7K Metals Review – But I’m Not Promoting It!

7K Metals ReviewLately, this business opportunity has been getting a lot of hype on the internet.

People are hyping 7K Metals all over the place, including a lot of social media.

Has someone already pitched 7K Metals to you?

The first thing I want to tell you is that I am NOT promoting this business in any way.

I have complied all the facts about it in my 7K Metals Review so you can discover the truth for yourself!

Have you hear that 7K Metals is a scam?

That 7K Metals can’t deliver on it’s promises?

I will tell you all about it in my Review of 7K Metals.

Let’s get started.

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Exactly what is 7K Metals?

Today, I’m going to be taking a look at what the opportunity 7K Metals has to bring to the table.

The company was originally launched earlier in 2016, and from what I can tell, it’s run out of Idaho in the United States.

After looking through the company’s official website a bit, I was able to learn that there are three total co-founders. These co-founders’ names include Richard Hansen, Zach Davis, and Josh Anderson. In addition to this, someone by the name of Sam Cook is currently acting as the CEO for 7K Metals.

The corporate bios for Hansen and Cook that are present on the 7K Metals website shows that they both have some professional background in the world of collecting precious metals and management for business.

As for the MLM side of things, 7K Metals looks to be primarily guided by the likes of Zach Davis and Josh Anderson.

As per the 7K Metals website –

“Zach Davis first learned the power of referral marketing as a college student. From his first experience in the industry to his most recent he has helped thousands of people realize their ability to make a more significant contribution to the world.

Josh Anderson got his first taste of network marketing at the age of 21. He was able to build a large team that focused on other people’s success. That team reached over 18,000 people in its first year.

In 2008 Josh, influenced a new MLM company that in 120 days grow to 9,000 people, at which time Josh become the CEO of the company and lead the company to over 26,000 distributors.”

During the year 2011, both Davis and Anderson co-ran an opportunity by the name of Black Ink International. Additionally, Anderson’s LinkedIn profile shows that he cites himself as being the CEO of JD Premium between the years of 2009 and 2011.

Looking at JD Premium, that company sold a wide array of personal care items and nutrition-based goods. However, the owner Roger Ball shut down the entire operation in 2015 for some unknown reason.

As for Davis, he was the Chief Marketing Officer for JD Premium between the dates of 2009 and 2011 as well.

The year of 2012 also saw Davis as an affiliate for the MLM opportunity Paycation. However, Paycation was discovered to be a recruitment-based opportunity that operated in the niche of travel.

With all of that out of the way, let’s see just what kind of opportunity 7K Metals is brining to the table.

7K Metals Scam

Are There Any 7K Metals Products?

Right off the bat, 7K Metals gets off to a pretty rocky first impression. The company doesn’t have any sort of product line established at all, resulting in a situation in which affiliates have only the affiliate membership to try and sell to possible buyers.

7K Metals does offer a sort of coin shop that you can make purchases from, but it’s required that you become an affiliate for the company before you can actually purchase anything from it.

Taking a closer look at that online storefront, the products that are currently available start with 1oz of “Silver Various Generic Round” for just $16.63, and up to a “Silver Maple Box” for as much as $8915.

Can You Tell Me About The Compensation Plan For 7K Metals?

Moving over to the compensation plan side of things, affiliates for 7K Metals are able to earn money by getting other people to join the opportunity.

In other words, 7K Metals places a strong emphasis on affiliate recruitment in order to make a buck.

A binary payment system is used to mitigate both recruitment and residual-based commissions, and these positions get filled through both direct and indirect recruitment methods.

In regards to residual binary commissions, these are generated when points are generated through sales volume that takes place.

How does that sales volume work though?

When someone signs up to be an affiliate for 7K Metals, they must hand over $250 in order to get things started. This payment generates 100 points, an if any existing affiliates within the company decide to pay for additional coins through a monthly autoship order, another 25 points are generated for every single coin that gets ordered.

On top of all this, even more points are generated for the binary system when a personally recruited affiliate within the company decides to purchase a coin through the 7K Metals website. With this, the amount of points that are generated is entirely dependent on how much money the affiliate decides to spend on the coins that they buy.

At the end of each and every week, the total sales volume that was generated during those 7 days is then counted up. Affiliates within the binary are then able to earn $1000 for every 500 points that are match on both sides of the binary, with a weekly cap set at $1000 per week.

However, in order for an affiliate to actually earn on these residual commissions, they need to ensure that they’ve recruited a minimum of two affiliates and are generating at least 25 points in the binary every 30 days that go by.

What Is The Fee To Join 7K Metals?

If you’re for some reason interested in becoming an affiliate with 7K Metals, you have a couple of options made available to you.

First, you can choose to pay a yearly membership fee of $250/year. If that sounds like too hefty of an upfront cost, you can opt to pay a one-time payment of $75 and then $10 each month after that.

Do take note of the fact tough that the 7K Metals official website indicates that the first option allows affiliates to have “unlimited access to bullion.”

Is 7K Metals Truly A Scam?

If you’ve been doing your research on 7K Metals, you may have heard from some people that it’s a scam, and from other’s that it’s totally legit.

After reading my review, you might not be sure for yourself.

So, what’s really going on here?

Is 7K Metals a scam, or can you make a legit business with it?

To be honest, I am not sure 7K Metals is a complete scam.

However, I did find a few things to be aware of before you join, which will help you to be successful if you join.

Also, see below for help with making money online.

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Read Here For My 7K Metals Conclusion!

Taking a look at 7K Metals as a whole, the main issue that’s currently facing the company is the noticeable lack of any sort of retail activity. The online store for coins has potential, but the fact that only affiliates can purchase anything from it results in a complete and total absence of retail sales.

When affiliates make purchases, they’re able to earn recruitment commissions after deciding to sign up for the $250 option.

Along with this, affiliates can also earn through residual commissions through the company’s “Coin of the month program.”

This is pretty much fancy wording for a monthly autoship program, and according to the 7K Metals website, “The standard offering of the Coin of the Month a PCGS or NGC silver coin at the MS70 grade of PR70 grade.”

In regards to this autoship, the minimum amount that affiliates need to pay for it is $98. This payment equals out to one coin each month, and it generates a total of 25 points in the binary system.

And, likely not by coincidence, that 25 points per month is required for affiliates to qualify for the available MLM commissions.

All of this results in 7K Metals operating as an autoship recruitment setup, and thanks to the lack of retail sales, we’re left looking at a product-centric pyramid scheme.

As all of these schemes tend to go, 7K Metals will be around as long as new recruits continue to join the company and hand over their cash. Once recruitment levels die down though, so too will the operation as a whole.

I hope you have gained a lot of value from my 7K Metals Review.

I have found other reviews are scant on details, so I wanted to make sure you had everything you need here.

If you do decide to move forward with 7K Metals, I think the info I have given here will help you.

Moving forward, you need to take care of marketing yourself, which you can learn how to do with my free training. Click below.

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