Cabo San Lucas
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| In fact, it's so good, just about every single investor I know of has been talking about this industry for the past 4 months... And The Really Exciting News Is This: You're In A Position Right Now To Get In At The Ground Floor! |
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Showing posts with label gold and silver coins. Show all posts
Showing posts with label gold and silver coins. Show all posts
Thursday, May 12, 2011
Wednesday, March 23, 2011
Investor Beware - Leverage Accounts GoldSilver.com MARCH 22, 2011
The Sun-Sentinel of Southern Florida reports that over the past 18 months, clients and creditors of 7 local precious metals businesses have claimed losses of more than $54 million!
How is it possible in this great 21st century gold and silver bull market, this many folks are losing that kind of capital?
Well the answer lies somewhere between investor ignorance, a lack of proper due diligence, poor silver and gold investment vehicle choices, investor greed, and perhaps electing and entrusting the wrong parties to do business with.
Today we would like to tackle one of the biggest silver and gold investor killers out there -> Leverage Accounts.
Over the years, leverage accounts have been responsible for transferring hundreds of millions of dollars of capital away from investors and into the pockets of dealers who offer levered financing for silver or gold speculation.
Simply put, when you introduce leverage… you introduce risk.
Leveraged investing is when you borrow money in order to invest. With a leveraged investment, you would invest a large sum up-front, then make regular payments to pay back the amount you borrowed, plus the interest. The potential advantage of the leveraged investment is that there is a larger amount earning returns over a longer period of time. If the return on your investment is greater than the principal borrowed plus the interest, your leveraged investment has outperformed a traditional investment.
Leverage generally enables the investor to own more of a stock or commodity without paying full price for it. The downside to it is, if your investment loses money, your losses are exponentially greater. In the case of leverage, you are going up against a mathematical formula plus compounding fees engineered to work against you.
Leveraged silver and gold accounts are pitched to investors based on their upside “potential”, the problem is the downside-devil in their detail. These types of accounts are typically designed to aggressively drive wealth away from investors when large short-term swings occur. If you don't know what you're doing (and many times even if you do), leverage can also magnify your losses to 100% and beyond!
The following excerpt is from the aforementioned report out of Southern Florida:
Little Regulation, Lots of Risk can Leave Gold Investors on Shaky Ground
– 3/19/2011
Customers are also told they can buy "on leverage" — meaning they can obtain financing so they can purchase more metal.
For example, a customer could put down $1,000 to buy $5,000 worth of gold. The financing comes from separate businesses called "clearing firms" or "clearing houses," that have pre-existing relationships with the precious metals firms.
Under such leveraged arrangements, if metal prices fall by a certain amount, clients are subject to a "margin call," meaning they must pony up more cash — or risk losing their money.
A Federal Trade Commission official testified before Congress last year that the agency has seen a rise in unscrupulous telemarketers pitching highly leveraged precious metals sales to consumers who don't understand how the deals work or the risks involved.
"The telemarketers charge hefty commissions and other fees that significantly reduce or completely eliminate the value of the consumers' initial investments," Lois Greisman, an associate director in the FTC's Bureau of Consumer Protection, told the House Subcommittee on Commerce, Trade and Consumer Protection.
Frank Widmann, director of securities for Florida's Office of Financial Regulation, told the Sun Sentinel that the volatility of this market can make it treacherous territory for inexperienced gold buyers.
"This is an area where it's real easy to mess with investors," he said.
In July 2010, Mike Maloney wrote the following in a WealthCycles.com article entitled - Beware of Fools Gold - Leverage:
When I first started accumulating gold and silver, I purchased a small quantity from a dealer. Naturally, when I was ready to purchase more, I went back to that same dealer. Over time, I developed a good relationship with that dealer, and I trusted him.
But as my purchases became larger, I decided to shop around to see if I could save some money. I called a dealer I saw on a TV ad, and, low and behold, his price was a couple percent less than my original, trusted dealer. While I was making my purchase from the new dealer, the salesman there convinced me that I could do a lot better with a margined account, where I could leverage my gold and silver at five to one.
Now I was no novice. I had used margin for quite some time and was already quite well informed regarding its asymmetrical leverage. So I didn't buy immediately; instead, I investigated the opportunity for a couple of days, then calculated the interest I'd be paying and the storage fees, determining exactly how much the metals would have to rise for my account to show a profit. Then I made my buy, but put more money down than I needed to, so that my equity would be much higher and my interest payments much smaller. With this position, my leverage would only be 3 to 1. This gave me a lot of headroom to accommodate the large price swings that silver is prone to, without getting a margin call… and the last thing I wanted was a margin call.
For more than a year I babysat my position, all the time readjusting my equity to approximately 33%, keeping my leverage at 3 to 1. Every time my equity would get over 50%, I would use some of the equity to buy more ounces and get my leverage back to 3 to 1, and I never got a margin call. I had stellar results, as silver moved up from the $4.40 area to a peak of $8.50. But then, in April of 2004, in just seven trading days, silver fell by the largest percentage of any month in over 20 years.
Two days after the silver price hit bottom, I got two letters from my dealer in the mail. The first letter I opened informed me the price drop had caused the equity in my account to fall below the margin call limits, and it gave me the opportunity to send in a payment to cover my margin call.
The second letter informed me that, due to recent price fluctuations, the equity in my account unfortunately had fallen below minimum required levels, causing the dealer to liquidate my position. Both of these letters were dated and postmarked on the same day—one offering me the opportunity to cover my position, the other telling me I had no position to cover.
Had I had the opportunity to cover, I would have done so in a heartbeat. You see, when you cover a margin call on precious metals, you are simply buying the extra ounces that your equity no longer covers. I knew, even back then, that silver was headed for the moon, and on the day my position was liquidated, I could have bought all those extra ounces for less than $6 each.
When I opened my account with the new dealer, the salesman assured me I would have 48 hours to cover any margin call. I guess he—like me—never ever read the fine print.
In the end, my attempt to save that couple of percent off the cost from my trusted dealer had cost me 100% of my investment.
About six months before writing this, a customer called me to buy some silver, and in our conversation I cautioned him against using leverage. He responded with a 20-minute story that was almost identical to mine. He called the same dealer to purchase silver and was sold a leveraged account. He, however, kept his leverage at 5 to 1. The story ended with him losing half a million dollars, with no opportunity to cover his margin call.
Then just a few days before writing this, a friend with whom I hadn't spoken with for quite some time told me that she had called the same dealer to buy silver and was talked into the same type of account. Like the customer above, she also had put down only the minimum amount required, so her leverage was 5 to 1. The first time the price fell, her position was liquidated, and she was never given the opportunity to cover.
I think I see a pattern here.
How is it possible in this great 21st century gold and silver bull market, this many folks are losing that kind of capital?
Well the answer lies somewhere between investor ignorance, a lack of proper due diligence, poor silver and gold investment vehicle choices, investor greed, and perhaps electing and entrusting the wrong parties to do business with.
Today we would like to tackle one of the biggest silver and gold investor killers out there -> Leverage Accounts.
Over the years, leverage accounts have been responsible for transferring hundreds of millions of dollars of capital away from investors and into the pockets of dealers who offer levered financing for silver or gold speculation.
Simply put, when you introduce leverage… you introduce risk.
Leveraged investing is when you borrow money in order to invest. With a leveraged investment, you would invest a large sum up-front, then make regular payments to pay back the amount you borrowed, plus the interest. The potential advantage of the leveraged investment is that there is a larger amount earning returns over a longer period of time. If the return on your investment is greater than the principal borrowed plus the interest, your leveraged investment has outperformed a traditional investment.
Leverage generally enables the investor to own more of a stock or commodity without paying full price for it. The downside to it is, if your investment loses money, your losses are exponentially greater. In the case of leverage, you are going up against a mathematical formula plus compounding fees engineered to work against you.
Leveraged silver and gold accounts are pitched to investors based on their upside “potential”, the problem is the downside-devil in their detail. These types of accounts are typically designed to aggressively drive wealth away from investors when large short-term swings occur. If you don't know what you're doing (and many times even if you do), leverage can also magnify your losses to 100% and beyond!
The following excerpt is from the aforementioned report out of Southern Florida:
Little Regulation, Lots of Risk can Leave Gold Investors on Shaky Ground
– 3/19/2011
Customers are also told they can buy "on leverage" — meaning they can obtain financing so they can purchase more metal.
For example, a customer could put down $1,000 to buy $5,000 worth of gold. The financing comes from separate businesses called "clearing firms" or "clearing houses," that have pre-existing relationships with the precious metals firms.
