MyEcon Reviews 2021: Pyramid
Scheme or Legit Opportunity?

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By: Scam Risk - Expert Reviewer

As with any Network Marketing associate, myEcon sales people claim that they can show you the path to financial freedom with their MLM business opportunity and the training that they provide.

Well, that sounds awesome, right?

I mean who doesn’t want to be debt free and have financial freedom?

But I’m guessing you’re here because you’re just a little skeptical… maybe even a bit cynical. Perhaps you’ve been burned in the past by another bullshit MLM and you don’t want to go through that pain in the ass again.

Believe me, I understand. You want to learn more before you jump into something again.

So, let’s go over a few things…

We’re going to review myEcon to decide if it really is the best Network Marketing (MLM) company out there.

We’ll talk about whether Network Marketing (MLM) is the right online business for you. You can also go here to see the reasons that an overwhelming percentage of network marketers fail.

At the end, I’ll answer some of the most frequently asked questions regarding myEcon and Network Marketing in general.

And most importantly, I’ll show you the exact system I used to build my own internet marketing business to over $40,000 a month in mostly passive income.

This system made me swear off Network Marketing for good, because it uses some of the same skills in a much more powerful and profitable way!

Check Out This Simple Way To Run A Digital Real Estate Empire Online
With no:
This is so simple, it should be illegal.

Table of Contents

What Is myEcon About?

myEcon is a Multi-Level Marketing company headquartered in the United States. The full name of the “business opportunity” is actually MyEconomy.

They boast that they are able to show people who sign up with their program how to be a success in life. This is done by following the principles laid out in the “Income Shifting” membership package.

According to their company website, their CEO is a man named Larry Gates and it was founded back in 2005 by a fledgling group of investors and entrepreneurs.

But I did a little digging and found out that a man named Ivey Stokes is the actual founder of myEcon and has a net worth of over $700 Million. It just seems a little odd that their website doesn’t mention that.

Be that as it may, the products that are sold through the company range anywhere from health products to services that are designed to help you improve your credit score.

And, of course, their products are sold through a large network of “sales associates” and business opportunity seekers. However, most people who get involved with the company do so in order to start a work-from-home business.

On top of just selling their products, these sales associates are given the chance to sign up other people into the business opportunity as well.

The myEcon Product Line

Of course, when you’re taking a serious look at any “reputable” MLM, the one thing that you really need to consider about their product line. If you can’t really put your finger on what the company is actually selling, then you should high tail it out of there.

The things is…

The products of a company is it’s life’s blood. If the products are good and ethical, then you might have a winner and people may have a good chance of making money with it. However, if the products are second-rate, or perhaps even non-existent, then it’s really not worth your time because, for the most part, the only money that’s made is when people sign up other people into the company.

But from what I’ve seen, it looks as though myEcon does have real products and services that appear to be of decent value.

The crazy thing about the product line is the extent of the product line. I mean, on one end of the spectrum you can buy coffee and then on the other end you have Identity Theft Protection services.

Here’s a list of just of few of the products from myEcon:

  • Coffee Beans: $17-20 for a box
  • Smart Credit Repair System: $100 credit repair service
  • Identity Defender: $8-15 per month ID Theft Protection
  • Cashflow Manager: $20 per month cash flow management system
  • 750 Credit Monitoring: $24 per month bi-annually
  • Vitamin Supplements: Daily Ultimate for $37

You can see for yourself all the different products they offer and how they vary so widely.

Also, if you do decide to sign up with the company as a Marketing Directory, you are instantly approved for the Income Shifting Membership.

Basically all this does is help you in your journey to financial freedom by exploiting tax loopholes, and thereby increasing your income and acquire more assets.

When you take a hard look at the product line, I can’t really see anything that would lead me to believe that the products aren’t legitimate.

In the end, the only way to really know for sure if the products are legit is to try them first and see how they compare to other comparable products before joining the company

This way you can honestly sell stuff from a point of personal experience.

The myEcon Cashback Mall

Now this is something that I’ve haven’t come across before, and it’s something that could potentially save you quite a bit of money in the long run. For that matter, there’s another mlm company (Team National) that actually does the same thing.

OK, enough of the cliffhanger…

Cashback Mall gives you about a 5% discount on certain products that you can purchase at stores like WalMart and BestBuy.

