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When it comes to precious metals, few dealers are as well-known as 7k Metals. This company has been in business for years and has a reputation for providing quality products and services. We will take a look at the pros and cons of doing business with this company.
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About 7k Metal
7k metals is a multi-level marketing company with the mission of providing members with affordable prices for the precious metal. This includes turning their homes into workshops, where they can buy materials at lower rates than anywhere else while also making an income off its products, all thanks in part because it's not just one seller doing everything themselves.
In addition, there are referral bonuses which lead some people earning up Huge profits very quickly if they're able enough. The 7k metals company was founded in 2016 by Roger Ball, Richard Hansen, and Zach Davis.
How 7K Metals Work
The way that this company works is that they have a team of experienced jewelers and metalworkers who create beautiful pieces of jewelry from scratch. These pieces are then sent to the customer's home where they can be enjoyed for years to come.
If you're a buyer and want to purchase coins, go to their site by adding items from your cart. When checking out though there's one more step, enter the name of someone who referred you.
7K Metals Product Line
The company offers a wide variety of products including:
Silver and Gold Coins
These are some of the most popular items that they sell. They have a wide variety of coins to choose from, including:
They also offer a wide variety of jewelry, including:
Precious Metals IRA
One of the unique services that they offer is a Precious Metals IRA. This allows you to invest in precious metals without having to pay taxes on the gains.
Storage and Delivery
All of the products that they sell are stored in a secure facility. When you order from them, your products will be shipped to you via FedEx. They also offer a service where they will store your precious metals for you. This is a great option if you don't have the space to store them yourself.]
7K Metals Member Requirements
To become a member of this company, you must be:
The company offers two membership packages:
The Basic Package costs $99 and includes:
The Premium Package costs $299 and includes:
Resources for Investors
The company also offers a variety of resources for investors, including A Beginner's Guide to Precious Metals Investing. This guide will teach you the basics of investing in precious metals, what precious metals are and the reasons to invest in precious metals.
This guide will also teach you the benefits of investing in precious metals. It will cover topics such as Precious metals as an investment vehicle.
7K Metal Legitimacy
The company is not a scam. They are a legitimate precious metals dealer that offers a variety of products and services. They have been in business since 2016 and have a team of experienced jewelers and metalworkers. They also offer a Precious Metals IRA, which allows you to invest in precious metals without having to pay taxes on the gains.
The company is not accredited by the Better Business Bureau (BBB) but has an A+ rating with them. The company has two complaints with the BBB, both of which were resolved. Overall, the company is a great option for those looking to invest in precious metals.
They offer a wide variety of products and services and have a team of experienced professionals. However, they are not accredited by the BBB. If you are looking for a company that is accredited by the BBB, you may want to consider another option.
Another good indicator that it's not a scam is that the owners are accessible and known. When you're looking into buying or selling an investment, it can be hard to know who you're dealing with.
That is why we always recommend that potential buyers get in touch through our website and set up timeframes before going any further, this way there are no surprises when things come down from last-minute negotiations due course of business being what they usually happen between parties without much contact beforehand. A shady character often runs scams; however, not all sales are bad and bestingpotsle.
The only time it might be considered not legit is if there's an attempt to sell you something that doesn't exist, like fake precious metals. But from what I can tell, they seem to be a pretty straightforward business.
Whether or Not 7k Metals is a Pyramid Scheme
The company is not a pyramid scheme. As mentioned earlier in this review I'm not a fan of multi-level marketing schemes, but I am very much in support if you want to start your own business. I believe that entrepreneurs have the power and creativity needed for this world's innovation economy so it'll be interesting to see what inspires people next.
I don't know about you, but I've had my fair share of MLM experiences. For some reason, they just seem to be calling out a way into entrepreneurship and learning how sales work. These types learn more than your average joe though, not only do we get personal development skills like marketing or managing expenses with inventory too.
The difference between this experience versus others is that instead of being told you're bad at something because there's no proof otherwise; participants are given accurate information so as long as possible pain points can be remedied before moving forward.
