7k metals is an MLM network marketing company that sells gold and silver coins and bars. It also offers an affiliate program that allows members to earn commissions by referring new members.
While it’s true that there are a lot of MLM scams out there, 7k metals isn’t one of them. It’s a legitimate precious metals investment company with a fair compensation plan.
It’s a Pyramid Scheme
If you’re looking for a new way to make money, 7k metals may seem like a great opportunity. However, there’s a lot you should know before joining.
One of the first things you need to understand about 7k metals is that it’s a pyramid scheme. That’s because it requires you to sign up new members in order to earn money. This is a type of multi-level marketing (MLM) business, and most MLMs lose money.
The company’s compensation plan works by paying members commissions based on their team’s sales. This means you get paid for the members you sign up, as well as their referrals. Depending on how many people you recruit, you can earn anywhere from $500 to $1,000 per week.
While the pay structure is legitimate, you’ll have to spend a lot of time and effort to promote the company. If you have a tight budget, it may be difficult to meet your financial goals with this scheme.
Another problem is that most members end up failing or quitting before they have a chance to break even. That’s because the market for precious metals is small and hard to crack.
That’s why most of the members who join 7k metals will end up calling it quits after a few months.
There are a few reasons why this is the case, but it’s most likely due to their high membership fees and mandatory auto-ship. The only way to buy these products is to become a member, which can be a costly expense for most people.
If you want to invest in gold or silver, there are better ways to do it than with an MLM. There are also plenty of other companies that offer more competitive prices and superior customer service.
7k metals is owned by a group of network marketing entrepreneurs from Idaho. They’ve all been involved in MLM businesses before, including Black Ink International, and have 34 years of experience in the industry. The owners include Zack Davis, Richard Hansen, and Roger Ball.
It’s Expensive
7k Metals is a multi-level marketing company that sells gold and silver coins, bars, and jewelry. It also offers vault space to its members at a discounted rate. The company’s mission is to help people around the world build wealth and financial freedom.
The cost of joining 7k Metals is $249 for the basic membership and $449 for the premium one. It includes a travel savings card valued at $250 for the basic membership and $500 for the premium one.
Another option is to sign up for the Dealer Direct program, which gives you deep discounts on certain items in the marketplace. This is especially useful if you’re looking to buy in bulk, as the prices are lower than other dealers.
There’s also the 7k Selected collection, which contains products that are aimed at growing in value over time. This is a good way to get a great return on your investment, but it’s important to know that these items are likely to go up in price, which is why they’re not appropriate for every investor.
Aside from their precious metals products, 7k Metals also has a few non-metal items in their inventory. These include a few different styles of clothing, as well as other accessories. You can also find some cool t-shirts and backpacks, which are perfect for travelers.
The compensation plan for 7k Metals is a bit complicated, but it works by awarding points for every product sale. These points are based on your level, with 500 points earning you $500 and 1,000 points paying you $1000 each week.
You can earn more money if you recruit new members. This process is similar to the one used by many MLM companies.
It’s a little different from other multi-level marketing businesses, but it’s still a legitimate business. The key is to make sure you understand how it works before you join.
In addition, the cost of membership is a bit higher than other MLM companies. It can be up to 500 to 1,000 dollars, which is not cheap, especially if you’re just starting out.
It’s Difficult to Make Money
7k metals is a legitimate multi-level marketing (MLM) company that offers its members the opportunity to buy and sell precious metals. In addition, members earn commissions from their sales and the sales of their downline. However, some people have raised concerns about the high cost of the products and the mandatory auto-ship program.
The compensation plan at 7k metals is based on a restricted point system, which may cause low earnings for sales representatives. Additionally, the company’s market is limited and members must spend a lot of time to recruit new members.
In addition, members cannot sell products to non-affiliated clients. This means that they have to recruit friends and family, which can be a challenge for some people.
Another concern is the low payouts for members. According to research, only 9 percent of people who join multi-level marketing companies make money. This is a serious concern, as it indicates that the company does not have a solid business model.
To make money with 7k metals, members must recruit other members who will also sign up for the auto-ship program and pay a monthly fee to buy products. This is a very difficult task, and it can lead to frustration and disappointment.
The company does not release financial data on its members’ earnings, which is a major red flag. In addition, many members have reported losing money through the system.
Finally, the auto-ship program is a big drawback. This can cause you to purchase unwanted inventory and lose money.
If you’re looking to invest in precious metals, you should find a reputable dealer who can provide honest price quotes and explain the value of different types of investments. This can help you avoid the 7k metals scam and make the most of your investment.
It’s a Scam
7k metals is a multi-level marketing company that offers a variety of precious metal products. It also provides financial resources for people to build wealth and financial freedom. It is a legitimate MLM business, but it’s important to understand how it works before you join.
This company is run by Roger Ball, Zach Davis, Richard Hanses, and Josh Anderson. They have years of experience in network marketing and are committed to helping people achieve their financial goals.
Their product offerings include jewelry, bars, and coins made from precious metals like gold and silver. They also sell vault space, which allows members to store their coins and bars in a secure environment.
These products are expensive, which makes them unsuitable for those with limited budgets. Plus, there’s a high risk of losing money due to poor customer service.
While there are many people who benefit from investing in precious metals, it’s a risky investment that isn’t suitable for everyone. It’s not insured, and it may lose value over time.
The main issue with 7k metals is that it’s a pyramid scheme. It requires you to recruit other members in order to earn commissions. This can be difficult for those who are new to network marketing, and it can cause many people to fail or quit.
In addition, the company’s compensation plan is complicated and difficult to understand. It’s based on a restricted point system that rewards sales representatives with a small percentage of the total sale. This can lead to low earnings and can contribute to the high failure rate of MLMs.
It’s also important to note that 7k metals is a binary compensation plan, which means you only get paid when someone you recruit purchases from the company. This can be frustrating for some people, as it can make it difficult to reach four- and five-figure payouts.
If you’re looking for a good way to make money, then you should look into other options. There are other MLM opportunities that pay out more than 7k metals, and they’re much easier to get started with.
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