As with any Network Marketing company, myEcon sales representatives claim that their MLM business opportunity and training may show you the route to financial independence.
That sounds fantastic, doesn’t it?
Who doesn’t want to be debt-free and financially independent?
However, I’m betting you’ve arrived here because you’re a little skeptical… perhaps even a little cynical. Maybe you’ve been a victim of another phony MLM companies and are averse to going through it again.
Trust me when I say that I know. You want to gather further knowledge before jumping into something new.
So before I say anything else…
This myEcon MLM review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
So, what if there was a way you could build a passive income stream that’s actually passive?
You most likely learned about MyEcon from a friend or family member. Perhaps you participated in an online workshop or webinar or attended an in-person information session.
Your head is almost certainly whirling. This may be the only time you’ve heard of a legitimate option to earn money other than through a traditional job.
To begin, congratulations!
You have just entered a new world…the realm of self-employment.
However, you entered by the incorrect door.
Because MyEcon is, at its core, a multilevel marketing company. Put any fancy name you want on it… Whether you call it multi-level marketing (MLM), network marketing (NWM), direct sales, or something else, the premise is the same:
You make an initial investment in exchange for the “chance” to sell things.
Typically, the products are low quality but carry a hefty price tag (because of fancy labels and stuff).
You’re taught that the key to developing a successful business is to sell these products to friends and family on a subscription basis (thereby generating “monthly recurring revenue”).
Unfortunately, if you’re like most individuals who fall for these schemes, you’ll quickly learn that the well runs out faster than you think.
After all, they make it appear to be straightforward. “All you have to do is invite five people you know to this magical widget, and things will take off from there.”
And you think, “How difficult can it be?” I know a lot of individuals; five will be simple.”
However, once you’ve done it, you’ll notice that people regard you as if you’ve joined a cult. You have become “that person”, who joined an MLM company and is now trying to sell questionable products or services to everyone they meet.
It strains your relationships and leaves you trapped between two worlds.
However, it is not your fault. These businesses spend millions each year figuring out exactly how to recruit and brainwash people, and that’s why we’re here.
To find a better way before it’s too late.
An income stream that doesn’t require:
- Selling to friends and family
- Selling to strangers
- Dealing with questionable products that weigh on your conscience
- Recruiting people
An income stream that brings in consistent revenues every single month (from a couple of thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like MLM, and that’s probably a good thing.
What Is MyEcon About?
myEcon is a United States-based Multi-Level Marketing enterprise. MyEconomy is the full name of the “business opportunity.”
They boast that they can teach those who join myEcon program how to succeed in life. This is accomplished by using the techniques outlined in the “Income Shifting” membership package.
According to their official website, their CEO is Larry Gates, and the company was created in 2005 by a small group of investors and entrepreneurs.
However, after doing some research, I discovered that Ivey Stokes is the true founder of myEcon and has a net worth of over $700 million. It’s just curious that their website makes no mention of this.
Regardless, the corporation sells a variety of things, ranging from health supplies to credit score repair services.
Naturally, their items are distributed via a vast network of “sales associates” and business opportunity seekers. However, most people who join the organization establish a work-from-home business.
Along with selling their products, these sales employees can recruit others into the business opportunity.
The MyEcon Product Line
Of course, while evaluating any “reputable” MLM, the one item that you absolutely must determine is their product line. If you cannot pin down what the company is selling, you should make a beeline for the exit.
The situation is…
A business’s products are its lifeblood. If the items are both good and ethical, you may have a winner, and individuals may have a decent chance of profiting from them. However, if the products are subpar or non-existent, it is not worth your time because most money is made when people join the company.
However, from what I’ve seen, myEcon appears to have legitimate products and services that appear to be reasonably priced.
The bizarre aspect of the product line is its breadth. That is, you can purchase coffee on one end of the spectrum and Identity Theft Protection services on the other.
Here is a sample of a couple of myEcon’s products:
- Identity Defender: $8-15 per month ID Theft Protection
- Smart Credit Repair System: $100 credit repair service
- Coffee Beans: $17-20 for a box
- Cashflow Manager: $20 per month cash flow management system
- Vitamin Supplements: Daily Ultimate for $37
- 750 Credit Monitoring: $24 per month bi-annually
You can see for yourself the variety of things they offer and how drastically they vary.
Additionally, if you want to join the company as a Marketing Directory, you will automatically be approved for the Income Shifting Membership.
Essentially, this aids you in your quest for financial independence by utilizing tax loopholes, boosting your income, and acquiring additional assets.
When I examine the product range closely, I notice nothing that would cause me to suspect the products are not legitimate.
Finally, the only method to determine whether the products are legitimate is to test them first and compare them to other comparable products before joining the business.
In this manner, you may sell items honestly and from personal experience.
The MyEcon Cashback Mall
This is something I’ve never seen before, and it has the potential to save you quite a bit of money in the long term. Indeed, another multilevel marketing business(Team National) does the same.
That concludes the cliffhanger…
Cashback Mall offers a 5% discount on some products purchased at merchants such as Walmart and BestBuy.
