MyMoneyIndustry Review: Five-tier 3×2 matrix cycler
MyMoneyIndustry provides no information on their website about who owns or runs the business.
MyMoneyIndustry’s website domain (“mymoneyindustry.com”) was privately registered on January 9th, 2020.
Only the town Blackpool and Country Great Britain are visible in the registration. These might be bogus details however, as the MyMoneyIndustry’s domain was registered through a Malaysian registrar.
A corporate address in Singapore is provided on MyMoneyIndustry’s website. Further research however reveals this belongs to virtual office provider MEA Business Consultancy.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
MyMoneyIndustry has no retailable products or services, with affiliates only able to market MyMoneyIndustry affiliate membership itself.
MyMoneyIndustry’s Compensation Plan
MyMoneyIndustry affiliates purchase positions in a five-tier 3×2 matrix cycler.
A 3×2 matrix places an affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first three positions into another three positions each (9 positions).
Positions in the matrix are filled as newly recruited and existing MyMoneyIndustry affiliates purchase new positions.
Once all nine positions in a matrix are filled, a cycle commission is paid out and the position at the top of the matrix cycles into the next tier.
Cycle commissions across all five MyMoneyIndustry’s cycler tiers are as follows:
- N1 (positions cost $22) – $40 cycle commission and cycles into N2
- N2 – $128 cycle commission and cycles into N3
- N3 – $540 cycle commission and cycles into N4
- N4 – $2560 cycle commission and cycles into N5
- N5 – $74,580 cycle commission
When a MyMoneyIndustry affiliate purchases a cycler position or cycles into a higher tier, the affiliate who recruited them receives a referral commission.
- N1 cycler position purchase = $7 referral commission
- N2 cycle = $32 referral commission
- N3 cycle = $160 referral commission
- N4 cycle = $840 referral commission
- N5 cycle = $4520 referral commission
MyMoneyIndustry allows affiliates to purchase ad credits. These credits can be used to display advertising to other MyMoneyIndustry affiliates.
If a MyMoneyIndustry affiliate purchases ad credits, the affiliate who recruited them receives a 20% commission.
MyMoneyIndustry affiliate membership is free.
Participation in the attached income opportunity however requires a minimum $22 cycler position purchase.
After cycling out of N5, additional cycler position purchases are required to continue earning.
MyMoneyIndustry is a simple enough cycler, you invest $22 in the hopes of withdrawing over $70,000.
This money is sourced from subsequently position purchases, satisfying the Ponzi element of all cyclers.
Referral commissions add an additional pyramid layer to the scheme, as without constant recruitment MyMoneyIndustry collapses (existing affiliates are only going to purchase so many positions).
When a Ponzi cycler collapses, losses are magnified owing to funds being trapped in stalled matrices.
MyMoneyIndustry’s anonymous admin(s) keep this money. This combined with preloaded admin positions guarantees MyMoneyIndustry’s anonymous admin(s) receive the majority of invested funds.
Aside from a few early adopters and heavy recruiters, everyone else loses out.