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Wealth Masters International (WMI) is a Texas based company founded by Kip Herriage, a man whose background is in the finance industry, with 15 yrs spent 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 it is meant to be an economic education company. Their products are a line of financially-related lessons and conferences: the “m1″ Education Course (Masters’ Program) is a monetary education program that contains a collection of books and CD’s on subjects such as financial planning, tax strategies estate planning, asset protection, incorporation, to help you handle your personal finances and attain your financial goals. The “m2″ course (Wealth Conference) is designed to offer the necessary tools to increase your income, by means of investment training 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 yearly event where “top international personal growth coaches and wellness experts” are intended to teach you how to increase your level of individual and financial success and how to live your life of complete success and abundance. Their “Alliances”, which are basically referrals to professionals with a proven background in their field, can be considered a second WMI product line.

Well, prepare to give your best approximation of how much you would spend on this education 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 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, from my point of view, if these modules are affordable for you, it is all about trust from this point on: are you sure that these programs give in exchange at least your money’s worth? Then, go ahead, try it.

If you have decided on choosing the WMI path, the next stage is to decide on 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 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 collect payment only from their own work 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 consultants, but there’s a condition attached to this: the affiliate should accomplish at least one sale monthly for 10 months out of 12 in a year. Plus, in order to earn commissions from selling 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 compensation system has its minuses.

As for marketing systems, they don’t have an embedded one; you can look at this in a positive way, thinking of the freedom to review any of the good marketing systems that presently work the internet. If you haven’t worked with any online marketing system till now, there’s always the choice of finding yourself a good internet marketing mentor to lead you through the process and show you successful 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.