Wondering if My 24 Hour Income is a scam? You probably want to check out this review before investing your money in this program.
My 24 Hour Income Review
PRODUCT NAME: My 24 Hour Income
Price: Free to sign up
Owner: Drew Burton
Overall Ranking: 30/100
Our Recommendation: This is just another RevShare Ponzi scheme that will eventually shut down like the rest of them. If you are looking to build a long-term online business, check out my top recommendation.
There has been a huge buzz about this program on Facebook, so out of curiosity, I decided to dig deep into My 24 Hour Income. This program is owned by renowned RevShare expert Drew Burton, who is seen as a leader and huge recruiter and has worked in many RevShare platforms around the internet. It seems like Drew Burton knows his stuff and brings his expertise and vast experience to his new venture, My 24 Hour Income.
In this review, I am going to be offering an honest review of My 24 Hour Income. I will be letting you know if this is a scam or a legit opportunity.
As this review is based on what they claim to be offering and what I have seen after opening a free account with the program, I will leave the comments open for My 24 Hour Income members and non-members alike to provide the most up to date information on the program. Whatever your thoughts are, please feel free to leave them here….Nice or Harsh. I can handle it 🙂
Before we get right into things here, let me tell you what exactly My 24 Hour Income is…
What is My 24 Hour Income and How Does it Work?
My 24 Hour Income is a new Revenue Sharing (RevShare) program and “highly targeted” advertising site that shares 100% of its revenue from selling advertisement products with its members. Their main objective is to provide multiple sources of withdrawal-able daily income for their members through providing quality advertising at a reasonable price.
My 24 Hour Income seems to become further from being a scam because it appears to have some affiliate products. While selling affiliate products is new to the RevShare business, My 24 Hour Income remains a Ponzi scheme because a large percentage of its revenue comes primarily from the purchase of ad-packs made by members. I will reference the FAQ section of My 24 Hour Income and a statement made by the SEC towards the end of this review.
How can You Make Money with My 24 Hour Income?
There are 4 ways you can earn money with My 24 Hour Income:
(1) Purchase Adpacks, and view 8 ads daily
Advertisement packages (Adpacks) are advertising credits members purchase to advertise their business on the traffic exchange network within the platform.
My 24 Hour Income offer 4 types of adpacks:
Adpack 1: This costs $5. It matures at 110% at 1.8% to 3.8% daily return on investment. This gives you 75 business directory ads, and the maximum number of packs you can purchase is 100.
Adpack 2: This costs $15. It matures at 115% at 1.8% to 3.8% daily return on investment. This gives you 200 business directory ads, and the maximum number of packs you can purchase at this level is 100.
Adpack 3: This costs $35. It matures at 120% at 1.8% to 3.8% daily return on investment. This gives you 500 business directory ads, and the maximum number of packs you can purchase at this level is 200.
Adpack 4: This was just added along with the pushing back launch announcement. This costs $75. It matures at 130% at 1.8% to 3.8% daily return on investment. This gives you 1200 business directory ads, and you can purchase an unlimited number of packs at this level.
For each and every one of these Adpack plans, there are no repurchase rules and 12% of your referral commissions goes to your sponsor.
(2) Earn Commissions from your Referral’s Purchases
At My 24 Hour Income, Sponsors (referrers) get 12% commission on every direct “Seed money” adpack purchase their referrals make. The sponsors make 8% on “Balance money” adpack purchases made by their referrals.
(3) Referral Commission Pool
This is something that is unique to My 24 Hour Income. I strongly doubt there is any other platform that offers something like this. I admire the creativity of this idea.
The idea behind this concept is very simple: There are referral commissions that come from people that do not have a sponsor. Because a certain percentage was supposed to go to their sponsors anyway, the commissions are gathered together and shared among all the active members of the Referral Commission Pool every day.
All you have to do to qualify as an active member of the Referral Commission Pool is have active Adpacks within the system.
(4) Licensed Affiliate Products
This is another thing that is new to the RevShare industry. They typically do not offer any affiliate products. There is a dedicated marketplace within My 24 Hour Income that offers products you could sell and keep as high as 75% of the sale. 5% of the sale falls back to the Adpack pool to help pay the Adpack holders within the system.
- Reputable owner with genuine intentions
- Available training and community (Facebook Group)
- Highly Targeted Ads service
- The SEC describes the business model adopted by My 24 Hour Income as a Ponzi Scheme
- Their website was not designed properly and is incredibly slow!
There are currently 4 payment processors in My 24 Hour Income: Payza, Solid Trust pay, Perfect Money and Payeer.
My 24 Hour Income offers the following advertising services:
- Banner Ads
- Text Ads
- Business Directory Ads
- Login Ads
- PPC Ads
- PPC with Geo-Targeting
Who is My 24 Hour Income for?
I would say this is for anyone that is willing to take a gamble in order to make a quick buck. With all the restrictions on withdrawals, it would even be more complicated to achieve that.
RevShare programs are hit and miss and they are certainly not the way to go if you are looking for long-term success. If you’re in for the long haul, just build an online business.
My 24 Hour Income Training & Tools
The owner has uploaded quite a few training videos on how to get started, how to set up your account, and basically the benefits that come with being a part of My 24 Hour Income.
These videos can be found on his YouTube channel, and also everywhere within the platform.
My 24 Hour Income Support
You can find a community of members within Facebook. Unlike most programs that have something to hide, My 24 Hour Income Support created a group that is open to everyone to access, even without joining the group. You can ask any questions you might have on this group.
The Business Model and the SEC…
Before getting into the FAQ and SEC stuff, let us summarize the business model of My 24 Hour Income. Once again, members and non-members are encouraged to disagree with me if they need to in the comments section. My summary of their Business model is: Selling affiliate products makes the program less of a scam and more of a legal opportunity, but a huge chunk of their revenue comes from member Adpack purchases. Correct?
Here is a transcript of a section of the FAQ page on the My 24 Hour Income:
Question: Is my24hourincome.com considered a scam or ponzi scheme or an illegal online business?
No. Any program that claims a Return on Investment (ROI) but has NO PRODUCT IS A SCAM! But my24hourincome.com Advertising Platform sells ADVERTISING SPACE! Just like a Billboard or a commercial on television. In order for any program to be legal, it is required to supply a service and/or product to you, the member! Here at my24hourincome.com, we sell traffic which is our basic product. All members that purchase ad packs will get Traffic exchange credits and guaranteed banner clicks.
While they have correctly stated what we have repeatedly been emphasizing on this site that a program that offers no service or product is a downright scam, it does not mean every program that offers a service or a product is legit.
Here is what the SEC had to say about the business model of another RevShare platform that just recently shut down, Traffic Monsoon:
More than 99% of Traffic Monsoon’s revenue comes from the sale of AdPacks. Traffic Monsoon could not pay returns to investors without the sale of new AdPacks. Traffic Monsoon is a classic Ponzi scheme in which investors are paid from money contributed from new investors, and there is little real business activity.
Make of this what you will but if Traffic Monsoon was shut down because of a similar business model, what makes you think My 24 Hour Income will be any different?
I just don’t see this program lasting long, to be honest. Just like most RevShares, My 24 Hour Income might go on for a few months or even years before the SEC comes after them too.
Like I said before, the program owner does not lie that you can make one million dollars in one day. It is free to sign-up, so you could easily get short-term gains from this program. Just remember it is a huge risk.
However, if you are looking to build a successful business that will serve you in the long term I advise you take a look at my top recommendation to be successful online. The least you could do if you want to make money online is to do it the proven way. You also get started for Free too.
I look forward to hearing from you in the comments. Cheers 🙂