MyNetworkOne Review: $150 for a webpage?
There is no information on the MyNetworkOne website indicating who owns or runs the business.
The MyNetworkOne website does have an “about us” page, however it is used only to market the company. No information about MyNetworkOne’s ownership or executive management is provided.
The MyNetworkOne website domain (“mynetworkone.com”) was registered on the 8th of June 2011, however the domain registration is set to private.
Further research reveals MyNetworkOne marketing material citing Rod Wortham as CEO of the company.
On his LinkedIn profile, Wortham (right) credits himself as Founder and CEO of MyNetworkOne LLC.
Why Wortham’s name does not appear anywhere on the MyNetworkOne website is unclear.
Prior to MyNetworkOne Wortham launched ToBizNet. The opportunity is now defunct, with ToBizNet advertising circa 2010-2011 suggesting it was advertising and marketing based.
A ToBizNet marketing video uploaded to YouTube in 2011 explains that ToBizNet affiliates were paid between $150 to $250 to recruit new ToBizNet affiliates.
Read on for a full review of the MyNetworkOne MLM business opportunity.
The MyNetworkOne Product Line
Products listed on the MyNetworkOne website include MNO Marketplace and Taxbot.
MNO Marketplace is an ecommerce portal populated with third-party merchants.
MNOMarketPlace has partnered with over 3,000+ popular online retailers to bring you the latest online coupons, sales, and promotions they currently have to offer.
These stores in turn pay fees for sending shoppers to them which is what creates your CashBack.
Membership with MNO Marketplace is free, with merchants the intended customers on the business opportunity side of things.
This appears to be through a “Biz1Stop” marketing system, which MyNetworkOne sell for $200 and then $99 a month.
For “community organizations, schools, churches, athletic groups or any organization needing to raise funds for their cause”, a $160 and then $60 a month “Fund1Stop” product is also available.
TaxBot is a tax management app created by Sandy Botkin. On the TaxBot website, Botkin describes himself as ‘the #1 Tax Coach in North America‘.
No retail pricing for TaxBot is provided on the MyNetworkOne website.
The MyNetworkOne Compensation Plan
The MyNetworkOne compensation plan sees affiliates paid to market the company’s products.
Residual commissions are paid out via a unilevel compensation structure, with recruitment commissions and shares in two bonus pools also available.
There are seven ranks within the MyNetworkOne compensation plan.
Along with their respective qualification criteria, they are as follows:
- Sales Agent – sign up as a MyNetworkOne affiliate, remain commission qualified and generate at least $27 a month CV in sales or recruited affiliate autoships
- Executive Sales Agent – maintain $27 a month in CV from sales or affiliate autoships, recruit and maintain at least three commission qualified affiliates, have a total monthly downline volume of $150 GV and distribute the MyNetworkOne app to at least ten users
- Bronze Sales Agent – maintain $27 a month in CV from sales or affiliate autoships, recruit and maintain at least three Executive Sales Agent ranked affiliates, have a total monthly downline volume of $450 GV and distribute the MyNetworkOne app to at least ten users
- Silver Sales Agent – maintain $27 a month in CV from sales or affiliate autoships, recruit and maintain at least three Bronze Sales Agent ranked affiliates, have a total monthly downline volume of $900 GV and distribute the MyNetworkOne app to at least one hundred and fifty users
- Gold Sales Agent – maintain $27 a month in CV from sales or affiliate autoships, recruit and maintain at least three Silver Sales Agent ranked affiliates, have a total monthly downline volume of $3000 GV and distribute the MyNetworkOne app to at least three hundred users
- Platinum Sales Agent – maintain $27 a month in CV from sales or affiliate autoships, recruit and maintain at least three Silver Sales Agent ranked affiliates, have a total monthly downline volume of $10,000 GV and distribute the MyNetworkOne app to at least four hundred users
- Diamond Sales Agent – maintain $27 a month in CV from sales or affiliate autoships, recruit and maintain at least three Platinum Sales Agent ranked affiliates, have a total monthly downline volume of $32,000 GV and distribute the MyNetworkOne app to at least five thousand four hundred users
In order to qualify for commissions, MyNetworkOne affiliates must either purchase or sell a “My1Stop product”.
There is no mention of My1Stop on the MyNetworkOne website, however in the compensation plan the product is described as follows:
MNO offers our flagship product – My1Stop. The OneStop is a state of the art, interactive, customizable homepage plus much MORE.
