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MyInternetBusiness Review - Is My Internet Business A Scam Or Legitimate Business Opportunity?

By Brian McCoy

Republish: EasyPublish™
Published: 07Apr2008
Word count: 487
Viewed: 1516 time(s)

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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. These include your standard ebook libraries and software bundles. 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. While the 2up comp plan did need to be eliminated, the pay structure of My Internet Business is not as lucrative as some other high ticket programs.

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 present a challenge for their members in marketing the program.

If you are looking to earn a Substantial Online Income, visit Brian's Big Ticket To Wealth website. 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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