I have had my time as a “revsharer” and I think it’s time I throw in the towel. Just like everyone else, I have my reasons. Some may agree and some may disagree, but it is nothing but the truth.
As much as I understood how everything worked, it was almost impossible not to join something that I knew would work because of how the business model was designed.
I have made thousands of dollars from this and it all came from being in the good old boy’s club. I think if I wasn’t “in the know” I wouldn’t have taken the risks I did.
In the end, I did profit a good chunk of change, but with the door slamming on Traffic Monsoon, I think this is a bad time to be apart of any revenue sharing type of business.
I mean, when you see some of the biggest names calling it quits, you know there’s a problem. There goes the huge deposits from these big shots and even if I only put in $1k, that’s still more than what most members are putting in.
But You Only Have to Click on Ads, Why Stop?
Yes, this is probably the easiest way to make money online, but there are other things that made me stop putting money into this type of stuff.
I mean, I’m still with My Paying Ads and I am still making money. The owner is very trusted and all that, but there is more to this than a trusted admin.
For whatever the case may be, these are the reasons why I think that you should create your own business rather than rolling the dice with the latest and greatest revenue sharing “opportunity”.
Here are 7 Reasons Why I think that you shouldn’t be getting involved with any site that offers exactly what you get with every single revshare website.
1.) The Way Money is Made
Making money with revshares is more than possible. It’s the way that it’s made that makes me not like them.
As much as the owners of these programs try to add on other ways to generate income, it will always be the new members that are fueling the pockets of other members.
Once you have tapped on all resources, there will be no other way to make money and they will eventually shutdown.
2.) No Guarantees
Whether you join early or late, there is no guarantee that you will make a single penny and that’s just how it is. To make things worse, it is going to take you AT LEAST ONE MONTH TO PROFIT anything.
Yes, you make money daily, but that is only leading up to what you just invested in the first place. So yes, it is going to take you that long to at least get your seed money back.
Then you can start seeing profits if the program is still going strong. Once its members feel that things are starting to slow down it causes panic and ultimately they will withdraw and jump ship.
This is the main reason why these things will come crashing down and if you’re a seasoned revsharer, you will know where to go next.
Now if you are just in it because someone told you that it worked, you will probably be lost in the sauce and most likely you will join one that won’t make you any profits
3.) You Need a Large “Investment” to Make it Worthwhile
I remember when I joined my first revshare and I put in $20. I immediately called the site a scam, until I was advised from a seasoned rev sharer that I’m really just wasting my time.
Just like any normal person I was skeptical. Skeptical until I got desperate and dumped $1,000 into My very first revshare.
That’s when I started to make money and seeing $50/day wasn’t so bad even if it took me a month to start actually earning a profit.
After a month went by I was still making money and with the compounding method, I was able to pull out a good chunk before they went diving into the Earth.
4.) There is No Product
As much as we’d like to believe that the advertising that comes with this is the best, we all know that it is going to be the same set of eyes that will be seeing your product.
I’m sure that you weren’t introduced to this program as the best place to get your product seen because it really isn’t.
This is nothing but a way to get under the radar and have this type of stuff running. Without this so called product and you can very well put this in the nice little scam category.
5.) Not Even Paypal Will Do Business With Them
I remember when I used to argue about why Paypal didn’t approve revshares and time and time again, people would tell me that that’s not a good indicator.
Until bam! Paypal froze all of the top revsharing business accounts and completely stopped doing business with them.
So if this is not a good enough reason for you to believe that you are involved with something shady, then you might just be down to do anything to make money online.
6.) They Will Not Last
I remember when I made a couple thousand dollars a month and I would hope that they will never close their doors.
It’s pretty funny that the minute I said that, the revshare I was heavily involved with stopped paying. I got in early and even at that it only lasted for 3 months.
That’s typically the lifespan of these programs, but Traffic Monsoon and My Paying Ads have lasted the longest with MPA the only one that’s still going strong.
In the end, it is almost impossible to keep things going like everyone would like them to do. It’s the truth and even with all the extra added sources of income, they still manage to go bye bye.
7.) There is a Better Way
It’s like running an actual business but not really. You don’t need to own a store and you don’t need to own a single product of your own.
Everything is done online and you don’t deal with any shipping of items or any of that stuff. You simply promote it with your unique link and get a commission in the process.
Pretty simple, right? Well, there’s more to it and without a site called the Wealthy Affiliate, I wouldn’t know what I know today.
With that program right there, I was able to build a solid online business and quit every single thing I was doing. I did revenue sharing because I was almost pressured by a buddy of mine, but at least I supported his gig.
Nowadays, you won’t see me joining any new programs. I am strictly focusing on my own online business and what can I say, I actually love what I do.
So there you have it! These are the same reasons why I quit getting involved with any revenue sharing programs. They are what they are, but I will no longer endorse any of them.
To each his own right? So what do you think? Will these things go on forever with owners coming up with new products after one gets shutdown or will they just come to a screeching halt?