Is My 24 Hour Income a scam? What is My 24 Hour Income about?
Is My 24 Hour Income scam or legit? Are you searching for My 24 Hour Income reviews in order to find it out? If so, then you’re absolutely in the right place. Here, within our My 24 Hour Income review, we have provided all the truth about My24HourIncome, such as What is My 24 hour Income, My 24 Hour Income complaints, about My24HourIncome scam claims, about negative My24HourIncome reviews, etc.
Before we begin with our My24HourIncome.com review, we want to make you clear that we have listed it within our Not Recommended sites list.
My 24 Hour Income is the revenue sharing advertising platform which is risky and illegal in itself and there are still other drawbacks about My 24 Hours Income about which we have explained in detail within our review as below.
Actually we only recommend the top rated companies like Wealthy Affiliate where there is not any big risk to work, which has been established from very long time with high rate of successful members, from where you can plan for your full time online income. If you are interested to know more about Wealthy Affiliate, then you can click this link:- newsonlineincome.com/wealthy-affiliate-review/
If you want to take a look at our recommended sites list, then you can find those in our Good and Trusted Online Works section by clicking this link:- newsonlineincome.com/legitimate-work-home-businesses/
OK, let’s begin with our review on My 24 Hour Income as below.
Update 27 December 2016: It seems My24HourIncome is already struggling to manage funds to pay to their all members even if after Payza releases their all funds because first of all they stop paying and now in order to over come the payment problems, they are making 90/10 split system under which members can withdraw the amount that they have quoted like lets say you are the member and you quote $500 minimum withdrawal amount, then you can withdraw only when your earnings reach $500, but in order to withdraw $500 next time, you have to pay back $450 to the system means by re-purchasing the AdPacks with 90% of your withdrawal amount, only after that you will be able to withdraw next time. So, it is just like now you can withdraw only 10% of your total earnings. We don’t think this will make the system any more sustainable because if the members can’t withdraw and keep on purchasing more AdPacks, then that will increase their revenue sharing positions more in upcoming days and again it will be more difficult to manage for My24HourIncome to pay to their all members. So, if they really want to make the system sustainable, they should start to focus on selling other products or services from which they can make real profit and then pay revenues to the members only when they can make real profit and doesn’t pay those days when they can’t generate profit by themselves.
Below you can find our review on My24HourIncome.
Background of My 24 Hour Income:
The owners and founders of My 24 Hour Income are Drew Burton and Faheem Rajput. And the company was registered in July, 2016. Actually these are the details which they claim by themselves but, all the details about them are hidden within WHOIS record. On top of that, Burton has already involved in bad companies like, Zukul Ad Network, Click Delivery and so on. And Burton was also involved with Fort Ad Pays which had turned out to be very bad business with lots of issues and complaints. Faheem Rajput is also promoting ZF Share which is another unsustainable site which was launched at the same time when the FortAdPays started creating problems.
So, the background of the owners is not so good and that is one of the bad symbols for any kind of business sector. If they don’t care promoting unsustainable and problematic companies, then we can’t believe them to care the members of their own site as well.
On top of that, the business model of My24HourIncome is illegal and also risky in itself because even they only pay their members when they real make profit, then also it can’t be sure they can always make profit and the members who keep on purchasing AdPacks, they may end up earning nothing because like this kind of site can stop paying revenues if they can’t make profit.
On the other hand, if they are not paying from real profit, then that means site is following the Ponzi Scheme. So, either way, it is risky business model. So, we suggest you completely ignore these kind of sites.
Aforementioned, the background of the owners of My24HourIncome is not good because they have involved with lots of failed and controversial sites. On top of that, My 24 Hour Income is a revenue sharing advertising company which is risky and illegal business model in itself and also they are offering 130% ROI and 12% sponsor commission on different levels which makes them to pay back 142% of the amount of AdPacks that members have purchased which is high ROI rate to be sustainable just by running this kind of business model. So, it is impossible for them to cover up 142% ROI in total.
Same kind of company, known as TrafficMonsoon, with same business model, but with less ROI, only around 110% and with sponsor commission 10%, means total 120% ROI is facing the court case filed by SEC in USA. So, comparing business model of My24HourIncome with TrafficMonsoon, it is already unsustainable and illegal.
Therefore, we don’t recommend you to join and work with My24HourIncome.
Actually, we only recommend top rated companies like Wealthy Affiliate where there is not big risk involved, which business model is legal and sustaining from very long time, where you can develop your career to make your future bright in online business sector. For more details on Wealthy Affiliate, please click this link:- newsonlineincome.com/wealthy-affiliate-review/
If you want to take a look at our list of recommended online works and businesses, then please click this link:- newsonlineincome.com/legitimate-work-home-businesses/
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