Karatbars – Is it an MLM scam or an another opportunity?
Let’s see. Selling something very much precious isn’t that easy. And especially Gold!
Yes that’s what Karatbars do. They sell gold bullions of high purity. We can have a quick look for the complete & genuine Karatbars review to check whether it is a scam or another gold scam.
Karatbars International Review
|Company Name:||Karatbars International|
|Industry:||Multi Level Marketing|
|Head Quarters||Stuttgart, Germany|
What is Karatbars International?
Karatbars International is a company that was formed in the German city of Stuttgart in the year 2011. It offers simple and cost-effective ways for those who are interested in investing in the precious metal, Gold.
Is Karatbars actually an MLM? Well, what the company infers them is an e-commerce establishment with an affiliate program. And what’s the difference?
In MLM, you are basically supposed to buy products. But in Karatbars, there is no necessity to buy any products. Even though this is the case, they operate like an MLM. And hence, it would be suitable to call them a network marketing company that sells gold and gift items in gold bullion.
What does Karatbars International Sell?
Karatbars delivers small gold bullions of purity of 24 karat 999.9 % gold. Usually, these bullions are of just 1 gram in weight. They are fully insured and shipped to our address with reliable, and fast delivery. These gold bars are produced at Atasay in Turkey.
Each and every gold bar consists of a trademark symbol and the imprint of the quality checking firm. Hologram stickers are also provided on the reverse side of the plastic card for security purposes.
Karatbars’ Most Popular Products
Classic cards is one of the most popular products of the Karatbars. Classic cards are one gram Gold pieces fixed onto a card of utmost quality.
Why they are so particular about these small sized or weighted objects?
The answer according to them is that such objects are more easy to transact and
makes a potential means of exchange and payment.
Another exciting product from the Karatbars group is the Collector Karatbar.
Collect Karatbars are also cards which have gold nuggets embedded in them. Collect Karatbars are for those crazy collectors. Their special collections include those in name of famous athletes, historical events and of famous celebrities.
Some of them are also limited editions, and their price would definitely rise over time.
How much does it cost to join Karatbars?
There is literally no cost to join Karatbars International, or it’s absolutely free! And in case if you wish to buy any compensation, then you will be needing to buy one of the starter packages under their plans.
Their different starter packages of the Karatbars International group are:
- Bronze ($135),
- Silver ($ 350),
- Gold ($800),
- VIP Package ($2000)
The packages is what determines the amount you will earn per cycle.
For example, with the Bronze package, you will earn about $10. With the VIP package you can earn over $100!
Is Karatbars a scam or another MLM opportunity?
Karatbars sells a genuine and legitimate product. They are registered under the WTO (World Trade Organization). Also, they have strictly followed the rules and regulations the gold industry demands, till now! And hence, it is definitely an opportunity but there are far better opportunities out there.
According to Inc.com, Karatbars’ revenue is estimated to be between $10 million to $100 million. Karatbars International have about 5 lakh distributors which is spread over the globe.
Karatbars sells gold bars and gift items in gold bullion in the following denominations:
- One gram
- 2.5 grams
- 5 grams
And if you are planning to exchange your gold back for currency, you can do so with Karatbars at their “daily guaranteed buyback price” or at any registered K-Exchange centre.
Read more to know about other MLM Company Reviews
Karatbars Compensation Plan
The seven different ways through which an affiliate can earn income from the Karatbars’ compensation plan are through the given below processes:
- Direct commissions
- Unilevel Bonus,
- Generation Bonus,
- Package Bonus,
- Dual Team Bonus,
- Karatbars Pool,
- Karatbars Gold Fund.
Here, the package commission is paid out to the affiliates each time they sell a new package to an affiliate they have recruited. And it is as given below:
- Silver package commission: $26
- Bronze package commission: $60
- Gold package commission: $150
- VIP package commission: 20% or $400
There are mainly 12 affiliate ranks in the Karatbars’ Compensation Plan. The independent business owners or the affiliates get a fixed percentage of the amount as the unilevel commission based on their ranks, whenever the agents below them spent money.
For instance, the lowest rank holder, Distributor, doesn’t qualify for unilevel commissions.
But the affiliates with ranking above the Distributors can generate a unilevel commission between 0.5 – 5.5 % depending upon their respective ranks! The commission percentage increases by 0.5% with each rank increase. And in binary commission it is offered in a binary format, which is paid out generationally.
For example, if an affiliate’s team achieves 50 units in sales (the Bronze package, for example, is 50 units) on one leg and 25 units on the other leg, then they are eligible for a commission of:
- 40 EUR – if someone from their downline purchases a package of Bronze
- 60 EUR – if someone from their downline purchases a package of Silver
- 80 EUR – if someone from their downline purchases a package of Gold
The above mentioned are the main forms of payout procedures followed in the Karatbars compensation plan.
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Some Cons of Karatbars International
Karatbars Gold is overpriced compared to its other competitors in the sector. Apart from the higher amount, they also charge an amount as shipping charges.
The earnings projected by the company seems a little exaggerated and unrealistic.
There are a lot of negative reviews about Karatbars International out there in the internet. So it’s always advisable to think twice before opting for any decision
After going through Karatbars review, we hope you got a crystal clear idea about this MLM Company. Expanding your MLM portfolio by adding one of the precious metals that we have on this earth is always a wise decision.
Karatbars International is one of the rare MLM companies which offers Gold as their product. But if you are entering into this sector for reaping the maximum benefits, then there are a lot of other better options out there.
Yes, definitely karatbars do have a lot of their own positives like excellent training, premium quality product etc. But it is advisable to research on the other options available in the MLM thoroughly and choose the best one which is apt for your successful MLM career.
To succeed in your MLM business, it is the need of the hour to build an MLM software, so that you can manage your network marketing business smoothly.