OVERVIEW OF THE 5LINX BUSINESS OPPORTUNITY
Exactly what is 5Linx all about? An MLM business that started back in 2001, and was considered a gamechanger in the market at the time. The company’s product range covers categories such as wellness, telecommunications, and security systems.
Is 5Linx legit or are you going to waste your precious time and money here? I will reveal some startling news that caused the company to be ‘under fire’ recently.
Then again, every company will have their up’s and downs, am I right? Are these developments subtle enough for you to turn a blind eye and go full steam with signing up?
Let me help make the decision easier for you today.
THE 5LINX PRODUCTS- ARE THEY REALLY THAT DIFFERENT
5 LINX boasts an extensive product portfolio. This is their 3 major product categories.
- Home products (such as telecommunications)
- Wellness products
- Business products
What are the benefits of purchasing products from 5Linx?
The main reason is to ‘save’ on products and services that customers use every day.
The big question here is, is there really a saving at the end of the day?
For the end user to be able to afford a product or service at a lower price, the company would have to have some exclusivity from the respective merchant.
In this case, however, certain products can be sourced directly from the merchant without the need to go through 5LINX.
Here is what one member had to say.This is with regards to a business product and has to do with home security systems.
It’s called Protect America.
It can pose a challenge to earn commissions if the product or service is readily available elsewhere or is directly available from the provider. Just some food for thought, if you are considering joining 5LINX.
Speaking of earning commissions, exactly how do you earn money with 5LINX? Coming up next.
THE 5LINX COMPENSATION PLAN
It’s not exactly cheap to get a 5LINX Business started. There are two membership options.
1, 5LINX IMR $249
2. 5LINX IMR $249 + $49.95 Platinum Discount Network(PDN)
What is the 5LINX Platinum Discount Network all about?
It’s a feature that gives one access to merchants who offer savings on:
- Auto repairs
- Home improvements, and even
Business tools like the personal website and representative back office are included in the PDN membership.
Here is a summary of the 5LINX COMPENSATION PLAN
QUICK START BONUS
Recruit as many people as you can within your first 30 days and you earn a once-off bonus.e.g if you get 5 qualified IMR with 25 PERSONAL CUSTOMER POINTS, you get paid $1,000.
EARNED POSITION BONUS
Achieve a specific rank status within a certain time frame and you earn this bonus.
EXECUTIVE DIRECTOR(60 DAYS) – $750
NATIONAL DIRECTOR(90 DAYS) – $1,500
SENIOR VICE PRESIDENT(180 DAYS) – $5,000
Each of these levels requires you to have a certain amount of qualified IMR’s and customer points.
CUSTOMER ACQUISITION BONUS(CAB)
Help the IMR’s in your downline to achieve a higher rank and you, in turn, would earn a once-off CAB.
OPEN LINE BONUSES
Another bonus that is given to you, dependent on your efforts to help your downline grow their own downline. In other words, bring more recruits into the business WITHIN the first 30-days.
CUSTOMER MILESTONE BONUS
Get a certain amount of customer orders within a 30-day period and you can earn this bonus.
25 ORDERS– $100
50 ORDERS- $250
COMMISSIONS ON RETAIL SALES
Sell 5LINX products to customers and you can earn commissions on the retail price.
Commissions are based on the number of personal customer points that are generated from the total sales.
Though it states, that there is a 25% commission, it’s not ALL yours. It’s shared with your upline. Bummer!
This is a percentage of the commission value of products and sales within your team.
That concludes my summary. The actual compensation plan is much more complicated than this. Should you want to know more, then you can check the video out below.
Bottom Line: Apart from the last three ways as mentioned above, the plan is focused heavily on recruiting, The more you recruit, the more you earn.
Think that you have what it takes?
When it comes to using some of these products, not many folks were happy with the services rendered.
The Globallinx is the 5linx package for your everyday telecommunications.
Complaints that have surfaced covered issues such as,
- High taxes,
- Calls breaking up,
- Change of existing phones numbers(whereas there should be no change in the first place)
It has been reported that the Federal Trade Commission received numerous complaints about the products and representatives who were ‘unresponsive to refunds.‘
In all fairness, the two incidents I highlighted above were resolved by 5LInx.
WHY LEAVE 5LINX IF YOU ARE MAKING MONEY?
If you were part of a company for 9 whole years and are making a good passive income from it, would you leave it?
That is what Steve and Pasha Carter did. They left the business. Here is a video that bears testimony to it. They do not go into the specifics though.
5LINX MAKES HEADLINES!
A while back, there was a story of a 5Linx worker laying a charge against a director of the company, claiming that she was sexually harassed.
Last year, news surfaced that 3 of the original co-founders of 5Linx were charged for accounts of fraud. Apparently, they were pocketing millions from investors to fund fake shell companies.
It was reported that the amount of stolen money could be in the region of $11 million.
So, what does this mean for the company?
Well, at the moment they have an A+ rating with the Better Business Bureau. Apparently, it’s on hold, until further notice.
IS 5LINX LEGIT?-MY FINAL OPINION
Personally, I would seriously consider some of the red flags before signing up to 5Linx.
The registration fee is expensive. Furthermore, one of the tools that they give you is a generic marketing website.
If all the IMR’S are going to post their website links on social media to get business, then it can get pretty challenging for you to stand out. How do you market yourself differently? Do 5LINX teach you this?
Then, with the controversies and complaints, and hearing stories of successful IMR’s leaving, this can put a damper on things.
Finally, the ultimate success formula in the 5linx business is the recruiting aspect. Get folks to join your downline. Teach them to duplicate what you are doing. Sounds simple.
Only thing is, not everyone is good at recruiting. It does not mean that you don’t want to be a success. Of course, you do! But for some people, recruiting is not for them,
Like me, I suck at recruiting. I have tried it out more than once and failed miserably.
Ready to take the 5LINX challenge or will you hold it off for a while?
Do not be discouraged, if you are one that does not like to recruit and would find it hard to build this type of business.
I can show you one business platform that teaches you to build an online business:
- Without the need to recruit
- Without having to leave your armchair
- That can be built on your hobby or passion
The best part, unlike 5Linx, is that you can test it out for free. And it’s got a 13 year proven track record (No sexual harassment issues)
⇒READ MY REVIEW OF THIS AWESOME COMPANY HERE⇐
⇒CLICK THIS LINK TO WATCH MY VIDEO REVIEW⇐
I hope that this 5LINX REVIEW has helped you out.
Are you a fan of the MLM business? Have you tried it before? If so, how did it work out?
Looking forward to hearing from you
Kind Regards and Take Care