| |
So what makes Wealth Masters International appealing to some online marketers and gives others such reservation? Here is a short business review of the fairly new company
Who's Running the Company?
Wealth Masters International, which incorporated in 2005, is a Texas based company and was founded by Kip Herriage, CEO. Kip's background is in the finance industry with 15 yrs spent 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. m1 sells 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 this option is selected the Consultant is required to pass up his first 3 sales and recruits to his or her Sponsoring Consultant. Following the third sale and member pass up, the "newbie" is now "qualified" and enters the WMI Compensation Plan as a "Consultant". So basically you can get in at a fraction of the cost, but you are passing up your first 3 sales and the sponsorship of those people. From there the business model is similar to that of an MLM company. Percentages of your sales are paid out to your sponsor if you do not qualify to receive them yet.
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. Their products focus on credit repair, family education, how to incorporate, 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.
Brian McCoy is a top internet marketer who works with other industry top marketers from around the globe. To learn more, visit his Wealthy Marketer website
 EasyPublish™ this article - publishers click here
More articles by Brian McCoy
- Five Tips for Using QuickBooks for an eBay Business (Stephen Nelson)
Doing the bookkeeping for a small eBay business doesn't have to difficult if you're using QuickBooks. Just follow these five tips, say CPA and author Stephen L. Nelson - How To Make Money Online Blogging Without Writing A Single Word (Walt Gemmell)
Blogging is a popular way to make money on the Internet today. However not everyone is a writer and this can present a problem. In this article we will take a look at a couple of ways you can make money online blogging without writing a single word.
|
