What is the National Wealth Center?

What is the National Wealth Center?

The other day I came across a web page talking about NWC and that triggered my curiosity. It turns out that “What is the National Wealth Center?” is a question that quite a lot of people are asking.

So I decided to go through a thorough research before starting to write this article, just to make sure I’d gather the most accurate information possible.

This is what will talk about today:

  • The Company | NWC
  • The Purpose
  • Product Information
  • Benefits
  • The Proof | Testimonials
  • Affiliate Program
  • Wrapping Things Up

But first things first.


The Company | NWC

The National Wealth Center is an MLM company, based in New York City.

It is backed by a 19-year-old corporation called Multiplex Systems Inc, launched by Peter Wolfing. A sergeant in the U.S. Marine Corps early in his career, in 1990 he started in Network Marketing (also known as MLM) with great success.

Apparently, Mr. Wolfing, who is the CEO for both NWC and Multiplex, is a controversial person.

A simple Google search results in both positive and negative opinions:

Google search results to 'Peter Wolfing'

Some accuse him of creating get-rich-overnight schemes and promoting scams. Others defend him.

I’m not going to touch on that. I’d rather let you decide for yourself if he and his company can be trusted.

Stay with me and you’ll get more information to come to a decision.


The Purpose

Their business model runs around Network Marketing and a set of Digital Educational products.

The concept they sell is that anyone can start their own home-based business but for that, there needs to have change. They affirm that if you want to become successful, you first need to work on yourself, then learn the necessary skill sets to work with internet marketing and grow your business.

They offer training (by audio and video) on a cloud-based system, which means you don’t have to download any information to your computer. All you need is access to the internet.

>> I really like the idea of preparing the person to become a successful professional in a variety of areas like Personal Development, Fitness, Relationships, and Wealth Management besides the more technical skills.

After all, all these areas of our lives are connected.

My real problem is with the whole network marketing model.

Here is what Wikipedia says about MLM:

According to a report that studied the business models of 350 MLMs, published on the Federal Trade Commission’s website, at least 99% of people who join MLM companies lose money.

Nonetheless, MLMs function because downline participants are encouraged to hold onto the belief that they can achieve large returns, while the statistical improbability of this is de-emphasized.

 

I’d say it looks extremely dangerous, especially when you take into consideration that – as I’ve heard -, a member is encouraged to buy all of their products in order to get best results.

The total price of their products is over $12,000.00!

Take a look at the list below.


Product Information

As shown on their website, at this moment, their products are the following:

  1. Self-development –
    e-Coach course, audios, and videos on personal development,
    $25.00 per month
  2. Fitness Advantage –
    You’ll learn how to take better care of yourself: diet and workout are included in this package.
    $50.00 per month
  3. Digital Entrepreneur –
    They teach you how to work with affiliate marketing and to be able to work from home (or anywhere you wish, as long as you have access to internet)
    $100.00 per month
  4. Relationship Edge –
    You’ll learn how to take your relationships to the next level, which will help you be more successful professionally.
    $250.00 for the course
  5. Wealth Advantage –
    Like they say, people want to make more money but they don’t even know how to manage the money they already have. So, the idea here is to teach people how to better manage and create cash flow.
    $1,000.00 for the course
  6. Network Marketing –
    This course is dedicated to teaching how to become a better network marketer, how to better influence and impact, getting better results.
    $3,500.00 for the course
  7. The Vault –
    This includes a full library of e-books, software, hundreds of hours of audio and video training modules on Self Development, Finances, Network Marketing, Health & Fitness, Building Your Credit, The Stock Market, Investing, Real Estate and more.
    $7,500.00

The 3 first ones are part of a digital library that you have access to and pay monthly fees as indicated above.

The other 4 are on-demand courses, a one-time payment.

>> I like the fact that the prices are clearly presented for anyone to see. Thumbs up for that!

I just thought it’s a bit intriguing that the information we get, on their website, about each course is rather superficial.

It would be much better (and I would feel more confident as a client) if they described each course in detail, don’t you think?


Benefits

I’m a huge fan of home-based works and I truly believe that it’s one great solution for people who need/want financial freedom as well as the flexibility of time and location.

For me, as a mother who wanted to be closer to my kids on a daily basis, the decision to become an online entrepreneur was a no-brainer.

Lots of other people can also benefit from this Laptop Lifestyle such as:

  • Disabled
  • Retired
  • Unemployed
  • Low-salary employees
  • Passive and residual income seekers
  • People in debt
  • College students
  • Part-time employees
  • and many more

The greatest benefit NWC offers, in my opinion, is the possibility to work online and all the perks of a business of that nature.


The Proof | Testimonials

To tell you the truth, I couldn’t find any trustworthy testimonial.

Behind every opinion I had access to, be it on Google or YouTube, was a person trying to sell NWC.

