My Earnings Review Review – Good Opportunity Or Big Scam?

My earnings reviewRecently, this business has been getting a lot of attention.

In fact, there is lots of hype and buzz going around including people pitching it left, right and centre.

I’ve noticed a lot of people pitching it on social media.

Now, first off, let me make it clear I am NOT promoting this business opportunity as an affiliate or distributor.

I have all the facts about this business in my My Earnings Review Review so you can learn the full truth about it!

Is the business legit or a scam?

Does it deliver on it’s promises?

I explain in my Review of My Earnings Review before you.

Let’s get started.

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What The Heck Is My Earnings Review?

When we review multi-level marketing companies, one of the biggest things that we look for upfront is whether or not a company makes it clear as to who runs and manages the company in question. Whenever this information is not readily available, we are always met with feelings of big concern.

Any reputable company makes this information clear and distinct right off the bat, so when we review a MLM opportunity that lacks this, we are immediately left with a bad impression.

In the case of My Earnings, the company doesn’t fall into this exact pitfall. The company’s site lists that Eric Chin and Mike Seacrest are the current owners of My Earnings, and we were also able to find a marketing video for the company on a YouTube channel that belongs to a man by the name of Kevin Icecreast.

While this may sound encouraging at first, further research reveals that these reported names are nothing but bogus. There are actually quite a few examples that really drive this point home.

For starters, we weren’t able to find any information at all regarding Mike Seacrest. As for Kevin Icecreast and Eric Chin’s Facebook profiles, they were both completely made up.

Kevin Icecreast’s profile picture is that of the director Kevin Smith, and Eric Chin’s profile photo uses the picture of a former Google employee – Kevin Marks.

If Eric Chin sounds familiar to you, that’s because it was the same bogus profile that was tied with Progmatic AdsPaid – a Ponzi scheme that has since collapsed.

However, the names don’t stop there. When we look at the registration for the domain name of My Earnings’ website, the owner is listed to be someone named Michael Dwen.

After diving further into the registration information for the domain name, we can find that the domain was registered in Belize. The address that’s listed belongs to a company called International Corporate Services.

International Corporate Services provides shell companies for folks in Belize, further raising red flags that were already there.

My Earnings is already off to an incredibly rocky start, but let’s take a look at what the company is offering to potential affiliates.

What Are The My Earnings Review Products?

In keeping with the trend of bad news, My Earnings does not have any sort of product line to speak of. Whenever product lines don’t exist, there’s no chance for retail sales, which results in any invested funds coming directly from affiliates. This is a huge problem and most of the opportunities I’ve looked at recently have no product at all, the one exception would be LuLaRoe (reviewed this week).

This is a common recipe that we see with most Ponzi schemes, but it isn’t all that surprising with the already shady background info that’s surrounding My Earnings.

What About The Compensation Plan For My Earnings Review?

When it comes to the company’s compensation plan, My Earnings utilizes a seven-tier matrix system. The matrices here are broken down into both 2 x 1 and 2 x 2 options. In order to get involved with the commission opportunities, affiliates are required to purchase positions in the cycle that go for $25 a pop.

In regards to the 2 x 1 matrix, the setup is rather simple. One single affiliate is placed at the top, and they then set out to recruit two additional affiliates. Once these two affiliates have been recruited, that matrix cycle is complete.

A 2 x 2 matrix also places on affiliate at the top of the system, and they also set out to fill two additional positions that are placed directly below them.

However, each of these two new additions then set out to enlist two more affiliates each. A total of six positions are made with the 2 x 2 setup, and once they have all been filled, the matrix is complete.

When it comes to earning the available commissions, affiliates must first completely fill all of the positions in their matrix. In regards to filling these positions, that is completed by having both new and existing affiliates purchase certain packages that My Earnings offers.

