Numis Network Review: Weighing The Pros And Cons

Numis Network

As an internet marketer and a numismatist I was curious to find out a bit about the Numis Network. I looked into network marketing in 2009 when I started getting serious about internet marketing, but everybody I knew that was doing MLM at theme was having home parties, scheduling meet-ups and doing everything offline. I wanted a home business that would work online. To make a long story short I landed in the make money online, affiliate marketing niche. I learned a lot about the workings of search engine optimization and traffic generation, but there has been a tremendous shift on the internet in the past few years and I felt that I was missing out. We are all becoming more savvy and cautious online. If I’m want to do business with somebody online these days, I must know who I’m considering. That’s where the concept of attraction marketing enters the picture and why network marketing is a better avenue to peruse online when trying to build a sustainable business build on solid principles. The Numis Network is an attractive business opportunity for the online marketer as I’ve discovered, but here are the pros and cons to consider.

Numis Network PROS

The Numis Network was launched in the summer of 2009 and they rapidly attracted some of the biggest names in internet marketing to their business. Now, several years later they have developed a solid base of distributors and have generated substantial momentum and a solid presence in the industry.

From what I’ve viewed Numis Network is paying out commissions (some are pretty big) to its representatives. They ‘re building a company on a firm foundation to support their MLM model,. The executive team all have good track records and years of experience in network marketing and business development.

Network marketing still carries a certain stigma with some people and even today the federal and state governments continue to look into some fly-by-night outfits. Numis is bing on the safe side with the FTC (Federal Trade Commission). They have intentionally positioned themselves as being part of the numismatic market (rare, collective coins). The legal problems that MLM companies come across sometimes arise because of uncertain claims by their distributors. Numis tries to stay on the high road in an effort to avoid fraud or scam claims.

What I admire is that Numis Network has discovered an untapped niche in the market place. There are no other network marketing companies doing numismatics.

As the global economy continues to falter, many more individuals will be looking into the safety and security of gold and silver. Numis Networkis poised well in the numismatic/collectible coins market. While there is no question that Numis price points are high, they do provide a 5 year buy-back option and the coins that distributors invest in for themselves are tax detectable as a business expense.

Gold and silver coins attract people who otherwise might not other multi-level marketing offers. This could expand the pool of people considering a home based business opportunity.

Gold and silver is in a long-term bull market and while the prices are high now, many experts beleive that prices will nevertheless climb. The boom phase of this trend has not occurred yet as it’s that only begining to gain widespread attention. It appears that the timing is right for a company such as Numis.

The attrition rate at Numis is much lower than many other network marketing businesses. If you listen to the insiders talk, they are impressed with the framework that the company has established and the fact that this business model lends itself to internet marketing. Numis also does not prevent or stop distributors from pushing other business opportunities.

Numis Network CONS

The Numis Network is only open to US, Canadian and U.K. customers and distributors. Multi-level marketing is growing rapidly in many third world countries and former communist countries and Numis is currently not open to expansion there. I don’t know if they plan continued expansion. This maybe a limiting factor.

The retail prices of the coins offered at Numis are high, so knowledgeable coins buyers will not be shopping there.

There are no assurances that the price of numismatics coins will increase and often many coins can’t retain their premium price points. Modern numismatic coins are not rare and so the monetary worth in them is in their gold and silver content. This is a hot topic and some will argue that gold and silver coins are a terrific hedge against unscrupulous governess trying to devalue their currencies in order to pay off their debts with a devalued currency. This is why gold prices have been on the rampage since around 2000.

Numis benefits from the buzz generated around the precious metals market, but it’s not really a part into the multi-billion dollar bullion market. Their closeness to this market is positive and perceptions are everything.

As an amateur numismatist myself, Numis Network won’t attract people interested in numismatics. The prices are too high and options are too confined. So the target market for actual customers are for people who like the idea of a safe place to buy a few nice, graded coins. From what I understand the Home Shopping Network sells a lot of high priced coins, so there is a market for them.

Numis sells graded and slabbed coins through their “coins of the month” club. These coins are are graded by a company called ANACS. The two top tier grading companies are PCGS and NCG. ANACS doesn’t have as substantial a reputation and the coins that they grade might not keep their value as well as the others.

As I mentioned earlier, gold and silver is in a major bull market, but markets shift and sometimes really fast. Many people who bought gold coins in the late 1970′s got stung when the prices of gold and silver literally plunged overnight and they got stuck with coins that they could not sell off. Prices didn’t recover for almost 20 years after that.

Numis Network

There are several things occuring here and I have tried to explain why selling numismatic coins may be a right for some people and also why you need to be cautious. Ben Franklin once said that “the only thing that is certain in life are death and taxes”. I’ve weighed the options and have concluded that becoming a Numis Network distributor makes sense. It’s easy to buy and sell certified coins on the web, site unseen. There are many people seeking home based business opportunities and Numis seems to fit the bill better than other options.

The one thing that I’m doing is not putting my eggs all in one basket, but am attempting to brand myself as a principled, sophisticated and skilled internet marketer. That’s why I’m building an online business based on proven attraction marketing practices. There is no doubt that Numis is a hot ticket currently and it could stay that way for quite a while. If it doesn’t however, then I’ve structured myself in a manner that will only require some minor adjustments. Contact me if that makes sense and you would like to learn more.

Numis Network

To Your Success!
Jett
jettmiddleton@gmail.com
http://www.facebook.com/pages/Internet-Marketing-and-Small-Business-Consulting-by-Jett-Middleton/

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