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Numismatic Coins And Network Marketing - The Perfect Marriage

Author : Reginald Liggins

The Numis Network, in my opinion, is the perfect marriage between the numismatic collectible coin industry and the network marketing industry. They are both impressive and profitable industries on their own, but together they form an unbeatable combination. What makes Numis so special is that it is the first, and the only network marketing company that markets graded, modern issue gold and silver coins. Now, full disclosure, I am a Numis Network distributor and am proud to be associated with the company. Also, I had no real practical experience as a coin collector before joining Numis a month ago. This article is not to sell you on Numis Network, but rather to talk to you about the Numismatic coin and network marketing industries. So let's talk coins.

Numismatics is the study and collection of money. The numismatic coin industry is an $100 billion industry world-wide, and a $10 billion industry in the United States alone. To put the U.S. portion in perspective, this industry is comparable in size to the music industry or the Hollywood movie industry, or the pet supply industry in the U.S. I bet that if you were to look in your local yellow pages, you would be surprised at the number of coin shops and coin dealers in your local area. I know that I was. Similarly, I was surprised at the number of coin clubs and collector groups in my area. And judging by the only coin show that I've been able to attend, this industry is popular as well as huge.

Granted most of the dealers that I've met so far specialize in antique or rare coins as opposed to modern issue coins. But bear in mind that modern issue coins will become rarer and more in demand as time passes. As I mentioned earlier, the Numis Network specializes in graded, modern issue coins as opposed to bullion coins. The value of an ungraded bullion coin is basically the spot price of it's metal content. The value of a graded coin is based on it's metal content, rarity, collector demand, and condition. These coins are graded on the global standard for grading coins known as the Sheldon Scale. The Sheldon Scale runs from Mint State (MS) 1 to MS-70, with MS-70 being uncirculated, virtually perfect in condition, and untouched by human hands. These graded coins are certified by one of the 3 major grading agencies: ANACS, NGC, and PCGS. Once certified, these coins are then encapsulated in hard plastic "slabs" for preservation and presentation. As I said earlier, Numis is the only network marketing company marketing modern issue numismatic coins.

Network Marketing, also known as Multi-level marketing is a marketing strategy wherein the marketers are paid not only for the sales they make, but also for the sales of anybody that they recruit. This allows you to create leverage in your business and earn money off of the efforts of others. There are currently over 63 million people involved in this $114 billion industry worldwide. A quarter of these people, 15 million, are a part of the $31 billion share of the industry in the United States. In the last 60 years, there have been more millionaires created by the network marketing industry than any other industry on earth. However, there is nothing easy about this industry.

Regrettably, the network marketing industry has about a 95-97% failure rate. Network marketing businesses do not have the high start up costs and overhead associated with traditional businesses, of which about 90% fail within the first five years. And in my opinion, it's not so much that people fail in Network Marketing, but that they quit before truly giving themselves an opportunity to succeed. Think about it, people go to school for years to learn a profession or trade, but they often join a network marketing company with no marketing training or experience, and if they don't have instant success they pack it up after just a month or two in business and quit, before they really learn anything about sales, marketing, or networking. But those who take the time to learn the business and stick it out can be richly rewarded for their efforts.

The beauty of this marriage between numismatic coins and network marketing is that the Numis Network sharply reduces the rate of failure. Even if you never recruit a single soul, as long as you are on the autoship you are collecting assets every month that you can put on your balance sheet. The product is not a consumable like most network marketing products, which are worth nothing after consumption. With Numis, you are actually better off financially the longer you stay on the autoship. This leads to a much higher retention rate than the industry norm. You also have true collectors in Numis who purchase more than the monthly minimum. All of this leads to stable and reliable residual incomes which makes Numis just about the only business where the average person is making money by selling money without having a commodities broker license.

Author's Resource Box

I hope that you enjoyed reading this Numismatic Coins and Network Marketing article.

To learn more about the Numis Network opportunity check out my Numis Network site here.

Reginald Liggins is an internet marketing trainer and coach who resides outside of Portland in Beaverton, Oregon. Reginald can be reached at:

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Tags:   Numis Network, numismatic coins, gold and silver coins, network marketing, multi-level marketing, mint state, ms 70 coin, residual incomes, collectible coins, money, gold, silver, gold coins, silver coins, numis, numismatics, modern issue coins, Sheldon S

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Submitted : 2010-11-01    Word Count : 935    Times Viewed: 619