7K Metals Network Marketing Company
Another one of the making money online programs is this. It focuses on selling a group membership that makes you money selling other people's crap.
It is promoted by almost every high-ranking course member, who gets paid only through the hard work of their lower levels. You read that right...
It's a pyramid scheme, but it is legal.
Although it is supposed to teach you how to be a Multi-Level Marketer, most members make no money by promoting other products.
It's not true. You won't make a fortune off a tiny $6 commission.
We have to be truthful in this review.
7K metals comes with some great information that will help you make money online and land big commission checks.
It's outdated!
You'll find answers to some of the most common questions about 7k Metals, cheap MLMs, and more.
And, most importantly, You'll see the exact method I used to build my internet marketing business to more than $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!
Let's get to the 7K metals now!
What are 7K Metals?
7k Metals was established in 2016 by a group from Idaho who is network marketing entrepreneurs. They offer membership packages to those who are interested in precious metals, gold coins, bars, and bullion.
Those are my thoughts...
The company's goal is to significantly improve the lives of people around the world. 7K Metals is dedicated to giving people the tools to build wealth and financial freedom using gold, silver, and other precious metals.
These are the men who got the ball rolling:
These gentlemen will be covered a bit later.
Their goal is to provide the lowest price precious metals for their members by charging them only their actual cost. 7K buys precious metals like silver and gold bars from the best distribution outlets around the globe for the lowest price.
Is 7K metals a scam or legit?
Let me clarify, I do not have the 7k metal membership. All information I have provided is based on what I found online. Technically, 7k Metals, a reputable network marketing company, is able to offer you something in return for your initial payment.
Aside from that, I haven’t seen anyone complaining about being duped with poor products online, so people believe it’s real. The company has a great team, so you can assume they will stay.
However, I do find something concerning the product distribution process. It's not available to all members. I would prefer to see them offer memberships directly to individuals, rather than through MLM models.
You can also earn commissions by signing up members to the company and allowing them to purchase precious metals at a discount. I'm not too interested in MLM business models, and I'm not very familiar with their products. 7k Metals is definitely not something I would recommend.
But, with that...
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. Before you rush to buy the metals, make sure you do your research from a global perspective.
If the price is right, 7k Metals may be worth your time.
All that being said, I hope you found the 7k Metals review informative and insightful. You'll also have learned a lot about the company.
But what good is all of this knowledge if you can't make any money with precious metal?
So, let's dig a little deeper.
MLM Business Opportunity for 7K Metals
What is the 7K Metals Compensation Plan?
7k Metals has what's known as a "binary" plan for compensation. This works by allowing you to make money every time you sign up new members. This compensation plan is basically an upside-down "V" with your top position. Signing up members will place you on either your right or left side.
7k Metals uses a point system to calculate how much you have sold.
- An associate can either sign up new members to pay their $250 annual fee, or they can pay it themselves (100 Points).
- Associate purchases coins with automatic delivery (25 Points)
- Earn money by selling coins to the affiliates that you sign up
- 7k Metals pays only for the minimum amount of sales that you have made
- There are two commission plans that focus on team sales
- If your right and left sides have 500 points, you can earn $500 per week
- If they have 1,000 points, you earn $1000/week
- Anything between 500 and 1,000 is reset the week after.
You have only one week to earn over 1,000 points. Or you can start again.
You are so crazy! What?
It's there in their compensation plan.
To get a 7k Metals payout, you must meet certain milestones.
- Each month, you need at least 25 points
- Register at least 2 members to earn 25 points per month.
- Sign up now to receive a 5% match bonus
Are 7K Metals Pyramid Schemes?
7k Metals cannot be used to sell retail. It would be great if you could sell precious metals to unaffiliated customers. It doesn't work this way. You can't buy anything if you are not a member.
It seems that their primary focus is not on the product.
Signing up new members is a requirement to make 7k Metals money. Here is where the "pyramid scheme flags" go up.
A pyramid scheme is essentially a company that convinces you to join the program to make money and not just to sell its product.
However, 7k Metals has decent products like precious metals so technically they are not a pyramid scheme.
