You may have heard of My Shopping Genie and are wondering if this business opportunity is a scam or not
You may have heard of My Shopping Genie and are wondering if this business opportunity is a scam or not.
It's an easy business in which you can earn money every time you give away a free Shopping Genie. When comparing this to most other multi level marketing companies that offer the latest fruit juice, energy drink or anti aging cosmetic and you will see that this is a very unique opportunity.
My Shopping Genie is a subsidiary of My Net Universe, which is a 3 year old private company. It has an impressive management team including William M. Shaw who was Ted Turner's right hand man for almost three decades in running CNN and other Turner broadcasting networks.
With all the garbage and come on schemes on the Internet today it is certainly easy to see why people are suspicious of businesses like My Shopping Genie. However after spending a few days doing some due-diligence I realized what an amazing opportunity this actually is.
You give away these free applications and help shoppers to save time and money by finding the lowest prices on anything they want to buy. The distributor gets paid every time the user either clicks on an advertisement or makes a purchase. In other words nobody even needs to buy anything an you can earn pay per click income. This is exactly how Google made $23 billion in 2010. If however they do make a purchase the distributor can make an additional 10-75% of the sale price.
On average for every application that is given away the distributor can stand to make $2-$3 per program. Thus 2,000 to 3,000 downloads would mean that you could replace the income from your job, all from giving away free software that people want. In other words to replace your income you would only need to give away 2,000 to 3,000 programs.When you compare this to other forms of affiliate marketing where you have to build blogs, do search engine optimization, create pay per click campaigns and write articles you'll begin to understand how much easier this is. After you give away the program and the shopper installs it they will continue to earn you money for years to come, without you having to do a thing.
Furthermore an additonal income stream can be created on the network marketing end of the business, by showing people how to work the business and give away free Genies. The distributor stands to earn $100 for every two people that they introduce and because this is a binary payment plan (the best system for network marketing companies) you can also get spillover from your upline. There is also a 20% pay per click over ride from the downline as well. If you truly understand the business model you will see that there is a potential for an amazing income.
However as a caveat you should know that with any opportunity there is a risk of failure. Statistics show that as many as 95% of network markers will quit in the first 90 days. So if you choose to join an MLM opportunity make sure that you join with someone who has a proven track record that can teach you how to generate free leads online and has a duplicable system.
You may have heard of My Shopping Genie and are wondering if this business opportunity is a scam or not
By: Palmer Owyoung
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You may have heard of My Shopping Genie and are wondering if this business opportunity is a scam or not