Is Income Shift Pro a Scam?[Can It Help An MLM Biz?]
Hi and welcome to my Income Shift Pro review. Would you like to take control of your finances and make some money at the same?
The Income Shift Pro system is marketed as a tool that can help you to get there. Is Income Shift Pro a scam, or should you give this business opportunity a try?
Whilst their products are different from other multi-level marketing companies, there are some issues that you need to be aware of before you sign up.
This review is to help you make an informed decision on whether or not to join this venture. Before we get started you may want to take a look at the main method that I use to make money online.
NAME OF COMPANY : Income Shift Pro
WHAT IS IT ABOUT: Income Shift Pro is a tool that can help you to promote a multi-level marketing business called myEcon.Income Shift Pro teaches you how to build capture pages, e-mail marketing and paid advertising to get more leads and ultimately conversions for your myEcon business.
FOUNDERS : It is founded by a group of entrepreneurs. The site do disclose who the key members such as the CEO and CFO are.
PRICE TO JOIN : from $29.95
OVERALL RATING :
WHAT IS INCOME SHIFT PRO ALL ABOUT?
Initially, it's not clear as to what this business is all about. If one were to type in the name of the company into Google, it does not come to a traditional Income Shift Pro website.
Rather the search query lands on a login page.
Then I learned that to sign up, one has to visit the domain incomeshiftprotraining.com to register.
Registration for the Income Shift pro course at that particular site was free. But then I had realized that though it was free, it was not quite complete.
There are training modules, but no site or platform in which you can implement the training. So, there had to be more to it.
Upon further research, it finally became clearer that there is a $25 sign-up fee to join the Income Shift Pro system.
The other requirement is that you need to join through a sponsor's link.
What exactly is the Income Shift Pro all about?
Income Shift Pro is basically an all marketing suite. It consists of some website products and various marketing tools.
Here are some of the marketing tools you get :
- Website hosting
- Landing pages
- SMS/Text Messaging platform
- Campaign split testing
- Website analytics
- Voicemail broadcast system
- Autoresponder sequence
Why buy all of these tools? How can they help you? Or more specifically what is it that you can market using them?
These tools are not tailored to market just any online product or service.
There are designed to market only one product in particular, which is a Multi-Level marketing business venture called myEcon.
Now let me show you what myEcon is all about.
WHAT IS MYECON ALL ABOUT?
MyEcon is a financial services company. The company is located in Atlanta and came into existence in 2005. It was formed by a small group of entrepreneurs.
The company is focused on providing personal finance education products to its members.
The point of these products is to help folks with cash flow problems as well as to better people's financial strategies and decisions.
According to the introductory video on the official myEcon. website, the company has "empowered thousands to increase their income and some have become millionaires..."
The company follows a multi-level marketing model and relies on their members or associates to help grow the brand.
If you join the company as an associate, then you can make money by promoting their Income Shifting Membership. I will chat in a bit about how their pay structure works.
You have to pay some fees to get started with this company.
HOW MUCH DOES IT COST TO JOIN MYECON.INC?
You have to take out a Myecon Marketing Director/Income Shifting Membership.
It costs $27.95. The regular price is $49.95. It is a one-time set-up fee.
There is a monthly website management and technology fee of $34.95 beginning 30 days from the date of your enrollment.
Included in this fee, are their regular personal finance educational products.
In addition, this also entitles you to build your own marketing team and make money via their compensation plan.
Let's take a closer look at what their products are all about.
THE MYECON PRODUCTS- ARE THEY REALLY WORTH IT?
Like I said earlier, when you sign up as a myEcon associate, you get access to their main products or services namely :
- W-4 Training Strategy
- myCredit System
- CashFlow Manager and Tax Recordkeeping system
- Debt Elimination Software
- Investment Education System, and
- Cash Back Mall
Most of these products are geared towards putting you in a better financial position by helping you to clear your debts, increasing your credit score and educating you on financial growth investments,
For instance, with the W-4 Training strategy, you will learn how to correctly fill out your W-4 form to minimize your tax withholding.
By correctly filling out this form, you may acquire some positive cash flow. You can use this 'surplus' and enter it into the debt elimination software.
It is more of a tool.
You enter your particular debts and the tool will work out how long it will take for you to be completely debt-free. You can also get an idea of how much money you will have available as a positive cash flow thereafter.
They have their own online travel service whereby you can search for hotels, flights, car hire and cruise packages.
There are other products available but I assume that one needs to pay the additional fees to purchase them.
These include :
- Health and Nutrition products like their Daily Ultimate liquid multi-vitamin from $36.95,
- ID Defender - identity monitoring plan from $8.99 per month,
- NuviaTrim weightloss coffee from $19.95 a box
- Road assure roadside assistance program from $7.99 per month
DO THE MYECON PRODUCTS REALLY WORK?
There was a fair amount of praise for the company on the Better Business Bureau website.
Many of these folks have reported that by using the myEcon tools, they were able to get their credit score improved.
People have had good experiences with company support as well as support from their sponsors.
So, whilst these financial products seem to be well accepted with the members, what about the commission side of things?