Under such leveraged arrangements, if metal prices fall by a certain amount, clients are subject to a "margin call," meaning they must pony up more cash — or risk losing their money.
A Federal Trade Commission official testified before Congress last year that the agency has seen a rise in unscrupulous telemarketers pitching highly leveraged precious metals sales to consumers who don't understand how the deals work or the risks involved.
"The telemarketers charge hefty commissions and other fees that significantly reduce or completely eliminate the value of the consumers' initial investments," Lois Greisman, an associate director in the FTC's Bureau of Consumer Protection, told the House Subcommittee on Commerce, Trade and Consumer Protection.
Frank Widmann, director of securities for Florida's Office of Financial Regulation, told the Sun Sentinel that the volatility of this market can make it treacherous territory for inexperienced gold buyers.
"This is an area where it's real easy to mess with investors," he said.
In July 2010, Mike Maloney wrote the following in a WealthCycles.com article entitled - Beware of Fools Gold - Leverage:
When I first started accumulating gold and silver, I purchased a small quantity from a dealer. Naturally, when I was ready to purchase more, I went back to that same dealer. Over time, I developed a good relationship with that dealer, and I trusted him.
But as my purchases became larger, I decided to shop around to see if I could save some money. I called a dealer I saw on a TV ad, and, low and behold, his price was a couple percent less than my original, trusted dealer. While I was making my purchase from the new dealer, the salesman there convinced me that I could do a lot better with a margined account, where I could leverage my gold and silver at five to one.
Now I was no novice. I had used margin for quite some time and was already quite well informed regarding its asymmetrical leverage. So I didn't buy immediately; instead, I investigated the opportunity for a couple of days, then calculated the interest I'd be paying and the storage fees, determining exactly how much the metals would have to rise for my account to show a profit. Then I made my buy, but put more money down than I needed to, so that my equity would be much higher and my interest payments much smaller. With this position, my leverage would only be 3 to 1. This gave me a lot of headroom to accommodate the large price swings that silver is prone to, without getting a margin call… and the last thing I wanted was a margin call.
For more than a year I babysat my position, all the time readjusting my equity to approximately 33%, keeping my leverage at 3 to 1. Every time my equity would get over 50%, I would use some of the equity to buy more ounces and get my leverage back to 3 to 1, and I never got a margin call. I had stellar results, as silver moved up from the $4.40 area to a peak of $8.50. But then, in April of 2004, in just seven trading days, silver fell by the largest percentage of any month in over 20 years.
Two days after the silver price hit bottom, I got two letters from my dealer in the mail. The first letter I opened informed me the price drop had caused the equity in my account to fall below the margin call limits, and it gave me the opportunity to send in a payment to cover my margin call.
The second letter informed me that, due to recent price fluctuations, the equity in my account unfortunately had fallen below minimum required levels, causing the dealer to liquidate my position. Both of these letters were dated and postmarked on the same day—one offering me the opportunity to cover my position, the other telling me I had no position to cover.
Had I had the opportunity to cover, I would have done so in a heartbeat. You see, when you cover a margin call on precious metals, you are simply buying the extra ounces that your equity no longer covers. I knew, even back then, that silver was headed for the moon, and on the day my position was liquidated, I could have bought all those extra ounces for less than $6 each.
When I opened my account with the new dealer, the salesman assured me I would have 48 hours to cover any margin call. I guess he—like me—never ever read the fine print.
In the end, my attempt to save that couple of percent off the cost from my trusted dealer had cost me 100% of my investment.
About six months before writing this, a customer called me to buy some silver, and in our conversation I cautioned him against using leverage. He responded with a 20-minute story that was almost identical to mine. He called the same dealer to purchase silver and was sold a leveraged account. He, however, kept his leverage at 5 to 1. The story ended with him losing half a million dollars, with no opportunity to cover his margin call.
Then just a few days before writing this, a friend with whom I hadn't spoken with for quite some time told me that she had called the same dealer to buy silver and was talked into the same type of account. Like the customer above, she also had put down only the minimum amount required, so her leverage was 5 to 1. The first time the price fell, her position was liquidated, and she was never given the opportunity to cover.
I think I see a pattern here.
Tuesday, March 1, 2011
Numis Network
Once again, Numis Network is making history!
Introducing Numis Network’s Five Year 100% Buy Back Guarantee.
The Industry's BEST and ONLY Buy Back Guarantee:
Numis Network guarantees to buy back any coin purchased through our Silver Coin
of the Month Club, in 5 years, for 100% of the original purchase price!
The announcement of this historic guarantee is powerful in what it can do for your business... and your income!
The Numis Network Five Year 100% Buy Back Guarantee eliminates most common concerns such as:
- "Let me check it out with a coin dealer."
- "Let me see what it's selling for online."
- "How do I know if these coins are valuable?"
- "Where do I sell my coins?"
With this iron-clad guarantee, none of those issues are relevant any longer.
This historic announcement is also great news for your recruiting efforts. Let’s face it, this incinerates the biggest reason someone might not join your business, or the Silver Coin of the Month Club.
The 100% Buy Back Guarantee is also tremendously beneficial for retention of your customers. Once people realize that they can’t lose, many will continue to stay on the Silver Coin of the Month Club.
This is has never been done before!
Don’t mistake Numis Network’s Five Year 100% Buy Back Guarantee for some ordinary, plain vanilla money back guarantee. It’s so much more!
Think about it.
Do you know of any other product (or collectible) that you can own, enjoy, use, and display for 5 full years… and then return it to the merchant for 100% of the original purchase price?
THAT’S UNHEARD OF!!
Click the Buy Back Guarantee logo on the homepage of your NumisNetwork.com website
for all the details about this revolutionary offer.
Monday, February 28, 2011
Coin Buying Tips
Set a limit and stick to it
- It’s easy to get caught up in the excitement of finding a coin (or two) you’ve been looking for and spending more than you should. If you set a limit on how much you’re going to spend before going to a coin show or into a coin shop it’ll be easier to stay within your budget.
Don’t invest more money than you can afford to lose. Nothing is guaranteed to go up in value.
Look for coins graded by a major grading service
- There’s lots of grading services but not all of them are reputable. Become familiar with the major services and stick with them.
Buy from established dealers or shops
- You wouldn’t buy stocks from just anyone and you shouldn’t buy coins from just anyone either. At least not unless you’re a long time expert. Buying from reputable dealers or shops gives you the ability to return the coin if you decide you’re not happy with it.
If it sounds too good to be true
- Yep, it probably is. Nobody’s giving coins away, so that unbelievably cheap coin is probably just that-cheap.
Major coin shows can be a great place to find both a large selection and a large variety. The dealers come from all over the country and they’re very knowledgeable. And they’re usually quite willing to share their knowledge.
Buy a good book on coin grading, then you can learn about the grading for the coins you’re interested in before you buy them.
Charles Hopson
609-706-5503
skype: cphopson
https://www.numisone.com/ils401
Article compliments of skaDoogle
- It’s easy to get caught up in the excitement of finding a coin (or two) you’ve been looking for and spending more than you should. If you set a limit on how much you’re going to spend before going to a coin show or into a coin shop it’ll be easier to stay within your budget.
Don’t invest more money than you can afford to lose. Nothing is guaranteed to go up in value.
Look for coins graded by a major grading service
- There’s lots of grading services but not all of them are reputable. Become familiar with the major services and stick with them.
Buy from established dealers or shops
- You wouldn’t buy stocks from just anyone and you shouldn’t buy coins from just anyone either. At least not unless you’re a long time expert. Buying from reputable dealers or shops gives you the ability to return the coin if you decide you’re not happy with it.
If it sounds too good to be true
- Yep, it probably is. Nobody’s giving coins away, so that unbelievably cheap coin is probably just that-cheap.
Major coin shows can be a great place to find both a large selection and a large variety. The dealers come from all over the country and they’re very knowledgeable. And they’re usually quite willing to share their knowledge.
Buy a good book on coin grading, then you can learn about the grading for the coins you’re interested in before you buy them.
Charles Hopson
609-706-5503
skype: cphopson
https://www.numisone.com/ils401
Article compliments of skaDoogle
Saturday, February 19, 2011
Numis Network Announces They Will Buy Back Your Autoship at 100% for 5 Years
Numis Network Announces They Will
Buy Back Your Autoship at 100% for 5 Years
Numis Network, a gold and silver mlm based out of Tampa, Florida, has lost their mind. Last night, at the Bally’s hotel in Las Vegas, they announced something that has NEVER been done before in the homebased business arena. In fact, it is probably something that will never be done by anyone else. Numis Network announced that any coin you receive through the coin of the month autoship, they offer a 100% buyback guarantee for 5 years. What does that actually mean?
