I’ve been hesitating to write this review for the last week, because of the controversy and pain of dealing with all of the comments that reviews of this nature create, but because of certain things that I said over the last couple of months, I find that it would be useful to bring out in the open a discussion of ‘The Numis Network‘ from the perspective of someone who not only thought he’d never join, but was an open, public critic of the company.
The Numis Network Is An Interesting Animal:
It’s actually funny to watch the emotional, knee jerk reactions that both myself, and hundreds of other people have had to this company. Numis seems to spark more controversy, critics, and on the flip side – fanatical promoters than any MLM company that has emerged either on or off the internet for the last 20 or 30 years.
In fact, when I first became aware of the company, I thought it was the stupidest thing that I had ever seen. I wrote a review bashing it, told people not to join it, told people I didn’t think it would last, and here’s the funny thing…
…I gave people a million and one reasons why they shouldn’t buy numismatic coins – as if I knew something about the industry and was some kind of coin expert.
Sound familiar?
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.
“So Why The Heck Does Numis Attract So Much Criticism?”
The first thing that I would like to address is why The Numis Network creates such dramatic criticism in the first place, something that if you’ve found your way to this review, you’ve probably noticed. In fact, never in the last seven years in this industry have I ever seen a company that creates such massive controversy. I recently found out that hundreds of industry leaders privately thought that my last company, iLearningGlobal, wouldn’t last – but for some reason no one criticized it, ever.
In fact, not only did they not criticize it, there was no information on the internet, anywhere, from anyone who wasn’t a distributor. (The reason is, I later found out, I had one of only two teams in the company that was actually growing, so no one really cared about it – they all thought it would just fizzle out, which it did).
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. When I was in iLearningGlobal, I got 5-10 phone calls a day for a month straight asking my opinion on The Numis Network, and I had someone quitting my business and joining it at least every 3 days. I promise you, that the reason people, ESPECIALLY who know absolutely nothing about the company (which is most of them), are simply afraid that their downline is going to leave, and for good reasons.
I wanted to take a second to publicly apologize for being an ‘ignorant‘ scaredy cat.
“What About The Coins? Aren’t They A Rip-Off?”
One of the funniest things about network marketers who take a look at Numis is the questions that they ask that they never bring up about any other company in the industry.
For example, I was talking to a distributor in a juice company last week who said ‘I would never buy over-priced coins‘, and at the same time they were both selling and buying a couple hundred dollars worth of juice per month – amounting to a grand total of about two gallons of product.
Now, I would never criticize a juice company, and I buy some of those products myself – but does that even make sense as a distributor in this industry? From a consumer perspective, it’s a valid question – but if you’re in network marketing, don’t be crazy. In my last company, I was marketing a personal development service that cost $179 per month where you could get almost all of the information on YouTube for free – and hundreds of new people were subscribing on a monthly basis who felt that it was worth it. When I was in my last company, I was spending $250 per month on an auto-ship for about the same amount of vitamins that I could get at my local health food store for $50. Now, they may have been BETTER vitamins – but let’s stop being hypocrites, ok?
The amount of people on the internet that have never made a dime in network marketing that all of the 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 annually – and there are hundreds of thousands of people who are more than happy to pay for it.
There was a guy in my old team (no-mentioning names here, because he’s a cool guy) who went off on me about how it’s ‘unethical‘ to sell numismatic coins and he could never do it because of his fantastic ‘ethics‘. Well, it just so happens that this guy has also never made more than maybe $100 a month in network marketing, and in five months sponsored a grand total of one distributor, and every single other person that he had in his team – I personally put there, for a grand total of about 15 people. Now, I LIKE this guy – he’s cool, and I do believe he can and will succeed in this industry (or I wouldn’t have put people in his team), but don’t give me bull-crap.
If you’re going to claim to have some kind of superior ‘ethics’ – don’t talk to me about it until you have some results to show. My ethical friend there is now selling water for $50 a case. (***As a note – I love the water deal, and will probably buy some – and I’m not talking about my friend John, who is a great leader who I believe will eventually make a million a year in this industry and who HAS sponsored a LOT of people – I’m just pointing out a general inconsistency that is created out of fear of failure). If you’re going to claim ‘ethics’ don’t pretend you’re a leader if you have never made $200 a month in network marketing.
