There is some buzz being created about some new companies such as Wealth Masters International. As a smart business person looking for a legitimate opportunity, what are the advantages and disadvantages of this new company. Read on for a business review of Wealth Masters International

Who's Running the Company?

Wealth Masters International, which incorporated in 2005, is a Texas based company and was founded by Kip Herriage, CEO. Kip's background is in the finance industry with 15 yrs spent on Wall Street. Karl Bessey, Predident and Co-Founder of WMI has a very different background. He was an underground coal miner in Utah for 22 yrs before becoming involved in the MLM industry.

Kip and Karl founded WMI with the vision "to create success and wealth in others, one person at a time.

What Is The Cost To Join?

Wealth Masters International is broken down into three courses: m1, m2 and m3. The m1 course is sold for $1495, m2 for $8495, and m3 for $12,995. You are not required to purchase the m1, m2,or m3 products to become a Consultant with WMI. You have the option of choosing to pay $149 to become a yearly consultant for WMI. If you decide on this option, you will be passing up your first 3 sales and the sponsorship of those people to your sponsoring consultant. Following the third sale and member pass up, the "newbie" is now "qualified" and enters the WMI Compensation Plan as a "Consultant". The $149 fee is a small price to pay comparatively to the $20,000 price tag, but you are required to pass up your first 3 sales along with sponsorship. From there the business model is similar to that of an MLM company. Percentages of your sales are paid out to your sponsor if you do not qualify to receive them yet.

Wealth Masters International recommends joining with their "platinum plus program" which consists of all three courses and is priced at $20,750.

What If Anything Makes This Company Stand Out From The Rest?

WMI is a new company without the long term backing of other companies. We are yet to see if they will even be around in 5 yrs or end up as the next online scam. Their products focus on credit repair, family education, how to incorporate, etc. However, the products are delivered by mail and are not fully internet automated. Internet automation just cuts down on a lot of paperwork hassle. At this point the company consists of a lot of Big MLMer's who have switched over to test the direct sales water.

So in the end what really stands out about this company is a couple of things. You DO NOT get to keep 100% of the commissions. You will be CONTINUALLY passing up money to your upline over and over again. But the truly shocking thing is the price tag to sign up. If you are going to spend $20,000 on a program, you better make sure that the returns are immediate, and that you have all the support in the world from your sponsor.