Review Of MyInternetBusiness - Scam Or Legitimate?

BusinessScams

  • Author Brian Mccoy
  • Published April 9, 2008
  • Word count 476

MyInternetBusiness is the latest high ticket online marketing program to hit the internet. So what is the program and is it a scam or not?

The Company

Darren Gaudry, the founder and CEO of Passport To Wealth, along with some other expert marketers have developed this new business system. With a launch date of April 1, 2008, My Internet Business was offered exclusively to the members of Passport To Wealth during its pre-launch. The members of Passport To Wealth were given a discounted membership rate to enroll during the pre-launch period. Although the two companies are separate, MyInternetBusiness does appear to just be an updated, revised takeoff of Passport To Wealth.

The Products

The My Internet Business product line appears to be the same general fare offered by other high ticket programs. Included are the traditional library of ebooks and bundles of software. Unfortunately, they do not appear to have any new, real proprietary products. This is unfortunate for their distributors as that is what the market is demanding, unique, one of a kind products.

Cost To Join And Compensation Plan

There are 4 different options to join the company at:

  • Bronze Level - $495 to join, $300 for direct sales, $100 for overrides

  • Silver Level - $995 to join, $700 for direct sales, $150 overrides

  • Gold Level - $1995 to join, $1500 direct sales, $300 for overrides

  • Platinum Level - $2995 to join, $2000 direct sales, $500 for overrides

The pay structure is an immediate comp plan, having done away with the dinosaur 2up comp plan of Passport To Wealth. This means that you will be paid on your first sale, rather than having to pass up your first 2 sales to your personal sponsor.

My Internet Business does offer a call center where you can hire your own PBA (Professional Business Assistant). Your PBA will take the calls from your incoming prospects and you will pay them a portion of your commission for closing your sales for you.

Conclusion

Although MyInternetBusiness is not a scam, it does appear to have some negative attributes. It appears that My Internet Business was designed to eliminate the failed 2up comp plan of Passport to Wealth. Although the 2up comp plan did need to be thrown out, the pay plan of MyInternetBusiness does not appear to be as lucrative as some of its competitors.

The way to achieve duplication and massive leverage is through a matching override comp plan such as Big Ticket To Wealth offers. When you have people earning the same amount for personal sales as well as overrides, this creates an environment of team synergy. You will be much more motivated to train and help your people when you are earning a matching override bonus from their efforts.

The other concern is with the products. They appear to be the standard fare with nothing fresh and new to offer. This could make it difficult for their affiliates to market the program.

If you are looking to earn a Substantial Online Income, visit http://www.BigTicketWealth.org .

Brian McCoy is a 6-figure earner in the home business industry who specializes in coaching others on how to create a full time income via the internet while working from the comfort of their own home. He has his own training website to get people off to a fast start.

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randall
randall · 15 years ago
I came to this forum hoping I would find some detailed experience others might have had with MyInternetBusiness.com or its twin CarbonCopyPro.com . Both are vague in their exact product details, especially the latter. Perhaps my following reflections stand to be corrected. It seems that everyone finds the whole charismatic approach a little bewildering, yet incomplete. I have had a fair bit of experience with MLM, and am approached by others from time to time, and the 2 mentioned sites seem sooo good. So I looked at a number of associate sites and am still not satisfied. What is the product? Recruiting others? That is a scam (pyramiding at its worse). I have nothing against MLM, but when the product is people’s fees, that a problem. Now, there is an attempt on the Tours to talk about Product, but very few associates have any link to this. The one link to a vacation site just took me back to an associate trying to get me to join. So an appraisal of the site, if it exists, is difficult (though one site I found shows some video footage of the welcome page). But the value of these getaways are undetermined…And they are not for you to sell..but a club you join and use through being an associate! So if you plan to sell Ma and Pa a single trip, you have to get them to ..you guessed it, become an associate. Is the product vacations? And the books? (The other product you are given to sell) Well, only one site of many I reviewed even gave an example of titles you can use to create your store (I am assuming this is the overall intent as little is explained of this). Of the two books titles reviewed on the Tour, both were found on other sites on the top of the Google search, and at a lesser price! (Guide to help Teenagers Loose Weight $17 vs. $1.72 at Lulu.com). And none of the sites offering the title were from associates from the sites discussed here. Recruits are the product. In fact, one associate in a Tour quite plainly said ‘you don’t want to be just selling books, you won’t get rich that way, let me show you how to recruit, that’s where the real money is’. And to underscore that fact, on book sales, the sponsor associate does not even get residuals on book sales; that’s mlm? Would I not be better off cutting a deal with a local bookstore to do their internet marketing? By now, most viewers will have seen the many many associates competing for your clicks when you google MyInternetBusiness. In the old style MLM, each member had a chance to be a unique contact to the prospect. Now the numbers game will mushroom with these companies. Each with their own Tour. All piled on top of one another in search engines. The criticisms that the websites make about the MLM business are true: ie retention problems, hand holding, high prices. But that does not validate their approach either. I have learned these companies have hefty monthly fees, for no real product to you! At least previously I’ld get some vitamins.