Wealth Masters International (WMI) is a company located in Texas, started by Kip Herriage, a man whose background is in the finance industry, with a 15 year experience 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 is made to be an economic education company. Their products incorporate a line of financially-related lessons and conferences: the “m1″ Education Course (Masters’ Program) is a economic education program that contains a series of books and CD’s on subjects such as financial planning, tax strategies estate planning, asset protection, incorporation, to help you manage your personal finances and attain your financial goals. The “m2″ program (Wealth Conference) promises to offer the necessary tools to increase 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 yearly event where “top international personal growth coaches and wellness experts” are intended to instruct 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 mainly referrals to professionals with a proven track record in their field, can be considered a second WMI product line.

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

OK, you can breathe out now, because, in my oppinion, if these lessons are affordable for you, it is all about trust from now on: are you sure 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 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 profit opportunity as well).

As with any MLM company, profit is obtained 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 obtain 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 earnings can be obtained from the override commissions of directly sponsored affiliates, but there’s a condition attached to this: the consultant should accomplish a minimum of one sale monthly for for ten months out of twelve. Plus, in order to earn commissions from sales of 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 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 now govern the internet. If you haven’t worked with any online marketing system until now, there’s always the choice of finding yourself a good internet marketing mentor to lead you through the process and show you good 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.