An Expert Review Of 5Linx – Is This A Good Opportunity?
by admin on Oct.10, 2009, under General
Here’s a brief introduction to 5linx:
Read the unedited5Linx Review
5Linx is a MLM company that started in 2001 in the internet telecom industry. 5Linx had a short lived phase where they grew extremely quickly, sponsoring thousands of distributors into their company in more than 20 countries.
Basically, 5Linx has several communications products built around VOIP technology, a rapidly expanding division of global communications.
Is 5Linx the best opportunity in the world?
Although I am a strong proponent of the MLM profession, I would not recommend getting involved with 5Linx.
Before I get 10,000 angry emails from 5Linx representatives, let me briefly share with you why I won’t recommend anyone join this company.
Why I would never join 5Linx:
Basically, I simply will not ever recommend people get involved with the newest, latest technology based product. There are a LOT of reasons for this, but let me share my top two:
First, technology based products are great for traditional business, but not good for network marketing because of the negative price pressure of the marketplace. For example – let’s say your company develops the first phone capable of intergalactic instantaneous transmission. Let’s call the new, fabulous phone the ‘iGalaxy’.
Well, when you first launch iGalaxy – the response is phenomenal – not only do you have the only product that offers sub-space instantaneous communications, but you have a 75% profit margin because of lack of any real competition. Just because your profits are so huge and glorious, you’ve got MLM distributors on 17 different planets all earning million plus monthly incomes.
One month, though, the growth just stops and goes backwards, because one of the third world planets without patent laws takes a look at your iGalaxy and decides to make a newer, better, cheaper phone called the iUniverse – it’s the same as your product, only it costs 95% less.
To compete in the marketplace, your company reduces the cost of iGalaxy by 70%, causing a 95% reduction in your monthly commissions and…
…Presto! You’re back from square one building a new MLM from scratch. Which brings us to reason #2:
Simply put, I’ve never seen a technology based product last long term in the MLM industry – they are simply competing with market forces that pressure them out of business. You remember Excel, don’t you? When it cost 80 cents a minute to make a long distance phone call in the mid 80’s, excell was producing some of the biggest checks in MLM history and NO ONE thought that they would fall apart. Yet the pricing pressure of the marketplace forced them out of business. An example of this is that the average earnings of 5Linx representatives dropped by 50% over ONE YEAR – from 2006-2007 according to 5Linx official income statistics.
On a fundamental economical level – when costs of technology go down from increased technological ability and market competition – 5Linx has to pay you less money to stay in business. ACN is the closest company in the MLM profession that I’ve ran across that has a chance of long term success, and I don’t think that they’ll last, either.
However… If you do want to make money in 5Linx, realize that your ability to create a successful organization is completely independent of any company that you join.
If you seek MLM riches and you’re in 5Linx, learn the principles of attraction sponsoring, and you’ll draw an endless stream of prospect to yourself like bees flock to honey. That way, it won’t matter if 5Linx goes out of business or all of your distributors start earning tiny checks – anyone who is worth his salt and understands Attraction Marketing knows how to instantly create a loyal organization in any company they choose.
If you want to cut past MLM bull-crap and learn the secrets that allow me to earn ridiculous monthly incomes and sponsor 20-50 people per month leveraging technology – visit David Wood’s MLM Training to learn how I beat the odds in Network Marketing.
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