You are here: DIME Home > Business Coaching > Wealth Masters International - Can It Help You Build Wealth?

Wealth Masters International - Can It Help You Build Wealth?

An unbiased review of Wealth Masters International (WMI) aimed at giving you both the advantages and drawbacks of joining the WMI venture. See if WMI is the right business for you.

Author: Jim Chao
Date: Jan 22, 2010 - 4:26:33 PM

Printer friendly page

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. He and his associate Karl Bessey founded WMI in 2005, having the dream "to create success and wealth in others, one person at a time".

WMI is made to be an economic education company. Their products incorporate a line of financially-related courses and seminars: the "m1" Education Course (Masters' Program) is a monetary education course that comprises a collection of books and CD's on topics 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" module (Wealth Conference) is designed to provide you with any tools needed to multiply 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 annual event where "top international personal growth coaches and wellness experts" are supposed to teach you how to raise your level of personal and financial success and how to live your life of entire prosperity and abundance. Their "Alliances", which are principally referrals to professionals with a proven track record in their field, can be considered a second WMI product line.

Well, prepare to give your best estimate of how much you intend 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 retails 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, from my point of view, if these courses are affordable for you, it is all about trust from this point on: do you trust that these courses give 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 step is to choose how to join them: as a member (access to the courses, but no access to WMI's marketing opportunity) or as a consultant (access to the profit opportunity as well).

As with any MLM business, earnings are collected from product sales and referrals. Percentages will be split between you and your sponsoring consultant, though. The rewarding plan is a two-level plan. Consultants obtain payment only from their own efforts and the work of of their directly sponsored consultants.  Plus, there's no residual income opportunity. The only passive income can be made from the override commissions of directly sponsored consultants, but there's a condition attached to this: the consultant should realize at least one sale monthly for for ten months out of twelve. Additionally, in order to earn commissions from selling the M2 and M3 products , a one-time purchase of every product is required. 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 look at this in an optimistic way, thinking of the freedom to prospect any of the good marketing systems that currently govern the internet. If you haven't operated with any online marketing system so far, 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 make the best of any MLM company you may choose in the future.

View all articles by Jim Chao

Link to this article:

Code to copy:

<a href="http://www.dime-co.com/business-coach/wealth-masters-international-can-it-help-you-build-wealth.shtml">Wealth Masters International - Can It Help You Build Wealth?</a>

---

Search for articles: Advanced Search

Recommended Associates

Latest Articles in All Categories

Putting Up a Small Commercial Printing Business

So You Might Be Unemployed And Desire To Become A San Francisco Real Estate Investor Now

Meditation and Mindfulness: Dealing With Emotion

CPA Websites: Five Essential Ideas for Composing Convincing Articles

Set Goals In Order to Come Up With Your Action Plan

Is the Air in Your Home Safe to Breathe?

Coarse Fishing Tackle Review: The JW Young 13ft Trotter Rod

Section 1031 Exchanges For San Diego Real Estate Investors

Phoenix Real Estate Investing For Highest Possible Earnings

Legendary are the Volk Racing TE37 Wheels

Developing the Next Generation Wall Station (ChaseDesk™) for Healthcare - A Case Study

What are step down transformers?

Introducing Sharehype, the Revolutionary Tool for Online Marketers

Rewards To Shopping For Austin Real Estate On The Web

Hydroponics for Beginners

Do you write?

Would you like submit your articles and have them approved on a priority status? Find out more about how you can become a Priority author for pennies a day! Click here.

News Feed

Dime-co.com Home

Business (9328)

Computers & The Internet (5740)

Entertainment (1348)

Family (958)

Finance (1963)

Health (4246)

Home and Living (6670)

Marketing (6113)

Shopping & Product Reviews (2624)

Sports (694)

Travel and Vacations (1689)

Video Articles (1)

Editors Pick (1)