What is My Residual Profit all about? Is this email processing system the real deal or some sort of scam? Can it really make you $200 a day in so little time?
Sounds too good to be true, but let’s take a look and find out….
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Company Name: My Residual Profit
Owners: Unknown
Price To Join: $25 to get started
My Rating: 2/10
~ My Residual Profit Reviews ~
What Is My Residual Profit and How Does It Work?
“Make $7500 per month by processing just 10 emails a day”
That’s basically what the creators of My Residual Profit tell us to get our interest. That all sounds a bit farfetched to me, but anyway, we’ll see what it’s all about.
We’re also told it’s very easy to do and payment is instant.
This scheme has been around since 2015 but no one seems to know who actually runs it. The creator has made a point of keeping his or her identity anonymous for some reason, and that’s a bit of a red flag right there.
The website states that when you join, you are entering into a unique opportunity where the income potential is unlimited. Your job is to process emails, and you get paid a very generous $25 per email processed.
What exactly is email processing though? What does than even mean?
Unfortunately this doesn’t get explained. What does become clear is that you will need to send out 10 emails a day, and it’s for this that you will earn $25 per email. My Residual Profit give you the pre-written copy of the email to send, so all you have to do is send it.
But do they actually pay you $25 each time you send an email?
Not exactly, and I explain below.
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What’s the Real Deal Here?
This platform is offering some online email processing job. That’s just a line they are using to take attention away from what they are really doing at My Residual Profit.
Here’s what they say the process is:
What they are really operating is a cash gifting scheme. There is no job, there is no online business and there is no actual product either. The whole idea is to recruit others into the scheme so they can gift you $25 and so it goes on all the way down the line.
When you join you gift $25 to the person who referred you. Maybe you received an email from them, saw an ad online, or came across My Residual Profit on social media. However you happened to be introduced to it, you have to be referred into the system and pay your referrer $25 directly. Now it’s your turn to follow the same pattern that got you in.
You work hard in any way you can think of to get others to join My Residual Profit, and when they do, they will each pay you $25 directly. You receive a few online ads to help you out. If you have an email list, then you can spam all your subscribers with the offer.
These schemes are a dime a dozen around the internet these days, along with revenue sharing and the money matrix.
The one positive that stands out with this particular scheme is that you do actually get paid instantly and guaranteed, so when they make this statement on their website, they are actually speaking the truth in that regard.
What this is like is the old chain letter, where you used to receive a letter in the mail, pay the person who sent you the letter, then send out that same letter to a group of others, hoping they will pay you and continue the chain.
Technically you can make some money with this system, but it will be a lot of hard work and likely the chain will break down and stop completely.
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Target Audience
They are targeting people who are looking for an easy, no brainer way to make some cash. Something that apparently takes very little time with high returns. However, making this scheme work is a lot harder than it first looks because of all the active recruiting you have to do.
What I Like
- It sounds easy and lucrative in theory and is very simplistic in its nature
- It doesn’t cost much to try it out
- You get paid directly by your recruits
What I Don’t Like
- It’s nothing more than a cash gifting scheme that will break down
- You will be putting in a lot of hours trying to recruit people
- The job they advertise is not even a real job
- The company uses fake news endorsements to look credible
- They make it sound so easy when it will actually be very hard
- Unrealistic claims of how much money you can earn
How Much Does My Residual Profit Cost?
It costs you $25 to jump aboard, after which you need to get into recruitment overdrive. You might also find yourself spending some money in various ways trying to promote My Residual Profit.
Is My Residual Profit a Scam?
Technically I’d have to classify this as a scam, because the job they advertise is false and misleading, there is no actual product, and it’s nothing more than a cash gifting scheme that is doomed to fail. However, that’s not to say that what they’re really doing here can’t actually make you any money.
It could, and the fact that you get paid directly by your recruits is actually a big positive. No need to try and get a payout from whoever runs the operation.
Overall maybe it’s not a complete and outright scam, but there are definitely some scam aspects attached to My Residual Profit, and it’s certainly not a long-term business venture.
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If you are willing to actually put some time and effort into something, getting it established and making it grow, then I suggest you give affiliate marketing a try. It’s what I do to make more than 5 figures in income every month online.
The reason I’ve been successful with it is because I was determined to set up a profitable online business no matter what. I knew it wouldn’t happen overnight, but I also knew it would be well worth it.
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Darren Burton
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It’s unfortunate that there are companies out there like this. They create eye catching graphics, make outlandish promises about earning a substantial income…. only to not deliver.
I never heard of cash gifting before but I’m glad I ran across this article. How deceitful and desperate can people get?
Thanks for spreading the word about scam companies that try to deceive people who are trying to better their lives.
Hi Shannon, and thanks for stopping by and leaving your thoughts about My Residual Profit.
Yes, it’s terrible that there are so many scams and dodgy make money schemes out there, with cash gifting being one of them. There are legit platforms online, but they get buried underneath all these scams.