Global Wealth Trade Overview
Company: Global Wealthy Trade
Unbiased Global Wealth Trade review
You are probably wondering if the company Global Wealth Trade is a scam or legit so you have decided to get your Sherlock Holmes persona on. It is always a good idea to do some research about a company or product before you decide to get involved with it. It can be very frustrating if you realize that you have been walked over by a scam.
It is not a great feeling as I was also scammed a couple of years ago. In this review I am going to discuss this company in more detail to make it easier for you to make an informed decision on whether you want to buy their products or start your own network marketing business.
This is a company founded by Ramin Mesgarlou in 2015. It is an mlm (Multilevel Marketing) company that enables you to earn a commission from the efforts of your downline several generations deep. MLM companies can sometimes be very complicated to understand and there is just so much information to take in. First I am going to discuss the products.
Global Wealth Trade Products
The products are very important for any mlm company because it is the driving force on which the compensation plan is built. If the products are of low quality and not unique, then it can pose problems for distributors to make any sales. Let me dig into some of the products that I could find:
a) Feri Designer Lines
b) Posh Jewelry
- Watch Links
c) Feri Mosh
- Wedding rings
I must say that it looks like the product line is of high quality and that it has a little bit of uniqueness in it. I have reviews several mlm companies in the past and I must say that most of the products that they sell are very boring and of terrible quality because they just want to have products for the sake of not being a pyramid scheme.
Global Wealth Trade compensation plan
It is very hard to see an mlm company that has both good products and compensation plan. Most companies will always lack in one of these areas while only a few of them have fulfill the requirements for both of these categories. For me the compensation plan needs to be simple enough for anyone to understand and I am not a big fan of over complicated compensation plans. This company pays up to 70% of its volume to its distributors.
There are 5 levels of VDM (Virtual Designer Mall) that you can reach which is Retailer, Silver, Plangsten, Gold and Diamond. There are several ways to make money with this company and I will list some of them below:
1. Retail Profit
This is the difference that you get between the wholesale and retail price. You can earn from 50-100% profit depending on the level that you have reached. For instance the Retailer level will enable you to earn 50% profit and the Diamond level will earn you a 90-100% profit.
This comes from the products that you sell directly to your customers. You will also get your own website to promote your products on which are a plus.
2. Wholesale profits
Each time one of your customers buys a VDM of any level, you will earn $50.
3. Cycle commissions
You will be able to have 2 legs which are called the weaker leg and the stronger leg. Once both your legs have generated 5000 points in sales, then you will have a cycle. Remember that 5000 points is equal to $6250. So if your teams have generated $6250 in sales, then you will have a cycle.
The amount you earn per cycle will depend on the level that you are. For each cycle you will earn up to 2.5% if you are Silver; 5% if you are Plangsten; 10% if you are Gold and 15% if you are Diamond.
You will earn the following amounts per level:
Silver – $156.25
Plangsten – $312.5
Gold – $625
Diamond – $937.5
Below is a video that will explain the compensation plan in more detail.
The amount of cycles that you will have per month will depend on how many products both of your teams are selling. There are a little bit more to the compensation plan with other bonuses but I have covered the most important aspects of it.
Should you join Global Wealth Trade?
I really like the products and the compensation plan was also not that complicated. This compensation plan had 5 levels which is an all-time low record. I once reviewed a company that had more than 20 levels and it was a mess to say the least. I think that it would be easy enough to explain the compensation plan and also to sell the products.
What I also liked was that you are not dependent on your sales force to reach a specific level. My only concern was that the diamond level is a bit expensive which will cost you $3500. The Retailer is much cheaper with a price of only $169.
So if I have to give you my opinion on whether you should join this company or not, I will say it is one of the better mlm companies out there and that the choice should be made by you based on your experience and personality type. Let me give you an example. For you to make money with this type of business model, you need to have the right type of marketing tactics and hard selling techniques.
You need to be able to reach out to random people on the street and call random phone numbers to get leads. Each person will develop their own marketing style and if you already have a proven style that works for you, then you might try this company out.
But if you are very new to network marketing or this is the first time that you have heard about mlm, then I would not recommend this path for you as it can become touch to sell expensive jewelry to random people. If you are this person then you need to read further.
How I earn a passive income
I follow a business model called Affiliate Marketing. This business model allows me to sell products from other companies in order to earn a commission. The nice thing about this business model is that I do not need to buy any product or package or reach a specific level in order to sell the products.
While mlm companies limit me to a small range of products, I have over a million products to sell if I do Affiliate marketing. I am also not dependent on a downline to grow my business as only I am responsible for my own growth. There is also only person that I will be making rich and that is me and not someone on the top of the pyramid.
All you need to do is to choose a niche that you are passionate about, start a blog (which will take you less than 30 seconds), create content on your blog and then make sales. The beautiful thing about a blog is that it will make money for you while you are not present. This can also lead to passive income as a result as you can leave a website for years and you will still earn an income from it.