My Numis Network Review
Numis Network Review:
Although I've heard both positive and negative things about this company and its products, one can't argue with the value of precious metals over minted coins. In the MLM boom that has come to a rapid climax within the last 30 years or so, we've seen products that range from nutritional drinks, to cleaning products, clothing designed to mold the body into the desired shape, and even microchips that utilize the power of energy and vibration in order to neutralize any harmful invaders to the human body. Numis is the first MLM company I know of to capitalize on the concept of coin collecting and devise a compensation plan as well as a coin-based product base.
Numis Network is based on the concept of giving American coin collectors the leverage of multi-level marketing while selling coins alongside a marketing model by which to distribute them. Their coins are collectible gold and silver pieces designed for collectors and coin enthusiasts. The term "Numismatics" is a Greek word pertaining to the study of coins, tokens, paper money, and similar objects used as currency. Numis Network's product offering hasn't come without problems. In many cases the coins have saturated auction sites such as eBay to such a degree that they can only be sold at a fraction of the suggested retail price, if at all. Another common issue for a large number of people has been difficulty in actually obtaining specific coins from the company itself. At one point, the company's gold minted coins were so difficult to come by that critics were accusing the company of selling products it didn't have, leading to a number of scam accusations.
Numis was founded by Ian Cordell, Christopher Kent, and Jake Kevorkian, along with an expert coin collector known among coin enthusiasts as Mike Mezack. Mezack is well known for starring in late night infomercials having marketed the collectible products of various companies and focused specifically on the "collector mentality" among various types of consumers. Numis Network has expressed the intention of becoming the largest retailer in the world of precious metal coins via the creation of a network-based industry. The coins are advertised as being the highest grade coins available that aren't with any national or international government mints.
As far as the quality of its sales platform, the most common complaint is that the company's website provides video interviews which claim that network building is simple and easy, and that all a prospective seller needs to do is send people to the replicated site issued with a membership. The problem with this is that there is already an over abundance of people in the company who use the replicated site; perpetuating a lack of buyers.
Numis offers its associates a leveraged compensation plan that pays up front commissions in the form of "coded bonuses" with limitless range, as well as binary based, residual income. The plan is structurally binary, in that recruits are arranged into two "legs'", while bonuses are solely based upon the performance of the lesser leg. The plan also incorporates a direct recruitment bonus in which you receive a portion of any bonuses recruits extract from the binary system. Any individual highly skilled at recruiting can earn bonuses for their recruits in both legs of the down line network.
In my opinion, trying to market Numismatic coins will be challenging at the very least, and its still unclear whether or not it is a wise investment. There have been many companies in the past that made a killing selling collectible products such as "Beany Babies", however the golden era of profits had a short life, and once popularity decreased, the product died as quickly as it stormed the market during its inception. If the type of product isn't difficult enough as far as long term stability goes, the marketability of the product itself also needs to be taken into consideration, as only so much can be done to a coin to make it fresh and interesting.