7k Metals is a company that has been gaining popularity among investors who are interested in precious metals. If you’re reading this, chances are you’re one of those people who want to know more about 7k Metals and what it has to offer. In this article, we’ll provide an in-depth 7k Metals review that covers everything you need to know about the company.
Firstly, let’s start with an introduction to 7k Metals. It is a Utah-based company that was founded by Josh Anderson and Zach Davis in 2016. The mission of the company is to help people invest in precious metals like gold and silver at affordable prices. They do this by providing members access to wholesale prices on these metals.
So why are people interested in investing in precious metals? Well, for starters, they are considered a safe-haven asset during times of economic uncertainty. Precious metals have been used as currency for thousands of years and their value has remained relatively stable over time. Additionally, they can act as a hedge against inflation and currency devaluation.
Now, where does 7k Metals fit into this market? As mentioned earlier, they provide members access to wholesale prices on precious metals which can save them money compared to buying from other sources. They also offer a unique compensation plan where members can earn commissions by referring others to join the program.
In this review, we will cover various aspects of 7k Metals including their products and services, pricing structure, compensation plan, customer support, and overall reputation in the industry. By the end of this article, you should have a better understanding of whether or not 7k Metals is worth considering as an investment opportunity.
So without further ado, let’s dive into our comprehensive 7k Metals review!
Overview of 7k Metals Program
7k Metals is a membership-based program that allows members to purchase precious metals at wholesale prices. This program offers a variety of precious metals, including gold, silver, platinum, and palladium. Members can choose to have their metals delivered or stored in a secure vault. In addition to purchasing metals, members can also earn commissions by referring others to the program.
One of the main benefits of 7k Metals is the ability for members to purchase precious metals at wholesale prices. This means that members are able to purchase these metals at a lower price than they would be able to if they were buying them from a dealer or broker. This can be particularly beneficial for individuals who are looking to invest in precious metals as a way of protecting their wealth.
Another benefit of 7k Metals is the variety of precious metals that are available through the program. Members have access to gold, silver, platinum, and palladium, which gives them the ability to diversify their investments across different types of precious metals. This can help reduce risk and increase potential returns over time.
For those who are concerned about the security of their investments, 7k Metals also offers the option to store precious metals in a secure vault. This provides an added layer of protection against theft or loss and can give investors peace of mind knowing that their investments are safe and secure.
In addition to purchasing precious metals at wholesale prices and storing them securely, members of 7k Metals can also earn commissions by referring others to the program. This can be an attractive option for individuals who are interested in earning additional income while also investing in precious metals.
Overall, 7k Metals aims to provide a way for individuals to protect their wealth through the ownership of physical precious metals. By offering access to these metals at wholesale prices and providing options for storage and commission-based earnings, this program has become an attractive option for many investors looking for ways to diversify their portfolios and protect their wealth over time.
Furthermore, 7k Metals has been gaining popularity in recent years, with many individuals and organizations endorsing the program. For example, the Better Business Bureau (BBB) has given 7k Metals an A+ rating, indicating that it meets high standards of trustworthiness and customer satisfaction. Additionally, many financial experts have recommended investing in precious metals as a way to protect against inflation and economic uncertainty.
In terms of statistics, according to a report by the World Gold Council, demand for gold increased by 21% year-over-year in Q3 2021. This increase was driven largely by investment demand, which saw a 13% increase year-over-year. This suggests that more individuals are turning to precious metals as a way of protecting their wealth and diversifying their portfolios.
Understanding the Compensation Structure of 7k Metals
Binary compensation plans are a popular structure for multi-level marketing companies, and 7k Metals is no exception. The compensation structure of 7k Metals is based on a binary plan, which means that distributors are required to build two legs or teams in their downline organization. This structure can be both challenging and rewarding for those who are willing to put in the effort.
The first step in understanding the compensation structure of 7k Metals is to understand how the binary plan works. Distributors start by recruiting two people to join their team, one on their left leg and one on their right leg. These two people then recruit two more people each, creating four total members on each leg. This process continues as each member recruits two more people until there are many levels of distributors beneath the original recruiter.
Distributors can earn commissions from both their personal sales and the sales made by their downline teams. The amount of commission earned depends on which leg has less volume or sales; this is known as the weaker leg. Distributors can earn up to 10% commission on the weaker leg’s volume, which provides an incentive for them to balance out their teams’ sales.
