The MLM and Home Business Resource Center - Latest Comments

Re: MLM Success Story – Richard Dennis

Charles Holmes — Tue, 03 Jan 2012 11:14:10 -0000

Richard,

Great article man. Michael D. is a class act. I am not affiliated with him, but I have read his eBook. He is one of the few people who constantly give back to our industry. I have a lot of respect for him because of that.

Chuck

Re: Some Hard Questions About The Numis Network

Boomer8238 — Wed, 15 Dec 2010 17:03:23 -0000

Ed,

I'm not sure why you're struggling so much with the concept of Retail vs Wholesale. You can't go out and buy these coins for $35 as a retail customer. Dealers will give you (the last time I checked which was just before I posted this article) $25-$50/each for these coins if you bring them in to exchange for cash. They will retail them for a higher value. That's how they make their money.

Hope that's clear!

Re: Some Hard Questions About The Numis Network

Ed Fugatt — Wed, 15 Dec 2010 15:53:02 -0000

Hey Dennis: One of the founders of Numis just offered to buy 5000 MS70 American silver eagles from some guys that said they could get the same coins for $35. You need to tell your local coin dealer about this. He also offered a $5K finders fee if they deilver. The offer may still be good.

Re: Some Hard Questions About The Numis Network

Boomer8238 — Mon, 13 Dec 2010 11:50:22 -0000

Regardless of "the numbers", Ed, the marketing of most reps is as stated above, “Autoship that increases your net worth.” and “Why Not Buy Money”. It's misleading to the average consumer who buys these coins thinking they're actually worth what they're paying for them. Not true!

I encourage you, or anyone to simply call a local coin dealer and get the numbers for yourself.

In business and in dieting, "The Figures Never Lie."

And, by the way, there's nothing DISHONEST in this post and I resent the insinuation as such . Retail prices may have changed, values do go up and down but the CONCEPT of the investment 'scam' remains in tact. Numis reps are selling to a misinformed public why buy into their untrained and unfounded "investment strategies."

People are getting financially hurt and THAT'S why I posted this. Not to discredit anyone or any company but to simply alert people to LOOK FOR THEMSELVES and then make an INFORMED decision.

Re: Some Hard Questions About The Numis Network

Ed Fugatt — Sat, 11 Dec 2010 09:35:32 -0000

The rest of the story! (The second time)

I am a little surprised. You are in MLMer yourself and you choose this
approach. You must not know our industry very well. There are dynamics
of our industry that most MLMers know. Let me help you with just a few
and couple them with your article.

First, the "I can get it cheaper at Walmart" dynamic applies to all mlm
products. If not, how do the distributors get paid? But I got to say
that your article is a little disingenuous and I am being polite.

Your comments are misleading and they can only be misleading because the
information is untrue or the author is un-intelligent. So lets try and
find out which category you may fall under.

Here is my personal numis shopping site - www.shopnumis.com/gbl. Check
out the retail price for a MS70 Silver American Eagle. It retails at
$119.95 plus shipping and tax. Not $149.95. Now in all fairness you published your Numis article in Feb 2010, I was not in Numis at that time, so maybe the retail was $149.95 then, but I dont think so.

I noticed that your so-called expert apparantly does not want his name published. Isn't that interesting? The Numis Network expert's name is Mike Mezack. He is not ashamed to let people know who he is. If you research Mike Mezack, you will find a lot of information. One reason I can think of as to why your expert don't want his name published is because he knows of Mr. Mezack and the expert fears the scrutiny of his peers. I cant speak for Mr. Mezack, but I would lay odds that if your expert does have a bunch of real ANACS, NGC, or PGCS certified MS 70 American Silver Eagles for $25, Mr. Mezack would probably want to buy every one he has. Only true business people will figure this one out.

As to the price comparison, I agree with you, that you can probably get the same coins cheaper, but a fellow MLMer should be asking this question - How much is the $25 dollar MS70 Coin wholesaler paying you to purchase his product?

Additionally, as a fellow MLMer (Peoplestring), you should know that any MLM product by itself can not compete with the "Walmart" versions by themselves, but when you market the product through an MLM business, you will beat the "Walmart" versions everytime. To explain this, I submit a challenge to you. You buy your $25 MS 70 coin and I buy one of my MS70 coins today for $150 (your price), and after a year I will have more asset value in my coin than you do. We dont know how much the coin increases in value in a year, so lets assume the wholesale value of our 2 coins is $50 at the end of the year - the price doubles. In my MLM, if I enroll another like minded MLMer, I will make $100. Lets say that I am a horrible MLMer and can only enroll one person every 3 months. In a year I will make $400. At the end of the year, You and I both have one coin each worth $50 (your price). Lets do the math. You paid $25 and made $25 net ($50-$25). I paid $150 and I made $300 net ($450-$150). This is an illustration of the power of Multi-Level Marketing and being a fellow MLMer, you know this. I now have to ask - why didn't you include this part?