“Is Numis An Investment? David X Seems To Say That Numis Reps Are ‘Claiming’ It’s an investment.”
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).
See, once I actually saw the presentation, I got it right away – 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 $20-$30 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.
Do you see how silly the whole ‘investment’ objection is? It doesn’t even remotely make sense unless you’re trying to say that the company does the EXACT OPPOSITE of what is right on the front of their websites.
“Hasn’t This Been Tried Before? I Knew A Guy Who’s Best Friends Dad Lost His Shirt In A Coin Deal”
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.
In fact, I’ve sponsored several people into Numis that were in ‘Gold Unlimited’ in the 90′s, and from what I understand, what we do couldn’t be further from what has happened in the past. The Numis Network markets Gold and Silver NUMISMATIC coins graded by the three most respected grading agencies in the world, and we market a LEGITIMATE product that people are already spending money on – at competitive market prices – which is not just different from what you have seen – it is an entirely different kind of industry from anything that has hit the Network Marketing model in the last 120+ years of this industry.
We are a ‘first mover’.
“Isn’t The ‘Executive Kit’ Just An Excuse To Pass Money Around?”
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.
In my last company, iLearningGlobal, I had to manually enter all of my distributor’s information into a contact management system just to be able to email my downline and keep them in the loop of what we’re doing as a team – a chore that took at a minimum 2, and usually 5 hours a week and cost me an extra $50 per month – or $600 per year.
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.
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.
The ‘Numis Doesn’t Have Residual Income‘ Myth
When I first saw Numis, I called an industry leader (who shall remain anonymous), and asked him what he thought, and he said something that I thought was fascinating, he said ‘In my opinion, you can’t mark up a fixed priced product enough to pay a downline’.
Well, when I first wrote a review on Numis, I mentioned how the residual income is crappy because they are, in reality, only paying out about 30% of the ACTUAL MONEY SPENT on the flagship product – the MS70 Silver American Eagle. Well, I was right about the 30% part (they pay 50% of BV, and there is 60 BV points from one MS70 Silver Coin that costs $99).
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 company wide 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 built a team of around 1000 people in a well known vitamin company, years ago, and today I still have that business – THE ONLY people that are still on an autoship are people that had life changing product experiences. All of the ‘I take vitamins, and feel great’ people have canceled their product orders, one by one and now there is a grand total of MAYBE 30-40 people who got ‘cured’ of something for taking them (don’t tell the FDA).
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 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.
Here’s the COOL thing… Residuals are just an ‘EXTRA’ bonus in The Numis Network…
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, it’s ‘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, and 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.
(We’ve made some improvements, and we have residuals, too – which Excel just didn’t have…)
I can’t say exactly how much I made my first week in business – but I’ll tell you this – that ‘coded’ bonus made me more money in my first 14 days than I ever made in a month in my last MLM company after SIX MONTHS of aggressively building.
It’s VERY, VERY cool – and we pay it weekly.
…and if we’re going to talk about ‘ethics’, let’s talk about the ‘ethics’ of telling someone their 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‘?
My Final Thoughts
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 it’s 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 my good friend, Larry Beacham, a GREAT Network Marketing leader says:
“Everyone sells something – why not sell money?
Everyone collects something – why not collect money?”
Ha ha.
Let me tell you what I told Cedrick Harris and Brian Fanale the other day – I believe that The Numis Network is MY FIRST legitimate chance to build a team of 100,000 distributors in the network marketing industry – it’s the only thing that I’ve ever been a part of that ACTUALLY duplicates, and I’m just flat excited. My PRODUCT is money – and I’m proud of it. Let’s go out – and TRANSFORM the destiny of nations.
If you’re on the fence, get back to the person who invited you to view this article, and find out how you can lock in a spot. Timing in this, and in life, is critical. I’ll look forward to working with you.
-David Wood
P.S. You are welcome to re-post this in whole or in part if you link back to http://workwithdavidwood.com/numis-network-review-mlm-network-marketing/.
P.P.S. PLEASE – leave your comments and re-tweet this post if you’re a Numis rep – let’s set the record straight about what ‘David Wood’ thinks about Numis.
