A few weeks ago, I was at a business event where people with business opportunities or franchises have different booth to learn more about their particular opportunity. While I was at this event, one booth intrigued me by all the Gold banners. I got closer to the booth and a distributor from Karatbars “pitched” me the opportunity.
I took their business card and decided to do some research on my own and here you have it. The most honest Karatbars International review on the internet because I am not affiliated to them at all. What you are going to learn about this company is the pro’s…the cons and something shocking that I will reveal to you at the end of the post.
Before we get started I just want you to know…
Karatbars International Review – The Company
Karatbars International is the brain child of a man named Harald Seiz who launched this company in 2011 and specializes in selling small gold bars and gift items in gold bullion.
The company headerquarters are located in Stuttgart where they do all sorts of things like marketing, customer service and delivery of their Gold goods. In the last 3 years, this company has expanded into over 70 countries and the vision is to get to 194 countries.
Harald Seiz has been in the financial industry since the early 1980’s and has been very successful. In 2008, He decided to get into the metal business and this is where the magic sparked which lead up to Karatbars International creation!
Karatbars International – The Products
As you can tell so far, Karatbars is one of the few mlm companies that decided to get into the gold business. What this company sells is 1 gram gold bars or bullions which are:
- Certified and Laminated with UV Protected Film
- Valid Trademarked with a stamp
- Assayers signature is on each unit
- Hologram adcorns are on the reverse side of the bar for security and visual appeal.
They are all 999.9 Pure Atakulche bars produced by Atasay, a LBMA GDL Refiner.
When I was at the business event, the distributor was telling me how people can’t afford an ounce of Gold, so with Karatbars you can start buying by the gram. Through Karatbars, the cost of gram is $60 + shipping roughly which beats buying an ounce, but there is a major flaw to their pricing. I will get to that later.
Karatbars Review: Business Opportunity
Like any network marketing company, if you share this opportunity with others, you will get paid a commission. The name of the game is to sponsor as many people as possible to maximize the compensation plan in Karatbars.
Instead of me blabbing away explaining this compensation plan, why not watch it from the best source…the actual company presentation.
Karatbars Compensation Plan:
If you watched that video all the way through, you will know sponsoring people is the biggest way of actually making money in this company. You don’t make much money on the profits on the product. That holds true to any Network Marketing company to be honest so I am not going to hold that against them.
Karatbars International Scam – is this for real?
The company is NOT a scam and far from it. Now, there is a major flaw in the pricing of their 1 gram Gold bars which will raise the question “Why should I buy Gold from Karatbars?”.
The truth is they are selling their Gold Bars roughly 33% more than market value.
Their Gold Cost: 1 Gram (99.99% pure) $60 + Shipping which is another $23.90.
Total Cost to your door: $83.90 per gram (Now if you buy more, you get a shipping price break).
Okay, I went on another reputable site called JM Bullion check this out:
Cost of Gold: 1 Gram $53.50 (99.99% Pure) with FREE shipping.
So in this example, you are paying $30 more for the same 1 gram 99.99% pure Gold.
So you can see why this can be a problem.
To become an affiliate and be successful at sponsoring, you have to invest in the right education period. I don’t care what anyone says. If you’re not investing in yourself, you will FAIL this business.
Network Marketing like any other business out there, you have to put in the work. You will have to develop great people skills and sponsoring skills to be successful.
If you have been hopping company to company and failing… Stop hopping! Get some skills! LOL.
For the people who are tired of recruiting people.
if you landed on this blog post are looking on ways to make extra income from home without bugging your friends or family leaving you in the “no more friends left” club, I have something for you to check out.
I personally banked $80,000 + in the last 9 months doing this…that’s without recruiting a single person. Here is the Free Training you can check out to see if it’s the right fit for you.
In addition to the awesome income, I have made over 40 full time members that quit their jobs…Sooo….It’s VERY powerful stuff and easy to do :).
If you are in Karatbars international, please leave a comment below on your success or something you are challenged with right now in your business. My readers would love to hear from you.
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Bless And Be Blessed,