Wealth Masters International (WMI) is a Texas based company 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 set up to be a financial education business. Their products incorporate a line of financially-related courses and seminars: the “m1″ Education Course (Masters’ Program) is a monetary education module 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 private finances and reach your financial goals. The “m2″ course (Wealth Conference) is created to offer the necessary tools to increase your money, by means of investment education and access to the experience 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 instruct you how to boost your level of individual and financial success and how to live your life of complete prosperity and abundance. Their “Alliances”, which are principally referrals to professionals with a proven experience 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 is sold for $8,995; the m3 lifestyle experience comes at the price of $12,995 for one individual.

OK, you can breathe out now, because, in my oppinion, if these courses are reasonably priced for you, it is all about trust from this point on: do you trust that these lessons 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 income opportunity as well).

As with any MLM company, earnings are gained 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 receive payment only from their own work and the work of of their directly sponsored consultants. Plus, there’s no residual profit opportunity. The only passive earnings can be realized from the override commissions of directly sponsored consultants, but there’s a condition attached to this: the affiliate should realise 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 each of these products is necessary. So, even if there are really high profits from product sales, the rewarding system has its minuses.

As for marketing systems, they don’t have an embedded one; you can take a peak at this in an optimistic way, thinking you are free to prospect any of the good marketing systems that currently govern the internet. If you haven’t operated with any online marketing system yet, there’s always the option of finding yourself a good internet marketing advisor to guide you through the process and show you successful marketing strategies that can help you get the best of any MLM company you may choose in the future.

For more interesting reviews of WMI and other MLM businesses, visit Jim Chao’s Wealth Masters International. You can get more bits of Jim’s experience as a successful internet marketer by visiting his widely appreciated Online Success Story