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SpinDistribute.com Article Directory

The following article was published in our article directory on December 31, 2012.
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How the Penny Matrix Works

Article Category: Business

Author Name: Drew Hilton

With less than ten dollars, you can already have a business. Penny matrix is not your typical multi-level pyramid setup. It does not require huge pay-ins, but it can raise your net income by thousands of dollars per year.

Having a business will lessen your financial worries. Unlike with a job, you will always have a financial backer. You will not need to worry about getting fired or laid off. As long as you run the business well, you will have no problem.

In addition, having a business can significantly lower your tax bills. This is probably one of the best reasons to join a business venture. As you know, employees get taxed on everything before their expenses but penny matrix agents only pay taxes on what is left after their expenses.

Regular employees constantly worry about finances including gas and vehicle maintenance among other expenses. Penny matrix agents, however, can include some of their home expenses as expenses. These include insurance rent, upkeep, and utilities property taxes.

In order for you to understand this better, let us say that you purchased a computer for a thousand dollars. As a regular employee, thirty percent of your earnings goes to taxes and only seventy percent goes to you. Because of this, you have to earn one thousand and four hundred twenty-eight dollars just to cover the cost of the computer.

On the other hand, if you join penny matrix and become an agent, you will only have to earn one thousand dollars to cover the cost of the computer. There is no need to worry about that thirty percent for taxes. What's more, you will get to deduct that same amount from your gross income; thus reducing your tax bill further.

If you are still wondering what this business is all about, here is a simple explanation. Penny matrix is a multi-level pyramid setup that consists of members who are required to recruit other members in order to receive commissions.

The matrix part of this system is known as the 2 x 14 Forced Matrix. When you become a member, you will have to recruit two people who, in turn, will have to recruit two more people. This process should go on and on until the fourteenth level is reached.

A full matrix has only around twenty-one thousand members. The commission is small; it is only $0.30. However, this seemingly small amount will become $6,300 per month if the matrix of twenty-one thousand people is complete. Now, that is something great to look forward to.

At first, it can be quite challenging to convince people to become part of your downline. Your family members, friends, and colleagues may be doubtful; but once you explain the benefits, you may be able to convince them. With this kind of business, you will earn money and help others earn as well.

Keywords: penny matrix, penny matrix scam, penny matrix review

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