Joining A Gold And Silver MLM Business Opportunity | What To Look Out For!

by Michael on Thursday, March 3, 2011

gold and silver mlm business opportunity

If you’re reading this, then chances are that you’re contemplating joining a gold and silver MLM business opportunity.

The thought of starting a home business, and having an auto-ship of gold and silver bullion would definitely appeal to a lot of people; after all, gold and silver lie at the core of all true wealth. But are all gold and silver MLM business opportunities equal? What should you look out for when deciding on a gold and silver Network Marketing business opportunity to join?

Why A Gold And Silver MLM Business Opportunity Makes Sense

Owning gold and silver is important to your financial future. 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. Inflation is definitely REAL!

When you look around, what do you see? I see:

  1. Job losses
  2. Real Estate Foreclosures
  3. Businesses going down
  4. People going bankrupt
  5. States and Countries on the verge of bankruptcy
  6. People losing a lot of money on the world stock markets and through their pension schemes.

Gold and silver act as an insurance against inflation and the effects of economic crises. Gold and silver have been used as money for thousands of years. Currencies have come and gone, but gold and silver have always been constant. Most (if not all) global economies are based on debt, 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. With savings and pensions losing value, a lot of people are not prepared for retirement. At the same time, many people are looking for time and financial freedom.

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.

Network Marketing helps people earn money though their own efforts, as well as the efforts of others. You also potentially can earn residual income through business ownership, and you get to make money by helping others.

A gold and silver MLM business opportunity offers real, tangible assets, unlike most other MLM companies which have juices, pills, household products, and other products you have to consume on a monthly basis. It also generally offers a savings-based model, as compared to other Network Marketing companies, which have a consumption-based business model.

If you didn’t know it, smart people buy real, tangible assets, and I don’t know of any smart person who could ever have too much of gold and silver.

Gold and Silver MLM Companies – So Much Variety

If you do your research, you’ll find that there are many different gold and silver MLM companies out there. Some examples include:

  1. KB Gold
  2. Numis Network
  3. Younique Wealth Systems
  4. Silver Snowball
  5. Preservation Of Wealth
  6. Xag Network
  7. International Silver Network

All these gold and silver MLM companies will undoubtedly have different products, systems, leaders and compensation plans.

Why Are YOU Getting Involved With A Gold And Silver MLM Business Opportunity

Are you looking to buy your gold and silver at a low price, with the hope of selling it much higher? Perhaps you’re interested in numismatic coins and you’re looking for a business opportunity that’s centred on numismatic coins? Or maybe you are interested in long-term wealth preservation, with a focus on gold and silver?

The reason you want to be involved with a gold and silver MLM business opportunity will help you narrow your focus on the particular bullion company you should be dealing with. Ultimately, gold and silver MLM companies are not all equal.

Factors To Consider When Deciding On A Silver And Gold Network Marketing Business Opportunity

When deciding on a gold and silver MLM 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 gold and silver MLM opportunities out there.

#1 – What Products Does The MLM Company Market?

You would be inclined to say that a gold and silver MLM Company markets and distributes gold and silver. However, a deeper scrutiny of the products will help you in determining the company you would want to associate with, and your reasons for associating with that company.

Besides the gold and silver products, are there any other products that the company offers its customers and distributors?

The main concern, when it comes to products, should be about ownership. If you’re looking to buy low and hope the price goes up, so you can sell high, then perhaps this may not be a concern for you. If, however, you’re focussed on long-term wealth creation and preservation, then the issue of ownership is something you may want to consider seriously.

Many gold and silver MLM companies are marketing government-issued coins. What this means is that, the issuing government is the owner of the coin, and you, as the customer/MLM distributor, are the legal bearer; you do not own these coins in any way (no matter what you say or think). If you think you are the owner, try melting one of these coins in front of a government official.

The MLM 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 gold and silver dealers and distributors. Is there potential for a mark-up on the products? This justifies the pay plan.

