There is a company in the US called 7k Metals that promises to teach you about investing, and then help you grow your money into $7,000 worth of metal. The problem? It doesn’t exist! This is one of those scams where they trick people by having experts look like they know what they’re talking about so people think it’s legitimate.
7k Metals is a company that claims to make $7,000 per week. They also claim that they are the only company in the world with this type of success. This article will discuss whether or not 7k Metals is a scam or if it really does work.
Hello and welcome to the site.
You’re seeking for methods to invest in precious metals, and you’re wondering whether 7K Metals is a legitimate business.
I’m delighted you’re doing your homework since it’s all too easy to be duped these days.
Is 7K Metal a rip-off?
I can tell right away that this isn’t a hoax. Is it, nonetheless, feasible to profit from 7K Metals?
The answer is not simple, and we will explain how it works, how much one must invest, and what the earning potential is in the following review.
Because you are probably aware that this is a Multi-Level Marketing organization, someone would wonder whether this is a pyramid scam.
So, without further ado, let’s get started with the review.
Disclaimer Please note that I am not a 7k Metals member or affiliate. This review is based on public-domain research and material. Any findings or suggestions are only personal ideas that may or may not apply to all people or circumstances.
A Brief Overview
7k Metals is the name of the company. www.7kmetals.com is the company’s website. Joining Fees: $199 for a year or $499 plus monthly fees (ranging from $105 to $179). Recommended: Not at all.
7k Metals Synopsis
7K Metals is a network marketing organization that offers precious metals such as gold, silver, coins, and jewelry. Its members may buy things at a discount and resell them outside the organization. 7K Metals is exclusively active in seven countries, and anybody from one of them may become an associate as soon as he or she has a sponsor.
It seems like earning $7,000 a week is possible, but in reality, this is not the case. (More on this in the Compensation Plan section.)
7K Metal is one of the finest MLM firms when compared to others. and their members may make money without having to recruit too much.
However, the “real money” is still in recruitment. If you don’t want to disturb your family and friends, you’ll need to learn how to attract individuals on the internet.
That includes social media, organic traffic on websites, YouTube, and any other internet outlet.
However, with such abilities, one does not need to be a member of any Multi-level marketing and may instead work as an independent affiliate marketer with much better earning potential.
Check out the Alternative below for more information:
Sign up for a free account and I’ll walk you through the platform. There’s no need for a credit card; all you need is your email address.
What exactly is 7k Metals?
7K Metals is a multilevel marketing firm that specializes in precious metals investments. It is a 2016-registered corporation situated in the United States of America. 7K Metals members are able to acquire the metal at a discounted rate.
They will be able to sell the metal and recruit new members.
It seems to be quite promising, especially because the value of precious metals such as gold and silver continues to rise.
But how does it operate in practice, and how much money can you make? If you’re acquainted with multilevel marketing, you’re aware that 99 percent of individuals lose money.
Is this also the case with 7K Metals?
In comparison to other MLMs, you don’t need as many associates to succeed. However, recruiting others is not a simple task. In a moment, we’ll go at the Compensation Plan, so you’ll have enough information to decide whether or not this is right for you.
What Do We Know About 7K Metals Apart From That?
It’s not uncommon for information regarding a company’s founding date to be inaccurate. That is why I constantly double-check the registration date of a website.
We know that 7K Metals began in 2016 because of the screenshot above. So far, everything has gone well.
The firm is situated in Idaho, USA, and this is evidence that they have a physical location (headquarters).
7K Metal has grown and now operates in seven countries, including North America, Europe, and Asia.
7k Metals was founded by myself.
Roger Ball, Zach Davis, Richard Hanses, and Josh Anderson are the co-founders of this multilevel marketing organization.
While still a student, Zach Davis began working for a network marketing organization. Since then, he has inspired hundreds of others to join multilevel marketing companies.
He has been a Co-Founder of 7K Metals since November 2016.
John Anderson has also worked with MLMs for a long time. He was really engaged with his first MLM firm when he was just 21 years old.
Is Seven Thousand Metals a Pyramid Scheme?
Let me start by saying that 7K Metals is not a pyramid scam (at least not as far as I can determine).
But, just to be sure, here’s what the Federal Trade Commission defines as a Pyramid Scheme:
Let’s take a look at some of the most common indications of a pyramid scam.
- Promises of becoming wealthy soon
- Recruit, Recruit, Recruit, Recruit, Recruit, Recruit,
- There are no physical goods.
I have not found such a remark on their website on the first point (about making quick money). So far, everything has gone well.
