My Shopping Genie is quite a new opportunity and has been getting quite a lot of publicity. It allows you to search for the best deals on line when you want to buy something, the software you can download for free. Some are saying that the business opportunity attached to it is a scam..
The My Shopping Genie is run by a company called MyNet Universe who have been around since 2007, the Genie system actually integrates with EBay and Clickbank, two of the biggest retailers online. It will pop up on your browser showing the best deals when you search for a product.
Prime Time, a TV investigation programme recently looked into the Genie and sent an undercover agent to the launch meeting in Ireland. They say it’s not a legitimate business, they heavily point out that it is a pyramid scheme promising false hopes of wealth and prosperity.
As far as the ‘product’ goes, when you pay your $199 to join the business opportunity you are paying for a license to give away free My Shopping Genie software and to enrol others into the opportunity. Remember the ongoing cost of 30 bucks a month! Its always a little worrying when one of the co-founders of a business has been convicted of fraud before. This unfortunately is the case with Bruce Bise (you can Google him if you want to learn more).
Every 2 licenses you sell for the Genie will earn you $100. Of course one of the perks of this binary compensation plan is that you are being paid for bringing in others into the system, which will of course prompt some to start making ‘scam’ allegations.
Of course you are then also eligible for the other income earning streams of pay-per-click (PPC), pay-per-sale (PPS), and pay-per-offer (PPO) as the users of the Genie Web Apps you gave them shop and price compare at hundreds of thousands of online stores for millions of products and special offers.
Complaints seem to be part and parcel of the MLM home based business industry, is there any company out there which hasn’t been slated by someone at some point? With such a wide variety of people getting involved it’s only natural, there are those who just don’t like to see others succeed, perhaps because they have tried and failed themselves. Or in some cases there could be genuine reasons for getting the hump with a company or opportunity. When assessing any opportunity its best just to concentrate in the facts and find out if there is any legitimate reason for negativity.
When checking out a company I always like to start at the Better Business Bureau. Doing a search on MyNet Universe, the company behind the Genie shows that they have a B+ rating which is very respectable. In the last thirty six months their records show no complaints whatsoever. The only negative event registered is a warning for some of their advertising material, which contained the word ‘free’.
To be honest you will need to make your own mind up about the legitimacy of My Shopping Genie scam reports. Some people just HATE network marketing and others HATE success and will do what they can to bring everyone else down to their level.
So your decision about this business will rest on your own personal love or hate of network marketing. The Genie is not top of the stack for me personally, but then again I prefer network marketing companies with tangible products. Network marketing has unfortunately been tarnished over the years as the result of extravagant marketing. People making promises of quick fast money within days (which for most people this will never happen) doesn’t really help the industry.
Overall the Shopping Genie seems to be a good business plan, with some potential for some very nice residual income.
There are already people making some good money with the Genie, these people are using simple strategies to generate massive amounts of leads to their business and they understand the principles of effective marketing.
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