Global Wealth Trade Review -Is Global Wealth Trade a Scam?
Welcome to our Global Wealth Trade Review!
This article is about the Global Wealth Trade Review. Before you become a member of any company, it is always beneficial to go over reviews and analyze if the company is legitimate or not. You do not want to put your time into waste.
In fact, reviews help the customers trust the brand as well as giving insight to the people. Loyal customers even leave positive remarks and recommend it to their friends through referrals.
Global Wealth Trade is a Multi-level Marketing Company, a brand for items that sell at luxury prices.
If you can afford to really buy expensive bags and other accessories then you are in the right place. Before anything else, let me congratulate you on spending some time to do some research before investing in a company.
I understand that it is sometimes enticing and hard to resist when the company offers good programs. I will also provide some company background as well as the compensation packages and programs offered to members.
Well, we may have been recruited by successful and satisfied members of this multi-level company but before investing your hard-earned money, it is advisable to conduct some study and research if Global Wealth Trade is a scam or not.
Although there are many ways to make money online, not all can actually give you the opportunity to generate decent income.
I am not selling any product or membership of any multi-level marketing company but instead, I am here to provide reviews about them and help you to decide if joining and becoming one of the members will be beneficial.
Global Wealth Trade Review Summary
Product Name: Global Wealth Trade (Opulence Global)
Owner: Ramin Mesgarlou
Industry: Multi-level Marketing
Products: Fashion, Beauty and Health
Headquarters: Headquarters in Canada with International Branches
What is Global Wealth Trade Company?
Global Wealth Trade was established by Ramin Mesgarlou in Canada. I am quite sure that you have heard of Mary Kay and Avon who had been promoting beauty products and promotes a healthy lifestyle from slimming coffee to dietary supplements but this company.
Global World Trade is basically following its footsteps except that it promotes luxurious life as they sell various products with hefty prices.
The company aims to become a major designer brand in jewelry, handbags, shoes, belts and accessories while offering an opportunity for individuals to make money and achieve financial freedom.
Based on my analysis, the multi-level business model is beneficial to the company as it is promoting its brand through word of mouth and to its members that aim to earn money from the company.
Those who wish to join the Global Wealth Trade network must understand that they need to sell to be able to really gain from the company.
As a member, you need to have the right network that will patronize the product. Again, you must understand that this company is for a certain niche. Not everyone can actually enjoy the benefits they offer.
While the company has been in existence for almost 15 years, they have experienced significant growth in the business world.
Their carrying brands had started to flourish but not as popular as the leading brands and yet people pay for exaggerated prices for their products.
Fly by night MLM companies do not usually put so many details on their site.
Global Wealth Trade Company has a lot of details including the executives who work behind the company.
They have complete information on their website so we can conclude that this is a legitimate company.
In 2018, the Opulence Global website started but still carries the Global Wealth Trade abbreviations. It offers the same line of products such as clothes, shoes, belts and accessories.
Although the website is now under Opulence Global, it still bears the trademark of the previous. If you explore the website further, you can compare the executive line-up of Opulence Global and you will notice that it is almost the same as that of Global Wealth Trade.
Global Wealth Trade Product Reviews
Global Wealth Trade offers three product categories. Fashion includes cloths, bags, wallets and accessories. They also provide their customers products for care and maintenance such as ring trays and shoehorns.
Likewise, they promote Personal Care which includes hygienic products such as shampoo and hair conditioners. Facial cleansers and lip treatments are under this category.
Finally, their flagship product of Global Wealth Trade is the Fountain of Life (FOL). The Fountain of Life is a supplement that claims to content lignans that can be found in wheat.
According to the company, the Fountain of Life derived lignans sources from dwarf wheat. The supplement they offer is for those individuals who are searching for high quality functional food diet.
I believe so, because the price was so costly that only few people would buy or perhaps try.
If it is from Global Wealth Trade, we know that their price is not easy on the pocket. The product cost is exaggerated and yet, there are still many individuals who patronize it to earn points from their membership and enjoy the rewards.
I made a research about the quality of the products but I cannot find any reviews from the internet.
Usually, satisfied customers would recommend the products to their friends or colleagues no matter how expensive the product will be as long as the quality is good. You will definitely find at least an article that recommends their products.
Unfortunately, the only product reviews you can find online for Global Wealth Trade are the ones posted on their website.
The company is the carrier of the following luxury product brands.
Posh – rings, earrings, necklaces, bracelets and the likes
Feri – high-end accessories that includes silver coins, leather bags, belts, wallets and the likes
Mosh Ferri – features luxury shoes and bags and other high-end products like 19K-21K gold. This also includes their bridal collection.
Fliwlees Feri – includes skin care and beauty products which were added after rebranding to Opulence Global.
How to Generate Income with Global Wealth Trade
There are two ways to earn in their company. The distributors or Luxury Consultants, the term the company uses for their distributors.
Definitely, you will need a sponsor to be able to become a member.
Most members are taking the lowest plan and would want to earn by selling the products to their colleagues.
The prices of the products are quite expensive and by carefully choosing the right people, you can generate income by selling the products at suggested retail price (SRP).
