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Wealth Masters International (WMI) is a Texas based company started by Kip Herriage, a man who was formed in the finance industry, with 15 yrs spent 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 a financial education company. Their products consist of a line of financially-related programs and conferences: the “m1″ Education Course (Masters’ Program) is a monetary education program that comprises a series of books and CD’s on topics such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you control your personal finances and reach your financial goals. The “m2″ program (Wealth Conference) promises to provide you with any tools needed to grow your income, through investment education and access to the knowledge of world-renowned financial experts. The “m3″ (Private Wealth Group) invites you in luxurious retreats from all around the world, to attend an yearly event where “top international personal growth coaches and wellness experts” are meant to instruct you how to raise your level of individual and financial success and how to live your life of entire success and abundance. Their “Alliances”, which are principally referrals to professionals with a proven experience in their field, can be considered a second WMI product line.

Well, get ready to give your best approximation of how much you would spend on this schooling 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 experience comes at the price of $12,995 for each individual.

OK, you can breathe out now, because, in my oppinion, if these lessons are reasonably priced for you, it is all about trust from now on: do you trust that these programs offer in exchange at least the value of the money you put in? Then, give it a try.

If you have decided on choosing the WMI path, the next stage is to choose 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 income 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 collect 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 remuneration can be obtained from the override commissions of first level sponsored affiliates, but there’s a condition attached to this: the affiliate should realise at least one sale per month 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 necessary. So, even if there are really high profits from product sales, the compensation system has its drawbacks.

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 mentor to lead you through the process and show you profitable marketing strategies that can help you get the best of any MLM business you may choose in the future.

For more information on Wealth Masters International, as well as other successful MLM companies, visit Jim Chao’s WMI Review. Jim is a young talented internet marketer who is willing to share with you his methods to grow your business online.