Numis Network Is The Lowest Risk MLM in History
What is the biggest fear most network marketers face when joining a network marketing company? I believe it is to get stuck with a garage full of product that they cannot do anything with that their spouse points out daily reminding them of their non-success and the wonderful statement of “I told ya so”. Now, Numis Network is the ONLY company in the network marketing arena where that can actually never, ever happen as the company is now offering a 100% money back guarantee on any autoship silver coin of the month for up to 5 years. Here are some objections that Numis Network reps no longer face:
Q. How can I sell the coins?
A: You can always get 100% of your money back for 5 years by selling to the company
Q: How much will these coins be worth in 5 years?
A: You can always get 100% of your money back for 5 years by selling to the company
Q: What if gold and silver decrease in value?
A: You can always get 100% of your money back for 5 years by selling to the company
Numis Network vs Bullion
A common objection Numis Network reps face is that some prefer to buy bullion as an investment. They say that if the economy worsens, bullion will hold it’s value and numismatic coins will not. That has not been true historically but let’s take a deeper look at that. There is a certain financial guy out there, I won’t say his name but it rhymes with Bike Baloney. Mr. Baloney is a middle man for gold and silver and is a reseller of gold and silver. That explains why his prices on gold and silver bullion are about the highest in the industry but he has done a great job of promoting and marketing and so a lot of people do make purchases with him. Yesterday his price on silver eagle bullion coins was over $38 (my three sources were $36) and his buyback guarantee was $33. That $5 spread is the largest spread in bullion I have ever seen with any company as most are $1-$2 but it makes sense as he is a reseller and has to have that type of spread. Numis Network is offering a buyback of 100% for up to 5 years versus make $5 out of of a $38 purchase the same day. Pretty darn cool. Oh yeah, there is no way to make an income with the simple purchase of bullion. My recommendation: Build Numis Network and then use some of your commissions to buy bullion (from a better priced place than Mr. Baloney of course).
Numis Network Vs. The Others
Are you spending money on something that you really would prefer not to have a garage full of? When you are talking to new prospects for your business, can you tell them that the worst case scenario is they get to sell their product back to the company and get their money back?
Whether you like numismatic coins or not, isn’t it pretty darn amazing to have this sort of guarantee in place that the owners put their money where their mouth is? Now, some of you might think, well Ray, with gold and silver doing what it is doing, that is pretty low risk for the company…well, doesn’t that mean it is always very low risk for anyone that joins Numis Network? Game on!
Charles Hopson
609-706-5503
skype: cphopson
https://www.numisone.com/ils401
Buy Back Your Autoship at 100% for 5 Years
Numis Network, a gold and silver mlm based out of Tampa, Florida, has lost their mind. Last night, at the Bally’s hotel in Las Vegas, they announced something that has NEVER been done before in the homebased business arena. In fact, it is probably something that will never be done by anyone else. Numis Network announced that any coin you receive through the coin of the month autoship, they offer a 100% buyback guarantee for 5 years. What does that actually mean?
Numis Network Is The Lowest Risk MLM in History
What is the biggest fear most network marketers face when joining a network marketing company? I believe it is to get stuck with a garage full of product that they cannot do anything with that their spouse points out daily reminding them of their non-success and the wonderful statement of “I told ya so”. Now, Numis Network is the ONLY company in the network marketing arena where that can actually never, ever happen as the company is now offering a 100% money back guarantee on any autoship silver coin of the month for up to 5 years. Here are some objections that Numis Network reps no longer face:
Q. How can I sell the coins?
A: You can always get 100% of your money back for 5 years by selling to the company
Q: How much will these coins be worth in 5 years?
A: You can always get 100% of your money back for 5 years by selling to the company
Q: What if gold and silver decrease in value?
A: You can always get 100% of your money back for 5 years by selling to the company
Numis Network vs Bullion
A common objection Numis Network reps face is that some prefer to buy bullion as an investment. They say that if the economy worsens, bullion will hold it’s value and numismatic coins will not. That has not been true historically but let’s take a deeper look at that. There is a certain financial guy out there, I won’t say his name but it rhymes with Bike Baloney. Mr. Baloney is a middle man for gold and silver and is a reseller of gold and silver. That explains why his prices on gold and silver bullion are about the highest in the industry but he has done a great job of promoting and marketing and so a lot of people do make purchases with him. Yesterday his price on silver eagle bullion coins was over $38 (my three sources were $36) and his buyback guarantee was $33. That $5 spread is the largest spread in bullion I have ever seen with any company as most are $1-$2 but it makes sense as he is a reseller and has to have that type of spread. Numis Network is offering a buyback of 100% for up to 5 years versus make $5 out of of a $38 purchase the same day. Pretty darn cool. Oh yeah, there is no way to make an income with the simple purchase of bullion. My recommendation: Build Numis Network and then use some of your commissions to buy bullion (from a better priced place than Mr. Baloney of course).
Numis Network Vs. The Others
Are you spending money on something that you really would prefer not to have a garage full of? When you are talking to new prospects for your business, can you tell them that the worst case scenario is they get to sell their product back to the company and get their money back?
Whether you like numismatic coins or not, isn’t it pretty darn amazing to have this sort of guarantee in place that the owners put their money where their mouth is? Now, some of you might think, well Ray, with gold and silver doing what it is doing, that is pretty low risk for the company…well, doesn’t that mean it is always very low risk for anyone that joins Numis Network? Game on!
Charles Hopson
609-706-5503
skype: cphopson
https://www.numisone.com/ils401
Thursday, December 2, 2010
A Numis Network Review From Someone Who Thought He'd NEVER Join... By David Wood
I’ve been hesitating to write this review for the last week, because of the controversy and pain of dealing with all of the comments that reviews of this nature create, but because of certain things that I said over the last couple of months, I find that it would be useful to bring out in the open a discussion of ‘The Numis Network‘ from the perspective of someone who not only thought he’d never join, but was an open, public critic of the company.
The Numis Network Is An Interesting Animal:The Numis Network Is A Funny Animal
It’s actually funny to watch the emotional, knee jerk reactions that both myself, and hundreds of other people have had to this company. Numis seems to spark more controversy, critics, and on the flip side – fanatical promoters than any MLM company that has emerged either on or off the internet for the last 20 or 30 years.
In fact, when I first became aware of the company, I thought it was the stupidest thing that I had ever seen. I wrote a review bashing it, told people not to join it, told people I didn’t think it would last, and here’s the funny thing…
…I gave people a million and one reasons why they shouldn’t buy numismatic coins – as if I knew something about the industry and was some kind of coin expert.
Sound familiar?
Sometimes the responsibility of a leader in this industry, and also a leader in life is to be willing to step down and admit that he is wrong. The fact is, as a leader in this industry, I should have never, ever criticized a company that I knew so little about – however, I wanted to take some time to address some of the specific criticism that I brought out, AND that has been raised by others.
“So Why The Heck Does Numis Attract So Much Criticism?”
The first thing that I would like to address is why The Numis Network creates such dramatic criticism in the first place, something that if you’ve found your way to this review, you’ve probably noticed. In fact, never in the last seven years in this industry have I ever seen a company that creates such massive controversy. I recently found out that hundreds of industry leaders privately thought that my last company, iLearningGlobal, wouldn’t last – but for some reason no one criticized it, ever.
In fact, not only did they not criticize it, there was no information on the internet, anywhere, from anyone who wasn’t a distributor. (The reason is, I later found out, I had one of only two teams in the company that was actually growing, so no one really cared about it – they all thought it would just fizzle out, which it did).
The reality is – people criticize what they don’t understand and they are afraid of. Why would someone be afraid of Numis? Because it’s growing so fast that people from all kinds of Network Marketing companies are both joining, and taking their downline with them. When I was in iLearningGlobal, I got 5-10 phone calls a day for a month straight asking my opinion on The Numis Network, and I had someone quitting my business and joining it at least every 3 days. I promise you, that the reason people, ESPECIALLY who know absolutely nothing about the company (which is most of them), are simply afraid that their downline is going to leave, and for good reasons.
I wanted to take a second to publicly apologize for being an ‘ignorant‘ scaredy cat.
“What About The Coins? Aren’t They A Rip-Off?”
One of the funniest things about network marketers who take a look at Numis is the questions that they ask that they never bring up about any other company in the industry.
For example, I was talking to a distributor in a juice company last week who said ‘I would never buy over-priced coins‘, and at the same time they were both selling and buying a couple hundred dollars worth of juice per month – amounting to a grand total of about two gallons of product.
