Wealth Masters International (WMI) is a company located in Texas, founded by Kip Herriage, a man who was formed in the finance industry, with a 15 year experience on Wall Street. Together with his associate, Karl Bessey, he 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 are a line of financially-related modules and meetings: the “m1″ Education Course (Masters’ Program) is a monetary education module that contains a collection of books and CD’s on issues such as financial planning, incorporation, asset protection, estate planning, tax strategies, to help you control your personal finances and attain your financial goals. The “m2″ course (Wealth Conference) promises to provide you with the necessary tools to multiply your income, by means of investment training 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 yearly 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 complete prosperity 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 guess of how much you are prepared to 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 retails for $8,995; the m3 lifestyle example is offered at the price of $12,995 for one 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 this point on: are you sure that these courses give in exchange at least your money’s worth? Then, give it a try.

If you have decided on taking the WMI path, the next stage is to decide on how to join them: as a member (access to the information, but no access to WMI’s marketing opportunity) or as a consultant (access to the income opportunity as well).

As with any MLM business, earnings are gained from product sales and referrals. Percentages will be shared between you and your sponsoring consultant, though. The rewarding plan is a two-level plan. Consultants receive payment only from their own work and the work of of their first level sponsored consultants. Plus, there’s no residual earnings opportunity. The only passive remuneration can be made from the override commissions of first level sponsored affiliates, but there’s a condition attached to this: the affiliate should make a minimum of one sale per month 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 each of these products 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 take a peak 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 so far, there’s always the option of finding yourself a good internet marketing advisor 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 later on.

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.