The closest I got to an honest testimonial was a guy saying that NWC is a legit company. But, according to him, over 90% of people fail at it because they don’t do two necessary things:

  • Buy all NWC products
  • Dedicate time and hard work

P.S.: At the end, he also popped up his link to sell NWC.


Affiliate Program

In MLM their ‘Affiliate Program’ is called “Compensation Plan” and it’s only available for members.

I’d like you to watch this video, produced by NWC itself, explaining their system.

It seems great but…

I wonder if finding at least 4 people per week and convince them to buy a $250.00 course (as shown in the video) is as easy as they made it look…


Wrapping Things Up

I believe, but can not guarantee, that the National Wealth Center is a program that doesn’t intend to harm or take advantage of anyone. And it probably does work for some people.

What really bothers me is the Pyramid system (MLM) it goes by. The ones on the top of the pyramid make profits while the majority (around 99%) of people at the bottom lose money.

Bottom line is: if you aren’t able to convince other people to join the platform, you won’t succeed.

On the other hand, the freedom to work from home (or any place with internet) and the possibility to create residual streams of income are two super positive aspects that I love.

Luckily, there are other (non-MLM) companies that offer solutions to anyone who wants to build and grow their online business.

I suggest that you do some research on the internet, look for honest reviews and if the programs let you, check them out personally BEFORE you make any commitments to them. This way, you’ll be able to make a well-thought decision, without any risks of losing money.

The platform I highly recommend is called Wealthy Affiliate. They’ve been on the market since 2005 with over 1.2 million members.

When you join it gets hosting, domains, website creation, technical support, step-by-step training, and an active international community.

Best of all, you don’t have to take my word for it. You can join as a FREE member and see it for yourself. No credit cards needed.

If you accept my invitation and join it through my link, I’ll be able to help you out on the platform every step of the way.

Click here to Learn More about Wealthy Affiliate

 

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Eliane

Eliane is a Wife, Mother, Entrepreneur, Laptop Lifestyle Enthusiast, and Internet Marketing Support Coach. Ever since she started her Online Business she works from anywhere and whenever she wants to. This means being closer to her kids as they grow up. And she LOVES it!

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18 Responses

  1. Thank you for the information you provide me with.
    If I am to decide for an online marketing program, I will go to Wealthy Affiliate. And I will sign up to learn as far as it is free, host my domain, and help me to build my own website.
    This program seems rewarding.
    Thank you again. Keep updating me with such information.
    I have saved your page for further information.

    • Eliane says:

      You’re welcome, Abraham.
      I’m glad you liked my post and saved it for further info.
      Yes, please come back. I’m always posting new articles related to affiliate marketing.
      Till next time!

  2. Paul says:

    They are using misdirection with that title. It makes me think it is part of a government service defining the nation’s wealth or something like that. Or outreach program to help citizens. Of course the ‘wealth’ word throws that off but it did make me want to know more.
    I agree with you about the personal improvement training is a good idea, in fact that’s what they do teach
    Yes, they should definitely give good detail about their courses at those prices especially.
    I love that term ‘Laptop Lifestyle.’ I believe those that engage I MLM’s after they are aware of what they really are have lost their souls. To promote a system designed to put each of your new members of called ‘down-line’ in the poorhouse with pie in the sky stories that you know are false should be a crime.
    I don’t remember how MLM’s got around the laws that made Ponzi schemes illegal but they did. If a product is good it can be marketed effectively and with good ethics it will build into a viable successful company. No one in those companies seem to have that as a goal. They just want to be at the top of the line of unfortunates who bought in so they make money.
    I joined some of those companies when in my twenties and green about that system. I learned fast that I needed to get tons of people to sign up and buy stuff. I didn’t quite understand the rest and ruined friendships along that path. I lived in the home town of Amway at the time so I tried that, Herbalife, a few others I have thankfully forgotten the names of.
    Affiliate marketing is legit at its core, but unscrupulous people can and will use it to develop scams as has been the case throughout history. It’s good that you took a good look at this company so people can make that informed decision. If we all did that research before leaping we might make it tougher for the crooks to flourish.
    Thanks for adding in a small review of Wealthy Affiliate it seems like a very good company that is set up for people to succeed and when they do the company does as well. As it should be.

    • Eliane says:

      Hi, Paul.

      Thanks for your comment and for letting us know your experience and opinion about MLM. I believe that’s a very good way of opening the eyes of people considering to start an online business.

      One thing we need to remember is that there will always be unscrupulous people trying to take advantage of others, in any professional field.

      So we have to carefully look for the trustworthy programs and opportunities.

      That’s why I pointed out the possibility to join Wealthy Affiliate for free, no credit cards needed. Anyone can go inside the platform, test it and if they don’t like, just leave it.

      In my opinion, this clearly shows how serious they are at WA. If they were a scam, they wouldn’t allow people in and out like this, with no strings attached, don’t you think?

