Is myEcon a pyramid scheme? In short, no. MyEcon is a legitimate business opportunity that offers financial services such as budgeting and investment advice, as well as credit counseling and other services to help people manage their finances.
MyEcon has been providing these services since 2005, which is proof that this isn’t a fly-by-night operation. It has been around for more than a decade, and it has been positively reviewed by thousands of people who have used its services. The company has also been approved by the Better Business Bureau, which further proves that it is a reliable and reputable service provider.
Another reason why MyEcon is not a pyramid scheme is that it does not require participants to pay an upfront fee in order to join. Participants can choose to join for free, or for a nominal fee depending on the level of services they are looking for. This makes it much easier for people to make an informed decision about whether or not they would like to pursue this as a business opportunity.
Additionally, MyEcon rewards its members for referring new customers through a commission-based system. This means that members are incentivized to refer more customers, but they do not benefit from any sales that their referrals make. This is the opposite of what happens in a pyramid scheme, where members are rewarded for recruiting others, but not for the products or services that those recruits provide. Therefore, it is clear that MyEcon is not a pyramid scheme.
In conclusion, MyEcon is not a pyramid scheme. It has been around since 2005, it is approved by the Better Business Bureau, and it does not require participants to pay a joining fee. It also rewards its members for referrals through commissions, and not by taking a cut of the profits made by their referrals. Therefore, if you are looking for a legitimate business opportunity, MyEcon is certainly worth considering.