7K Metals Network Marketing Company
Another one of the making money online programs is this. This program focuses on the sale of a group membership which makes you money by selling other people's crap.
It is promoted almost by every high-ranking member of the course, who receives only their hard work at lower levels. That's right!
Although it's illegal, it's considered a pyramid scheme.
It is meant to teach you how to become a multi-level marketer. However, most members don't make any money by promoting other products.
It is false. A tiny $6 commission won't get you rich.
This review must be honest.
7K metals comes with some great information that will help you make money online and land big commission checks.
It's obsolete!
Here are the answers to many of your most frequently asked questions about 7k metals and cheap MLMs.
You will also see my exact strategy for building my internet marketing business to over $40,000 per month, mostly passive income.
This system made me swear off MLMs for good because it uses some of the same skills but in a much more powerful and profitable way!
We'll be discussing this more later.
Let's move on to the 7K metals!
What are 7K Metals exactly?
7k Metals was founded in 2016 by network marketing entrepreneurs from Idaho. Members can sign up for memberships that include precious metals, bullion, bars, and gold coins.
These are my thoughts...
The company's mission is to improve people's lives around the globe. 7K Metals is committed to helping people build wealth and financial freedom through gold, silver and other precious metals.
These are the men that got the ball rolling.
These gentlemen will be discussed a little later.
They aim to offer the lowest price precious metals to their members and charge them only what they actually cost. 7K purchases precious metals such as silver and gold bars at the lowest prices from the top distribution outlets across the globe.
Are 7K metals scam or legitimate?
Please clarify that I don't have the 7k Metal membership. Everything I have given is based upon what I found online. Technically, 7k Metals is a well-respected network marketing company that can offer you something in exchange for your initial payment.
Apart from that, I haven’t seen anyone complain about being duped by poor products online. People believe it’s true. You can be sure that the company will continue to have a great team.
But, I have a concern about the distribution of products. This is not accessible to all members. I would prefer to see them offer memberships directly to individuals, rather than through MLM models.
Signing up new members and allowing them access to precious metals at a discounted price can help you earn commissions. I am not interested in MLM models and their products. 7k Metals is not something I recommend.
But...
You could give 7k Metals a shot if you've had previous experience with an MLM company (check out our list of top MLM companies) and are well-versed in the world of precious metals. Do your research globally before you rush to purchase the metals.
7k Metals might be worth your while if the price is right.
All this being said, I hope that you find the 7k Metals review useful and informative. The company will also be revealed to you.
What good is all this knowledge if it doesn't allow you to make money with precious metals?
So, let's dig a little deeper.
MLM Business Opportunity for 7K Metals
What is the 7K Metals Compensation Program?
7k Metals offers what is known as a "binary plan" for compensation. This allows you to earn money for every member you sign up. This compensation plan basically combines your top position with an upside-down "V." You can sign up to either your left or right side.
7k Metals uses points to determine how much you have sold.
Only one week is all you have to earn more than 1,000 points. You can also start over again.
You're so insane! You are so crazy! It is included in their compensation plan.
You must reach certain milestones to receive a 7k Metals payment.
Are there 7K Metals Pyramid Plans?
7k Metals can't be sold retail. It would be wonderful if precious metals could be sold to non-affiliated customers. This is not possible. If you're not a member, you can't purchase anything.
Their primary focus seems to be on the product.
To make 7k Metals money, you must sign up new members. This is where the "pyramid schemes flags" are raised.
A pyramid scheme is basically a company that encourages you to sign up to its program in order to make money, not just to sell products.
7k Metals does offer decent products, such as precious metals, so technically they're not a pyramid scheme.
Technically...
If you still have reservations, we recommend taking a look at their standing with the Better Business Bureau.
What is the 7K Metals Precious Metals product range?
Products sold through 7k Metals include:
Here's the pricing breakdown
A kilogram of gold could cost as much as $47.627
7k Metals offers a wide selection of jewelry.
7k Metals has also negotiated a private safe agreement, so your collection can be stored in a safe place.
7k Metals allows members to shop on their site for specific products at member's pricing, but they require that you are a US resident and have a membership plan.
To buy these products, you will need to meet wealthy people.
This is not a long-term business plan.
Who are the 7K Metals owners?
As I mentioned above, 7k Metals owners are:
Zack Davis
Anderson and Davis have the most MLM experience. Davis was a college student at the time network marketing was first introduced to him. He has been a mentor to many people since then. Since 2011, Anderson and Davis own a separate MLM company called Black Ink International.
Richard Hansen
Hansen has been a network marketer for more than 34 years. Hansen has vast experience in precious metals mining and collection.
Roger Ball
He is well-known as an entrepreneur. He is also the founder and CEO of JD Premium. It was closed in 2015. He was the former owner of JD Premium. He sold JD Premium in 2015. In 2012, he was also a member of Paycation.
Josh Anderson
Anderson discovered network marketing when he was 21 years old. Anderson was 21 when he first discovered network marketing. Anderson was able to create a team of over 18,000 people in a year. He was also able in 2008 to create a team of over 18,000 people in just four months.
Anderson was quickly appointed CEO, and the company grew rapidly to over 26,000 members.
