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Wealth Masters International - Scam Or Legitimate Opportunity

By: Brian McCoy

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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?

Kip Herriage founder and CEO of Wealth Masters International, a Texas based company, incorporated in 2005. 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. The m1 course is sold 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. You have the option of choosing to pay $149 to become a yearly consultant for WMI. If you decide on this option, you will be passing up your first 3 sales and the sponsorship of those people to your 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. A few of their products available are repairing you credit, education of the family, incorporating your business, etc. One major draw back is that the products are distributed by mail rather than completely online. 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.

Article Source: http://depositarticles.com/

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

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