My honest MyEcon Review and Why It’s Believed To Be a Scam
myEcon is an MLM that is created by Ivey Stokes. Its been around since 2005. It is being promoted as a personal financial success company, which their main product is a state of the art credit repair program that has proven to increase your credit score.
Here is myEcon’s about us:
“myEcon, Inc. is a privately held, debt free company based in Gwinnett County, GA, a suburb of Atlanta. The company was founded by a small group of entrepreneurs in 2005. The company operates in the multi-billion dollar Direct Sales industry. The founders’ vision is to empower people to attain Personal Financial Success. The company name myEcon, is short for “my Economy”; because the founders envision each individual taking care of their Personal Economy just as governments and corporations take care of theirs. myEcon empowers its Associates to attain financial success by helping Associates earn income through a web-based business system and by teaching them financial strategies. The company currently has over 50,000 independent marketing associates and is one of the fastest growing companies in America.”
A countless number of myecon members can vouch for the value myecon provides. The core business model is an MLM people automatically label it a scam.
To learn the facts regarding myecon.net, we invite you to continue reading our unbiased review to gather all the intel you need to accurately determine whether myEcon is suitable for you.
MyEcon’s main service is a credit repair program, the twist is that they allow you to build a business helping others join the program to repair their credit.
I’m sure you want to know if myEcon is a scam or not. You want to know what myEcon can do for you. Lastly, you want to know if it’s worth joining. All the juicy info is below.
My Econ Pros and Cons, Is It A Scam (The team you join will determine your success)?
Here is why I think myEcon is a scam…99% of the team’s you’d join don’t teach anyone how to market in a way that’s not salesy or pushy. How do you join something and not know how to get a return on investment.
So I created an easy process for everyone that joins my page from done for you service to help you get clients daily, weekly or monthly to giving you a step by step over the should how to get people to sign up without pitching sales or burning bridges.
If you haven’t noticed, MyEcon is getting a lot of hype lately.
I have done my research and found that the company has been around for 20 years.
It offers many services but most people are making money by creating teams & helping people signed up for the services and cashing out.
Most people use business services to help people repair their bad credit score.
They tell people about the tax advice, legal services and all the other things that come with the business and people can’t seem to resist.
MyEcon is huge in Atlanta, GA because it has given African Americans a CHANCE at financial literacy and freedom. All the hype speaks for itself.
This opportunity is for anyone but I’ve noticed the demographic is largely minorities, which is AWESOME. You may be wondering how to promote myecon. We’ll teach you in this article.
MyEcon review on the Benefits/Cost
- Cost $35 to join (That’s less than your phone bill)
- Repairs your credit while allowing you to help others repair theirs
- EASILY build a passive income stream in less than a week
- Even if you don’t build a team, you get a 10% tax credit for owning a home based business
- If you make $500 a week from your job, you now make $550 a week just for being in the program and owning your own business
MyEcon Commission and how to Profit FAST ??
The main way I make money in myEcon referral bonuses.
I set up a bunch of low cost to build websites where I blog about topics related to credit repair, making money online, working from home, etc.
It is too easy because only 22% of Americans have excellent credit, that means 88% of 327 Million people need help increasing their credit score.
The numbers don’t lie, this is why I’ve been able to generate A LOT of money since I began this year.
I show my team exclusively on youtube lives and webinars exactly what I do to get these insane results.
If my team wins, I win, if I teach you how to fish vs telling you how to fish or fishing for you, you will be fishers of men (Analogy in the bible).
myEcon works as a multi level marketing commission structure. The system will work best for you when you recruit two people into the business.
The 2 people that you personally sponsored will earn you a commission of $20 each.
On your third personally sponsored business partner you earn $35 and from all of your additional personally sponsored members up front.
The third personally sponsored partner is called your “Base Shop”.
Once you have your “Base Shop” setup meaning you’ve sponsored more than 2 partners you can make money on the people your recruits have recruited.
