Product Name: Numis Network
Product Owner: Numis Network, LLC.
What is it?
An online company specifically focused on selling coins with an emphasis on the way that people can get theirs for free.
Numis Network’s hook is that you can earn free silver coins, but it isn’t as simple or as effective as it sounds. Instead, all the company really offers is more expensive than normal coins that can be bought in many other places.
Before You Buy
Make sure you take the time to research exactly what coins you buy are worth and how to resell them. Otherwise, you risk paying more for coins than they are actually worth and having little way to get their value back.
What I Liked
The site looks nice and for the most part it is well presented.
What I Didn’t Like
The first thing to understand about Numis Network is that the company sells coins. That’s pretty much it. The coins themselves are gold or silver and the basic concept is that it offers a way for people to accumulate assets.
I can see the value in buying coins as assets. After all, there have been some pretty major economic scares in recent years and people are looking for ways to safely gain and hold onto wealth.
However, one of the key elements in buying coins for this purpose would be to buy them from a reliable site and at a good price. That isn’t what Numis Network really offers.
In particular, there are many other places to buy coins and most of the time the prices tend to be lower than what Numis Network offers. In fact, this is something that Numis Network even acknowledges:
Yes, buying coins off eBay probably isn’t a good idea unless you really knew what you were doing. However, there are many other authentic and reliable websites online that sell coins at a lower price. Additionally, the fact that you can earn coins for free might seem like a fantastic thing, but it isn’t as great as it sounds – which we will get to in a minute.
Another thing about the company that sounds great, but really isn’t, is the company’s guarantee that it will buy back coins at original purchase price.
Actually getting this money back involves having the coins in perfect condition (and their slabs), having all the relevant paperwork and paying for tracked shipping. Even then, you don’t get the original shipping fees or taxes back, so you still lose money – and the guarantee only applies to coins you actually bought (i.e. not free ones) through the coin of the month.
So, in practice, the process of collecting coins through Numis Network could majorly backfire if you ever needed money, as you would need to sell the coins and you simply wouldn’t get back what you paid for them.
It doesn’t look like it at first, but the emphasis of Numis Network is actually on recruiting other people. This is reflected in the Three for Free program that the site offers.
Basically, for every three people that you sign up to the company, you get a free coin each month. Sign up six people and get two coins and so forth. This only refers to the Coin of the Month element of the site and you only get the free coins for as long as the people you refer stay in the company.
So, the concept is that Numis Network is a great place to get coins because you can get them for free. However, this can be quite challenging in practice.
As a general rule, the more expensive a product is, the more difficult it is to get people to buy it. With Numis Network, not only are you dealing with an expensive product, but you are also trying to promote something that most people would not have even considered buying.
Furthermore, you have to convince three different people to join (and stay on) the Coin of the Month, just to get a single free coin per month. Even for an experienced sales person, making the sale would be difficult, and most people who join Numis Network and similar companies aren’t experienced at all.
In fact, it’s much more likely that you have no previous experience in the area, which makes for a very difficult sales process.
Not only does Numis Network not actually pay money directly, but it can also be particularly challenging to even get enough people recruited to get anything for free. With coins that are being sold at for more than their value, Numis Network is a way to lose money, not to gain it.
The biggest issues with Numis Network is that you are restricted in what you can promote and there seems to be little-to-no training on how to effectively sell this stuff. The cost to get started is also pretty high.
This is why I recommend Wealthy Affiliate over any other program out there. It's free to join, you don't have to recruit anybody, and they have a full set of training modules to teach you how to market your business on the internet. Don't have a business yet? They'll teach you how to make one based on your personal interests and even find people that actually want to buy what you're selling!