Wealth Masters International (WMI) is a company located in Texas, started by Kip Herriage, a man who was formed 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 vision “to create success and wealth in others, one person at a time”.
WMI is set up to be a financial education company. Their products are a line of financially-related courses and conferences: the “m1″ Education Course (Masters’ Program) is a monetary education program that contains a collection of books and CD’s on issues such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you control your private finances and attain your financial goals. The “m2″ course (Wealth Conference) is created to provide you with the necessary tools to increase your income, 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 over the world, to attend an yearly event where “top international personal growth coaches and wellness experts” are intended to instruct you how to boost your level of personal and financial success and how to live your life of complete success and abundance. Their “Alliances”, which are mainly referrals to professionals with a proven experience in their field, can be considered another WMI product line.
Well, get ready to give your best estimate of how much you intend 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 is sold for $8,995; the m3 lifestyle experience 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 now on: are you sure that these programs offer in exchange at least the value of the money you put in? Then, go ahead, try it.
If you have decided on choosing the WMI path, the next stage is to select how to join them: as a member (access to the information, but no access to WMI’s marketing opportunity) or as a consultant (access to the profit opportunity as well).
As with any MLM company, earnings are 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 earnings 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 consultant should realise a minimum of 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 acquisition of each of these products is necessary. So, even if there are really high profits from product sales, the rewarding system has its drawbacks.
As for marketing systems, they don’t have one of their own; you can take a peak at this in a positive way, thinking you are free to prospect any of the good marketing systems that presently work the internet. If you haven’t operated with any online marketing system yet, 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 make the best of any MLM company you may choose later on.
For more information on Wealth Masters International, as well as other successful MLM companies, visit Jim Chao’s WMI Review. Jim is a young talented internet marketer who is willing to share with you his methods to grow your business online.
Tags: build wealth, financial courses, financial education, financial success, mlm business, online business, Personal Finance, personal finances, personal success, Wealth Masters International, WMI
