You are welcome to myEcon review. Can you make money with myEcon benefits and compensation plan? Is myEcon income shifting legit or a scam pyramid scheme? How does myEcon work?
It is good you are here to discover how myEcon works many other myEcon benefits and compensation plans.
Doing your research online will help you discover legitimate online business, and you will also learn how to avoid many scams.
I am not associated with this company; therefore, expect an unbiased review of myEcon.
Please read on.
Estimated reading time: 18 minutes
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myEcon MLM Jobs at a Glance
Company Name: myEcon
Product Type: Personal Finance MLM
Industry: Direct Sales (MLM)
Year Established: 2005
Headquarters: Gwinnett County, GA. USA
Founders: Alvin Curry and Ivey Stokes
Price: $19.95 one-time fee + $34.95 monthly fee (Additional product costs)
myEcon BBB Review: A+
My Rating: 15%
Recommended: No {Check Out my #1 Recommendation Online Business}
Summary of myEcon MLM Jobs Review
myEcon is a direct sales company that provides personal finance products and services to its members.
Members make money with the company as Marketing Directors by signing up and recruiting others to join.
My questions about myEcon are:
Can you make money with myEcon benefits and compensation plan? Is myEcon income shifting legit or another scam pyramid scheme?
Please know that myEcon is legit and not a pyramid scheme scam.
But it will be very difficult for you to make money with myEcon benefits and compensation plan.
Why is that conclusion?
The problem with myEcon is that the company is operating a business model called direct sales or popular known as multi-level marketing.
Yes, MLM is a popular business model, but it has been discovered that it is complicated to make money with any company that adopts this model of business.
Why It is Difficult to Make Money with myEcon
The President of Consumer Awareness Institute, i.e., Mr. Jon M. Taylor, carried out 20 years of research about over 600 direct sales companies.
He came up with a concussion that 99.7% of people that join direct sales companies will lose their money.
You can read Mr. Jon M Taylor’s two books, “Multi-level Marketing Unmasked” and “The Case (for and) against Multi-level Marketing.”
A book Sponsored by the AARP Foundation, “AARP Study of Multilevel Marketing,” also concluded that it would be challenging for anyone to make money with any direct sales company.
From the above two in-depth investigations of MLM businesses and from my experience from reviewing over 200 MLM companies. Only 0.3% of people that join direct sales company that will make money.
The 0.3% constitute the MLM company owners, the particular investors, and the early joiners who sit at the compensation plan’s top.
Note that the above applies to all MLM companies and not just myEcon.
I don’t recommend this program because there are cheaper and better alternatives to their products and services.
Those that don’t even need you to join an MLM company.
Another primary reason you may not make money with myEcon benefits and compensation plan is that there are cheaper and better alternatives to myEcon products online on Amazon.
These findings do not make myEcon a scam. The company is legit and not a pyramid scheme.
My Recommendation
Do you want to make money? I mean real money?
Then start affiliate marketing. You can easily set up your profitable online business with your website.
Also, you will partner with Amazon and any of the big eCommerce stores very fast.
You will be able to make money with thousands of companies instead of recruiting for one MLM company.
With your online business, you won’t need to be chasing your friends and family.
The power of SEO (Search Engine Optimization) will help you target people who want to purchase your products or services.
You landed on this platform because you want to make money with myEcon compensation plan; you don’t need to know me before I can pitch to you.
Affiliate marketing will help you to make money while you are sleeping.
You can learn all about affiliate marketing now. Start this affiliate marketing training today; level-1 with ten lessons is FREE to join. You don’t need your PayPal or Credit Card to start.
You can be making over $3,000 monthly in the next seven months of serious work. I went through that training in June 2016, and it changed my life forever.
Also, I now make money doing what I love most. I can now travel the world why working for myself. I.e., Making money online.
What do you think of my myEcon benefits review? Can you now make money with myEcon compensation plan?
Is myEcon income shifting legit or a scam pyramid scheme?
Keep reading to know how myEcon works.
What is myEcon, Inc?
myEcon, Inc. (stand for “My Economy”) is a personal finance direct sale company.
myEcon was established in 2005 by Ivey J Stokes and Alvin Curry with the company headquarters in Gwinnett County, Atlanta, Georgia. The USA.
Larry Gates is listed as the current CEO/COO of myEcon on the company’s website.
The objective of the company is to help members better their financial future.
The name myEcon stands for ‘My Economy,’ and the company prides itself on helping people improve their financial future.
The company’s vision is to empower each myEcon associate to take responsibility for their economy to attain financial success.
Members are taught how to make money by taking advantage of financial strategies and proper utilization of myEcon Income Shifting for membership.
myEcon has three core strategies that define them, they are:
- Minimize taxes.
