7k Metals Review
7k Metals is a precious metal company with a simple binary compensation plan. This means you can earn money by selling to members on both sides of your team.
The company also sells a variety of jewelry and other branded merchandise. But more than these sales are needed to support weekly payments for affiliates. To learn more about 7K Metals, visit https://www.scamrisk.com/7k-metals/.
If you’re interested in precious metals and are comfortable with network marketing, 7k Metals may be a good option. The company offers various precious metal products, including coins and bars, and it’s easy to earn commissions by recruiting new members. The company also has physical locations in six countries and known owners, which adds to its credibility. However, some people complain about the distribution model, which is limited to enrolled members only.
Besides the gold and silver products, 7K Metals also sells a wide selection of jewelry. The price of a piece of jewelry will vary depending on the type and design, but you can buy them at a discounted member price. Additionally, 7K Metals offers a secure storage facility for their customers’ collections. However, it is important to remember that a membership in 7K Metals is not a guarantee of success. There are many factors to consider, including your level of experience and your personal goals.
The cost of joining 7K Metals is a significant investment for most people, and the compensation plan is based on team sales. If you want to make money, you’ll need to build a large downline and recruit as many members as possible. This can be difficult if you’re not familiar with the market or don’t have a lot of time.
In addition to a membership fee, 7K Metals also charges you for the coins you buy. However, it’s still a better deal than buying your precious metals from an online retailer. The company also offers a monthly delivery program, which gives you a discount on your precious metals.
While 7k Metals is a legitimate MLM, it is important to be cautious of false claims and promises made by individual members. The company has strict guidelines against making misleading statements and prohibits its members from making income projections. It is important to research the company and its founders before you join. Additionally, you should always consult your local laws and regulations before making any financial commitments.
It is a Ponzi scheme
While it’s true that 7K Metals has some actual products, like precious metals, the company is primarily focused on recruiting new members to generate money. This is a common practice in multilevel marketing (MLM) companies, and it’s usually why they’re called pyramid schemes. According to some estimates, 70-100% of people who join MLM programs lose money.
Unlike other MLM companies, 7k Metals doesn’t sell its products to consumers directly. Instead, you can only buy them through its network of affiliates. If you’re an affiliate, you earn points based on the number of sales you make. These points can be used to purchase coins, and you also earn money from the sales of your downline. The amount of money you receive depends on the number of affiliates you recruit.
In addition to selling physical gold and silver coins, 7k Metals also offers an online program that lets you invest in its digital currency. The platform allows you to create your own portfolio and buy and sell precious metals. Its website also offers educational materials to help you understand the concept of cryptocurrencies. However, it’s important to note that investing in digital currencies is a risky investment.
Despite being a legitimate company, it’s not easy to make any money with 7k Metals. Most of its members have little experience in networking and will struggle to recruit and sell their product to cold markets. Additionally, they will have to deal with the awkwardness of selling precious metals to their friends and family. This will limit their potential for earning commissions and could ruin the holidays.
The company’s compensation plan is based on recruitment, not direct sales to consumers. The product itself is a solid investment, but the business model is questionable. It’s possible that the company is a pyramid scheme, but the FTC is not likely to prosecute them.
One of the biggest issues with the company is its scalability. The cost of precious metals is high, and most of the people in your warm market won’t have enough disposable income to spend on it. In addition, you’ll have to spend a lot of time and energy trying to recruit people into the business.
It is a pyramid scheme
7k Metals is a multi-level marketing company that sells membership packages to people who are interested in buying precious metals like gold and silver. They also offer other products like jewelry and coins at reduced prices. The company was founded in 2016 and is based in Idaho Falls, Idaho.
Although 7k Metals has a variety of decent products, many detractors call it a pyramid scheme because their primary focus is on recruiting new members. It is also difficult for non-affiliated customers to buy their precious metals because they must purchase the membership and then be referred by an existing member. This is a common characteristic of pyramid schemes, which is why I’m waving my red flags here.
The compensation plan at 7k Metals is called a binary, which means that you only make money when you recruit new members. It works by paying out a percentage of the sales made by your team. If you have a group of three people, for example, they can earn a total of $1,000 per week. However, this amount does not include shipping and handling fees or insurance.
If you join 7k Metals, you will have to pay a membership fee of either $249 or $449. Afterward, you will receive an account with your personal website and access to customer service representatives. You will have to purchase products from the company in order to make money.
This can be a great way to earn some extra cash, but it’s important to know the risks involved in investing your life savings. If you’re not careful, you could lose a large portion of your savings. In addition, you should be cautious about claims and promises made by individual members.
If you are looking for a profitable investment, 7k Metals might be the perfect opportunity for you. Unlike traditional investments, 7k metals purchases these precious metals from the world’s leading distribution outlets for the least amount of money possible. These metals are also highly in demand, which increases the chance of a return on your investment. In the long run, this can lead to a significant profit.
It is a scam
The company was founded by Roger Ball, Richard Hansen, Zach Davis, and Josh Anderson in 2016. 7k Metals uses a multi-level marketing business model to sell membership packages to people who want to purchase precious metals such as gold and silver coins, bars, and bullion. The company also offers jewelry and 7K swag such as hats and hoodies. Some members of the program say they can make a full-time income with this business, but that may not be possible for everyone. It is also difficult to achieve financial security with this type of business, as you have to talk your friends and family into buying your products or joining your team. This makes for awkward holidays and family gatherings, and it can cause some friction. Another problem is that the company does not allow retail sales, which would allow you to earn commissions from non-affiliated customers.
The 7k Metals compensation plan is called a binary plan, and it pays out according to the amount of sales you generate. You will earn more points if the new members you recruit sign up for the $250 annual fee or pay it themselves. In addition, you will earn more money if they buy coins with automatic delivery.
To start earning, you must join 7K Metals as an associate and meet specific requirements. You must provide your Social Security number or Federal Tax ID to get started, and you must be a resident of the US to qualify. You must also be over the age of 18. Then, you can purchase gold and silver from the company at a discounted rate.
You can also earn by referring other people to 7k Metals. You can earn up to 5% of the total sales generated by your downline. But, you must first earn at least 25 points each month to get paid.
Unlike most other MLM programs, 7k Metals does not require you to sell their products at retail price. Instead, you can choose to purchase the product directly from the company or through an affiliated partner. This way, you can save more money and still earn a decent income.