OneStop allows users to conduct all of their online activities from one location using MNO proprietary technology.
Customers may access their favorite websites, social media with integration, RSS feeds, local news, sports, weather, online calendar, personalization, and more.
My1Stop sells for $150 and then $30 a month.
Recruitment commissions in MyNetworkOne are paid out when newly recruited affiliates purchase My1Stop.
The sale of My1Stop to a personally recruited affiliate attracts a 30% commission.
Residual commissions in MyNetworkOne are paid out via a unilevel 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 level 1 affiliates go on to recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
Commissions are paid out as a percentage of sales volume generated on each level of the unilevel team, with how many levels a MyNetworkOne affiliate can earn on determined by their rank:
- Sales Agent – 10% on level 1
- Executive Sales Agent – 25% on level 1 and 5% on level 2
- Bronze Sales Agent – 25% on level 1 and 10% on level 2
- Silver Sales Agent – 25% on level 1, 10% on level 2 and 7% on level 3
- Gold Sales Agent – 25% on level 1, 10% on level 2, 7% on level 3 and 3% on level 4
- Platinum Sales Agent – 25% on level 1, 10% on level 2, 7% on level 3 and 3% on levels 4 and 5
- Diamond Sales Agent – 25% on level 1, 10% on level 2, 7% on level 3, 3% on levels 4 and 5 and 2% on level 6
Additional Income Centers
Platinum and Diamond Sales Agents are able to generate additional earning positions within their existing unilevel team.
These additional positions are placed anywhere below the first six levels of the unilevel team, effectively allowing a MyNetworkOne affiliate to double up on commissions earnt through the position.
Note that additional positions have their own Sales Agent qualification criteria, which must be met in order for the position to generate commissions.
Qualifications for additional unilevel positions at the Platinum and Diamond Sales Agent ranks requires an affiliate to have 100 customers on autoship (can be recruited affiliates or retail customers/merchants).
MyNetworkOne affiliates earn 50% of commissions generated by use of MyNetworkOne apps they give away.
These commissions are paid by merchants using the MyNetworkOne apps to engage users of the apps (the apps are given away for free).
MyNetworkOne’s rewards their “top sales performers” each quarter with a share in a bonus pool.
The Bonus Pool is made up of 5% of MyNetworkOne’s company-wide sales volume, with an equal share paid out to top sales performers for that quarter.
MyNetworkOne’s compensation plan material does not disclose how many affiliates can qualify for a share in the bonus pool.
Secret Agent Bonus Pool
Limited to the first five hundred affiliates who qualify, the Secret Agent Bonus Pool is made up of 1% of MyNetworkOne’s company-wide sales volume.
An affiliate can qualify for a share in the Secret Agent Pool by recruiting three affiliates who purchase the My1Stop product and giving away at least ten mobile apps.
Affiliate membership with MyNetworkOne is $49 and then $19.95 a month.
The legitimacy of MyNetworkOne hinges on $150 for ‘a state of the art, interactive, customizable homepage‘.
To put it bluntly, I don’t care what MyNetworkOne provide access to through this homepage, it’s not worth $150 and then $30 a month.
Nobody except MyNetworkOne affiliates is going to pay for My1Stop, which brings us to the issue of commission qualification.
As it stands it’s possible to sign up as a MyNetworkOne affiliate, by My1Stop, ignore the shopping portal and app and just get paid to recruit new affiliates who also buy My1Stop.
Rank progression will require the app to be given away (apparently users have to generate a homepage to prove their using it), but due to the nature of apps this is pretty easy to circumvent.
MyNetworkOne only verify a homepage has been created, with there being no actual verification of the purported user using the app.
The merchant side of the business and ecommerce portal could be legit, but then you’ve got to look at the fees attached. And that’s on top of app commissions paid out.
How are you going to pitch a $200 and then $99 a month ecommerce portal nobody has heard of to merchants?
Meanwhile TaxBot and whatever else is attached to the opportunity feels very “me too”, with there being little to nothing unique on offer (TaxBot for example is bundled with numerous MLM opportunities as a filler).
Even if we ignore all of the above and give MyNetworkOne the benefit of the doubt, legitimacy is easily verified by asking a potential upline how they generate their $27 a month rank requirement.
Follow that up by asking them how many active merchants they currently have, and how many copies of My1Stop they’ve sold to non-affiliates who are still paying monthly fees.
Weigh that up against their recruited downline paying monthly fees and you’ll have a pretty good idea of what you’re getting involved in.