7K Metals is a network marketing company that focuses on precious metals like silver coins and gold bars. It is not a pyramid scheme, but it is a multi-level marketing company that requires you to pay an annual membership fee to join.
The company is based in Idaho Falls. It offers members a variety of membership packages that let them invest in precious metals. They also provide a service called AutoSave, which allows members to store their metals. Read on Scamrisk for more details.
7K Metals is a network marketing company that sells precious metals like silver and gold coins, bars, and bullion. It was founded by Zach Davis, Richard Hansen, Roger Ball, and Josh Anderson in 2016 in Idaho. The company’s goal is to help people achieve financial freedom through the ownership of precious metals. Its members receive a percentage of the sales of the products they sell and earn additional income by recruiting new members. The company uses a restricted point system that rewards associates with $500 weekly paychecks when they reach 500 points. It also allows members to advance to the copper ranks based on the number of points they have.
In addition to coins, 7K Metals also sells jewelry and other collectible items. Its membership plan includes monthly auto-shipping, which helps members purchase gold and silver coins at a discount each month. However, it’s important to remember that the price of precious metals fluctuates and can lose value if the market drops. This is a risky investment and may not be suitable for everyone.
The company’s compensation plan is referred to as a “binary,” which means you make money by signing up other members who pay a $250 annual fee or buying coins with automatic delivery. The points you earn from your team’s purchases are then used to determine how much money you can get each week. You earn a $500 weekly paycheck when you have 500 points on both sides, and you can get up to $1000 if you have 1,000 points each week.
If you’re not a member yet, you can purchase products from 7K Metals through their website for a slightly higher price than the retail price. The site does offer a guest checkout option, but you’ll need to provide the name of the member who suggested you sign up for a membership.
While 7K Metals is not a pyramid scheme, the way their members approach their business can be questionable. Some members have been accused of calling other members one-by-one to recruit them or harassing those who want a refund. Others have complained of poor business practices, such as labeling their products as “sold out” even when the prices on the market change.
Products
7K Metals is a multi-level marketing company that sells precious metals and has a network of members who buy and sell the products. It offers a variety of products, including coins, bars, and bullion. It also provides storage and shipping services. The company’s goal is to help people invest in the future by acquiring metals that will increase in value over time.
The company was founded in 2016 by Josh Anderson, Roger Ball, Zach Davis, and Richard Hansen. They all have experience in MLM businesses, and they each have a strong background in precious metals. They all have significant clout in the industry and are well connected to other business associates.
In addition to offering a range of products, 7K Metals offers its members reduced prices on their purchases. Its members also get a discount on the storage and shipping fees for their products. This is a great way to save money on your investments and protect your hard-earned assets.
One of the things that separates 7k Metals from other MLM companies is its focus on precious metals. While most MLM companies are primarily focused on selling overhyped health products and cheap trinkets, 7k Metals is a legitimate precious metals dealer with a good reputation and an excellent product.
There are a few reasons to be wary of this company. First, you can’t purchase their products without being a member. This is a major red flag that they are a pyramid scheme. Additionally, there is very little information about their founders. All that is available are their bios listed on the site and variations of them in other reviews.
In addition to their retail sales, 7K Metals also offers a network marketing program that gives members the opportunity to earn commissions on their recruitment efforts. In this program, the more sales you make, the higher your rank and the greater your commissions will be. In addition to this, the company also has a rewards program for its top performers. If you’re interested in joining this program, be sure to read the terms and conditions carefully.
Compensation plan
The 7K Metals Compensation Plan is a multi-level marketing company that offers precious metals in the form of coins, bars, and bullion. The company sells these products to customers who want to invest in items that are expected to increase in value. The company also offers a coin of the month, which allows subscribers to add more coins to their collection each month. The coin of the month is researched and selected by an expert at 7k Metals, and it is sent to subscribers on their preferred shipping date.
To become a member of 7K Metals, you need to pay an annual fee and recruit people who buy precious metal packages and products through the site. Once you’ve recruited enough people, you’ll earn a commission on their sales. You can also earn a bonus when your recruits purchase additional coins. Besides that, you can make money by referring new affiliates to the 7K Metals site and recruiting them to pay the annual fee.
But despite the fact that 7K Metals has good products, it still suffers from a few problems. One of the biggest issues is that it’s impossible to make money if you don’t have any retail sales. This is because the company does not allow non-affiliated customers to purchase its products.
Another problem with 7K Metals is that it’s a binary compensation plan, which means that if just one of your recruits quits, you stop earning residual income. This can be a big problem for someone who is trying to build a business and make a profit. It’s a good idea to look for other compensation plans that offer more stability.
Customer reviews
Many financial experts suggest having multiple income streams to combat inflation, survive economic uncertainty, and have money for emergencies. Many of these experts also recommend investing in precious metals such as gold and silver. However, most people do not have enough disposable income to purchase these items. In addition, the high cost of these precious metals makes them unsuitable for many investors.
7k Metals is an MLM company that offers a variety of products, including gold and silver coins, bars, and bullion. The company also provides a variety of accessories and apparel, such as watches, rings, and necklaces. 7k Metals has a number of negative customer reviews, including complaints about overpriced items and an auto-renew membership that isn’t needed.
The 7K Metals business model is not a scam, but it isn’t exactly a good fit for most people either. In order to make any significant money, you’ll need to recruit a lot of people. This can be a difficult task, especially if you’re not comfortable approaching strangers about your business. And even if you do manage to convince some people to join your team, it’s unlikely that they will be able to sell much product.
Despite the hype, it’s not easy to make any substantial money with 7K Metals. The company’s compensation plan is complex and restrictive, requiring you to earn 500 points in a week before you receive a payout. This is a very challenging goal, especially for new members who are not used to the complexities of MLM marketing.
In addition to being a complicated MLM business, 7k Metals is not a great place to invest your money. Precious metals are a risky investment, and the company itself warns that they may not return the amount of money you invested. Furthermore, the company does not offer a guarantee or insurance against theft or loss of value.
It’s no secret that the gold and silver markets are a bit volatile, making it hard to predict the future. But the real problem is that most people can’t afford to buy these precious metals on their own, even with the help of a reputable dealer. This is why it’s important to research the market before investing in this type of asset.
