When you only look at the surface, there is little to be excited about when it comes to Moolala. After all, it appears to be a run-of-the-mill deal-of-the-day company. You register for free, become a member, scour their pages for massive discounts in your area and enjoy the benefits. Sound familiar? Well it should because this is the formula of all deal-of-the-day websites. However, Moolala is desperately trying to buck the trend thanks to its Paymatrix plan which is designed to put cash in the pocket of all its members.
What Is Moolala All About?
The moment you enter Moolala’s website, a pop up will appear asking you to state your location and enter your email. As you should know by now, your location is of paramount importance when it comes to deal-of-the-day sites. Subscribers will have a variety of deals waiting for them in their inbox in the morning. The majority of these deals will give you a discount worth approximately 50-90%. Once you see a deal you like, purchase it on Moolala.com and receive your voucher the following day after the site sends you a link.
Pros (Paymatrix)
Where Moolala really stands out from the crowd is its increasingly popular Paymatrix plan. In theory, it offers real money-making potential. To begin with, Moolala pays you 2% of any purchase you make. This miniature discount is hardly something to get excited about but this next step is. Moolala invites you to refer friends. You also receive 2% of the purchases of any friends who you referred. Then, you receive 2% of the purchases of anyone who your friend refers. This cycle continues for 5 levels.
For example, if you sign up 10 friends, and they do the same, that’s 100 referrals by level 3. If these people also sign 10 friends, that’s 1,000 by level 4. If they refer 10 friends each, that’s 10,000 people by level 5. Imagine receiving 2% of the purchases of 10,000 people! This seems to be something of a pyramid scheme expect for the fact that Moolala is free to join. Therefore, if you have friends interested in this concept, you could all gain a nice little second income off Moolala.
Cons
Cynics will rightly ask for evidence of consumers who have made a large sum of money off Moolala’s Paymatrix. The pyramid scheme feel doesn’t go away no matter how hard you try. Also, the goods offered on the site seem sub-par, probably due to the fact that Groupon, LivingSocial and other major companies have got there first. A quick look at the site saw underwhelming deals involving shoes, photos and flatware.
Verdict
It will be interesting to see if Moolala’s Paymatrix plan will work out for them. Realistically, it probably won’t because of the nature of internet cynics who are sick and tired of various plots to steal their money. Therefore, it will be hard for Moolala to succeed in their Paymatrix plan which is really the only thing that will keep them upright. The company simply has nothing else in its armory that can help it compete against larger and better-known companies in this sector.
