My Shopping Genie has gotten a lot of attention recently, not because it’s a great FREE app that can help you find the best deals online, BUT because of the MLM business model attached to it.

My Shopping Genie is run by MyNet Universe and backed by online giants E-bay, Amazon and Clickbank, this should put your mind at ease to begin with. It will appear in your browser showing the best deals when you search for a product.

A couple of weeks ago an Irish TV show called Prime Time carried out an investigation into the Genies ‘business opportunity’. They call it an outright scam due to its ‘pyramid’ nature and lack of a tangible ‘product’.

The product is a license or right to sell Genie to other people who come into the business, for which you will be paid. You also have the right to give away the download of the Software to consumers free of charge; it will cost you $199 to sign up. Remember the ongoing cost of $30/month! This business was co-founded by a guy named Bruce Bise who says that everything is legit and legal. He himself has done time for fraud before.

When a Genie reseller signs up, they will earn $100 for every 2 new licenses they sell. Of course, one of the advantages of this binary compensation plan is that you get paid to bring others into the system, which of course will cause some to start making “scam” accusations.

Of course, you are also eligible for the other pay-per-click (PPC), pay-per-sale (PPS) and pay-per-offer (PPO) revenue streams as users of Genie web applications. It gave them to shop and compare prices in millions of thousands of online stores for millions of products and special offers.

It’s more or less a given given that with any business, particularly a ‘home business’ type arrangement, there will be complaints. Some people just don’t like the idea of ​​free enterprise, some are jealous, some have tried and failed, there will be many other reasons as well. What we have to do is look at the facts as they really are and determine if any actual fraud has occurred.

If you want to see if there are any complaints on file against the opportunity/company in question, you can contact the Better Business Bureau. Doing a search on MyNet Universe, the company behind Genie shows that they have a B+ rating which is very respectable. In the last thirty months their records show no complaints. There is evidence that the company received a recommendation and warning for using the word FREE in its advertising, other than that there is nothing else.

To be honest, you’ll have to decide for yourself about the legitimacy of My Shopping Genie. If someone generally doesn’t like the MLM business model, Genie is not for them.

If you’re someone who disapproves of network marketing in general, then you’re probably against the Genie business opportunity. Personally, I prefer a business with tangible products, so Genie isn’t top of my list. You should also remember that a lot of the bad press MLM has received over the years is mainly due to unscrupulous salespeople making unethical and exaggerated claims of easy wealth.

I like Genie’s payment plan, it’s a legit network marketing business that I think has great potential for building a residual income online.

There are already people making a lot of money with Genie, these people are using simple strategies to generate massive amounts of leads for their business, and they understand the principles of effective marketing.