Is it worth it to join as a myEcon associate?
Let's take a look at their pay plan.
THE MYECON COMPENSATION PLAN- IS IT WORTH YOUR TIME?
Their compensation plan is not that complicated as is commonly seen with other multi-level marketing companies that I have reviewed.
When you sign up, you start on the Marketing Director level. When you make a single Income shifting membership sale, you get promoted to the next level, which is the Executive Vice President(or EVP).
myEcon states in their comp.plan video that they pay out 100% commissions to personally sponsored enrollments if you are on the EVP level or higher.
For instance, if an EVP sells an Income Shifting Membership, then he or she will earn a $50 commission. If a marketing director sells this same membership, then they will earn a $5 commission, of which the balance of $45 goes to the upline EVP.
You can then earn a myEcon Builder Bonus. If four of your members renew their membership in 30-days, then you will receive a $100 commission($25 per member).
Let's say that you are an EVP, and you have four members. If these four members get their own Income Shifting Members within 30-days, then you earn an additional $25 commission.
I think this video by myEcon gives one a great overall picture of how their pay structure works.
The final part of their comp.plan is rank advancement. You can climb the ladder of the various ranks within the company if you can teach your team to duplicate the process and get them to enroll more ISM.
Bottom Line: Sign up Income Shifting Members, and earn commissions. Then get your Income Shifting Members to build their downline and so forth. The more you can recruit, the more you can earn.
HOW DOES INCOME SHIFT PRO HELP YOU BUILD YOUR MYCON BUSINESS?
The idea behind Income Shift Pro is to help automate the sales process for you as a myEcon associate.
In other words, the tools are intended to do the selling and telling on your behalf.
You will have to purchase your own domain name though. They recommend using the goDaddy service.This domain name will mask your original Income Shift pro link and it will not be flagged by social media platforms. It will be used to market your capture pages.
From what I gather they make mention of using only one traffic method. That is the use of solo ads.
Is it worth it to use Income Shift pro or is Income Shift pro a scam? Before I reveal my verdict, then let me share with you some of the pros and cons of this business opportunity.
WHAT I LIKE ABOUT MYECON INC?
The company has transparency. They show you what they are all about. You have a fairly decent picture of their product portfolio beforehand. They disclose their membership fees without you having to sign up.
They have an A+ rating with the BetterBusinessBureau.
They are addressing a real problem. According to debt.org, people are drowning in debt. For instance, if one were to just look at credit card loans, it has exceeded the $1 trillion mark having reached the $1.03 trillion in the Q3 of 2019. I believe that the tools of myEcon can help to give people power over their finances.
WHAT I DO NOT LIKE ABOUT MYECON
The company does not have any income disclosure report. This can help to give folks an idea of the kind of money they can make should they join as an associate.
You have to pay for additional products.Make sure that these additional expenses are allocated for in your budget before you commit.
The training and tools may be not be newbie friendly. They talk about using autoresponders,e-mail marketing and paid advertising. If you are a newbie, this may seem all the bit overwhelming and sometimes confusing.
myEcon membership is only open to US citizens.
You have to do recruiting to earn the bigger paychecks.
IS INCOME SHIFT PRO A SCAM? MY PERSONAL OPINION
The idea is good as it can help folks to get more leads and ultimately more conversions to their myEcon business.
In fact, I have reviewed many multi-level marketing companies such Hempworx, Arbonne, goDesana and Jewelry in Candles, and they do not have these sort of tools to help them grow their respective MLM businesses.
At the end of the day, it boils down to using an automated system to build a business. In this case using ISP, to build one's myEcon business.
Whilst automation is a good thing, as I too have it in place in certain areas of my business, it should NOT be the only driving force in one's business.
Humans are going to buy from you, not computers. It makes sense to be able to connect on a one-to-one basis.
Growing a business is important, but to me growing relationships is more important.
As for the myEcon side of things, you can use their tools to check if your personal finances are in order.
If you are looking to making money and enjoy the recruiting business model, then perhaps you can give this business opportunity a shot.
CONCLUSION - EARNING PASSIVE INCOME ONLINE WITHOUT RECRUITING - A REAL POSSIBILITY
You can make money online without having to recruit or focus on the building of your downline.
You can build an online business based on your passion, hobby or interest. You do not need to purchase any products to get started.
I earn money this way through a business model called affiliate marketing. With affiliate marketing, you do not need any experience to get started.
Check out the other benefits of affiliate marketing below.
Benefits of Affiliate Marketing :
- You DO NOT need any experience to get started
- You can WORK FROM ANYWHERE in the world
- You DO NOT have to speak to anyone
- You DO NOT have to have your own product
- You DO NOT have to do any recruiting or cold calling
I think the most important benefit, is that it allows you the opportunity to build a passive income business. In other words, you can and will get to the point of not having to trade your precious time for money.
By this I mean have your business to eventually work for you.
Thanks for joining me on this Income Shift Pro review.
I hope that it has helped you out.
If you have any questions or comments, just leave them below. I promise to get back to you.
Regards and Take Care