Website – https://mylotterystore.com/
When I came across My Lottery Store, I was interested in how the website works and if it can help people make money from it. In this review, we are going to discuss the same and see if this opportunity can help people make a consistent income online.
Everybody loves to bet on luck. Everybody loves the lottery. But only a few lottery systems allow you to bet in cryptocurrencies. This is where My Lottery Store has managed to carve out a niche in itself.
The platform allows users to bet in cryptos and also to redeem their earnings in cryptos. There is no conversion charge whatsoever. Just simple cryptocurrency-based betting.
But the whole program just sounds too good to be true, hence I would recommend that you read the review before you go ahead and invest your time and money on the website.
What Is My Lottery Store?
My Lottery Store is a lottery website that is completely based on cryptocurrency. The website works as a normal lottery platform but uses various cryptocurrencies as a medium of exchange. However, the website has more to it, than just a simple lottery website.
My Lottery Store is more of an MLM (Multi-Level Marketing) platform than a lottery website. Basically, users earn a commission whenever they introduce someone to the website. The commission rate depends on a number of factors (that have been mentioned later).
How Does It Work?
To get started, first you need to sign up on the website. Users have the option to either sign up as a player and play the lottery themselves, or they can sign up as an agent and introduce others to the website.
The signup process is pretty quick, and straightforward.
If you have signed up as a player, next you are required to buy a ticket. These vary in price, and the more expensive your ticket is, the more chance you have of winning. The jackpot prize is usually around the $100 million mark.
Alternatively, if you have signed up as an affiliate, your only job is to refer others to join the website. For every ticket that your referral purchases, you end up making around 50 to 60 cents. These earnings can then be redeemed for real cash.
One thing to notice though is the fact that My Lottery Store hasn’t been registered with the State to operate as a lottery business in the United States. By law, every lottery business is required to obtain certain licenses, and register with the State, to be a legal entity.
The Affiliate Tier System
Not every referral earns you the same commission. Like other MLM networks, even My Lottery System follows a tier-based affiliate commission system. The tiers and commissions are as follows.
- Level 1 Affiliate – 50 cents per ticket sold.
- Level 2 Affiliate – 25 cents per ticket sold.
Pros
1. My Lottery Store is one of the few lottery websites that allow users to use cryptocurrency as the medium of exchange.
2. The signup process is quite simple. Overall, the use and feel of the website are quite comfortable. The website is well designed with easy navigation.
3. The jackpot prize is always a gigantic amount, constantly around $100 million.
4. The website also offers an affiliate network earning opportunity.
Cons
1. The website is not legally registered. It is mandatory by law, for every lottery business to be registered with the State in the United States. However, it is operating illegally, making it a very risky website.
2. The affiliate network is only 2 levels deep, unlike the competition. Other websites, operating in the same niche, offer a much more robust affiliate network system.
3. The commissions earned from both the levels are quite low. This is not sufficient to become a secondary source of passive income.
4. The website only uses cryptocurrencies. This may create an entry barrier for many potential customers.
Would I recommend this website?
My Lottery Store is not a website I would recommend. The commissions paid are less but you are going to be asking people to join a lottery site.
The lottery is never the right way to earn money. It is just something you should do in your free time when you have some extra money and the whole premise should be that it is controlled and done for fun.
There are a few gamblers out there who are addicted and it would be not great to sell them the membership of such websites.
Overall, it is best to stay away from the website because the website mainly focuses on you selling the membership of this website to someone else with a promise that if they buy, they too can make money just like you did by selling to them.
So basically everyone would end up selling the membership to each other and in reality, the only person who makes real money is the owner because let’s face it, the commissions you are paid here are extremely less.
You even need to pay so that you can start promoting the membership. This just does not make sense because most of the legit affiliate networks are free to join since you are promoting them for free anyway and you make a commission only when a sale is made.
So, the whole idea behind paying hundreds of dollars just to promote the website does not make sense. Overall, MLM programs are very dodgy and they never do anything good to anyone so I would recommend that you stay away from such programs.
Conclusion
MLM programs like My Lottery Store are simply a waste of time and energy. You are not going to make money from it since it is a luck-based game and if you think you can make an income by recommending people to this website then you should forget that as well.
MLMs are not the right way to make money online and I would highly recommend that you look for other courses out there that sincerely help you to make money online and not just give away fake promises.
If you are serious about making money online then you should join a course that would help you in doing so. When I started my online journey, I wanted a course that would help me make some serious money online.
The course I used is Wealthy Affiliate and that worked really well. It teaches affiliate marketing to beginners and you can start your online business from scratch using this course.
The course is FREE to get started and if you go premium within the first seven days of joining the course so basically during your trial period then you get the premium membership for an introductory offer of about $19.
During this time you can see if the course is meant for you and if you can follow all the training and try and build your own online business. Everything that you need is inside the training course within Wealthy Affiliate so it is the best place to go.
Apart, from it, you just need to work hard and spend some time on it every day so that you can see some results. It is not a get rich quick scheme so you might have to actually work hard to make money online but it is definitely worth it in the long run.
You would be earning a passive income from any part of the world and you will be doing it from your laptop. Basically this way you get financial freedom and you do not have to answer to your boss.
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!
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