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Wealth Masters International (WMI) is a Texas based company 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 idea “to create success and wealth in others, one person at a time”.
WMI it is meant to be a financial education company. Their products contain a line of financially-related modules and seminars: the “m1″ Education Course (Masters’ Program) is a financial education program that contains a collection of books and CD’s on topics such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you manage your personal finances and get to your financial goals. The “m2″ program (Wealth Conference) is designed to offer any tools needed to increase your earnings, through investment education and access to the knowledge of world-renowned financial experts. The “m3″ (Private Wealth Group) invites you in luxurious retreats from all over the world, to attend an annual event where “top international personal growth coaches and wellness experts” are supposed to teach you how to increase your level of personal and financial success and how to live your life of complete prosperity and abundance. Their “Alliances”, which are mainly 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 estimation of how much you are prepared to spend on this teaching 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 retails for $8,995; the m3 lifestyle example comes at the price of $12,995 for one individual.
OK, you can breathe out now, because, from my point of view, if these courses are affordable for you, it is all about trust from this point on: are you sure that these lessons offer in exchange at least your money’s worth? Then, give it a try.
If you have made up your mind on choosing the WMI path, the next step 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, profit is collected 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 receive 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 income can be obtained from the override commissions of directly sponsored affiliates, 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. Plus, in order to earn commissions from selling the M2 and M3 products , a one-time acquisition of every product 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 an embedded one; you can take a peak at this in a positive way, thinking of the opportunity to prospect any of the good marketing systems that now govern the internet. If you haven’t worked with any online marketing system till now, there’s always the option of finding yourself a good internet marketing advisor to lead you through the process and show you successful marketing strategies that can help you get 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.