Welcome to my “Is MyEcon A Scam?” Review!
“Attention, Are You Looking For More Information On MyEcon? You Are In The Right Place!”
As we all know, “Time Management is Life Management”! Next to Time Management Finance Management plays a vital role in our life.
Choose Freedom, Live Your Dreams, Grow Your Income, Build Great Credit and Eliminate Debt – MyEcon.
By enhancing financial education, improving Cashflow, increasing credit score and building significant wealth, MyEcon promising you to help you in your Financial Freedom.
Sounds great right? Let us find out, Is MyEcon the Solution For Your Financial Problems?
MyEcon Review Summary
Product Name: MyEcon
Creators: Larry Gates (CEO), no specific information about the owners (more on this later)
Launch Date: 2005
Product Type: Personal Finance Services – MLM – Direct Sales Industry
Price: Setup Fee of $19.95 (One Time Fee) + $34.95 Per Month + Products Costs
Best for: People who are interested in MLM and promoting products related to personal finance
Summary: This is a MLM company which promotes personal finance products along with some other products and promising to help you in wealth creation
Is MyEcon Legit Or Scam? Legit
Is MyEcon Recommended? No
Personally, I am not a big fan of MLM but I do agree MLM is a great concept and there are some genuine MLM companies.
Unfortunately, many companies misused this MLM concept as a result nowadays people are afraid of MLM’s.
You might be aware it is really challenging to promote MLM products. One of the downside of MLM is we need to chase people and recruit them.
Normally, with MLM we start promoting those MLM products first to our friends and family members when the company is not legit and when the product is not adding value to them (buyers) we lose relationships or it will create problems.
So, you need to be very careful in promoting MLM products.
Anyone can build an online business from home by using my FREE make money online Guide, because it shows you how to turn your Interest into Income.
One Important Thing I Noticed On The Review Posts
I do appreciate you for your time and research on MyEcon that’s the best way to stay away from scams and products which under-delivers.
Unfortunately, realizing people check reviews before buying products some review products are biased. Their main intention is to promote the product or service by writing a positive or good review.
For your kind information I am not a MyEcon Affiliate, I am in no way associated with MyEcon and I am not trying to sell MyEcon service or products to you.
All I am trying to do is, provide you with additional information on MyEcon and share my honest opinion.
I would like to introduce you to my FREE GUIDE “A Beginners Guide To Making Money Online – Be Your Own Boss!“. Anyone can build an online business from home by using my FREE make money online Guide, because it shows you how to turn your Passion into Profits.
What Is MyEcon?
MyEcon is a MLM company started in 2005. MyEcon stands for My Economy. In their sales page they claim it as A debt Free Technology Driven Company.
They are based in Atlanta, GA, USA. They are claiming that they are Leader in Personal Financial education industry. Taxes, Credit, Debt, and Investing.
Who’s Behind MyEcon?
It is always advisable to check on the company history and about the creators or owners before joining.
In the MyEcon Website they don’t share about the owners details however, doing some research online I found the below details…
A company called Maxxis Group Inc has been declared as bankruptcy few years before.
Alvin Curry and Ivey Stokes are the founders of Maxxis Group Inc and they are the founders of MyEcon.
What Are The Products Offered By MyEcon?
Below are the Ancillary Services and products offered by MyEcon.
- ID Defender – Protects you from ID theft.
- CashFlow Manager – App to record, organize and store all of your business and personal financial transactions.
- MyCredit System – It’s a financial literacy program designed to increase your financial skills in the subject of credit and debt.
- Travel – Save on your hotel, flight, rental cars etc., (Comparison sites to find best deals).
- Health & Nutrition – Health & Nutrition Products.
- Credit Monitoring – Help in monitoring, creating and maintaining a good credit profile and score.
- Coffees – T’Amo Café Coffee and Nuvia Trim coffee.
- Cash Back Mall – In addition to saving money shopping online, you get up to 30% CashBack on all your purchases when shopping on the myEcon CashBack Mall.
- Roadside Assistance – Help in Unexpected road emergencies.
How Much Is The Cost Of The Products Offered By MyEcon?
- ID Defender – $8.99 per individual or $14.95 per family (up to 5 members) per month.
- CashFlow Manager – Two versions 1.simple version for $10.95 per month 2. Pro version for $19.95 per month.
- MyCredit System – $99 one-time payment.
- Travel – Save on your hotel, flight, rental cars etc., (Comparison sites to find best deals).
- Health & Nutrition – Health & Nutrition Products (Find the price below).