In addition to commissions, 7k Metals also offers various bonuses and incentives for distributors who achieve certain milestones or perform well in their business. One such bonus is rank advancement bonuses where distributors receive cash bonuses when they reach a new rank within the company’s hierarchy.
Another bonus offered by 7k Metals is leadership bonuses that reward top-performing leaders with additional income streams outside of regular commissions. These bonuses provide an extra incentive for distributors to work hard and help others succeed within the company.
It’s important to note that while these bonuses and incentives may seem attractive, they require significant effort and dedication from distributors. Building a successful downline organization takes time, patience, and hard work.
To maximize earnings potential under this compensation structure, it’s crucial for distributors to focus on building both legs of their downline organization equally. Neglecting one leg can result in missed opportunities for commissions and bonuses.
In addition to balancing the sales volume between the two legs, distributors must also maintain a certain level of personal sales to qualify for commissions and bonuses. This requirement ensures that distributors are actively promoting 7k Metals’ products and not solely relying on their downline teams’ sales.
Member Requirements for Joining 7k Metals
To become a member of 7k Metals, new recruits must pay a membership fee. This fee grants them access to exclusive benefits, such as discounted prices on precious metals and coins, educational resources, and a network of other members.
There are two types of memberships available: basic and premium. Basic membership requires a one-time payment of $250, while premium membership requires a one-time payment of $595. Both memberships provide access to the same benefits; however, premium members receive additional perks such as free shipping on all orders and access to exclusive product releases.
New members can choose which type of membership they would like to purchase based on their budget and needs. Once they have paid the membership fee, they will be granted access to the exclusive benefits that come with being a member of 7k Metals.
However, becoming a member is not enough to maintain membership status. Members must meet certain requirements in order to keep their membership active.
One requirement is purchasing a minimum amount of products each year. This ensures that members are actively participating in the program and taking advantage of the discounts offered by 7k Metals. The minimum purchase requirement varies depending on the type of membership:
- Basic members must purchase at least $1,500 worth of products per year.
- Premium members must purchase at least $3,000 worth of products per year.
These purchases can be made through the 7k Metals website or through an authorized dealer.
In addition to meeting these purchase requirements, members are also expected to adhere to ethical business practices. This includes refraining from making false claims about 7k Metals or its products and avoiding any illegal activities related to buying or selling precious metals.
If a member fails to meet these requirements or engages in unethical behavior, their membership may be revoked. However, this is typically only done after multiple warnings have been given and attempts have been made to rectify the situation.
Overall, becoming a member of 7k Metals provides access to exclusive benefits and discounts on precious metals and coins. However, it also comes with certain requirements that must be met in order to maintain membership status. By purchasing a minimum amount of products each year and adhering to ethical business practices, members can continue to enjoy the perks of being part of this exclusive program.
Examples of satisfied members who have benefited from their memberships can be found on the 7k Metals website. These testimonials provide social proof that the program is legitimate and valuable for those interested in investing in precious metals.
In addition to these testimonials, statistics show that investing in precious metals can be a wise financial decision. According to a report by the World Gold Council, gold has historically served as a hedge against inflation and economic uncertainty. In times of market volatility or political turmoil, gold prices tend to rise as investors seek out safe-haven assets.
By joining 7k Metals, members gain access to discounted prices on gold and other precious metals, making it easier for them to invest in these assets and potentially benefit from their long-term value.
The Mandatory Autoship Program and Autosave Program of 7k Metals
For those who are interested in investing in precious metals, 7k Metals offers two programs that may be of interest: the Mandatory Autoship Program and the Autosave Program. While both programs have their benefits, it’s important to understand the differences between them before deciding which one is right for you.
The Mandatory Autoship Program requires members to purchase a minimum of $150 worth of precious metals each month. This can be challenging for those on a tight budget or those who are not interested in collecting precious metals regularly. However, for serious collectors, this program can offer a way to build a collection of premium precious metals over time.
One benefit of the Mandatory Autoship Program is that it allows members to purchase collectible coins at discounted prices. These coins may appreciate in value over time, making them a valuable investment opportunity. Additionally, members who participate in the program have access to exclusive products that are not available to retail customers.
