Check out this in-depth National Wealth Center Review to find out if this program is a scam or the right place for you to make money.
National Wealth Center Review
PRODUCT NAME: National Wealth Center
Price: $25/month – $100/month; $250 – $7500 One-time fee for some products
Overall Ranking: 10/100
Owners: Peter Wolfing
Verdict: Scam
Our Recommendation: This is another product-based pyramid scheme where 99% of distributors do not make any money. If you want to build an online business that will make you money, check out my top recommendation.
An Overview of National Wealth Center
I have never hidden my disapproval of the Multi-Level Marketing (MLM) business model on this site.
I feel even more strongly against MLMs that forcefully emphasize recruiting people over the quality of the products they offer. Some of these MLM programs do not even offer any real products and are only able to lure people in with the fact they could get high commissions if they are able to recruit more people. This is exactly where National Wealth Center fits into.
This program reminds me of a program I ran into sometime near the end of 2014. The name of the program was WakeUp Now (WUN) and in fact, my experience with this company played a huge part in the creation of this site.
They show you fancy cars and hotels. They convince you could purchase top quality products that you use in your everyday life with your membership – things like groceries, clothes, shoes, etc. They promise you the world and tell you that you will not only save money but also make money. The people doing the presentations sound like genuine people that truly care about you.
I had never tried to make money online before running into that ad on a listing site on one fateful night in December 2014. I was completely unsuspecting of the company initially and was 100% ready to join the company.
It was down the line during my conversations with the guy who posted the ad and his mentor, I noticed how pushy they were for me to sign up and realized that they were more interested in growing their downline than they were in helping me make money. It was at this point, some doubts started to creep in and I decided to look up reviews.
To cut the long story short, it was a scam. WakeUp Now has closed down since.
There’s a very good chance that you are in the exact same position I was back in 2014.
You are tempted by National Wealth Center and it is presenting itself as a real opportunity for you to make money. Stop thinking about it, it is a scam! It is actually in no way different from WakeUp now anyway.
WakeUp now closed down, so what makes you think National Wealth Center will not close down? By the way, when these programs close down, the owners and the people near the top of the pyramid are hardly affected. They would have made enough money at that point to even start up a new pyramid, and they almost always do this.
The burden usually falls on the people closer to the bottom of the pyramid who have earned close to nothing and will not earn anything, even though they have dished out thousands of dollars to the program.
What is National Wealth Center?
National Wealth Center is a pyramid scheme that promises to help you make money and save money. NWC is actually an updated version of another program Peter Wolfing created back in 2009, Infinity Downline. National Wealth Center is a scam.
If you want to ignore pyramid schemes and learn a more ethical way of making money online, please check out my top recommendation below…
My #1 Recommendation for Making Money Online
Pros
- It is possible to earn huge commissions. Possible, not probable!
- They pay their commissions on time
- The owner’s identity is not hidden
- They don’t tell you outright lies in their sales video
Cons
- It is a pyramid scheme
- Pyramid Schemes are illegal, and most end up shutting down
- There are no products that offer any real value
- It is going to be HARD to earn commissions off this program
- It is not a long-term business model
- They mask the truth of what you actually have to do to make money with this program
Who is NWC For?
National Wealth Center is suitable for already experienced Multi-Level Marketers. It is certainly not the place for beginners to try to start making money online. I recommend beginners try this program out for free, instead of having to throw some money out to NWC before they really know what they are getting themselves into.
National Wealth Center Pricing
National Wealth Center has 7 products altogether: 3 monthly subscription products and 4 one time payment products.
Here is a brief summary of each of the products…
(1) Self Development – $25 per month
“We offer powerful self-development through our robust audio library. Think of self-development as an investment in yourself. If you put one hundred dollars in the bank each month starting when you are twenty you can be a millionaire when you retire. Personal development works exactly the same way. Investing a small amount of your own time, money and energy into yourself will give its return in terms of more courage, self-discipline, and a better life. Pursuing personal development is one of the most important things you can decide to do in your life.”
