If you are reading this post then you might be interested in making money with this website called MY Gold Rev, now as much as the website does look interesting, in this review we are going to talk about every feature on the website.
One of the safest ways to grow your money is to invest it in gold. This sounds really simple, but investing in gold has never been easy. For starters, you need a huge sum of money to buy a decent amount of gold.
Secondly, you need a safe place to store and keep the asset safe. These are the biggest challenges that a gold investor faces. But a new website, My Gold Rev claims to have come up with a modern solution catering to these problems.
But is it too good to be true? There are so many similar websites out there that claim the same so is My Gold Rev worth the money?
Or are you just wasting your time by investing in something that is not going to get you anywhere? Without wasting any more time, let’s jump into the review.
Website URL- https://mygoldrev.com/
What Is My Gold Rev?
My Gold Rev is an online platform that allows users to invest their money in gold. The website makes this process extremely simple and straightforward. The platform also promises the users to give a daily return on their investments.
Users can get started with only $20. This is a huge boost, especially in the gold industry. Investing in gold has traditionally involved a huge capital investment upfront, but My Gold Rev has managed to disrupt this practice, for the good.
Also, by promising a daily ROI, the risk factor is reduced tremendously.
How Does It Work?
To get started with My Gold Rev, users first need to register on the website. This is an easy process and requires only some basic information.
After signing up, however, the users are required to subscribe to one of the business plans offered by the website. There are three different packages starting at just $20.
After subscribing to one of the packages, you are required to deposit your money. This money is paid back along with interest at the end of the package’s tenure (ranging from 80-100 days).
The payments are made by the website from Monday to Friday. However, on requesting a withdrawal, the website charges 10% redemption fees. Also, another factor to keep in mind is that the minimum withdrawal requirement is $10.
The website also features an affiliate program, where users earn a 10% referral income for each new user that they refer to a business plan.
The Business Plans
The investment plans on the website have been labeled as “Business Plans”. There are three different business plans that have been explained under –
1. Package 1 – Investments range from $20 to $10,000. The investment period is 80 days, with a daily return of 2%. The return is capped at $1,000.
2. Package 2 – Investments range from $10,001 to $50,000. The investment period is 90 days, with a daily return of 2.5%. The return is capped at $5,000.
3. Package 3 – Investments range from $50,001 to $100,000. The investment period is 100 days, with a daily return of 3.5%. The return is capped at $10,000.
MLM Scheme
My Gold Rev works on a binary MLM system where you hire two referrals who form the left hand and the right hand. These are your Level 1 members.
Now, these two members are going to hire more referrals making them level 2 referrals and so on. Basically you are expected to have a lot of referrals so that you can make money.
However, something that they forget to consider is that not everyone buys into their bullshit. No one is going to pay money to just buy the membership of a website that is a scam.
Pros
1. The barrier to entry is really low. The minimum required to start investing is just $20.
2. The minimum withdrawal is just $10.
3. The website offers three different packages offering great flexibility.
4. The daily ROI is great, with up to 3.5% on a daily basis.
5. There is a 0 internal transfer fee.
6. The affiliate program is decent, with 10% referral commissions.
Cons
1. There is a 10% fee for every withdrawal. This can be a real deal-breaker.
2. The website is not completely transparent about the investments made.
3. The website only uses three virtual currencies – Perfect Money, Payeer and Bitcoin.
4. The investments are managed by the website itself. There is no credible institution involved.
Would I recommend this website?
No. The website is dodgy. You never know what is happening to your money once you hand it over to them. You may or may not get any returns for the money that you invest after three months.
Three months is a pretty short period of time and I highly doubt if they would be able to give your money with the ROI promised.
Well, that way I even doubt if this website is going to stay for that long. All they want you to do is to convince you to sell their membership to other people whom you know.
This way they would get more investments from people. There are so many people who have lost money on such websites and that is one of the major reasons I would not recommend anyone to invest in something as stupid as this.
The website has an MLM program and it tries to lure you into this by convincing you to get referrals who would then promote the same program to others.
MLM schemes are pretty dodgy as they only sell the membership to others and they are not selling anything of value. It makes sense to promote something that has a considerable amount of credibility but this website’s MEMBERSHIP is not one among them.
Conclusion
MY Gold Rev is not the right way to get started with making money online. Something that you need to understand is that most of the MLMs are not going to help you make any money.
It might look like an easy job to hire people as your referrals but it is way more difficult than it looks. If you really want to make money online then you should look out for courses that would help you achieve your goals.
It is possible to make money while you sleep but initially, you need to learn Internet marketing and put the efforts that are needed in order to see the desired results.
If you are serious about making money online then you can get started with affiliate marketing. I got started the same way and I can say that it is probably one of the cheapest ways to get started online for a beginner.
The course I joined does not require you to have any coding skills, and neither do you need to have an inventory. You can get started at an introductory offer of $19 a month and if you want a free trial you get that as well!
The course that I joined to learn affiliate marketing was Wealthy Affiliate. One of the reasons I went for it was because it had worked for many people in the past and it was affordable so I had nothing to lose.
You can join in the trial period and upgrade to premium within 7 days since it would just cost you $19 for the first month.
Inside the course, you would get a step by step training on how you can start your online business. The course is easy to understand and follow, apart from that, you would be able to get my personal opinion on your websites.
I could help you choose a profitable niche that can make money within 3-6 months. This might sound like a long time to make money, but that is how long it takes for any website to get off the ground.
You need to be consistent and put some effort into making money online. There is no ‘get rich quick’ scheme that works, and if it did, then everyone would be doing it, and no one would waste time working hard.
So, check out Wealthy Affiliate if you are interested in making a full-time income online. You can get started for FREE today!
==> Get Started for Free Today
If you have any questions about this course, then let me know in the comments below, and I would be happy to help!
If you want to share your experiences, then feel free to do so as it would help our readers.
If you like the post, then do not forget to share it on social media!
Leave a Reply