Numis Network, How To Sell Precious Metal Coins For Paper Money
Numis Network is apparently the only company currently dealing in numismatics in the multi level marketing world. There were at some point other companies selling collector’s coins, but for some reason which is not that difficult to speculate they ended up closing their business. One of the possible causes for their failure can be the fact that they concentrated all their efforts on single type of items. This considerably reduces their target market, and guarantees to yield a smaller profit. Moreover, how many people willing to invest in collector’s coins do you know? The market for this product is very narrow and exclusive, while the people interested in numismatics have a tendency to remain the same. This can be an advantage as well, as they can easily be found, but with all the drawbacks that this business presents this provides little comforting.
The company does not share any information on the actual date when it was founded. They seem willing to give more information on what their plans are and on the individual backgrounds of the founders.
The management team is comprised of Ian Cordell, founder and company President, active in the direct selling industry since 1994 and having co-founded International Direct Selling Technology Corporation, Christopher Kent and Jake Kevorkian, both company co-founders and EVPs. Christopher Kent has been working with Ian Cordell since 1994, when they started their first company together. One invaluable addition to their team is Mike Mezack, the famous expert numismatist, having hosted many shows and infomercials on numismatics and featured on the Coin Collector show. Regarded as the best numismatic salesman in the world, he allegedly has produced sales in excess of one billion dollars. The recruiting of Mike Mezack will surely boost the credibility of Numis Network in the eyes of their clients, but is it going to be enough to make this a successful company?
They also need a credible and concrete product, but that’s not that challenging to achieve when dealing with precious metal coins. With the current crisis affecting the US market, effectively causing the currency to be based on debt, investing in something which actually has an intrinsic value can prove to be a smart idea. But the difficulty lies in the entire concept of numismatics. Rare coins have an established value, and rarely one can find the specific collector willing to pay more than that accepted value. So, if you want to buy low and sell high Numis is not the business for you.
As we have already stated, Numis is merely moving the concept of dealing in numismatics to the multi level marketing area. This means that the market is already established, and that they only add to it that personal touch which is granted by the direct sales approach. But this market is pretty solid in its smallness. Once you get to know the numismatics enthusiasts, that’s pretty much it. Another interesting feature of this market is that competition can exist only in the amount of collected coins, and not in their value. The coins cannot hold different properties from one another, or do things that other coins do not do. This gives an impression of honesty and transparency to the business.
So far, there are good and less good aspects to this company, incentives for joining and things that can be tackled by an industrious and well educated marketer. But how do you actually make a profit with Numis? Their compensation plan employs a simple two legged structure, with no limit to the number of levels for which you can get bonuses. But the whole idea of this binary system is that you have to work a lot in order to get profits from your lesser leg, and that’s true even if you have a large number of individuals in your downline. They also offer bonuses collected from the joining fees of your enrollments.
In conclusion, it takes a well trained marketer to make this a lucrative business. Numis’s training consists of extensive presentations of each coin, so their distributors will be prepared to answer every possible question from their clients. They also hold business conferences and presentations on a regular basis. An interesting fact about Numis is that they are paying 50 dollars for each person in your downline willing to join their training program.
But this is not of any help to someone new to the whole direct sales business. In order to succeed you need a thorough understanding of the concept, and that knowledge is invaluable. If you want to actually have a chance of being successful and make money with Numis you should exhaust every source of information you can find. You can acquire all the information needed in order to explode Numis Network just by clicking the provided link.
Filed under: Company Reviews
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