Popularity: 24% [?]
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- The Numis Network And The FTC – Is This Company Legit?
- Numis Network Training, A Guide Toward MLM Success
- Is The Numis Network A Legitimate Business Opportunity?
Wow, this covers ALL the issues of controversy and debate about Numis. This is a fantastic post to clear up the criticism and ignorance. Thanks Dave!
Stephanie Deneke.
Stephanie Deneke´s last blog ..MLM “Part Timer” Eaten By MLM Entrepreneur!
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Wow David – nice review. You answered a lot of questions I had about this awesome company. Thanks for being such a great leader.
Randy
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WOW is all I can say David…I absolutely love this very down-to-earth, get-the-facts review! Great Job! I hope that everybody realizes that they too have probably made the mistake of ASSuming something about a company or person, before knowing the facts! Bravo
~Nicki Talbot
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Hey David,
Great job with this review! You probably cleared up tons of questions many folks had.
Chat with you later…
Josh
Josh Garcia´s last blog ..Do You Want To Know How To Be Generating Free Online Traffic Coming To You?
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Well, It’s no surprise that you are the superstar you are my friend. That article was nothing short of BRILLIANT!
(Except of course, the part where you said that ILG retention was a monthly retention… only pissed because that was the exact question I asked you before I joined ILG)
lol –
Ok.. so I forgive you for that one.
I especially liked the points about all the added value in the executive pack. That was something I had been wondering about and had just chalked it up as “blue sky” which is perfectly normal in traditional business deals.
Glad to know there is all that extra value in the Executive pack.
So, the part about the residual was cool too because there absolutely is quite a difference in the dollar to point spread on the monthly autoship and alas, was another point I’ve been running around in my head.
It’s true that any good **investment** guy (and no, in case you’re wondering, that’s not me… I’m just a Numis rep.. don’t look to me for investment advice. Please, please, PLEASE! ;0) )
… knows that money now is better than money later. So, I better figure out how the whole coded bonus thing works so I can rest easier about my decision to follow the magical, mythical marketer (yes…that’s Dave Wood) into the Numis network despite my well researched and delivered video critique on Numus that you can all find here, for a good laugh.
Great article Dave. It’s a pleasure to be associated with you. You’re a great leader, thinker and communicator. Keep up the good work!
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David Wood Reply:
April 1st, 2010 at 2:53 pm
Sorry about that one Paul – I thought a lot of things about ILG were different than they were… You weren’t the only person that thought that the monthly retention was an annual retention
I thought people in ILG were making $50k per month, too – when in reality the top earner was making less than $20k per month.
Not my fault – just me believing people before researching the facts
Won’t make that mistake again… however, I value my experience that I had there – I reached some major breakthroughs through my associations there…
-dave
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Sweet job my friend…
MLM Brothers´s last blog ..A Numis Network Review From Someone Who Thought He’d NEVER Join…
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David,
It’s nice to see that once a person gets all the facts straight they are able to make an informed evaluation and decision…
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“WOW you are Awesome”! I love this article and all of the training that you give us. Keep up the good work. Andrew
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Your enthusiasm is contagious! Great Leader and congrats !!
barbara corson´s last blog ..A Numis Network Review From Someone Who Thought He’d NEVER Join…
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Right on Dave!!
Does this mean we’re now past the ignored phase and the ridiculed and condemned phase is just heating up? I for one welcome it.
Egos have unfortunately clouded the judgment of those screaming “unethical” to the point that it’s almost become laughable. From someone who has a 100% personal team retention rate, I can say without hesitation that Numis may be the MOST ethical opportunity this industry has ever seen.
Unless it’s unethical that Numis broke away from the industry norm of marketing overpriced and hyped up products. Finally a company in our industry is delivering to the consumer a product with real world value. The playing field is no longer level.
I can only imagine how many of these “I Was Wrong About Numis” posts we’ll see in the future. LOL
I’ll be sharing this post with my entire list.
Well done,
Tucker Keeling
Tucker Keeling´s last blog ..Amega Global Review, Will These Magic Products Create Wealth?
