Penny Matrix – the Good, Bad and the Ugly
Are you wondering if it is possible to make money with Penny Matrix?
A quickie answer from me would be yes! However, answering a better question may be in your best interest …
Let me get back to that after I explain who I am and where I am coming from.
As a veteran marketer for over 10 years with a full time job and a family of five I have seen and been involved with many different money making opportunities. This includes most network marketing and affiliate marketing programs. I have experienced making money as well as losing money in just about every compensation plan on planet earth… so I think I can provide some valuable feedback on the Penny Matrix income opportunity since I have been in many of these matrix programs.
The Good – What Makes the Penny Matrix Opportunity So Attractive?
The Penny Matrix overall concept is based on simplicity and ease of access for people to get involved. With a $7 price point it is affordable for everyone. The structure of the business is based on a 2×2 matrix through 14 levels, which is easy to understand. Each person has 2 directly under them resulting in levels of 2, 4, 8, 16 and so on. If you fill up the matrix you can make $6553.20 and if you sign-up 2 people who do the same you make $19,659.60 due to a 100% matching bonus on all personal recruits.
Now if you think about the above factors, it is easy to realize that it should be no problem to get a lot of people interested to join, especially since it is only a $7 opportunity. Also, because you can only have 2 people under you in the matrix, there is a high probability of spillover. These features attract a lot of people to the Penny Matrix. However, as you may have guessed, there are some drawbacks with this type of price point that you want to be aware of.
The Bad and Ugly of the Penny Matrix Opportunity
After watching the video above or on my capture page, you may be tempted to join Penny Matrix now. I want you to be aware however, of a few challenges and know what to expect in your journey of building this type of business.
First of all, because Penny Matrix is a low priced opportunity, you will more than likely find yourself dealing with people who join and do nothing. This is because there is nothing to lose… it’s only $7! In addition, it will take a lot of people (and time) to get to a level where you are making decent money if you are not planning on doing a lot of personal recruiting. This is because the Penny Matrix compensation plan pays out only $ .30 for every person in your matrix but for active builders it pays a 100% matching bonus on all personal downline recruits to infinity.
In other words… it is best to take advantage of the low price point and sign-up as many people personally into your downline as fast as possible. This is so you can benefit from momentum and the 100% matching bonuses.
This is one of the reasons I suggest using an outsourcing center like Pinoy Recruiting for building your Penny Matrix downline. Checkout this video, or any others from Tracy Davidson, the owner of Pinoy Recruiters. This was a major determining factor in my decision to join Penny Matrix.
Is Penny Matrix for You?
Personally this is your decision. I believe Penny Matrix can not only be a great income opportunity but also a good feeder program for your other opportunities. One of the major challenges in working with people new to network marketing or those not used to making an income from their own business is belief.
If you start people out with a believable level of income from an opportunity like Penny Matrix and lead them to making perhaps a few hundred dollars, then they will follow you.
If you sell them on a high priced opportunity giving them an expectation of making a thousand dollars a day when they have never made a hundred dollars in a day, you can bet that they will first have to build belief first before they take any confident action… this may be difficult to do before the person gets frustrated and quits due to no income.
Food for thought…
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