Founder & CEO: Mr. Harald Seiz
Program Cost: Free to join
Rating: 4 out of 10
My Personal Introduction To Karatbars
I was introduced to Karatbars by a man I met at the gym. We were performing cardio exercises next to each other and started talking. We spoke about work and he told me he had a business opportunity he wanted to present.
I answered I did not want to waste my time if it was one of those MLM’s but he promised it was much more interesting than that. He told me it was about investing in gold which obviously caught my attention. I believe investing in gold can be a good idea since it is difficult to know what will happen to the currencies in the future.
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I met up with this man two days later at a café, not far from the gym. He presented Karatbars (their website) and then we watched an introduction movie. He said it was better to watch the movie than him explaining the business because he did not know so much about the business just yet. He was new to Karatbars.
After watching the introduction of Karatbars, he continued with telling me the only thing I needed to do was to find three people who would like to invest in gold as well.
“Kaching! The coin dropped!”
As soon as he asked me to recruit other people, I understood Karatbars was another MLM business opportunity.
It was just presented a bit more romanticized… He actually offered to pay for my first investment in gold.
Don’t we all want beautiful, shiny gold?!
I politely thanked him and said I was not interested in any MLM business model since I had tried it already with a company called, Nu Skin. They are all based on the same business model – the money is in recruiting which I really dislike doing.
Nu Skin was personally a big failure and I lost a lot of money in the process of trying to become an independent distributor, so I learned my lesson. You can read about my journey with Nu Skin here if you want:
Karatbars would have been interesting, if you could start making money from investing in gold by itself. But unfortunately, this is not where the money is.
Let us take a closer look at Karatbars and their business model.
This is their introduction movie. You have to excuse the misspelling of the word “Englisch” in the title. The company is from Germany so we got a little taste of Germlish in the title^^.
Karatbars International Overview
Karatbars International is a global eCommerce business operation that specializes in selling gold bars. The company is financially secure, debt-free, fully self-funded and distributes these gold bars through its affiliates.
Karatbars claims they are offering a logical, affordable and universal solution to the world’s current debt and currency crisis. The company offers seven ways for affiliates to earn income through its binary compensation plan. More about this further down.
Karatbars’s presentation: “Karatbars International GmbH offers a wide range of products and options in the 999.9 fine gold market space. Our core products are 1g, 2.5g and 5g minted 24 karat gold ingots from LBMA accredited refineries”.
The owner and founder of Karatbars, Mr. Seiz, wanted to offer a way to help people buy gold for less than it costs.
Less than it costs? Hmm….I don’t agree (find the prices of the Karatbars gold further down).
His mission was to bring gold to the masses. He invented a business model, where people could buy gold at a discounted price which made it possible for people to invest the gold and change the currency into a much more valuable and secure investment commodity.
However, there is a but…it always is.. Continue reading to find out more.
The Process Of Buying Gold And How Much Does Karatbars Cost?
Karatbars’s gold is purchased by first completing a simple form online (on their affiliate website), where you also upload your identification. Once the form is submitted, you will receive an email with another form that must be signed electronically and be submitted.
After submitting the documents, a Karatbars International executive will give you a call to discuss options and inform about the process involved in purchasing the right gold for the best retirement benefits.
How Much Does The Gold Cost?
To get a gram of pure 999.9 gold, you have to invest in Karatbars Silver Level which costs $371.49. They start with a Bronze Level but it does not even give you a gram of gold.
Then you have the Karatbars Gold Package which costs $844 and includes 14 x 3% bonus cards, 14 X $106 bonus cards and 2 X 1g gold cards. All prices are in Euros originally but I have converted them to U.S.$$.
Karatbars also has a VIP Package. The VIP package costs $2040.55 and Karatbars claims it to be: A full business in a box. It contains all of the previously listed items but also comes with even more bonus cards, brochures and 3 x 1g gold cards.
As you can see, the Karatbars gold is way over-priced (you can buy gold a lot cheaper at regular gold suppliers). You also have to pay for shipping.
How Can Karatbars Claim Their Gold Is For The Masses?
So how can Karatbars rightfully claim their gold is discounted so low that the masses can afford it?
Karatbars means, they are offering an opportunity to earn discounts when signing up other people. The more people you sign up under you, the cheaper the price of gold becomes.
This is how Karatbars can claim their gold is affordable even for the masses.
Karatbars International – The Good
And The Bad
Pros With The Karatbars Business Opportunity
- Good to invest in a secure source or foundation for the future with the fluctuating currency.
- The value of gold will never go down.
- Good to be able to invest in gold to discounted prices (a somewhat weak statement, however, since I do not know how many people you have to recruit to get the discounted price).
Cons With The Karatbars Business Opportunity
- Based on a MLM business model or pyramid scheme. Only people at the top level can take advantage of the bigger discounts on gold.
- Too hard to recruit like minded people and get them to recruit as well.
- If your down-line does not invest enough efforts into enrolling people, everything fails, and you will not be able to buy gold for a discounted price anyhow.
- The gold is over-priced even to a discount. You have to have such a huge team to receive good discounts.
- Not enough people are seeing the value of investing in gold – they are still not aware of the fact that the currency can lose all its value in the blink of an eye.
- The commission percentages are very low compared to similar competing business opportunities.
- Karatbars’s website needs significant improvements in explaining the compensation plan and for overall user experience.
Now, to the question I believe many are wondering about..
Is Karatbars International A Scam?
Or Is It Legit?