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David Wood Reply:
April 1st, 2010 at 6:12 pm
Ha ha – yeah it’s hilarious man. We’ll see a lot of these as time goes by – the leaders will come when all of their downline come over
-dave
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Dave, brilliant review! You’ve covered the facts and controversial issues really well. Thanks for your great leadership. ~ Melissa Selby
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One thing i like about dave
he gets a email or phone call
and he loses a big part of his
income that day .Did he cry no
Hes a business man he went to work
A lot of people did not like this but not me
he saw opportunity and moved ps,,,Wish i went with him
still might . Thanks for clearing some things up
jdavid
jdavid moffitt´s last blog ..A Numis Network Review From Someone Who Thought He’d NEVER Join…
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David Wood Reply:
April 1st, 2010 at 7:29 pm
Ha ha – thanks David
hey you should give me a call buddy – will be in touch soon.
-dave
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Hey David,
I am glad you posted this article. I too, read an email from someone I respect in this industry that “had to get it off his chest about Numis.” We are a first mover true and we are proud to sell money!
Robbie Johnson
Robbie Johnson´s last blog ..From the Desk of David Wood: A Numis Network Review From Someone Who Thought He’d NEVER Join…
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I especially like the “messiah” reference, David. Your comments are among the most adroit I’ve seen on “numis network,” for which I regularly view the top 500+ generic Google results. Isn’t it amazing how pride often gets in the way of ones ultimate enlightenment? Even messiahs should not resist the power of knowledge and the freedom it can bring.
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Thanks for the Meat and Potatoes David, showed me a thing or two.
There is a lot of truth in what you’ve said and I cannot understand what there is that needs to be argued.
Kimberly Flores´s last blog ..A Numis Network Review From Someone Who Thought He’d NEVER Join…
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The biggest question people have that I spoken with is not calling into question Numis as a opportunity per say, but rather how has David reconciled his previous opinion with that of the present. I mean the basic fundamental model of Numis is the same in terms of the comp plan that David so harshly criticized. In fact, David stated that he never wanted to be part of a binary plan like the one Numis created for its plan ever again. I get that ILearning shut down, but that did not change the basic structure of the Numis opportunity but merely provided David the means to bring 100 people into Numis as one large team thus elevating him to “superstar” in terms of the coded bonus overnight. Job well done for David, but I just hope that everyone else understands that what David pointed out months before is the downline will have to work their butts of signing up people to attain even 1,000 a month in income. Davids point, not mine.
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David Wood Reply:
April 1st, 2010 at 10:58 pm
J.D.,
When I pointed that out, I misunderstood the coded bonuses in the compensation plan, and they make the traditional struggles of the binary irrelevant. This company is dramatically easier to create $1,000 a month in income than was possible in iLearningGlobal or any other company that I’ve ever been involved with. If you have questions about why – call me.
801-542-9350
-Dave
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Very interesting article Dave… you know I have been following you from the very beginning, we talked back in Sept last year right about the time you did the Automatic Article Submitter webinar for MLSP… I was considering joining iLG and went with Pre-Paid Legal instead… I’ve been fascinated with your massive action in moving from iLG to Numis, and admittedly have/had a lot of the same concerns. I was going to do a blog post on “Why I Admire and Respect David Wood” and this has given me more fuel.. thanks for all you do…
Chris McCamey´s last blog ..My Thoughts On Mike Dillard’s Release Of “What’s Working Now”…
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David Wood Reply:
April 1st, 2010 at 10:59 pm
Ha ha,
no probs my friend – Pre-Paid legal is a good company. You should connect with me sometime – call me.
-dave
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Great Article David..
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Hey Dave, thanks for clearing up some thoughts about Numis and iLG… >> People humility and decisive action are the marks of leadership <> Here are my thoughts on Numis and more<<
Numis is not investing in silver and gold. It is simply a referral marketing vehicle attached to a leveraged income payplan. The company offers a convenient method to educate people, and sell Numismatic coins to those who desire to create a collection of collectable graded coins, which as time, rarity and demand increase, have the potential, to increase in actual market value, and then become valuable assets, which in turn is pretty cool…
So the bottom line, as you know, is they are collectables and should be treated as such… Can they increase your "net worth"? … Possibly… If the market demand and projected "certified" value intersect, meaning that if you go to a reputable coin dealer, and they offer $500 for a coin you paid $100, 10 years ago… Then your net worth has expanded by $400 in assets from that 1 coin… because the actual value people will pay for it has increased by $400, producing a tremendous gain in profit.