Now, I would never criticize a juice company, and I buy some of those products myself – but does that even make sense as a distributor in this industry? From a consumer perspective, it’s a valid question – but if you’re in network marketing, don’t be crazy. In my last company, I was marketing a personal development service that cost $179 per month where you could get almost all of the information on YouTube for free – and hundreds of new people were subscribing on a monthly basis who felt that it was worth it. When I was in my last company, I was spending $250 per month on an auto-ship for about the same amount of vitamins that I could get at my local health food store for $50. Now, they may have been BETTER vitamins – but let’s stop being hypocrites, ok?
The amount of people on the internet that have never made a dime in network marketing that all of the sudden claim to be ‘coin’ experts is astounding. Did you know that no-one ever made a statue to celebrate the accomplishments of someone who wasted their day criticizing things they don’t understand?
So what about the actual value of the product? The ‘value’ of a product is what someone is willing on a large scale to pay for it – it’s a simple phenomenon of supply and demand. The reality that I didn’t want to admit when I took a look at the company – because I was never a coin collector – is that the Numismatic product niche is a $100 billion worldwide market, and one of our partners, Mike Mezack, PERSONALLY does more than $100 million in sales for this exact product annually – and there are hundreds of thousands of people who are more than happy to pay for it.
There was a guy in my old team (no-mentioning names here, because he’s a cool guy) who went off on me about how it’s ‘unethical‘ to sell numismatic coins and he could never do it because of his fantastic ‘ethics‘. Well, it just so happens that this guy has also never made more than maybe $100 a month in network marketing, and in five months sponsored a grand total of one distributor, and every single other person that he had in his team – I personally put there, for a grand total of about 15 people. Now, I LIKE this guy – he’s cool, and I do believe he can and will succeed in this industry (or I wouldn’t have put people in his team), but don’t give me bull-crap.
If you’re going to claim to have some kind of superior ‘ethics’ – don’t talk to me about it until you have some results to show. My ethical friend there is now selling water for $50 a case. (***As a note – I love the water deal, and will probably buy some – and I’m not talking about my friend John, who is a great leader who I believe will eventually make a million a year in this industry and who HAS sponsored a LOT of people – I’m just pointing out a general inconsistency that is created out of fear of failure). If you’re going to claim ‘ethics’ don’t pretend you’re a leader if you have never made $200 a month in network marketing.
“Is Numis An Investment? David X Seems To Say That Numis Reps Are ‘Claiming’ It’s an investment.”
One of my biggest hang ups when I first looked at The Numis Network was that I just couldn’t figure out why someone would pay $99 for a coin that had around $18 of silver in it. I was looking at it through the eyes of a precious metal investor – and the fact is, that I had never even watched an entire business presentation from the company and I had no idea what the word ‘numismatic’ meant.
Funny enough, when I finally did, I noticed that not just once, but at least three times throughout the course of the presentation, that not only did the rep specifically mention that Numis is NOT an investment, but that there was a whole five minute section of the presentation dedicated to explaining the exact difference between an ‘investment’ and a ‘collectible’.
Because we can legally make a statement ‘historically, the value of these coins has increased’ DOES NOT mean we are even remotely claiming that it is some kind of investment – so stop being an idiot. David X is known now in our inner circle as ‘The Coin Messiah’ or ‘TCM’ because of his desire to ‘save everyone‘ from buying numismatics. (As a side note – I like David, and I don’t think he’s intentionally being ignorant – I think he’s just spoken out and now maybe his pride is in the way).
See, once I actually saw the presentation, I got it right away – because I’ve been collecting things my whole life. When I was about 8 years old, I started collecting comic books, and today that collection is probably worth $20-$30 thousand dollars. If I told you ‘historically, comic books have gone up in value…’ would you think that I was an investment advisor?
No. So stop trying to pretend that Numis reps are proposing investments, when on every page of our websites, and for five minutes in the presentation we explain the exact difference between investments and collectibles. Collectibles DO go up in value, it might not be in 5 years, 10, or even 15, but my dad had a mint condition copy of Spiderman #1 – which I believe is worth over $100,000 because over time, collectibles get more rare.
Do you see how silly the whole ‘investment’ objection is? It doesn’t even remotely make sense unless you’re trying to say that the company does the EXACT OPPOSITE of what is right on the front of their websites.
“Hasn’t This Been Tried Before? I Knew A Guy Who’s Best Friends Dad Lost His Shirt In A Coin Deal”
No. In fact, when I looked into the company – I thought that it had because I’ve seen ‘Gold and Silver’ deals go under before. The critical difference is that those companies were dealing in an entirely different product niche – they were marketing ungraded bullion coins for an unwarranted mark-up in price.
In fact, I’ve sponsored several people into Numis that were in ‘Gold Unlimited’ in the 90′s, and from what I understand, what we do couldn’t be further from what has happened in the past. The Numis Network markets Gold and Silver NUMISMATIC coins graded by the three most respected grading agencies in the world, and we market a LEGITIMATE product that people are already spending money on – at competitive market prices – which is not just different from what you have seen – it is an entirely different kind of industry from anything that has hit the Network Marketing model in the last 120+ years of this industry.
We are a ‘first mover’.
“Isn’t The ‘Executive Kit’ Just An Excuse To Pass Money Around?”
One of the things that I criticized about the Numis Network when I first looked at it was that it seemed that 90% of the income came from something called a ‘coded’ bonus (which was an accurate assumption, it does). Well, the coded bonus is created from the sale of ‘The Executive Kit’ when you’re enrolling a distributor for $495 and they purchase the ‘Fast Track Collectors Kit’. Len Clements, a well known network marketing analyst, said that the value of the actual sign up is questionable, and that it could be viewed as something that just exists for the sake of compensation – which would be valid if there wasn’t actual, tangible value in the enrollment kit.
As a distributor who has purchased the kit – I can tell you nothing could be further from reality. Let me just give you a couple of examples.
In my last company, iLearningGlobal, I had to manually enter all of my distributor’s information into a contact management system just to be able to email my downline and keep them in the loop of what we’re doing as a team – a chore that took at a minimum 2, and usually 5 hours a week and cost me an extra $50 per month – or $600 per year.
Just ONE of the things that is included in that $495 signup is a BBS system that I would have gladly paid $495 for by itself just to save the time, not to mention the actual savings from the system itself as the team expands. I also had to completely design a sales funnel from the ground up in that company, where in Numis, they have a pre-designed custom internet marketing sales funnel that’s included, IN ADDITION to the most professional customer website I’ve ever had, a website that I have ACTUALLY had customers just go to and buy product because that Mike Mezack guy is so good at selling.
In fact – as a distributor, I’d have to say that the $495 distributor enrollment is going to save me $5,000 a year in pointless fees and systems that I would have to pay for elsewhere, but don’t need at all as a Numis rep – PLUS, you get a perfect Mint State 70 Silver American Eagle (retail value of $125) with the $495 distributor kit – so don’t give me crap, especially if you’re selling a $1000 package of vitamins you could buy for $200.
When I was in a vitamin company, I had to pay $1,000 for the vitamins when I joined and order another $500 in sales tools – and I GLADLY paid, because it made me money, I just don’t need any of that ‘extra’ stuff here – because it’s included. If you buy a Subway franchise, it costs over $20,000 PLUS you’ve got to pay overrides every month to the Subway corporation and rent real estate space and pay for employees – now THAT’S passing money around.
The ‘Numis Doesn’t Have Residual Income‘ Myth
When I first saw Numis, I called an industry leader (who shall remain anonymous), and asked him what he thought, and he said something that I thought was fascinating, he said ‘In my opinion, you can’t mark up a fixed priced product enough to pay a downline’.
Well, when I first wrote a review on Numis, I mentioned how the residual income is crappy because they are, in reality, only paying out about 30% of the ACTUAL MONEY SPENT on the flagship product – the MS70 Silver American Eagle. Well, I was right about the 30% part (they pay 50% of BV, and there is 60 BV points from one MS70 Silver Coin that costs $99).
You see, I was comparing the payout of Numis to the payout of juice companies, vitamin companies, and my company, which range from 40%-60%, and I pointed out how, magnified over a team of thousands of people, 30% seemed like a lot less money.
Well, if retention rates were all the same, that would be completely true, and if Numis didn’t have a coded bonus (more on that in a bit), you would need quite a lot of people to make a significant monthly income. What I wasn’t admitting, however, is the whole myth of residual income in most companies isn’t really true, anyways.
