Wealth Masters International Review – Only For The Wealthy?
Wealth Masters International (WMI) is a Texas based company founded by Kip Herriage, a man whose background is in the finance industry, with 15 yrs spent on Wall Street. Together with his associate, Karl Bessey, he founded WMI in 2005, having the vision “to create success and wealth in others, one person at a time”.
WMI it is meant to be a financial education business. Their products contain a line of financially-related courses and conferences: the “m1″ Education Course (Masters’ Program) is a monetary education module that contains a series of books and CD’s on issues such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you manage your personal finances and attain your financial goals. The “m2″ program (Wealth Conference) is designed to provide you with any tools needed to grow your income, by means of investment training and access to the knowledge of world-renowned financial experts. The “m3″ (Private Wealth Group) invites you in luxurious retreats from all around the world, to attend an yearly event where “top international personal growth coaches and wellness experts” are supposed to teach you how to boost your level of individual and financial success and how to live your life of complete success and abundance. Their “Alliances”, which are mainly referrals to professionals with a proven track record in their field, can be considered another WMI product line.
Well, prepare to give your best estimation of how much you would spend on this schooling 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 retails for $8,995; the m3 lifestyle experience is offered at the price of $12,995 for one individual.
OK, you can breathe out now, because, from my point of view, if these programs are reasonably priced for you, it is all about trust from this point 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 choosing 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 business opportunity) or as a consultant (access to the income opportunity as well).
As with any MLM company, 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 profit opportunity. The only passive earnings can be made from the override commissions of first level sponsored consultants, but there’s a condition attached to this: the affiliate should accomplish at least 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 each of these products is required. So, even if there are really high profits from product sales, the compensation system has its minuses.
As for marketing systems, they don’t have one of their own; you can look at this in a positive way, thinking of the freedom to consider any of the good marketing systems that presently govern the internet. If you haven’t operated with any online marketing system yet, there’s always the choice of finding yourself a good internet marketing advisor to guide you through the process and show you profitable marketing strategies that can help you make the best of any MLM company you may choose later on.
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.
Tags: build wealth, financial courses, financial education, financial success, MLM business, Network Marketing, Online Business, personal finances, personal success, Wealth Masters International, WMI