $700 million. It seems odd that the website doesn't mention this.
The company sells everything from health products to credit-enhancing services.
Their products are also sold through a wide network of business opportunity seekers and "sales associates". Most people join the company to open a home-based business.
These sales associates can sign up others to the business opportunity, in addition to selling the products.
The MyEcon Product Line
When you take a serious look into any MLM company, you must also consider their product line. If you are unable to identify the product line of the company, you should look elsewhere.
The truth is...
A company's products are its lifeblood. You might be a winner if your products are ethical and good. People may also make money from it. If the products are poor or nonexistent, it might not be worth your time. The only way to make money is by signing up people for the company.
However, I have seen that myEcon has real products and services which appear to be decently priced.
The best thing about the product range is its scope. You can get coffee on one side and Identity Theft Protection services on the other.
Here are a few products from myEcon.
See all of their products and see how they differ.
You will also be approved instantly for the Income Shifting membership if you sign up as a Marketing Directory.
This will help you on your way to financial freedom. You can take advantage of tax loopholes to increase your income and purchase more assets.
If I take a close look at the product lines, there is nothing that would make me believe the products aren’t genuine.
The only way to be certain if products are legitimate is to test them out first and compare them to similar products before you join the company.
This is a way to sell products from your personal experience.
MyEcon Cashback Mall
This is something I have never seen before and could save you a lot of money over the long term. Team National, another MLM company, does exactly the same thing.
Okay, enough with the cliffhanger...
Cashback Mall offers a 5% discount on select products you can buy at stores such as Walmart and BestBuy.
It works like this:
MyEcon is paid a commission every time they sell products through their affiliate program. Instead of keeping the commission, they pass it on to their recruits.
The commission rate is usually below 5%. It can take a while for myEcon to pay out any of this money, so you may not see your rebates right away.
This is a great idea, provided you don't buy the stuff you wouldn't normally purchase.
The MyEcon Compensation Program
How can you make money with myEcon, then?
There are a few ways that associates can make money with the compensation plan.
Unfortunately, there is not much information on myEcon about their official compensation plans. This is something I don't like. I think people would rather have this information before they go.
However, I was able to find the information from a reliable source.
Although I won't be pledging the entire compensation plan here, I tried to make it as simple as possible.
Getting Started
To sign up for myEcon, you will need to find a sales representative from the company. You'll typically be visiting their company-sponsored website. After viewing a few Youtube videos and listening to some testimonials from associates, you will be directed to the associate sign-up link.
Click on the link to be taken to a page where you can register as a Marketing Director for the company.
Sign up as a Marketing Director at the company for $34.95 per Month with a $19.95 initiation fee.
Once you have everything sorted out, you will be able to create your own website. This is a subsite of company's main site. This website will be used to sign up customers and sell products. You can also take some training at your own pace.
This training is known as the Income Shifting Member and it's what everybody uses to succeed.
As a Marketing Director, you get these perks:
This sounds, even though you may not end up selling much, like a great deal for the amount you get. The monthly fee is also much lower than other MLM programs that I have seen.
Ways You Can Earn Money
Three main ways to earn myEcon compensation plan are available. This section will discuss these income streams and their workings.
1) Income Shifting Memberships
MyEcon offers three ways to make money. We'll explain how the compensation plan works in the next section.
To become a Marketing Director, it is imperative that you purchase the Income Shifting membership immediately after signing up.
Once you have done this, you will be eligible to receive $10 for your first two referrals as long as they also purchase the Income Shifting membership.
This commission is usually only paid to new associates who join the program.
This will allow you to earn $35 for every sign-up that becomes a Marketing Director, and $35 per referral of an MD.
After your third recruit has signed up to become an MD, you will be qualified to become an EVP (Executive vice president). This will allow you to build as many downlines within your company as you want. You can refer as many people as you like to your organization.
These are called Baseshop organizations. They have both direct referrals as well as those they've recruited that haven't yet been promoted to EVP.
This sounds overwhelming, but don't worry if you aren't sure. Keep in mind that for every MD hired by your company, you will receive $25 in commissions.
