World Financial Group is a program where you are going to be selling products to people and promoting the website itself. Now, the compensation plan does look tempting but in this review, we are going to discuss if this website is worth your time or not.
Multi-Level Marketing (MLM) Networks are fast gaining popularity these days. If done well, it has the ability to make a person rich in no time.
However, finding an MLM network that actually works is where the majority of people struggle. World Financial Group is one such place that tries to solve this problem, by providing a dependable MLM solution.
But is the World Financial Group a good option when it comes to making money online? Let’s find out!
Website URL – http://worldfinancialgroup.com/
What Is The World Financial Group?
Put quite simply, the World Finacial Group is a Multi-Level Marketing (MLM) Network that focuses on financial dreams and offers to ‘ teach basic financial concepts to everyday people’.
Basically, the website provides a few services related to the financial field. These services can broadly be divided into three segments –
- Savings
- Protection
- Retirement
Founded in 1991, the website makes these services available to its members. One thing to notice is that the platform is available to only U.S. and Canadian citizens.
Like any other MLM network, the members have the responsibility to refer new people who subscribe to these services. For every referral, the user/member is paid a fixed amount.
This cycle continues and is the primary way to generate income through the World Financial Group.
How Does It Work?
To get started, you need to make an account on the website first. There is no easy way to make an account and you need to contact the website to create your profile.
This is a very tedious process. After this, you will be required to pay an initial membership fee of $100. You will then be verified. Post that, you will be required to attend the meetings, pieces of training and seminars, at one of their offices, to learn about the products.
After this, you will be required to clear an exam – Life and Health Insurance State Exam (U.S.A.) or Life Licence Qualification Program (Canada). If you pass the exam, you will be required to buy the appropriate license to start your practice, and also pay some admin overheads.
All this will cost you around $500. After this, you can start using the platform to earn money.
All you have to do is to refer people and convince them to buy the product. The more you sell, the more you earn.
The Compensation Plan
The website has divided the membership at 4 different levels. These are described under –
- The Training Associates – 25% of sales as commissions.
- Associates – 35% of sales as commissions.
- Marketing Directors – 50% of sales as commissions ($60,000 to $100,000 annually).
- Senior Marketing Directors – 65% of sales as commissions ($100,000 to $240,000 annually).
The compensation plan on the World Financial Group is deep and you need to be clear about it before you go ahead and commit yourself to this program.
Pros
1. The website is a well-reputed brand. It is trustworthy, making it all the more easy to sell the products.
2. The commission rates are good. You have the potential to earn $240,000 in a year(provided you make any sales with this program).
3. They have some good financial products.
Cons
1. Signing up on the platform is not easy, and takes a lot of effort and time.
2. You need to invest at least $500 and clear an exam to become eligible for the service.
3. You need to pay a membership fee of $100. The more money you spend, the more you are going to be able to make with this program.
4. The website is available for only U.S. and Canadian citizens.
5. There is more focus on recruitment and less on selling the actual products.
Would I recommend this website?
World Financial Group is a typical MLM where you are encouraged to sell the membership of the website. The website is not going to help you understand anything about Internet marketing hence it would be difficult for you to sell anything from this website.
The website has no valuable products of its own and the fact that you are just selling membership to someone else with the promise that they would be able to make money from it by selling it again to someone else is just unethical.
If the product has some value or use then it isn’t but if it’s just a membership to a program that provides no value then I see no point. There is a very fine line between ethical Internet marketing and Unethical practices.
MLMs try to blur that line, especially for beginners so that you are never able to tell the difference and join a program blindly. If you want to make serious money online then you should get started with a course that teaches you how to do so.
WFG is very vague and all it says is that you need to promote its products to make money. Well, in order to sell a product you need to know something about IM and that is just not mentioned on the website.
Basically they do not care as long as you are getting referrals and you are persuading people to join this program so that they can make money off you while you live in this delusion that you are going to make money in the future.
Conclusion
World Financial Group is not a website I would recommend anyone who is interested in making money online. If you want to get serious about making money online then you should check out all the legit options out there and stay away from MLMs.
People end up losing money to MLMs and there are barely any people but the owners who make money from such SCAMS. Save your time and money and join a training that would actually help you make serious money online.
If you are serious about making money online then you can get started with affiliate marketing. I got started the same way and I can say that it is probably one of the cheapest ways to get started online for a beginner.
The course I joined does not require you to have any coding skills, and neither do you need to have an inventory. You can get started at an introductory offer of $19 a month and if you want a free trial you get that as well!
The course that I joined to learn affiliate marketing was Wealthy Affiliate. One of the reasons I went for it was because it had worked for many people in the past and it was affordable so I had nothing to lose.
You can join in the trial period and upgrade to premium within 7 days since it would just cost you $19 for the first month.
Inside the course, you would get a step by step training on how you can start your online business. The course is easy to understand and follow, apart from that, you would be able to get my personal opinion on your websites.
I could help you choose a profitable niche that can make money within 3-6 months. This might sound like a long time to make money, but that is how long it takes for any website to get off the ground.
You need to be consistent and put some effort into making money online. There is no ‘get rich quick’ scheme that works, and if it did, then everyone would be doing it, and no one would waste time working hard.
So, check out Wealthy Affiliate if you are interested in making a full-time income online. You can get started for FREE today!
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If you have any questions about this course, then let me know in the comments below, and I would be happy to help!
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