Product Name: 5LINX
Price: $99 or $249 + 49.95/month
*Watch out for hidden costs!
Industry: Home, Business, Health
What is it?
This is an MLM company selling a variety of products related to home, business and health. That includes VOIP, energy shots, internet services, credit monitoring and more.
5LINX is very expensive to join, and has a lot of hidden fees related to running your business. You even have to pay a fee to receive forms to sign up your referrals to the company! They do not have a very comprehensive set of products, and many of the products are difficult to understand for the average consumer – things like business credit card processing, home security systems, and residential/commercial energy programs.
Boring products, high fees, and an emphasis on recruiting to make money is why I don't recommend this program.
Before You Join
Be careful with companies like this. They sound legitimate because of their size or history, yet it is much harder than it seems to actually make money than they advertise. Direct selling companies like 5LINX try to promote a ‘rich lifestyle' that you can achieve by working with them, but simply do not provide enough tools and support to actually help the average distributor succeed.
If you are considering 5LINX, make sure you read up as much as possible on the company, rather than relying on the hype of the people trying to promote it. I review a lot of ‘make money opportunities' here on my websites, and there is only one company that I consistently recommend for newbies trying to start their own business because they actually give you proper training and support while you build the foundation.
They are not a direct selling or network marketing company, so the business model is a bit different from what you might be used to, but if you are not attached to the idea of joining a multi-level marketing company, then you should see what they have to offer (signing up is free).
My Main Issues With 5LINX Explained
Companies like 5LINX often seem legitimate, simply because they have been around so long, and there are clearly some people in the company making profit. What I hate about this company and others like it, is that they completely hide the challenge and risk involved in joining and promoting their business.
Most of the people making money are the ones at the ‘top', and the ones that recruit large teams. I have not seen any successful people with this company that only promote the products. If the big money is in recruiting and not in selling product, most people will try to recruit, and it starts to be a product based pyramid scheme.
Who's Making The Money?
There are a lot of companies and products out there that are scams, but I wouldn’t really classify 5LINX or similar companies in that way. The reason for this is that it is possible to earn profit from them, particularly if you don’t mind promoting their products to your friends, family, and coworkers.
However, the majority of people who join 5LINX will never make money, and will probably end up spending a considerable amount in their time with the company. According to this scambuster below, the average yearly income for the company is just over $400/year (not counting expenses!)
But, it isn’t quite like that because if you work for a car company you get paid to be there and you get paid commission. If you work for 5LINX, you pay to be there and you pay fees for different things that you do. This includes but is not limited to maintaining your website, purchasing products to sell, gas to go to and from meetings with people, and they even charge you for recruitment forms (plus shipping!)
That doesn’t sound like an income opportunity to me – it sounds like an opportunity to pay a big company lots of money! Cost-wise, 5LINX is actually a pretty expensive biz op compared to others in the industry.
Lack of Good Products
I felt that a lot of their products were either done cheaper or better by other companies, or will be just plain hard to market for the average new business owners. For example, their energy drink. There are already so many out there, that selling this as “better” is going to be pretty tough!
Their credit monitoring program is actually a service that places like Credit Karma and Credit Sesame actually offer for FREE, so why should anyone pay for it?
Other services like commercial credit card processing services and residential energy services are going to be very difficult to market. Most people and businesses are going to be in contracts, or skeptical of unknown companies. At least I am!
Developing A Long Term Strategy For Success
Making money in 5LINX requires finding new customers and new recruits, and this gets progressively harder over time if you do not have a plan of action to get your business online and outside the circle of friends or coworkers. Even if you manage to make a profit at first by signing up a few close friends – doing this for years and years is just not possible! You'll quickly find that people stop answering their phones when you call.
Ultimately, 5LINX might not be a scam, but there are better ways to make money that don’t involve the same level of cost and risk. There are many other opportunities out there that do not require you to recruit, and offer products that are easy to understand and promote.
5LINX is nowhere near as good as the company implies. The products are hard to market for newbies or offered for cheaper at other places. They are quite expensive to join, and focus heavily on recruiting instead of teaching people how to sell their products effectively.
Personally, I don't do MLM because I don't like recruiting and I don't like relying on a downline to be motivated in order for me to make money. I prefer to build a business by myself, and get 100% of the rewards of my effort (no upline either!). I do something called affiliate marketing and I learned how to do it here. I currently help people get their own websites started selling products from other companies and earning commissions for each product sold.
No recruiting, no selling to family and friends, and you can start your business on any topic you want! Let me know if you have any questions about it and I'll be happy to answer in the comments.
Whatever type of product you decide to promote, it's VITAL that you generate leads to grow your business.
But let's face it, "parties" are boring, and no one likes the annoying Facebook friend who's always promoting a biz-op.
That's why I use this lead generation system. Learn how to generate leads outside of your circle of friends and family and discover what it means to truly own your own business, rather than just be a cheerleader for one network marketing company.
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