There are numerous types of commission levels to be earned with this particular system, and they work out in the following way –

  • The first tier is called Treasure Box. Treasure Box is tied to 2 x 1 matrices, and each position requires an investment of $25. A commission of $10 can be earned here, and then cycles into the Peal tier.
  • Pearl-tier affiliates are part of the 2 x 2 matrix cycle. A commission of $30 can be earned here, and creates both a new Pearl matrix, as well as a new matrix in the Topaz tier.
  • Speaking of the Topaz tier, affiliates in this spot stand to earn a commission of $60. Similarly, this both creates an additional Topaz matrix, as well as a Sapphire one.
  • Affiliates that are a part of the Sapphire matrix cycle will be able to earn a $100 commission, and the completion of this cycle generates an additional Sapphire matrix, as well as an Emerald one.
  • Emerald-tier affiliates have a shot at making a $160 commission, and a completed cycle at this level will create another Emerald matrix, as well as a new Ruby addition.
  • The Ruby tier is the second highest in the structure, and affiliates here are able to making a whopping commission of $600. Upon complete, a new Ruby and Diamond matrix are generated.
  • Affiliates max out at the Diamond tier, and the available commission is boosted all the way up to an amount of $4000. Additionally, completion of a cycle results in the creation of a new Diamond matrix.

When an affiliate is able to personally recruit a new member to join My Earnings, they will receive a referral commission. Additionally, My Earnings pays their affiliates a matching bonus when that same affiliate they initially recruited is able to cycle out of one of the various Matrix tiers that we explained above.

What’s The Cost Of Joining My Earnings Review?

Initially joining My Earnings is free, but if you want a shot at the commission opportunities that are available, you’ll need to invest a minimum of $25 for one position in the matrix system.

So, Is There A My Earnings Review Scam Going On?

So, like with all business opportunities, you will hear things around the internet about there being a My Earnings Review scam or something like that.

And from what you have read, you may also wonder if this is legit or a complete scam.

So, what’s the truth?

Is there a My Earnings Review scam going on or is this legit?

Well, to be honest, My Earnings Review is not really a proper scam or anything like that.

But there are some things to be aware of (see conclusion section).
That is how you will be successful.
See below for help with making money.

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Finally, My My Earnings Review Review And Conclusion!

You know Progmatic AdsPaid that we mentioned earlier? That past “opportunity” used both revenue sharing and a matrix-based Ponzi scheme during their time of operation before they collapsed. From what we’ve been able to tell, My Earnings is simply a reboot of the matrix side of Progmatic AdsPaid.

After investing just $25 for various positions in the matrix system, affiliates for My Earnings are told that they will earn a return on investment of $4960. If that sounds like it’s too good to be true, that’s because it is.

However, you won’t be investing just $25 to earn that $4960. Instead, you will need to invest $25 at least 199 times to get to that spot. And, as if that wasn’t high enough already, the actual number will more than likely be higher because of the nature of how matrix systems are filled.

Oh yeah, you know how we mentioned that My Earnings doesn’t have any sort of product line available? That becomes a huge issue when we look at the ROIs that the company is offering. The only source of income that My Earnings has comes from investments of its affiliates.

Existing affiliates are then paid off from money that other affiliates previously invested, thus creating for a classic Ponzi scheme.

Unfortunately, it gets worse from here. Because of the greater number of positions that are available within the matrix system, the only spots that will see any real revenue will be ones that are already filled by My Earnings’ unknown owner.

As a result, they will earn the majority of the money that is invested into the company. For the most part, anyone investing their cash into My Earnings will undoubtedly see a loss.

And, as with any Ponzi scheme that we review, it’s only a matter of time before My Earnings completely collapses. My Earnings only exists when new investments are being thrown in by new affiliates that are signing up for the matrix positions.

Once these new members stop joining, My Earnings will no longer have a steady flow of money coming in.

Existing affiliates will go to make a request to withdraw the money that they think they are entitled to, and they will be denied. Money will run out, the company will collapse, and the unknown person behind My Earnings will make off with most people’s cash they invested.

Sounds like a great opportunity, doesn’t it?

Hopefully, you have found my My Earnings Review Review useful.

I wanted to give a lot of details because there have been other review of My Earnings Review which were a bit thin on the detail side.

No matter what happens, if you really want to succeed with any business, you have to learn how to market properly.

And, my training below will help you do that and make money!

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