5Linx Business Review – Another MLM Or Serious Opportunity?

MLM or network marketing is a business structure designed to create marketing and sales force by compensating promoters of company products not only for sales they personally generate, but also for the sales of other promoters they introduce to the company, creating a downline of distributors and a hierarchy of multiple levels of compensation.

There are a lot of criticisms regarding this type of model as this closely reflects pyramiding which is illegal in most states. This is also the reason why a lot of potential customer are turned off by the fact that they can earn and put up their own business by investing a little amount in companies like 5Linx.

5Linx is a Telecommunications Company that provides services in the United States as well as 20 other countries worldwide. The company has been providing cell phone, VoIP, broadband internet and satellite TV services. 5linx distributes its products through a number of independent marketing representatives. This type of distribution allowed the company to grow beyond what traditional distribution model can provide. The 5Linx direct sales model creates a lot of opportunities for people to invest in their own business, and experience the benefits of entrepreneurship with minimal investment. Think Avon but with hi tech gadgetry!

The downside of this type of model is that there are people who are hesitant in investing money as they are not guaranteed if the business can actually create an income nor can they break even. But with excellent hi end products and excellent customer service to back it up, there is little to be afraid of in getting into this business.

5Linx offers state of the art technology and has partnered with several well known service providers such as Direct TV and Dish Network. This makes the company’s products indispensable as there’s constant improvement in telecommunication and wireless internet technology and there’s always a guarantee that there is a demand for products developed using new technology.

But even with all of these advantages, you need to remember that there is a lot of competition. To emerge on top and earn maximum benefits and compensation, you need to use varying marketing techniques and use whatever resource you have to ensure that you will have a strong foundation with this business. You may want to use social networking sites to promote your business and this would require less effort to do business and is a good way to retain customers as well.

5Linx can be a profitable venture. If you have extra money to invest on a business, you can definitely try it out. But you need to remember that it’s not only you are trying to get n top of this business. And if you want to get the maximum benefits, you will need to know the right marketing techniques to overcome your competition. Using traditional and modern way of introducing your product is necessary to make sure that you get the most out of your investment, or even more.

Leadership Team Development Business Review – Are They Legit?

There is a lot of buzz on the internet about whether or not the Leadership Team Development (LTD) business is a scam. In order to figure this out, let’s first gain some insight into what exactly LTD is.

LTD was originally known as Winters Marketing, named after its founder, Larry Winters. Larry is an Independent Business Owner (IBO) in the Amway Global opportunity, who was originally part of the Britt World Wide (BWW) team. Sponsored by Crown Paul Miller, Larry has achieved great success within Amway, having reached the level of Double Diamond in August 2007. Larry and his top leaders formed LTD as a way to provide training and support for the IBO’s on their teams. Amway offers training specific to particular products within the Amway business line for IBOs, but organizations like LTD provide more in depth knowledge, motivational messages and training.

LTD is made up of the 12 diamond businesses that are actually a part of Larry’s Amway business team, as well as 11 additional Diamond businesses that are Amway affiliated, but not part of Larry’s Amway business. PDP’s are not mandatory, and a business team is not required to affiliate their business with any PDP, including that of their upline.

The LTD team provides training to IBO’s in these organizations through several means: books, CD’s, DVD’s, weekly and quarterly training seminars, and special events. In particular, the LTD team puts focus on teaching the Quality Invite (QI) marketing system for building their business, which is used to interview potential prospects, as well as promote attendance at their weekly education seminars throughout the country.

The answer to the question “Is the LTD business a scam” is a resounding no. The LTD business team provides an educational backbone that has resulted in proven success for LTD/Amway Global businesses. They offer training materials and events at a reasonable price, and the information provided typically is of good quality.

Where LTD has a deficiency is in the adoption and teaching of marketing strategies other than the QI to its affiliated members. Members are discouraged from learning techniques and strategies for building a successful network marketing business other than those being taught by their upline. At this time, they have deployed a web presence, but their efforts to drive traffic to their sites through online marketing strategies has been limited.

Typically, an LTD upline teaches their downline to build a list of names of everyone they know, through some type of memory jogger, the names and numbers in their cell phone, their friends on Facebook, etc… This list is where their initial QI prospects come from. Once they have gone through this list, the IBO is then encouraged to talk with everyone they meet as a potential QI candidate-the barista at Starbuck’s, the mailman, the janitor at work, anyone who gets within three feet of the business owner. All 23 of the LTD Diamonds have achieved that level using this technique. However, this is an approach that the larger portion of the population will struggle to execute, due primarily to differing personality types.

The Pros and Cons – Small Business Review of 5Linx

Why Read This 5Linx Review?

