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 at
http://www.Wealthy-Marketer.org
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