What Is My 1 Dollar Business? Scam Or Legit?
What Is My 1 Dollar Business? Scam Or Legit?
Name: My 1 Dollar Business
Owner: Steve Gresham
Price: $1- $181 per month
Overall Rank: 5 Out of 10
Must you have heard about this opportunity from a blog post or from the social media? But is this company real? Or is My 1 Dollar Business another scam that won’t deliver what they promise at the end of the day?
Because of a lot of requests and the noise surrounding this company, I have decided to do a thorough research what they are all about.
My main goal is to help you know how they run and if you can invest your time with them.
Stay tuned, as I thoroughly review this program and give you guys the scoop on whether it legit as well as answering many other questions you have here before joining.
What Is My 1 Dollar Business All About?
My 1 Dollar Business is a relatively new direct sales company that was established in 2016 by Steve Gresham out of Georgia, U.S.A.
The domain name registration for My 1 Dollar Business website, “my1dollarbusiness.com” was first acquired on September 26, 2016, and then last updated on October 11, 2016.
Steve runs 3 websites. My 1 Dollar Business is one of them.
Steve first website was “savingshighwaymedia.com” and registered on September 27, 2010, and then last updated on April 29, 2015, but the site seems no more working.
In his new site, my1dollarbusiness.com, Steve claims that his system can take you automatically from $1.00 to $10,000.00 potential monthly income by following his program.
See The Screenshot Below
This is a typical claim that you’d expect to hear in make money industry.
Will this program actually work?
Let’s see if Steve can deliver a promotional product to go along with the overhyped claim.
What Are Products And Service Offered By My 1 Dollar Business?
My 1 dollar Business is a Multi-level Marketing company that offers membership packages to its customers.
Currently, the company does not offer any retail products which mean members of the company have nothing more than membership packages to try and offer to people that might be interested in it.
Quality products are critical for any MLM company to be successful. Unfortunately, you won’t find any form of retail products in My 1 Dollar Business.
It pretty hard for a direct sale company to survive in the long run without the presence of retail sales.
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The Various My 1 Dollar Business Membership Levels
My 1 Dollar Business offers several membership packages which include:
In this membership package, you are offered:
- Access $700 in Grocery & Non-Food Coupons (USA)
- Free Apps that help you Save Money
- Free “Cash for Receipts” Apps
- Member Success & Personal Development Module
- Free Automated Business System
- Replicated Website and Tracking System
- Free Online Support
In addition to $1 Membership package’s benefits, you’ll get Phase 1 Member Success & Development Module, and World’s Greatest International Travel in this package.
You will get everything from $1 Member, plus Phase 2 Member Success & Development Module, and DeductrPro Tax Software in this membership phase.
This package includes everything from $1 Member membership package plus Phase 3 Member Success & Development Module, International Hotel Membership, and International Worldwide Condos.
You’ll get everything from Phase 3 plus Phase 4 Member Success & Development Module, USA Family Legal plan, USA 24-Hours Roadside Assistance, USA 24-Hours Shopping Concierge, International Discount Directory, Phase 4 Member’s Only Success Coaching, Special Recognition for Phase 4 Member, Free Luxury Vacation with 10 Personally Referral Phase 4 Members.
Once you have made it into Phase 4 and helped 10 personally referred members do the same, they will offer you: Wealth Management Module, Leader’s Free Vacation, Super Affiliate Free Vacation, Super Affiliate Profit Sharing.
How Do I Make Money With My 1 Dollar Business?
Duh! you’re paid by bringing in new members to the company. With that being said, you will need to sign more people up to make more money. Make sense?
For $1 Member, you’ll get 20% direct personal referral customer commission and 5% team commission. Totaling, your monthly earning potential is $102.30.
For Phase 1, you’ll get 20% direct personal referral customer commission and 5% team commission. Totaling, your monthly earning potential is $1023.00.
For Phase 2, you’ll get 20% direct personal referral customer commission and 5% team commission. Totaling, your monthly earning potential is $2,046.00.
For Phase 3, you’ll get 20% direct personal referral customer commission and 5% team commission. Totaling, your monthly earning potential is $5,115.00.
For Phase 4, you’ll get 20% direct personal referral customer commission and 5% team commission. Totaling, your monthly earning potential is $10,230.00.
For Phase 5, no earning potential disclosed.
Below Is A Screenshot Of Their Detail Commission Structure.
Note: Commissions are paid monthly on or before the 15th of each month and their minimum commission payout is $50.
What I Like About My 1 Dollar Business
- Low start-up cost
- Work from home and more flexible
- You can make some money
What I Don’t Like About My 1 Dollar Business
- This business opportunity is based on recruiting model
- In essence, this is not a real business.
- These typical systems don’t last long
- It’s not a viable business opportunity since you didn’t own the website.
- Direct marketing is not for everyone
Who Exactly Is My 1 Dollar Business For?
My 1 Dollar Business is meant for those are good at people skill. If you think that you are the next best recruiter then this program may be for you.
Your goals once you get involved in the program is likely going to sell their affiliate membership package to others and push them forward to invest more in the company so you earn more commission.
If you don’t feel like selling the same membership packages to other folks, then may not be the program for you.
Here’s What I Really Think
At the end of the day, I believe My 1 Dollar Business is a decent company. Steve Gresham and My 1 Dollar Business are definitely one of the more legitimate groups within an industry.
My only issue is that they use MLM and network marketing model which the success rate of this business model is very low and typically it takes 2-4 years to reach any type of decent monthly income.
It might take 5000-10,000 reps in your downline to produce sufficient group monthly volume to achieve a 5 figure monthly income.
Guess what? There is no quick way to add 5,000 people to your team quickly. You have to rely on team duplication within your downline.
This may take a lot of time and energy. That’s why you should check out My #1 Recommendation.
If you have a question, comment or you would like to add your personal review of My 1 Dollar Business, leave a message below. I love to hear about it.
Thanks for reading.
All the best!