- Credit Monitoring – $23.95 Every 6 months.
- Coffees – T’Amo Café Coffee and Nuvia Trim coffee (Find the price below).
- Cash Back Mall – $12.95 Per Year.
- Roadside Assistance – $7.99 per month.
Health and Nutrition
They offer 3 products…
- Daily Ultimate – Daily Ultimate 32 fl oz Bottle ($36.95 – 1 Bottle, $89.95 – 3 Bottles and $329.95 – 12 Bottles)
- Body One MSM Capsules – 90 Capsules per bottle – ($19.95 – 1 Bottle, $49.95 – 3 Bottles and $179.95 – 12 Bottles)
- Body One MSM Lotion – $24.95 – (2 – 10 fl oz bottles)
- T’Amo Café Coffee – Black Coffee ($16.49 – 1 Box, $40.49 – 3 Boxes and $127.99 – 12 Boxes)
- Nuvia Trim coffee – ($19.99 – 1 Box, $50.99 – 3 Boxes and $169.99 – 12 Boxes)
How MyEcon Works?
First you need to register with MyEcon as a Marketing Director by paying a one-time fee of $19.95 with a recurring fee of $34.95 per month.
After becoming a Marketing Director you start selling MyEcon products and you can promote MyEcon Financial services.
What Is The Compensation Plan Of MyEcon?
There is no much details on the Compensation plan in their website after becoming a member you are given the compensation plan details.
I am wondering why the creators details is not available and why the compensation plan is also not available before sign up.
By doing some research I got you the below the information. And to be honest their compensation plan is confusing for me and it’s not straight forward.
The below video will provide you more detailed information on the MyEcon compensation plan…………..
Pro’s and Con’s
→ Online since 2005
→ Some helpful education on Financial Management
→ No Free Trial
→ Before becoming their associate you can’t find the details on the compensation plan
→ Past History (Maxxis Group Inc, bankruptcy)
→ Confusing Compensation plan
→ Services offered by MyEcon can be found at a cheaper and at better price.
They also claim in their sales video “Enroll Today and begin making and saving money Immediately!”. Making Money Today?????
Based on my experience in order to make money it will take time and effort. We should not mislead customers stating you will make money immediately or today itself (It might be possible for few but not for everyone).
Who’s MyEcon For?
People who are interested in MLM and promoting products related to personal finance.
How Much It Will Cost To Join MyEcon?
First you need to pay the Setup Fee of $19.95 which is a one time fee and then you need to pay $34.95 per month to keep your Membership active and on top of this you need to pay for the products and services.
How Much Can I Make With MyEcon?
There are two ways to earn money with MyEcon.
- Income Shifting Membership Sales
- Retailer Commissions
It depends on mainly how much people you recruit and how many products you sell.
As I mentioned before this is not going to be easy because some services and offers you find with MyEcon can be found with a cheaper rates.
Normally, with the MLM companies people on the top make more money and in order to make more money you need to recruit more people.
Are you ready to recruit more people to this MLM company?
Is MyEcon A Scam?
No, MyEcon is not a scam. They are in the market since 2005 and offering products and services.
Focusing more on recruiting people, offering services at a higher price (which can be found at cheaper rate), past history of the founders etc., are my concerns.
So I am not recommending this product to you.
Based on my personal experience it is really challenging to earn money with MLM company without a big team. I have tried few MLM companies so I am just sharing my own experience with you.
Compared to MLM, I strongly believe Affiliate Marketing will be a better option if you are serious about earning money online.
What I Recommend?
There are 1000’s of programs and products claiming that they can help you in earning money. Not all of them are genuine and you cannot try every product.
You need to choose the best one for you and often you might come across some products which might sound great. This is called as Shiny Object Syndrome.
In order to succeed I would advise you to build your own online business, love what you do i.e., turn your passion into your profits.
I am recommending and sharing the method which I tried and which helped me to become a full-time blogger and Affiliate Marketer.
The truth is, not all the programs are scams, there are genuine training platforms available, 1000’s of people are making a living by working online from their home and the final truth is YOU can also do it.
I have revealed in more detail about the method which helped me to become a full-time Affiliate Marketer and how YOU too can do it in my FREE Guide.
I want to share what I found so you can build the online business of your dreams too!
“Affiliate Marketing has made Businesses Millions & Ordinary People Millionaires.” – Bo Bennett
If you are interested in learning Affiliate Marketing…
Need help with anything I discussed here on Is MyEcon A Scam? – [Is MyEcon The Solution For Your Financial Problems?]
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