Could 5LINX be the ‘perfect business’ or a ‘buyer beware adventure’ into network marketing? With all the posts and stories about scams in the MLM and Network Marketing Industry, this unbiased and detailed review focuses on the ‘premier business opportunity’ in direct sales that is poised to grow into a multi-billion dollar business.
5LINX claims to be a premier direct sales company providing an opportunity for its representatives to earn residual income on essential products and services that people use everyday.
The BIG question is, do YOU have influence and leverage to get people to BUY from YOU? People typically rather shop online or walk into a trusted establishment themselves for essential services. Have your price points and reasons on hand about why your offer is better.
5LINX Founders and Markets
With over 60 years of combined experience in the telecommunications and direct sales industries, in December 2000, Craig Jerabeck (President & CEO), Jeb Tyler (Executive VP of Marketing) and Jason Guck (Executive VP of Sales) started 5LINX – Headquartered in Rochester NY, based on the five principles of Vision, Integrity, Opportunity, Freedom and Success. The VP of North American Sales is William Faucette Jr.
With an 800% growth in the last four years and its impressive offices in New York, Canada, its launch into the Hispanic market in 2009 and most recent investment into a Santa Barbara – California office, chances are that someone you know has invited you to sign up for your own home business as an independent representative or has asked you to sign up as a customer for 5LINX products or services. If you are reading this post, you are doing your due diligence and you should as a standard investment or business protocol.
5LINX Third Party Reviews.
There are a lot of 5LINX reviews or even scam posts out there. The negative reviews come mostly from unsuccessful representatives or unhappy customers.
5LINX has positive and third-party credibility reports in magazines like : Your Business at Home, Success at Home and DSN. It is also ranked on the DSN Global 100 in the world by Direct Selling News (WSJ), the Inc 500 and Inc 5000 lists, Rochester’s Top 100 and its A+ rating with the Better Business Bureau.The company is definitely not a scam.
What are the 5LINX Products and Services?
Their premier product is the Globalinx VoIP digital phone service. Their other services include Energy, Solar Energy and Gas, TeleHealth Care, Home and Office Security, Cellphone, Cable and Internet from National carriers, Text Marketing and Credit Card Processing, Business Services etc. It is interesting that you can get a commission check from paying your regular bills and getting customers who will pay theirs.
Compare the prices of 5LINX Products to see if they are truly competitive.
The Hard-Sell Nature of MLM Products and Services.
Representatives are usually required to buy a minimum quantity every single month, called ‘production’. These reps now have to go out there and convince customers to buy products like a new coffee, moisturizer or nutritional supplements. With 5LINX the difference is that, you are NOT changing people’s buying habits or required to hold stock.
Participation or Sign-up Costs.
Prospects can join as Customer Representatives (CR) with an initial sign up fee of $99 or join as an Independent Marketing Representative (IMR) for $249. Only IMRs can earn residual income and move up earned positions and the compensation plan by acquiring more customers and building a team. Also each representative becomes their own first customers, building a stable customer base for the company.
At the IMR level, in addition to the initial sign-up fees, other costs are the for a personalized website and services. Your level of participation is a personal determination. An average investment of about $499 for a quasi-franchise arrangement gets a representative qualified to earn commissions and bonuses.
But Really…How Do You Make Money with 5LINX ?
Representatives get paid commission and bonuses by building TEAMS and signing up CUSTOMERS.
This is no easy, get rich quick deal, regardless of whatever sales pitch you hear, there is ‘work’ in network marketing. To build a six-figure income you need to build a team of at least 1000-2000 active distributors with a growing customer base over time. To just make a reasonable income, then you need at least 100 active team members & over 100 Customers points.
Reps are usually trained to start with the LIST – their warm market of family, friends, colleagues and host business meetings or receptions in their homes or invite them to weekly presentations to acquire partners to work with and gain customers from their immediate circle.
But there is a problem with that – These are people with absolutely No interest in network marketing and eventually you’ll exhaust the warm market!
What do you do when your family and friends refuse to join? Where do you get new customers and sign-ups? Who wants to harass strangers in the mall? This frustration and lack of leads is the main reason, representatives give up, quit. and call it a scam because they made no money or were not properly trained.They need to market to people who are actually LOOKING for a business opportunity.
Using Technology to Promote 5LINX
Your sponsor may not warn you that MLM involves marketing and advertising, which costs time and money. The old school methods in MLM of prospecting and harassing uninterested people will produce marginal results but it will also wear you OUT. In 5LINX or any MLM, you need to be actively engaged in internet marketing as well.But can your sponsor guide you? You will need like-minded internet marketers to mentor you.
So is 5LINX the perfect business or the premier business opportunity? That depends on YOU. This industry does not discriminate or need a perfect credit score or background check. Determination, a winners’ mind-set, pure grit and faith will get you over the different cycles as you build a successful business and this applies to every venture, not just network marketing.
Here is Your Call to Action:
Based on my resolution to NOT promote any Attraction Marketing System, please do your research as there are so many internet marketing programs on the internet to teach you to generate leads, internet marketing strategies and maybe, generate cash flow by promoting their system.
Magnetic Sponsoring, My Lead System Pro (MLSP), Elite Marketing Pro, Power Lead System, Empower Network (EN) and the many affiliated platforms based on EN like Pure Leverage, The Big Idea, etc are good starting points.
Be cautious – Many of them push hard up-sells and my advice would be to FIRST get the education you need, at the least cost to your business.
Marketers have the same problem – LEADS. People to sign-up or talk to. Learn Internet and Online Marketing and with that skill, you’ll NEVER run out of people to sponsor and recruit. That’s how to build a successful 5LINX business.
* Please always check the company’s website for any updates on requirements and compensation plans.
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Author: A Danesi
A. Danesi is a writer, a business and marketing consultant with an MBA in Financial Management. “I love people, writing & crunching numbers…in that order – Please Like, Connect, Comment and Share. Thanks for hanging out!”