ScamTelegraph revisits ISN Coins' compensation plan and product line in 2014, following a request from founder Matt Barkes who cited significant company changes since its initial 2012 review, including the hiring of MLM attorney Kevin Thompson. This update aims to reflect the company's current operational structure and offerings.
The company's founder, Matt Barkes, contacted ScamTelegraph asserting that previous evaluations were outdated. Barkes indicated that ISN Coins had undergone substantial modifications to benefit its members, implemented after engaging MLM attorney Kevin Thompson. These changes prompted the need for a current assessment of the business model.
ISN Coins markets numismatic coins and bullion bars through an online store that has seen considerable upgrades since 2012. Previously, the store featured limited offerings such as MS69 Silver Eagle coins priced at $59. The current webstore displays a broader selection of numismatic coins from various regions, with a "Random Date 1/10 oz Gold Eagles NGC/PCGS MS70" listed as a top seller for $254.
The ISN Coins compensation plan, detailed across thirty-three pages, structures core commissions through a unilevel system. While the explanation within the company's documentation can be complex, the plan broadly includes upfront commissions for retail and autoship sales, alongside two bonus pools accessible to higher-ranked affiliates.
Retail commissions apply to all coin purchases made through ISN Coins' replicated storefronts, including discounted preferred customer orders. Single product orders under $999 earn a 4% retail commission, while those exceeding $999 receive 2%. Bullion sales through these storefronts attract direct retail commissions, specifically $1 per ounce of silver bullion and $1 per gram of gold bullion purchased.
An Opening Order Bonus is paid on coin orders placed by ISN affiliates within their initial 30 days of membership. This bonus is distributed up to four levels of recruitment: the recruiting affiliate (level 1) receives 6%, the affiliate who recruited them (level 2) receives 2%, the affiliate who recruited the level 2 affiliate (level 3) receives 2%, and the affiliate who recruited the level 3 affiliate (level 4) receives 1%.
The ISN Coins compensation plan outlines fourteen affiliate membership ranks. The initial rank, Manager, requires an affiliate to be commissions-qualified and maintain 100 PV (Personal Volume) per month. Further qualification criteria for subsequent ranks were not fully detailed in the provided information.
Why was the ISN Coins review updated?
Matt Barkes, founder of ISN Coins, requested an update in 2014, stating that the previous 2012 review was outdated. The company had undergone significant changes, including the engagement of MLM attorney Kevin Thompson, to improve its structure for members.
What products does ISN Coins offer?
ISN Coins markets numismatic coins from various regions and bullion bars. Its online store features items like a "Random Date 1/10 oz Gold Eagles NGC/PCGS MS70" listed at $254.
How are retail commissions structured at ISN Coins?
Retail commissions are paid on coin purchases through replicated storefronts. Orders under $999 yield a 4% commission, while orders over $999 receive 2%. Bullion sales have specific rates of $1 per ounce of silver and $1 per gram of gold.
What is the Opening Order Bonus at ISN Coins?
The Opening Order Bonus is a commission paid on coin orders made by new ISN affiliates within their first 30 days of membership. It is distributed across four recruitment levels, with percentages ranging from 1% to 6%.