For example, in my last company, I was told we had a company wide retention rate of 93%, which if it had been 100% accurate, the residuals from that product would have been absolutely astounding. What I wasn’t aware of, though, that I found out when the company closed down, is that we ACTUALLY had a 93% monthly retention rate (big difference), and that in the Network Marketing industry, 93% monthly retention is actually pretty good. (Now to be fair on myself, I think I had a bit better retention than average, but still…)
I built a team of around 1000 people in a well known vitamin company, years ago, and today I still have that business – THE ONLY people that are still on an autoship are people that had life changing product experiences. All of the ‘I take vitamins, and feel great’ people have canceled their product orders, one by one and now there is a grand total of MAYBE 30-40 people who got ‘cured’ of something for taking them (don’t tell the FDA).
I talked to Ray Higdon, one of the founding distributors here at The Numis Network, and he’s been a distributor for around 8 months at the time of this writing and has had right around a 94% total persistency for 8 months in his business – that’s A LOT better than a 93% MONTHLY retention, and a LOT better than you’ll get in any vitamin company in the world.
Sometimes, LESS is more – as is the case with this. Why aren’t people canceling their autoship? I guess there’s something that’s cool and attractive about getting pure, Mint Condition Gold and Silver coins in the mail every month – people don’t feel like they’re spending money, they feel like they’re purchasing a valuable collection of assets – BIG difference.
Here’s the COOL thing… Residuals are just an ‘EXTRA’ bonus in The Numis Network…
So people are keeping their auto-ship (because getting Gold and Silver in the mail is ‘cool‘ or for whatever reason – it’s still happening, which is getting me pumped just thinking about it) – but here’s the best part about Numis…
…residuals are just ‘extra’ here. You see, in most actual MLM companies, there are no residuals – incomes are formed and maintained by systems that keep people flowing in to the company faster than they leave – that’s not residual income, it’s ‘promotional’ income. REAL residuals in most companies are actually quite small (with a few big exceptions), because people don’t like being on auto-ships – so when they decide not to build a downline, they cancel their product order – which happens about 85% of the time within 12 months.
Well, in The Numis Network – people LIKE their autoship – because they’re building value every month – but aside from that – it’s totally irrelevant in my opinion, because the ‘Coded’ bonus pays so much danged money out if you’re growing at all – the residuals are just a nice, extra bonus. Let’s face it – residuals take forever to build, anyways, I want to make money now, don’t you?
If you’re critical of the coded bonus, I understand. I didn’t understand it either when I looked at it, and I didn’t know my history. The coded bonus was innovated by a company called Excel Telecommunications in the 90′s, which was the fastest growing MLM company in the history of America, hitting $1 billion in sales four times faster than Microsoft. The top earner in Excel earned $1.7 million per month for 18 months straight, 95% of which came from a ‘coded bonus’ written almost ‘exactly’ like the bonus in Numis.
(We’ve made some improvements, and we have residuals, too – which Excel just didn’t have…)
I can’t say exactly how much I made my first week in business – but I’ll tell you this – that ‘coded’ bonus made me more money in my first 14 days than I ever made in a month in my last MLM company after SIX MONTHS of aggressively building.
It’s VERY, VERY cool – and we pay it weekly.
…and if we’re going to talk about ‘ethics’, let’s talk about the ‘ethics’ of telling someone their is residual income when there is not. I’m so sick of people filling my head with crap in this industry – that it’s time for us ALL to set a new standard, don’t you think? How about the ethics of getting someone involved in an ‘opportunity’ that gives them a grand total ‘promotional’ check of $200 after they finally have their 200th person in their downline?
With Numis, people have the ability to generate commissions quickly, now that’s an ETHICAL business to promote – because let’s face it – we’re in this industry to create wealth…
…or are you just here to ‘piddle around‘?
My Final Thoughts
The reality is, even thought people aren’t willing to admit the simple truth – The Numis Network is growing like a wild, uncontrollable fire. In this, or any other profit driven industry – you can either get involved with an idea that is moving on it’s own, or you can do what I tried to do in my last venture – which is to FORCE an idea that nobody gets into the minds of the mass populace.
That’s hard – and it doesn’t work for the average person.
The Numis Network is hot. It’s moving. It’s easy for the average person to explain – COMMISSIONS can be generated quickly if you’re producing, and let’s face it…
…getting Gold and Silver in the mail every month is just cool. It’s almost like we have an extra paycheck once per month… We get paid weekly through all of our ways of earning – and monthly on an autoship of Gold and Silver.
As my good friend, Larry Beacham, a GREAT Network Marketing leader says:
“Everyone sells something – why not sell money?
Everyone collects something – why not collect money?”
Ha ha.
Let me tell you what I told Cedrick Harris and Brian Fanale the other day – I believe that The Numis Network is MY FIRST legitimate chance to build a team of 100,000 distributors in the network marketing industry – it’s the only thing that I’ve ever been a part of that ACTUALLY duplicates, and I’m just flat excited. My PRODUCT is money – and I’m proud of it. Let’s go out – and TRANSFORM the destiny of nations.
If you’re on the fence, get back to the person who invited you to view this article, and find out how you can lock in a spot. Timing in this, and in life, is critical. I’ll look forward to working with you.
-David Wood
P.S. You are welcome to re-post this in whole or in part if you link back to http://workwithdavidwood.com/numis-network-review-mlm-network-marketing/.
P.P.S. PLEASE – leave your comments and re-tweet this post if you’re a Numis rep – let’s set the record straight about what ‘David Wood’ thinks about Numis.
The Numis Network Is An Interesting Animal:The Numis Network Is A Funny Animal
It’s actually funny to watch the emotional, knee jerk reactions that both myself, and hundreds of other people have had to this company. Numis seems to spark more controversy, critics, and on the flip side – fanatical promoters than any MLM company that has emerged either on or off the internet for the last 20 or 30 years.
In fact, when I first became aware of the company, I thought it was the stupidest thing that I had ever seen. I wrote a review bashing it, told people not to join it, told people I didn’t think it would last, and here’s the funny thing…
…I gave people a million and one reasons why they shouldn’t buy numismatic coins – as if I knew something about the industry and was some kind of coin expert.
Sound familiar?
Sometimes the responsibility of a leader in this industry, and also a leader in life is to be willing to step down and admit that he is wrong. The fact is, as a leader in this industry, I should have never, ever criticized a company that I knew so little about – however, I wanted to take some time to address some of the specific criticism that I brought out, AND that has been raised by others.
“So Why The Heck Does Numis Attract So Much Criticism?”
The first thing that I would like to address is why The Numis Network creates such dramatic criticism in the first place, something that if you’ve found your way to this review, you’ve probably noticed. In fact, never in the last seven years in this industry have I ever seen a company that creates such massive controversy. I recently found out that hundreds of industry leaders privately thought that my last company, iLearningGlobal, wouldn’t last – but for some reason no one criticized it, ever.
In fact, not only did they not criticize it, there was no information on the internet, anywhere, from anyone who wasn’t a distributor. (The reason is, I later found out, I had one of only two teams in the company that was actually growing, so no one really cared about it – they all thought it would just fizzle out, which it did).
The reality is – people criticize what they don’t understand and they are afraid of. Why would someone be afraid of Numis? Because it’s growing so fast that people from all kinds of Network Marketing companies are both joining, and taking their downline with them. When I was in iLearningGlobal, I got 5-10 phone calls a day for a month straight asking my opinion on The Numis Network, and I had someone quitting my business and joining it at least every 3 days. I promise you, that the reason people, ESPECIALLY who know absolutely nothing about the company (which is most of them), are simply afraid that their downline is going to leave, and for good reasons.
I wanted to take a second to publicly apologize for being an ‘ignorant‘ scaredy cat.
“What About The Coins? Aren’t They A Rip-Off?”
One of the funniest things about network marketers who take a look at Numis is the questions that they ask that they never bring up about any other company in the industry.
For example, I was talking to a distributor in a juice company last week who said ‘I would never buy over-priced coins‘, and at the same time they were both selling and buying a couple hundred dollars worth of juice per month – amounting to a grand total of about two gallons of product.
Now, I would never criticize a juice company, and I buy some of those products myself – but does that even make sense as a distributor in this industry? From a consumer perspective, it’s a valid question – but if you’re in network marketing, don’t be crazy. In my last company, I was marketing a personal development service that cost $179 per month where you could get almost all of the information on YouTube for free – and hundreds of new people were subscribing on a monthly basis who felt that it was worth it. When I was in my last company, I was spending $250 per month on an auto-ship for about the same amount of vitamins that I could get at my local health food store for $50. Now, they may have been BETTER vitamins – but let’s stop being hypocrites, ok?
The amount of people on the internet that have never made a dime in network marketing that all of the sudden claim to be ‘coin’ experts is astounding. Did you know that no-one ever made a statue to celebrate the accomplishments of someone who wasted their day criticizing things they don’t understand?
