Coins are fun to collect! This is the operating slogan of Numis Network, an MLM business that deals with coin collectibles. Coin collector hobbiests are sure to take notice of this business. Here’s a Numis Network review taking you through the all of the good and bad of the MLM opportunity.
Introduction
Gold and silver are resistant to recession, types of commodities in our economy. You’d have noticed the up in prices of precious metals even when the global economy was reeling under financial crisis. The idea behind creating the Numis network is to create a business that deals in numismatic coins.
The Numis Network was started by Ian Cordell, Jake Kevorkian and Christopher Kent with support from Mr. Mike Mezack, a noted numismatist. The three founders have lots of experience in network marketing and their dynamic leadership is one of the major assets of this company.
What Is It About?
Collecting coins has been a treasured hobby for many people who know that the value of such coins keep increasing with time. The Numis Network has started the system of grading to authenticate collectible coins and assist in ascertaining their value. The merchandise in this business is current gold and silver coins issued by various Govn’t mints from all over the world.
Since the innate value of these precious metals keep increasing, these coins are said to be valuable assets to hold. The coins are marketed as an excellent investment to hold as well as to gift.
The Opportunity
There are two ways to make money in this business. They are to invest in graded coins and wait till they appreciate in value. The 2nd is to become a partner and spread the word to other coin collectors.
Costs
You can become a distributor and pay an initial cost of $75 and thereafter $10 per month. In this category, you’ll need to generate minimum sales of $100 each month to qualify for commissions. You can also start as a Fast Track representative by paying initial fee of $299 and $99 per month. This package entitles you to a beginner pack, a Silver Eagle collectible coin, training videos, lead management and marketing programs and email marketing campaign.
A Binary commission system is followed; this allows even new beginners to make money in the same way as experienced distributors.
Why Join Numis Network?
This is an MLM business with a planned difference. While most other network marketers sell all manner of health drinks or cosmetics; you’d be increasing the financial health of your customers by selling coins. While stocking up on health products may prove disadvantageous to some businesses, you’d only gaining by keeping a nice stock of coins as these appreciate in value.
Drawbacks
The company lays a lot of emphasis on grading coins to authenticate their value; however experts feel graded coins should be placed at par in value with non-graded coins. The fact that they are graded alone does not make these coins greater in value.
Competition
XAG Network – This is an upcoming network marketing company that deals in silver Bullion coins. The cost of joining this company is much cheaper than Numis since it’s very new. The MLM Company has a 5 x 8 matrix which offers good scope of income for distributors. Being in prelaunch until June 2010 there is not much to say until the company goes live. With bullion there is little room for markup and if the market crashes so does the company.
SilverCoinReserve – This is a gold and silver coins acquisition program that allows members to invest in silver bullion coins on a monthly basis. Bullion type coins fluctuate with the price of the market. Network marketing is based on word of mouth and having a built in charge to pay for sales and team development. When one can exactly see what the silver and gold is valued at there is very little room to price products to pay reps.
JR Mayer Collections is another large numismatic dealer that’s in partnership with GoldQuest International Ltd. The latter is an MLM company that operates in several countries. JR Mayer has been around for more than ten years and known throughout the world for its numismatic business. Looking at the website one gets the feeling it’s an international based company that doesn’t exactly scream value.
The company claims to give you a winning business by offering you a free replica website. This might help you get some orders when people click on your site; but it may not help you when all distributors have a similar site. You’d need to know how to differentiate your site from others. There are several tools online that you can employ to give your website a unique reach.
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