My24HourIncome -Is It A Scam? Reviews: My 24 Hour Income Review?
It is possible that you see the buzz of My24HourIncome around the internet and thought maybe you should join. Before joining, though, you figured you’d do a search and read some reviews to determine whether My 24 Hour Income is a legitimate income opportunity or just a revenue sharing scam like some of the others.
My24HourIncome’s domain name (“my24hourincome.com”) was registered on June 27th 2016 by Derek Burton out of Ontario, Canada. He is known as “Drew”, though, to us..
Drew Burton is obviously “the man with the plan” who had the idea for putting this program together.
I’ve seen Drew a lot in rev share industry doing videos and such – he is pretty popular and is pretty much at the top of whichever revenue share programs he gets involved in.
It is only a natural progression for a successful affiliate to figure out a way to advance him or herself. Drew figured he would try to start HIS OWN rev share opportunity instead of just promoting others (not having any control over whether they remain open, or not).
Many rev shares are not run properly and seem like scams to the general public – they can’t figure out a way to grow without bringing in new affiliates. So it is always a great indication of realness when somebody who is well-known as an affiliate comes out and says “hey, I have a better way to run a rev share company”. People are flocking to this opportunity because many already know, like, and trust him.
What Are My24HourIncome’s Products – If There Are Any
My 24 Hour Income offers ad packs to their affiliates – like all of the other revshare sites – but also offers members the ability to sell affiliate products through their back offices. This addition of affiliate products for sale is pretty much unheard of in the revenue sharing industry, as most sites typically only offer ad packs internally to their membership, and have literally no other retail products. My24HourIncome is going in the right direction to step-up the legalness of their opportunity.
It appears that the vast majority of revenue generated will come from member adpack purchases – this is NOT a bad thing. The problem is, the United States government sucks when it comes to deciding what is a classic ponzi scheme or not.
You see – the fact that it is adpack purchasing that makes the program progress, in itself, isn’t a problem.
The question to ask IS THIS: Does it require new members to come in and buy these adpacks.. or is it OK if the same members keep re-purchasing ad packs out of their commissions that they earn in the system?
You see – there is a BIG difference there. Needing Ad Packs to be bought isn’t the problem. It is the reliance on NEW people to buy them, that makes a program a ponzi.
When the world begins to understand that difference.. it will be a much nicer world here in the online space.
Let’s See The My 24 Hour Income Compensation Plan – Is It HOT?
My24HourIncome offers 3 different advertising packages as follows:
Adpack 1 (one)- Cost: $5
Matures at 110% at 1.8 to 3.8% daily cap. Gives 75 business directory ads, with 12% referral commission to your sponsor.
Adpack 2 (two) – Cost : $15
Matures at 115% at 1.8 to 3.8% daily cap. Gives 200 business directory ads, with 12% referral commission to your sponsor.
Adpack 3 (three) – Cost: $35
Matures at 120% at 1.8 to 3.8% daily cap. Gives 500 business directory ads, with 12% referral commission to your sponsor.
Adpack 4 (four) – Cost: $75
Matures at 130%. You can purchase unlimited. It gives you 1200 business directory ads, with 12% referral commission to your sponsor.
Conclusion Of My24HourIncome Rev Share Opportunity
Some of the other reviews I see online about My24 (this is what we call it, for short) are only written to drive traffic to some other website or program. They simply use a pattern and re-create almost the same “review” or “scam” keyword page so they can try to rank at the top of Google when people are only trying to learn more about the program.. not to be sent somewhere else..
My24HourIncome is MAJOR a step-up from almost all rev share opportunities, and I don’t see any red flags at all. This could easily be a long-term opportunity – the one you were looking for.
Although the biggest issue is that the My 24 Hour Income business model is considered a ponzi scheme by the SEC (Securities and Exchange Commission) still – it is only because they have YET to understand that nobody is getting “ripped-off” and that every single person was there to purchase advertising services and did NOT see it as an investment. Not only this – they are flat-out reminded of that on the page where you go to make your purchase of ad packs.
In the My24HourIncome FAQ’s, you can find the following question and answer:
Is my24hourincome.com considered a scam or Ponzi scheme or an Illegal online business?
“NO. Any program that claims a ROI but has NO PRODUCT IS A SCAM! But my24hourincome.com Advertising Platform
sells ADVERTISING SPACE! Just like a Billboard or a commercial on television. In order for any program to be legal, it is
required to supply a service and/or product to you, the member! Here at my24hourincome.com, we sell traffic which is
our basic product. All members that purchase ad packs will get Traffic exchange credits and guaranteed banner clicks.” – My24HourIncome
These people aren’t “investors” when they buy advertising services. On top of this, their profits are NOT funded through new “investor contributions” – so My24 does not operate as a classic Ponzi scheme.
Hello all members,
We inform you that as of now, withdrawals will only be open from Monday to Thursday. (4 days a week).
Fridays and weekends will be closed for withdrawals.
We did an emergency plan to be able to bring back our program to normal so we have to use a percentage of our reserve to generate a new income stream.
Therefore, we have to preserve the funds as much as possible to be able to get out from this delicate situation.
As decided before, we will only pay members who are not yet in profit and who did paid their memberships.
If you are a member in profit, please use your earnings to compound and be patient while we get back things to what it was before so we can pay you again.
Please inform your downlines about this new update.
Thank you for your understanding and your continuous support!