Is MyEcon Legit or Just Another Scam?
MyEcon is a direct sales company that promises to help people to achieve financial success. The question everyone would like to know before joining is whether or not it’s legit or if it’s just another scam. We know that you want to make the best decisions before investing your time and energy into something. That’s why we’ve done all of the research to find out the truth as to whether or not MyEcon is worth your time.
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MyEcon is a multi-level marketing company that is in the credit repair niche. The name of the company is short for “My Economy” and its goal is to help families to become financially successful. They do this by providing the tools and resources to assist people with becoming debt-free and building positive cash flow. The company is currently run by CEO Larry Gates and Co-CEO Carliss Curry.
The products offered by MyEcon are sold by independent sellers in a direct sales approach. There are many different products to choose from, with the bulk of them being in the financial services sector.
When Did MyEcon Start?
MyEcon was founded in 2005 and is owned by a person named Ivey Stokes who has a net worth of $700 million. The company headquarters are in Georgia.
What Is MyEcon All About?
For people looking to start a work-from-home business, MyEcon offers a lot of appeal. With network marketing, many people who are looking to set their own hours and have more control over what they earn are drawn to this business model. MyEcon is set up as a network marketing company with an array of products to help people and families become successful.
Some of the products include:
- ID Defender
- Credit Monitoring
- Cash Flow Manager
- Smart Credit Repair System
- Cash Back Mall
- Book Travel
- Road Assure
- Health & Nutrition
Not all of the products are included in the membership as some products do incur an additional charge. The seller will get up to 30% in commissions from their members and team who purchased the myEcon products from them.
Does It Cost To Start With MyEcon?
Starting with MyEcon as an Independent Associate will cost $39.95 while an Elite Business membership is priced at $299.95.
How Much Can You Earn With MyEcon?
MyEcon has a specific compensation plan that determines how much you will earn depending on which level you are at with the company. They use a uni-level pay system and a seller is promoted to EVP level when they enroll 2 members and sell $200 of personal products.
Is MyEcon Worth Your Time?
Ultimately, you will be wanting to know whether or not MyEcon is worth your time. As many people know, network marketing can yield a lot of success for some people while others have a difficult time making progress in this field. MyEcon is a network marketing company that has upfront costs like most MLM companies. Their company has many different products, however, many of them can be found for a lower price from other brands. Take a look at our pros and cons to see whether or not MyEcon is worth your time.
- The program can be used to gain improvement in personal finances
- The company is a legitimate one with actual products
- Money can be made in the program with the right approach
- There is no guarantee of success when joining the program
- There are upfront costs associated with joining the program
- You will need to properly train and motivate your downline in order to maximize earnings
What Others Are Saying About MyEcon?
“I signed up as a MyEcon associate in January. I paid $27.95 in order to do this. I also paid a recurring $34.95 monthly fee in February. In the time I spent working with the group, I felt that this offer was really just a scam without much prospect of making any considerable money. Their compensation plan is very difficult to understand and most of the prospects I attempted to market their services to immediately recognized it as a scam.”
Another user wrote;
“myEcon’s low cost, high value, digital platform provides amazing results for clients in credit repair, debt elimination, financial education, and affiliate income. I earned over six figures in my first few months and my income and affiliate team continues to grow every day.” -MyEcon seller
Click Here, to read more real user experiences!
Our Conclusion For MyEcon:
MyEcon is definitely a network marketing company that offers a wide range of different products. From coffee to credit repair, it looks like you can have many different products to sell which can offer multiple ways of making money. However, like many MLM companies, not everyone can be successful here. It’s best to take caution when choosing this route for online income as it can take many months if not years before you can make this a full-time business.
Do you have a different opinion or experience than our MyEcon Review? If so, we definitely want to hear about it! Leave your comments below and be sure to check back often for more informative reviews on work from home opportunities.
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