7K Metals Review – Is This A Good Opportunity Or Big Scam?
7K Metals has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling 7K Metals.
I have simply gathered for you all the facts in this 7K Metals Review in order for you to make a proper decision about it.
So, is it true? Is 7K Metals a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is 7K Metals?
7K Metals is the name of the most recent MLM opportunity to hit the scene, and today I’m going to be taking an in-depth look at everything that the company has to offer.
The company appears to have first launched sometime earlier this year in 2016, and it is physically run out of somewhere in Idaho in the United States.
The 7K Metals website indicates that Zach Davis, Richard Hansen, and Josh Anderson are all co-founders for the company, and another man by the name of Sam Cook is currently serving as the CEO for the business.
Both Richard Hansen and Sam Cook’s official corporate bios on the 7K Metals website shows that they each have extensive experience in management and the collecting process of various precious metals, and the MLM brains for the company looks to be coming from Zach Davis and Josh Anderson.
As per the 7K Metals website –
“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 thousands of people realize their ability to make 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 large team that focused on other people’s success. That team reached over 180,000 people in its first year.
In 2008 Josh, influenced a new MLM company that in 120 days grow to 9,000 people, at which time Josh become the CEO of the company and lead the company to over 26,000 individuals.”
Take note of all the grammatical issues littered throughout the bio. This is something that any legit and honest opportunity would ensure weren’t present, and these sort of issues are quite commonly found with underbelly schemes in the MLM realm.
In addition to all of this, Anderson also claims that he was the CEO for the company JD Premium between 2009 and 2011. Zach Davis also served as the Chief Marketing Officer for the company between this same timeframe as well, but the owner Roger Ball shut down JD Premium in the year 2015.
What Are The Products For 7K Metals?
In regards to the product line that 7K Metals has to offer, the setup is fairly interesting.
7K Metals advertises an online storefront for coins that they sell, but the main thing to note here is that only affiliates for the company can actually purchase anything from it. This means that 7K Metals doesn’t really have any products or services that they’re selling to retail customers, meaning that current affiliates have just the affiliate membership to sell to possible customers.
Moving back to that online storefront, the products range quite drastically in price depending on what you’re looking at. One ounce of the company’s Silver Various Generic Round sells for $16.63, and the most expensive item is a Silver Maple Box for a whopping $8915.
What Is The Compensation Plan For 7K Metals?
The compensation plan side of things for 7K Metals is a system that sees affiliates getting paid to recruit more and more people to become affiliates and invest their own money into the 7K Metals opportunity.
Recruitment and residual commissions are both available here, and both forms of commissions are handled using a binary system.
Similar to all other binary setups, points are generated as certain activities take place within the 7K Metals system.
When a new affiliate joins the company and pays an upfront fee of $250, a total of 100 points is generated within the binary. Additionally, any existing affiliates that pay for their monthly autoship order results in 25 points being generated each month per one coin that an affiliate gets through their order.
In order for an affiliate to actually get their hands on the commissions being offered, there are a couple of requirements that first need to be met. In addition to having to having to generate 25 points each month, they must also recruit at least two other people to join the opportunity that are also generating 25 points every 30 days.
What’s Does It Cost To Join 7K Metals?
If you’d like to become an affiliate for 7K Metals, the company has made a couple of different options available for how you’d like to join.
The first available choice is to pay a fee of $250/year, and the other one includes paying a one-time fee of $75 and then $10/month from then on out.
While both options are made available to affiliates, 7K Metals does note that the first option of paying $250/year allow affiliates to have “unlimited access to bullion.”
Is 7K Metals A Scam?
Have you heard from a friend that 7K Metals is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about 7K Metals – is it a scam or legit?
Good news – 7K Metals is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
7K Metals Review Conclusion
In the case of 7K Metals, it doesn’t take too much time to realize that the main issue facing the company is its noticeable lack of retail activity. The online storefront is being used as a way to hide the nasty nature of what’s taking place here, but the fact that only affiliates can purchase anything from it removes any chance for retail sales taking place.
Looking at the residual sales being offered, 7K Metals says that this is part of their “Coin of the month program.”
This program sees that affiliates pay at least $98/month for a monthly autoship order, and it would just so happen that $98 generates the 25 points that is needed in order to qualify for the commissions that are being advertised.
Bundle everything here together, and you’re looking at a pyramid scheme that’s using an affiliate-only product line to draw people into it.
As these things tend to go though, 7K Metals will collapse the second that recruitment levels die down. This will result in existing affiliates not getting the compensation that they’re expecting, and only the company’s founders and executive team will end up earning anything of real value in the long haul.
So, unless you’re one of them, try to avoid this one.
I sure hope that you have found my 7K Metals review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my 7K Metals review to have all the information for you.
If you decide to carry forward with 7K Metals, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.