How about the second one, which focuses on the importance of recruiting? In order to earn money at 7K Metals, we’ll need to recruit, as we’ll see in the compensation plan.
But it’s not the only method, as we’ll see in the third point; 7K Metals has a variety of things to offer, and there’s always demand for gold, silver, coins, and other precious metals.
So, despite the appearance of a pyramid scheme, I feel it is fair to conclude that 7K Metal is a legal multilevel marketing organization.
It’s also been operating since 2016, with no legal difficulties (that I’m aware of), so it’s a fantastic option for someone looking to join the firm.
Who is it intended for?
7K Metal is designed for those who want to invest in gold and silver. People who are concerned about their financial security understand that storing cash in their bank accounts is not a smart idea.
Those who join the 7K club get access to wholesale silver and gold rates. At least, that’s what they say.
Basically, everyone interested in precious metals may take advantage of this chance.
It’s also vital to note that the business isn’t global.
It is only available in select places, and as of this writing, the firm is only operating in the following countries:
- United States
- The United Kingdom
- New Zealand is a country in the Pacific Ocean.
Outside of the countries listed above, 7K Metals is unable to export items.
I did contact them, and the following is the reply I received:
“Only inhabitants of these seven countries with addresses and IDs are eligible to enroll.” To join up for soundmoneyTM wallet, our financial partners demand personal identification from inside these countries.
We highly advise against sending to any address other than your present address. If you opt to ship to a different location, 7k is not responsible for items that are lost or stolen after they are delivered to the specified shipping address. You assume all risks and obligations by using a different address.
Business Builders from outside of the 7 nations where 7k Metals is now open are not permitted. You will not be able to earn a commission if you reside outside of one of these seven nations.
We’re working hard to grow abroad, and we’re hoping to do business with your country soon.
We are excited to collaborate with you.
What Kinds of Services Do They Provide?
It is evident from their website, thus listing all of their items makes little sense.
The main point is that if you become a member, you will be able to acquire the items at a reduced price.
You can then either sell it to non-members or urge them to join in exchange for a discount. Depending on your marketing abilities, you may be able to expand your team in this manner.
I was intrigued about the prices of several things, so here’s the cheapest (and most expensive) one I discovered:
- The NGC/PGS plastic Slab Holder Box for 10 Slabs is the cheapest. The cost is $14.99 USD.
Let’s go with something metallic, shall we?
- A sterling silver 7K Tie Pin is also available for $119.99 USD.
And now for the most costly thing I’ve discovered:
- The price of a 1 kg generic gold bar is $61,6428.40.
How much does it cost to join 7K Metals?
There are two tiers of admittance, each with a different fee.
It is recommended that you join the Premium level before joining the 7K Metal.
The rationale for this is that you will get two coins immediately away and may gain 150 points. In the 7K Metal lingo, 150 points equals around $150.
Your ranking is also determined by the quantity of points you have.
But first, let’s look at the various tiers and what you get:
Annually, $199 USD
You will get a coin as well as the following advantages:
- Membership for a year
- Certification Training for Buyers
- Training for Collectors
- Member-Only Pricing
- Technology Credits for 3 Months
- Uncirculated Gem Coin
- $400+ in total value
Annually, $499 USD
You acquire a lot of coins and the best deals:
- Membership for a year
- Certification Training for Buyers
- Training for Collectors
- Member-Only Pricing
- Technology Credits for a Year
- Coin, MS 70
- 1 oz. of silver
- 4 Wealth Management Books (voucher)
- a total of 24 business cards (voucher)
- $1,100+ in total value
In addition, there is a monthly auto-ship fee that you should consider. It is not uncommon for folks to disregard this cost and then complain.
There are three pricing levels to choose from:
- $139/month for the Variety AutoSaver Coin
- For $105 per month, you can get a basic AutoSaver Coin.
- $179/month for a specialty AutoSaver Coin
Being a member of 7K Metals is not inexpensive.
The lowest option would cost $199 per year plus $105 every month. This works out to $121.58 each month. The most costly option, on the other hand, would be $499 a year plus $179 per month. This works out to $220.58 every month.
But how can you profit from 7K Metals? Let us have a look at the Compensation Plan.
Is There a Compensation Plan?
Many MLM firms have complicated compensation programs, but 7K Metals’ is pretty simple, so let’s take a quick look at the various tiers.
Associate in the first position
Two personal partners are required: one on your left and one on your right.
You can see that becoming an associate requires 500 points on the left and 500 points on the right. That’s the number of points you’ll need to acquire with your teammates.
Do you recall how many points you earn when you upgrade to a premium member? That’s correct, a score of 150.
