Sunday, 3 June 2012

Is Wealth Masters International The One Best Deal For You?

By Ryne Nielson


People have started to invest money in business and investments to gain some control of their financial situations. Some of these people invest their money in programs like Wealth Masters International (WMI). Kip Herriage and Karl Bessey started WMI in 2005 and it is based out from Texas. WMI has a genuine and unique product with a high profit margin for the sales consultants.

WMI has basically 3 products, which consists of courses and conferences on finance management as well as about health management and well being. It has multiple advantages. The first product, M1 Masters Course, consists of CDs and DVDs about financial information of about estate planning, asset protection and tax strategies, comes for a price of $1,995.

Having said that the initial investment is huge for WMI, compared to other home business, you would be wondering what exactly the amount is. The amount of the three products and initial set up, sums up to $26,840. In addition, you would have to pay $2,857, for the associate position and to retain the subscription.

Wealth Masters provide an influential concept with its focus on financial management and network of alliances. But there is a glitch in WMI : this program is only for United State residents, which limits the scope of international customers. Also, the product offered by WMI is proposed for people with disposable income, who would like to learn how to protect their assets, financial planning and tax minimizing strategies. But, usually people with disposable income would have their own trusted financial advisors. This limits the scope of market to sell the Wealth Masters programs.

A one time purchase of products M2 and M3 is required to gain commission from the sales of these products. This is unusual compared to other home business, as the others allow the members to participate in all levels, without mandating the purchase of all the products offered. Also, there is an enrollment fee of ninety-nine dollars and the required WMI site fees of fifty dollars. All these fees together makes WMI, the highest start up cost home business venture.

If you do not know about internet marketing, you could get the guidance of an internet marketing mentor and earn more revenue by applying the best techniques.

The WMI commission plan deploys multi level marketing strategy with a two level plan. The profit is shared between the consultant who made the sale and the direct sponsor of the consultants. Even though, World Masters International provides a high sale profit, there is no much passive residual income. The only residual income is the commission of first level consultant, provided the consultant makes a sale each for 10 months.

The compensation received from Wealth Masters International is from the referrals and commission of the sales. As, in any MLM business, the profit is divided between the consultant and sponsor. To get a steady income from Wealth Masters International, you would have to market yourself and generate business.




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