You are doing research on Karatbars because someone approached you about it and you want to know if this company is legit or a scam. That’s what we’re about to find out.
If you have been here before, welcome back!
Thank you for taking the time to check out my Karatbars review!
One of the common questions I get asked often is if Karatbars a scam or not.
We’re going to take the next few minutes to take a look and get some answers.
The main concern I have for people who are researching this opportunity is that I don’t want them to get burned. In the profession of network marketing, anything could happen.
A company ends up shutting down in a few months due to bad business decisions for being non-compliant, compensation plan change, or the company not paying it’s distributors.
Even worst, your direct sponsor or upline leaves the company. Leaving you hanging to dry.
I understand that many of you are new. Sometimes we are not in a position to make a solid business assessment due to inexperience.
Additionally, I am going to offer you a way for you to escape the ‘9 to 5’ if you decide that this company is not for you.
More information about this program will be at the end of this post.
You landed on this blog because you are thinking about joining Karatbars because someone approached you about it or you just want to try out their products.
Unlike all the other Karatbars reviews on the internet, this is completely third party unbiased. I have no relationship with this company what so ever so when you read this blog post all the way through and pay attention, I can assure you that I am not going to ask you to join or buy.
By the time you have read this unbiased review, you will be able to decide if Karatbars is a fit or not. I do not promote, nor I am affiliated with Karatbars. I stand neutral in the current development of the Karatbars business.
With that said, let’s dive in!
What is Karatbars International?
Karatbars International is a global e-commerce business operation in the mining and metals industry. The e-commerce company was launched by Harald Seiz in 2011 and specializes in selling gold bars. The company distributes these gold bars through affiliate marketing efforts.
The financially secure, debt-free, and fully self-funded company’s headquarters are located in Stuttgart, Germany. The company has another office in Munich, Germany.
Karatbars International has spread across 70 countries with plans to expand into over 194 countries worldwide. Karatbars claims it has a logical, affordable and universal solution to the world’s debt and currency crisis through the purchase of its gold bars.
The company business model is similar to Amway, Melaleuca, and Forever Living.
Need To Generate More Leads ASAP? Check out My #1 Recommendation Here!What does Karatbars sell?
Karatbars is unlike any other MLM company because its main product is gold. The company sells small quantities of 24 ct or 999.9 pure gold Atakulche bars.
Karatbars International sells small quantities of 24 ct or 999.9 pure gold ATAkulche (or minted) bars.
These are produced by an LBMA (London Bullion Market Association) and GDL (London’s Good Delivery) refiner known as Atasay Jewelry, under the Atasay Group.
The one unique thing about Karatbars gold is their packaging, with each piece of the precious metal-containing the assayer’s signature and stamped with a valid trademark.
The gold bar unit is embedded and heat-sealed in like a credit card (which also has a UV-protected film).
To add to the visual appeal, there are hologram acorns on the bar’s reverse side, which is also a security feature. The hologram also contains a graphic bar code with details of the item and its certificate of authenticity.
Karatbars makes it easy for anyone to invest in gold because they are sold in small denominations, starting as low as 1 gram. These are so small that they are sealed into a plastic card.
Karatbars International compensation plan
Insert Karatbars Compensation Plan
Package Commission
Package commissions are paid out to distributors each time they sell a new package to a distributor they recruited.
- Silver package commission: 60 EUR or roughly $70*
- Bronze package commission: 150 EUR or roughly $170*
- Gold package commission: 300 EUR or roughly $340*
* – Based on current Foreign Exchange rates from EUR to USD.
Unilevel Commission
Unilevel commissions are offered to distributors at a percentage of the money spent by their distributors they recruited below them and depending on the rank.
The lowest rate that a distributor makes at unilevel commission is 0.5% and the highest being 5.5% commission.
Binary Commission
Binary commissions are offered to distributors on what was spent by their downline through a binary compensation format.
Insert Karatbars Binary Commission
These are paid out generationally once each leg has met the minimum number of units sold.
Worldwide Turnover Bonus
How this pool is paid out to distributors is unclear, and their compensation plan can’t help explain it.
It appears to be a percentage bonus pool that’s composed of 95 cents for every gram of gold that Karatbars sells.
Gold Pool
This pool is made up of 1% of Karatbars International’s lump-sum gold purchase, which I believe counts both the package purchases and gold purchase over 50 EUR or $55.
To qualify for the Gold Pool, a distributor must have three unilevel legs that generated at least 9000 points each.
The points are then divided by 1000, which provides the number of shares in the Gold Pool that distributors may qualify for.
Karatbars’ Compensation Plan is 25 pages long and looks to be very complicated. I can only imagine the details that a sales representative or distributor needs to share in order to close the sale.
How to join Karatbars International
Membership is free to get into Karatbars, but in order for you to avail of their commissions, you need to purchase one of three packages.
Karatbars doesn’t have any starter kit, but they do have a list of possible packages for you to choose from. Each package goes up in price depending on the content, product, and bonus features that you want.
- Bronze Package – $135
- Silver Package – $350
- Gold Package – $800
What are the pros and cons of Karatbars International?
Here are the pros:
- Karatbars offers free membership and free training for their affiliates.
- Joining for free but you need to work very hard for a very small commission.
Here are the cons:
- Not everyone wants gold or can afford to buy gold.
- Selling gold is not easy because it is involving a high cost.
- There is no income if you don’t recruit new members
- Their gold price is between 29% and 35% more expensive than what you can buy on the open market.
- 95% of Karatbars affiliates do not make money
Recommended: My final thoughts
Before you decide to join Karatbars International. I would recommend that you try out the products first. See if it’s a fit for what you’re looking for.
If you don’t believe in the products that you are selling, chances are others wouldn’t. Makes sense, right?
If you’ve decided that you want to join Karatbars International, you must have the following if you want to succeed:
- A support team and system that will help build your business.
- A mentor that will take you by the hand and help you reach your dreams and goals.
- A constant flow of new leads and prospects that want to join your business.
It is not easy to be successful in the Karatbars International business and which is why more than 95% fail.
If you feel the person you are going to sign up with is not going to be able to give you the necessary tools to help you succeed…
You might want to check this out by clicking here! 😊
Karatbars International Is Not A Fit For You?
Now, if you feel that Karatbars International isn’t for you. But determined to find a home-based business so that you can create a legacy for you and your family.
I would suggest that you check out my number #1 recommended program.
This program is the reason why so many people are having success with a ‘work from home business’.
Last but not least (drum roll please)…
I would love to hear from you if you are looking to join Karatbars International or if you were an affiliate.
Please share your experiences by leaving your feedback below.
The feedback will help out those who are doing research on the company.
P.S. Want to make money online?