That’s an average of 8 individuals every week.
Now, if you have a large family with many cousins and uncles, you may reach Associate level in a week… and earn $500.
Do you, on the other hand, want to disturb your family and/or friends?
Personally, I despise this, but I’m sure there are many who prefer this kind of “business.”
Another strategy to swiftly assemble an 8-person team is to amass a large number of social media followers. Hundreds of thousands, to be exact…
My hunch is that someone with this many followers isn’t looking for this kind of business opportunity.
But let’s go further into the compensation scheme to see whether you have a possibility to rise through the ranks of the 7K Metal organization.
Copper (position #2)
To become a Copper in the second week, you’ll need 14 individuals.
The possible earnings are $1,000. As a result, by the conclusion of the second week, you should have earned $1,500.
Assuming at least two of your team members are already Associates. That is to say, each of them must have at least four individuals on the right and four people on the left.
Do you believe you’ll be able to do this in 14 days?
Bronze is the third position.
To achieve the Bronz Level, you’ll need 28 partners, and two of your team members will need to reach the Copper Level.
Let’s take a short look at the remainder of the rankings.
Silver (position 4)
To advance to the fourth level, Silver, you’ll need a total of 48 partners (24 on your right and 24 on your left). Furthermore, at least two of them must achieve the preceding level – Bronze.
You should have made $7,000 up until this point.
- $500 for the first week
- Week two – $1,000
- – $2,000 – $2,000 – $2,000 – $2,000 – $2,000 – $
- Week 4 – $3,500
These are the stats that every potential employer wants you to see.
What they don’t show you is how inconvenient it is to recruit and, more crucially, maintain these folks on your team.
Gold (position #5)
You must have 8 personal teammates on your left side and 8 on your right side at the Gold Level. Each team must recruit 47 members, for a total of 94 players.
This week’s earning potential is thus $7,000.
Executive Gold (position #6)
On your left, you’ll need 10 personal partners, and on your right, you’ll need another ten. There must be 64 persons on each side, for a total of 134.
In addition to the $14,000 earned in prior weeks, there is a $10,000 earning possibility.
Presidential Gold (position #7)
Finally, a person who has attained this level has 14 personal companions on each side, for a total of 28 personal partners.
To earn the guaranteed $12,500, these 28 partners must now recruit an additional 168 persons.
Here’s a quick rundown of an example based on the Premium Membership (which costs $499).
So, after 7 weeks, you may earn $36,500. That is the theory, and it is always attractive on paper.
Let’s not forget that there are certain prerequisites. The trouble is, in order to keep your membership, you must earn at least 15 points every six days. Otherwise, you are not a member in good standing.
Is this a company concept you’d want to be a part of?
Well, I know I wouldn’t have my own personal experience with an MLM firm, and I know it seems to be OK on paper. However, the truth is rather different.
The amount of rejections, cold calls, annoying friends and relatives, and on top of that, upline pressure… naaahh… thank you… I’m going to decline.
Let me know what you think of his business approach in the comments area below.
7k Metals has a lot of things that I enjoy about it.
- A Wide Range of Products
- Compensation Plan That Is Relatively Simple
What I don’t care for
- The company’s MLM division
- The company isn’t licensed to sell gold or silver.
- It is tough to earn a life without adequate marketing skills.
Conclusion – Some Final Thoughts
If you appreciate the MLM business idea, this is likely one of the few places where you can earn any money.
The good news is that gold and silver are commodities that everyone desires. Unlike other MLM firms, you don’t have to persuade others of the product’s quality.
But, regardless of the goods, I’d want to point out that it’s still an MLM enterprise with several negatives. First and foremost, you will be urged to enlist the help of your friends and family.
Is that okay with you?
I’m not sure I would be.
Is there another option?
Yes, you can use the internet to your advantage. Learn how to generate free traffic to your website or YouTube channel by starting a blog or creating a YouTube channel. People will be less bothered if you do this.
So to say, they come to you organically. However, be open and honest.
Mike, thank you for taking the time to read this.
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7k metals is a company that offers to teach people how to invest in the stock market. The company claims that you can make $7,000 per week with their training. However, there are some who believe that 7k metals is a scam. Reference: 7k metals lawsuit.
Frequently Asked Questions
Can you make money with 7k Metals?
A: Yes, but every game has its own economy. It is impossible to make money in 7k Metals without spending a lot of time doing quests or grinding for items.
Is 7k Metals legitimate?
A: 7k Metals is a legitimate company.
Is 7k a pyramid scheme?
A: No, 7k is not a pyramid scheme.
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