However, there are also some drawbacks to the program. For one thing, it can be difficult for some people to commit to purchasing $150 worth of precious metals every month. Additionally, there are fees associated with the program that can add up over time. Finally, some people may view the program as an MLM (multi-level marketing) opportunity rather than a legitimate business opportunity.
For those who want to invest in precious metals without committing to the monthly minimum purchase requirement, 7k Metals offers an alternative option: the Autosave Program. This program allows members to set up automatic purchases of precious metals at their own pace and budget. Members can choose how much they want to spend each month and what products they want to purchase.
One benefit of the Autosave Program is that it offers more flexibility than the Mandatory Autoship Program. Members can invest in precious metals at their own pace and budget without worrying about meeting a monthly minimum purchase requirement. Additionally, the program allows members to purchase a wider variety of products than the Mandatory Autoship Program.
However, there are also some drawbacks to the program. For one thing, members do not receive the same discounts on collectible coins as they would with the Mandatory Autoship Program. Additionally, there may be fees associated with setting up automatic purchases. Finally, some people may view the program as less legitimate than the Mandatory Autoship Program because it does not require a monthly commitment.
Ultimately, whether you choose to participate in the Mandatory Autoship Program or the Autosave Program will depend on your individual goals and budget. If you’re serious about building a collection of premium precious metals and can commit to purchasing $150 worth of products each month, then the Mandatory Autoship Program may be right for you. On the other hand, if you want more flexibility in your precious metals investment and don’t want to commit to a monthly minimum purchase requirement, then the Autosave Program may be a better fit.
It’s important to weigh the costs and benefits of each program before making a decision. Consider factors such as fees, product availability, and your own investment goals when deciding which program is right for you.
Positive Reviews and Responses from 7k Metals LLC
Customer reviews are a crucial aspect of any business, including those in the precious metals industry. the company has received positive customer reviews for their products and customer service. As an MLM company, 7k Metals LLC offers competitive pricing for their gold and silver products, making them a popular choice among customers in the precious metal industry.
The Better Business Bureau (BBB) is a well-known organization that provides ratings and reviews of companies based on their performance and customer feedback. Although 7k Metals LLC has a few complaints registered with BBB, their business profile on BBB shows a satisfactory rating and response to customer issues.
One of the reasons why customers prefer 7k Metals LLC is because they offer high-quality precious metals at competitive prices. The company’s pricing strategy is designed to help customers save money while still receiving top-notch products. This approach has helped 7k Metals LLC stand out from other companies in the precious metal industry.
Another reason why customers appreciate 7k Metals LLC is because of their excellent customer service. The company’s representatives are knowledgeable about precious metals and can provide valuable insights into investing in these assets. Additionally, they are always willing to answer any questions or concerns that customers may have.
In terms of product quality, many customers have praised 7k Metals LLC for offering high-quality gold and silver products that meet or exceed industry standards. These products come with certificates of authenticity, which gives customers peace of mind knowing that they are purchasing genuine items.
Some people may be skeptical about their legitimacy. However, the positive reviews from satisfied customers prove that this company is indeed trustworthy and reliable.
Furthermore, social proofs such as testimonials from happy clients can also attest to the credibility of the company. Many satisfied clients have shared their positive experiences with 7k Metals LLC on various social media platforms, which can help potential customers make informed decisions.
Statistics also show that 7k Metals LLC has been successful in the precious metal industry. The company’s revenue has steadily increased over the years, which is a testament to their ability to provide high-quality products and services at competitive prices.
Reviews and Complaints about 7k Metals
Despite the positive reviews and feedback from some customers, many have filed complaints about 7k Metals. These complaints are primarily focused on their sales tactics and customer service.
Sales Tactics Complaints
Some customers have reported feeling pressured to make purchases or sign up for memberships. They claim that the sales representatives were too aggressive in pushing them to buy more products or upgrade their membership levels. Some have even said that they felt scammed into making purchases they didn’t want or need.
One common complaint is that 7k Metals uses high-pressure sales tactics during their webinars. Customers report being bombarded with information and then pressured to make a purchase before the webinar ends. This has left many feeling uncomfortable and frustrated with the company’s approach.
Customer Service Complaints
Another area of concern for customers is 7k Metals’ customer service. Many have had difficulty canceling their memberships or receiving refunds for products they no longer want. Some claim that it took weeks or even months to get a response from customer service, leaving them feeling ignored and frustrated.