Well, gold has been around for five thousand years and it has also been the world’s currency for 2,800 years. Gold is definitely here to stay and is good to invest in.
However, Karatbars’s business model is what many people call a pyramid scheme or a ponzi scheme.
The people on the top of the pyramid, with the most people in their down-line, are the ones that can buy Karabars’s gold the cheapest and make the “BIGGEST” investments.
But Is Karatbars A Scam? No!
It is a business opportunity like any other MLM company, and if you are seriously good at recruiting people, you can buy discounted gold and invest in it for the future.
Karatbars offers seven ways for affiliates to earn income. These are:
- Direct Commissions
- Unilevel Bonus
- Generation Bonus
- Package Bonus
- Dual Team Bonus
- Karatbars Pool
- Karatbars Gold Fund
I would definitely have jumped on the bandwagon if one did not need to recruit people in order to get the discounted gold. I will probably invest in gold sooner or later but I doubt it will be in Karatbars’s over-priced gold.
How Does The Karatbars Business Opportunity Work And Who Is It For?
The business opportunity is not a way to earn a commission from sales, like other affiliate programs, but to be able to buy gold for a discounted price as you build a team. The bigger team you are building with people under you (your down-line), the more discounts you will receive.
Unlike paper currency, the value of gold will always increase. The more gold you can invest in today, the better prosperity and safety-net you are building for the future.
Your first task is to enroll three like-minded individuals to the program. This is what the man from the gym tried when targeting me. He said, he needed me to build his organization.
When you have your three people signed up, you have to make sure they find another three people to do the same. If the people under you would not manage to recruit, everything fails.
You will not be able to buy the discounted gold which was why you worked your a..* off trying to recruit in the first place. This is absolutely a dilemma and I understand why many people are against Karatbars and their business model.
Karatbars Tools & Training
The training as an affiliate with Karatbars consists of:
- Conference Calls
- Training Sites and Webinars (also available in Spanish)
- Training Calls 2x Per Day – 7 Days Per Week
- Skype and Interactive Facebook Support
The support is through all training models above and also from contact with your sponsor who you signed up with.
The program is not a bad idea. It is just that it is very difficult to find and recruit like-minded people and be able to buy the gold for a good discount. You may have to enroll a really BIG team until the gold becomes discounted enough.
Although, it is great that Karatbars offers an opportunity to invest and build a more secure foundation for the future since we cannot know if or when the paper currency is going to lose its value.
You can also make purchases with the gold cards which is good. They say a converter machine that will convert the gold into cash when you need to make a purchase is coming soon as well.
Karatbars has very mixed reviews online. I believe this is a result of people’s negative feelings towards pyramid schemes. So many people (including myself) who have tried any MLM business, have failed.
The price of failing has also been costly for many since you have to purchase products or pay for monthly memberships to be able to participate in the business.
Karatbars International At A Glance
Founder & CEO: Mr. Harald Seiz
Program Cost: Free to join
Rating: 4 out of 10
EU Support: +49 (0) 711 128 970 00
US Support: + 1 224 829 00 47
My #1. Recommendation To Make Legit Money Online Not Having To Invest In Expensive Gold
Have you heard about affiliate marketing? If not, I am sure you know about blogging or know someone who has a blog. Have you ever wondered how bloggers make their money?
Here Is Where Affiliate Marketing Comes Into The Picture
Affiliate marketing is a proven business strategy to make “real” legit money online. To summarize this business model: You are selling other businesses’ products or services and are making a commission when someone makes a purchase from your website/blog.
You do not have to invent the wheel yourself. Instead, you can just jump on it and sell (or market) products that are already selling.
This model explains it better:
1. You recommend a product or service to people on your website.
2. Some of those people will purchase the product or service based on your recommendation.
3. You get paid a commission for the purchases made from your website.
Note! You are not making the sell directly from your website. You will get an affiliate link with a personal ID that links to the respective product’s website.
You can read more about affiliate marketing in my prior blog post:
This business model really spiked my interest. I had been looking for different ways to be able to work from home and make a good income, while not having to be locked up in an office where I did not want to be, 8 or more hours a day, performing a job I really did not enjoy very much.
I actually found out about affiliate marketing when researching more information about Karatbars, so in that sense, I am grateful to the man introducing it to me. It made me start researching affiliate marketing for real.
If you too are dreaming of becoming your own boss and make a serious income online, you should definitely get going with me as your personal business coach.
Get A Mentor/Personal Business Coach
If you want to get started FAST, you should let a personal mentor/business coach help you. Yes, the business coach is me. I will help you with everything from creating your own blog/website to teaching you everything you need to know in order to become a successful affiliate marketer.
Get in touch with me and I will get you going towards living your dream-life – if that entails having an online business and work from the comfort of your home. I hope to hear from you.
Best of luck and success to you all!
About The Author
Stina Pettersson is originally from Sweden but have resided in the U.S. for the past 6 years. She started her American journey in Miami, Florida, and recently moved to Austin, Texas.
Stina was active as a professional dancer for 21 years but she was forced to slow down her dancing after ACL surgery in both knees. She is now back to her roots, with her beloved horses and also enjoys daily nature walks with her two adorable dogs, Max and Abigail.
Stina has the gift of being able to receive communication from the spirit and extraterrestrial world which she also loves sharing with her readers.
“My main goal is to maintain a flexible lifestyle, where I set my own schedule. Even that I work hard, I love what I do every day. I also have the opportunity to help other people which is a huge gift.”