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

WMI it is meant to be an economic education business. Their products consist of a line of financially-related modules and seminars: the “m1″ Education Course (Masters’ Program) is a economic education module that contains a collection of books and CD’s on subjects such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you manage your private finances and get to your financial goals. The “m2″ course (Wealth Conference) promises to offer any tools needed to grow your money, by means of investment guidance and access to the knowledge of world-renowned financial experts. The “m3″ (Private Wealth Group) shows you luxurious retreats from all over the world, to attend an annual event where “top international personal growth coaches and wellness experts” are meant to instruct you how to boost your level of individual and financial success and how to live your life of entire prosperity 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 guess of how much you would spend on this schooling 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 retails for $8,995; the m3 lifestyle example comes at the price of $12,995 for one individual.

OK, you can breathe out now, because, from my point of view, if these programs 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, give it a try.

If you have made up your mind on taking the WMI path, the next step is to choose how to join them: as a member (access to the information, but no access to WMI’s business opportunity) or as a consultant (access to the profit opportunity as well).

As with any MLM company, profit is obtained 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 receive 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 realise at least one sale monthly for for ten months out of twelve. 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 minuses.

As for marketing systems, they don’t have an embedded one; you can take a peak at this in an optimistic way, thinking of the freedom to consider any of the good marketing systems that currently govern the internet. If you haven’t operated with any online marketing system till now, there’s always the option of finding yourself a good internet marketing mentor to lead 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 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