{"id":16933,"date":"2021-11-12T19:10:01","date_gmt":"2021-11-12T18:10:01","guid":{"rendered":"https:\/\/setaffiliatebusiness.com\/?p=16933"},"modified":"2024-02-02T18:01:56","modified_gmt":"2024-02-02T17:01:56","slug":"is-7k-metals-a-scam","status":"publish","type":"post","link":"https:\/\/setaffiliatebusiness.com\/cz\/is-7k-metals-a-scam\/","title":{"rendered":"Is 7k Metals a Scam?"},"content":{"rendered":"

You are looking for ways how to invest in precious goals and now you are wondering whether the 7K Metals is a legit company? <\/p>\n\n\n\n

I am glad you are doing your research since these days it is easy to get scammed. <\/p>\n\n\n\n

Is 7K Metals a scam? <\/p>\n\n\n\n

Right off the bat, I can tell that it is not a scam.
But is it possible to make money with 7K Metals? <\/p>\n\n\n\n

The answer is not that straightforward and in the following review, we are going to explain how it works, how much one has to invest, and what is the earning potential. <\/p>\n\n\n\n

I believe you are aware that this is a Multi-Level Marketing company, so someone might also ask, whether this is a pyramid scheme<\/a>. <\/p>\n\n\n\n

So, let’s get right into the review.<\/p>\n\n\n\n

Disclaimer<\/strong>
Please note, that I am not a member or an affiliate of the 7k Metals. <\/em><\/p>\n\n\n\n

This review is based on research and information available online in the public domain. <\/em>
Any recommendations and conclusions are only opinions and may not apply to all persons or situations.<\/em><\/p>\n\n\n

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7k Metals Review – Summary<\/h2>\n\n\n\n

Jm\u00e9no: <\/span>7k Metals<\/span>
Website: <\/span>www.7kmetals.com<\/span>
Price to Join: <\/span>$199 per year or $499 + Monthly Fees (From $105 to $179)<\/span>
Recommended:<\/span> Not really<\/span><\/p>\n\n\n\n

7K Metals is a network marketing company that sells gold, silver, coins, and precious items. Its members can purchase the products for a discounted price and sell them outside the company.
7K Metals operates only in 7 countries and anyone from these 7 countries can become an associate as soon as he or she has a sponsor. <\/p>\n\n\n\n

Apparently, it is possible to make $7,000 per week, however, in real life, this is not so easy.
(More in the section concerning Compensation Plan). <\/p>\n\n\n\n

Compared to other MLM companies, 7K Metal is actually one of the better ones. and their members can earn without doing too much recruiting. <\/p>\n\n\n\n

But still, the “real money” is in recruiting.
If someone doesn’t like the idea of bothering their families and friends, it is necessary to learn how to attract people online. <\/p>\n\n\n\n

That means, social media, website and organic traffic, YouTube, or any other online channel. <\/p>\n\n\n\n

With such skills, though, one doesn’t have to be part of any Multi-level marketing and can become an independent affiliate marketer where the earning potential is much higher. <\/p>\n\n\n\n

For more detail check the Alternative below:<\/p>\n\n\n

\n\nSee Better Alternative<\/a>\n\n<\/div>\n\n\n

<\/p>\n\n\n\n

Sign up for Free and I will guide you through the platform.
No Credit Card Needed – Just your email.<\/p>\n\n<\/div><\/div>\n\n\n

<\/p>\n\n\n\n

What Is 7k Metals?<\/h2>\n\n\n
\n
\"Is<\/figure><\/div>\n\n\n

7K Metals is an MLM company, dealing with investments in precious metals. It is a US-based company that has been registered in 2016.
Members of 7K Metals are allowed to purchase the metal for reduced prices. <\/p>\n\n\n\n

They have the opportunity to sell the metal and enroll new members. <\/p>\n\n\n\n

It sounds very promising since the value of precious metals like Gold and Silver keeps rising. <\/p>\n\n\n\n

But how it really works and what is the earning potential.
If you are a bit familiar with MLMs, you know that 99% of people lose money. <\/p>\n\n\n\n

