[Make Money Online] Why I am leaving the revshare online business model

I love internet marketing and the online business or laptop lifestyle model. Even when less than 1% of people get this right. I am determined to make it work as I know if does work.

The reason I love it is that I know that the only way to build wealth is to have your own business and investing your profits in property. When I say your own business, I mean online or offline business.

You will never become rich working for someone else. Running your own business has huge tax benefits and you have control over your income and expenses.

In December 2015 I was shown the revshare business model. It looked to good to be true but tried it anyway. In the first 6 months I lost about $250 to $300. I was learning a lot, but got very frustrated not making money while seeing other people having success.

I then realised that I needed to stick to one revshare website at a time and go in big so that other people can see I am not playing around. This helped me get referrals and earn commission.

I stuck with one refshare and that was MyPayingAds. I invested about $600 in MPA. Then 6 months later MyPayingCryptoAds appeared by same owner and admins. I then moved $600 to MPCA. In the same time I took bitcoin profits from MPCA and bought bitcoin cloud mining contracts from Genesis Mining. I joined Genesis Mining in July 2016, but only bought 1 contract. From from January 2017 I bought contracts almost every week.

In March 2017 I started investing in Traffic Hurricane revshare. In this time MPA and MPCA started showing signs of trouble ahead. But April MPA and MPCA was in trouble and closed the doors to revshare model in May. I managed to withdraw about $1200 and invest it in Traffic Hurricane.

Traffic Hurricane is currently slowing down, but I have only withdrawn $500 so far. I fear that I might not be able to withdraw the remainder of $700. If not, my revshare income will be zero after 18 months, but I did not lose any money, just loads of time clicking ads and promoting revshares.

The revshare model is great for advertising, but as an online money making model it is broken. You must get in on the program in the beginning with loads of referrals and build your account for 3 months and start withdrawing immediately. Whoever gets there money out first wins. I think only 2% of people do.

The revshare model only works for 2% of people. So it is very very risky business. How can I refer people to a business that is so risky? There is a rush to get in and rush to get out. The leaders that get out withdraw all the cash from the business. The business runs into cash flow problems and shuts down in 6 to 12 months time.

This online business model is broken. Only enter with extreme caution and if you know what you are doing.

Today I can only recommend 2 businesses that I am in and that is Genesis Mining and Steemit.

Genesis Mining

Genesis Mining will go on as long as bitcoin is around and that could be for ever. The bitcoin rewards might run out at 21 million bitcoin mined, but the network still needs machines and mining farms to do the transactions. The miners will be rewards with transaction fees and the business will continue.

And there are more cryptos to be mined than just bitcoin. There are 100’s of other crypto currencies to be mined.

Steemit

The Steemit model is based on social media, crypto currency and content creation model. Social media is not going away anytime soon and crypto currencies neither. If there are people to consume content, there will always be a demand for the product.

Businesses go bust due to cash flow problems and Steemit does not have that problem because it can create as much Steem that is needed to reward content creators.

So compare the revshare model with the Steemit and Genesis Mining model. You can see that Steemit and GM have a much greater possibility and sustainability than revshare model.

I will keep on promoting Genesis Mining and Steemit until they fail, which I cannot see happening very soon.

Give us an Upvote if you think this info was helpful. It will help my online business a lot.

Thank you. :)

PS: Remember don't upvote this post if older than 7 days, you are wasting your voting power!

Regards

Colin Brazendale

Email: [email protected]
Facebook: https://www.facebook.com/colinbrazendalesinternet/
Youtube: https://www.youtube.com/user/czb1972/

More information:

I am a successful bitcoin cloud miner and affiliate of Genesis Mining. I have been mining for the last 12 months. I am in profit and doubled my bitcoin in this time. So I highly recommend Genesis Mining.

Join Genesis Mining here: https://www.genesis-mining.com/a/339950
Here is the promo code to get 3% discount: QqNvn3