5Linx is a telecommunications business that offers VoIP, wireless phones and services, accessories, satellite television and broadband internet. 5Linx has been featured in Inc. magazine as one of the fastest rising companies 4 years in a row.
This is a huge accomplishment for most companies, especially for a MLM company. But will this growth be sustained in the future? As you can tell, 5Linx is in the momentum phase of growth.
If you're fresh to the MLM industry, this means that the growth of the company is exponential and many people are seeing massive results.
Craig Jerabeck is the founder and owner of 5Linx, his leadership team and himself do not depict themselves well on the corporate website. Other than a few quick facts, there is nothing really attracting me to them.
This is an important theory in the MLM industry and if the leaders cannot achieve this basic principle with themselves, the reps are going to have to learn how to do it themselve.
5Linx Compensation Plan
What I admired the most about 5Linx is that they're very truthful about how much money you're going to make in the industry. The truth is that many people struggle to make it. They might sponsor 1 person their whole career. The average payout for a network marketer is less than $50/month.
When you're pitched the 5Linx opportunity, you'll see them state $200/month residual, which isn't a lot. But at least it's being realistic. But if you go to video of the opportunity pitch, you'll see that they show mansions and luxury cars. $200/month in residual income is not going to get you a luxury car.
The bottom line with their compensation plan is that you make about .16 cents on the dollar. That's a long way from a six figure income that most people set their sights on when doing network marketing.
5Linx marketing Training
I want to say here that I'm not a rep for 5Linx, so cannont confirm that their marketing training is effective or not. If it is top notch and I'm unaware of it, then please do contact me and inform me.
But, I did not see anywhere on the internet or hear from any representatives in any biased review that their marketing training will teach you how to build a list. Nor did I see any support training that said that they would teach you how to market and brand yourself as a leader.
I didn't see anything that trained you how to boost customer retention, how to build and develop relationships with customers and downline.
Luckily for the network marketing industry, the answer to all of these problems is the following simple solution.
You must attract reps and customers to you by branding yourself as a leader in the community. Develop YOUR list instead of the company's list. This will allow YOUR business to grow. Make profits off of the people that do not join your business so that you can stay in the game long enough to start building a real residual income.
The reality is that your warm market only lasts so long and if you want a lasting career in network marketing, you need to build, educate and duplicate.
5Linx is an opportunity of a lifetime, but your success will depend on what YOU do not the company.
If you truly want to be successful in network marketing or MLM, you need to generate laser targeted leads. You need to attract 25-30 people per day to you. If you can do this, you can sponsor 2-3 people per week.
Don't believe me? I spoke with a SVP of 5Linx that makes $50K/month. He generates 1,000's of leads a month. Do you think he has that many friends and family?
5Linx success is really only a click away. Get access to the 5Linx success strategies that have allowed network marketers to sponsor 20-50 a month.
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