My 1 Dollar Business Review – Scam or Legit?

So I was introduced to this by an online buddy of mine and after all that was said, I had to do a My 1 Dollar Business review.

With the simplicity that I was marketed with, it sounded like a no brainer deal.

Until I realized that I’ve been in many of these types of programs in my life.

For $1, you really can’t help but give it a try, right?

Well, that’s what I used to think until I realized that I’ve given too much money away because of the whole “I have nothing to lose” mentality.

In this My 1 Dollar Business review, I want to show you exactly what I mean.

Most of you might disagree, but this is exactly how these things operate, and this is just one of thousands.

My 1 Dollar Business Review

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Name: My 1 Dollar Business

Owner: Steve Gresham

Website: www.my1dollarbusiness.com

Price: $1

Overall Rating: 1.5/5 stars

Product Overview

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This business is a recruiting based business, which runs on a 2X10 matrix and was created by Steve Gresham.

I’m sure you’ve seen his video on how simple his system is, which is definitely simple and could possibly make you money.

Who This is For

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I would say this is for anyone who is willing to give their up-lines $1 and possibly do some network marketing.

I guess you can say this is a good way to lead your downlines to your MLM, but I can also see it backfiring and maybe have people thinking what you’re really trying to sell to them.

How it Works

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4 to profit…10 to participate, and you need at least 2 to earn any money.

Commissions will be at a quarter per personal signup and again, you need at least two members in order for you to start making money.

So just like any other recruiting based business, you will need to get people to join under you and then have them do exactly what you just did.

I’m not going to get into detail about everything because it’s really a waste of time.

The Compensation Plan

Super simple 2X10 matrix. All this means is that if you can only get 2 members going across and the rest would have to go down.

That would cover the 10.

Simple enough.

The Price

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Of course we were all introduced to this “opportunity” with the fact that we only needed to pay $1 and I’m sure almost all of us jumped right in even if we knew nothing about the company.

For $1, we feel we have nothing to lose and we’d rather be in even if nothing happened than to be out and not cashing in.

You might want to change the way you think or you’ll end up like me jumping from one program to another, with no real prize waiting at the end of the tunnel.

With charts like this, it makes you think that you can make a solid income, but I’m sorry to say that this is nothing but hype.

It may sound like the easiest thing to do, but I can promise you that you will not get to making thousands of dollars unless you know millions of people.

 

 

Remember that your referrals need to get others in if you want it to work like it shows in this chart.

So put your eyes back in its socket because this is just for show.

So Will My $1 Business Work?

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Anything can work.

Network marketing is a thing of my past since I learned how to create an online business.

The one thing that I do know is that recruiting is not my thing and I know it’s not a lot of people’s “thing” either.

In most cases, you’ll have those that recruit people like crazy, make some cash and then you’ll have those that just get in and do nothing.

Which is over 90% of its members.

Some may say that it’s really up to you to make a network marketing business work, and although that may be the truth, I just don’t find recruiting to be a business.

I wouldn’t necessarily say this would work, but it definitely can make you money.

So if you can recruit boatloads of people, you could make some decent money with this.

Pros & Cons

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Pros:

• Can make you money
• Has actual products
• Easy sale

Cons:

• Requires recruiting
• Signing up is a pain in the butt
• Commissions are not the greatest
• Won’t last
• Not worth the time

At a Glance

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Name: My 1 Dollar Business

Owner: Steve Gresham

Website URL: http://www.my1dollarbusiness.com

Price: $1

Overall Rating: Not Recommended

Is My 1 Dollar Business a Scam?

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As much as I disagree with the business model and the fact that almost everyone involved here will be feeding the folks at the top, I can’t call it a scam.

The products may not be the greatest, but for a dollar, I don’t think you can complain.

There are other companies that offer nothing for thousands of dollars, so I’m going to have to side with what Mr. Gresham has here.

Definitely not a scam, but definitely not recommended either.

There’s just other ways that you can make money and this is not going to be as easy as they make it seem.

My 1 Dollar Business Review – Conclusion

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The thing about making money (especially online) is that there aren’t many legitimate ways to do it and there definitely aren’t many to choose from.

I have been in almost every type of “business” out there and these low costing, recruiting based ones will not make you the type of income your’e thinking.

You will get more people in than you would with a regular MLM, but I definitely think you’re wasting your time.

Maybe the whole leading them to your other business is cool and all, but even at that, I can’t say this is your best bet.

I do recommend that you start YOUR OWN BUSINESS and quit making the owners of these little programs rich.

So if I was to tell you what I think is your best bet, that would be it.

Click here to see how you can get started for free!

In the end, My 1 Dollar Business is what it is.

Nothing life changing, but it can work.

Thanks for reading My 1 Dollar Business review and hopefully I have given you more than you could ask for.

 

~ John

A Work at Home Jobs