Wealth Masters International Review – Only For The Wealthy?
Wealth Masters International (WMI) is a Texas based company started by Kip Herriage, a man who was formed in the finance industry, with 15 yrs spent on Wall Street. He and his associate Karl Bessey founded WMI in 2005, having the vision “to create success and wealth in others, one person at a time”.
WMI is made to be a financial education company. Their products are a line of financially-related programs and conferences: the “m1″ Education Course (Masters’ Program) is a monetary education course that comprises a collection of books and CD’s on topics such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you handle your private finances and reach your financial goals. The “m2″ program (Wealth Conference) promises to offer any tools needed to multiply your earnings, through investment guidance and access to the experience 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 boost your level of personal and financial success and how to live your life of entire success and abundance. Their “Alliances”, which are basically 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 estimation of how much you would 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 comes at the price of $12,995 for one 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 lessons give in exchange at least the value of the money you put in? Then, give it a try.
If you have decided on taking the WMI path, the next step is to select how to join them: as a member (access to the courses, but no access to WMI’s business opportunity) or as a consultant (access to the profit opportunity as well).
As with any MLM business, profit is collected from product sales and referrals. You will be sharing your percentage with your sponsoring consultant, though. The rewarding plan is a two-level plan. Consultants receive payment only from their own work and the work of of their first level sponsored consultants. Plus, there’s no residual income opportunity. The only passive income can be realized from the override commissions of first level sponsored affiliates, but there’s a condition attached to this: the affiliate should make a minimum of one sale per month for 10 months out of 12 in a year. Plus, in order to earn commissions from sales of the M2 and M3 products, a one-time acquisition of each of these products is required. So, even if there are really high profits from product sales, the compensation system has its drawbacks.
As for marketing systems, they don’t have an embedded one; you can look at this in a positive way, thinking of the opportunity to review any of the good marketing systems that now govern the internet. If you haven’t worked with any online marketing system till now, there’s always the option of finding yourself a good internet marketing mentor to lead you through the process and show you successful marketing strategies that can help you get the best of any MLM company 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.
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Tags: build wealth, financial courses, Financial Education, Financial Success, Mlm Business, online business, Personal Finance, Personal Finances, Personal Success, Wealth Masters International, WMI
