If you’re looking for a good 7K Metals review that will answer your questions before you join, then this is it!
There are many ways that people can make money from home, but many people turn to online programs that already have products to sell, like Amazon.
The problem with Amazon is that the commissions are very low, and this is where programs like 7K Metals come in.
Today, we are going to take a look at what 7K Metals is, what they offer, how you can make money with the program, and if it is legit.
With that said, let’s dig in and get started.
7K Metals Review – Overview
|1. Company: 7K Metals|
|2. Type: Gold & Silver, MLM|
|3. CEO: Sam Cooks|
|4. Cost: Minimum of $249|
|5. Payment/Withdrawal Methods: Bank Card/Direct Deposit|
|6. Money-Back Guarantee: 3-day money back on memberships / Return, exchange on Numismatic coins minus a 10% restocking fee|
|7. Support: [email protected] / (208) 314-2587|
|8. Website: https://www.7kmetals.com/home|
|9. Low/Medium/High-Risk?: Medium|
Quick Summary: 7K Metals is an MLM company that offers special metals like Gold and Silver for their product.
MLM is a multi-level company where members earn commissions from multiple levels of downline members through product sales.
This company attracts people that are interested in:
- Gold and Silver
- Home Based Business
While I can agree that some of the aspects that I listed above will be attractive to many people, we still have to do our research before diving into anything that we are going to invest in, whether it is our time or money.
Here is a breakdown of the pros and cons…
7K Metals PROS
Here are some of the pros:
- The product is an actual product that customers get in their hand
- The products are real Gold and Silver coins and bars
- The company is transparent with their ownership
- The company is structured to last long-term
7K Metals CONS
Here are some of the cons:
- A higher cost to start compared to other MLM companies
Scam Or Legit/Safe? – Verdict
If you are looking for a legitimate business, then I can say that 7K Metals is a legit company.
Due to the nature of the business model which is MLM based, and the real product they use, I can say they are a legit business.
The only thing is that members that want to earn commissions will need to enroll customers and referral members to earn commissions.
But like you, I can’t see into the future, so I can’t say that 7K Metals will become a scam in the future.
I’ve included much more detailed information about 7K Metals below in the following sections of my review.
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What Is 7K Metals?
7K Metals is an MLM company that offers Gold and Silver coins and bars to their customers and referral members.
The company would be considered to be in the precious metal MLM niche.
7k Metals is based in the United States in the state of Idaho.
The company founders are Zach Davis, Josh Anderson, Richard Hansen, Roger Ball, and Sam Cooks.
Sam is the CEO of the company.
Zach and Josh are the 2 people that bring in a ton of experience in network marketing and both started out in MLM in their 20s.
They have both built thousands of downline team members, and Josh was able to become a CEO of an MLM company that held 26,000 members.
The other members can be found online and also have a good resume of experience in the MLM space.
The company believes that it can help people find financial freedom by helping them to build their precious metal portfolio instead of relying on fiat money, which does not hold the same value.
Precious metals will always hold value, while fiat money is paper money that can be manipulated by the market.
Overall, the company leadership team is transparent, they are real people, and they all have years of successful experience.
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What Products/Services Does 7K Metals Offer?
In this section of my 7K Metals review, I am going to share the details that I found about the products/services they offer.
The products that 7K Metals offers are their precious metals.
They offer Gold, Silver, and even bronze.
Here are just some of the products that members and customers can purchase:
- American Gold Buffalo, 1 oz. Coin – The cost is $1,845 for 1 coin.
- Pamp 5 oz. Gold Bar – The cost for this Gold Bar is $8,800.
- Royal Canadian Mint 100 oz. Silver Bar – The cost for one of these Silver Bars is $2,000.
With the services/products covered, let’s continue.
How Do Members Make Money With 7K Metals?
In this section of my 7K Metals review, I am going to share the details about the ways that members can make money with them.
