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 a 15 year experience 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 it is meant to be an economic education company. Their products are a line of financially-related courses and conferences: the “m1″ Education Course (Masters’ Program) is a monetary education course that comprises a series of books and CD’s on topics such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you manage your personal finances and reach your financial goals. The “m2″ program (Wealth Conference) promises to offer any tools needed to increase your earnings, through investment training and access to the experience of world-renowned financial experts. The “m3″ (Private Wealth Group) invites you in luxurious retreats from all around the world, to attend an annual event where “top international personal growth coaches and wellness experts” are meant to instruct you how to boost 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 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 retails for $8,995; the m3 lifestyle example is offered at the price of $12,995 for each individual.

OK, you can breathe out now, because, in my oppinion, if these programs are reasonably priced for you, it is all about trust from now on: do you trust that these courses 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 choose 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, 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 remuneration 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 purchase of each of these products is essential. So, even if there are really high profits from product sales, the rewarding 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 prospect any of the good marketing systems that now work the internet. If you haven’t worked with any online marketing system yet, there’s always the choice of finding yourself a good internet marketing mentor 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 later on.

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

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