Technically....
If you still have reservations, we recommend taking a look at their standing with the Better Business Bureau.
So what is the 7K Metals Precious Metals product line?
Products sold through 7k metals include:
- Gold coins
- Mint silver
- Bars in platinum, gold, and silver
Here is the pricing breakdown
- Silver coins - $19-226
- Gold coins - $162-1.945
- Silver bars - $18.88/oz
- Gold bars - $155/oz
- Platinum bars - $966/oz
A kilogram of gold can cost as high as $47,627
7k Metals has a large selection of jewelry that you can choose from.
7k Metals also has an agreement with a private safe company, so you can store your collection in a secure place.
7k Metals allows you to shop on their website for certain products at member's prices, but you must be a US resident with a membership plan.
You will need to know wealthy people who have disposable income to buy these products.
This is not a long-term plan for business.
Who are the 7K Metals Owners?
As I have mentioned, 7k Metals' owners are:
Zack Davis
Anderson and Davis have the most experience in MLM companies. Davis was a college student when network marketing was introduced to him. Since then, he has helped many people achieve their goals. Anderson and Davis have been operating a separate MLM business called Black Ink International, since 2011.
Richard Hansen
Hansen is a veteran network marketer for over 34 years. He has extensive experience in precious metals mining and collecting.
Roger Ball
The ball is well-known for being an entrepreneur. He was also the founder of JD Premium. It closed in 2015. He was the previous owner of JD Premium. However, he sold it in 2015. He was also a member in 2012 of the company Paycation.
Josh Anderson
Anderson discovered network marketing at the age of 21. Anderson was 21 years old when he discovered network marketing. He was able to build a team that numbered over 18,000 in one year. In 2008, he was also able to build a team that numbered 9,000 in four months.
Anderson was soon appointed CEO and the company grew to more than 26,000 members.
From 2009 to 2011, he was the CEO of JD Premium, and Davis was the CMO. They were primarily distributors of personal care and nutrition products.
The 7k Metals leadership is generally on par.
Are 7K Metals a Good Investment?
For every 7k Metals product sold, you get a restricted point system payment. This is something I don't like. You don't make much by selling the product. This is as if it were by design.
You'll get 20 points for every sale, but 500 points are required to receive a payout. This type of compensation plan is why I see very few people who are successful in MLM.
MLM is losing money for 70-100% of MLM members. You can find in-depth statistics on the industry.
Unfortunately, 7k Metals has not yet disclosed whether its members earn any money.
My guess is that the organization makes very little money.
Dues for Membership
1. Members
All members must choose between the basic or premium membership. Here is the pricing information:
2. Travel Card
A travel savings card must also be purchased from 7k Metals. Here is the pricing information:
This program allows you to find the best deals on travel every month.
Should you join 7K Metals
7k Metals is a network market company. If you are comfortable with this, you might want to investigate further. This could be a great opportunity for those who know a lot about MLM. People who enjoy the idea of purchasing precious metals such as silver and gold will find this attractive.
However, 7k Metals is not for you if MLM isn't your thing.
You can also add the fact that I would not be interested in precious metals if you don't have an interest.
It is expensive to buy precious metals due to their nature and price.
This being so...
If money is an issue, you may not want to buy these products. And if money is an issue in your circle of influence, warm market prospecting can hinder your ability to make commissions.
Pros & Cons
It is always a good idea, especially when it comes to MLM, to weigh the benefits and drawbacks of every business venture. Here's a list of things you should consider:
Pros
Cons
These cons are worth examining in detail
1. The Cost
The market for precious metals can be unpredictable. You should not invest without your own risk. However, gold is still gold. You can also keep it if the market falls and then sell it when it goes up.
However, gold and other metals are still very expensive so don't overdo it if your budget is limited.
2. To purchase products, you must sign up as a member
Although their website has a page that explains the possibility of "guest checkout", it is a bit misleading as you can't actually buy metals as a guest.
After you have decided what you want to buy, you will need to give the name of the member who suggested the site to you.
To purchase any product line, you will ultimately need to pay a subscription fee.
