Realize The Truth About My Shopping Genie
- Author James Hicks
- Published December 7, 2010
- Word count 675
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 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. As far as they are concerned the My Shopping Genie biz op is a scam, they are stating that its just a pyramid scheme with no products and people only getting paid for introducing others.
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. Don't forget the monthly cost of $30 for your website and back office! This business was co-founded by a guy called Bruce Bise who says the whole thing is legit and legal. He himself has done time for fraud before..
When a Genie distributor signs up they will earn $100 for every 2 new licenses they sell. This is probably where most of the My Shopping Genie scam allegations stem from. You are directly being rewarded for bringing others into the opportunity.
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 home based business industry, is there any company out there which hasn't been slated by someone at some point? Some people just don't like the idea of free enterprise, some are jealous, others have tried and failed, there will be a ton of other reasons as well. You are always better off looking into the facts for yourself rather than taking someone else's word for it.
If you want to see if there are any complaints registered against the opportunity/company in question then you can go to the Better Business Bureau. I checked out the Genie's parent company MyNet Universe and they've been awarded a B+ rating (which is a high score). Their 36 month register has absolutely no complaints registered at all. There is a record that the company received a recommendation and warning for using the word FREE in their advertising, apart from that there is nothing else.
It really is down to the individual and their views to decide if the Genie is a scam or not. There are some folks who just don't agree with the idea of network marketing period. Obviously to them the Genie is not and never will be legitimate.
Whether or not the Genie is out to scam you will hinge on your own individual feelings about MLM in general. 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.
The Genie certainly does seem to be a solid business opportunity with great rewards, I particularly like the earning potential from other people using the Genie as a shopping tool, some serious residual income could be built easily.
If you know how to generate a lot of leads for your business and have some good marketing skills then you can do very well with this opportunity.
This particular My Shopping Genie scam examination was delivered to you by J T Hicks. Want to be a top rated producer with the Genie? Understand the techniques of the pros at his MLM marketing webpage.
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