      Well, thanks again for your comment. And if you ever decide to join (or just test) Wealthy Affiliate, I’d love you to accept my invitation by clicking my affiliate link.

      When that happens, if my referrals decide to become paid members I receive a small commission. But nothing changes for them in terms of prices. No more nor less than it would be directly at Wealthy Affiliate’s website.

      On the other hand, being my referral allows me to Closely Help them inside WA. Every Step of their journey there.

      Either way, joining or not, I wish you all the best and hope to see you back here, soon.

  3. Nikki says:

    Hi Eliane,

    I found this to be a really interesting read about NWC.
    I had never heard of them but I too am bothered by the pyramid system.
    There are so many of those out there already and many, many years ago, I did one at a time when I was feeling desperate to make money.
    I absolutely hated it and any time I see MLM, I usually run the other way.
    I am with WA now too and have very much enjoyed the community there.
    Thanks for a great article!

    • Eliane says:

      Hi, Nikki!
      Thanks for stopping by and leaving your comment.
      I’m glad you liked the article about the National Wealth Center.
      It’s also good to know that you’re one of the over 1.2 million WA members.
      I’ve learned that being around like-minded people is really powerful and fundamental for a successful online business. So I’ll make sure to connect with you inside the platform. 🙂
      Talk to you soon.

  4. Mikey says:

    Excellent, well-researched, and non-biased!
    I would really like to hear your opinion on AWOL Academy.
    Very good job!

    • Eliane says:

      Hi, Mikey!
      Thanks, I’m happy you liked it.
      It seems to me that AWOL Academy is one of those companies that sell courses in modules: email marketing, traffic, conversions, and so on.
      Like NWC, prices range from pretty low to high-ticket ones.
      You gave me a nice idea and I’ll write a review on it soon. 🙂
      Thanks!

  5. oliver says:

    I read through your article/review but did not pull up any info on NWC myself.

    Just judging by what you have said I – for one – would be running as far as I can from signing up with this company.

    I was involved on a number of occasions with MLM years ago (offline, before the advent of mainstream internet).
    Most, if not all, ended on a negative note.

    • Eliane says:

      Thanks for dropping your comment and letting us know about your experience, Oliver.

      This really seems to be the opinion shared by everyone I talk to about MLM.

      All the best!

  6. Matts Mom says:

    This definitely does not sound like a program for me.
    I tried many times to earn money from selling to other. I am not good at it.
    I think that you have to truly believe in the product, have been with the company for a while….and are successful, in order to achieve success with a program like this.
    Great review!

    • Eliane says:

      Yes, in this type of business model (MLM) you need to be a seller.

      It’s different when you work with pure affiliate marketing when you don’t really sell products. You promote them.

      This means that your job is to lead your reader to the website of the merchant who will then close the deal.

      Of course, you have to be clear and thorough on your arguments but that’s different from having to use sales pitches.

      Think of Amazon’s example. The affiliate marketer talks about the product, its features, pros, cons etc.

      When the visitor clicks the affiliate link and is directed to Amazon’s website he/she will be exposed to all those sales strategies Amazon has improved over the years.

      I’m talking about testimonials, videos, images, technical details, mix of products, suggested complimentary items, and so on.

      They will be the ones closing the sale after all.

      I’m not a salesperson either. And that’s probably one of the reasons why I like affiliate marketing so much.

  7. Just like any other MLM company, who want to get rich themselves by taking all hard working money from people.
    If that is the case, then such company could have become the wealthiest, not Bill Gates!!
    The real thing is only right education and training, and it takes many years of dedication to get successful.

    • Eliane says:

      Hi Ganesh,

      I agree that there’s no Magical Formula, no Secret Information.
      There are Knowledge and Strategies that do work.

      How long it’s going to take to show results really depends on the person following the correct Blueprint. It could take years or few months.

      If you take the Right Path and keep working on it with Focus and Consistency, results will come in a shorter time.

  8. Jill says:

    Hi Elaine, Thank you for all the research you did on this company.
    It certainly sounds like something one would rather not get into. The cost is horrendous and doesn’t have great reviews.
    Will be sticking with Wealthy Affiliate which I absolutely love.

    • Eliane says:

      I agree, Jill.

      Wealthy Affiliate offers great training, technical support, networking and mentoring (among other things) for such a reasonable cost.
      It’s so much less than National Wealth Center’s price that it almost made me laugh when I was doing the research for this article. 🙂

      I plan on sticking with WA as well. I’ll see you on the inside!

  9. John says:

    Eliane,
    I have never joined an MLM company.
    It looks like too much work and money up front for the payback. Like you stated the people at the top make most of the profit, not much trickles down to the people doing the recruiting.
    I like the idea of Affiliate Marketing better, you don’t have to sell anything, just give your opinion and try to help someone understand the problem.
    Thanks for your information on this company, I will avoid them.
    John

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