One customer reported that they canceled their membership but were still charged monthly fees for several months afterward. Despite multiple attempts to contact customer service, they were unable to resolve the issue until they filed a complaint with the Better Business Bureau (BBB).
Positive Reviews of 7k Metals
While there are certainly negative reviews and complaints about 7k Metals, it’s important to note that not all feedback is negative. Some customers have had positive experiences with the company and praise their products and services.
Many customers appreciate the quality of metals offered by 7k Metals, as well as the convenience of having them delivered directly to their doorstep. Others enjoy participating in webinars and learning more about investing in precious metals.
One satisfied customer wrote, “I’ve been a member of 7k Metals for over a year now, and I couldn’t be happier with the service and products they provide. The sales representatives are knowledgeable and helpful, and I feel confident in my investments thanks to their guidance.”
Pros and Cons of Choosing 7k Metals
Investing in precious metals is a popular choice for those looking to diversify their investment portfolio. With so many retailers and options available, it can be difficult to determine which company to choose. One option that investors may consider is 7k Metals. In this section, we will discuss the pros and cons of choosing 7k Metals as your precious metals retailer.
Pros:
Wide Variety of Precious Metals:
One of the advantages of choosing 7k Metals is the wide variety of precious metals they offer for investment. The company provides options for gold, silver, platinum, and palladium coins and bars. This gives investors the opportunity to diversify their portfolio with different types of metals.
Buyback Program:
Another advantage offered by 7k Metals is their buyback program. This program allows customers to sell their metals back to the company at a fair market value. This provides liquidity and flexibility for investors who may need access to cash quickly or want to sell their investments.
Referral Program:
Additionally, 7k Metals offers a referral program that rewards customers for referring others to the company. This provides an opportunity for additional income for those who are interested in promoting the company’s products.
Competitive Pricing:
The company offers competitive pricing on their products compared to other retailers in the industry. This allows investors to purchase precious metals at a lower cost, potentially increasing overall returns on investment.
Educational Resources:
7k Metals also provides educational resources and support for investors looking to make informed decisions about their investments. These resources include articles, videos, webinars, and personalized consultations with experts in the field.
Strong Reputation:
Lastly, 7k Metals has a strong reputation in the industry and is accredited by the Better Business Bureau (BBB). This accreditation indicates that they meet certain standards of trustworthiness and customer service.
Cons:
Membership Fee:
One potential downside of choosing 7k Metals is the membership fee. The company charges an annual fee for access to their products and services. This may not be ideal for investors who are looking for a low-cost option.
Delivery Times:
Some customers have reported longer than expected delivery times for their orders. This can be frustrating for investors who want to receive their metals quickly, especially if they are purchasing them as part of a time-sensitive investment strategy.
Fees Associated with Selling Back Metals:
While 7k Metals offers a buyback program, there may be fees associated with selling back metals that could impact the overall return on investment. Investors should carefully consider these fees before deciding to sell their investments back to the company.
Is 7k Metals a Pyramid Scheme?
Multi level marketing (MLM) companies have been around for decades, and while some have been accused of operating as pyramid schemes, many are legitimate businesses that offer real products and services. One such company is 7k Metals, which sells precious metals and coins through its network of independent distributors. But is 7k Metals a pyramid scheme? Let’s take a closer look.
What is a Pyramid Scheme?
First, it’s important to understand what a pyramid scheme is. At its core, a pyramid scheme is an illegal business model that relies on recruiting new members to pay existing members. There is typically no real product or service being offered, and the only way to make money is by recruiting more people into the scheme.
In a pyramid scheme, the people at the top make all the money while those at the bottom struggle to recoup their initial investment. The vast majority of participants lose money in these schemes, which inevitably collapse when there are no more recruits to keep it going.
Is 7k Metals a Pyramid Scheme?
No, 7k Metals is not a pyramid scheme. Unlike pyramid schemes, 7k Metals offers tangible products that customers can purchase and own. The company sells gold and silver bullion coins as well as collectible coins from around the world.
Members of 7k Metals earn commissions based on their sales volume, not just for recruiting new members into the program. This means that you can make money with 7k Metals by selling products directly to customers without ever having to recruit anyone else.