Let me just say that if your retention rate is below 80%, which means more than 20% of recruits leave the program, then your commission rates will drop.
2) Retailer Commissions
The commissions your retailer receives are based on each product and membership. Each member has a "commission volume" (CV). All future commissions will be based on this CV.
This is just to give an idea. ID Defender is $7.99. However, you won't get your commission on the $7.99 total. The commission volume for this product costs $2. Therefore, any commissions that you earn will be from this $2.
Naturally, the commission rates for each product will differ.
If you are promoted to Marketing Director, you will get a 15% commission on all products you sell. If you rise to the Executive Vice President position, your commission will increase to 25%.
Let's break it down...
Based on your level of the company, you could make anywhere from.30 to.50 cents per month selling ID Defender
It doesn't end there.
You can earn 10% on all commissioned sales made within your MDs organization and as much as 17% on all commissioned sales within your "Generations"
These generations are formed after an employee refers another person to your company at the EVP level.
This is the beauty and power of myEcon's compensation structure: when any referral, whether it be yours or someone else within your organization, get sponsored by an associate who becomes an EVP, they are a 2nd generation referee to you.
This could continue for a lifetime.
3) Dream Team Residuals (DTR)
Your ranking will determine your commission. You can earn up to $8 per month for every associate (of any generation) who has paid the monthly fee of their ISM account for over 5 months.
Conclusion: Is MyEcon a legit opportunity or a scam?
Based on everything I have researched about myEcon I can confirm that it is legit.
You should ensure that the MLM you are considering joining is legitimate before you commit to any MLM. MyEcon seems to confirm this.
Nobody wants to invest a lot of time and effort into an MLM business only to have it go down in flames. This is why it's important to have retail customers who like the products you sell.
You have the potential to expand your myEcon business exponentially. These products can be a great way to make money, especially when new product lines are introduced.
However, the success rates of MLMs are not impressive, to say the least.
There is no silver lining to everything. Some things were not my favorite, but I can say that there are still some good things.
1st: If everything is in order, there's no reason to conceal company information. Information such as the true founder and the compensation plan should always be prominently displayed on the company website. Any email requesting this information was also ignored.
2nd: I am generally skeptical of MLM companies that claim to have the latest and greatest products for skincare and nutrition. They also claim they are the best in the industry, but there is very little empirical evidence. It's possible they do it for an "income opportunity", but I find it troubling.
Third: This is a simple statement that can't be hidden. The main way to make big money in MLM companies is by recruiting new people, and not selling products. This is intentional. The Income Shifting Membership, for example, is available only to those who wish to be a Marketing Director. This product cannot be sold to the end-user.
While I don't believe myEcon is a fraud, it's something you should keep in mind when doing your research about the company.
It's ultimately your choice what to do, rather than mine.
Although this review might seem a bit heavy-handed, I want to assure you that you enter this review with your eyes open.
Even if your goal is to become a multi-level marketer you have better options than myEcon.
There are many options when it comes to building a business.
Remember that I do not get paid to review any programs. Multi-level marketing is a great model for business, but it could lead to you losing a lot of money.
Based on everything I have researched about myEcon I can confirm that it is legit.
You should ensure that the MLM you are considering joining is legitimate before you commit to any MLM. MyEcon seems to confirm this.
Nobody wants to invest a lot of time and effort into an MLM business only to have it go down in flames. This is why it's important to have retail customers who like the products you sell.
You have the potential to expand your myEcon business exponentially. These products can be a great way to make money, especially when new product lines are introduced.
However, the success rates of MLM entrants are not impressive, to say the least.
There is no silver lining to everything. Some things were not my favorite, but I can say that there are still some good things.
1st: If everything is in order, there's no reason to conceal company information. Information such as the true founder and the compensation plan should always be prominently displayed on the company website. Any email requesting this information was also ignored.
2nd: I am generally skeptical of MLM companies that claim to have the best products for the Health and Wellness Industry, but with little empirical evidence. It's possible they do it for an "income opportunity", but I find it troubling.
