A business review of Wealth Masters International. Is the company worth taking a look at, or just another fly by the night scam?
If you're out shopping for a new company to sign on to, there are some very specific things that you need and want to know. Follow along for a review of Wealth Masters International.
Who's Running the Company?
Kip Herriage founder and CEO of Wealth Masters International, a Texas based company, incorporated in 2005. The background of Kip is in finance with 15 years on Wall Street. Karl Bessey, Predident and Co-Founder of WMI has a very different background. He was an underground coal miner in Utah for 22 yrs before becoming involved in the MLM industry.
Kip and Karl founded WMI with the vision "to create success and wealth in others, one person at a time.
What Is The Cost To Join?
Wealth Masters International is broken down into three courses: m1, m2 and m3. The m1 course is sold for $1495, m2 for $8495, and m3 for $12,995. You are not required to purchase the m1, m2,or m3 products to become a Consultant with WMI. If you choose, you may pay the $149 Yearly Consultant Fee and begin marketing with WMI. If you decide on this option, you will be passing up your first 3 sales and the sponsorship of those people to your sponsoring consultant. Following the third sale and member pass up, the "newbie" is now "qualified" and enters the WMI Compensation Plan as a "Consultant". The $149 fee is a small price to pay comparatively to the $20,000 price tag, but you are required to pass up your first 3 sales along with sponsorship. From there the business model is similar to that of an MLM company. If you are not qualified to receive certain percentages of your sales yet, then they are passed up to your sponsor.
Wealth Masters International recommends joining with their "platinum plus program" which consists of all three courses and is priced at $20,750.
What If Anything Makes This Company Stand Out From The Rest?
WMI is a new company without the long term backing of other companies. We are yet to see if they will even be around in 5 yrs or end up as the next online scam. A few of their products available are repairing you credit, education of the family, incorporating your business, etc. However, the products are delivered by mail and are not fully internet automated. Internet automation just cuts down on a lot of paperwork hassle. At this point the company consists of a lot of Big MLMer's who have switched over to test the direct sales water.
So in the end what really stands out about this company is a couple of things. You DO NOT get to keep 100% of the commissions. You will be CONTINUALLY passing up money to your upline over and over again. But the truly shocking thing is the price tag to sign up. If you are going to spend $20,000 on a program, you better make sure that the returns are immediate, and that you have all the support in the world from your sponsor.
Work At Home Message Boards - Are They Helpful?
Many work at home message boards exist to discuss ways to succeed in this business, but the information on them varies. Some advice is helpful, and some can actually leave you worse off than you were before encountering the message board. Be sure to think before taking an unknown person's advice.
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In order to be successful at a Christian home based business, you need to advertise it as such. This will allow it to stand out apart from every other home based business. You will likely gain a loyal following of Christian consumers if you stick to Christian ethics.
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Many people would like to be able to make money from home, but do not know what options are available to them. The good news is that there are plenty of choices. The hardest part is deciding which one to go with.
