Sometimes the responsibility of a leader in this industry, and also a leader in life is to be willing to step down and admit that he is wrong. The fact is, as a leader in this industry, I should have never, ever criticized a company that I knew so little about – however; I wanted to take some time to address some of the specific criticism that I brought out, AND that has been raised by others.
The reality is – people criticize what they don’t understand and they are afraid of. Why would someone be afraid of Numis? Because it’s growing so fast that people from all kinds of Network Marketing companies are both joining, and taking their downline with them. I first criticized this company when I first heard of it and couldn’t understand why so many people (and fast) were getting involved with the Numis Business.
The amount of people on the internet that has never made a dime in network marketing that the entire sudden claim to be ‘coin’ experts is astounding. Did you know that no-one ever made a statue to celebrate the accomplishments of someone who wasted their day criticizing things they don’t understand?
So what about the actual value of the product? The ‘value’ of a product is what someone is willing on a large scale to pay for it – it’s a simple phenomenon of supply and demand. The reality that I didn’t want to admit when I took a look at the company – because I was never a coin collector – is that the Numismatic product niche is a $100 billion worldwide market, and one of our partners, Mike Mezack, PERSONALLY does more than $100 million in sales for this exact product on an annual basis – and there are hundreds of thousands of people who are more than happy to pay for it.
One of my biggest hang ups when I first looked at The Numis Network was that I just couldn’t figure out why someone would pay $99 for a coin that had around $18 of silver in it. I was looking at it through the eyes of a precious metal investor – and the fact is, that I had never even watched an entire business presentation from the company and I had no idea what the word ‘numismatic’ meant.
Funny enough, when I finally did, I noticed that not just once, but at least three times throughout the course of the presentation, that not only did the rep specifically mention that Numis is NOT an investment, but that there was a whole five minute section of the presentation dedicated to explaining the exact difference between an ‘investment’ and a ‘collectible’.
Because we can legally make a statement ‘historically, the value of these coins has increased’ DOES NOT mean we are even remotely claiming that it is some kind of investment – so stop being an idiot. David X is known now in our inner circle as ‘The Coin Messiah’ or ‘TCM’ because of his desire to ‘save everyone‘ from buying numismatics. (As a side note – I like David, and I don’t think he’s intentionally being ignorant – I think he’s just spoken out and now maybe his pride is in the way).
I got it right away when I finally spent the time watching the presentation. It finally made sense to me because I’ve been collecting things my whole life. When I was about 8 years old, I started collecting comic books, and today that collection is probably worth $10-$20 thousand dollars. If I told you ‘historically, comic books have gone up in value…’ would you think that I was an investment advisor?
No. So stop trying to pretend that Numis reps are proposing investments, when on every page of our websites, and for five minutes in the presentation we explain the exact difference between investments and collectibles. Collectibles DO go up in value, it might not be in 5 years, 10, or even 15, but my dad had a mint condition copy of Spiderman #1 – which I believe is worth over $100,000 because over time, collectibles get more rare.
No. In fact, when I looked into the company – I thought that it had because I’ve seen ‘Gold and Silver’ deals go under before. The critical difference is that those companies were dealing in an entirely different product niche – they were marketing ungraded bullion coins for an unwarranted mark-up in price.
One of the things that I criticized about the Numis Network when I first looked at it was that it seemed that 90% of the income came from something called a ‘coded’ bonus (which was an accurate assumption, it does). Well, the coded bonus is created from the sale of ‘The Executive Kit’ when you’re enrolling a distributor for $495 and they purchase the ‘Fast Track Collectors Kit’. Len Clements, a well-known network marketing analyst, said that the value of the actual sign up is questionable, and that it could be viewed as something that just exists for the sake of compensation – which would be valid if there wasn’t actual, tangible value in the enrollment kit.
As a distributor who has purchased the kit – I can tell you nothing could be further from reality. Let me just give you a couple of examples.
Just ONE of the things that is included in that $495 signup is a BBS system that I would have gladly paid $495 for by itself just to save the time, not to mention the actual savings from the system itself as the team expands. I also had to completely design a sales funnel from the ground up in that company, where in Numis, they have a pre-designed custom internet marketing sales funnel that’s included, IN ADDITION to the most professional customer website I’ve ever had, a website that I have ACTUALLY had customers just go to and buy product because that Mike Mezack guy is so good at selling.
In fact – as a distributor, I’d have to say that the $495 distributor enrollment is going to save me $5,000 a year in pointless fees and systems that I would have to pay for elsewhere, but don’t need at all as a Numis rep – PLUS, you get a perfect Mint State 70 Silver American Eagle (retail value of $125) with the $495 distributor kit – so don’t give me crap, especially if you’re selling a $1000 package of vitamins you could buy for $200.
In fact, when I was in a vitamin company, I had to pay $1,000 for the vitamins when I joined and order another $500 in sales tools – and I GLADLY paid, because it made me money, I just don’t need any of that ‘extra’ stuff here – because it’s included. If you buy a Subway franchise, it costs over $20,000 PLUS you’ve got to pay overrides every month to the Subway corporation and rent real estate space and pay for employees – now THAT’S passing money around.
