Wealth Masters International – Can It Help You Build Wealth?
Wealth Masters International (WMI) is a company located in Texas, 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 idea ”to create success and wealth in others, one person at a time”.
WMI it is meant to be an economic education business. Their products incorporate a line of financially-related courses and seminars: 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, tax strategies estate planning, asset protection, incorporation, to help you handle your private finances and attain your financial goals. The ”m2” course (Wealth Conference) is created to provide you with any tools needed to grow your income, by means of investment education 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 meant to instruct you how to raise your level of individual and financial success and how to live your life of complete prosperity and abundance. Their ”Alliances”, which are mainly referrals to professionals with a proven background in their field, can be considered another WMI product line.
Well, get ready to give your best approximation of how much you are prepared to spend on this teaching 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, from my point of view, if these lessons 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 taking the WMI path, the next step is to select 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 business opportunity as well).
As with any MLM company, earnings are collected from product sales and referrals. Percentages will be split between you and your sponsoring consultant, though. The rewarding 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 income opportunity. The only passive remuneration can be realized from the override commissions of directly sponsored affiliates, but there’s a condition attached to this: the consultant should accomplish a minimum of one sale monthly for 10 months out of 12 in a year. Plus, 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 rewarding system has its drawbacks.
As for marketing systems, they don’t have one of their own; you can take a peak at this in an optimistic way, thinking you are free to prospect any of the good marketing systems that presently govern the internet. If you haven’t worked with any online marketing system yet, there’s always the option of finding yourself a good internet marketing advisor to lead you through the process and show you good marketing strategies that can help you make the best of any MLM business you may choose in the future.
For more interesting reviews of WMI and other MLM businesses, visit Jim Chao’s Wealth Masters International. You can get more bits of Jim’s experience as a successful internet marketer by visiting his widely appreciated Online Success Story