This is how it works:
Due to the fact that myEcon sells products through these business’ affiliate programs, myEcon earns a commission on every sale. However, rather than retaining the commission for themselves, they pass it on to their recruits.
Currently, the commission rate is modest (usually under 5 percent ). Additionally, it can take quite some time for myEcon to pay you any of that money, so it may be some time before you see any of your refunds.
In general, as long as you’re purchasing something you’d normally buy, this is a good notion.
The MyEcon Compensation Plan
So how exactly do you earn money with myEcon?
The compensation plan includes various options for company colleagues to earn money in the business opportunity.
Regrettably, there is little information on myEcon’s formal compensation plan on their website. I strongly oppose this because I believe that individuals would like to know this information before applying rather than hearing it from a recruiter.
However, I obtained the information from a usually trustworthy source.
While the following is not an endorsement of the compensation plan in its entirety, I have attempted to sum it up as accurately as possible.
To sign up for myEcon, you must first locate a sales representative for your business. Typically, you’ll be visiting their company-sponsored personal webpage. After viewing a few YouTube videos explaining the company’s history and listening to a few other associate testimonies, you’ll be directed to the associate sign-up page.
After clicking the link, you’ll be directed to a page where you can apply to become the company’s “Marketing Director.”
The monthly fee for joining the company as a Marketing Director is $34.95 plus a $19.95 startup fee.
When everything is in order, you’ll receive your website (which is a subsite of the company’s main website). You’ll utilize this to sell things and recruit new members. Additionally, there is some training available for you to complete at your leisure.
This training is referred to as the Income Shifting Membership, and it is what everyone uses to succeed.
As a Marketing Director, you now additionally receive the following benefits:
- Services for Credit Education
- Discount Corporate Travel & Perks
- Income Diversification Strategy (already mentioned)
- Legal Services Are Available for Free or at a Discount
- Cash Flow Management Software
- Protection Against Identity Theft
To be honest, for all you get, this sounds like a pretty excellent price, even if you don’t sell much. Furthermore, the monthly charge is significantly less than other MLM schemes I’ve observed.
Ways You Can Earn Money
Within the myEcon compensation plan, there are THREE primary ways to earn. I’ll describe various revenue streams and how they work in this section.
1) Income Shifting Membership Sales
There are just three ways to earn money using myEcon. The following sections will detail the compensation plan’s operation.
You must purchase the Income Shifting membership immediately upon signing up to become a Marketing Director.
Following this, you can earn $10 for the first couple of recommendations you make, provided they also acquire the Income Shifting Membership.
Generally, this commission is given only when new associates join the program.
2) Retailer Commissions
Your merchant commissions are calculated on a per-product, and per-membership basis and are based on a predetermined “commission volume” (CV). This CV serves as the foundation for any future commissions.
To give you a sense of scale. ID Defender is $7.99, but you do not earn the entire $7.99 fee because the commission volume for this product is $2. As a result, all commissions earned will be deducted from that $2.
Naturally, commission rates for various products will vary.
If you become a Marketing Director, you will earn a 15% commission on all you sell. And if you get to the Executive Vice President level, your commission increases to 25%.
3) Dream Team Residuals (DTR)
You will earn a commission of up to $8 per month based on your rating. For each associate (in any generation) who has paid the monthly price for their ISM account for more than 5 months.
Is MyEcon A Legit Opportunity Or A Scam?
Is MyEcon a scam? Technically, no. You can earn money with this service, but it is far from as simple as the company claims.
There is much upfront work required. There is no assurance of personal financial success, and – most significantly – the actual commissions are small.
There is nothing inherently wrong with front-loading work and earning money afterward.
However, if you work for three months and then receive a $50 commission, it’s not worth it.
What if, instead, you could complete the same three months of work
(in your spare time) and receive a monthly salary of $500 to $2,000?
And what if you didn’t have to wait three months? What if you could begin today and receive your first payout in less than a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike an MLM, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
What Is Our Top Recommendation For Making Money Online In 2022?
The ScamRisk team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Real Estate is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With MLMs and Network Marketing, you don’t really own anything. You have no control over the quality of products. You don’t even own your “team”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) No Inventory: Alright, so most MLMs don’t make you buy the products and fill your garage with them anymore (unlike the good ol’ days), but you’re still in a physical products business.
And physical products always have physical limitations. Even if you don’t have to manage the inventory, you still have to deal with supply chain shortages that cause major delays.
Imagine finally landing your first customer, and then losing them after one sale because they had to wait 6 weeks to get their order.
With Digital Real Estate, a 100% online business, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with an MLM, you’d have to double your customers OR double the average order size of your existing customers. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. In an MLM, your “upline” might convince you that what you’re selling improves people’s lives, but deep down, you likely know that’s not true.
Most of the time, you’re either selling a dream or a poor-quality, overpriced product with a fancy label.
And that makes it pretty hard to sleep at night.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours.
You could continue browsing, looking at opportunities like MyEcon which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.