Second, I can google any product, MLM or person, and find something negative. For example, lets pick a random insurance company like "state farm insurance". This is a great insurance company to me, but if you google "state farm insurance fraud", you will find some interesting
things. You can also google "peoplestring scam", and find some more interesting things. Its the same for any product, MLM or person. Heck, google "Jesus Christ".

You know, I am sure you are a great guy, but there are some issues here. As of Feb 2010, we know that you were involved in some way with the website "The MLM Resource Center.com", and are apparantly a member of a MLM Company called Peoplestring (A good MLM company by the way) and a State Farm Insurance Agent. As such you know that in a MLM, the only way to make real money is to have a big downline. In a market of over 5000 MLM companies, you have to use every bit of leverage you can to get as many people in your downline as possible. There are good and honest ways, and some not so good ways.

In my opinion, it is a dishonest way when someone misinforms the public about a competitor to enhance his personal business, but each of us has to make up our own mind.

Re: MLM Success Story – Dave Cones

business post card — Tue, 06 Apr 2010 20:58:40 -0000

Thank you for sharing the story.

Re: All I Really Need to Know I Learned From The Bible

Boomer8238 — Sat, 03 Apr 2010 12:14:15 -0000

Thanks, Sabrina. Blogs are such a labor of love... I always appreciate your support and encouragement.

Re: All I Really Need to Know I Learned From The Bible

Sabrina Coffin — Sat, 03 Apr 2010 01:16:34 -0000

Dennis ~Your blog is by far the "coolest" blog around. Not only do you provide a ton of great conten, but you also have created a one-stop location for anyone in this industry who is searchig for answers and a true leader like yourself. Keep up the great work!

Re: Living a Life of Influence

Jacqueline McGinnis — Fri, 26 Mar 2010 18:14:17 -0000

Dennis,
I was so glad to find this advice from you. I so believe in the saying, "The teacher will arrive when the student is ready." Honestly, I've read what you have said in this post before, but this time reading it, and the way you so clearly expressed influence clarified many points for me and really sunk in. Thanks for the insights.

Re: Some Hard Questions About The Numis Network

Robert Breiner — Thu, 18 Mar 2010 12:04:55 -0000

Great information Dennis,

I see more and more people jumping on this "Numis Network" bandwagon without doing much homework (such as this).

Keep up the great work!
Robert Breiner

Re: Some Hard Questions About The Numis Network

bobandannabassett — Thu, 18 Mar 2010 11:40:31 -0000

This is great, Dennis! You've done some excellent research and presented it in a straightforward and easily understandable way. Always a treat when someone blows away the smoke and breaks the mirrors. Your article will help us help many others considering this company. Thanks again from Bob and Anna!

Re: Some Hard Questions About The Numis Network

Boomer8238 — Thu, 18 Feb 2010 11:18:38 -0000

Hey, Teresa,

Glad the thoughts I offered may have helped you make the right decision for you. Are you in a company now?

Re: Some Hard Questions About The Numis Network

Teresa — Thu, 18 Feb 2010 11:14:20 -0000

I appreciate your investigation Dennis. I almost joined them today but wasn't feeling totally confident in it yet. It is always good to go with your gut instinct.

Re: Dave & Jan Severn – A Success Story

davidwood — Wed, 17 Feb 2010 23:41:27 -0000

Hey buddy... I appreciate getting the word out - but it is common courtesy to put a link back to the blog you lifted content off. You don't got to - but it's a good internet respect (I always do it)

Have a great evening my friend,
David Wood

Re: Some Hard Questions About The Numis Network

williamffay — Sun, 14 Feb 2010 23:22:43 -0000

very astute critique, Dennis. Thanks for having the courage to write it. =Bill Fay=

Re: Darren Hardy – Keynote Address – Jim Rohn Tribute Event

Greg De Tisi — Sat, 13 Feb 2010 16:54:12 -0000

I am deeply saddened by the loss of this great man. I felt i knew him because he spoke as though it was you he was addressing personally. I have learned so much from this man and my best wishes go to his family and friends.

God Bless You Jim