MyVideoTalk Review: MLM Tech Disaster or the Next Big Thing?

So what’s the deal with “MyVideoTalk”? I mean, we all know that online video is a huge growth area on the internet, right?

If you have any doubts that video as a means of self-expression is here to stay, take a moment and do a quick review of YouTube’s growth and reach by doing a quick Google search for “YouTube Growth Stats.”

You’ll find that the sheer number of people making videos and exposing their content (and sometimes various body parts we’d rather not see) to the world is mind-boggling.

Well I guess some people are shameless and of course some people are shameless and talentless.

So of course video is a big problem on the internet, but that’s not the problem here.

The problem and the reason I sat down to do a network marketing company review is to see whether or not online video and video delivery systems are a viable product for an MLM company, and if even should waste time trying to build a network marketing empire by jumping aboard the latest and greatest MLM company to jump on the bandwagon with a “can’t miss killer” video product (of course everyone thinks their product fits into this category).

Enter “MyVideoTalk”, one of the latest to jump on the MLM Video bandwagon.

The company is based in Northern California. It was founded in April 2004 to provide cutting edge Internet communication technologies. Currently, it is available globally with its presence in various countries.

They offer five products designed to target and meet all of your online video needs. These products include personalized email video messages, video-on-demand web channels, and live video streaming of broadcasts and meetings.

They also boast of products that are state of the art and appear to be easy to use. Their website leaves you with the impression that their products are so simple that even internet idiots can use them.

However, it also has products aimed at complex companies that need extensive marketing and communication support. This makes their products useful for individuals, small businesses, and enterprise markets. Therefore, they have tried to make their product attractive to both professional entrepreneurs and hobbyists.

So with all these great product features, it’s easy to see how it gives the impression that it should be very marketable.

So now they launch multi level marketing platform and it seems with the current popularity of video this company should be a no brainer please take me to the bank to cash my check type of success model.

But is it?

Hmmm… yeah, that’s the million dollar question.

Unlike many other multi-level marketing systems that only generate income from fees paid for the sale of physical products or lotions and potions, these products provide an intangible service-related product to a market that at least seems hungry for such things. . But the question remains.

How can you achieve financial success with this company? Is it sustainable?

We need to understand a few things before we can discuss the potential for success of a product or system. First of all, understand that no matter how attractive a network marketing product may be or how marketable it may seem, that is not where you make money in the MLM world.

You may have the newest MLM on the street with the most popular product in the world, but if you spend your time trying to sell the product, you won’t get those $10,000 a month checks you’ve been waiting for.

Network marketing is not a retail-based business model, and if you try to treat it like one and achieve success selling the product, you’ll probably win retail excellence awards from the company, but you’ll never make much money, because there’s no leverage. in retail MLM sales.

Listen carefully now… this is not about selling the product!

MLM as a business model is much more aligned with the wholesale buyer network business model, such as Costco.

No one joins Costco to buy wholesale products and sell them in their retail store, we all join and pay the membership fee just so we can get them cheaper. In fact, it is a network of wholesale buyers that exists on self-consumption.

Network marketing is exactly the same ball game.

OK Marc, so what’s the point of a hot product?

Well, to attract other distributors, of course! The more attractive the market segment and the sexier the product, the more distributors you can get to jump on the bandwagon.

So with a broad mix of products where the average person sees the value, more people will sign up knowing the products should be a piece of cake to sell, but in fact never sell any, just use them themselves.

So the real keys to MLM success are…

Have a sexy product that everyone sees the value in, and

They had better be exciting enough that your distributors keep using them and stay on autoship or your income will become a revolving door.

MLM gives and MLM takes away!

The products

MyVideoTalk offers powerful tools that businesses can use, making it a huge advantage over products that only target the consumer sector. They include a video email system, a webinar program, a video channel offering, the Webshow tool, and the Boardroom conferencing platform. These communication tools allow anyone to create web shows, presentations, and their own Internet programming network, all while using email containing video.

