The Truth Behind Numis Network's Income DisclosureCompany: Numis Network
Read More: Income Disclosure 2010 | numis network | numis network review
Let me preface what I’m about to say with the fact that I am a Numis Network ICR and what I’m about to say is frankly going to ruffle some feathers. But the numbers don’t lie unless someone’s lying about the numbers. As long as the numbers are legit, you can’t deny what they say.
What is The Numis Network Income Disclosure Statement?
The Numis Network Income Disclosure Statement is a summary of how much money the independent collector representatives (ICR) make. The network marketing industry has always been under intense scrutiny and it only makes sense that the truly reputable companies disclose this information.
If your network marketing company does not disclose income of its reps and they won’t give it to you when you ask for it, then you need to re-think why they won’t disclose this number. In my opinion, it is a HUGE RED FLAG if a network marketing company does not disclose the average income of reps by ranking. However, some are so new that they don’t have the data available yet.
Why Bother with an Income Disclosure Statement? Doesn’t that turn off prospects?
Having an income disclosure statement dispels any misrepresentation that you will “get rich quick”. The network marketing industry as a whole has always had a bad rap. This statement basically says that we’re a reputable company and we’re not hiding behind anything. Join us at your own risk. Yeah it covers the ass of the company, but at the same time it increases the integrity of the group of marketers overall.
How to Interpret the Numis Network Income Disclosure Statement
In this video on YouTube, I breakdown the Numis Network Income Disclosure Statement for JULY 1, 2009 – JUNE 30, 2010.
Notice how majority of the ICR’s are at the Collector level. This means that most of them aren’t making any money! Does that turn you off of Numis? It does? Well keep reading because what you’re about to find out is that even the most reputable well known companies are exactly the same way.
And if you’re reading this thinking that this proves that network marketing is a scam, then good riddance. Take your close mindedness with you and don’t let door hit you on the ass on the way out.
Still here? That must mean you have an open mind and want to make an objective, educated decision on the company. You think this deficiency is just specific to Numis Network? Well it’s not.
Numis Network vs. Herbalife and Pre-Paid Legal
Let’s compare the Numis Network Income Disclosure Statement to two well respected, legitimate, PUBLICLY TRADED, network marketing companies and review their numbers.
Herbalife’s majority of reps (40.9%) made $478 in 2009 that’s pretty good compared to Numis Network’s 54.9% majority that made $150. So should you jump ship and join Herbalife? Not necessarily because these are two different companies. Herbalife is a multinational company many times over, Numis is a little baby in comparison.
The Pre-Paid Legal analysis is a little bit different because we have to interpret numbers using the Annual Report. In 2009, Pre-Paid Legal had 95,303 sales associates sell one membership out of 477,208 (19%) total associates, which amounts to commissions of about $20-$100 per sale (I think, their comp plan is a little confusing, feel free to add your input as to what the average sale actually is). The annual report is not required to disclose income by associate level which says a lot for how the SEC views the network marketing industry. This should be a requirement as this would change investor decision. Regardless, this is not what this article is about.
By looking at these numbers, you’ll quickly realize that this isn’t unusual and that most network marketing companies actually show some similarities in this way. In fact, most people in network marketing don’t make any money at all. Don’t believe me? Go check out my sources the Herbalife Income Disclosure and Pre-Paid Legal’s annual report.
The Numis Network Income Disclosure Creates Integrity
But this article is about the fact that Numis Network released their Income Disclosure to the public. They didn’t have to, but they did anyway and that shows a lot of integrity.
All of the naysayers of Numis Network are gonna EAT THIS UP because this proves that most people don’t make a lot of money in network marketing. But you know what I say to that? PHOOEY! This is an MLM where people collect gold and silver. This is known as the hobby of kings.
This means that 54.9% of the ICR’s in this company traded cash for gold and silver collectible coins. I can guarantee that the value of the coin in terms of dollars will increase and/or decrease. But I can also guarantee that the value of juices, lotions, vitamins will always decrease in value over time.
I’m not even going to talk about supply and demand here either.
Let me ask you a question. Who’s better off? Is it the majority of Numis Network ICR’s or the Herbalife or Pre-Paid Legal reps?
Sure a lot of cash has been “tied up” in collectible coins. But one thing is for certain, we all would love to have what everyone else wants and needs more of.
Please leave your comments below and keep the discussion civil. If you’re pissed about what I’ve said, voice yourself and show personal integrity. But most of all, add value to the conversation and don’t write a check that your butt can’t cash.
Ready to join Numis Network but you don't want to settle for average? Contact me direct at (503) 805-9996