However, some people are confused and think that Numismatic coins will hold the same value in the marketplace in regards to hyperinflation of the U.S. dollar, and other fiat or paper-backed currencies…
If you are paying for groceries, or gas with an American Silver Eagle $ 1 coin, the clerk will not care if your coin is "certified" and sealed in a cool case… The only value that coin has in the market value is the spot price of 1 troy of ounce of silver. So if the coin having 1 troy ounce of silver in it, has a spot price of $50 per/troy ounce of silver, then that coin will get you $50 of gasoline.
So are numismatic coins a good choice for collecting assets? Sure, they can be, as long as realize that they are like a rare Spiderman comic book… essentially only collectables… And the value in collectables is time…
So when the market is flooding in the next few years with all the numismatics that people bought thinking that they will get $100 for, what they paid, but only are offered the spot price of that metal which might be less…
They will kick themselves for not doing the research and instead jumping on the "Silver Storm". Numismatic coins, are collectable by design and should only be treated as such.
In contrast, bullion coins and bars are designed and should be used because their purpose is to be expendable, so you coin leverage yourself against the decline of a fiat currency ( the U.S dollar and others)… These coins and bars you can purchase without a high mark-up and in mass quantity for slightly over the spot price of silver or gold.
So final verdict… Yes as you have shown it is very cool to get "assets" in the mail, along with checks, based on multiple income streams… And I am looking forward to that time for myself, however everyone should understand that Numis is offering "collectable coins" that as time passes
if kept can increase in actual market value… if the rarity increases, meaning the amount of that specific coin available, the demand in the marketplace exceeds the supply, and the spot price of the metal increases as well…
So for those in Numis, congratulations… you are offering a valuable product that people like, and if kept as a collectable, over time can increase in value and truly become an asset.
However, don't ignore the realities and strengths of bullion coins and bars… In fact realize the two are both useful and can be used in combination with each other if done properly…
In building a network marketing opportunity, the are three key components to your success… The first is getting off to a fast start, that puts you in profit, and sets the example that your team will follow.
Second, you have a system in place for exposure, education, enrollment, duplication, culture, and training… that takes you out of most tasks of building your organization, and not babysitting your team… You create a model of being in business together, and growing as a TEAM, not only as individuals…
And the third step is to create a mastermind group of your leaders, and work with the leaders there, and reach out to the newest, most excited and productive person in your group and show them that leadership and appreciation starts at the top, and you are truly in business together.
So instead of harping on Numis, or defending it with all your honor, realize it is a powerful vehicle for producing wealth.
Capitalize on that, and in your mastermind, take a group of ten people all who see the value in gold and silver, and together pool your funds and buy two cases of 500 Silver Eagles, bullion coins, and split it…
That way each of you will have 100 coins just over the spot price of silver that will be more useful sooner rather than later in the progressive downward spiral of the global and domestic economy.
If you do this, you will have an "asset" that will be like your G.P.T. or upfront money in MLM with the bullion coins, and the backend depth money, or residuals will be the collectable coins, that in 10+ years will gain value as the rarity, demand, and spot price of gold/silver increases.
Remember the most important thing is to create multiple income streams, and build your network with people more talented, more connected, and more saavy than yourself… Many people are hurting right now, and the industry at large has a solution…
Test the waters for " Titans in Transition"… you never know who you might find.
–David
[Reply]
David Wood Reply:
April 1st, 2010 at 11:02 pm
David,
You’re a great writer man, you and I need to talk more – I agree, I think purchasing bullion is a great idea too – thanks for the feedback my friend.
-David Wood
[Reply]
In my last comment, some thing may have been seen as investment advice…Let me clarify… I do not recommend doing any investing without proper education, going through the official channels, and seeking out the right sources you feel are good for investing…
Any part of my comment is solely my musings, and views, and some things which I might do, but as a disclaimer cannot recommend for you.
Do your homework, and go through the proper channels.
