Numis Network Complaints – Is There Truth To Them?



Read More: Affiliate Marketing

Numis Network Complaints – It’s safe to say you’re here right now doing your research on Numis Network and want to be very thorough. It’s very important to look at every aspect of any network marketing company before joining, especially the complaints. I have came up with six top complaints regarding the Numis Network, derived from research and a variety of interviews, which you can read about below.

1. The Numismatic Coins Are Too Expensive

This is by far the most popular complaint of the company. Numis charges their distributors $99 each month for a silver numismatic coin which makes them eligible for commissions. Many people seem to think this charge is absurd, however, these prices are competitive in the marketplace. An identical MS70 silver numismatic coin can be found on eBay selling for $149 and about two months ago I saw an ad in Fortune magazine selling the same coin for $160.

2. The Value Of The Coins Will Go Down

Many people are under the notion that this company is putting too many numismatic coins into the marketplace and over time, will cause the overall value of these coins to decrease. The Numis Network has formed wise partnerships with the three leading grading agencis and top U.S. mints so that both Numis reps and customers are getting a good price but also keeping supply low enough to the point where the coins can still be valuable. Numismatics hold their value because of their condition, age and rarity so it’s important keep their supply limited.

3. The Compensation Plan Has Problems

The compensation is a combination of both a binary plan and a coded matching bonus. Experts argue that the Numis binary plan is going to limit the distributors’ earning potential because they will only get paid on the weaker (lower volume) leg. This is absolutely true and a major reason why most people shy away from binary plans, however, Numis founders have rectified this issue by incorporating the coded matching bonus. You not only get paid on the basis of your binary volume but you will earn an additional $100 when anyone, regardless of leg or position, enrolls a new rep at the $495 executive level. In case you were wondering, the largest check ever created in network marketing was because of this powerful coded matching bonus.

4. Sponsoring Is Difficult

This could seriously apply to ANY network marketing company. It’s more of a personal problem and if you are having issues sponsoring people then you probably are not marketing, networking and selling. It’s as simple as that.

5. The Numis Network Will Not Last

A lot of so called ‘gurus’ and money buffs are saying that this company is just another ‘gold and siver deal’ that is bound to fail. Yes this company sells gold and silver, however, it is the ONLY network marketing company to ever sell gold and silver numismatic coins through this business model. It’s also important to note here that the numismatic industry is a 110 BILLION dollar industry.

6. Only The People Who Get In Early Will Earn Money

There were complaints about how the early Numis presentations stated that you could earn a lot of money if you got in early, just like some people in Amway/ Quixtar. This is true of any network marketing company. Yes, you have a better chance of building a huge organization if you join at the beginning, but Numis is still brand new. There are only a little more than 12,000 reps at the time this article is being written, which is really nothing at all. That number will grow yes, but now is still a good time to join. If Numis had 1 milllion reps, then that would be a different story.

Hopefully this info is helpful in deciding whether there’s a Numis Network scam or not.

 

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About the Author: Eric McMillan

Member Since: 11/30/2009

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