Wealth Masters International – Path To Wealth Or Just An Illusion?
Wealth Masters International (WMI) is a company located in Texas, founded by Kip Herriage, a man who was formed in the finance industry, with 15 yrs spent on Wall Street. Together with his associate, Karl Bessey, he 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 a financial education business. Their products contain a line of financially-related lessons and conferences: the “m1″ Education Course (Masters’ Program) is a financial education course that contains a collection of books and CD’s on issues such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you handle your private finances and get to your financial goals. The “m2″ module (Wealth Conference) is designed to offer the necessary tools to grow your earnings, 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 teach you how to increase your level of personal and financial success and how to live your life of complete prosperity and abundance. Their “Alliances”, which are principally referrals to professionals with a proven track record in their field, can be considered another WMI product line.
Well, get ready to give your best guess of how much you intend to spend on this teaching and hold your breath, because I am about to translate 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 comes at the price of $12,995 for one individual.
OK, you can breathe out now, because, in my oppinion, if these modules are reasonably priced for you, it is all about trust from this point on: do you trust that these modules give in exchange at least the value of the money you put in? Then, go ahead, try it.
If you have decided on choosing the WMI path, the next stage is to select 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 business opportunity as well).
As with any MLM company, earnings are collected from product sales and referrals. You will be sharing your percentage with 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 directly sponsored consultants. Plus, there’s no residual profit 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 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 every product 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 take a peak at this in a positive way, thinking of the opportunity to consider any of the good marketing systems that currently work the internet. If you haven’t operated with any online marketing system until now, there’s always the choice of finding yourself a good internet marketing advisor to guide you through the process and show you successful marketing strategies that can help you make 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.