So what about the actual value of the product? The ‘value’ of a product is what someone is willing on a large scale to pay for it – it’s a simple phenomenon of supply and demand. The reality that I didn’t want to admit when I took a look at the company – because I was never a coin collector – is that the Numismatic product niche is a $100 billion worldwide market, and one of our partners, Mike Mezack, PERSONALLY does more than $100 million in sales for this exact product annually – and there are hundreds of thousands of people who are more than happy to pay for it.
There was a guy in my old team (no-mentioning names here, because he’s a cool guy) who went off on me about how it’s ‘unethical‘ to sell numismatic coins and he could never do it because of his fantastic ‘ethics‘. Well, it just so happens that this guy has also never made more than maybe $100 a month in network marketing, and in five months sponsored a grand total of one distributor, and every single other person that he had in his team – I personally put there, for a grand total of about 15 people. Now, I LIKE this guy – he’s cool, and I do believe he can and will succeed in this industry (or I wouldn’t have put people in his team), but don’t give me bull-crap.
If you’re going to claim to have some kind of superior ‘ethics’ – don’t talk to me about it until you have some results to show. My ethical friend there is now selling water for $50 a case. (***As a note – I love the water deal, and will probably buy some – and I’m not talking about my friend John, who is a great leader who I believe will eventually make a million a year in this industry and who HAS sponsored a LOT of people – I’m just pointing out a general inconsistency that is created out of fear of failure). If you’re going to claim ‘ethics’ don’t pretend you’re a leader if you have never made $200 a month in network marketing.
“Is Numis An Investment? David X Seems To Say That Numis Reps Are ‘Claiming’ It’s an investment.”
One of my biggest hang ups when I first looked at The Numis Network was that I just couldn’t figure out why someone would pay $99 for a coin that had around $18 of silver in it. I was looking at it through the eyes of a precious metal investor – and the fact is, that I had never even watched an entire business presentation from the company and I had no idea what the word ‘numismatic’ meant.
Funny enough, when I finally did, I noticed that not just once, but at least three times throughout the course of the presentation, that not only did the rep specifically mention that Numis is NOT an investment, but that there was a whole five minute section of the presentation dedicated to explaining the exact difference between an ‘investment’ and a ‘collectible’.
Because we can legally make a statement ‘historically, the value of these coins has increased’ DOES NOT mean we are even remotely claiming that it is some kind of investment – so stop being an idiot. David X is known now in our inner circle as ‘The Coin Messiah’ or ‘TCM’ because of his desire to ‘save everyone‘ from buying numismatics. (As a side note – I like David, and I don’t think he’s intentionally being ignorant – I think he’s just spoken out and now maybe his pride is in the way).
See, once I actually saw the presentation, I got it right away – because I’ve been collecting things my whole life. When I was about 8 years old, I started collecting comic books, and today that collection is probably worth $20-$30 thousand dollars. If I told you ‘historically, comic books have gone up in value…’ would you think that I was an investment advisor?
No. So stop trying to pretend that Numis reps are proposing investments, when on every page of our websites, and for five minutes in the presentation we explain the exact difference between investments and collectibles. Collectibles DO go up in value, it might not be in 5 years, 10, or even 15, but my dad had a mint condition copy of Spiderman #1 – which I believe is worth over $100,000 because over time, collectibles get more rare.
Do you see how silly the whole ‘investment’ objection is? It doesn’t even remotely make sense unless you’re trying to say that the company does the EXACT OPPOSITE of what is right on the front of their websites.
“Hasn’t This Been Tried Before? I Knew A Guy Who’s Best Friends Dad Lost His Shirt In A Coin Deal”
No. In fact, when I looked into the company – I thought that it had because I’ve seen ‘Gold and Silver’ deals go under before. The critical difference is that those companies were dealing in an entirely different product niche – they were marketing ungraded bullion coins for an unwarranted mark-up in price.
In fact, I’ve sponsored several people into Numis that were in ‘Gold Unlimited’ in the 90′s, and from what I understand, what we do couldn’t be further from what has happened in the past. The Numis Network markets Gold and Silver NUMISMATIC coins graded by the three most respected grading agencies in the world, and we market a LEGITIMATE product that people are already spending money on – at competitive market prices – which is not just different from what you have seen – it is an entirely different kind of industry from anything that has hit the Network Marketing model in the last 120+ years of this industry.
We are a ‘first mover’.
“Isn’t The ‘Executive Kit’ Just An Excuse To Pass Money Around?”
One of the things that I criticized about the Numis Network when I first looked at it was that it seemed that 90% of the income came from something called a ‘coded’ bonus (which was an accurate assumption, it does). Well, the coded bonus is created from the sale of ‘The Executive Kit’ when you’re enrolling a distributor for $495 and they purchase the ‘Fast Track Collectors Kit’. Len Clements, a well known network marketing analyst, said that the value of the actual sign up is questionable, and that it could be viewed as something that just exists for the sake of compensation – which would be valid if there wasn’t actual, tangible value in the enrollment kit.
As a distributor who has purchased the kit – I can tell you nothing could be further from reality. Let me just give you a couple of examples.
In my last company, iLearningGlobal, I had to manually enter all of my distributor’s information into a contact management system just to be able to email my downline and keep them in the loop of what we’re doing as a team – a chore that took at a minimum 2, and usually 5 hours a week and cost me an extra $50 per month – or $600 per year.
Just ONE of the things that is included in that $495 signup is a BBS system that I would have gladly paid $495 for by itself just to save the time, not to mention the actual savings from the system itself as the team expands. I also had to completely design a sales funnel from the ground up in that company, where in Numis, they have a pre-designed custom internet marketing sales funnel that’s included, IN ADDITION to the most professional customer website I’ve ever had, a website that I have ACTUALLY had customers just go to and buy product because that Mike Mezack guy is so good at selling.
In fact – as a distributor, I’d have to say that the $495 distributor enrollment is going to save me $5,000 a year in pointless fees and systems that I would have to pay for elsewhere, but don’t need at all as a Numis rep – PLUS, you get a perfect Mint State 70 Silver American Eagle (retail value of $125) with the $495 distributor kit – so don’t give me crap, especially if you’re selling a $1000 package of vitamins you could buy for $200.
When I was in a vitamin company, I had to pay $1,000 for the vitamins when I joined and order another $500 in sales tools – and I GLADLY paid, because it made me money, I just don’t need any of that ‘extra’ stuff here – because it’s included. If you buy a Subway franchise, it costs over $20,000 PLUS you’ve got to pay overrides every month to the Subway corporation and rent real estate space and pay for employees – now THAT’S passing money around.
The ‘Numis Doesn’t Have Residual Income‘ Myth
When I first saw Numis, I called an industry leader (who shall remain anonymous), and asked him what he thought, and he said something that I thought was fascinating, he said ‘In my opinion, you can’t mark up a fixed priced product enough to pay a downline’.
Well, when I first wrote a review on Numis, I mentioned how the residual income is crappy because they are, in reality, only paying out about 30% of the ACTUAL MONEY SPENT on the flagship product – the MS70 Silver American Eagle. Well, I was right about the 30% part (they pay 50% of BV, and there is 60 BV points from one MS70 Silver Coin that costs $99).
You see, I was comparing the payout of Numis to the payout of juice companies, vitamin companies, and my company, which range from 40%-60%, and I pointed out how, magnified over a team of thousands of people, 30% seemed like a lot less money.
Well, if retention rates were all the same, that would be completely true, and if Numis didn’t have a coded bonus (more on that in a bit), you would need quite a lot of people to make a significant monthly income. What I wasn’t admitting, however, is the whole myth of residual income in most companies isn’t really true, anyways.
For example, in my last company, I was told we had a company wide retention rate of 93%, which if it had been 100% accurate, the residuals from that product would have been absolutely astounding. What I wasn’t aware of, though, that I found out when the company closed down, is that we ACTUALLY had a 93% monthly retention rate (big difference), and that in the Network Marketing industry, 93% monthly retention is actually pretty good. (Now to be fair on myself, I think I had a bit better retention than average, but still…)
I built a team of around 1000 people in a well known vitamin company, years ago, and today I still have that business – THE ONLY people that are still on an autoship are people that had life changing product experiences. All of the ‘I take vitamins, and feel great’ people have canceled their product orders, one by one and now there is a grand total of MAYBE 30-40 people who got ‘cured’ of something for taking them (don’t tell the FDA).
I talked to Ray Higdon, one of the founding distributors here at The Numis Network, and he’s been a distributor for around 8 months at the time of this writing and has had right around a 94% total persistency for 8 months in his business – that’s A LOT better than a 93% MONTHLY retention, and a LOT better than you’ll get in any vitamin company in the world.
