My 24 Income Review Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, My 24 Income Review has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell My 24 Income Review in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for My 24 Income Review.
I wanted to gather all the information about My 24 Income Review in my My 24 Income Review Review in order for you to make a decision about joining My 24 Income Review.
Is My 24 Income Review legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of My 24 Income Review.
Read on to find out what you need to know.
What The Heck Is My 24 Income Review?
My 24 Hour Income is one of the newest companies that’s entered the MLM world, and as always with these reviews that I conduct, the first thing that I take a look at is the official website for the company in question.
In the case of My 24 Hour Income, the company’s website lists two different names – Drew Burton and Faheem Rajput. While having two names listed on the site certainly is better than a lot of the other opportunities I’ve looked at recently, the site doesn’t actually disclose the position that these men have within My 24 Hour Income.
Title or not, I decided to research both Drew and Faheem a bit more.
In the case of Drew Burton, there’s actually quite a lot to talk about. Unfortunately, not much of it is good at all.
Drew Burton resides somewhere in Canada, and has a rather long history of being involved with some pretty shady MLM schemes throughout his time in this field.
Prior to his time launching My 24 Hour Income, Burton was wrapped up with the likes of Zukul Ad Network, Click Delivery, My Paying Ads, and Fort Ad Pays. All of those opportunities were soon revealed to be nothing more than Ponzi schemes, and Fort Ad Pays was Burton’s last venture before My 24 Hour Income.
Fort Ad Pays crumbled to nothing either on or around May 27th of this year, 2016. On his own Facebook page, Burton posted on May 23rd that he had a whopping 305,760 investment positions secured within Fort Ad Pays.
Even though the company technically collapsed on the 27th of May, that didn’t stop Burton from trying to continue to solicit money through the scheme. On June 22nd, just about a month about Fort Ad Pays had collapsed, Burton took to Facebook to post the following message –
“Today is a big day… I did it guys Maxed out F.A.P in just 6 months…”
At that point in time, Burton had his account filled with a total count of 407,647 investment positions. In other words, Burton had stolen a lump sum of $149,105 from people that decided to hand their money over to the scheme. There’s no word as to how much of this money Burton was actually able to withdraw and pocket for himself, but either way you look at it, that’s still an absurd amount of cash.
Just a month later after this post, Burton went on to launch My 24 Hour Income in July.
As for Faheem Rajput, his history in the MLM world isn’t quite as long, but it isn’t all that pleasing either.
Rajput is located somewhere in Pakistan, and he along with his work at My 24 Hour Income, he’s also hard at work with promoting the company ZF Share. ZF Share is a Ponzi scheme that Rajput launched around the same time that Fort Ad Pays collapsed, and promises a 135% ROI off of affiliate investments.
With all of that wonderful information now out in the open, let’s take a closer look at what My 24 Hour Income has to offer.
What Are The My 24 Income Review Products?
After going over all of the background history for both Burton and Rajput, it shouldn’t come as much surprise at all that My 24 Hour Income doesn’t have any sort of product line in place at all.
Rather than sell actual goods and services to retail customers, My 24 Hour Income asks their affiliates to invest money in the company in exchange for an ROI. This means that affiliates have nothing but the affiliate membership itself to market and sell to prospective investors, and that’s something that’s most frequently seen with schemes of some sort.
What About The Compensation Plan For My 24 Income Review?
Moving on to the compensation plan, My 24 Hour Income asks that affiliates invest anywhere between $5 and $75 into the company’s Ad Pack Plans. By investing in these plans, affiliates for the company are told that they’ll earn ROIs between 110% and up to 130%.
There are 4 different Ad Pack Plans available to invest in, and they include the following –
- Invest $5 and earn a 110% ROI (Ad Pack Plan 1)
- Invest $15 and earn a 115% ROI (Ad Pack Plan 2)
- Invest $35 and earn a 120% ROI (Ad Pack Plan 3)
- Invest $75 and earn a 130% ROI (Ad Pack Plan 4)
However, in order for an affiliate to be eligible to earn these ROIs, they are required to view 8 advertisements that they are given directly by My 24 Hour Income.
Along with the direct ROIs, affiliates can also earn cash through referral commissions. Referral commissions within My 24 Hour Income are handled through a unilevel payment system, with level 1 affiliates earning an 8% commission and affiliates at levels 2 and 3 earning just 2%.
What’s The Cost Of Joining My 24 Income Review?
In order to join My 24 Hour Income as an affiliate, members are required to make an investment between $5 and $75 into the company. Here, investing more will result in you being eligible to earn more through the advertised ROIs.
So, Is There A My 24 Income Review Scam Going On?
Have you been hearing rumours that My 24 Income Review is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a My 24 Income Review scam going on?
If I am being perfectly honest, My 24 Income Review isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My My 24 Income Review Review And Conclusion!
So, just what kind of opportunity are we looking at here with My 24 Hour Income?
It shouldn’t come as much surprise at all that this is just another adcredit type of Ponzi scheme.
Affiliates for My 24 Hour Income seek out to invest up to $75 into the company with the promise of a 130% ROI.
The Ponzi nature of My 24 Hour Income is most notable via the following bit of copy taken from their website –
“The moment the payment enters out system, it is no longer your money, and it certainly is our money. It belongs 100% to ALL members because we shared those revenue with EVERYBODY!”
Basically, there aren’t any refunds available at all.
However, despite the rather obvious Ponzi nature of the company, My 24 Hour Income does what they can to sell the idea that they’re anything but.
”Is my24hourincome considered a scams or Ponzi schemes or an illegal online business? NO. Any program that claims ROI buy has NO PRODUCTS IS A SCAM! But my24hourincome Advertising Platform sells ADVERTISING SPACE!”
This is technically true through the company’s sale of advertising credits, but as the SEC recently pointed out, these sorts of adcredits often attached with Ponzi schemes are completely and entirely illegal.
As with any Ponzi scheme of this nature, My 24 Hour Income will run into serious trouble once levels of recruitment and investment slow to a crawl. This will result in the company being unable to pay out ROIs that they owe, and will soon see the company collapse into nothingness.
I really hope you have gained value from my My 24 Income Review Review.
I wanted to make sure you had all the information you needed, because most other My 24 Income Review reviews are just trying to sell you something.
If you really do decide to join My 24 Income Review, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!