MyShoppingGenie

So he saved £99 on bunk beds and £30 on a slow cooker but paid $199 to join and $30 a month. Unless he's going to open a Youth Hostel that particular line of saving looks to have reached a peak.

You have to keep spending to make savings, but it costs you to do so. No way does the Genie find prices that aren't on Google, Amazon, Ebay or 1,000,001 other sites.

It's a classic Ponzi and it will collapse as soon as the new subscribers stop coming. That itself is inevitable either through lack of willing subscribers or simply no more web-savvy people on the planet.

The early movers win, the later joiners lose, then look for someone to blame.....

There's none so blind as those who won't see.

Mark

Or the late joiners simply join their "guru" who has jumped ship to surf the growth phase of the next "big" one ????..

Will they ever learn ??

Have a good weekend

Regards

Mike P

Bumping it, cos I just felt other people are trying to get the answer before me.

What happened to fairness? I asked first.

Bump.

.

Well?

Get to the back of the queue Mark. he he.

Never mind all the is it/ is it not a pyramid. Product is rubbish.

This so called free gift gives you buttons for Amazon, Tesco, Misco (what!), and Buy.com. Why the heck do I need a toolbar to take me to any of these sites when I have Google.

Then there is the next button called "Compare" which is meant to be the heart of the App. So what does this give me? The very cheapest price ever in flashing red lights on e.g on a double ended dingle-dongle with 2 USP sockets??

Not at all - it gives me links to Ciao, Shopping.com, Biz Rate.com, Dealtime and Kelkoo. So I still have to trawl these sites to find the very best ever cheapest widgit. Might as well have Googled in the first place.

Then there is a map button of the UK - wow, double wow!

Finally there is the voucher button - at this point I have lost the will to live...........

BTW how do I get rid of the MSG tool bar now I have it. Hmm

Buy a mac.

I've been following this thread with interest - well kind of, as just want to see answers to the basic questions

What basic question is that Phil?
"How do you get any kind of ROI from this product?"

If so, I'm still waiting for that one.

Hi Mike

I do try to reply to posts with questions asap, However, I have been away at an m.s.g. leadership weekend ( i will cover other posts in this thread asap). I hope the below helps with your understanding

Re ppc

MyNet Universe has a master publishing agreement with the major shopping engines that are represented in the compare area (kelkoo etc). MyNet Universe is paid monthly based on the quality traffic that the Genie users create and then passes on the Distributor earnings. PPC revenue is split 50/50 between MyNet Universe and the Distributor - NO funds relating to pay per click come from the licence fee.

EG - If someone clicks compare and go, the genie finds them the best price on each search engine - then as the end user clicks on the links that drive to the merchants website, if the search engine recieves a ppc income from the link, they then pay a percentage onto msg who splits what they get 50/50 with us. - i.e. end user no cost to use, the search engine receives money from advertising ppc they then pay msg a percentage who pay us 50% of what they get - so msg only pay money on this part of the plan when they receive from ppc income themselves.

The search is unbiased as it will show you the cheapest price and is not based on who pays the most for ppc( if people want to see who pays the most for ppc it would probably be on the front page of google, the genie goes deep into the pages to find the best price) - not all merchants online pay ppc to the search engines (the genie still finds these for you if they are the lowest price for what you have searched for) - thats why we say the avarage ppc rather than an exact figure - one app may earn you $1in a given month, another may earn you $5 one thats not used obviously earns you £0

in a nut shell the ppc income for a distributor comes from ppc links ( that merchats/retailers pay ppc advertising to the search engine) that are clicked on as people price compare.

