Global Wealth Trade, a multi-level marketing company specializing in luxury goods, launched in 2005 under founder and CEO Ramin Mesgarlou. The company markets high-end jewelry, handbags, and watches, with some items priced up to nearly $20,000. This approach targets the upper-end department store experience within the MLM sector.
Mesgarlou's professional history before 2005 provides some context. From 2000 to 2001, he worked for 3XS Enterprises, earning $42,000 annually. 3XS Enterprises sold club memberships, offering consumers discounted household products.
Mesgarlou was fired in 2001. He then sued 3XS for wrongful dismissal but lost the case. Beyond this, specific details about his earlier career are scarce. Mesgarlou states he has been involved in network marketing since 1990 and that his family has operated in the jewelry manufacturing business for over a century. These family connections presumably serve as the source and production base for Global Wealth Trade's product line.
The Global Wealth Trade product line relies on its brand identity to drive retail sales, much like a traditional department store. Offerings include men's and women's jewelry, handbags, watches, wallets, and "shields," which are sunglasses.
Prices for these items range from a few hundred dollars up to twenty thousand dollars. The "Mandisa Pendant" currently represents Global Wealth Trade's most expensive product, retailing for $19,815.
The Global Wealth Trade compensation plan centers on a binary structure. It also includes several performance and incentive bonuses for its members.
Members earn retail commissions, which typically represent about a 25% margin. This difference comes from the wholesale and retail costs of products sold to customers outside the Global Wealth Trade business. A "Support Bonus" acts as a recruitment incentive. Global Wealth Trade pays members $150 for each new member they bring into the business, provided the new recruit completes the company's designated training modules.