Wealth Masters International (WMI) is a Texas based company founded 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 is set up to be an economic education company. Their products are a line of financially-related programs and congresses: the “m1″ Education Course (Masters’ Program) is a economic education program that contains a collection of books and CD’s on subjects such as financial planning, tax strategies estate planning, asset protection, incorporation, to help you handle your private finances and get to your financial goals. The “m2″ course (Wealth Conference) promises to provide you with any tools needed to multiply your earnings, through investment guidance and access to the knowledge 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 intended to teach you how to raise your level of individual and financial success and how to live your life of entire success and abundance. Their “Alliances”, which are basically referrals to professionals with a proven track record in their field, can be considered a second WMI product line.
Well, get ready to give your best approximation 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 is offered at the price of $12,995 for each individual.
OK, you can breathe out now, because, from my point of view, if these programs are affordable for you, it is all about trust from this point on: do you trust that these modules give in exchange at least your money’s worth? Then, go ahead, try it.
If you have made up your mind on choosing the WMI path, the next step 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 business opportunity as well).
As with any MLM company, earnings are obtained from product sales and referrals. Percentages will be divided between you and your sponsoring consultant, though. The compensation 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 earnings opportunity. The only passive income can be obtained 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 required. So, even if there are really high profits from product sales, the compensation system has its minuses.
As for marketing systems, they don’t have one of their own; you can look at this in an optimistic way, thinking of the freedom to prospect any of the good marketing systems that presently govern the internet. If you haven’t worked with any online marketing system till now, there’s always the choice of finding yourself a good internet marketing advisor to guide you through the process and show you profitable marketing strategies that can help you get 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.
