Wealth Masters International (WMI) is a company located in Texas, founded by Kip Herriage, a man whose background is in the finance industry, with a 15 year experience on Wall Street. Together with his associate, Karl Bessey, he founded WMI in 2005, having the vision “to create success and wealth in others, one person at a time”.
WMI is made to be a financial education business. Their products incorporate a line of financially-related lessons and meetings: the “m1″ Education Course (Masters’ Program) is a economic education module that comprises 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 designed to offer any tools needed to grow your income, through investment guidance and access to the knowledge of world-renowned financial experts. The “m3″ (Private Wealth Group) shows you luxurious retreats from all over the world, to attend an annual event where “top international personal growth coaches and wellness experts” are intended to teach you how to raise your level of personal and financial success and how to live your life of complete success and abundance. Their “Alliances”, which are mainly referrals to professionals with a proven experience in their field, can be considered a second WMI product line.
Well, prepare to give your best estimation of how much you intend to spend on this education 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 is sold for $8,995; the m3 lifestyle example is offered at the price of $12,995 for one individual.
OK, you can breathe out now, because, in my oppinion, if these lessons are affordable for you, it is all about trust from now on: are you sure that these courses offer 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 step 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 gained 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 obtain payment only from their own work and the work of of their directly sponsored consultants. Plus, there’s no residual profit opportunity. The only passive income can be made from the override commissions of first level sponsored consultants, but there’s a condition attached to this: the affiliate should accomplish a minimum of one sale per month for 10 months out of 12 in a year. Plus, in order to earn commissions from sales of the M2 and M3 products, a one-time acquisition of each of these products 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 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 yet, 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 business 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.