[Reply]
David Wood Reply:
April 1st, 2010 at 11:15 pm
Dave, once again man – you’re just good with words bro – you should study copyrighting, I don’t know if we’ve ever talked about that, but it would be a strong skill for you in the Network Marketing niche.
-dave
[Reply]
David Clothey Reply:
April 2nd, 2010 at 12:19 am
Hey Dave,
Thank you for the compliment… Most of what I know of marketing, I learned from you. As for copywriting, I would love to learn that… It seems fascinating to me.
Alot of people have given you flack for hopping to Numis, when in the past you did have a pretty critical review… However, what people fail to realize success in business comes down to three things.
It takes integrity, trust, and decisive action. You spent 6 months putting out more value than just about anyone online, and at no cost…
You actually connect with people and help them, without personal gain, a mark of integrity.
Finally, 3-5 people daily don’t join you in business if they don’t trust you… And momentum isn’t maintained without action.
I wrote a quote the other day I think represents you well.
“A person’s character is forged through fire, but as the flames fade away, only in the embers will it be truly revealed.”
Ray Kroc, the founder of the McDonald’s juggernaut had three rules for success:
1. An opportunity is at The Right Place at The Right Time.
2. Recognizing You Are There.
3. Taking Massive & Immediate Action!
>> (Alot of people question why Numis is where you decided
to build your home with… This should answer that).
Dave I will speak personally to the level of your character, and servant leadership to those who might not understand you. You exemplify servant leadership in its truest form… Anyone who decides to build a business with you will be blessed to have you as a friend and a mentor.
Rock on buddy, I’ll see you at the top.
-David
[Reply]
Thanks David! I could not have said it better myself. I hope you don’t mind me using this to educate some of the naysayers I have come across.
Have a Blessed Day!
[Reply]
WOW! What a review! Someone said in their comments you should be studying copywriting…I think you should be teaching it!
Awesome job!
Barry
p.s. I still want to have a beer with ya when I come to Costa Rica to surf again!
[Reply]
David Wood Reply:
April 2nd, 2010 at 12:05 pm
Ha ha, cool man.
I don’t drink, though, but I’ll have an ‘orange juice’ or something and you can drink whatever
lmao.
-dave
[Reply]
Hey David. This article reminds me of Paul in the bible. Here’s a two sentence “bible lesson.” Paul hated Christians, even killed them with legal backing. Then he had an encounter with “The Truth” and all that changed. The greatest enemy of the church became it’s greatest ally. In like sense, your eloquence in this article following your admissions of ignorance and fear led you to see the truth about this opportunity. Now, like Paul, you’ve turned from being a major adversary to a very valuable asset – excuse the pun. I’ve always respected your leadership and ability to gain a following. The greater lesson here is being a person of integrity who is after the truth and being willing to let go of previous beliefs when they are proven to be flawed.
Larry Beacham
“The Stonecold Millionaire”
[Reply]
David Wood Reply:
April 2nd, 2010 at 1:35 pm
Thanks Larry – it’s good working with you guys again, we’re always better as a team, I’m looking forward to helping the community get to the top in any way we can
-dave
P.S. I think Jeffrey Combs says it the best “Is your EGO bigger than your bank account?” For me – I can’t let an ego get in the way of what could be the most transformational journey of our lives. I hope others out there can learn a lesson from it, too.
[Reply]
Dave:
Thanks, you are not the first skeptic that has jumped the gun on the Numis opportunity. Great follow up article. Share the wealth.
[Reply]
Great to Have David on the best team on the planet
well I could say (I ….) well I won’t anyways Great leader and the reason I can say that coming from 17 years in the industry is you truly realized your faults and put away the ego to allow opportunity to shine through. Numis rocks and there is nothing anyway can say and it is not just a me to product that is what has everyone up in arms about and as such we become the biggest fish you could ever imagine in a little pond. See you at the top you can count on that!
Kenny´s last blog ..Numis Network – You Can Have The Lifestyle You Deserve
[Reply]
Excellent review David and an eye-opener for me! I already re-tweeted this and Facebooked it! LOL
You guys ROCK and I too feel like this will be the first MLM company that will explode my downline! YAY for guys like you that tell it like it is!
Be Blessed!