He was CEO of JD Premium from 2009 to 2011. Davis was CMO. They were principally distributors of personal and nutritional products.
The leadership of 7k Metals is generally at par.
Is 7K Metals a Good Investing Option?
You get restricted point system payments for every 7k Metals product you sell. This is something that I do not like. Selling the product doesn't make you much. It's as if the product were designed this way.
For every sale, you get 20 points. To receive a payout, however, 500 points are required. This compensation plan is the reason I don't see many people who succeed in MLM.
MLM is losing money to 70-100% MLM members. You can find in-depth statistics on the industry.
7k Metals has yet to disclose whether its members make any money.
My guess is that the company makes very little money.
Membership dues
1. Members
All members have to choose between the premium or basic membership. Here are the details:
- Basic Membership: $249/year
- Premium Membership: $449/year
2. Travel Card
You must also purchase a travel savings card from 7k Metals. Here are the details:
- Basic Membership: $250
- Premium Membership: $500
This program will help you find the best travel deals every month.
Should you join 7K Metals?
7k Metals operates as a network marketplace company. This is something you should consider if you feel comfortable. MLM can be a lucrative opportunity for people who are familiar with the subject. This is a great opportunity for those who love the idea of buying precious metals like silver and gold.
If MLM isn’t your thing, 7k Metals may not be for you.
You can also say that I wouldn't be interested in precious metals if you don’t have an interest.
Because of their nature and high price, it is very expensive to purchase precious metals.
It being so...
These products may not be for you if money is an issue. Warm market prospecting, if money is an issue within your circle of influence can limit your ability to make commissions.
Pros & Cons
It's always a good idea to weigh the advantages and disadvantages of any business venture, especially MLM. Here are some things to consider:
Pros
Cons
These cons are worth looking at in-depth
1. The Cost
The precious metals market can be unpredictable. It is important to understand that investing in precious metals can be risky. Gold is still gold. It can be kept if the market is falling and sold when it rises.
Gold and other metals can still be very costly so make sure you don't go overboard if you have a limited budget.
2. You must register to purchase products
Their website does not explain the possibility of guest checkout. However, it is misleading because you cannot actually purchase metals as a guest.
Once you have made your decision, you will need the name of the person who recommended the site to you.
You will eventually need to pay a subscription fee in order to purchase any product line.
3. Mandatory: Auto-Ship Program
Auto-delivery must always be signed up in order to keep your membership status.
While this may not pose a problem if precious Metals are selling fast, it could mean that you have excess inventory.
Sounds crazy, right?
This is how you can see that so many members lose money.
4. A majority of members fail
The majority of its members either quit or fail, as is the case with most MLM companies (up to 98%)
7k Metals is still a young company. I believe their members will leave eventually.
You might be able to sell ice directly to Eskimos, and you may also like MLM.
However, those who start at the beginning are most likely to succeed.
5. Exclusive Products for Members
It may be me, but 7k Metals' policy of allowing only members to buy precious metals seems counterintuitive. It is a little odd that members must pay an upfront fee to purchase other items.
6. Very small market
It is evident that precious metals are not in great demand.
It is hard to sell silver and gold. These items are not purchased for entertainment, but to make long-term profits. You can't make a profit in a market that is shrinking.
People can be interested in buying gold bars and precious metals. But will they buy them?
It seems risky, especially since I don't have any knowledge about gold trading.
7. Find Affordable Products
It is evident that precious metals are not in great demand.
It is hard to sell silver and gold. These items are not purchased for entertainment, but to make long-term profits. You can't make a profit in a market that is shrinking.
People can be interested in buying gold bars and precious metals. But will they buy them?
It seems risky, especially since I don't have any knowledge about gold trading.
My Last Thoughts
Although 7k Metal may look solid, with solid management, in the end, it is still an MLM business... and it's difficult to make money in MLM.
It's a good idea to reach out and recruit your friends and family to sell silver and gold, or to help you set up this business model. They will then fail and blame you for making them lose $250 to $500. This can lead to awkward holidays and family reunions.
What suggestions would you make?
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7K Steels is not scalable.
You only have a finite amount of time, and there are only so many people you can reach.
MLM companies know this! MLM companies understand this and will encourage you to recruit other people for your downline. It's not possible to make it big if you are a one-man/woman business.
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How can you get paid the most?
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Based on industry standards, a fair price for a lead is between 10-20 %... Let's use the tree service industry to illustrate and then consider the worst-case scenario.
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7K metals are the same as you only get what your monthly quota allows.
We recommend the course to help you get massive FLAT RATE DEALS. This is passive income!
This program will help you make money online.
The program's owner will guide you and will occasionally talk to you.
Find out the importance of keywords, website names, and how to send emails notifications about calls, backlinking, or other details.
Once the training program is completed, you will be able to access a Facebook Group we believe is better than the 7K Metals Group. This group is active.
Contrary to 7K sheets of steel, where you get only $10 per sale. Your chances of getting 10-20X are higher.
Businesses will always require more leads and another job. It doesn't matter whether the job isn’t coming through their website. They see it exactly as it is...expanding the digital estate.
7K Steels isn't the only option. People are more willing to quit their 9-5 jobs.
While passive income can be earned from digital realty, most of your time will be spent with friends and not selling.
You likely have many questions.