Sometimes, LESS is more – as is the case with this. Why aren’t people canceling their autoship? I guess there’s something that’s cool and attractive about getting pure, Mint Condition Gold and Silver coins in the mail every month – people don’t feel like they’re spending money, they feel like they’re purchasing a valuable collection of assets – BIG difference.
Here’s the COOL thing… Residuals are just an ‘EXTRA’ bonus in The Numis Network…
So people are keeping their auto-ship (because getting Gold and Silver in the mail is ‘cool‘ or for whatever reason – it’s still happening, which is getting me pumped just thinking about it) – but here’s the best part about Numis…
…residuals are just ‘extra’ here. You see, in most actual MLM companies, there are no residuals – incomes are formed and maintained by systems that keep people flowing in to the company faster than they leave – that’s not residual income, it’s ‘promotional’ income. REAL residuals in most companies are actually quite small (with a few big exceptions), because people don’t like being on auto-ships – so when they decide not to build a downline, they cancel their product order – which happens about 85% of the time within 12 months.
Well, in The Numis Network – people LIKE their autoship – because they’re building value every month – but aside from that – it’s totally irrelevant in my opinion, because the ‘Coded’ bonus pays so much danged money out if you’re growing at all – the residuals are just a nice, extra bonus. Let’s face it – residuals take forever to build, anyways, I want to make money now, don’t you?
If you’re critical of the coded bonus, I understand. I didn’t understand it either when I looked at it, and I didn’t know my history. The coded bonus was innovated by a company called Excel Telecommunications in the 90′s, which was the fastest growing MLM company in the history of America, hitting $1 billion in sales four times faster than Microsoft. The top earner in Excel earned $1.7 million per month for 18 months straight, 95% of which came from a ‘coded bonus’ written almost ‘exactly’ like the bonus in Numis.
(We’ve made some improvements, and we have residuals, too – which Excel just didn’t have…)
I can’t say exactly how much I made my first week in business – but I’ll tell you this – that ‘coded’ bonus made me more money in my first 14 days than I ever made in a month in my last MLM company after SIX MONTHS of aggressively building.
It’s VERY, VERY cool – and we pay it weekly.
…and if we’re going to talk about ‘ethics’, let’s talk about the ‘ethics’ of telling someone their is residual income when there is not. I’m so sick of people filling my head with crap in this industry – that it’s time for us ALL to set a new standard, don’t you think? How about the ethics of getting someone involved in an ‘opportunity’ that gives them a grand total ‘promotional’ check of $200 after they finally have their 200th person in their downline?
With Numis, people have the ability to generate commissions quickly, now that’s an ETHICAL business to promote – because let’s face it – we’re in this industry to create wealth…
…or are you just here to ‘piddle around‘?
My Final Thoughts
The reality is, even thought people aren’t willing to admit the simple truth – The Numis Network is growing like a wild, uncontrollable fire. In this, or any other profit driven industry – you can either get involved with an idea that is moving on it’s own, or you can do what I tried to do in my last venture – which is to FORCE an idea that nobody gets into the minds of the mass populace.
That’s hard – and it doesn’t work for the average person.
The Numis Network is hot. It’s moving. It’s easy for the average person to explain – COMMISSIONS can be generated quickly if you’re producing, and let’s face it…
…getting Gold and Silver in the mail every month is just cool. It’s almost like we have an extra paycheck once per month… We get paid weekly through all of our ways of earning – and monthly on an autoship of Gold and Silver.
As my good friend, Larry Beacham, a GREAT Network Marketing leader says:
“Everyone sells something – why not sell money?
Everyone collects something – why not collect money?”
Ha ha.
Let me tell you what I told Cedrick Harris and Brian Fanale the other day – I believe that The Numis Network is MY FIRST legitimate chance to build a team of 100,000 distributors in the network marketing industry – it’s the only thing that I’ve ever been a part of that ACTUALLY duplicates, and I’m just flat excited. My PRODUCT is money – and I’m proud of it. Let’s go out – and TRANSFORM the destiny of nations.
If you’re on the fence, get back to the person who invited you to view this article, and find out how you can lock in a spot. Timing in this, and in life, is critical. I’ll look forward to working with you.
-David Wood
P.S. You are welcome to re-post this in whole or in part if you link back to http://workwithdavidwood.com/numis-network-review-mlm-network-marketing/.
P.P.S. PLEASE – leave your comments and re-tweet this post if you’re a Numis rep – let’s set the record straight about what ‘David Wood’ thinks about Numis.
Tuesday, April 27, 2010
True Numis Network Review – Is it a SCAM or SCANDAL? by John Hinkles
After researching the Numis Network thoroughly, this article has been written to give an official review of the MLM company, a clear idea of what the Numis Network really is, and to let you in on some of the dirty secrets they hide from you on their website.
Numis Network was built on an idea of combining the massive number of individuals in America who collect coins, with the powerful advantages of multi-level marketing. This was the first time that regular Americans were able to earn residual income by way of those who enjoy collecting coins.
The fascinating concept that the Numis Network proposed deserved some detailed research. To see what they really offered and if they really knew what they were talking about. This research has shown they may know what they are talking about, but there are some aspects of their plan that are not quite so resonating.
First, the videos on their site of interviews say the plan is easy and simple. The interviews claim that all you have to do is send individuals a replica site that the company gives to you, lead them to the join now link, and that is it.
In reality if you want to build a successful network marketing business with many thousands of people under you, it is not as easy as sending others a replica site. The reasons why this will not work are numerous.
The number one reason for this is due to how many others have the same replica site from the same company. If you do not have a method for making yours stand out from all the others, such as a personal site where you can tell about yourself and what you can offer, then you can not be seen as someone that is special. This will leave no reason for people to join YOUR organization over the others.
“If you are unable to offer anything more than the others, why should they choose YOU?” The key is to understand that regardless of what MLM or network marketing company you sign up with, it can be Numis Network or one of the many others, to be a success you have to find a way to offer your potential prospects something unique that no one else involved with the company can.
Don’t forget: “People are in love with Leaders, Mentors, and Motivators.”
They need people that can clearly show them what to do, to give them the power to keep going, and to be an inspiration to them. If any of these characteristics describes you, then they should be put to work in your network marketing business. If you do, you will be guaranteed to have a network that is unstoppable.
If you have yet to find what you can offer, then start learning something valuable right now. If you are unwilling to learn anything, then it would best to stop now before you waste any more time or money.
Numis Network’s Unique Compensation Plan:
numis network review and compensation planThe Numis Network includes an extremely lucrative compensation plan they refer to as a binary system, with each side having two legs, and the depths of the levels are unlimited. Commissions can be earned from sales on your site, residuals from those who sign up for the auto-shipment option, and commissions when individuals purchase more coins.
One of the most unique aspects of the compensation plan at the Numis Network, is that when someone below you chooses to sign up for the ‘training program’, you make $50 for each.
It is not often you hear of a company that charges additional for a training program. Most of the time it is offered free of charge, making it possible that the Numis Network’s training program is a good one, since they charge for it.
Of course this is a company we are talking about, and they are more likely to focus the training on how to market their services, instead of teaching people how to market themselves, an essential part of MLM success. You should NEVER trust training provided by a company, even if you are compensated for you participation.
This is because the intention of the company training it to teach you how to work for them, not you.
They are in search of more leads, more business, and more money. They are not interested in wether you make any money, build up a business of your own, or generate leads of your own. They are only interested in using you to make more money for themselves. That is the reason the company training should be ignored. Instead you should seek out a mentor who is will to show you what you need to market yourself. Do not EVER rely on company training! EVER!
Thursday, April 15, 2010
Numis Network Review: Are The Numis Coins And Numis Executive Success System Overpriced Posted by Troy on April 14, 2010
Numis Network has taken the direct selling industry by storm over the last few months has three very well respected leaders Ian Cordell, Chris Kent and Jake Kevorkian came together to launch a new category in MLM.
In this article I want to cover two common concerns we have seen coming up over and over again…
Numis Network coins are overpriced, and Numis Network Fast Track Starter Kit is overpriced.
It took close to nine hours of research to see if these concerns were valid or not.
Let’s take a look at the Numis coins. Without a doubt people can find coins for less and for more depending on where they look.
However, one of the largest competitors of Numis Network First Federal is now advertising two of the same coins for more money.
The $5 Gold Eagle is selling on sale at 1st Federal Coin for $299.00 .vs the same $5 Gold Eagle at Shop Numis for $239.95. This is a $60.00 savings at Numis Network and they are paying out a commission.
