Founded in 2005 and headquartered in Toronto, Canada, Global Wealth Trade is a jewelry and fashion company that provides designer lines of jewelry, handbags, shoes, and accessories.
The company, whose mission is to become the number one designer brand globally while at the same time providing an opportunity for individuals to achieve significant wealth, operates in over 80 countries and generates between $1 and $5 million in global revenue each year.
Global Wealth Trade offers a $300 gift certificate to consumers who take a tour and fill out a short survey. The gift certificate can be used on Feri purchases of $600 or more.
However, there is a limit of two items per order. Additionally, the gift certificate cannot be used for Posh and Feri Mosh products and cannot be combined with any other promotion and/or offer. Layaway options are available to customers.
Global Wealth Trade utilizes a free-flowing variable compensation plan designed to eliminate common obstacles associated with receiving earned commissions and bonuses. Distributors are given six ways to earn an income in the binary plan.
Global Wealth Trade pays out up to 60 percent in retail sales commissions with no restrictions in ranks or qualifications.
In addition, the company will pay distributors $50 for every product package membership sold to a personal referral and a business development matching bonus of up to 10 percent of the commissions earned by first and second level distributors in the enrollment tree.
Distributors also have the opportunity to earn free vacations, luxury cars, and shopping sprees. Commissions and bonuses are paid on a weekly basis on the company's own Visa card.
Global Wealth Trade provides a "Business In A File" USB key that includes training materials as well as a startup package.
There is also a Global Wealth Trade virtual back office that offers additional promotional materials designed to aid distributor retail sales.
Global Wealth Trade has the rights to an MLM/DS university called The Forensic Networker as well. This university option is meant for those who want to make residual income through Global Wealth Trade/MLM services long-term.
The minimum cost to join Global Wealth Trade as an independent distributor is $169. However, starter packages go all the way up to $3,099. This is a significant upfront investment that some consumers may not be comfortable making.
It is not very easy to shop as a consumer or sign up as an independent distributor on the company's website because individuals are required to know the name of a sponsor in order to set up an account. The company does not automatically assign a sponsor to individuals that do not have the information of an already-enrolled distributor, which can make the process frustrating for these individuals.
Global Wealth Trade has not disclosed its product prices. However, the company does state that its products are luxury, which probably means that they have higher price tags.
It's all a charade! Don't get me wrong, the jewelry looks pretty, all the other stuff as well however, everything is way overpriced. They try to sell you a dream that you will be earning high profits and possibly a millionaire; out of hundreds of thousands of distributors, there's probably less than 200 people in this organization that earn any significant income (that includes, the owners, his brother and some who started early or launched new countries). Unless you are the first to introduce this to a country, you aren't making anything. So you have a less than .002 chance of making money there! Oh and yes their distributors buy their way to certain ranks! So it may seem like they have a lot of money but they could have taken out a loan to do this for all you know. Distributors pay such a high price on the products that they really can't make any real profits when they resell. As well, they want you to auto ship on their stuff, really??? How realistic is that when people have to decide between their bills and stuff? They will also hound you if you are late with those auto-ship payments!
Compensation is ranked # 1. For the 1st time in the history of direct selling that a Free Flow Variable compensation plan is being offered. Thanks to our generous CEO