Removed from Recommended list on 27th November,2016.
Reason: My24HourIncome was hacked by someone and almost $300,000 was stolen. Although Drew is working on adding extra security to website, this hacking will be having major impact on program stability as almost 1/3rd of reserve is now lost. Members will start withdrawing money as soon as they open withdrawals. Again, this is my personal opinion based on my observations and I may re-list the program to Top 5 if it improves in coming days.
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 even after 3 months.
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.
- Referral commissions can be withdrawn by transferring that into Earnings with 10% fees.
My Account Summary as of Nov 16!
I have started with quite a big amount, currently doing 100% repurchase to maintain the ad packs.
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.
Drew is updating the weekly reserves status in FB group, making it a complete transparent program. Also from my observations, they have steady reserves between 1.2m – 1.3m USD.
Joining my Team!
- You will get Earning Strategies and Calculator to maximize your profits.
- Program will be removed from portfolio if we see any red flags or its late to join.
- If you’ve deposited under me, you can ask for Commission Back (RCB).