My Money Mover Review: $10 a month recruitment scheme
There is no information on the My Money Mover website indicating who owns or runs the business.
The My Money Mover website domain (“mymoneymover.com”) was registered on the 26th of June 2005, with “BBP Marketing” listed as the domain owner. An address in the US state of Florida is also provided.
As per the My Money Mover website,
How long has your company been in business?
We have been running several different businesses for over 36 years, the last 10 on the Internet.
Further research reveals “Lyle Diehl” to be the owner of BBP Marketing, through which he markets a series of MLM opportunities.
According to the BBP Marketing website:
We have been in the Network Marketing Business since 1996. During that time we have built many large downlines with several different programs.
We own the programs below and all have been operating successfully and making commissions for their many members for years.
“Programs” listed on the BBP Marketing website include
- My Automated Sales System (link defunct)
- Fully Automated Sales Team ($25 recruitment scheme)
- My Pay Day (matrix-based recruitment scheme)
- My Classified Ad Blaster ($19.95 recruitment scheme)
- My Reseller Club (matrix-based recruitment scheme)
- My Cash Promotions (feeder for My Reseller Club) and
- My Money Mover
Read on for a full review of the My Money Mover MLM business opportunity
The My Money Mover Product Line
My Money Mover has no retailable products or services, with affiliates only able to market My Money Mover affiliate membership itself.
After paying a $10 a month affiliate fee, My Money Mover affiliates are given access to a “Internet Promotional Software Package”.
The My Money Mover Compensation Plan
The My Money Mover compensation plan sees affiliates pay $10 a month for affiliate membership, with commissions paid when new affiliates are recruited who pay the same.
Commissions in My Money Mover are paid out down three levels of recruitment, using a unilevel style compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any of these level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliates unilevel team. If any level 2 affiliates recruit new affiliates, they are placed on level 3 of the unilevel team.
In this manner a unilevel team can theoretically extend down an infinite depth, however My Money Mover cap payable unilevel levels at three.
For each affiliate recruited into a My Money Mover affiliate’s three-level deep affiliate team, a $3 a month commission is paid out.
Joining My Money Mover
Affiliate membership with My Money Mover is free, however affiliates must “upgrade” for $10 a month in order to participate in the MLM income opportunity.
In a similar vein to the other opportunities offered through BBP Marketing, Lyle Diehl’s My Money Mover is little more than a recruitment-driven pyramid scheme.
Affiliates buy in for $10 a month and are then directly compensated via affiliate recruitment, payable down three levels of recruitment.
Once new affiliate recruitment slows down, those at the bottom of the company-wide unilevel will cease to pay their monthly $10 fee.
When that happens those above them stop getting paid and soon enough also stop paying their monthly fee.
This effect slowly trickles up the My Money Mover company-wide affiliate genealogy, before an irreversible collapse is ultimately triggered.
At that point anyone who didn’t have four new affiliates recruited under them ($12 a month in commissions) loses out.