Home Based Business – Topic Pulse

Wealth Masters International – Path To Wealth Or Just An Illusion?

Wealth Masters International (WMI) is a company located in Texas, started by Kip Herriage, a man whose background is in the finance industry, with 15 yrs spent on Wall Street. He and his associate Karl Bessey founded WMI in 2005, having the dream “to create success and wealth in others, one person at a time”.

WMI is made to be a financial education company. Their products consist of a line of financially-related lessons and conferences: the “m1″ Education Course (Masters’ Program) is a monetary education course that contains a collection of books and CD’s on subjects such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you control your personal finances and attain your financial goals. The “m2″ program (Wealth Conference) promises to provide you with the necessary tools to increase your money, by means of investment education and access to the know-how of world-renowned financial experts. The “m3″ (Private Wealth Group) shows you luxurious retreats from all around the world, to attend an yearly event where “top international personal growth coaches and wellness experts” are meant to instruct you how to increase your level of personal and financial success and how to live your life of entire prosperity 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 estimate of how much you intend to spend on this schooling 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 retails for $8,995; the m3 lifestyle example comes at the price of $12,995 for each individual.

OK, you can breathe out now, because, from my point of view, if these courses are reasonably priced 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, give it a try.

If you have decided on taking the WMI path, the next stage is to decide on how to join them: as a member (access to the information, but no access to WMI’s business opportunity) or as a consultant (access to the profit opportunity as well).

As with any MLM company, earnings are gained from product sales and referrals. Percentages will be divided between you and 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 first level sponsored consultants. Plus, there’s no residual profit opportunity. The only passive earnings can be made from the override commissions of directly sponsored affiliates, but there’s a condition attached to this: the affiliate should realise a minimum of one sale monthly for for ten months out of twelve. Plus, in order to earn commissions from sales of the M2 and M3 products, a one-time acquisition of each of these products is necessary. 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 a positive way, thinking you are free to consider any of the good marketing systems that now govern the internet. If you haven’t operated with any online marketing system until now, there’s always the choice of finding yourself a good internet marketing mentor to lead you through the process and show you good marketing strategies that can help you make the best of any MLM company you may choose in the future.

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.