- Generate business income.
- Accumulate assets and resources.
The company claimed to currently has over 50,000 distributors and independent associates.
What do you think of my myEcon MLM jobs review?
Can you make money with myEcon benefits and compensation plan?
Is the myEcon income shifting legit or another scam pyramid scheme financial strategies?
myEcon Product Lines
myEcon products range from financial education to wellness, health, and dietary supplements.
This company sells and promotes all kinds of products and services to make money.
Some of the company’s products line includes:
- ID Defender
- Cash Back Mall
- CashFlow Manager
- Coffees
- Credit Monitoring
- Health and Nutrition
- myCredit System
- Rent Reporting
- Roadside Assistance
- Travel
One of the product features that I love the one that has to do with the tax deduction.
Any business owners can use the tax deduction to qualify you for write-offs on your various lines of business that includes:
- cell phones
- travel
- personal vehicle
- internet access, etc
The product promised to teach business owners how to use the various information to their advantage to get substantial tax deductions back every year.
The myEcon Compensation Plan
You can make money with myEcon Compensation Plan in five ways.
Personal Sales
You make $100 for every of your direct myEcon Income Shifting Membership sales after your first referral conversion.
The implication is huge for you to make good money with myEcon compensation plan.
Just make ten myEcon Income Shifting Membership sales in a month and pocket $1,000.
How easy can that be for anyone?
Dream Team Residuals
You stand to make between $1 to $7, depending on your level on the myEcon compensation plan.
Also, you will earn a Dream Team Residuals Commission for every downline that subscribes to the monthly membership plan.
You will start enjoying this as soon as after your first myEcon Income Shifting Membership subscription.
Product Sales
Another way you can make money with myEcon compensation plan is via product sales.
Besides earning a CV (commission values) for every product sale, you stand to gain your travels, online cashback transactions, shopping, etc.
Retention Bonus
You also earn a $45 retention bonus every time you have three of your direct downlines.
Make first renewal payment for myEcon Income Shifting Membership as a marketing director.
The only condition is that you must get such sales after your 31 days as a marketing director.
Base Shop Overrides
You stand to earn $90 for every of your myEcon Income Shifting Membership sales from your downline (base shop) on a regular enrollment and sales of 99.95.
Your first rank as you join myEcon is called an associate.
You will become a Marketing Director after your first sale.
Below are other ranks you can target, but the CEO Infinity is the automate.
- Marketing Director
- Executive Vice President
- Exe – Vice President Gold
- Executive Vice President Platinum
- Exe – Vice President Infinity
- CEO Infinity
How to Join myEcon MLM Jobs
You can only join myEcon MLM jobs via their associates. You have to use their affiliate links to enter.
The cost to join and become the Marketing Director is a one-off set fee of $19.95 and monthly recurring fees of $34.95.
You will get a personalized and duplicated website (for promoting myEcon products and recruiting new members), access to some training, and myEcon Income Shifting Membership (ISM).
The myEcon Income Shifting Membership will give you access to training to help you become financially secure and prosperous.
As a Marketing Director, you will also have access to the following rank:
- Income Shifting Strategy
- Free & Discount Legal Services
- CashFlow Manager System
- Discount Travel & Corporate Perks
- Identity Theft Protection
- Credit Education Services
What do you think of the review of myEcon and joining process?
Can you make money with myEcon benefits and the compensation plan?
Is myEcon income Shifting legit or a scam pyramid scheme?
How Does myEcon Work?
myEcon is a direct sales personal financial education MLM company that allows you to manage your financial situation and debt and also helps you to save money.
You can also make money with myEcon by the side via recruitment as an associate.
You will get paid a commission when you contact anyone to join myEcon MLM jobs.
Also, you will get paid commission whenever you help sell any of their tools and services.
myEcon claims to help members increase their income.
They also give investment advice and education that involve some concepts and investment strategies.
As a distributor and myEcon associate, you will be a task to promote the various myEcon products and portfolio to make money with their compensation plan and myEcon benefits.
myEcon works such that you will also have the opportunity to build yourself a team while earning a commission on your referral in myEcon MLM jobs.
All myEcon associates learn to take advantage of myEcon income shifting that will help you to increase your cash flow while you restructure your income.
You will have access to resources and tools to help you in your recruiting process; such devices include the personalized website and software.
It is how myEcon works to help you make money.
What do you think of my myEcon compensation plan review?
Do you think you can make money with myEcon income shifting?
Is myEcon MLM jobs legit or a scam pyramid scheme?
How to Make Money with myEcon Compensation Plan
There are two significant ways to make money with myEcon compensation plan i.e.
Direct sales of myEcon products and services, and
Recruitment as a myEcon Associates
Retails Commissions
You will make money with myEcon on every product and service sold by you as an associate.