3. Mandatory: The Auto-Ship Program
To keep your member status, auto-delivery must be signed up regardless of whether you like the product.
This may not be a problem if precious metals are selling like hotcakes but it will mean that you'll be stuck with unneeded inventory.
Sounds crazy, right?
Seeing this, you can see why so many members lose their money.
4. The majority of members fail
Like most MLM companies (up to 98%), the majority of its members fail or quit.
7k Metals is a relatively new company, so I believe that their members will eventually leave.
If you are able to sell ice to Eskimos and like MLM, you might have a chance of succeeding.
However, most people who get in at the beginning make the most.
5. Exclusive Products for Members
Perhaps it's just me, but allowing only members to purchase precious metals from 7k Metals seems counterintuitive. It seems a bit odd that you have to pay upfront to become a member to purchase any other items.
6. Very limited market
It is obvious that precious metals are not in high demand.
Selling gold and silver is difficult. They are not bought for fun, but for long-term profits. How can you make a profit when the market is shrinking?
It is possible to interest people in purchasing gold bars or precious metals. But will they actually purchase them?
It sounds risky to me, especially if I don't know anything about gold trading.
7. Get Affordable Products
It is obvious that precious metals are not in high demand.
Selling gold and silver is difficult. They are not bought for fun, but for long-term profits. How can you make a profit when the market is shrinking?
It is possible to interest people in purchasing gold bars or precious metals. But will they actually purchase them?
It sounds risky to me, especially if I don't know anything about gold trading.
My Last Thoughts
7k Metal might look solid with strong management but in the end, it is still an MLM company... and it's hard to make money in MLM.
It's a great idea to reach out to your family and friends with the idea of selling silver and gold or recruiting them into this business model. Then they will fail and then blame you for making them lose $250 and $500. This can make for awkward family reunions and holidays.
What would you suggest?
Steady Calls: The #1 recommendation for making money online in 2022
Our review team discovered a program that is top-notch in the real estate industry!
It's digital, but not real estate.
7K Steels falls short in scalability.
You have a limited amount of time and you only have so many people to reach.
MLM companies understand this! MLM companies know this and will push you to recruit others for your downline. You won't make it big as a one-man/woman show.
What if you could make more money from your local websites? Without spending hundreds of dollars on expensive products or spending a lot of time recruiting people who will sell under your brand?
This digital property program will allow you to make a recurring monthly income with no sales to friends or constant recruiting!
Does it sound too good to be true?
It does, of course! It isn't, in fact, many business owners wish they had this skill.
You can simply build and rank a local website, and then forward the jobs to a business owner.
This applies to any service-based business such as tree service, plumbing, or towing.
What are the best ways to get paid?
It's simple, once you have sent the jobs to a business owner, he makes some money from them, you just ask for mutual benefit.
Based on the industry, a fair price per lead is between 10-20 %... let's take the tree service industry as an example and use the worst-case scenario.
Let's suppose you rank the site, and that only 10 jobs per month are received. Tree service jobs can range from $500 to $2000.
This means that you should have at least $500 per month in assets!
It's digital real estate, which is why they call it now. This is a rent payment.
It is easy to scale. There are no worries about:
7K metals is the same as You only get what you can afford if your monthly quota is met.
You can actually get huge FLAT RATE DEALS by taking the course that we recommend. This is truly passive income!
This training program will take making money online to another level.
You will be guided by the owner of the program, who will also share his screen and occasionally speak to you.
Learn the importance of keywords and website names, how to send calls notifications via email, backlinking, and other details.
After the training program is complete, you will have access to a Facebook Group that we think is better than the 7K Metals group. This group is more active.
Contrary to 7K Steels where you only get $10 per sale, your chances of getting 10-20X that are much higher.
Businesses will always need more leads and another job. It doesn't matter if the job isn’t coming from their website. They see it as it is...expanding their digital real estate.
7K Steels is not the only option. More people are able to leave their 9-5 jobs.
You can have passive income from digital real estate, but most of your time will be spent with your friends and not selling to them.
You probably have a lot of questions.