Third: This is a simple statement that can't be hidden. The main way to make big money in MLM companies is by recruiting new people, and not selling products. This is intentional. The Income Shifting Membership, for example, is available only to those who wish to be a Marketing Director. This product cannot be sold to the end-user.
While I don't believe myEcon is a fraud, it's something you should keep in mind when doing your research about the company.
It's ultimately your choice what to do, rather than mine.
Although this review might seem a bit heavy-handed, I want to assure you that you enter this review with your eyes open.
There are many options when it comes to building a business.
Even if you are determined to become a Multi-Level Marketing Executive, has better options than myEcon.
Remember that I do not get paid to review any programs. Multi-level marketing is a great model for business, but it could lead to you losing a lot of money.
Our Business Model Instead of MyEcon... It's Not another MLM
Digital Real Estate:
This business model allows you to set up passive income assets that generate real estate rent each month, without much hassle.
In our MLM review, why is this recommended above myEcon?
It's very simple, and everyone can achieve great success with this model!
These are just a few reasons why it's better than the MyEcon MLM business:
Most Frequently Asked Questions
What can you do with digital real estate that you cannot do easily with myEcon?
- 1By giving small businesses better opportunities to land jobs, you can help them.
- 2It is possible to make full-time money at home, even if you don't have to sell your house at a premium price.
- 3It's easy to throw a party and not have to sell any product
- 4A website can be built and ranked by anyone.
- 5Earnings can easily surpass those of other MLM businesses.
What is digital real estate?
Local lead generation is what we are referring to. It's as follows:
You first need to choose a location and niche, then create a website.
But which kind of city...what type of niche?
A website should be built in a large city (50k+), with a popular service. Tree service is almost always possible!
The money is next. How does ranking and building a website for tree services translate into money?
When your website is ranked high on google in your area, you'll start getting calls from people looking to have your tree removed.
You're right. We are sure.
These leads are known as leads, and they can be extremely valuable. These calls are like gold nuggets.
They are, however, products. The products that you have acquired free of charge with some basic SEO.
You will need to locate a local business owner to sell your products. Many business owners are addicted to leads and will take your leads or products.
What price should I charge for my digital real estate products?
A tree service lead can be worth $50-$200, or 10% depending on how big the job is. If your website receives only 10 calls per month, you can add $5,000-$20,000 to your business's bottom line.
The business owner will take care of all the details so you can make $500-$2,000 per month.
The best thing about digital real estate is that you don't even have to touch a site once you rank it. Digital assets are much easier to maintain than physical ones.
What if a company doesn't want my digital real estate products?
There are many options, but sending them free products is the best way to convince them to buy.
Yes! You can send them free leads! Marketers will try to sell a tree service company when they promise the world, but in reality, these guys don't deliver.
Who would refuse free products or leads from a business owner?
Your tree service company will appreciate your generosity and help build trust.
What is the Maximum I Can Make from Digital Real Estate?
Digital real estate, unlike myEcon which can become difficult to sell over time, is infinitely scalable.
You can set up these lead generation websites in a matter of minutes and it takes only a few months of solid backlinking before you rank number one with leads.
Let's take the tree service example we used earlier. If you had only 10 sites, you could earn $5,000 to $20,000 per month!
Although we aren't geniuses, we would be willing to wager that it's more than your 9-5 and a great route to more money overall.
Where Can I Learn Digital Real Estate?
We recommend a training program that we have personally vetted to ensure it isn’t a fraud. We've given it a 10-point rating because so many people have had success using this opportunity.
This group and training course will show you how to create a digital property. You'll also learn how to properly perform SEO to generate leads and products.
You will also have access to a Facebook Group that can assist you if you need it. It's great to have this group around, as they are always available to help and support you! It's almost like having an expert team at your side!
MLM companies loathe this course, as it teaches you how to make a full-time income at home and not throw a party.
You can throw parties every night with the money that you make from this course!
This opportunity is unbeatable for MLM companies such as myEcon.
Selling business tools, PC products or other MLM products is not something you need to worry about. All you have to do to build an asset that provides the product business owners require...
Leads
The best thing about this course is the ability to learn how to create an asset using your computer from home. This will make it possible for other people to benefit.
What do you think?