Name: My Binary Profits
Launch Date: September 15, 2015
Price: Free to signup
Overall Rating: 45/100
I have tried trading with binary options and I have tried investing in revenue sharing. These are probably the two hottest markets right now, when it comes to the “work from home” niche.
This review is not to try and get you to join me and it is not to sit here and talk negatively about something that most people will consider a nice little scam.
This is to show you what you will get if you do decide to join/invest into My Binary Profits. There is not much to these programs, so this shouldn’t take much of your time.
What My Binary Profits is
A revenue sharing program that has managed to get binary options into the mix. Okay, I take that back. There will be no trading with this program, so don’t expect to do any of that here.
I guess that binary options trading is a big trend in regards to online scams that these guys decided to use it in their name as some type of bait.
If you know nothing about binary options trading, completely ignore any of them. They will all have nothing but fat bank accounts and whatnot, but the so called system is complete garbage.
I’m glad I don’t have to explain what binary options is here because it comes with some of the biggest online scams in the business. With that being said, let’s talk revshare, shall we?
Who this is for
Being that there are a bunch of people looking to make money online and have been exposed to both binary options and revenue sharing, that would be the target market with this product.
Of course you would have those that are just looking to make some extra cash and then those who have been introduced to this as the cure for all their financial woes.
Whoever the person may be, it is all targeted to anyone looking to make money online. I mean, who really doesn’t want to make more money, right?
How it Works
Revenue sharing is really simple and it’s more of a “who you know” more than the system. You see guys, there are new revenue sharing programs that come out every single week and about 95% of them won’t even last for more than 3 months.
The way things work is when someone (you) puts money into the program, it is all shared in one pool. So if no one else joins, you can expect a nice pool of stagnant money.
This is why you will see other members promoting this like crazy. No one joins with fresh funds, no one gets paid. And yes, it is really that simple.
But Does it Work?
But of course. It will work as long as there are people constantly joining. As of right now, there are about 5k members and that is really a solid number.
In the past, it was always best to get in early before the program starts earning. These days, the owners are trying to do what they can to make them last a lot longer.
There are programs like Traffic Monsoon and My Paying Ads that have been around for a very long time and they are still paying. That might be a better alternative if you are really interested in revenue sharing.
If you are looking for something a lot more solid and will make you money no questions asked, you should checkout my #1 recommendation. Other than that, these are nothing but a big risk.
Pros & Cons
With everything out there, you have the good and bad. Here are some that I found with My Binary Profits, which will probably help you out with your final decision.
Pros:
- Can make you money
- Accepts Paypal
- Minimal work
- Still paying
- No clicking of ads
- 10% referral commission
Cons:
- Very risky
- No guarantees
- No refunds
- low minimum withdrawal ($250)
The biggest plus about this program is the fact that they accept Paypal. If a program doesn’t accept that payment processor, please don’t get involved.
The biggest problem with this is the fact that there is a lot of competition. There are revshares that have everyone and their mothers promoting them, so this will be kind of hard to get in front.
Oh, The Referral Program
If there’s one thing I really like about these revshares is their commissions for getting people to join. There are so many heavy hitters that join these and they put in thousands of dollars.
Just for getting someone to join, you will get 10% of what they invest. They put in $1,000 and you can expect $100. They put in more and bam, you make more.
Other than that, it’s a very simple and effortless business, so that’s what you can expect. It’s not for everyone, but if you have some extra dough, this might be an option.
Product Overview
Name: My Binary Profits
Website: www.mybinaryprofits.com
Price: $5 minimum
Overall Rating: Not recommended
Although they are currently paying, I don’t see this one lasting for a very long time. I think that the 5,ooo members is about what they will stop at and that means things will start to slow down.
Final Thoughts
In the end, it is really up to you. It’s a hit or miss when it comes to the newer revshares and that’s how it will always be. I have profit as well as lost in several, but this one looks better than most.
It looks good, but that is probably for the meantime. I don’t see this going bigger than the top 3 revshares out there and I wouldn’t recommend this.
In the world of revenue sharing, it is really hard to keep your reputation because members hop from one to the next as soon as they profit enough. Things haven’t changed much and it looks like people are banking and running, since this has been around for 2 months.
Thanks for reading my review of My binary Profits and hopefully I have given you some key points so that you can make a better decision. To whatever it is that you do next, I wish you nothing but the best. Cheers!
-John
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