There is a CV (Commission values ) for every corresponding myEcon products and services.
The company determines the amount you earn via the CV of every product.
The amount of money you can make will depend on your rank and level on the myEcon compensation plan.
The commission value for every level differs from each other.
Recruitment Commissions
You will make money with myEcon compensation plan if you have recruitment talent and skills as soon as you join myEcon MLM jobs and become an associate.
You must purchase an Income Shifting Membership package (like a starter pack); this will qualify you to climb up the myEcon compensation plan to become Marketing Director (MD).
You will earn a $10 commission for your first two direct referrals that upgrade to the Income Shifting Membership package.
Also, you will be able to earn $35 for every of your direct referral after your first two direct recruitment.
You will also earn $25 for every recruitment made by your direct referral.
Dream Team Residuals
The dream team residual income is under the recruitment commission. You can only get paid if you have been purchasing the Income Shifting Membership for a minimum of five months consecutively.
The amount of money you can make with myEcon will be determined by your rank.
How Much Can You Make with myEcon MLM Jobs?
You already know how to make money with myEcon MLM jobs and the compensation plan.
But, how much money can you make with myEcon jobs?
To know the amount you can make with any MLM company, you need to access myEcon annual Income disclosure statement.
It is a public document that states the exact amount made by each level of compensation plan of any direct sales company.
The problem is that most companies are not transparent to put this document in the public domain.
myEcon Income disclosure statement is not in the public domain.
This is one red flag that indicates that the company does not want you to know that its members are losing money years after years.
I stated in my openings that most MLM members would not make money. In fact, according to years of research by Mr. Jon M Taylor, 99.7% of people that join MLM companies will lose their money.
Only 0.3% of people will make money. The 0.3% are:
- The direct sales company owner.
- The particular investors.
- The people at the top of the compensation plan.
Suppose you are joining myEcon MLM jobs. I can confirm that it will be very difficult for you to make money with myEcon benefits and compensation plan.
What do you think of the review of myEcon MLM jobs? Is myEcon income shifting legit or a scam and pyramid scheme?
myEcon Income Disclosure Statement
What is an income disclosure statement about?
Any company’s Income Disclosure Statement will provide figures of distributors’ real earnings according to their ranks in that company’s compensation plan, and it is usually annualized.
The Income Disclosure Statement shows the real claims that such a company may state or present as its distributors’ earnings.
It is always challenging for many direct sales companies to put out their Income Disclosure Statement.
Just like now, I can not find the myEcon Income Disclosure Statement anywhere online. It is an indication that the associates are not making money.
It is always essential for anyone who wants to join any direct sales company to check and look at the Income Disclosure Statement to see how the distributors are faring.
In this case, indeed, the management of myEcon is not ready to prove to the public that it is profitable to join myEcon MLM jobs.
It is no for me. Please do not join myEcon. Otherwise, you may lose all your money.
What do you think of my myEcon MLM jobs review? Is myEcon income shifting legit or a scam and pyramid scheme?
Can you make money with myEcon compensation plan and benefits?
Is myEcon Income Shifting Legal, Legit, or a Scam?
Is myEcon income shifting legal, legit, or a scan personal finance invasion?
Can you make money via myEcon income shifting strategies and plans? Is myEcon income shifting worth it?
What is myEcon income shifting?
myEcon income shifting will help members increase their cash flow in diverse ways with the myEcon income-shifting strategy.
You can generate cash flow in five ways with the myEcon income shifting strategies:
- Minimize Taxes
- Correct Tax Withholding,
- Business Income
- Debt Elimination, and
- Investing
What Is Income Shifting?
Income Shifting also refers to profit shifting and income splitting.
It is a tax planning technique and strategy that will help you transfer your income (or shifting your income) from a high to a low taxpayer’s bracket.
Also, it is used mainly to reduce the total tax burden by moving your income from a high to a low tax rate control or jurisdiction.
It is a process of exploiting rules and gaps in our tax laws to take advantage of your targeted jurisdiction’s lower tax rate.
You can use it to shift an unearned investment income from a parent to a child.
So, is myEcon income shifting legal, legit, or a scam?
Implementing myEcon income shifting can save thousands in taxes. It is possible to shift your income legitimately without violating laws.
Therefore, myEcon income shifting is perfectly legal if done correctly.
The problem is that you should avoid the unreasonable practice of myEcon income shifting. Otherwise, the IRS will be the flag of your way, and Big Sam can deal with anybody in this country.
myEcon Complaints
It Encourages Recruitment
You stand to make more money with myEcon compensation plans if you recruit more people to myEcon MLM jobs.
It is because the compensation plan is a model to reward a lot of recruitments.