There is 1 way that members can make money with 7K Metals:
- Through their Share Plan
The compensation plan that 7K Metals offers is called their “Share Plan”.
The MLM commissions are tracked and paid using a binary compensation plan structure.
The binary compensation plan structure is common in MLM and has several levels of commissions that referral members can earn from.
The way to fill those levels is when the referral members start to recruit other members into 7K Metals.
When those recruited members start to also recruit other members, your levels of commissions start to build to deeper levels that the first member can earn from.
Due to the fact that it is the binary structure the members are working with, they only have a right and left side to work with.
Also, to qualify to start earning residual commissions and any bonuses that the binary offers, the referral member must personally recruit at least one person on the left and right leg of their binary.
Additionally, to maintain your commission-qualified status, the referral member must purchase at least 20 points of products that 7K Metals sells every 32 days.
Now, IF your team members start to recruit others, then that is how your downline levels grow.
If you are the only one recruiting, then all of your personals will always land on the outside of their 2 legs.
Additionally, 7K Metals uses a point system for its commission system.
Now, each member will have an option for membership when they start.
They can choose the basic level, which would cost the member $249, or $499 for the premium level.
- The $299 level will generate the recruiting member at the top of the 2 legs 100 points for the leg the member is on.
- The $499 level will generate 150 points on the leg that the member is on.
The only way that the recruiting member can earn commissions is when your right and the left leg each generate 500 points.
- Additionally, personally recruited members can also generate 20 points each time they purchase additional coins the company sells.
When the left leg and the right leg generate 500 points each, the main top referral member will earn a $500 commission.
This company pays the binary commissions each week.
Let’s say that the member generates 2000 points on their right leg and only 1000 points on their left leg for the week, the referral member will earn $1000.
The remaining 1000 points that are left over on their right leg will be carried over to the next week.
Let’s say the recruiting member has 20,000 points on the left leg, but only 250 points on the right leg.
What this means is that the referring member will not qualify for a commission for that week.
With that said, 7K Metals also has a ranking system.
7K Metals Referral Member Ranks
The ranking system is to put caps on how much referral members can earn per week.
If a member only qualifies as an associate ranked member (which is the first rank), they can only earn $500 per week even if they have enough points to pay $1000 in commissions.
The Associate Rank member needs to qualify by recruiting and maintaining a member on their left leg and 1 on their right leg at all times.
The more a referral member can recruit on both legs, the safer the referral member will be from losing their rank.
On that topic, if a member wants to move up in rank, they will have to personally recruit new members on both of their legs to move up in rank.
The next rank will require 2 personally referred members on both legs, the following level will require more.
On top of that, personally recruited members will also have to start moving up in rank in order for you to move up to the higher ranks.
For a full breakdown of rank qualifications, 7K Metals will offer a compensation plan chart for all their members.
That is all for the 7K Metals Share Plan, with that covered, let’s continue.
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What’s The Cost To Join?
There are 2 levels of membership that 7K Metals offers, the cost will be either $249 or $499.
The $249 level is called their basic membership and offers members wholesale costs on their gold, silver, and other precious metal bars, coins, etc. they offer.
The $499 level is called their premium membership and offers more benefits.
The benefits include a wider range of wholesale pricing of their Gold coins and bars, and other coins, medallions, and other exclusive coins they offer.
With that covered, let’s finish up!
Conclusion: 7K Metals Review
In the last section of my 7K Metals review, I am going to share my final thoughts and recommendation about them.
At this point in my review, I hope that I was able to answer all of your questions about 7K Metals, if not, please leave your questions below in the comment section.
With that said…
Would I Recommend 7K Metals?
If you are looking for a money-making opportunity where you are required to continually sell and build a downline to earn money, then this could be for you.
If you are someone that only wants to purchase the products, then you could get some good deals on their coins, bars, and other precious metals they sell.
I do think that 7K Metals is a legit program and could last for a long time, but it is not for me.
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With that said, I hope you enjoyed my 7K Metals review.
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