The way it works is like this:

Since myEcon sells products through these companies via their affiliate program, myEcon earns a commission for everything they sell. But instead of keeping that commission for themselves, they pass that commission on to their recruits.

Now the commission rate is generally pretty low (usually under 5%). Also, it can take quite a bit of time for any of that money to be paid out the myEcon, so it could be a while before you see any of your rebates.

All in all, as long as you’re buying stuff that you would normally buy, this is a pretty neat idea.

The myEcon Compensation Plan

So how do you actually make money with myEcon?

The compensation plan has a handful of different ways in the business opportunity that company associates make money.

Unfortunately, you cant really find anything on the myEcon website about their official compensation plan. This I really don’t like because I would think that people would want to know this information going in rather than hearing first from a recruiter.

But I was able to dig up the information from a generally reliable source

Now, the following isn’t a full-throated endorsement of the compensation plan, but I did my best to break it down as well as I can.

Getting Started

You’ll need to find a sales associate for the company in order to sign up with myEcon. Typically, you’ll be using their personal company-sponsored website. After watching a few Youtube videos about the background of the company and listening to a few other associate testimonials, you’ll be sent to the associate sign up link.

After you click on the link, you’ll be taken to a page when you can sign up as a “Marketing Director” for the company.

The cost to sign up with the company as a Marketing Director is $34.95 per month with an initiation fee of $19.95.

When you finally get everything square away, you’ll get you personal website (which is really just a subsite of the company’s main website). You’ll use this in order to sell products and sign up other people. There’s also some training for you to go through at your leisure.

That training is called the Income Shifting Membership and it’s what everyone uses in order to be successful.

Now, as a Marketing Director, you also get the following perks:

  • Credit Education Services
  • Discount Travel & Corporate Perks
  • Income Shifting Strategy (already mentioned)
  • Free & Discount Legal Services
  • CashFlow Manager System
  • Identity Theft Protection

Frankly, for all that you get, this kinda sounds like a pretty good deal even if you don’t end up selling much. For that matter, the monthly fee is a lot less compared to other MLM programs I’ve seen.

Ways You Can Earn Money

There are THREE main ways you can earn within the myEcon compensation plan. In this section, I will explain these income streams and how they work.

1) Income Shifting Membership Sales

There’s pretty much just 3 ways in which you can make money with myEcon. In the next couple of section we’ll break down how the compensation plan works.

It’s imperative that you buy the membership for Income Shifting after you sign up in order to become a Marketing Director.

After doing this, You are then qualified to receive $10 for the first couple of referrals that you make as long as they purchase the Income Shifting Membership as well.

This commission is generally only paid out when new associates joining the program

After this, you’ll earn $35 every time someone that you signed up becomes a Marketing Director and every time you refer an MD.

Then, after your 3rd recruit signs up to become an MD, this will qualify you to become and EVP (Executive Vice President). With this, you’re able to create as many individual downlines in your organization as you like. And every person that you refer directly for as wide as you can go.

These are call Baseshop organizations which consists of as many direct referrals and those that they’ve recruited who haven’t yet become an EVP.

I know this sounds like a lot to take in, so don’t be concerned if you haven’t quite grasped the concept. Just keep in mind that you will earn $25 in commissions for every new MD in your organization for as deep as it goes.

A quick disclaimer though… if your retention rate falls below 80%, that is more than 20% of your recruits decide to quit the program, your commission rates will also go down.

2) Retailer Commissions

Your retailer commissions is based on every product and membership and entails a specific “commission volume” (CV). This CV is what all future commissions are based on.

Just to give you an idea. ID Defender costs $7.99, but you don’t make your commission on the full $7.99 since the commission volume for this product is $2. Consequently, any commissions you earn will come from that $2.

Of course the commission rates for all the different products will be different.

Now, if you become a Marketing Director, you’ll get paid 15% for all the products that your sell personally. And if you reach the Executive Vice President level, that commission will jump to 25%.

So let’s try to break this down…

If you sold ID Defender, you could earn anywhere from .30-.50 centers every month base on you specific level with the company.

…and it doesn’t stop there.

As an EVP, you’re able to earn 10% on any commissioned sales that are made within your MDs organizations and up to 17% on commissioned sales inside your “Generations”.

These generations are form after a referral within your organization reaches the level of EVP.

Now this is the beauty of the myEcon compensation structure… when any other referral (whether it’s yours personally, or within your organization) gets sponsored by a 1st generation associate and becomes an EVP, they become a 2nd generation referral to you.