Member will go after what to get when they go after compensation plan rewards.
This is why many people think myEcon is a pyramid scheme scam and not legit.
Many Up-Sells and Cost to Access Programs
Many other upsells and costs you stand to incur to access myEcon compensation plan’s effective programs.
You have to pay to get access to some of the personal financial services. Some are monthly subscriptions, while others are one-off payment access.
There Are Better and Cheaper Alternatives to myEcon.
Another myEcon complaint is that you don’t need to join such an MLM club to access their products and services.
Just search Google, Yahoo, and Bings. Other better programs offer cheaper fees to access.
You don’t even have to join any program to learn the rudiment of personal finance and manipulate and implement your finance income shifting.
There are many books you can buy online via Amazon stores that are cheap and straightforward.
Myron BBB Review Rating is “A+”
The MyEcon Better Business Bureau review rating is A+.
What does that imply? The A+ rating means that MyEcon has excellent customer service and feedback.
It implies that MyEcon disputes and issues are getting resolve timely.
The MyEcon was accredited by BBB on 22 November 2018.
What is the difference between MyEcon BBB accreditation and ratings?
A company is said to be BBB accredited when they put resources and tools always to resolve customer disputes.
When those resources and tools are inspected and certified okay, then the company is said to have been accredited.
It also goes with the payment of specific fees to the BBB for their certification.
What do you think of my MyEcon benefits review?
Does Myron review ratings and accreditation make the company legit and not a pyramid scheme scam?
Can you make money with the MyEcon income shifting and compensation plan?
Is myEcon a Pyramid Scheme?
Okay, myEcon is legit and not a scam pyramid scheme.
Why are people mistaken MLM companies to be a pyramid scheme?
Is it because of the recruitment?
Yes, you have to recruit people to make money with myEcon compensation plan and benefits.
But yet, myEcon is not a pyramid scheme.
What is a pyramid scheme instead?
A pyramid scheme is a fraudulent process and way of making money by recruiting others for an investment opportunity.
The money you will make is a commission that is from fees paid by the person you recruit.
Everyone you recruit must also recruit others to earn a commission from the fee paid by people they refer.
Hence recruitment is unending in any pyramid scheme. Also, there is no product and real services in a pyramid scheme business.
Please know that the pyramid scheme is illegal and a crime in the USA and many countries.
I hope you have now seen why myEcon is not a pyramid scheme.
myEcon has real products and services.
Yes, there is recruitment in myEcon, but you can only make money from the standard earn by your referral.
What do you think of my myEcon benefits review?
Can you make money with myEcon compensation plan?
Is myEcon income shifting legit or a scam and pyramid scheme?
Is myEcon a Legit or a Scam?
myEcon is legit and not a scam pyramid scheme.
Though Myron is a legitimate company, I am not going to recommend it to you.
Why is that?
Must you have read the summary of the MyEcon review above?
It will be very difficult for you to make money with the MyEcon compensation plan and benefits.
You have to do a lot of recruitment to make money with MyEcon benefits, and there is a better alternative of the company products on Amazon and other eCommerce stores.
There are many better personal finance programs and books that you can opt for without recruitment and no payment of a monthly recurring fee.
If making money is the reason for joining, you can start your online finance business with Wealthy Affiliate marketing training.
What do you think of my review of MyEcon benefits?
Do you still want to make money with the MyEcon compensation plan?
Is MyEcon legit or a scam and pyramid scheme?
How Do I Cancel myEcon Membership?
Your myEcon membership can be terminated and cancel at any time.
Just place a call to The Toll-Free Number that stated on the “Your Membership Welcome Materials.”
You can also forward your cancellation mails in writing to P.O. BOX 1559 PONTE VEDRA BEACH, FL 32004.
Is myEcon MLM Jobs Worth It?
Thanks for reading the review of myEcon MLM Jobs. Can you now make money with myEcon benefits and the compensation plan?
Is myEcon income shifting legal, legit, or a scam pyramid scheme?
What is your take about how myEcon works?
My take is this.
myEcon MLM jobs are legit, legal, and not a scam pyramid scheme.
The problem with all direct sales companies is that it is tough to make money.
The difficulty is due to the company’s direct sales business model that favors the owners, the investors, and those at the top of the compensation plan.
Also, know that over 99.7% of people that join direct sales companies will lose their money. That is what the findings have shown.
It is the reason I recommended in my first few paragraphs that you start affiliate marketing.
Please learn more on how to start your free affiliate marketing training here.
What do you think of my myEcon MLM jobs review? Can you make money with myEcon benefits and the compensation plan?
Is myEcon income shifting legal, legit, or a scam and pyramid scheme?
You now know how myEcon works. What do you think of the myEcon process and how it works?
I will love to read your take.
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