Wealth Masters International (WMI) is a company located in Texas, 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 vision “to create success and wealth in others, one person at a time”.
WMI is made to be a financial education business. Their products contain a line of financially-related programs and meetings: the “m1″ Education Course (Masters’ Program) is a economic education course that comprises a series of books and CD’s on issues such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you handle your private finances and attain your financial goals. The “m2″ course (Wealth Conference) is created to offer any tools needed to grow your money, by means of investment training and access to the know-how 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 boost your level of individual and financial success and how to live your life of complete prosperity and abundance. Their “Alliances”, which are basically referrals to professionals with a proven track record in their field, can be considered another WMI product line.
Well, get ready to give your best guess of how much you are prepared to spend on this education 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 one individual.
OK, you can breathe out now, because, in my oppinion, if these programs are affordable for you, it is all about trust from now on: do you trust that these courses give in exchange at least the value of the money you put in? Then, give it a try.
If you have made up your mind on choosing the WMI path, the next stage is to decide on how to join them: as a member (access to the courses, but no access to WMI’s business opportunity) or as a consultant (access to the business opportunity as well).
As with any MLM business, earnings are obtained from product sales and referrals. You will be sharing your percentage with your sponsoring consultant, though. The compensation plan is a two-level plan. Consultants receive payment only from their own efforts and the work of of their first level sponsored consultants. Plus, there’s no residual earnings 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 consultant should realise a minimum of one sale monthly for 10 months out of 12 in a year. Additionally, in order to earn commissions from sales of the M2 and M3 products, a one-time purchase of every product is essential. 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 look at this in an optimistic way, thinking you are free to review any of the good marketing systems that now work the internet. If you haven’t operated with any online marketing system till now, there’s always the choice of finding yourself a good internet marketing advisor to lead you through the process and show you good marketing strategies that can help you get the best of any MLM business you may choose in the future.
For more interesting reviews of WMI and other MLM businesses, visit Jim Chao’s Wealth Masters International. You can get more bits of Jim’s experience as a successful internet marketer by visiting his widely appreciated Online Success Story
Tags: build wealth, financial courses, financial education, financial success, MLM business, Network Marketing, Online Business, personal finances, personal success, Wealth Masters International, WMI