Wealth Generators is a network marketing company that offers training and tools to help you… well… generate wealth. Click here for my 1 recommendation. Going with an unestablished MLM is always a big risk, considering how many of them fail in the first few years.
While they made it past the often fatal 2-year mark, Wealth Generators has still only been around since Like many other direct selling companies, Wealth Generators is basically a rebranded version of failed MLM.
Brand new look, same botched flavor. Wealth Generators wants to teach your average Joe Schmoe how to be a Wall Street trader, raking in the millions with the click of a button. They sell a variety of financial tools and software, including equities and ForEx trade alerts, personal finance lessons, financial media, and receipt tracking and tax applications. It takes a while to figure out what it is they actually sell when you browse their site, and most of their distributors just talk about recruiting without even trying to sell the product.
In fact, the only substantial product they do sell that actually costs money is their tax software, Taxbot. So in the end, what are you really paying for? The right to turn around and sell this invisible product to more people. Wall Street execs are some of the most loaded people in the world.
In the case of Wealth Generators, their main product trading software , can actually cause customers to lose money — lots of it. Most are probably losing it. If the goal of Wealth Generators is to make people rich by sharing some super secret, highly-effective trading advice with as many people as possible, then frankly, their goal makes absolutely no sense.
The bigger their network becomes which is the goal of MLM , the less effective their product becomes. The compensation plan for Wealth Generators is confusing at best and mostly relies on bonuses rather than a fixed commission on each subscription. After that, monthly payments are required and range from Although, since Wealth Generators members can be held legally liable by the SEC for giving out trading advice to their recruits because again, they are not qualified , some recommend Errors and Omission Insurance for liability protection.
How do you even do that? Needless to say, they will probably find a way to deny you your money back based on their extensive terms and conditions. While you could make a few extra bucks with a few sales, by no means will you be quitting your day job anytime soon. There are better opportunities for that. JP teaches network marketers how to build a real business.
Far from a hater, he still LOLs at 3-way calls and building "downlines". If you like Monday morning conversations with your kids by the pool, you might like this. My 1 pick not MLM. Well, they are an MLM that promises to generate you income by exchanging foreign currency. So should you get involved? And where did their top-levels run to? Sells a range of financial tools Wealth Generators wants to teach your average Joe Schmoe how to be a Wall Street trader, raking in the millions with the click of a button.
Products are vague… It takes a while to figure out what it is they actually sell when you browse their site, and most of their distributors just talk about recruiting without even trying to sell the product. After a little digging, it starts to become clear as to why their marketing is so vague… 7. You may also like Meet the Author JP.
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