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 company. Their products contain a line of financially-related modules and conferences: the “m1″ Education Course (Masters’ Program) is a monetary education program that contains a series of books and CD’s on subjects 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) is created to provide you with any tools needed to grow your income, through investment guidance and access to the know-how of world-renowned financial experts. The “m3″ (Private Wealth Group) invites you in luxurious retreats from all over the world, to attend an annual event where “top international personal growth coaches and wellness experts” are meant to teach 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 background in their field, can be considered another WMI product line.

Well, get ready to give your best estimation 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 retails for $8,995; the m3 lifestyle example 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 modules are reasonably priced for you, it is all about trust from now on: are you sure that these programs 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 choosing the WMI path, the next step is to decide on 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 obtained from product sales and referrals. You will be sharing your percentage with your sponsoring consultant, though. The compensation plan is a two-level plan. Consultants receive payment only from their own work 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 first level sponsored affiliates, 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 selling the M2 and M3 products , a one-time purchase of every product is required. 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 one of their own; you can take a peak at this in a positive way, thinking you are free 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 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 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.