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
- 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:
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.
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.
As shown on their website, at this moment, their products are the following:
- Self-development –
e-Coach course, audios, and videos on personal development,
$25.00 per month
- Fitness Advantage –
You’ll learn how to take better care of yourself: diet and workout are included in this package.
$50.00 per month
- 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
- 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
- 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
- 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
- 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.
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?
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:
- 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.
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.