Is it the case with 7K Metals as well? <\/p>\n\n\n\n

Compared to other MLMs, you don’t need to have that many associates underneath you.
But still, it is not an easy job to recruit others. <\/p>\n\n\n\n

We are going to check the Compensation plan in a minute, so you will have enough information to determine whether or not this is for you. <\/p>\n\n\n\n

What Else Do We Know About 7K Metals? <\/h3>\n\n\n\n

Sometimes the information about the date when a certain company started is false.
That’s why I always check the website registration date. <\/p>\n\n\n

\n
\"Is<\/figure><\/div>\n\n\n

As per the screenshot <\/a>above, we know that 7K Metals started in 2016.
So everything is fine here. <\/p>\n\n\n\n

The company is based in the USA, Idaho, and here is proof that they do have a brick-and-mortar office (headquarters).<\/p>\n\n\n

\n
\"Is<\/figure><\/div>\n\n\n

7K Metal has expanded and it is active in 7 different countries including North America, the EU, and Asia. <\/p>\n\n\n\n

Founder of 7k Metals<\/h2>\n\n\n\n

This MLM company is co-founded by Roger Ball, Zach Davis, Richard Hanses, and Josh Anderson. <\/p>\n\n\n\n

Zach Davis started to work for a network marketing company where he was still a student.
Since then he has encouraged thousands of people to get involved in MLMs. <\/p>\n\n\n\n

Since November 2016, he has been a Co-Founder of 7K Metals. <\/p>\n\n\n\n

John Anderson has also many years of experience with MLMs. As a matter of fact, he got involved with his first MLM company when he was only 21 years old.<\/p>\n\n\n\n

Is 7k Metals a Pyramid Scheme?<\/h2>\n\n\n\n

Let me tell you right away, that 7K Metals is not a pyramid scheme (at least it doesn’t appear so far).<\/p>\n\n\n\n

But just to be sure, let’s take a look at what is a Pyramid Scheme according to the FTC<\/a>.: <\/p>\n\n\n

\n
\"Is<\/figure><\/div>\n\n\n

Let’s briefly go through typical signs of a pyramid scheme.<\/p>\n\n\n\n

    \n
  1. Get rich quick promises<\/li>\n\n\n\n
  2. Recruit Recruit Recruit<\/li>\n\n\n\n
  3. No tangible products <\/li>\n<\/ol>\n\n\n\n

    <\/p>\n\n\n\n

    Regarding the 1st point (about earning fast money), I have not seen such a statement on their website.
    So far so good. <\/p>\n\n\n\n

    How about the 2nd one, regarding the huge emphasis on recruiting?
    We will see in the compensation plan, that recruiting is important in order to make money within 7K Metals. <\/p>\n\n\n\n

    But it is not the only way and we are getting to the 3rd point;
    7K Metals have a lot of products to sell and there is naturally a certain demand for these products, gold, silver, coins, etc. <\/p>\n\n\n\n

    So even though there is a slight sign of a pyramid scheme I believe it is safe to say, that 7K Metal is a legitimate MLM company. <\/p>\n\n\n\n

    Also, it has been around since 2016, without any legal issues (not that I am aware of ) so good for someone who is interested in joining the company. <\/p>\n\n\n\n

    Who Is the 7k Metals For?<\/h2>\n\n\n\n

    7K Metal is intended for people interested in investing in gold and silver.
    People looking for financial security realize that keeping cash in their bank accounts is not a good idea.<\/p>\n\n\n\n

    Those who become 7K members have access to silver and gold for wholesale prices.
    That is at least, what they claim. <\/p>\n\n\n\n

    So basically this opportunity is for anyone interested in precious metals.<\/p>\n\n\n\n

    It is also important that the company doesn’t operate worldwide. <\/p>\n\n\n

    \n
    \"Is<\/figure><\/div>\n\n\n

    It is limited to certain areas only, and as of this writing the company is doing business in the following countries: <\/p>\n\n\n\n