Richard Cooper
[Reply]
I feel like I’m at a revival; a revival of numismatic proportion. I like what I’m reading and the feeling I’m getting while reading it. Makes me wanna dance in my cubicle!
[Reply]
Dave-
I wrote you an abnoxiously long email so I’ll ‘try’ to keep this shorter.
Your coming forth about your previous misconceptions and opinions about Numis is gratifying to see. It shows that there ARE mistakes allowed in even the best of leaders.
If there were ever somebody who knew his leadership ability but was ‘stuck’ for a myriad of reasons, it’s me. And your willingness to make that public shows just how much of a REAL leader you are.
Being on your team is going to be so much fun. I know what kind of guy you are and am totally aligned with you.
Despite lack of comunication the last couple months, I just wanted to shout some love to you from Chicago. Can’t wait to mastermind with you more..Thanks for your Leadership, Dave.
Brian Nussbaum´s last blog ..Todd Falcone Explains How To Do Effective Follow Up
[Reply]
David I always respected your leadership and your skill as a Master Marketer/Promoter but what you have shown the is like Maximus.
Your name is Gladiator! and your a man for the people.
I Salute You! Integrity & Honor.
[Reply]
Hey David, I enjoyed your post. Very well thought out and written. I did think you omitted a couple of things that should be considered regarding Numis. That is, where are the retail sales? Is the auto-ship payment enough to get a coin each month? What about the 70% rule?
Search the FTC site for a company named Jewelway. They sold jewelry that comprised “gold bullion” coins. I’ve certainly seen traditional companies selling the coins in their jewelry. The FTC shut them down for lack of retail sales.
I know you’ll say other MLM’s don’t have a lot of retail sales either. The big difference, IMO, the US Government does not want “their” coins, bullion or numismatic gold coins involved with any MLM as a product.
It’s only a matter of time, before some official or a friend or who ever, will raise the very same claims you initially raised. (That’s a given) Will they be so easily swayed to rationalize it out like you???? NOT!
They’ll look to find a way to shut Numis down. Lack of retail sales is my guess. (FTC vs. Jewelry)
David >>it’s the only thing that I’ve ever been a part of that ACTUALLY duplicates, and I’m just flat excited. My PRODUCT is money – and I’m proud of it. Let’s go out – and TRANSFORM the destiny of nations.<<
I'm not inferring anything about Numis, however, ponzi & pyramid scheme's have always duplicated very well.
And their "product" is always "MONEY."
Do a little more research.
I'll be very interested to see what you have to say about
FTC vs. Jewelway.
You're doing a great job with attraction marketing.
[Reply]
David Wood Reply:
May 13th, 2010 at 7:37 pm
Hey Paul,
Just a quick response to this – I personally have enrolled a few of the top earners in Jewelway to Numis, and the reason that Jewelway was shut down had nothing to do with the coin jewelry or the government perspective on ‘coins’, it was because a handful of the diamonds were pushing people into $10,000 buy in packages (this wasn’t from the company, it was from field leadership)
It became a problem from front end loading people into buy in package to qualify for commissions and the company was aware of it and didn’t stop them – THAT is the real story of Jewelway.
I could put you in touch with one of the top earners in Jewelway if you would like to hear the whole story
-david wood
[Reply]
Hey David,
This was a very well written article you have here. I’ve been following your articles and such for awhile now. Numis Network just makes cents…. oops you know what I mean.
Hey, everybody makes mistakes and the first time we look at things it’s hard to see it at face value. What’s done is done and now you’re one of us! I look up to you as a leader and I wish you much success in Numis Network!
-Rhandell
Rhandell Mitchell´s last blog ..Making The Most Of Your Attitude
[Reply]
Hi David,
You answered every important questions about Numis Network, great post!
Martin Micka
Internet Marketer
Martin Micka´s last blog ..Don’t rival, create!
[Reply]
I went to the company website to look at the products and prices but it would not let me since it was not an associate site. So I thought this article would have a link to your company website.
[Reply]
David Wood Reply:
April 6th, 2010 at 11:57 pm
Chuck – this article is generic and I want everyone to be able to use it, so my company site isn’t here. Get back to whoever referred you to Numis and ask them to see their website
-Dave
[Reply]
‘Gold Unlimited’ in the 90’s Mentioned above…. David and Martha Crow were giving out certificates during the last part.. Certificates = phoney money Big difference.
