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Report: #325178

Complaint Review: Wealth Masters International/ Kip Kerriage - Internet

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  • Reported By: santa clara California
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  • Wealth Masters International/ Kip Kerriage Www.wmitoday.com Internet U.S.A.

Wealth Masters International/ Kip Kerriage Total waste of money - in exchange for NO information. Internet

*Consumer Comment: Your WMI Facts are Incorrect & Obscured; PRO???

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Wealth Masters International, and its marketing arm Carbon Copy PRO are in the business of baiting individuals with not much financial savvy [I am saying this because I am a licensed PRO]. They promise the moon, but instead, they want to 'Up-sell" you to a more expensive "program".

They have three products - M1 which costs $3K, M2 which costs like 8K and M3 which costs a whopping $20K. Little wonder, the minimum commission for any sale is $999.00 Sell the $20K product, there is plenty of $ to go around for commissions.....

The "offers" and "Private placements" that Kip and his band of idiots offer are nothing short of useless and a total waste of time/money.

STAY OFF THESE IDIOTS - though their promise of health, wealth and happiness is very very tempting even for a licensed pro like me. These guys are AWESOME con men. DO NOT GET INVOLVED. They will hook you in if you even put your foot into the door.

Rob
santa clara, California
U.S.A.

This report was posted on Ripoff Report on 04/10/2008 05:21 PM and is a permanent record located here: https://www.ripoffreport.com/reports/wealth-masters-international-kip-kerriage/internet/wealth-masters-international-kip-kerriage-total-waste-of-money-in-exchange-for-no-infor-325178. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Comment

Your WMI Facts are Incorrect & Obscured; PRO???

AUTHOR: Rob - (U.S.A.)

POSTED: Thursday, June 05, 2008

It is hard enough for good people to sift thru so much information on the Web to what is true and what is not true; to then come off as a PRO with mis-guided reporting to individuals honestly trying to make an informed decision.

1st the M1 -retails for $1995 (not 3K); the 2nd product M2 -retails for $8995 (this you got somewhat right; however there is more); the 3rd product M3 -retails for $12,995 (not 20K, a 7K difference; your mention of 20K is mis-leading and reflects a larger picture).

However You can buy combined packages for some of the pricing you state.

Platinum Plan is $8995 and receive both the M1 & M2 Products -savings ($1995)
Platinum Plus is $19959 and receive the M1, M2 & M3 Products -savings ($3995)

"minimum $999.00 for any sale"???????????????????????

1st off all sales are paid to you directly then you pay WMI.

If you purchased the M1 and sell an M1 -$1995 (you keep $1000. and send WMI $995 "which in turn out of their $995 sends a qualifiying sponsor a bonus of $400) -these are all M1 sales. Thats a 50.12531% commission

If you purchased the M2 and sell an M2 $8995 (you keep $3000 or $5000, consultant vs. master consultant respectively, and send WMI $5,995 or $3,995 respectivley; which in turns sends a qualifying sponsor a bonus of $3000 or $1000 respectively) Thats a 33.35186% commission or 55.58643% commission

If you purhased the M3 and sell an M3 $12,995 (you keep $5000 or $7500 consultant vs. master consultant respectively, and send WMI $7995 or $5495 respectively; which in turns sends a qualifying sponsor a bonus of $4000 or $1500 respectively) Thats a 38.47533% commission or 57.7145% commission

note: consultant status in M2 & M3 are 1st-10 sales; Master Consultant are 11 & up sales.

Initial purchases of The packages are designed for two purposes savings and Immediate Master Consultant commissions.

Platinum Package - 33.35186% or 44.76914% respectively
Platinum Plus Pkg - 40.01% or 50.01% respectively

This is Sales -In what direct sales industry offline and especially online give such generous rewards for hard work?

Let's get to the products, a Financial Based Education & Solutions -"World Wide economic debt of individuals and governments is irresponsible & out of control. Negative % of individual savings, health, education & retirement funds (most will not have the funds or know how they are going to pay for it all). These products and alliances help the individual take back their own control, with inside alliance help, knowledge and education to wipe out debt, grow wealth and protect it." There is much much more coverage; which I am running out of steam to get into it right now for the purpose of this rebuttal.

Your comment "Kip and his band of idiots" -Kip was over 15 years A Vice President on Wall Street for one of the largest U.S. investment firms, managing approximately $70 million for his clients in the areas of money mgt., finanacial planning, venture captial and asset allocation. He must of been some kinda of idiot. I could not find your credentials in this report???

Conclusion: There is enough scams, get-rich, dis-honest, non-substance BS online. It seems if you are going to claim your self as a "Certified Pro" than act professional and know your facts; if you can not inform the public honestly than do not bother to get on the keyboard, it is an injustice to the public who is really trying to make an informed decision, while trying to change their lives for the better.
My only request from all of this is to the readers: Please as is in anything, due your due diligence and take these reports with a grain of salt. Research further when there is vague substance and no indepth content, except for words like "con", "idiots" etc..........

The promise is not the "moon". The promise is that this is a viable vehicle to better your life if you apply yourself correctly; and as in all things in life there is no magic formula, it is up to the individual. Nothing in life is a guarantee.

Rob
West Los Angeles, California
USA

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