Yes, just by selling the products, the members can actually earn commission from the sales.
Another way of earning that entices people to join the company is by inviting a referral as Luxury Consultants or distributors.
n doing so, they also earn from the sales of their network.
Depending on what type of membership, the perks and benefits may vary. In short, there are levels of membership depending on what category you belong
Aside from that, they will also get commissions, bonuses and various incentives if they start recruiting for prospective members.
As a Luxury Consultant, your task is not only limited in the online world. Of course, inviting your friends using different social media plat forms is beneficial but traditional invitation by word of mouth is quite effective.
You need to assess your prospects if they can really afford branded products.
Retail Commissions are earned from selling their products. Once you sold an item from Global Wealth Trade, you automatically get 30% commission.
Imagine the price of the branded items and you get the share of 30%, then that can be a really decent income. Aside from the usual commission, you can also earn from Global Revenue Sharing Pool.
This revenue is based on the entire volume of sales in their international market. There is also a commission if you reach Royal Lifestyle or Presidential Lifestyle Directors status.
This commission is exclusive for the directors and is based on the volume of sales that their network reached.
Will there be any benefit from inviting people aside from the commission? Yes, of course. You will automatically earn recruitment bonus based on the number of your new recruits, the earning may vary depending on the membership they chose.
If they opted to take the Promoter Package, you can get $35. If they chose to take the Advisor Package, you can earn as much as $105 per recruit.
They also offer binary compensation plans as a residual bonus.
If you are to observe their income generating options, it is really quite promising. How to earn and make money from the company is also quite easy to understand.
Unlike other MLM companies that are too complicated, theirs are very simple.
That is a good sign of a legitimate company where they want their members to understand how their income is computed.
No wonder that some individuals can really earn a decent income from Global Wealth Trade.
WANT TO LEARN HOW I MADE $10,000 PER MONTH?
How to Become a Member of Global Wealth Trade
Because the company is known for luxury product, do not expect that the membership is easy on the pocket.
The Retail Membership that entitles members of a 20% discount will cost you $214. Again, $35 goes to your sponsor or the person who invited you.
Lifestyle Promoters will cost you about $483. This kind of membership offers you the opportunity to have an access to the Global Level Marketing.
Aside from that, you will automatically get 25% discount on all their products.
If you have more money to invest, then you can go ahead and be a Lifestyle Advisor which will cost you $1,394.
You will earn 30% from all the products being sold by the company plus the opportunity to enjoy the compensation plan of the Multi-level Marketing .
Although Global Wealth Trade offers good compensation program, to become a member may cost you a lot of money.
If you are a regular user of the product and you really patronize their brand, then there is a lot to gain.
If you are to change your purchasing behavior just to earn from their program then you must think twice. Remember that the payment for the membership has no guarantee that you will really earn from the company.
WANT TO LEARN HOW I MADE $10,000 PER MONTH?
Is Global Wealth Trade a Scam?
Actually, the Global Wealth Trade, now Opulence Global, is a legitimate company. Again, they are real company that offers real products but with an exaggerated price.
Because there were no reviews of the products except from their pages, I may say that the reviews are biased.
Remember that not all legitimate companies, no matter how their compensation package and program offerings, it can never be an assurance that you can replicate their successful members.
At the end of the day, you should be careful in becoming a member of any luxury brand MLM companies as it can waste both your time and money.
Global Wealth Trade sponsors that I know would actually teach the new recruits on how to market the product.
I also knew people who actually earn from the company but the question is the amount of money they have invested in the company?
Are they really earning or are they making the company richer?
As a matter of fact, if you will ask me about the legitimacy of the Global Wealth Trade, I may say that is a legitimate company.
Can You Make Money with MLM?
Can you really make the big money? The short answer is yes. However, most people don't.
Anybody can become an MLM consultant and start selling regardless of whether or not they have sales experience. As long as you can afford the starter kit — which typically cost $50 to $200 - you own a business.
However, according to an Inc.com article on direct sales, the median income for an MLM rep is about $2,400 per year.
The statistic has also shown that the loss rate for all these MLMs ranged from 99.05% to 99.99%, with an average of 99.71% of participants losing money in an MLM.
Many people who are trying to recruit you tend to advertise a glamorous life full of flexibility, passive income, fire your own boss and be your own boss. What they don’t say is that the chances of making a six-figure salary or even a full-time income at all are extremely low.
Recommendations and Verdict
Global Wealth Trade as an MLM company really offers good compensation package and programs.
However, the main concern here is the membership fee. If you really want to earn and make money, you need to stay away from this MLM Company.
The membership is quite expensive. I will not spend a single dollar if I have no assurance that I will actually earn from it.
Although there are many members who were able to receive decent income from the company, we must ask them in return, how much money did they shell out to reach that status of earning good income from the company?
I find it not practical for individuals to invest for such an amount to the company.
If I will have enough money to join MLM, Global Wealth Trade will not earn my trust and recommendation.
As for me, it is okay that you pay a bit higher as long as there is a product support and likewise product is of good quality.
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