You see, I was comparing the payout of Numis to the payout of juice companies, vitamin companies, and my company, which range from 40%-60%, and I pointed out how, magnified over a team of thousands of people, 30% seemed like a lot less money.
Well, if retention rates were all the same, that would be completely true, and if Numis didn’t have a coded bonus (more on that in a bit), you would need quite a lot of people to make a significant monthly income. What I wasn’t admitting, however, is the whole myth of residual income in most companies isn’t really true, anyways.
For example, in my last company, I was told we had a companywide retention rate of 93%, which if it had been 100% accurate, the residuals from that product would have been absolutely astounding. What I wasn’t aware of, though, that I found out when the company closed down, is that we ACTUALLY had a 93% monthly retention rate (big difference), and that in the Network Marketing industry, 93% monthly retention is actually pretty good. (Now to be fair on myself, I think I had a bit better retention than average, but still…)
I talked to Ray Higdon, one of the founding distributors here at The Numis Network, and he’s been a distributor for around 8 months at the time of this writing and has had right around a 94% total persistency for 8 months in his business – that’s A LOT better than a 93% MONTHLY retention, and a LOT better than you’ll get in any vitamin company in the world.
Sometimes, LESS is actually more – as is the case with this. Why aren’t people canceling their autoship? I guess there’s something that’s cool and attractive about getting pure, Mint Condition Gold and Silver coins in the mail every month – people don’t feel like they’re spending money, they feel like they’re purchasing a valuable collection of assets – BIG difference.
So people are keeping their auto-ship (because getting Gold and Silver in the mail is ‘cool‘ or for whatever reason – it’s still happening, which is getting me pumped just thinking about it) – but here’s the best part about Numis…
…residuals are just ‘extra’ here. You see, in most actual MLM companies, there are no residuals – incomes are formed and maintained by systems that keep people flowing in to the company faster than they leave – that’s not residual income, its ‘promotional’ income. REAL residuals in most companies are actually quite small (with a few big exceptions), because people don’t like being on auto-ships – so when they decide not to build a downline, they cancel their product order – which happens about 85% of the time within 12 months.
Well, in The Numis Network – people LIKE their autoship – because they’re building value every month – but aside from that – it’s totally irrelevant in my opinion, because the ‘Coded’ bonus pays so much danged money out if you’re growing at all – the residuals are just a nice, extra bonus. Let’s face it – residuals take forever to build, anyways, I want to make money now, don’t you?
If you’re critical of the coded bonus, I understand. I didn’t understand it either when I looked at it, or I didn’t know my history. The coded bonus was innovated by a company called Excel Telecommunications in the 90′s, which was the fastest growing MLM Company in the history of America, hitting $1 billion in sales four times faster than Microsoft. The top earner in Excel earned $1.7 million per month for 18 months straight, 95% of which came from a ‘coded bonus’ written almost ‘exactly’ like the bonus in Numis.
…and if we’re going to talk about ‘ethics’, let’s talk about the ‘ethics’ of telling someone there is residual income when there is not. I’m so sick of people filling my head with crap in this industry – that it’s time for us ALL to set a new standard, don’t you think? How about the ethics of getting someone involved in an ‘opportunity’ that gives them a grand total ‘promotional’ check of $200 after they finally have their 200th person in their downline?
With Numis, people have the ability to generate commissions quickly, now that’s an ETHICAL business to promote – because let’s face it – we’re in this industry to create wealth…
…or are you just here to ‘piddle around‘?
The reality is, even thought people aren’t willing to admit the simple truth – The Numis Network is growing like a wild, uncontrollable fire. In this, or any other profit driven industry – you can either get involved with an idea that is moving on its own, or you can do what I tried to do in my last venture – which is to FORCE an idea that nobody gets into the minds of the mass populace.
That’s hard – and it doesn’t work for the average person.
The Numis Network is hot. It’s moving. It’s easy for the average person to explain – COMMISSIONS can be generated quickly if you’re producing, and let’s face it…
…getting Gold and Silver in the mail every month is just cool. It’s almost like we have an extra paycheck once per month… We get paid weekly through all of our ways of earning – and monthly on an autoship of Gold and Silver.
As Larry Beacham, a GREAT Network Marketing leader says:
“Everyone sells something – why not sell money?
Everyone collects something – why not collect money?”
The Best part about working with me is that I have Immediate access to Rob Fore (Marketing Dynamo), Ray Higdon (Top-Income Earner) and David Wood (Sponsoring Guru). Interesting, since I had no plan to start this business until I met with ALL of them in Cancun, Mexico. They have provided most of the training and all of my guidance comes directly from them.
Let’s All Collect Ourselves to Wealth…..
You can collect Beanie Babies, Beer Cans, Matchbox Cars, Stamps etc….or start collecting Real Wealth!
So, what does Ray Higdon, Rob Fore and David Wood have in common…It’s me, Joseph Skoda, “GI Joe Marketer!”