The Numis Network And The FTC – Is This Company Legit?
If you’re reading this, you may have been on the brink of joining ‘The Numis Network‘ and you just wanted to do some last minute research to make sure that this is a solid, long term company and that it is in full compliance with local, state, and Federal regulations.
It’s ok, and natural to want to research a company to make sure you’re headed in the right direction, especially in the Network Marketing industry, where so many companies start up all the time that ARE NOT legitimate in one way or another.
(That being said – this is an awesome industry). Here are the main points to make sure that a company is in compliance with the FTC:
1. There is an actual product being sold, that consumers would pay for ANYWAYS even if there wasn’t a business involved. The ‘even if there wasn’t a business involved’ is key if you’re talking to Attorney Generals or looking at FTC regulations. The benefit of the Numis Network is that the Numismatics industry is a $100 billion market niche even if Numis didn’t exist. One of the founding partners at Numis, Mike Mezack – PERSONALLY does $100 million in sales annually for this exact product, at this exact price through the Home Shopping Network, and is well known and respected.
2. The company can’t pay commissions for people joining – commissions have to come from the legitimate sale of products and services. Now, that being said, it’s ok to make money when someone joins IF they buy a legitimate product when they do, and the commission is based off of that – not enroller fees. (Sometimes people don’t make that important distinction). In the Numis Network, all of the up-front money is created from the sale of a legitimate product called a ‘Fast Track Collectors Kit’, which retails at a price of $325. The Fast Track Collectors Kit is included in the Executive Package that most Numis reps purchase when they enroll.
3. Distributors can’t be making ‘income promises’. What I mean by that is you can’t use the income that you’ve generated to give incentive for people to enroll. This has more to do with the outside sales force than it does with Corporate – but Numis is very clear in their regulations that Distributors can’t make income claims to prospects. (You’re allowed to do it after someone enrolls, just not as incentive to join.)
4. The FTC doesn’t allow ‘Front End Loading’. Front End Loading was a term coined (no pun intended) from the practice of forcing new reps to purchase unwarranted inventory when they joined. There actually has to be an option to join with no additional product purchase (which Numis has) – but ‘unwarranted purchases’ would be excessive product that you wouldn’t be able to use or sell with normal business activities. The Numis Network top package is only $495, and fits well within all federal, local, and state regulations.
I think it’s important to note that Chris Kent, Jake Kavorkian, and Ian Cordell (The Numis Network’s Founders) have all been well known and respected in this industry for more than 60 years combined, and have personally helped more than 450 companies get started and be in compliance with FTC regulations. The Numis Network definitely is a legitimate opportunity, providing real value to the end consumer.
Deciding to join the Numis Network and learning how to build it successfully are two different things – if you want to MASTER the skills of building an Empire, go through my 5 day training series by clicking on the banner below:
P.S. If this post answered your questions – share it on Facebook, ‘Tweet it’, and ‘Like’ it for me – thanks!