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As part of the 7k Metals Review, we intend to give Bear Lake Golds opinions of this company, its’ services, the costs of these services, what may make them unique and the pro and cons of using them for your gold or precious metals purchases. Company name did not make our top gold dealer or top three gold IRA companies when we reviewed them. If you would prefer to see our top three companies or request further information on them, see below.
Best Overall Precious Metal Provider
Best Gold IRA Based On Price
Most Reliable IRA Provider
Seven k Metals runs a high level precious metals MLM business model that offers gold and other precious metals for investment purchases. The company stands out from its competitors because they operate as a legit network marketing company.
The company was founded by Josh Andeson. Robert Ball, Zach Davis and Richard Hannsen in 2016. Each of these have experience with MLM companies in the past.
Josh Anderson seems to have made the move from running a training company (Black Ink International), which was a Multi-Level-Marketing training company to forming 7k Metals.
Roger Ball seems to be a serial entrepreneur having founded a number of companies including JD Premium and Paycation. Paycation being a travel business and JD Premium being an Internet Services Company.
Zch Davies also founded Gravity Factory in 2016 and was Managing Partner Freedom Roalties LLP 2013, Founder of R Range Trading 2012, Founder Boo Weekly Beef Jerky 2011.
From what we can see of the top management teams previous experience, although they have a wide variety of business experience, they have very little experience in the gold and precious metals business, although some of them are MLM experience marketers and trainers d. Does this make this a safe company? Yyou make up your own mind.
Seven k Metals is an MLM, or a multi-level marketing company founded in 2016 by entrepreneurs Roger Ball, Richard Hansen, Zach Davis, and Josh Anderson. Based in Idaho,
A multi-level marketing (MLM) program is a business model that allows companies to sell products or services through a network of independent contractors or "distributors." These distributors are typically compensated not only for the sales they generate but also for the sales of the other distributors they recruit into the program.for the sales they generate and
When you first purchase any precious metals through 7 k metals, you can join their MLM program and recruit additional purchasers in your network. You are best not to target the average person but instead try and attract wealthy people to your multi-level marketing business. This is a competitive industry so attracting the right kind of person is key if you want to earn good weekly commission payments.
You will earn a commission on any purchase they make or any sales they make to people they recruit.
Some have criticized the MLM model for being a pyramid scheme, and while. While it is true that MLM programs often incentivize participants to recruit new members into the program, not all MLM programs are pyramid schemes. Some legitimate MLM programs have been very successful and helped launch the careers of many successful entrepreneurs.
7 k Metals sells various precious metal products, including gold, silver, and platinum.
The company offers its members the opportunity to buy products at discounted prices and purchase criticised storage and shipping services for the metals you may buy from them. The purchase ship or store options makes investing in precious metals through 7kthe Metals group quick and easy.
Seven K Metals aims to increase financial security among Americans worldwide by allowing them to recruit and expand their network. They then allow members to sell their products at competitive rates. All these while providing peace of mind knowing they are protected no matter what happens.
The problem with any MLM schemes or any MLM products is you as an mlm marketer need to sell to real people, these people are likely to be your friends and in order to make sales you will not be working in the retail sales arena.
You will be asking your friends and acquaintances to buy physical gold, real gold or gold stocks, that is the whole purpose of a Network Marketing Company.
The one advantage with 7k Metals is they do have decent products at competitive price points.
7 k Metals sells precious metal products like gold, silver, and platinum. It ranges from coins, bars, and jewelries which can be bought per piece or by weight.
The company also offers storage and shipping options for metals, making it a convenient option for investors.
Here is the list of products 7 k Metals offers to its members and investors:
To provide an easy browsing and shopping experience, Seven k Metals divides its products into four categories:
7 k Metals memberships are a great way to get discounted prices on products. Memberships come in 2 different levels: basic membership and premium membership.
As a basic member, you get discounted prices on products, purchasing items in bulk, and purchases of precious metals. The basic membership costs an annual fee of $250. You also could become a 7k dealer and earn commissions on sales generated by your recruits.
The premium membership fee costs an annual fee of $450. Each membership also comes with a substantial number of classes on recruitment and team reinforcement.
As a premium member, you get all the benefits of the regular membership, plus additional benefits like:
To become an official member, clients also need to purchase a Travel Savings Card. Clients are given a card that gives them travel perks, from getting discounts to finding the best travel deals.
Prices of travel cards vary depending on the membership package your applied for. Basic members need to pay $250, whereas premium members need to pay $500. Travelcard fees need to be paid on top of their initial membership fees.
