My24HourIncome Review [Stay Away]
Removed from Recommended list on November 2016!
Reason: My24HourIncome was hacked by someone and almost 70% reserve was stolen. This will be having major impact on program stability as almost 3/4th of reserve is now lost. Members will start withdrawing money as soon as they open withdrawals.
Update [Jan 31]: They have resumed the program by adding some weird rules. Program is now working on 90% repurchase rule, means if you add $100 you can withdraw $110. Also there are too much drama going around the program regarding hacker and pirated script. He even stopped paying now giving pity excuses. I strongly suggest to stay away from MY24HourIncome.
My24HourIncome Quick Overview!
- Launched: August 20, 2016.
- Owner of M24HI: Drew Burton.
- Total Members: 48,000+
- Payment Processors: Perfect Money, Payeer & Bitcoins.
- Daily Earnings Cap: 2.0% – 3.8%.
My24HourIncome (MY24HI) was launched on 20th August after a very long pre-launch period of almost 6 weeks. It created too much hype around the industry as admin was popular among Facebook community and program started with 15,000+ members, one of the biggest launch.
MY24HourIncome is still booming and maintaining the momentum.
Main owner and admin of the program is Drew Burton, one of the successful marketer of revshare industry. Members who are active on Facebook media might have heard about him as he was always active with his Facebook-YouTube marketing. He was also top recruiter of FAP & CD.
As we all know, most revenue share programs are ponzi schemes without any genuine external source of income. Therefore fresh funds are required to keep the program running and paying for longer period. It is likely that the program stalls when members stop adding fresh funds.
Keeping this on mind, Drew has come up with an idea of ‘Outside Compounding’. According this rule, members are not allowed to use any of their earnings or commissions to purchase ad packs directly. Instead, they have to withdraw those earnings and re-deposit from processors.
- MY24HourIncome have 4 level ad packs starting from $5 to $75. We can purchase a max of 100 ad packs in level 1 & 2, 200 ad packs in level 3 and unlimited ad packs in level 4.
- Ad packs provides 110% – 130% ROI on maturity.
- They also offers 3 level deep referral commissions: 8% – 2% – 2%.
- Revenues are shared every hour and surfing 8 ads daily is mandatory to earn.
- Unlimited withdrawals open 24/7.
Certain things to remember!
- You are required to purchase ad packs from lower levels. Only once you max out lower levels, you can move into higher level ad packs.
- Leadership pool earnings of 5% are distributed only on Sundays.
My Account Summary as on Nov 15!
I have started with quite a big amount, repurchased for first 30 days. Started taking out seed completely when they reduced daily cap of $35 and $75 packs from 3.5% to 2%.
My Thoughts & Opinions!
This program basically works like a HYIP with monthly return of 10%-20% on your deposits. As fresh funds keeping flowing into the system, this can run very long compared to typical revshare sites. Also daily earnings are attractive comparing to all other stable programs.
Members are rapidly increasing and since they have Outside Compounding rule, withdrawals must be processed quickly. But withdrawals are normally taking 24-48 hours which might cause some delay in repurchasing new ad packs. They must think about making withdrawals instant.
One of the biggest selling point of the program was Free 5% commissions from Admin pool. This was a marketing technique as you’re only getting around 50 cents per week which is going under Commission Pool balance which again need to transfer back to Earnings, for withdrawing.
Joining my Team!
- You will get Earning Strategies and Calculator to maximize your profits.
- Program will be removed from portfolio if we find any red flags or its late to join.
- If you’ve deposited under me, you can ask for Commission Back (RCB).