You also make money by selling thier credit repair product that myEcon offers. Your focus might be on recruiting a lot of other people just like yourself that join the business opportunity but you can also make tons of money from promoting their product.
A quick history lesson, myEcon merged with the Novae MLM in 2016. Novae and myEcon have finalized the merger on October 1, 2016.
Since Novae’s inception in 2014, the company has focused on Lifestyle Enhancement, offering products and services to enhance individuals’ lives in all areas.
The merger with myEcon, founded in 2005, allows Novae to streamline their focus to myEcon’s specialty, Wealth Creation through a concept myEcon refers to as “Income Shifting”.
With hundreds of millions of Americans looking to improve their financial situation, Novae and myEcon are poised to become industry leaders within this category.
“This is not only going to be great for both companies, but a major home run for the Independent Business Owners (IBOs) of Novae as well!” states Reco McDaniel, Novae President & CEO. McDaniel further explains, “This merger allows our IBOs to have an enhanced opportunity from day 1. The top level enrollment fee for new IBOs is decreasing from $499 to $199, which lowers the barriers of entry. The compensation payout is significantly increasing as well, allowing IBOs to potentially earn thousands of dollars weekly for sharing the new opportunity. Novae’s monthly membership fee of $99.95 is now being reduced to $34.95 through the merger and will provide IBOs with increased value and services!”
myEcon’s Financial Success Membership includes a Cashflow Manager Software, Identity Theft Protection, Free & Discounted Legal Services, Tax Advice Service & Preparation, and Identity Theft Prevention. Novae will add Novae Perks, Novae Library, and Novae Travel to this membership and at no additional cost to current myEcon and Novae IBOs. In addition to the membership, Novae Roadside Companion, Sprayology, and Novae Money will also be added to myEcon’s product offerings.
Ivey Stokes, Founder of myEcon, also sees the merger as a major win for his company. Stokes states, “Over the last few years, myEcon set company goals to improve marketing, become mobile, and begin to attract a younger demographic. For more than a decade, our company has attracted tens of thousands of Baby Boomers across the country and we have been successful. This merger allows us to capitalize on Novae’s strengths which help us accomplish our goals in short order.”
With the release of Novae Connect, Novae’s mobile application, in August, both companies are excited about smart phone technology being married with this newly enhanced opportunity. In October, all of the IBOs of myEcon and Novae will now have access to this application, which is sure to generate momentum for these companies and make the industry take notice.
Multi-Million Dollar Earner and Top Industry Trainer Brian Beane is excited about this merger and has decided to come out of retirement to join these two powerhouses to create something special. Beane exclaims, “It’s not often that you have 2 company owners that have collectively built multi-million dollar companies decide to come together for the benefit of their companies and communities so everyone wins! This may very well be the greatest merger in the history of the Network Marketing industry!”
myEcon and Novae’s executive teams will begin efforts to blend corporate leadership. Over the next several months, the companies will continue to take steps to integrate systems, marketing, organizations, and culture to create a huge conglomerate that will change the lives of millions across the country. – Source prnewswire.com
Here is what I had to say about Novae in my review of them:
In my opinion, Novae is a scam and here’s why. They are a rebirth of WakeUpNow by previous representatives of WakeUpNow.
They use low tier products to cover up their scam. The compensation plan requires you to purchase their product and have it on a monthly auto-shipment.
They incentivize you to primarily recruit other business partners and push them to recruit other business partners.
You only profit from the payments of others who are themselves making payments in order to obtain their own profit. What a straight up scam.
They don’t report information that verifies that people are making any significant amount of money in their business opportunity. I would personally avoid Novae MLM.
It looks to me that Novae and myEcon might be a perfect fit. Because myEcon actually has a product that is well worth the investment.
Below is a downline of mine explaining the myecon compensation plan, YOU WILL BE BLOWN AWAY
I have focused intensely on my team’s growth over the last 5 months, my goal is to leave no stone unturned.
