7K Metals Review
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When it comes to precious metals, there are few dealers as renowned as 7k Metals. This company has established itself over the years and is known for its commitment to delivering top-notch products and services. Let’s delve into the advantages and disadvantages of conducting business with this company.
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- They have received over 1,000 5-star ratings online
- They safeguard over $1 billion in retirement savings
- They have earned an AAA customer rating
- They have an A+ rating with BBB
- They have won Inc 500 award 5 times
- They were named the 2021 company of the year.
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About 7k Metals
7k Metals is a unique company that operates as a multi-level marketing organization. Their primary goal is to offer their members access to precious metals at affordable prices. One interesting aspect of their model is that members can transform their homes into workshops, allowing them to purchase materials at lower rates compared to other sources. Moreover, members have the opportunity to earn income by selling 7k Metals’ products, as it’s not just a single seller managing everything independently.
Another attractive feature of the company is the referral bonuses they offer. Some individuals have been able to generate substantial profits in a short period of time, thanks to these bonuses. 7k Metals was established in 2016 by Roger Ball, Richard Hansen, and Zach Davis.
Here’s how 7k Metals operates: They have a skilled team of jewelers and metalworkers who craft exquisite jewelry pieces from scratch. Once these pieces are completed, they are delivered to the customer’s home, allowing them to enjoy the beauty of the jewelry for many years.
If you’re interested in purchasing coins, you can visit the 7k Metals website and add the desired items to your cart. During the checkout process, there is an additional step where you can enter the name of the person who referred you to the company.
7K Products & Services
7k Metals provides a diverse range of products, which includes an impressive selection of silver and gold coins. These coins are highly sought after by collectors and investors alike. Here are some examples of the popular coin options available:
1. American Eagles: This series of coins, minted by the United States Mint, features iconic designs and is recognized for its purity and quality. American Eagles are treasured by coin enthusiasts worldwide.
2. Canadian Maples: These coins are produced by the Royal Canadian Mint and are renowned for their exceptional craftsmanship. Canadian Maples are known for their intricate detailing and the use of cutting-edge security features.
3. South African Krugerrands: Originating from South Africa, Krugerrands are among the most famous gold coins globally. They were first minted in 1967 and are valued for their historical significance and high gold content.
These are just a few examples of the wide array of coins that 7k Metals offers. Whether you’re interested in American Eagles, Canadian Maples, South African Krugerrands, or other notable coins, 7k Metals strives to meet the preferences and demands of collectors and investors with their diverse coin selection.
One of the distinctive services provided by 7k Metals is the opportunity to have a Precious Metals Individual Retirement Account (IRA). This specialized IRA allows individuals to invest in precious metals while enjoying the advantage of not having to pay taxes on the gains made from those investments. It’s a beneficial option for those looking to diversify their retirement portfolio with precious metals.
To ensure the safety and security of the products they sell, 7k Metals stores all items in a highly secure facility. When you place an order with them, your purchased products will be shipped to you using FedEx, ensuring reliable and timely delivery. However, if you prefer not to store the precious metals yourself, 7k Metals offers an additional service where they can store your precious metals on your behalf. This option is particularly useful if you lack sufficient space or prefer the convenience of professional storage.
By providing both storage and delivery options, 7k Metals aims to meet the needs and preferences of their customers, offering peace of mind and convenience throughout the entire process of purchasing and safeguarding precious metals.
7K Membership Information
To become a member of 7k Metals, there are certain requirements you need to meet:
1. Age and Identification: You must be at least 18 years old and possess a valid ID along with a Social Security Number.
2. Legal Residency: As a member, you need to be a legal resident of the United States and authorized to enter into agreements with 7k Metals. You should also have the legal capacity to receive services in the US. You have the flexibility to update your residency information online or by reaching out to their customer service department.
3. Application and Agreement: To embark on your journey as an independent business owner with 7k Metals, you need to complete and submit the 7K Independent Associate Application and Agreement.
4. Affiliate Requirements: If you wish to be an affiliate, you must provide documentation supporting your tax status and residency, ensuring uninterrupted enrollment. This applies to both US residents and residents of other countries.
7k Metals offers two membership packages with distinct features:
1. Basic Package ($99):
– One ounce of silver
– One year of storage
– Access to Exclusive Low Mintage Collectables
– 1 Initial Gem Uncirculated 1 oz Silver Coin
– One month of access to the online members’ area
2. Premium Package ($299):
– 4 Wealth Strategies Books
– Three years of storage
– Six months of access to the online members’ area
– 10 Business Cards
– Five ounces of silver
Resources for Investors:
In addition to their membership options, 7k Metals provides various resources to assist investors. One such resource is “A Beginner’s Guide to Precious Metals Investing.” This comprehensive guide covers the basics of investing in precious metals, including an introduction to different types of precious metals, reasons to invest in them, and the benefits of such investments. The guide serves as a valuable tool for individuals looking to understand the potential of precious metals as an investment vehicle.
Rest assured, 7k Metals is a legitimate and trustworthy company in the precious metals industry. Since their establishment in 2016, they have been offering a wide range of genuine products and services. Their team comprises experienced jewelers and skilled metalworkers, ensuring the quality of their offerings.
One notable service they provide is the Precious Metals IRA, allowing individuals to invest in precious metals while enjoying tax advantages on their gains.
While 7k Metals is not accredited by the Better Business Bureau (BBB), it is important to note that they have maintained an excellent A+ rating with the BBB. It’s worth mentioning that the company has had a couple of complaints registered with the BBB, but these issues were promptly resolved. Overall, 7k Metals has proven to be a reliable option for those interested in investing in precious metals.