(2) Business Development – $50 per month
“In general, business development will identify and create partnerships that enable leverage for driving revenue, distribution or that enhance the product. Whether you have an online business or traditional brick and mortar the NWC will deliver the ongoing training you need to turn your passion into profit. Learn the power of a brand, how to communicate that brand to the world and so much more.”
(3) Wealth Development – $100 per month
“Wealth Development puts the icing on the cake as far as our three monthly products go. Once inside, you will receive various monthly tips and techniques for making money, saving money and managing your money. Learning how to properly manage your money is literally securing your financial future. Ask yourself, what does the future look like?”
(4) Fitness Advantage – $250 One-Time Fee
“For many entrepreneurs, it’s easy to ignore the warning signs that you’re unhealthy-much less take notice if your business isn’t well. On the inside of Fitness Advantage, you will receive life essential complete fitness and lifestyle healthy meals plans, workout plans as well as fitness empowerment and motivation to help you in your health journey.”
(5) Wealth Advantage Elite – $1,000 One-Time Fee
“Countless numbers of people who have established a financially-secure future have chosen to invest in the forex market or buy and sell real estate. Wealth Advantage Elite is like video training ON DEMAND providing the advantage you need in the forex, stock market, and real estate arena. Plus receive various money making and saving strategies.”
(6) Network Marketing Elite – $3,500 One-Time Fee
“You think you know, you have no idea!. Our Network Marketing Elite package will teach you from A-Z how to achieve massive success online. Our CEO, Peter Wolfing has over 20 years of experience in the industry and shares his secrets exclusively as your personal video coach on demand. This training will get you through the “no’s”, help you push past the ones who “quit” and serve as a powerful source of inspiration in your journey as a network marketer.”
(7) The Vault – $7,500 One-Time Fee
“The place where everything we offer is archived in one place for you to access 24/7. Over two decades of wisdom and knowledge on various topics including Self Development, Finances, Network Marketing, Health & Fitness, Building Your Credit, The Stock Market, Investing, Real Estate and so much more. It’s an all out synergy of information that will raise your level of impact, influence, and income for generations to come.”
In addition to the costs displayed above, you will have to pay
- A $19.95 per month administration fee for monthly subscription products
- A 10% administration fee for one-time payment products
How Does NWC Work?
The business model applied at National Wealth Center is actually very simple to explain. You are going to make commissions by selling the 7 NWC products available. There is a catch though. To qualify for commissions on the sale of a product, you first need to own the product! For example, you must buy the $7500 “Vault” product to earn any commissions from the sale of this product.
This would be fairly easy to do if the products offered any real value and gave away any information that wasn’t already available for free on the internet. The truth is: No one really gives a rat’s arse about any of the products. They only purchase the products to stand a chance of making 100% commissions of the resale of the products.
NWC Compensation Plan
Instead of having me explain the technicalities of NWC’s compensation plan, I’m going to offer you something better. Who better to explain NWC’s compensation plan than NWC themselves?
Closing Thoughts
National Wealth Center makes an attempt to distance themselves from being classified as a pyramid scheme by offering a few products. They remain a pyramid scheme however because people are not lured to join National Wealth Center because of the quality the products they offer, but only join because they stand a chance of making huge commissions by recruiting people into the program.
The reason most pyramid schemes shut down is because, at some point, the people in the downline do not find any more people to recruit into the program. The pyramid is forced to crumble, and the burden of the hit is felt strongly by people at the bottom of the pyramid.
Multi Level Marketing is not as straightforward as recruiters will have you believe. There is a lot of work involved and even then, there is still a huge chance your hard work will not pay off.
If you want to learn how to build a lasting business around things you already love – a system that will work for you for 10, 20, 30 years and beyond, check out where I learned how to make money online. Create a free account and if you are still not convinced this is the right way, then I wish you all the best in your future endeavours.
National Wealth Center Review
PRODUCT NAME: National Wealth Center
Price: $25/month – $100/month; $250 – $7500 One-time fee for some products
Overall Ranking: 10/100
Owners: Peter Wolfing
Website: www.nationalwealthcenter.com
Verdict: SCAM
As always, I would love to hear your questions and thoughts in the comments below. Remember if you have already had an experience with National Wealth Center, your opinion might help others looking to make a more informed decision. Cheers ?
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