I don’t work for this company, nor am I a distributor. I’m an Internet entrepreneur and a business expert from the school of hard knocks as well as a traditional MBA. I have over 2 decades entrepreneurial experience in various businesses, primarily start-ups and am writing this so you can make your own decision about 5Linx as a business opportunity.

5Linx provides technology through a traditional Network Marketing business model. I see a huge opportunity for distributors in this company and will tell you exactly why at the end of this review.

Time and money is required for any new business. A lot of each. Network Marketing is different in that the costs to begin are typically less than other options. Never the less, you’ll need a mindset for success and the ability to really focus and get things done on your own.

The company offers an excellent plan for compensation and has a good, solid management team. I believe there are opportunities here to make a decent income if you understand how to market this company utilizing new technologies and marketing systems.

Read below for specific details.

Explanation of the Review

Reputation

I really found no complaints about this company. I did find a handful of ex distributors that had switched to another company but all were professionally handled.

Looking online at the FTC (Federal Trade Commission) site revealed no outstanding complaints, either. The Better Business Bureau (BBB) in Rochester, NY, showed dozens of complaints, all resolved. No government action or ad infringements currently existed against the company.

Years In Business

According to the BBB, the company has been in business since January, 2001. A safer bet is a company that has been around for several years since most companies will fail within the first 12 months.

5Linx Review: Management

This company has an impressive management team with expertise in the appropriate areas of technology as well as network marketing. Personally, I prefer a management team founded in sales. Companies lacking sales aren’t in business for long. This business meets the sales criteria.

Craig Jerabeck, CEO and President has been with the company since 2001. Mr. Jerabeck has a vast background in cellular retail sales and management prior to his entrepreneurial experience.

Jeb Tyler, Executive Vice President – Marketing, holds a degree in Business Administration focused on Marketing but the corporate website says very little about his experience elsewhere. Mr. Jerabeck’s experience probably compliments Jeb’s.

Jason Guck is the Executive Vice President of Sales and has many years experience directly associated to Network Marketing which is a good tie in for the corporate team considering their business model. Mr. Guck has had considerable success building sales organizations prior to his experience here.

5Linx Review: Financial Stability

At the time of this writing, the company is privately held and listed on INC 500 as one of the fastest growing companies in the country. Not a bad sign. The company has experienced over 800% growth in the past 3 years.

5Linx Review: Products

Distributors are able to sell a wide variety of cellular, Internet, and long distance phone services. Most people would be familiar with their high quality VoIP services. I have no reason to believe their products are anything extraordinary or inferior.

5Linx Review: Competition

A highly competitive retail market would make it difficult to convince people familiar with large well-known brand names to switch. Fortunately, if these products are marketed properly there COD be a steady stream of residual income opportunity here. These are services everyone needs.

5Linx Review: Compensation Plan

Traditional Network Marketing model is the selling method. Money is earned based upon business opportunity sign-ups and a residual is also paid monthly each time a customer pays their service charges. Additional income can be made through the profit sharing plan.

The top producing distributors also earn a BMW monthly lease payment, vacation time and other bonuses, a lot like corporate executives. A bonus of a Bentley lease plus other profit sharing income awaits the Top Producers.

It’s only $99 to get started with higher positioning up to $499.

5Linx Review: Leadership

The only downside to this company, that I see, is the top producers are old school marketers: utilizing the 3-foot rule, and the friends and family list of warm contacts all pointed towards hotel or home meetings. Quite the opposite of the new-school, high tech products.

Remember, you need a lot of people looking at your opportunity daily, in order to reach the goal of one new sign-up per day. Always look at the top producers in any direct marketing organization. Interview them and sit in on one of their trainings. How do they market and train their team? Look for a “blueprint”, or a “system” that will get you started step-by-step.

See Training below.

5Linx Review: Training

Marketing assistance is provided through materials, conference calls, group trainings and local and national events. I see this with a lot of MLM companies. This old fashioned way of marketing is the number one reason people fail: people are trained to exhaust their family, friends and anyone within 3 feet of them. Strange way to market considering the market they are targeting.

Marketing online can generate up to 200 leads, every single day. That works out to hundreds of People looking at your business each day. Finding and talking to that many people daily would be difficult and that’s the value of leveraging the Internet. People will actually flock to YOU.

Massive Income Awaits 5Linx Distributors

Distribute Your Products Online. Let’s face it – where do people shop for technology? ONLINE. Using Attraction Marketing and the Web, this is an awesome business. The whole reason I wrote this article and posted to my Website is to reach out to distributors of this company who understand the value of selling their products online.

No more:

  • Home and hotel meetings
  • Approaching strangers
  • Burning out your friends and family

Instead, powerful online sales funnels:

  • Automatically informs prospects who have requested information
  • They purchase from you online – – while you’re sleeping.