Furthermore, one positive aspect is the accessibility and recognition of the company’s owners. When engaging in investment transactions, it is crucial to know and trust the individuals behind the business. 7k Metals encourages potential buyers to reach out through their website and establish clear communication channels and timelines, which helps foster trust and transparency.
It is important to remain cautious and be aware of potential scams in any industry, including precious metals. However, based on the available information, 7k Metals appears to be a reputable and straightforward company. As long as you are dealing with genuine precious metals and not encountering attempts to sell counterfeit items, you can have confidence in their business practices.
Is It A Pyramid Scheme?
The company is not a pyramid scheme. As mentioned earlier in this review I’m not a fan of multi-level marketing schemes, but I am very much in support if you want to start your own business. I believe that entrepreneurs have the power and creativity needed for this world’s innovation economy so it’ll be interesting to see what inspires people next.
I don’t know about you, but I’ve had my fair share of MLM experiences. For some reason, they just seem to be calling out a way into entrepreneurship and learning how sales work. These types learn more than your average joe though, not only do we get personal development skills like marketing or managing expenses with inventory too.
The difference between this experience versus others is that instead of being told you’re bad at something because there’s no proof otherwise; participants are given accurate information so as long as possible pain points can be remedied before moving forward.
There are so many questions I have about 7K metals, but the one thing that keeps coming back is what makes it a business rather than just recruiting more people. Is their focus only on getting new members to sign up and bring in more money from those already paying dues or do they also allow real customers with goods for sale? If this latter case holds and there’s no wrongdoing involved whatsoever, then would we consider them part of an illegal pyramid scheme since most successful Ponzi schemes require paid-in capital before any profits come out.
As a 7K Metals member, you are part of the business opportunity and not just another customer. Your membership is tied directly to that particular company’s pyramid structure so whether joining as someone who purchases from them or qualifies for their discount rate on materials; both ways your status will be protected by being “below” one other person in this chain.
You’re a customer, but you also promote our business. That’s how it works.
You participate in the monthly AutoSave program, to determine whether or not that means being an “active member” of this community, which has some great perks for members like access to exclusive offers from local businesses along with other fun rewards. But if your idea is just plain old buying stuff online without any promotion involved then maybe checking out what else there might be at another company first would give a better result.
That’s right if you’re not part of the business opportunity and don’t want to be then that makes sense. But what about those who can afford it but just chooses not to because there are other things in life than making money off your hard work.
A certain percentage of members who are participating in the auto saver program either because they do or they can’t afford it are considered ” retail” customers.
7K Metals has been around for as long, and it’s not unheard of that one company can outlast other businesses in their industry. The memberships are also considered a separate product from what you get at 7k metals which means there aren’t many complaints about this organization, plus they’re legally compliant. Therefore they don’t appear to be a pyramid scheme.
Structure of 7K Metals
The compensation structure is set up to where you earn a commission on the products and services that you sell, but there are also other ways to make money. You can sponsor people who become members and get a percentage of their monthly membership dues, as well as a percentage of what they spend on product orders.
You can also earn overrides from the people who are placed beneath you in the pyramid, which can range from two percent to five percent depending on your rank within the company. There are also bonuses that you can receive for meeting certain goals, such as selling a certain amount of products or sponsoring a certain number of new members.
The bottom line is that there are multiple streams of income available to those who become involved with this business opportunity, which is one of the reasons why it has been so successful.
A Bronze ranked 7K member can earn $2000 a week. A Silver ranked member can earn up to $4000 a week. And a Gold-ranked member, the highest level in the company, can make over $6000 in a single week. The amount of money that you can earn is directly related to how much effort you put into the business, as well as how many people you can sponsor and sell products to.
The 7K Metals AutoSave Program
The AutoSave program is an important part of the compensation structure, and it’s one of the things that sets this company apart from other businesses in the industry. The program allows you to set aside a certain amount of money each month so that you can purchase the product at a discounted price.
You can choose to have the money automatically deducted from your bank account or credit card, or you can manually send in a check or money order each month. The minimum amount that you can AutoSave is $50, and the maximum is $500.If you decide to cancel your membership, you will forfeit any money that you have saved up in your AutoSave account.
However, if you remain a member in good standing, then you will be able to keep the money in your account and use it towards future purchases. The AutoSave program is a great way to get discounts on product orders, and it’s one of the main reasons why people become involved with this business opportunity. It’s also one of the things that makes this company unique, and it’s something that you should take advantage of if you’re considering becoming a member.
Investment Minimums and Fees
The investment minimums are relatively low, and the fees are reasonable. You can become a member for as little as $50, and there is a one-time fee of $19.95 to join. There is also a monthly membership fee of $39.95, which gives you access to the AutoSave program as well as other benefits. Overall, the investment requirements are not unreasonable, and they are worth it considering all of the potential earnings that are available.
Pros & Cons of 7k Metals
It’s important to approach any business opportunity with caution and conduct thorough research. While 7K Metals may offer potential rewards, it’s crucial to assess your own skills, resources, and comfort level with sales and networking. Consider factors such as your financial situation, time commitment, and ability to navigate the challenges that may arise in a multi-level marketing environment.
Additionally, it’s beneficial to seek advice from independent sources, explore alternative options, and carefully evaluate the company’s compensation plan and policies. This will help you make an informed decision that aligns with your goals and preferences.
Remember, success in any business venture requires dedication, effort, and a well-thought-out strategy. Good luck with your endeavors, and feel free to reach out if you have any further questions or concerns!