MyMoneyIndustry gives no info on their web site about who owns or runs the enterprise.
MyMoneyIndustry’s web site area (“mymoneyindustry.com”) was privately registered on January ninth, 2020.
Solely the city Blackpool and Nation Nice Britain are seen within the registration. These is likely to be bogus particulars nevertheless, because the MyMoneyIndustry’s area was registered by a Malaysian registrar.
A company tackle in Singapore is supplied on MyMoneyIndustry’s web site. Additional analysis nevertheless reveals this belongs to digital workplace supplier MEA Enterprise Consultancy.
As all the time, if an MLM firm is just not overtly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
MyMoneyIndustry’s Merchandise
MyMoneyIndustry has no retailable services or products, with associates solely in a position to market MyMoneyIndustry affiliate membership itself.
MyMoneyIndustry’s Compensation Plan
MyMoneyIndustry associates buy positions in a five-tier 3×2 matrix cycler.
A 3×2 matrix locations an affiliate on the prime of a matrix, with three positions instantly beneath them:
(3xx matrix)
These three positions kind the primary degree of the matrix. The second degree of the matrix is generated by splitting these first three positions into one other three positions every (9 positions).
Positions within the matrix are crammed as newly recruited and current MyMoneyIndustry associates buy new positions.
As soon as all 9 positions in a matrix are crammed, a cycle fee is paid out and the place on the prime of the matrix cycles into the following tier.
Cycle commissions throughout all 5 MyMoneyIndustry’s cycler tiers are as follows:
- N1 (positions value $22) – $40 cycle fee and cycles into N2
- N2 – $128 cycle fee and cycles into N3
- N3 – $540 cycle fee and cycles into N4
- N4 – $2560 cycle fee and cycles into N5
- N5 – $74,580 cycle fee
Referral Commissions
When a MyMoneyIndustry affiliate purchases a cycler place or cycles into a better tier, the affiliate who recruited them receives a referral fee.
- N1 cycler place buy = $7 referral fee
- N2 cycle = $32 referral fee
- N3 cycle = $160 referral fee
- N4 cycle = $840 referral fee
- N5 cycle = $4520 referral fee
Promoting Commissions
MyMoneyIndustry permits associates to buy advert credit. These credit can be utilized to show promoting to different MyMoneyIndustry associates.
If a MyMoneyIndustry affiliate purchases advert credit, the affiliate who recruited them receives a 20% fee.
Becoming a member of MyMoneyIndustry
MyMoneyIndustry affiliate membership is free.
Participation within the hooked up earnings alternative nevertheless requires a minimal $22 cycler place buy.
After biking out of N5, extra cycler place purchases are required to proceed incomes.
Conclusion
MyMoneyIndustry is an easy sufficient cycler, you make investments $22 within the hopes of withdrawing over $70,000.
This cash is sourced from subsequently place purchases, satisfying the Ponzi aspect of all cyclers.
Referral commissions add a further pyramid layer to the scheme, as with out fixed recruitment MyMoneyIndustry collapses (current associates are solely going to buy so many positions).
When a Ponzi cycler collapses, losses are magnified owing to funds being trapped in stalled matrices.
MyMoneyIndustry’s nameless admin(s) maintain this cash. This mixed with preloaded admin positions ensures MyMoneyIndustry’s nameless admin(s) obtain nearly all of invested funds.
Other than just a few early adopters and heavy recruiters, everybody else loses out.