Review: Is The "Numis Graded Silver & Gold" Coin Opportunity a Scam? Accumulate & Collect True Wealth with Numis | by Lloyd Dobson

This article may be a little different than others you've read reviewing the Numis opportunity.You are most likely reading this article because you are interested in making some extra money on the internet. You are doing a smart thing simply because the internet is a billion dollar industry. Do not be discouraged by the "naysayers" saying you can't make money online. Don't listen to them. The truth is they have no idea what they are doing. Most marketers lack some very basic training and marketing strategies stopping them from success.You most likely ran across the Numis opportunity and want to know if it's a scam, here's my input on it.

Coins are cool! This is the operating slogan of Numis Network, an MLM business that deals with coin collectibles. People who collect coins as a hobby are sure to take notice of this business. Here's a Numis Network review that will take you through the pros and cons of the MLM opportunity.

Introduction

Gold and silver are recession resistant commodities. You'd have noticed the rise in prices of precious metals even when world economies were reeling under financial crisis. This was the idea behind creating the Numis network; a business that deals in numismatic coins.

The Numis Network was started by Ian Cordell, Christopher Kent and Jake Kevorkian with support from Mike Mezack, a noted numismatist. The three founders have vast experience in network marketing and their 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. Numis Network has introduced the system of grading to authenticate collectible coins and assist in ascertaining their value. The merchandise in this business is modern gold and silver coins issued by various Government mints from all over the world.

Since the value of these precious metals keep increasing, these are said to be valuable assets to hold. The coins are marketed as a worthwhile investment to hold as well as to gift.

The Opportunity

There are two ways to make money in this business; one is to invest in graded coins and wait till they appreciate in value. Another is to become a partner in the business and spread the word to other coin collectors.

Costs

You can become a distributor by paying an initial cost of $99 and thereafter $9.95 per ­month. In this category, you'll need to generate minimum sales of $100 each month to qualify for commissions. You can also become a Fast Track representative by paying initial fee of $495 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 beginners to make money on par with experienced distributors.

Why Join Numis Network?

This is an MLM business with a difference. While most other network marketers sell health drinks or cosmetics; you'd be improving the financial health of your customers by selling coins. While stocking up on health products may prove disadvantageous in those businesses, you'd only gaining by keeping a stock of coins as these appreciate in value over time.

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 pre-launch 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.

Silver Coin Reserve - 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.

Numis Knacks

The company claims to give you a winning business by offering you a free replica website. This may help you get some orders when people click on your site; but it's not going to help you when all distributors have a similar site. You'd need to know techniques that will help differentiate your link from others. There are several online tools that you can employ to give your website a better reach.

Lloyd Dobson has brought the best out of hundreds of Internet Marketers by helping them create wealth for their own network marketing business. Success in any network marketing business is built with knowing the secrets to online marketing like Blogging, Article Writing, Facebook, MySpace, Twitter, Classifieds and many more. Get your F-R-E-E training mastering these marketing methods and many others at: MY FREE ONLINE MARKETING SYSTEM.

If you are serious about your future, you will want to register for my FREE 8 day Internet Lead Generation Video Boot Camp.