This can go on in perpetuity.

3) Dream Team Residuals (DTR)

Based on your ranking, you will get paid a commission of up to $8 per month for any associate (in any generation) that has paid the monthly fee for their ISM account for more than 5 months.

Conclusion: Is myEcon a Legit Opportunity or a Scam?

From everything that I’ve researched about myEcon, I’d have to say that it’s legit.

Before you decide to get involved with any MLM or something similar, you should verify that you make money when you sell genuine products and services. This seems to be the case with myEcon.

No one wants to put in a lot of hard work into an MLM company just to see their efforts go up in smoke. And the best way to do this is by having retail customers that like the products that they’re buying from you.

There is also the opportunity to grow your myEcon business exponentially. You can certianly make a good deal of money selling these products as time goes on, especially if new products lines are added to your business.

Although, the success rate for people in MLMs is underwhelming to say the least.

Of course, not everything has a silver lining. There are a few things I didn’t like, but what can I say… nothing is perfect!

1st: There’s really no need to hide company information if everything is on the up-and-up. So information like who the real founder is and the compensation plan should be front and center on the company’s website. Also, any email sent requesting that information were met with silence.

2nd: For the most part, I’m generally skeptical about MLM companies that tout the latest and greatest vitamin products, face creams or nutritional bars and claim that they’re the best thing that’s happened to the Health and Wellness Industry with very little in empirical proof. I’m guess they do this for the “income opportunity”, but still, it makes me raise an eyebrow.

3rd: There’s no subtle way to say this… but the main way you make big money with any MLM company is when you sign up new recruits, not just from personally selling products. Of course, this is by design. For example, the Income Shifting Membership is only for people who want to become a Marketing Director. You can’t sell this product to the end-line consumer.

I’m not saying that myEcon is a scam, it’s just something to keep in mind as you’re doing your due diligence with the company.

Ultimately, it’s more your decision what you choose to do than it is mine.

I know this review may come off a little heavy-handed, but I just want to make sure that if you choose to, you go into this with your eyes wide open.

And even if you’re dead set on becoming a multi-level marketer, you’ve got way better options than myEcon.

But, when it comes to building a business, you have plenty of options.

Keep in mind, I don’t get paid to promote any of the programs I review. I personally think Multi-Level Marketing is a great business model, but you could end up leaving way too much money on the table.

From everything that I’ve researched about myEcon, I’d have to say that it’s legit.

Before you decide to get involved with any MLM or something similar, you should verify that you make money when you sell genuine products and services. This seems to be the case with myEcon.

No one wants to put in a lot of hard work into an MLM company just to see their efforts go up in smoke. And the best way to do this is by having retail customers that like the products that they’re buying from you.

There is also the opportunity to grow your myEcon business exponentially. You can certianly make a good deal of money selling these products as time goes on, especially if new products lines are added to your business.

Although, the success rate for people in MLMs is underwhelming to say the least.

Of course, not everything has a silver lining. There are a few things I didn’t like, but what can I say… nothing is perfect!

1st: There’s really no need to hide company information if everything is on the up-and-up. So information like who the real founder is and the compensation plan should be front and center on the company’s website. Also, any email sent requesting that information were met with silence.

2nd: For the most part, I’m generally skeptical about MLM companies that tout the latest and greatest vitamin products, face creams or nutritional bars and claim that they’re the best thing that’s happened to the Health and Wellness Industry with very little in empirical proof. I’m guess they do this for the “income opportunity”, but still, it makes me raise an eyebrow.

3rd: There’s no subtle way to say this… but the main way you make big money with any MLM company is when you sign up new recruits, not just from personally selling products. Of course, this is by design. For example, the Income Shifting Membership is only for people who want to become a Marketing Director. You can’t sell this product to the end-line consumer.

I’m not saying that myEcon is a scam, it’s just something to keep in mind as you’re doing your due diligence with the company.

Ultimately, it’s more your decision what you choose to do than it is mine.

I know this review may come off a little heavy-handed, but I just want to make sure that if you choose to, you go into this with your eyes wide open.

But, when it comes to building a business, you have plenty of options.

And even if you’re dead set on becoming a Multi-Level Marketer, you’ve got way better options than myEcon.

