A Genuine Review of Numis Network – No Hype, No Spin
By Kim Willis
If you are a Numis rep, or considering being one, you should read this. Learn how to drive traffic and create a flood of leads for FREE. Over the next 6 weeks you could have more than 10,000 visitors to your website – for FREE.
Numis Network – The Review
Numis Network is a new kid on the block. Most people have never heard of it, so this article will seek to answer questions as to what is Numis Network, how it works, and why it appeals to people.
If you listen to internet marketing upstart David Wood, Numis is THE FUTURE. But then again that’s what he said about iLearning Global, before they pulled the plug last month. Other big hitters such as Larry Beacham and Cedric Harris have also thrown their hat in the ring.
What exactly is the Numis Network?
Numismatics is the collecting of coins. Founded by three industry veterans and co-founder Mike Mezak, Numis Network is the first Network Marketing Company dealing in Silver and Gold, and the direct sales industry. According to the company ‘Numis Network is pioneering the sale of perfect Mint State, Graded Silver and Gold Coins and merging it with the Network Marketing industry’.
The company started its operations in 2009 offering numismatic gold and silver coins as its products. The numismatic coin industry in itself has become a lucrative industry, with an estimated turnover of 10 billion dollars in the United States. Globally, it is an even bigger industry with annual sales of over a hundred billion dollars. So even if a lot of people have not heard of it, Numis is in a rich industry which is constantly growing worldwide.
It is also appealing to people because the company deals with products which may appreciate in value over the course of time. People may be enticed with a business offering these kinds of products than those companies which offer other products.
The company offers gold and silver numismatic coins, something which is different from the usual networking businesses which offer health care products such as multivitamins, weight loss drinks, whitening pills and the like.
Apart from gold and silver coins, also offered are world coins, rare and vintage coins, commemorative coins and several other varieties. Everything for the collector or investor is here!
How Does it Work?
Numis Network is a network marketing business which grows through referrals. Like other networking businesses, there is a fear that it may be just another scam luring you into shelling out your money and getting too little or nothing in return. Due diligence will help you minimise the risks of getting involved in a dodgy business.
The Compensation Plan
The company uses a binary style compensation scheme which has a couple of points of difference. It utilizes a payment plan which tries to eliminate the flaws of the typical binary system of payment. It seeks to allow new members to earn easily while rewarding leaders responsible for the growth of their teams. This is achieved via a linkage to the training pack which new reps need to purchase. And it is this pack that pays the quick bucks to reps.
The Numis Sales Pitch
The following represents the core message offered by Numis (as offered by one Numis spruiker):
“Our economy is in a downturn. Countries across the world are no longer accepting US currency. That’s because not only is the US currency made out of debt, but is literally nothing more than paper. Collectible coins and precious metals on the other hand are rare and invaluable; therefore are accepted anywhere and everywhere around the world (especially during these times).
Wise investors understand that very soon money will no longer be of any value whatsoever. So they’re constantly looking for ways to invest in collectibles, like coins of precious metals, gems, rubies etc. But because of the rarity and value of coins, people are now having a difficult time finding places that carry them in gold. Even if they wanted to buy a million dollars worth of gold coins, they couldn’t.”
Got the picture?
Is Numis Network a Scam?
No way – Numis Network is completely legit..
The Problem With Numis
The problem with Numis is more to do with the nature of the product than anything else. Although not promoted by the company as an investment, the reality is that reps on the ground are going to be tempted – and will succumb – to flog its merits as a ‘great investment’. It will happen – if not already. When it happens en masse, watch out. Then you’ll have every cotton pickin’ regulator on the case. They just love harassing sales folk who promote investment style products.
Another issue is to do with the potential for a decrease in value as a result of a flood of these items being released into the market place.
Final issue is to do with the compensation plan. To remain competitive the company cannot inflate the price of the coins themselves. Problem is there’s not much margin in numismatics. So to make it enticing for reps, the company offers a training pack, which is commissionable.
I think its a great idea, but some, including regulators don’t like it one little bit. Personally, I think it perfectly OK to make training products commissionable. But I don’t set the rules. So the company is vulnerable to regulatory scrutiny on a couple of fronts.