This is a price comparison app - no sale is required to earn, as people can also go to their local stores if they wish. We also give the app away to the customer (end user) for free

Re Licence sale side (introducing other people to distribute the app and licences if they choose) comissions are paid from the funds raised by the company on the sale of licences and the monthy subscription fees (this is seperate and optional). I have in my previous threads broken down the comp plan

I have tried to make this as straight forward as i can, however, I would be happy to chat this through with you should you wish, or if you need further clarification just post again

Regards

HI

the branding does not generate ppc income - when someone buys a licence they can brand it at no extra cost should they wish, if someone clicks on this part of the app where thier branding is it will direct the person direct to the website that the licence holder wishes, So anyone who has my app sees my logo on the front page of google regardless of the search as the app comes along the bottom of the screen (not browser) every time they do a google search as we ride on the top of google. I am finding business owners love this, I have sold licences to some who have no intention of building a team but it is giving brand awareness to all that have installed thier app (for free) each time they do any google search and they can earn ppc. ( branding on front page of google regardless of search for less than 65p per day - thats value - if they earn more than $29 in ppc per month then that covers the monthly cost.

Someone can re brand at any time at no extra cost and all the apps that were given out previously update themselves.

For example if i had a print company i could give my app away for free to my clients, say i am advertising a business card offer on my app, the clients( who install the app) would see it when they go online and do any search, if they clicked on the area branded it would take them to my site where the offer was - say i give 100 apps away then next month i change the branding to leaflet offer click here, when the original 100 (who had seen the bus card offer) go online the app updates itself and they would then see my new branding. I think thats powerful. one could change it every day if they wished at no extra cost

where the branding could give potential revenue is it drives people to your other business web site etc, thats the whole point of the branding along with brand awareness ( I link mine back to my msg site)

I hope this covers this point for you

I'm not commenting directly about MSG here. In terms of "pyramid selling", the Direct Selling Association says at http://www.dsa.org.uk/start-your-own-business/faq/

"[pyramid schemes] make little reference to Direct Selling and the need to achieve consumer sales. Instead, they imply that the main source of rewards comes from getting others to make substantial initial investments."

Wikipedia also says at http://en.wikipedia.org/wiki/Pyramid_selling

"A successful pyramid scheme combines a fake yet seemingly credible business with a simple-to-understand yet sophisticated-sounding money-making formula which is used for profit. The essential idea is that a "con artist" Mr. X, makes only one payment. To start earning, Mr. X has to recruit others like him who will also make one payment each. Mr. X gets paid out of receipts from those new recruits. They then go on to recruit others. As each new recruit makes a payment, Mr. X gets a cut. He is thus promised exponential benefits as the "business" expands."

And goes on to say that the FTC warns

"Not all multilevel marketing plans are legitimate. Some are pyramid schemes. It's best not to get involved in plans where the money you make is based primarily on the number of distributors you recruit and your sales to them, rather than on your sales to people outside the plan who intend to use the products."

Hi

I know that your post was not specifically re msg -

I just point out that currently even after the primetime report - there is no legal challege in Ireland or the UK against msg (and no further reports have been done in Ireland and not one ever done in the uk.), and msg were and are working with the appropriate bodies to ensure compliance - If they need to change anything to suit the irish law (different from the uk law) or uk, they will do, then no doubt have those changes worldwide. It should be noted that they were already in the compliance process prior to the article. Many companies have to make modifications to ensure compliance, I know Agel did when they came into the UK, ACN and many others - What they would be if any, time will tell.

Hi Mark

The people who made the savings did not have to pay for a licence.

Its FREE to have the app, I am sure thats been mentioned in many posts more than once - anyone on this forum can have it for FREE, at NO cost, FREE of charge, without having to pay 1p - I am obviously hammering the point here, to ensure no confusion.

Only people who wish to buy a licence to distribute the app have to pay $199 and $29 a month - not someone who just wants the app = they get if for FREE, The person who gave me my app - gave it to me for FREE. (we use our introducers app, people we introduce used ours and so on)

As you say "There's none so blind as those who won't see".

I hope this clarifies the cost point for an end user

Alan

Hi Mark/Mike

Its a binary plan like monavie and agel - All companies started at day one,once, even those now decades old like amway, also when monavie and agel launched, leaders moved to them like Brigg Hart, Randy Schroeder, Eric Worrie, Randy Gage - So many leaders do feel its important to be in at the start of something that can grow big -

Mark are you saying people who join down the line are loosers ? The 2 great companies i mentioned above that have a binary plan would thier new distributors be losers ? as they are approx 6 years old, so not really an early mover .Personally I think people can still do very well joining these companies.

Regards

Alan