We’re going to tell you about 7k Metals today. Are you not familiar with this business or curious about its legitimacy?
With this review, we don’t want to leave any stones unturned. Here'e a quick glance before we get into the details.
Our Overall Rating
Multi level marketing company
Many people report not making any money
Founders have been very successful in MLM
Who Is 7K Metals?
What is it about 7k Metals that has brought it so much attention, especially as of late? Does it have any signs of being a scam, and could it be a sole income stream? We’re going to cover this information and more. By the time you finish reading this review, you should know if this is a business you want to associate with.
7k Metals was started back in 2016 in Idaho. They’re known as a multi-level marketing company. They use a multi-level approach for improved customer outreach. To join, you need to pay to be a member so you can use their different precious metal goods.
Their stated purpose is to help people around the world with financial security, as a global financial emergency could prove dangerous to countless individuals. However, it’s a lot easier to come back when you have a strong investment portfolio, one with valuable assets in it.
What separates them from similar companies is that they’re not merely concerned with investing opportunities. They also want clients to become financially independent. When they’ve gained this, the stage is set to enjoy a life enriched by gold and silver.
When you join 7k Metals, you’re promised low rates for precious metals. They say these metals are offered at the purchase price. So, apparently, there’s no markup.
What Do They Offer?
7k Metals mainly offers precious metals. These come in different forms. These are the primary category items.
- 7k Selected - The 7k Selected collection has products that are poised to see a rise in value over time.
- Jewelry - There’s lots of gold and silver jewelry available. You can complete a look with a beautiful ring, watch, or other accessories. The prices are also quite nice, given the value.
- Dealer Direct- With a membership, you can get some excellent deals. This includes excellent rates for buying in bulk.
- 7k Gear - There are lots of cool, non-metal items from 7k Gear. You can get an awesome new backpack, t-shirts, and sweaters.
Along with these items, 7k Metals also has different membership levels. There’s the basic plan as well as a premium one. With either level, you’ll also have to buy a travel savings card. The cost of this can range depending on what kind of membership you have.
You also have a chance to make money through referrals. There’s an affiliate program that lets you earn cash through others signing up. Think about your friends and colleagues who might be looking to further their financial standings.
How Do They Work?
To get the most out of 7k Metals, you need to follow the steps below:
1. Pick your starter pack - There are three different starter packs available. You just need to pick one that suits you and begin working with it. The biggest thing to keep in mind is how it works with your financial situation and what it can provide for you overall.
2. Pick your AutoSaver coin - Once you have your starter pack, you need to pick which precious metal you’ll have delivered each month. With the AutoSaver coin, you can have money go into assets automatically, making things a lot easier on you.
3. Enjoy the other benefits - There are advantages to each type of membership. You can get reduced prices on bullion, encounters with hard-to-find coins, and lovely jewelry.
Pricing and Fees
There are certain fees you’ll have to pay to be a part of 7k Metals, such as:
1. Membership fees
All members have to pay for either a basic or premium membership. The charges for each one are listed below.
- Basic - $249
- Premium - $449
2. Travel savings card
When you join, you have to also buy a travel savings card. The cost of this is based on your membership plan.
- Basic - $250
- Premium - $500
Your travel savings card helps you reduce travel costs. It also helps you get your AutoSaver Coin plan going.
Is 7k Metals A Scam?
Although 7k Metals is a legitimate business, its multi-level-marketing concept could give some people pause. There are many who call this company "7k Metals pyramid scheme". You need to understand how multi-level marketing works before committing to something like this. Otherwise, you could end up seriously in debt with no easy way out.
A positive aspect about 7k Metals is that they don’t try to deny what they are. Ultimately, it’s up to you if you want to give them your business.
They also have some good reception for their products, and their executive directors have many strong credentials. These are four professionals who have reached serious success in the multi-level-marketing world.
However, if you’re looking to invest in precious metals or promote them, there are ways to do so without getting ensnared in something that could be called a pyramid scheme.
Are There Better Alternatives Out There?
Alternatives For Purchasing Precious Metals
If you are looking to purchase gold or silver yourself or helping someone you know, we have listed the top three companies on the market. These companies all have hundreds of 5 star reviews and Goldco, the number one company, has over 1,000 five star reviews by themselves!
You can click "Visit Site" below to request a gold investment guide right away, or if you want to read a more in depth review on these top companies, check out this review on our best gold companies.
Alternatives For Promoting Precious Metals
For precious metal buyers and those who want to make money promoting metals, there is a solution. But before we get to that, first I'd like to explain a couple of important things.
Multi level marketing tends to mostly work for people who founded the company, and for the people who got in early. (There are of course exceptions to every rule) Plus you have to pay into the program in order to start building your downline.
Plus the commissions may not even pay for the costs for the program for years. (unless you build a massive downline quickly, which is extremely difficult to do)
A way that myself and thousands of other individuals promote gold and silver is through private affiliate programs from precious metal dealers. These programs aren't advertised, so you have to either know someone involved with them or do some real digging to discover them.
They don't cost anything to join and you can make as much as $30,000 commission for one sale. Seriously, that's not a typo.
In all transparency, that commission isn't common, but the average commission is anywhere from $500 - $5,000 per sale. Which is still incredible!
Instead of breaking your back and pulling your hair out to do presentations to groups of people about MLM's, trying to sign up dozens of people in your downline and keep them motivated on a day to day basis, and work 12 hours per day to hopefully break even for years until you get a big enough downline to be profitable, why not channel your efforts into promoting a company that pays 100x commissions with 10x less work.
One company in particular pays 6% of all sales made. So if you refer just 2 new customers per month who invest $50,000 each, then your commission is $6,000 per month. Or $72,000 per year. That replaces and exceeds most people's full time income.
What's the catch? Well you need to know how to do affiliate marketing online. It's not something that can be mastered overnight but there are hundreds of beginners who are making $2,000 - $6,000 per month within just 3-6 months time.
And if you are looking to promote gold and silver with affiliate marketing, and want to know what company we are talking about above, click here.
Thanks for reading. We hope this article was helpful.
I would like to know more about how selling your gold/silver works, as I am involved with 7kMetals, but I’m always receptive to listening/working with the competition. My phone # is 949 293 7053, if you would like to phone me between 9 am 6 pm PST. Thanks, Jeanette R
Hi Dr. Rodney,
You can visit this page to learn more about the company we recommend becoming an affiliate for. It has lots of information —-> https://www.otisgold.com/goldco-affiliate-program/