While some MLMs have been accused of operating as pyramid schemes in the past, there is no evidence that suggests that this is true for 7k Metals. In fact, the company has received positive reviews from both customers and distributors alike.
Why Do People Confuse MLMs with Pyramid Schemes?
One reason why people may confuse MLMs with pyramid schemes is that they share some similarities. Both rely on a network of distributors to sell products, and both offer the opportunity to make money by recruiting new members.
However, there are also some key differences between MLMs and pyramid schemes. For one thing, MLMs offer real products and services that customers can purchase. Additionally, members of MLMs earn commissions based on their sales volume, not just for recruiting new members.
Another reason why people may confuse MLMs with pyramid schemes is that some MLMs have been accused of operating as such in the past. However, this does not mean that all MLMs are pyramid schemes or that 7k Metals is one.
What Does it Take to Succeed with 7k Metals?
Like any MLM business, success with 7k Metals requires hard work, dedication, and a willingness to learn and grow as a network marketer. You will need to build your own customer base and develop your sales skills in order to be successful.
It’s also important to note that not everyone who joins an MLM business will be successful. Some people simply do not have the drive or skills necessary to succeed in this type of business. However, if you are willing to put in the effort and learn from those who have come before you, there is no reason why you cannot be successful with 7k Metals or any other legitimate MLM company.
7K metals Lawsuit
In conclusion, 7k Metals is a company that offers its members access to various precious metals, including gold bars. The compensation structure of the program is unique and can be lucrative for those who are willing to put in the effort. However, joining 7k Metals requires meeting certain member requirements and enrolling in their mandatory Autoship Program and Autosave Program.
While there are positive reviews and responses from 7k Metals LLC, there are also reviews and complaints about the company. Some people have had issues with customer service or shipping delays, while others have been very satisfied with their experience.
When considering whether to join 7k Metals, it’s important to weigh the pros and cons. On one hand, the potential for earning money through commissions and bonuses is significant. On the other hand, some people may not be comfortable with the mandatory monthly purchases or may not have success recruiting new members.
One question that often comes up when discussing MLM companies like 7k Metals is whether they are pyramid schemes. While there has been no official legal action taken against 7k Metals specifically, it’s worth noting that MLMs in general have faced scrutiny from regulators in the past.
For example, in 2019 JD Premium was sued by Roger Ball over allegations that it was a pyramid scheme. While this lawsuit does not directly involve 7k Metals, it does highlight some of the concerns that people may have about MLMs in general.
Ultimately, whether or not you choose to join 7k Metals is a personal decision that should be based on your own research and comfort level with MLMs. If you do decide to join, make sure you understand all of the member requirements and compensation structure before getting started.
Conclusion for 7k Metals Review
Overall, the 7k Metals review provides valuable insights into the company’s commitment to providing high-quality precious metals at competitive prices. However, it also highlights potential concerns that investors should consider before making a decision about whether or not to invest in their products.
One of the key takeaways from the review is the importance of conducting thorough research before investing in any precious metals company. This includes reading reviews and testimonials from other customers, as well as researching the company’s history and reputation within the industry.
While some customers have reported positive experiences with 7k Metals, others have expressed concerns about the company’s customer service and delivery times. It’s important for investors to weigh both the positive and negative aspects of working with 7k Metals before making a decision about whether or not to purchase their products.
One factor that sets 7k Metals apart from other precious metals companies is their commitment to transparency and education. The company offers a variety of resources for investors, including educational materials on how to invest in precious metals and regular updates on market trends.
In addition, 7k Metals offers a wide range of products for investors to choose from, including gold, silver, platinum, and palladium coins and bars. This allows investors to diversify their portfolios and choose products that best meet their individual investment goals.
However, some customers have reported issues with delayed deliveries or poor customer service when working with 7k Metals. While these complaints are relatively rare compared to overall customer satisfaction rates, they are still worth considering when making an investment decision.
Ultimately, whether or not to invest in 7k Metals depends on each individual investor’s goals and risk tolerance levels. While there are certainly risks associated with investing in precious metals, many experts believe that they can be an effective way to diversify one’s portfolio and protect against inflation or economic downturns.
For those who do decide to invest in precious metals through 7k Metals or another company, it’s important to do so with a clear understanding of the risks involved. This includes understanding market trends and fluctuations, as well as being prepared for potential delays or issues with delivery.
