Wealth Masters International (WMI) is a Texas based company started 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 dream “to create success and wealth in others, one person at a time”.
WMI is set up 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 economic education program that comprises a collection of books and CD’s on subjects such as financial planning, tax strategies estate planning, asset protection, incorporation, to help you control your private finances and attain your financial goals. The “m2″ program (Wealth Conference) is created to offer the necessary tools to increase your earnings, through investment education 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 intended to instruct you how to increase your level of individual 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 background in their field, can be considered a second WMI product line.
Well, get ready to give your best estimate of how much you would 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 example comes at the price of $12,995 for each individual.
OK, you can breathe out now, because, in my oppinion, if these courses are reasonably priced for you, it is all about trust from now on: do you trust that these modules give in exchange at least your money’s worth? Then, go ahead, try it.
If you have decided on taking the WMI path, the next stage is to select how to join them: as a member (access to the courses, but no access to WMI’s marketing 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 compensation plan is a two-level plan. Consultants collect 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 earnings can be made from the override commissions of first level sponsored affiliates, but there’s a condition attached to this: the consultant should accomplish a minimum of one sale per month for for ten months out of twelve. Additionally, in order to earn commissions from sales of the M2 and M3 products, a one-time acquisition of every product is necessary. 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 a positive way, thinking of the freedom to consider any of the good marketing systems that presently govern the internet. If you haven’t worked with any online marketing system until now, there’s always the choice of finding yourself a good internet marketing mentor 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.