Wealth Masters International (WMI) is a company located in Texas, 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 is set up to be an economic education business. Their products are a line of financially-related programs and meetings: the “m1″ Education Course (Masters’ Program) is a economic education course 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 manage your personal finances and reach your financial goals. The “m2″ program (Wealth Conference) promises to offer the necessary tools to grow your money, through investment education and access to the experience of world-renowned financial experts. The “m3″ (Private Wealth Group) invites you in luxurious retreats from all around the world, to attend an annual event where “top international personal growth coaches and wellness experts” are meant to teach 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 mainly referrals to professionals with a proven experience in their field, can be considered a second WMI product line.

Well, prepare to give your best approximation of how much you intend to 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 is offered at the price of $12,995 for each individual.

OK, you can breathe out now, because, from my point of view, if these lessons are affordable for you, it is all about trust from now on: are you sure that these courses 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 step is to select 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 profit opportunity as well).

As with any MLM business, earnings are obtained from product sales and referrals. You will be sharing your percentage with 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 earnings opportunity. The only passive remuneration can be realized from the override commissions of directly sponsored affiliates, but there’s a condition attached to this: the affiliate should accomplish a minimum of one sale per month for for ten months out of twelve. Additionally, in order to earn commissions from sales of the M2 and M3 products, a one-time acquisition 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 a positive way, thinking of the freedom to consider any of the good marketing systems that now work 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 guide you through the process and show you profitable marketing strategies that can help you get the best of any MLM company 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.