My Fun Life operate in the MLM travel niche and are based out of Idaho in the US.
The company is headed up by Dan Edwards, who serves as My Fun Life’s Chairman of the Board and CEO.
In his executive bio, My Fun Life claims Edwards is
an accomplished Direct Sales & Marketing professional.
His business experience encompasses over 26 years in strategic planning for direct sales organizations and corporate ownership responsibilities as President/CEO for several companies.
Despite a purported “26 years in strategic marketing for direct sales organisations”, I was unable to find any specific information on Edward’s involvement in the MLM industry prior to My Fun Life.
Read on for a full review of the My Fun Life MLM business opportunity.
The My Fun Life Product Line
My Fun Life have no retailable products or services. Instead, the company has “partnered” with third-party travel booking vendor Travelocity.
As a Travelocity affiliate partner, My Fun Life have rebranded the Travelocity booking engine “Cha-Ching Booking” and provide access to travel, condos, flights, car-rentals and cruise bookings through the engine.
The My Fun Life Compensation Plan
With no retailable products or services and the travel side of the business handled by third-party vendor Travelocity, My Fun Life pay out commissions solely on the recruitment of new My Fun Life affiliates.
This is done via a 3×10 matrix. A 3×10 matrix places an affiliate at the top of the matrix, with three affiliate positions directly under them (level 1):
Under these three positions are another three positions each (level 2) and so on and so forth down 10 levels for a total of 88,572 positions.
Each of these positions represents a paid affiliate in My Fun Life paying a monthly membership fee, with positions filled either via direct recruitment or the recruiting efforts of an affiliate’s up and downlines.
For each paid affiliate in a My Fun Life affiliate’s 3×10 matrix paying monthly membership fees, the company pays out a monthly commission. How much of a commission is paid out depends on what level an affiliate falls on a matrix:
- Level 1 – $1 per affiliate ($3 total)
- Level 2 – $2 per affiliate ($18 total)
- Levels 3 to 6 – 25 cents per affiliate ($270 total)
- Level 7 – $2 per affiliate ($4374 total)
- Levels 8 to 10 – $1 per affiliate ($85,293 total)
Note that to earn on Level 8 requires the affiliate membership rank of Sapphire, level 9 Ruby and level 10, Diamond (see below).
Matching Bonuses on the matrix commissions paid out to personally recruited affiliates are also available. How much of a Matching Bonus is paid out depends on affiliates membership rank:
- Bronze – recruit at least 3 paid affiliates and earn a 10% match
- Silver – recruit at least 6 paid affiliates and earn a 20% match
- Gold – recruit at least 10 paid affiliates and earn a 30% match
- Sapphire – recruit at least 20 paid affiliates and earn a 40% match
- Ruby – recruit at least 50 paid affiliates and earn a 50% match
- Diamond – recruit at least 100 paid affiliates and earn a 50% match (also unlocks level 10 earnings in the matrix)
Joining My Fun Life
Free affiliate membership to My Fun Life is available, however affiliates are only able to earn Travelocity booking-engine commissions.
Paid affiliate membership is $21 a month.
My Fun Life has designed its compensation plan to reward our members for succesfully building sales organisations by recruiting, training and motivating other team members to do the same.
As is typical with MLM travel niche companies that use a third-party booking engine, the My Fun Life compensation plan has nothing to do with use of these travel services and everything to do with recruiting new affiliates and getting them to pay a monthly membership fee.
Travelocity commissions are passed on affiliates however this is external to the My Fun Life compensation plan. Someone makes a booking through Travelocity’s booking-engine, they pay My Fun Life a commission and My Fun Life pass that commission on to affiliates.
The company itself only pays commissions on membership fees, subject to how many affiliates an affiliate personally recruits (matrix commissions and matching bonus) and that of their up and downlines (matrix commissions).
With no retailable products and recruitment commissions My Fun Life deteriorates into a scheme dependant on the constant recruitment of new affiliates and their paying of monthly fees to pay out commissions.
My Fun Life paid affiliate membership provides nothing more than participation in the compensation plan (the ability to earn commissions on the recruitment of others). Once the recruitment of new affiliates paying these fees stops so too do the commissions My Fun Life pay out.
Update 1st October 2013 – Following consultation and requests from its “leaders”, My Fun Life announced that they are going to be charging affiliates more money to participate in the scheme.
The affiliate membership price rise from $21 to $25 a month comes into effect October 1st, with MyFunLife advising the changes result in ‘over an $800 per month difference in your first 6 levels!‘