Before we talk about whether or not Myincomeplace is a scam, I would like to mention that over the years, Revenue Share or Investment programs have been on the rise in the online money making industry.
Many online marketers struggle to make via multi level marketing and affiliate marketing so many have resorted to revenue shares and high yield investment programs as the easier way out.
The top recruiters in the online marketing game, also use this medium o make even more money, since it is way easier to promote programs that doesn’t require referring to earn.
That said, I personally think 97% of Revenue shares have expiry dates, since the business model is not sustainable.
Though I hate to admit it, Revenue shares are ponzi schemes.
Once there are no new members joining to pump fresh money into the system, and old members continue to repurchase with their ad packs without putting in fresh money from the pocket, the system will collapse eventually.
Because they won’t stay around forever, you have to learn how to prevent losing money in revenue shares.
Mypayingads so far have earned my trust, since they are trying everything possible to make the program sustainable.
Even with that, they may only last for about 4 to 5 years, I presume, unless they are able to push funds into the system from external sources, like it is done at Futurenet.
The expiry date for most revenue shares is two to three years, but with Mypayingads, I predict they would grow stronger, despite the recent change in policies, introduced as a long term plan.
Now to the subject matter: Is Myincomeplace A Scam?
Let us scrutinize Myincomeplace…
hehe website and colours look almost like a carbon copy mypayingads!
Why can’t people be original?
Website looks good though.
They have Amazon ads displayed on the site as additional source of revenue(which I don’t think would generate much for an organization with a large member base)
What Is Myincomeplace:
“MyIncomePlace.com is an advertising site. We work on bringing High Quality traffic to your website or/and affiliate program, and we also offer a opportunity for you to make money with us through our revenue sharing plans and Viewing our Advertiser Ads.”
Well, like I said, the owner of Myincomeplace referred to Mypayingads to build this.
Their adpackages however start from $1, and they are as follow…
Copper – Costs $1 each
Silver – Costs $5 each
Gold – Costs $10 each
Ruby – Costs $20 each
Diamond – Costs $40 each.
Though website template is very similar to mypayingads, their returns on adpackages are higher; up to 10% ROI daily!
They might be paying now but unless they review their policies, I don’t see myincomeplace lasting longer than a year or two.
Doesn’t look like a scam but I don’t think they would last long.
Play your cards well.