Wealth Masters International – Can It Help You Build Wealth?
Wealth Masters International (WMI) is a company located in Texas, founded by Kip Herriage, a man who was formed in the finance industry, with a 15 year experience on Wall Street. He and his associate Karl Bessey founded WMI in 2005, having the dream “to create success and wealth in others, one person at a time”.
WMI it is meant to be an economic education company. Their products are a line of financially-related lessons and meetings: the “m1″ Education Course (Masters’ Program) is a financial education program that contains a series of books and CD’s on issues such as financial planning, tax strategies estate planning, asset protection, incorporation, to help you handle your personal finances and reach your financial goals. The “m2″ module (Wealth Conference) promises to provide you with any tools needed to multiply your money, by means of investment guidance and access to the knowledge of world-renowned financial experts. The “m3″ (Private Wealth Group) invites you in luxurious retreats from all over the world, to attend an annual event where “top international personal growth coaches and wellness experts” are supposed to instruct you how to raise your level of personal and financial success and how to live your life of entire success and abundance. Their “Alliances”, which are mainly referrals to professionals with a proven track record in their field, can be considered a second WMI product line.
Well, prepare to give your best guess of how much you intend to spend on this education and hold your breath, because I am about to transform all courses into figures: the price for the entry-level product, m1, is $1995; the second level product is sold for $8,995; the m3 lifestyle experience is offered at the price of $12,995 for each individual.
OK, you can breathe out now, because, in my oppinion, if these lessons are reasonably priced for you, it is all about trust from now on: do you trust that these programs give in exchange at least your money’s worth? Then, give it a try.
If you have made up your mind on taking the WMI path, the next stage is to decide on how to join them: as a member (access to the information, but no access to WMI’s marketing opportunity) or as a consultant (access to the profit opportunity as well).
As with any MLM company, earnings are obtained from product sales and referrals. Percentages will be divided between you and your sponsoring consultant, though. The compensation plan is a two-level plan. Consultants collect payment only from their own efforts and the work of of their first level sponsored consultants. Plus, there’s no residual earnings opportunity. The only passive earnings can be made from the override commissions of directly sponsored consultants, but there’s a condition attached to this: the consultant should accomplish a minimum of one sale per month for 10 months out of 12 in a year. Additionally, in order to earn commissions from selling the M2 and M3 products , a one-time acquisition of every product is essential. So, even if there are really high profits from product sales, the rewarding system has its drawbacks.
As for marketing systems, they don’t have an embedded one; you can look at this in an optimistic way, thinking of the freedom to prospect any of the good marketing systems that presently govern the internet. If you haven’t worked with any online marketing system till now, there’s always the choice of finding yourself a good internet marketing advisor to lead you through the process and show you good marketing strategies that can help you get the best of any MLM business you may choose in the future.
You can find more information on WMI by visiting Jim Chao’s Wealth Masters International Review. There are many great MLM businesses out there. Jim Chao is a talented internet marketer who is willing to help you find a good MLM online business.