“What is Karatbars International?”
“Is it a good business opportunity or totally a SCAM?”
These might be the doubts that you have on Karatbars International – An MLM company that sells gold bullions. And you’re looking for the answers to these questions, am I right?
Hey, this is Zac here, the owner of Life Goal Finisher. No matter what reason that brings you here, I must thank you for clicking this page and read my review on the company.
That’s the exact way to avoid potential scams, and find a legit way to make money online, too.
Rest assured, I’m not associated with Karatbars International (and I never will). So I won’t pitch or sell you any of their products.
But, if you’re already joined their program. Then, I think you’ll need to read this review until the end and consider whether you should continue their service or quit ASAP.
Without further ado, let’s get started!
Table of Contents
Product Name: Karatbars International
What’s It About: Golden Bullions MLM Company
Joining Fees: Free
Owner/Founder: Harald Seiz
Summary: Let me be frank with you, I think Karatbars International is a potential scam because of one reason. And that is: Many countries have issued fraud warnings against Karatbars International, which is a big deal in the world of finance. In my opinion, it’s just a short-term wealth, and there’s a big risk for you to lose everything overnight. Hence, I wouldn’t recommend this business opportunity to anyone.
Overall SCAM Rating: 90/100 (Very Suspicious!)
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What is Karatbars International?
Based in Stuttgart, Germany, Karatbars International is an MLM company that specializes in the gold mining and metals industry.
Harald Seiz founded this company in 2011. Throughout the 9 years in the business, they’ve expanded their business to more than 194 countries across the world.
Besides offering gold and gift items in gold bullion, they also provide MLM business opportunity for people who want to make money by trading their products.
About the Founder
There isn’t much information about Harald Seiz (the founder of the company) available on the internet.
From the information that I’ve collected, all I know is Harald Seiz has been working in the financial industry in the 80s.
In the mid-90s, he made a remarkable achievement in bringing 60 million in sales for a company.
He was involved in real estate, insurance, and finance in his past career before moving into the precious metals industry in 2008.
He then has an idea to offer people a bar of gold in small units. So he founded Karatbars International in 2011 and MLM is the foundation of his business.
Karatbars International Product Line
Karatbars International offers retail gold bullions of purity of 24 ct or 999.9 pure gold Atakulche bars.
These gold bullions only weighted between 1 gram to 5 grams. They’re so small that and sealed into a plastic card that looks like a credit card to avoid you from losing them.
Harald Seiz made Karatbars an easy and affordable platform for people to invest in gold as you don’t need to be rolling in fat stacks to invest in gold.
You can shop for their retail gold here.
How To Join Karatbars International And Make Money?
And here comes the most exciting part: How do you make money with Karatbars International?
As you might know, most MLM programs and the compensation plans are sophisticated.
To keep things simple and easy-to-understand, I’ll give you a brief step-by-step explanation to show you the process of how you can join Karatbars International and make an income out of it.
Step 1: The Joining Fee
Unlike other typical MLM companies, Karatbars International’s membership is free.
That means you don’t need to purchase any starter package to join their MLM program.
Step 2: Make Money!
I don’t know why they make their 24-pages long compensation plan so complicated, and the content is on the same foot as solving a Rubik’s cube blindfolded.
That put me in a hard time in research before I can document it into words for your reference.
Hence, I will not go into every detail of their compensation plan because that’ll definitely overwhelm you, and “put you to sleep faster than a sloth on Ambien.”
To keep things simple for your better understanding, I’ll only briefly explain the main ways you can make money with the company.
Overall, there’re 6 main ways you can make an income out of Karatbars International.
You’ll get a commission up to $400 when you sell a product package that ranges from $135 to $2,000 to a new member you recruited.
Once you built up a reliable downline team, each time they spent money on buying the gold bullions, you’ll get paid with Unilevel commissions.
Here’s how your downline team looks like (unilevel structure):
The lowest rate that you can make at unilevel commission is 0.5%, and the highest being 5.5% commission.
Binary commissions in Karatbars are offered to a member based on the generation of “units”.
And “units” are generated when a member’s downline team spends money within the company.
From my standpoint, it seems like they ‘re just switching the unilevel compensation structure to binary comepensation structure to payout this commission.
Here’s how your downline team looks like (binary structure):
Worldwide Turnover Bonus
I’m not too sure what’s this commission about as they don’t explain it in great detail in their compensation plan.
My guess is it might be some sort of percentage bonus pool, composed of 95 cents of every gram of gold Karatbars sells.
The Karatbars Pool is 1% of Karatbars International’s lump-sum gold purchase.
To qualify for the Karatbars Pool, the member needs to build three unilevel legs that have generated at least 9000 points each.
The points on these three legs are then divided by 1000, which provides the number of shares in the Karatbars Pool that the member may qualify for.
You can earn “points” when you sell grams of gold within your downline.
Once you accumulated a certain amount of “points”, you can use them to redeem the Karatbars incentives like gold iPhone, trip to Dubai, luxury villa etc.
I have tried my very best to summarize everything for you and explain the highlights of their compensation plan in plain language.
If you wish to know more about their MLM program, I’ve found a short video that explained it in great detail. Feel free to check it out👇
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The Reason Why I Don't Recommend Karatbars International
Scam Warning From Other Countries
As the title tells, the reason is very straightforward, yet it’s strong enough for me to advise you to stay away from Karatbars International.
Karatbars has been issued a scam warning by several regulatory bodies from countries around the globe.
Now my question to you is: Are you going to trust a company with so many scam alerts? I doubt it.
The warnings maybe a few years old, but it does make you wonder about their business operations.
So, Is Karatbars International a Scam?
I can’t make a definite judgment to claim that Karatbars International is a scam, but it doesn’t mean that it’s legitimate either.
The fraud warnings from other countries are evidence. It’s more than enough reason for you to think twice before joining them because these regulatory bodies suspected their activities to be illegal and unregulated, which is a big red flag in the world of finance.
But if you are entering into this sector for reaping the maximum benefits, then there’re a lot of other better and safer options out there.
You should always do some planning and calculation in advance to see if that business opportunity is worth your time and money or not.
You Deserve A Better Opportunity
Kudos to you! You’ve just read 1500+ words and still counting. If you make it this far, I commend your commitment.
Meanwhile, I can also feel how serious you’re when it comes to finding a proper way to make money from home.
As you might know, MLM is a flawed business model.
For sure, there’re still people who make a good amount of money with MLM. But it often represents a tiny group of people who joined the program early.
That said, it’s challenging for people who’re BOPs (bottom-of-pyramid) to make some serious dough because they’re running out of people to “recruit”.
Instead, Affiliate Marketing is my top recommended business model for anyone to make money from home.
The reason is simple…
Advantage 1: No Recruitment Needed
- You don’t need to “chase” after people and talk them into MLM opportunity where most people lose money.
Advantage 2: Freedom of Choice
- You can promote any products you love and not be restricted only to promote the products from one MLM company.
Advantage 3: Low Startup Cost
- Unlike MLM, where you’ll need to pay a pricy introductory fee to join, it takes little to no startup cost to kickstart your entrepreneurial journey in Affiliate Marketing.
You might think I’m biased, but I’m just telling the truths…
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