I’m working hard to get everyone on my team to the second rank at a minimum by placing people under them and teaching them how to create quick online assets to generate the entire team money.
Once you sign up with myEcon through the link below, I will help you bring in 3 people on your team as fast as possible.
The first 2 are worth 10$ each, but the 3rd person and anyone after is worth 35$ each. Then after we build this proof then we go to your family and friends.
Then you rank up and literally it’s so quick and easy to rank up when you join my team because I teach you how to set up these online assets to get you, interested people, while you’re sleeping and while you’re working.
I get too excited talking about this, so join my team and let’s get on a one on one call.
How my Team Makes Money??
No matter what business you begin, what will make or break you is mentorship/guidance.
Why do tons of people join my team?
- Youtube live biweekly training
- Show you exactly what I’m doing NOW to get new leads hourly/daily
- Teach you how to get people all over the world with simple websites
- Help you rank up asap before showing friends/family the opportunity
- Done For You Services (Building website, etc)
- I help my downline by matching them with leads (You get a lead, I’ll give you my next lead) *This will promote you extremely Quick
- Show you how to build websites and get tons of traffic FAST!
- I realize if you don’t make money, I don’t make money
- I do my best to MAKE SURE my new recruits make money ASAP
- Teach you how to invest your profits into other business ventures
- It’s so cheap to join & look at how much my new guys make week 1
- Look at my team’s results, it speaks for itself
You would have to build your way up but it seems that over time you could actually make real passive income. One of the main things about MLM’s is timing.
MyEcon has only started to get popular a few months ago so now would really be the time to join.
2 years from now it will be saturated just like MCA, Shopify, and many other online businesses.
Once you build your team and reach a certain amount of people in your downline, you could potentially retire in a couple years, but just like any business, it will take a little work in the beginning, although this one is cheaper and easier than probably any business I have seen.
With all the different services it makes it easy to promote to clients, and there’s always the referral program.
Some of my team’s results (This is just the beginning)
How Do I Feel About The Business Model?
I think it’s a good, simple business model, that pretty much anyone can use, but the same rules apply for any business; you have to take it seriously. I think there are certain types of people that will always dislike MLM’s because they don’t know how to market their products.
MLM’s are not for everyone but they can provide massive sources of income for the individual if done correctly. A $35 investment giving you the chance to quit your job, WHO WOULDN’T TAKE SUCH A LOW RISK AND TRY IT OUT.
For some, it’s easy to make money with MLM’s. In any type of business like this, you’re wasting your time if you try chasing your family & friends to sign up. I realize that where most people are stuck the most, they have the heart but their imagination is small.
So I teach step by step how to make tons of money FIRST, then go show your friends and family proof. My system is hands down easy and duplicatable if you have a desire to learn it.
There are tons of other people that you have never met that are much more likely to purchase the services. That’s the only real way to make good money is by having a system that allows you to have your brand seen.
No one really has enough friends and family to become financially free with referral bonuses, but the right marketing is how we are currently making tens of thousands of dollars a month.
Conclusion on MyEcon:
I think if you are looking to start your first business, or know about network marketing this could work for you. Honestly, anyone could do it. It is cheap to start and easy to manage.
If you don’t put in the time in the beginning and market your products and the business opportunity then you will flop. Same goes for any MLM. If you don’t have a lot of money then this might be for you.
With myEcon All depends on timing and putting in the work but since it’s a low-risk business model, it has great potential. I personally would use the services and get my credit fixed while building my business.
The best part is that you already have a product to sell that most consumers can afford so it can save you a lot of time and money. If you don’t like MLM’s well then that is self-explanatory.
Not much to lose, and it’s almost always good to capitalize on the opportunity while business is getting a lot of buzz. Don’t forget to share this review on your social media accounts if/after you join.
*Only Join MyECON if you are serious. Don’t waste your time or my time if you think you will get rich in a couple days then quit when you don’t. I’ve seen people do it but it’s from hard work and anything is possible.*
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