MonaVie takes the approach that when you offer people a drink, you are showing them you care. It is up to them to decide how well they like it. You may remember Sam I Am from the Dr. Seuss classic Green Eggs and Ham who insists, "Try them and you may, I say." Some who tried this acai-based liquid do not care for the taste, while others enjoy it. So if you are giving away samples, which cost you $40 as a distributor, you are taking a calculated risk. Hopefully enough people will like it to want to buy it. But buying it is expensive, with each bottle retailing for $40, and a month's supply of four bottles costing $180. This is probably why a large percentage of distributors don't last in this MLM business. Selling such an expensive nutritional supplement is not always easy, especially if you are new to network marketing.
Once you are sold on the product, the 20% discount that distributors receive may help persuade you to sign up. But the discount might not add up to a good deal if you don't sell MonaVie to others. Furthermore, the binary compensation plan means you have to work to balance the results of your sales recruits in order to share more of the company's profits. If one side of your team sells $900 of product and the other side $2700, you make 50% of the lesser volume, which would be only $450. Once you balanced the sides and had two legs making $2700 each, your cut of the profits would jump to $1400. With this kind of compensation, the company is trying to reward you for and motivate you to produce high sales volumes. But when a distributor is trying to build up their team, the commissions may be disappointing. In fact, it has been reported that only 10% of the company's distributors continue their efforts beyond three months.
Despite the naysayers, most people who have tried this fruit-based supplement agree that it is a quality product. Where some get hung up is the price and the marketing structure that the company uses to sell the product and the business opportunity. The prevailing advice is to go for this opportunity if you truly believe in the product and have some networking experience behind you. Otherwise you may find you've just bought lots of expensive juice. Hope that it does your physical health some good, since without mastering network marketing, your financial well-being is not very likely to benefit.
The Company
Darren Gaudry, the founder and CEO of Passport To Wealth, along with some other expert marketers have developed this new business system. With a launch date of April 1, 2008, My Internet Business was offered exclusively to the members of Passport To Wealth during its pre-launch. The members of Passport To Wealth were given a discounted membership rate to enroll during the pre-launch period. Although the two companies are separate, MyInternetBusiness does appear to just be an updated, revised takeoff of Passport To Wealth.
The Products
The My Internet Business product line appears to be the same general fare offered by other high ticket programs. Included are the traditional library of ebooks and bundles of software. Unfortunately, they do not appear to have any new, real proprietary products. This is unfortunate for their distributors as that is what the market is demanding, unique, one of a kind products.
Cost To Join And Compensation Plan
There are 4 different options to join the company at:
* Bronze Level - $495 to join, $300 for direct sales, $100 for overrides
* Silver Level - $995 to join, $700 for direct sales, $150 overrides
* Gold Level - $1995 to join, $1500 direct sales, $300 for overrides
* Platinum Level - $2995 to join, $2000 direct sales, $500 for overrides
The pay structure is an immediate comp plan, having done away with the dinosaur 2up comp plan of Passport To Wealth. This means that you will be paid on your first sale, rather than having to pass up your first 2 sales to your personal sponsor.
My Internet Business does offer a call center where you can hire your own PBA (Professional Business Assistant). Your PBA will answer the incoming calls from your potential customers and then you pay them a percentage of your commissions for closing your deals for you.
Conclusion
Although MyInternetBusiness is not a scam, it does appear to have some negative attributes. It appears that My Internet Business was designed to eliminate the failed 2up comp plan of Passport to Wealth. Although the 2up comp plan did need to be thrown out, the pay plan of MyInternetBusiness does not appear to be as lucrative as some of its competitors.
The way to achieve duplication and massive leverage is through a matching override comp plan such as Big Ticket To Wealth offers. When you have people earning the same amount for personal sales as well as overrides, this creates an environment of team synergy. You will be much more motivated to train and help your people when you are earning a matching override bonus from their efforts.
The other concern is with the products. They appear to be the standard fare with nothing fresh and new to offer. This could make it difficult for their affiliates to market the program.
Both Jayne Manziel & Brian Mccoy are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Jayne Manziel has sinced written about articles on various topics from Internet Marketing, Small Business and Vending Machine. Jayne Manziel is a successful Entrepreneur coach and has helped hundred's of people build their business for over 20 years. Jayne devotes the time, energy, and effort into her team and mentors them to ensure their success. To learn more visit Jayne's. Jayne Manziel's top article generates over 33100 views. to your Favourites.