There are so many questions I have about 7K metals, but the one thing that keeps coming back is what makes it a business rather than just recruiting more people. Is their focus only on getting new members to sign up and bring in more money from those already paying dues or do they also allow real customers with goods for sale? If this latter case holds and there's no wrongdoing involved whatsoever, then would we consider them part of an illegal pyramid scheme since most successful Ponzi schemes require paid-in capital before any profits come out.
As a 7K Metals member, you are part of the business opportunity and not just another customer. Your membership is tied directly to that particular company's pyramid structure so whether joining as someone who purchases from them or qualifies for their discount rate on materials; both ways your status will be protected by being “below” one other person in this chain.
You're a customer, but you also promote our business. That's how it works.
You participate in the monthly AutoSave program, to determine whether or not that means being an "active member" of this community, which has some great perks for members like access to exclusive offers from local businesses along with other fun rewards. But if your idea is just plain old buying stuff online without any promotion involved then maybe checking out what else there might be at another company first would give a better result.
That's right if you're not part of the business opportunity and don't want to be then that makes sense. But what about those who can afford it but just chooses not to because there are other things in life than making money off your hard work.
A certain percentage of members who are participating in the auto saver program either because they do or they can't afford it are considered " retail" customers.
7K Metals has been around for as long, and it's not unheard of that one company can outlast other businesses in their industry. The memberships are also considered a separate product from what you get at 7k metals which means there aren't many complaints about this organization, plus they're legally compliant. Therefore they don't appear to be a pyramid scheme.
The Compensation Structure of 7K Metals
The compensation structure is set up to where you earn a commission on the products and services that you sell, but there are also other ways to make money. You can sponsor people who become members and get a percentage of their monthly membership dues, as well as a percentage of what they spend on product orders.
You can also earn overrides from the people who are placed beneath you in the pyramid, which can range from two percent to five percent depending on your rank within the company. There are also bonuses that you can receive for meeting certain goals, such as selling a certain amount of products or sponsoring a certain number of new members.
The bottom line is that there are multiple streams of income available to those who become involved with this business opportunity, which is one of the reasons why it has been so successful.
A Bronze ranked 7K member can earn $2000 a week. A Silver ranked member can earn up to $4000 a week. And a Gold-ranked member, the highest level in the company, can make over $6000 in a single week. The amount of money that you can earn is directly related to how much effort you put into the business, as well as how many people you can sponsor and sell products to.
The 7K Metals AutoSave Program
The AutoSave program is an important part of the compensation structure, and it's one of the things that sets this company apart from other businesses in the industry. The program allows you to set aside a certain amount of money each month so that you can purchase the product at a discounted price.
You can choose to have the money automatically deducted from your bank account or credit card, or you can manually send in a check or money order each month. The minimum amount that you can AutoSave is $50, and the maximum is $500.If you decide to cancel your membership, you will forfeit any money that you have saved up in your AutoSave account.
However, if you remain a member in good standing, then you will be able to keep the money in your account and use it towards future purchases. The AutoSave program is a great way to get discounts on product orders, and it's one of the main reasons why people become involved with this business opportunity. It's also one of the things that makes this company unique, and it's something that you should take advantage of if you're considering becoming a member.
Investment Minimums and Fees
The investment minimums are relatively low, and the fees are reasonable. You can become a member for as little as $50, and there is a one-time fee of $19.95 to join. There is also a monthly membership fee of $39.95, which gives you access to the AutoSave program as well as other benefits. Overall, the investment requirements are not unreasonable, and they are worth it considering all of the potential earnings that are available.
Pros & Cons of 7k Metals
All in all, I would say that the pros outweigh the cons when it comes to this business opportunity. If you're willing to put in the work, then there's a good chance that you will be successful. Just remember that like any business, there is always some risk involved, so be sure to do your research before getting started.
If you're looking for a way to make some extra money, then I would recommend considering the business opportunity with 7K Metals. While there are some risks involved, the potential rewards are great if you're willing to put in the work. Just remember to do your research before getting started, and you should be fine. Thanks for reading. I hope this article was helpful. If you have any questions or comments, please feel free to leave them below. I will try to respond as soon as possible.
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