The second coin is the MS70 $1 Silver Eagle advertised by First Federal Coin Corporation for $149.00, while the same coin is sold at Shop Numis retail for $119.95. This is a $30.00 dollar savings, and again Numis is paying a commission.
Yes, I know the coins can be bought for less at eBay or some other site. But, of course I bet if I wanted to dig a little deeper, I could also find every other product or service solid through a direct selling aka Network Marketing company at a cheaper prices also.
But ask yourself this question – Are you selling your current MLM product or service based on price, or are you selling a life changing business opportunity?
What’s the difference between what you are doing and what Numis Network is doing?
Now before I get into the Numis Executive Success System, I want to give you a taste of what first time Network Marketing distributors are saying about their first experience in the MLM profession.
Ok, now let’s look at the second concern folks have raised on the $495.00 fee charged to join Numis Network at the top level. Is this amount an inflated fee or are the products and services provided within the Numis Fast Track Starter Kit worth the cost?
Well, the reality is, some folks will think this is far to much to pay to join any MLM business, while others will see this are a very small fee for joining a category creating company with a ground floor opportunity.
Here is what I have concluded…
The same kit sells all day long at Shop Numis for $325.00. So if we add in the additional business services provided to the Numis Network distributors, I believe it is a very fair price point. However, I do understand that certain services such as the training videos and the websites may be seen by different people as priceless while others will see them as worthless.
Ok, here is my breakdown.
Aluminum Attache’ Coin Case – Value – $ 65.00 (I found prices from $65 to $79 dollars on the web)
MS70 Silver Eagle – Value – $100.00 (Retail cost is $119.00 on Shop Numis)
Leather Numis Portfolio – Value – $50.00 (I found this same style of portfolio on the net from $50.00 to over $75.00)
Numis 5 Distributors Websites – Value – $125.00 (This is a one time fee, with a monthly fee of $9.95)
Coins Are Cool Training – Value – $125.00 (I priced this at $25 per video and Numis adds one video per month)
Although, I can’t announce it here, Numis will also be adding a very power addition to this Fast Start Kit in the next month or so, which will increase the retail value by at least another $100.00.
So, when you look at the above total fair market value (my subjective deduction) then the total is $465.00. By the way this also includes shipping and handling fees.
Some reading this may feel that since Ian and Chris own IDSTC that Numis must have a special deal and the technology isn’t costing them anything. This is not true. International Direct Selling Technology Corporation is a completely different company, and Numis Network has signed a client agreement just like all other clients of ISDTC.
I called Ian today to ask him what it would cost for the average Network Marketing company would pay for the same type of technology services Numis is paying for from ISDTC, and here is an average cost…
$40K to $50 for the original development costs.
$7.00 per month per distributor
The media costs would depend on how detailed the videos become, but overall Ian Cordell figured by this stage of the development, and size of the company the average client the size of Numis Network will have invested between $140,000 and $150,000 dollars just in technology costs.
So although some will not agree with this article, I can say with complete conviction that if I were collecting coins as a hobby, and found Numis Network, and knew I could turn my hobby into a business for a small upfront cost of $495.00, then hands down I would pay the fee.
Just the first years tax advantages would offset the $495.00 for the Numis Executive Success System.
Living An Epic Adventure,
Troy Dooly
In this article I want to cover two common concerns we have seen coming up over and over again…
Numis Network coins are overpriced, and Numis Network Fast Track Starter Kit is overpriced.
It took close to nine hours of research to see if these concerns were valid or not.
Let’s take a look at the Numis coins. Without a doubt people can find coins for less and for more depending on where they look.
However, one of the largest competitors of Numis Network First Federal is now advertising two of the same coins for more money.
The $5 Gold Eagle is selling on sale at 1st Federal Coin for $299.00 .vs the same $5 Gold Eagle at Shop Numis for $239.95. This is a $60.00 savings at Numis Network and they are paying out a commission.
The second coin is the MS70 $1 Silver Eagle advertised by First Federal Coin Corporation for $149.00, while the same coin is sold at Shop Numis retail for $119.95. This is a $30.00 dollar savings, and again Numis is paying a commission.
Yes, I know the coins can be bought for less at eBay or some other site. But, of course I bet if I wanted to dig a little deeper, I could also find every other product or service solid through a direct selling aka Network Marketing company at a cheaper prices also.
But ask yourself this question – Are you selling your current MLM product or service based on price, or are you selling a life changing business opportunity?
What’s the difference between what you are doing and what Numis Network is doing?
Now before I get into the Numis Executive Success System, I want to give you a taste of what first time Network Marketing distributors are saying about their first experience in the MLM profession.
Ok, now let’s look at the second concern folks have raised on the $495.00 fee charged to join Numis Network at the top level. Is this amount an inflated fee or are the products and services provided within the Numis Fast Track Starter Kit worth the cost?
Well, the reality is, some folks will think this is far to much to pay to join any MLM business, while others will see this are a very small fee for joining a category creating company with a ground floor opportunity.
Here is what I have concluded…
The same kit sells all day long at Shop Numis for $325.00. So if we add in the additional business services provided to the Numis Network distributors, I believe it is a very fair price point. However, I do understand that certain services such as the training videos and the websites may be seen by different people as priceless while others will see them as worthless.
Ok, here is my breakdown.
Aluminum Attache’ Coin Case – Value – $ 65.00 (I found prices from $65 to $79 dollars on the web)
MS70 Silver Eagle – Value – $100.00 (Retail cost is $119.00 on Shop Numis)
Leather Numis Portfolio – Value – $50.00 (I found this same style of portfolio on the net from $50.00 to over $75.00)
Numis 5 Distributors Websites – Value – $125.00 (This is a one time fee, with a monthly fee of $9.95)
Coins Are Cool Training – Value – $125.00 (I priced this at $25 per video and Numis adds one video per month)
Although, I can’t announce it here, Numis will also be adding a very power addition to this Fast Start Kit in the next month or so, which will increase the retail value by at least another $100.00.
So, when you look at the above total fair market value (my subjective deduction) then the total is $465.00. By the way this also includes shipping and handling fees.
Some reading this may feel that since Ian and Chris own IDSTC that Numis must have a special deal and the technology isn’t costing them anything. This is not true. International Direct Selling Technology Corporation is a completely different company, and Numis Network has signed a client agreement just like all other clients of ISDTC.
I called Ian today to ask him what it would cost for the average Network Marketing company would pay for the same type of technology services Numis is paying for from ISDTC, and here is an average cost…
$40K to $50 for the original development costs.
$7.00 per month per distributor
The media costs would depend on how detailed the videos become, but overall Ian Cordell figured by this stage of the development, and size of the company the average client the size of Numis Network will have invested between $140,000 and $150,000 dollars just in technology costs.
So although some will not agree with this article, I can say with complete conviction that if I were collecting coins as a hobby, and found Numis Network, and knew I could turn my hobby into a business for a small upfront cost of $495.00, then hands down I would pay the fee.
Just the first years tax advantages would offset the $495.00 for the Numis Executive Success System.
Living An Epic Adventure,
Troy Dooly
Tuesday, February 9, 2010
How To Collect Silver and Gold coins
The world of numismatics or coin collecting has been called
the "Hobby Of Kings". Now this wonderful hobby can be enjoyed
by anyone in any walk of life.
Numis Network is pioneering the sale of graded silver and gold
numismatic coins through the network marketing industry. Graded
numismatic collectible silver and gold coins have never been
sold through this method before!
The timing for you to position yourself in front of this trend
could not be better. Our vision is to become the largest retailer
in the world of these certified and graded precious metal coins
by creating this new industry category.
Join us on our global mission to help people create wealth, collect wealth, and preserve wealth with a business of their own in the silver and gold numismatic industry. You can secure your position now, and capitalize on this new market category.
Check out our website and take a look at an exciting business opportunity
before it's too late.
https://www.numisnetwork.com/ils401
Charles Hopson
609-706-5503
the "Hobby Of Kings". Now this wonderful hobby can be enjoyed
by anyone in any walk of life.
Numis Network is pioneering the sale of graded silver and gold
numismatic coins through the network marketing industry. Graded
numismatic collectible silver and gold coins have never been
sold through this method before!
The timing for you to position yourself in front of this trend
could not be better. Our vision is to become the largest retailer
in the world of these certified and graded precious metal coins
by creating this new industry category.
Join us on our global mission to help people create wealth, collect wealth, and preserve wealth with a business of their own in the silver and gold numismatic industry. You can secure your position now, and capitalize on this new market category.
Check out our website and take a look at an exciting business opportunity
before it's too late.
https://www.numisnetwork.com/ils401
Charles Hopson
609-706-5503
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