Danny Gauthier launched Wealth Podium in early May, presenting himself as the company's founder and CEO. His website states a goal to provide "turnkey" technology systems for self-employed individuals, aiming for affordability and global reach. Gauthier wrote that many self-employed people sought a foothold in 21st-century technology, and he saw a perfect time to offer these tools.
Between 2006 and 2009, Gauthier launched several matrix-based MLM opportunities, including WeNetProfits, Seed2Wealth, and United TSI. These schemes relied heavily on recruitment. None of them lasted long after their launch.
Gauthier attributed the failure of these earlier companies to "4 years of market and software testing." He then introduced Ultamex in January 2012. Ultamex operated as a membership-based digital library. Affiliates paid a $59 membership fee and earned commissions by recruiting others into the scheme. Just over a year after its debut, Ultamex showed a steady decline.
Wealth Podium now appears as Gauthier's latest venture. Like Ultamex, it lacks distinct retailable products or services. Affiliates market only the $99 company membership. This membership provides access to a digital library, which features several items previously available through Ultamex.
The Wealth Podium compensation plan uses four different matrices to pay affiliate commissions. Affiliates buy positions in these matrices as part of their membership. The Feeder Matrix, for instance, aims to bring new people into the $99 Wealth Podium affiliate program through recruitment. For $50, an individual buys a position in this 2x3 matrix. This structure places the affiliate at the top, with two positions directly below them on level one. Each of those two positions then has two more below it on level two, and so on, creating a total of fourteen positions that must be filled.