This is the 5th part of our Numis Network series. Over the last few weeks we have covered just about every facet of the Numis Network Business.
You can review the other articles below.
Numis Network Review Part 1: The Numis Leadership
Numis Network Review Part 2: The Numis network Coins – Are They Overpriced?
Numis Network Review Part 3: Is Numismatic Coin Collecting a Legit MLM Business?
Numis Network Review Part 4: How Strong is The Numis Network Compensation Plan?
If you are seriously looking to join Numis Network, then ask yourself the following questions.
1. Are you willing to grow with a new category creating MLM Company?
2. Are you willing to become a student of Numismatic Coin Collecting?
3. Are you willing to learn how to answer the critics of a new Category Creating MLM Company?
These questions may seem strange to some. Yet, if you are truly serious about building a business, and not just recruiting a few people, then moving on to the next deal.
There is a reason Ian Cordell, Christopher Kent, Jake Kevorkian, and Mike Mezack saw a real opportunity to launch Numis Network. I challenge you to call them and find out if their passion for this company is something you can believe in and share with others.
Living An Epic Adventure,
Troy Dooly
sending...
Hello Troy,
I don’t know you but that’s some powerful info you just drop on us. WOW keep it up.
.-= Fritz Lorenz´s last blog ..Earn at Home with the GoGVO Business Opportunity =-.
Hey Troy,
Thanks so much for dropping all of this information about Numis Network and the misunderstanding that people have about the numismatic coin industry.
-Rocky
Troy,
Great job as usual. I love your advice and I always tell others to use the insights of Industry watch dogs like yourself while evaluating companies. Our industry is better off for your efforts and people should know upfront that you would be one of the first to blow the whistle if you found something wrong with any company. As for Numis, I couldn’t resist, the idea of collecting Gold and Silver, Graded, Numismatic coins just made sense to me in this economy. Who doesn’t want more Gold and Silver? Plus it makes the perfect gift for every occasion as well as for those people that are just impossible to find the perfect gift for. Here again Troy thank you for all that you do and keep fighting the good fight.
-Dave Walsh
Troy,
My misunderstanding of Numis is the fact that in order of a MLM comp plan to be sustainable and have longevity, there needs to be at least a 6 to 1 ratio product or service mark up, I have consulted with some of the pioneers in the coin business and they tell me the mark up is small, therefore please educate me and show me where the 6 to 1 ratio is that would mean these guys are buying these coins for $16.50, no way…..
Troy’s Response:
Rob,
Always great to hear from you. I am not sure where you got the 6 to 1 ratio as a markup. Although some companies may use this as a benchmark, there is no law stating such. As a matter of fact many company products are higher than 6 to 1, and some may have a tighter ratio.
One of the things about Numis is their five year guaranteed buyback. They believe the value of their coins will go up, not down and are willing to put their money where their mouth is.
Numis also, doesn’t set back waiting for their distributors to build the business. they have several large strategic partnerships with national organizations who sell the coins to their members, bring in funds to the bottom line of the company, and raising funds for these outside organizations.
Now, as to how the boys buy the coins. It is not much different than other huge collectors. They buy in bulk, then they sort through keeping the MS70 coins. The rest of the coins are sold back at bulk to other collectors.