7K Metals Review – (2021) Legit Precious Steel MLM or Chart Scam?
There has been buzz concerning this precious metal MLM company and I made a decision to take a deeper look.
Odds are someone approached you about the business enterprise opportunity or their precious metal products and so you landed here to make sure it's legit.
What's promising is I'm likely to walk you through the 7K Metals products, company and compensation plan so you cam make the right decision.
Just PAY close attention and read this to the end…
7K Metals Review (MLM Company)
7K Metals is really a US Idaho based MLM company that specializes in precious metals.
The 7K Metals founders are Zach Davis, Josh Anderson, Richard Hansen, Roger Ball and Sam Cooks (CEO).
In regards to see in network marketing, Zach David and Josh Anderson have a lot.
Zach Davis first learned the power of referral marketing as a college student.
From his first experience in the industry to his most recent he has helped tens of thousands of people realize their ability to produce a more significant contribution to the world.
Josh Anderson got his first taste of network marketing at the age of 21. He was able to build a big team that focused on other people's success. That team reached over 18,000 people in its first year.
In 2008 Josh, influenced a new MLM company that in 120 days grow to 9,000 people, of which time Josh end up being the CEO of the business and lead the business to over 26,000 distributors.
Back in 2011, Davis and Anderson together ran a training company called Black Ink International.
Anderson cites himself while the CEO of JD Premium from 2009 to 2011.
JD Premium promoted a selection of nutrition and personal care products and the business was power down by Roger Ball in 2015.
Zach Davis served while the JD Premiums Chief Marketing Officer from 2009 to 2011.
Along with running Black Ink International with Anderson, he was also an affiliate for Paycation in 2012.
What is 7K Metals
7K Metals is a Multi-level Marketing company that provides memberships giving people usage of precious metals such as for example gold, silver and bronze.
The MLM company believes it will also help members achieve financial freedom by investing their wealth in gold and silver.
In addition they discuss how they offer the most affordable precious metals in the market.
7K Metals Products
Like any legit network marketing company they much offer products or services to customers.
7K Metals most widely used products are the next:
- American Gold Buffalo 1 oz. coin ($1,845)
- Pamp 5 oz. gold bar ($8,800)
- Royal Canadian Mint 100 oz. silver bar ($2,000)
Here are far more best-sellers they are offering right now…
7K metals isn't the only real company in this came and plenty of other individuals offer similar array of metals such as for example goldsilver.com https://www.scamrisk.com/7k-metals/.
Not just that, you can find other MLM companies offering similar products such as for example:
- Fluorescent Sand
- Real Gold
- Karatbars International
- Global InterGold
7K Metals Compensation Plan
7K Metals affiliates get going that could either buy precious metals or sponsor other affiliates and earn a commission.
Commissions inside of 7K metals is paid via a binary compensation plan structure.
Position in a binary may be filled directly or indirectly by team or downline members.
7K Metals commissions are paid out on the subscriptions fee's which are tracked through points:
- purchase of a Regular affiliate ($249 a year) generates 100 points
- purchase of a Premium affiliate ($499 a year) generates 150 points
- purchase of coins by recruited affiliates generates 20 points (cited as a normal amount)
At the end of weekly 7K Metals adds up all the newest points produced on both sides of the binary team.
For each 500 points matched on both sides, there's a $500 commission paid.
You will see caps depending on the following criteria:
- Associate (recruit and maintain at least two MLM commission qualified affiliates, split one on each side of the binary team) – $500 weekly commission cap
- Copper (recruit and maintain at least four MLM commission qualified affiliates (two must certanly be Associate), split two on each side of the binary team) – $1000 weekly commission cap
- Bronze (recruit and maintain at least six MLM commission qualified affiliates (two must certanly be Copper), split three on each side of the binary team) – $2000 weekly commission cap
- Silver (recruit and maintain at least ten MLM commission qualified affiliates (two must certanly be Bronze), split five on each side of the binary team) – $3500 weekly commission cap
- Gold (recruit and maintain at least sixteen MLM commission qualified affiliates (two must certanly be Silver), split eight on each side of the binary team) – $7000 weekly commission cap
To be qualified to earn commissions in the binary compensation plan you have to produce at least 20 points every 32 days.
Any left volume or points is carried over to the next pay period.
How Much Does It Cost To Join 7K Metals?
You have two membership options you can choose from.
7K Basic Membership
Pay $249 annually for a 7K basic membership and access precious metals at wholesale cost.
7K Premium Membership
Pay $499 annually for a 7K Premium membership and gets you everything in the 7K basic plus much more.
Like, not just do you access precious metals at wholesale, now you may get wholesale pricing on 1 Silver Eagle Coin, 1 Medallion, 1 World Coin, 1 Silver Round Coin, and an annual Business Builder credit as inclusions.
Now unlike all the other 7K Metals reviews on the market I'm likely to answer some tough questions that could be on your mind…
Is 7K Metals A Scam
The 7K Metals scam actually doesn't exist but that doesn't mean this company is without flaw.
What I actually do like about the business is it's offering you a product that could appreciate overtime.
Also some of the products are extremely competitive but I did so notice they are sold out far more often on the 7K Metals website.
Maybe they should stock more on that?
At the time of this review the price of Silver was around $17 so that is below market that will be good…
It's just it's sold out…
Is 7K Metals A Pyramid Scheme
In regards to 7K Metals compensation plan structure, I would recommend them offering more retail incentives to keep them out of pyramid scheme territory.
This doesn't mean it is a pyramid scheme, but to keep them safe specially with the FTC I suggest that.
I am aware they do have a 7K Metals coin of the month, but they should do better…
Conclusion
7K Metals is doing most things right as it pertains to network marketing, however, there needs to be some improvements.
I believe with the improvements I suggested this company can actually hit the next level in this space.
Plus your competition in this niche is extremely stiff and you should do something dissimilar to stand out.
Just in the network marketing space there are numerous other individuals offering similar products and compensation plan.
So what makes 7K metals better than those?
Little really…
I guess no matter which brand resonates you with the best…
I hope you enjoyed my 7K Metals review and when you yourself have any questions, feel absolve to ask in the comments below…
Now before you go…
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