Anyone familiar with the current list of technology solutions available will know how exciting this set of tools can be. Together, they offer marketers and businesses the tools to communicate their online marketing messages to a wide range of people in the most powerful way possible—video.

This is state-of-the-art technology that every business should of course be using, and distributors of course can use the same tools to build and maintain communication with their downline.

The Compensation Plan

They offer a compensation plan based on a Hybrid-Binary compensation plan. Distributors can expect to earn money from the sale of these technology products, and in addition to retail product sales, distributors can also earn income from fast start bonuses for bringing in new customers, team commissions, and various executive and training bonuses. of Equipements. Together, these income opportunities can allow anyone who is committed to the system to establish a profitable income stream.

They also offer other compensation bonuses. Dealers have a chance to win a BMW or Mercedes Benz vehicle. Additionally, distributors can qualify for a variety of other rewards. They can be rewarded with paid vacations to exotic locations and financing to open up office space.

Here’s a quick overview of the compensation plan’s income streams:

fast start bonuses

A Distributor can earn a US$100.00 Fast Start Bonus on sales volume generated from personal sales of Starter Product Packs. There is no limit to the number of Fast Start Bonuses you can earn, the more you sponsor, the more you earn.

Weekly Team Commissions

Once a distributor becomes a Team Builder, they become eligible to earn weekly team commissions. A Team Builder needs to build two sales teams and every time one team generates a weekly sales volume of 720 and the other a weekly sales volume of 360, the Team Builder earns one commission cycle. Earn $100.00 in team commissions with an additional up to $50.00 in global check matching bonus rewards.

Matrix Binary Monthly

This allows distributors to earn monthly residual income simultaneously with creating weekly bonus checks. Distributors get paid repeatedly for something they’ve already done. A distributor can achieve a cycle bonus of US$25.00 per cycle with a cycle ratio of 3:6 for their Binary Monthly Matrix.

MVT Bimmer/Club Benz

This is a Car Club bonus program available to those with the rank of executive or above who meet the company’s requirements to make use of this program.

Presidents Weekly Club

This is a special leadership recognition program that awards qualified distributors a new rank or title that comes with a corresponding bonus.

Retail Commissions

Distributors can earn a 20% commission on the first month’s sale of each a la carte retail product package sold on their retail buying portal.

Team Development Bonuses

This US$25.00 bonus is paid on the sales volume generated from the sale of the Super Stream Studio package.

Executive Leadership Matrix Bonuses

This US$200.00 executive bonus is based on Super Stream Studio package sales. This is paid as soon as an executive helps two personally sponsored representatives from their left and right sales teams achieve Team Builder status.

Global Rewards Check Matching Bonuses

This is available to distributors who achieve the commission cycle. They will receive a reward check matching bonus of up to 50% in addition to their cycle payout.

Sales Office Program

The company helps distributors establish their area team office by providing administrative and financial support, means to increase sales, training and weekly presentations.

So what’s the bottom line here, Marc? Thumbs up or thumbs down?

Well there are several ways to look at this, one is as an affiliate tool for a marketer and the other is as a standard MLM business opportunity.

As an affiliate marketing product, I think it has good potential. As we know video is a powerful marketing tool and it is here to stay for the foreseeable future and there are many internet marketers who could use this to improve their marketing and more importantly sell to other aspiring marketers. marketers as a direct. affiliate product. A $100 commission on a $300 or $429 starter video package isn’t bad as far as affiliate commissions go. I mean, if you can use the products anyway, you might as well make some money marketing it to your list, right?

As a standard MLM offering, remember that potential distributors are generally drawn to unique products, and of course people love tech products, so the initial growth pattern for these companies tends to be pretty good.

The challenge for companies like MyVideoTalk, of course, is keeping new product introductions and even newer technology so up-to-date that you’re always in the hype phase.