Is My Net Wealth Team a Scam ?
My Net Wealth Team is another one time payment matrix. Have we another scam on our hands ? Not likely, just yet another matrix in the sea of matrix opportunities available on the internet.
My Net Wealth Team is probably best compared with Work For $3 (WF3D). They are most similar in their construction, but of course in order to be "different" My Net Wealth Team have done some new things that I haven't seen before, but really to me are just a bunch of smoke and mirrors.
My Net Wealth Team start off with a very true analysis of how matrix programs work. My Net Wealth Team point out all the flaws in matrix programs. They talk about the drop out rates of monthly payment matrixes (I agree) and how many people are required to fill a matrix (I agree) and also how most matrixes have the higher paying levels so far away you can rarely ever reach them (I agree) which is done on purpose to make the matrix owner more money.
Well guess what ? You are in luck ! My Net Wealth Team has solved all these problems ! Or have they ?
My Net Wealth Team has interestingly created a matrix whereby everyone automatically purchases 13 positions at once for the $15. Perhaps My Net Wealth Team believe that by seeing your matrix positions grow by 13 each time instead of by 1 you will think the My Net Wealth Team matrix is incredibly amazing ?
However, all I can see is smoke and mirrors. My Net Wealth Team show a payout of $0.25 for every position on every level. So at least they haven't put the higher paying levels down at the bottom which they criticise in their page. But My Net Wealth Team's buying 13 positions at once offers no advantage than if they just bought 1 position and multiplied the commissions by 13.
So from what I can see when you join My Net Wealth Team for $15, each referral you get will earn you $0.25x13 = $3.25. Why not just make the same matrix with one position purchased and pay $3.25 for each referral on each level ? The only reason I can think of is My Net Wealth Team believe by seeing 13 positions fill each time it will give you the impression that your matrix is filling faster. But to me that's just like giving a child 100 pennies instead of $1 and he will think he has more money. See what I mean ?
However there are a few things about My Net Wealth Team that I don't like which will prevent me from joining. It appears your first $15 is withheld for their advertising fund. Granted, this fund is used to continue to build the My Net Wealth Team matrix and hopefully provide spillover for you. But that means you won't see any money until you cross the $15 in commissions point. This is not the case with Work For $3 (WF3D) whereby you see a commission right from your very first referral.
Further "After you have $30, $100, $150 and $200 in earnings from each of your 13 positions, you are required to buy more positions in the phase one matrix.". I don't like being "required" to do anything. All that is happening here is you are being forced to use your profits to re-fund the My Net Wealth Team matrix to give the impression that it's growing. Again more smoke and mirrors.
Due to this "requirement" it would take me a long time to sit down and calculate what actual profit you can expect to get from My Net Wealth Team. But from this information alone I can already see that Work For $3 (WF3D) is better.
First of all Work For $3 (WF3D) only require 2 direct referrals or 3 indirect (ie spillover) to have your intial $3 back. Compare that to My Net Wealth Team where you need 4.6 people (ie 5) in order to recover your intial $15. However, don't forget you don't get to keep that $15 as it goes into the advertising fund so really you need 9 people to get back your $15. Already from this point of view Work For $3 (WF3D) is better.
Let's take the My Net Wealth Team business model and apply it to Work For $3 (WF3D) and see what we come up with.
If you were to purchase 13 positions in Work For $3 (WF3D) it would cost you $3 + $0.40 alertpay fee x 13 = $44.20. However you would recieve back a bunch of commissions from those positions giving you back $19.08 which means your out of pocket expense is $25.12. Granted this is more than the $15 My Net Wealth Team cost but let's see if its worth it.
Now that you have 13 positions in Work For $3 (WF3D) your commissions for each referral has increased to at least $0.80, but we have to apply the 13 position principle here i.e. everyone is buying 13 positions. In this scenario your first 9 referrals will pay you a total commission of $1.24 each for just 1 position. But we need to apply the 13 position purchasing rule which means your first 9 referrals will pay you $1 + $0.50 personal referral bonus + $0.24 + 12 positions x$0.12 = $3.18 total commission for your first 9 referrals ONLY. After that your commission will be for each referral is $0.80 + $0.10 (minimum) x 12 = $2.
In this scenario therefore, your $25.12 intial Work For $3 (WF3D) investment will be returned to you after 7.89 (8) direct referrals, whereas you need 9 with My Net Wealth Team.
But then we need to take into account that ALL the commissions you will recieve from Work For $3 (WF3D) will be yours to keep forever. You will never be "required" to use that money to buy more positions in your matrix.
The only benefit I can see that My Net Wealth Team offer over Work For $3 (WF3D) is the chance of company spillover. I personally have not recieved any spillover from my upline or the company in Work For $3 (WF3D), however I have PROVIDED over 80 spillovers within 3 months so my downline members are certainly benefiting from my efforts.
So you need to ask yourself how much spillover will I get from My Net Wealth Team ? This is an impossible question to answer. Perhaps I will join just to see the answer to this question, but I certainly won't be promoting it actively as it's no where near as good as Work For $3 (WF3D) when compared with bang for buck. If you just look at this basic info
Number of downline members to re-coup intial investment
Work For $3 (WF3D) = 2 direct, or 3 spillover
My Net Wealth Team = 9 (actually its 4.6 but don't forget that first $15 goes to My Net Wealth Team's advertising fund)
% Commission per referral
Work For $3 (WF3D) = 2.9% for spillovers and 17.6% MINIMUM for direct referrals (your first referrals are worth almost 50%)
My Net Wealth Team = 21.6% regardless of spillover or direct. But this doesn't take into account the money you are "required" to put back into the company so it's too difficult to give an accurate figure. The accurate overall figure is definitely smaller than 21.6%. Therefore I am confident My Net Wealth Team give better spillover % return, but I doubt they are better than Work For $3 (WF3D) personal referral 17.6% return when taking into consideration the money you are "required" to pump back into My Net Wealth Team's matrix.
The Maximum you can make from the matrix
Work For $3 (WF3D) = $2,566,863.30 = 754,959% (this is the minimum. This doesn't take into account the $0.50 bonus for each referral)
My Net Wealth Team = $31,980 = 2,132%
You can see that Work For $3 (WF3D) gives an obvious higher potential return on investment compared to My Net Wealth Team. It also provides a higher potential income (ie over 2 million dollars !!!) as the Work For $3 (WF3D) matrix is 15 levels deep compared to My Net Wealth Team's 8 levels. Work For $3 (WF3D) has almost DOUBLE the depth.
So it's up to you. Overall I think Work For $3 (WF3D) is the better choice, however I would have to say if you plan to do NO MARKETING WHATSOEVER then My Net Wealth Team is possibly better due to the fact that your upline members are "required" to buy more and more positions as time goes on, thereby eventually giving you spillover.
In summary I can by no means say that My Net Wealth Team is a scam, but they certainly have more smoke and mirrors than some of the other programs.
Like I say I might join My Net Wealth Team just out of curiousity to see how the spillover rates fare, but in the meantime if you are a My Net Wealth Team member already I would love to hear your story first hand, good or bad.
Please send your info to mynetwealthteam@business-opportunities-reviewed.com