Keep in mind, I don’t get paid to promote any of the programs I review. I personally think Multi-Level Marketing is a great business model, but you could end up leaving way too much money on the table.

The Business Model We Recommend Instead Of myEcon... And It's Not Another MLM

Digital Real Estate:

This is a business model where you can set passive income assets that make real estate levels of rent each month without nearly all the headache.

But why is this recommended over myEcon in our mlm review?

It’s quite simple actually…this is a model that everyone can have massive success at!

Here Are Just A Couple Reasons Why It's Better Than The myEcon MLM Business:

  • You do not have to worry about sales parties during covid
  • You do not find a way to replace parties during covid for earning money
  • You do not have to worry about cooking
  • You do not have to worry about marketing emails for your company
  • You do not have to sell kitchen tools at a steep price
  • You do not have to be associated with berkshire hathaway

Frequently Asked Questions:

What Can You Do Easily With Digital Real Estate That You Can't Do Easily With myEcon?

  • You get to help small businesses by giving them a better opportunity to land jobs
  • You can easily earn full time money from home without having to sell marked up prices
  • You can easily throw a party without having to sell a product
  • Most people can build and rank a website
  • You can easily out earn any other mlm companies.

So What Is Digital Real Estate?

We are of course talking about local lead generation. It goes like this:

First you pick a city and niche and build a website.

But what kind of city…what kind of niche?

You want to build a website in a city with a decent sized population (50k+) with a fairly popular service in the area. Tree service would almost always work!

Next comes the money right? How does building and ranking a website for tree service translate into money?

Once your site is ranked at the top of google in your local area of choice, you will start receiving calls for people asking you to remove their trees.

Shocker right? We know.

These calls are called leads and they are extremely valuable. They’re like gold nuggets. 

But at the end of the day, they are products…your products that you own and acquired for free with just some basic SEO.

From here you are going to want to find a business owner in town to send your products to. Most business owners can’t get enough of leads and will have no problem taking the leads / products you offer.

How Much Should I Charge For My Digital Real Estate Products?

A tree service lead is worth anywhere from $50-$200 or 10% depending on the size of the job. That means if you have a website that gets just 10 calls a month…then you are adding $5,000-$20,000 to a bottom line for a business!

You yourself would be pocketing $500-$2,000 a month without having to lift a single finger, let the business owner take care of everything tree related. 

The best part about the digital real estate business is that once you rank a site…you don’t have to touch it! These digital assets require way less maintenance than the physical ones!

But what if a business doesn’t want to pay for my products my digital real estate produces?

We have lot’s of ideas for that one, but the easiest way to get them to buy from you…is to send them some free products.

Yep! Send them some free leads! A tree service company will get hit up by marketers all the time promising the world when in reality those guys don’t fulfill. 

What business owner would turn down free products / leads?

Offering the tree service company your free products will mean the world to them and build trust.

How Much Money Can I Make From Digital Real Estate?

Unlike myEcon where it will become hard to sell so much over time…digital real estate is literally infinitely scalable in comparison.

It takes maybe a day to put up one of these lead generation websites and only a couple months of solid backlinking to rank number 1 with leads in the door.

Let’s use that tree service example from earlier…if you had just 10 of these sites, you could be earning $5,000 to $20,000 a month!

We’re no geniuses but we’d be willing to bet that’s more than your 9-5, and a great way to more money in general at that.

Where Can I Learn Digital Real Estate?

There is a training course we recommend and have fully vetted personally to make sure it isn’t a scam. In fact, we’ve given it a 10/10 review because all kind of people have had success with this opportunity.

This training course and group will walk you through exactly how to build a digital real estate property and how to perform proper SEO so you can start generating some leads / products.

On top of that, you will get access to a Facebook group that can help you along the way if you get stuck. The people in that group are great company to have around and always willing to help! It’s like having an expert team in your back pocket!

MLM companies hate this training course because it actually teaches people how to make full time income from home without throwing a party!

But with the money you earn from taking this course, you can probably throw a party every night!

MLM companies like myEcon just can’t compete with this opportunity. 

You don’t have to worry about selling business tools, pc products, or any other mlm related products…all you have to do is focus on building an asset that produces a product all business owners need…

Leads.

Perhaps the best part of this course is that you can learn to build a asset with your pc from home that will actually be of benefit to other people and they will be a path to your door to get their hands on it.

So what do you say?

Want to learn more?

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