Rod
[Reply]
Hey Dave,
Well written article. I’m a little confused about the remarks about your former team member and ethics. You said
“If you’re going to claim to have some kind of superior ‘ethics’ – don’t talk to me about it until you have some results to show”
I’m not sure why someone who has not made money or found success is lacking ethics. Ethics have nothing to do with the success you’ve had. In fact, I think there are some people having great success in Numis who have tossed their ethics aside in the process. Obviously, I am not talking about you Dave.
Again, though, I’m not sure why this comment was made. You may not agree with this persons decision, but their ethics should definitely not be called into play because they haven’t had a ton of success… YET
Just my thoughts,
Nick
[Reply]
David Wood Reply:
April 9th, 2010 at 8:43 pm
Nick,
I was talking about the contradiction created by questioning my ethics while you’re pretending to be a leader in this industry to people who don’t know you’ve never made $200.
Money has very little, if anything to do with ethics.
If anything, I was challenging that and the notion that it’s ethical to promote a business to people getting involved in it for an opportunity to create residual income, when in fact the residual income doesn’t exist.
Or what about the ethics of promoting a business to people who are joining to make money, and it’s almost impossible to make money in that company.
But probably – I was, and am, just ranting.
Good to hear from you pal
-dave
[Reply]
Dave,
When I read the “coin messiah’s” piece about Numis where he leads with what you said about the opportunity(before you joined), I questioned TCM’s ethics. In addition, I question the validity of that type of argument. Anyone that has ever studied philosophy knows what TCM is doing here is called an argument based on “appeal to authority” or maybe even an “argument of composition” which are both fallacious. Somehow, the reader is supposed to discredit your decision to join Numis simply because you changed your mind or because an outside “authority” like Mike Maloney, advises against numismatic coins.
I question the ethics of anyone that uses tactics like this because they are meant to discredit the decision that another individual has made rather than argue the merits or drawbacks of the opportunity itself. I also very much question the integrity of an individual that screens replies that are made to fit their own agenda. The reason that I know this is happening is because I receive email updates on ALL replies that are made, but many(mostly critical of TCM and well-written) never make it to the thread itself. I am smelling quite a bit of “home cooking” on what I am sure TCM is trying to portray as a truly objective piece. In order to be truly objective, all post submissions should be accepted and displayed just as I know that you do here, Dave.
Eatin’ Lightnin’ and Crappin’ Thunder,
billy-bob-joebob-smith IV
[Reply]
Great post Dave! It really helped answer some questions about the company! It’s awesome to be on your team!
John Domzalski
http://JohnDomzalski.com
[Reply]
Thank you David ! Was just looking at their website for the first time over the last hour or so and was glad that you came up in my research for Numis One. Seems pretty ingenius if you ask me. Do you think its possible to do ok using their entry level program? Your transparency is awesome.
God Bless
[Reply]
Excellent review of Numis David! Keep up the good work …glad you are onboard with Numis! I think every network marketer that passes up this opportunity does not really understand the power of this business – the opportunity – the products – the leadership – the timing – the marketing systems in place – the training…I could go on and on…but there is nothing that can complete with the mass appeal of marketing gold & silver “money”. I have been in the game since 2001 and I have never seen anything with this much potential before…just wait til we go international!
Che´s last blog ..2010 Australian Silver Kookaburra 1oz Silver Coin – $99.95
[Reply]
Very cool perspective of the Numis Network. Glad you joined us my friend. Wish you all the best!
By the pool,
James Wehner
http://www.MLMonlinemagic.info
http://mlmonlinemagic.wordpress.com/2010/04/20/numis-network-update-former-critics-like-david-wood-are-now-joining-the-prestigious-numis-network-silver-gold-numismatic-coin-company/
[Reply]
Hey David,
Excellent review! Makes all the sense in the world. Over the years I myself have done vitamins, cookies, encyclopedias, water. Coins make perfect cents$. tHANKS gARY
Coop´s last blog ..The One Thing That Will Make Or Break Your Network Marketing Business
[Reply]
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