Depending on the gold and silver MLM Company you are looking at, you will find that the products could be graded coins (numismatics), gold and silver collectibles (non-numismatics), and ordinary gold and silver bullion products.

When you know and understand the differences between these types of products, you gain understanding into exactly what you are getting into. Though gold and silver are not considered to be investments, MLM distributors in some of these companies, are marketing the products as investments, where that is not the case.

Different gold and silver products will appeal to different MLM distributors and different markets, so do your due diligence and understand the products you will potentially be marketing. By understanding the bullion products you are marketing, you also get to understand the basis of the value of the products; this knowledge will be essential when you are marketing the products. Gold and silver value is based mostly on:

  1. Precious metal content
  2. Rarity (this applies to collectible and numismatic coins)
  3. Condition (again, this applies to numismatic coins)
  4. Collector demand (this applies to numismatic coins)

Are you interested in the coin grade, or the bullion content (melt value), and what will your customers be interested in?

The products and their quantities should also be liquid, i.e., easily tradable for currency. The wider variety of product quantities being sold, the better off you are.

Would you purchase these products if there was no income opportunity attached to them? Perhaps this is one of the most important questions for you to ask yourself as well.

#2 – Why You Should Also Consider The Management And Leadership Of Your Chosen Silver And Gold Home Business Opportunity

The success or failure of any company is tied to its leadership.

What experience do they possess in their field, and what MLM background do they have? 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.

Through good leadership, you can be sure that the company will be affiliated to (and have good ratings with) a third party industry observer, for example, The Better Business Bureau (BBB), The Direct Selling Association (DSA), etc.

#3 – Look At The MLM Compensation Plan

Your success and that of your team, hinges on a powerful and achievable compensation plan. You need to understand how you get paid, and how soon you become cash flow positive.

The key to building a solid gold and silver MLM business is high retention, and you can only achieve this with a pay plan that encourages high retention. If gold and silver MLM home business owners can’t get into profit quickly, they will move on.

#4 – What Training And Education Will You Receive As A Gold And Silver Network Marketing Business Owner

It’s ok to receive gold and silver, and the platform to market them, but you need knowledge and wisdom. You need to determine what training you will receive:

  • About the products themselves
  • About sponsoring and recruiting MLM Distributors into the business and marketing the products.

Make sure others are finding success with this training, and it’s something you can resonate with.

#5 – What Are The Costs Associated With Starting And Running Your Gold And Silver MLM Home Business Opportunity

Are the start-up costs prohibitive for other reps to join, and what do those costs entitle you to receive. What you should try to avoid is a gold and silver MLM business opportunity that makes money out of you and delivers less in product and value. The company’s primary income shouldn’t be from distributors joining the company, but rather from actual product sales.

#6 – A Solid Marketing Plan And Business-Building Tools Will Get You Started The Right Way

Of great significance is the Gold And Silver MLM Company’s marketing plan and the tools and resources you receive to help you in marketing your business. These should be simple to understand, yet effective.

The key to success with any Network Marketing business opportunity is to follow the marketing plan and system, and it must be simplistic, yet powerful. This is a business of leverage, so your tools and resources should be utilized accordingly.

Finally, it’s also imperative that you consider the MLM Company’s buy-back policy. Worst-case scenario, do they give you a strong buy-back guarantee, and is the price competitive? You need to be confident that you have a wider variety of options when it comes to selling your product.

Whatever gold and silver MLM business opportunity you decide to be a part of, your skill at branding yourself and marketing will help you stand out from the other distributors. Learn how to build your gold and silver MLM business the right way, and you will prosper.

To Your Success,

Michael T. Makahamadze
P.S. Found this post useful in any way? If so, please share it with your friends on Twitter or Facebook using one of the buttons to the left. Alternatively, use one of the many buttons to the left of this post, to share it with your friends on the various social networks.
P.P.S. I would love to hear your thoughts (in the comments section) on a gold and silver MLM business opportunity, especially given the current state of the global economy.

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