My24HourIncome review 2017 – Scam
Welcome to our My24HourIncome review 2017. My24hourincome.com was registered on June 2016 by Derek Burton. Chanches are very high that Derek Burton is the man behind this company. Derek is known for being on the top of many revenue share leaderboards as a recruiter. It looks like Derek has become tired of recruiting affiliates into revshares and has now decided to open up his own revshare. While revshares are mostly scams, it is a positive sign that Derek is disclosing ownership of the company.
- Status: Not-Paying/Paying (Alert!)
- Risk: High
- Payment Processors: Bank Wire, Bitcoin, Advcash, Credit Cards, Payeer, 2pay4you
- Minimum Deposit: $5
- Minimum Withdrawal: $10
- Category: Revshare
- Referral Commission: Level 1 ( 8%) Level 2 ( 2%) Level 3 ( 2%)
My24HourIncome Review 2017 – Products
My24Hour Income sells adpacks to their members and also offers their members to sell affiliate products through their account. The selling of affiliate products is something new in the world of revshares, as sites typically only offer adpacks internally to their members, and have no products for retail. While it is great that My24HourIncome is attempting to step up the legality of their business, it appears the majority of revenue generated will still come from the purchasing of adpacks by the members. In other words, it functions as a ponzi scheme.
My24HourIncome Review 2017 – Compensation Plan
My24HourIncome offers 3 different advertising packages/adpacks:
Adpack 1 – Cost: $5
Matures at 110% ($6) at 1.8 to 3.8% daily cap. Gives 75 business directory ads, with 12% referral commission to your sponsor.
Adpack 2 – Cost : $15
Matures at 115% ($18) at 1.8 to 3.8% daily cap. Gives 200 business directory ads, with 12% referral commission to your sponsor.
Adpack 3 – Cost: $35
Matures at 120% ($42) at 1.8 to 3.8% daily cap. Gives 500 business directory ads, with 12% referral commission to your sponsor.
My24HourIncome Review 2017 -Conclusion
My24HourIncome is definitely a step in the right direction when it comes to revshares. But there are still far too many red flags for it to be considered a safe investment opportunity. The biggest issue is that My24HourIncome is considered to be a ponzi scheme by the SEC (Securities and Exchange Commission).
Now if My24HourIncome actually had external income coming outside of the membership investments, then it would have been a great investment. But I personally only see that happening with one revshare out there, after reviewing a ton of RevShare programs.
I personally would just keep away from this one, if they get big enough, the SEC will shut them down like they did with Traffic Monsoon last year.
I believe this should give you a nice overview about My24HourIncome.
Feel free to share your thoughts, questions or testimonial below!