However, even if you avail for memberships, there is no assurance that if you sell precious metals, you will have the ability to turn your invested money into profit. Once you decide to invest with 7 K Metals, you still need to put extra effort for your money to grow and gain profit.
Becoming a 7 k Metals member is exclusive for American residents. If you are an American resident, signing up and creating an account is easy. You can sign up for a membership on the 7 k Metals website. Once you've completed the sign-up process, you will be able to log in and start shopping for products at discounted prices.
As a 7 K Metals member, your first step is to decide on a starter pack. Starter packs offer a choice of three different options, all of which have slightly different pricing. Try opting for options that are consistent with your long-term objectives and your current finances.
Once you've selected the starter kit, you will be offered monthly deliveries of your assets. You may choose to either purchase silver or gold. You need to use an AutoSaver coin. This feature supplies automated monthly transactions, which makes the entire process simpler. You don't need to constantly remind yourself of your purchases or examine the marketplace.
If you are comfortable with the price of precious metals, you have the option of preserving them or selling them at a higher price.
Although the membership perks are very enticing, you can receive the same discounts from other precious metals dealers. You can get them without paying any membership fees.
This is not the best choice for those who wish to open a small business. It is also not a good option for foreigners or Americans who live outside the US. Those who wish to open their own 7 K Metals account need to be American residents and have an American address.
7 k Metals is unique because it offers memberships that allows their members to become a 7k dealer and earn commissions on sales generated by their recruits.
7 K Metals uses a simple binary framework to reward active members. You can earn revenue in several ways with 7 k metals. It includes.
The price of the membership will give you access to different benefits like discounts on products, and services, as well as training classes on how to be successful in marketing the company's products. You will also be able to take part in the company's marketing programs to earn a commission on every product that you sell.
As a member, you will be given a special link that you can use to invite other people to join 7 k Metals. When they sign up using your link, they will be placed in your downline and you will earn commission on their membership fees as well as any products that they purchase. The more people you recruit, the more money you can make.
7 k Metals offers a wide range of products that you can sell including jewelry, coins, and bars. You will earn a commission on every product that you sell.
As a dealer, you will be able to purchase products at wholesale prices and then resell them at retail prices. You will also be able to earn commissions on the sales of products that you generate.
As mentioned earlier, 7 K Metals is an MLM company. This means that as new recruits become members and purchase paid memberships, you earn points and earn money. This creates a downline of distributors below them, as well as an upper-level of distributors above them.
The benefits of MLM companies are that it allows members to make money by recruiting other members, and it allows members to earn commissions on the sales of products to other members.
However, the risks of MLM are that it is often difficult to make money, it is easy to lose money, and it is often difficult to sell products to other members.
You're paid out on a restricted point system for every 7k Metals product you sell.
As part of discussions with 7k Metals, we asked them if they had any promotions, special offers, discounts or coupon codes they could offer our readers if they were to open a gold IRA. They told us as this stage; they did not have any offers they could make available to us.
Special promotions can make starting a precious metals IRA much more profitable; if you would like to get one of the best IRA promotions currently available of up to $10,000 in free silver for qualifying customers, our number two recommended Gold IRA company is the one to look at. Goldco. See if you could qualify for up to $10,000 in free silver. Just click the banner below.
BB currently has 52 ratings for this company scoring 4.5 out of 5 , the company has only had one compliant registered with BBB in the last 12 year and this was registered within the last three years.
No Current Rating
No Current Rating
3.8 score out of 5
On Google there are currently 38 reviews of these a quarter are one-star reviews
5 Stars out of 5
This was a very small sample of reviews as we could only find 4 verified reviews
3.8 Stars out of 5
Again this was a tiny sample as there are only 2 reviews of 7k metals on Trustpilot currently
Unless you are attracted by getting involved in a multi level marketing scheme we suggest that you do not get involved with this company. There are better alternatives like the ones we have listed below for outright coin and bullion purchases and there are certainly better companies if you are looking to open a gold or precious metals IRA.
Goldco is an established precious metals company with over a decade of experience. The company has received many awards and reviews, establishing its reliability and trust in the industry.
They have received these awards and recognitions over the years:
Augusta Precious Metals is an outstanding source for IRAs for people who are looking for complete transparency, convenience, and elaborate materials.
The company offers the following products:
Augusta Precious Metals has thousands of customers, including Joe Montana. Furthermore, they offer free web conferences with Harvard-trained educators to help you get started in investing or learning more about precious metals trading.
American Hartford Gold is a company that is based in Los Angeles, CA. It is a family-owned and operated firm. They help families and individuals to invest in the precious metals industry.
The company values the relationship that their clients create with the company, so they provide a BuyBack Commitment.
American Hartford Gold sells the following products: