Understanding The Reasoning Behind A Silver And Gold Network Marketing Business
Over the last century, the US dollar has lost over 95% of its purchasing power. I mention the US dollar, because, at the time of this writing, it is the world reserve currency.
When you look around, what do you see? I see:
- People losing their jobs
- Foreclosures forcing people out of their homes
- Businesses closing
- People going bankrupt
- Countries and States spending more than they can pay back
- Stock markets crashing, losing people a lot of hard-earned cash.
Gold and silver act as an insurance against inflation and the effects of economic crises. The majority of global economies use debt-based currencies, so a true hedge against inflation becomes necessary. This is because, all debt-based currencies lose their value with each year.
People all over the world don’t trust fiat (paper) currencies right now. They are also looking to break free from debt, earn income and build wealth.
Coincidentally, there is also an increase in the number of people looking for home business opportunities. This has been necessitated by downsizing, companies not hiring, rising costs of living due to inflation, rising healthcare, volatile stock markets, etc.
A silver and gold Multilevel Marketing business generally offers a savings-based model, as compared to other Multilevel Marketing companies, which have a consumption-based business model.
If you didn’t know it, savvy investors buy real, tangible assets, and I don’t know of any savvy investor who could ever have too much of silver and gold.
The Ideal Gold And Silver Network Marketing Company For You
If you do your research, you’ll find that there are many different silver and gold MLM companies out there. Some examples include:
- KB
- Numis Network
- Younique Wealth Systems
- Silver Snowball
- Preservation Of Wealth(POW)
- Xag
- International Silver Network (ISN)
These silver and gold MLM businesses will undoubtedly have different products, systems, leaders and pay plans.
Why Are YOU Getting Involved With A Silver And Gold Multilevel Marketing Business Opportunity
Are you looking to buy your silver and gold at a low price, with the hope of selling it much higher? Perhaps your interest is numismatic coins and you’re looking for a opportunity that’s centred on numismatics? Or maybe you are interested in long-term wealth protection, with a focus on silver and gold?
Ultimately, bullion Multi Level Marketing companies are not all equal.
Factors To Think About When Deciding On A Silver And Gold Home Business Opportunity
When deciding on a silver and gold home based business opportunity, there are certain factors you should look at beforehand. I will touch on these factors below, to help you get a deeper understanding of the different types of bullion Multi Level Marketing opportunities out there.
#1 – What Products Does The Multi Level Marketing Company Market?
You would be inclined to say that a gold and silver MLM Company markets and distributes gold and silver. Besides the bullion products, are there any other products that the MLM company offers its customers and representatives?
If you’re looking to buy low and hope the price goes up, so you can sell high, then ownership of the products may not be a concern for you. If, you’re focussed on long-term wealth creation and preservation, then the issue of ownership is something you may want to consider seriously.
Some silver and gold MLM businesses are selling government-issued coins. What this means is that, the government that issues the coins owns the coin, and you, as the Multilevel Marketing rep, are the legal bearer; you do not own these coins in any way (irrespective of what you say or think). If you believe you own the coins, try melting one of these coins in front of a government official.
The Multi Level Marketing Company’s products should also be the company’s primary source of income. If this is not the case, then this should be a warning flag to you.
Compare prices with other MLM as well as non-MLM silver and gold dealers and distributors. Is there potential for profit on the products? This backs up the comp plan.
Depending on the bullion Network Marketing Business you are looking at, you will find that the products could be numismatics, silver and gold collectibles (non-numismatics), and ordinary gold and silver products.
When you know and understand the differences between these different types of products, you gain understanding into exactly what you are getting into.
By understanding the gold and silver products you are advertising, you also get to understand the basis of the value of the products; this knowledge will be essential when you are selling the products. Bullion value is based mostly on:
- Precious metal content
- How rare the products are (this applies to collectible and numismatic coins)
- What condition are the products in (again, this applies to numismatics)
- How much do collectors want these coins (this applies to numismatics)
Are you interested in the coin grade, or the bullion content (melt value), and what will your customers be interested in? The wider variety of product quantities being sold, the better off you are.
If there was no opportunity to make money, would you still be interested in the products? Maybe this is one of the most important questions for you to ask yourself as well.
#2 – The Network Marketing Company's Leadership Is Important
The success or failure of any company is tied to its leadership.
Through the leadership, you will be able to determine the company’s supply and distribution channels, which will be pivotal to providing product during times of peak demand for example.
Good company leadership means you are assured that the business will have good ratings with a third party Network Marketing industry observer, e.g., The BBB, The Direct Selling Association, etc.
#3 - Do You Understand The Compensation Plan Of The MLM Business
You need to understand how you get paid, and how soon you become cash flow positive. If Silver And Gold home business entrepreneurs can’t get into profit quickly, they will move on.
#4 - Will You Get High-Quality Training With Your Gold And Silver MLM Business
It’s ok to receive silver and gold, and the platform to market them, but you need knowledge and wisdom. You need to determine what training you will receive:
- Pertaining to the products themselves
- Pertaining to sponsoring and recruiting MLM Distributors into the opportunity and promoting the products.
Make sure other people are finding success with this training, and it’s something you can learn and apply quickly.
#5 - What Are The Costs Associated With Starting And Running Your Silver And Gold Home Business Opportunity
What you want to try to avoid is a gold and silver Multi Level Marketing business opportunity that makes money out of you and delivers less in silver and gold and value. The company’s primary income shouldn’t be from business owners joining the business, but rather from actual product sales.
#6 – A Solid Marketing Plan And Business-Building Tools Will Get You Going
Of great significance is the Silver And Gold Multilevel Marketing Organization’s marketing plan and the resources you receive to help you in promoting your business. These should be simple to understand, yet effective. This is a business of leverage, so your tools should be used accordingly.
You also need to be confident that you have a wider variety of options when it comes to selling your product.
Whatever
silver Multilevel Marketing business opportunity you decide to participate in, your skill at branding yourself and marketing will help you stand out from the other MLM distributors. Michael Makahamadze shows bullion MLM business representatives how to implement
Home Business lead generation and attraction marketing tactics in building their home businesses.
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