The Pros and Cons – Small Business Review of 5Linx
Why Read This 5Linx Review?
I do not 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
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 are not 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.
- 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.