5Linx Enterprises is a network marketing company surrounded with intrigues and controversies because of its history.
In this 5Linx review, we will talk about what this company is, if you can make money from it, and its marketing strategies. We will also discuss if this company is worth investing your time, energy, and money in.
What Is 5Linx Enterprises?
5Linx Enterprises is a multi-level marketing company which has quite an unusual approach. How so? It offers products in different areas and not target just one niche.
For instance, they have energy and television products, financial services, and health and wellness products. What makes them unusual is that majority of MLM companies set their focus on one area and 5Linx Enterprises is doing otherwise.
The good thing about this, though, is that they can compete in a diverse market. Those who look at this in a sales point of view will think that this is a powerful and effective strategy because you have a bigger audience to sell your products to.
5Linx Enterprises’ History
Anyone knows that your reputation can make or break you. This is also applicable in the business world. It is important that you do a background check on the company you are joining because your income depends on it. Do not commit until you find out that the company is squeaky clean.
The reputation department is where 5Linx Enterprises fails. Its co-founders were charged for defrauding investors along with wire fraud in 2017. Two of their co-founders were convicted in 2018 for those crimes.
The problems connected to the co-founders are theirs alone. It was their decision and has nothing to do with 5Linx Enterprises.
Currently, 5Linx is running under different management. You can still possibly earn money if you join their company. However, their history and reputation might not do you any good. It’s just my thought though.
One thing worth noting is that 5Linx Enterprises is not as powerful as it was before under its new administration. One of the many reasons is the issue of the decline of landline popularity – which is partly to blame for their downfall. Because of this, the company concentrated on other products such as supplements. This helped them stay afloat in the business.
The thing is that those products don’t offer the same profit margin as their other and previous offerings. The new items can’t also compete in the market because other companies supply them as well.
Having said all this, it is safe to say that you should proceed with caution when it comes to dealing with 5Linx. Although they are trying their best to recover, their reputation might still affect you.
How Do I Make Money With 5Linx Enterprises?
There are two ways: (1) services and (2) recruiting people because it is an MLM company.
The first way is to promote their services and products. Below are just some of them:
- Chroma credit – from the name itself, you can tell that it is a tool for credit -credit score analysis, including improvement and support.
- ID Guard – provides identity theft insurance, real-time and regular fraud alerts, and virus protection.
- Internet, Fiber Video, and Cable TV – provides affordable high speed internet, Fiber and Cable TV.
- Montavida – coffee and tea packed with healthy ingredients for maintaining healthy weight.
- Platinum Discount Network – all-in-one savings program due to discounts and coupons tool.
- Residential Energy Program – supplies customers with knowledge about choices and access to competitive energy supply.
- Safeguard Services – a package of services to safeguard personal data, credit score, and equipment to prevent the risk of having compromised data.
- Safescore – provides identity validation, and credit monitoring.
- Tech 24/7 – complete package of essential services that caters to computer needs such as technical support, hardware repair during failures, and more. This also keeps your computer running virus-free.
- TeeVee – contains the same cable and satellite TV programming for a fraction of the leading provider’s price.
- Commercial energy program – same offering with the residential energy program, but on an enterprise scale.
- TextAlertz – web-based platform to communicate with your clients and team.
As you can see, there is an assortment of products from the health and service niches. While this is a good strategy, this offers disadvantages as they cannot focus on strengthening their products.
For instance, we have read a number of complaints about ID Guard. It is said that this particular service is limited yet too pricey for its features. It is even as expensive as those that offer more features. Another sample issue is with their TeeVee box as it is not as high quality as they promised.
Their commission rate is low too. However, they have recurring commissions which is unusual in an MLM. To have bigger earnings, you need to sell subscription programs that a client needs to renew every now and then.
If you are successful in selling even one subscription program, you are already good. But… there’s a big BUT for this. The service involved should be extraordinary enough so that the customer will choose to renew the service. Can 5Link Enterprises provide this?
Having said all these, how can they compete with others? Those items can be bought from a myriad of other companies, so why pick their company over the others?
If you want to make tons of money, you will need to offer high quality services that people won’t refuse. In addition to that, you also need to have unique offerings – something that people can’t resist. Does 5Linx Enterprises have this?
Making Money Through Recruitment
You can basically earn money from your sales, your team’s sales, and then a couple of bonuses.
The amount you will get also depends on your rank. So, the higher your rank is, the bigger commission you get. I can’t really explain how the commission works because it is complicated.
Anyhow, you will not reach a particular rank if you don’t comply with the company’s requirements. The higher you go, the harder the requirements are. This is one of the biggest hurdles in any MLM. Many want to get to the top because of the high earning potential that comes with the rank.
Even the bonuses have requirements before you can earn them. So this means that they are not really bonuses.
5Linx Enterprises is not a brand spanking new earning opportunity. It has existed for years, but its shine faded over time because of the controversies that involved its co-founders in the recent past.
Even with all the issues, you can still earn money from 5Linx Enterprises. Yes, it is still possible. However, you will need to carefully devise a plan of action.
I suggest that you research on the most competitive and bestselling products/services. Promote them and stick to those items. This will give you time to get to know your products even more so you can better sell them.
This strategy is great because having too many choices for your customers can be overwhelming too.
To make more money with 5Linx Enterprises, you will need to constantly look for new customers and recruits. This will be extra challenging as time goes by (especially when you have sold to or recruited your family and friends).
This cannot go on for years. Eventually, you will notice that friends or acquaintances will be running in the opposite direction when they see you, or stop picking up the phone altogether when you call. And this is just sad. You don’t want to live this kind of life.
Furthermore, there is no training provided so that you can succeed in promoting the products. The company’s focus is to sell and promote services and items to family and friends. This only means that you have to go the extra mile to amass a huge following or clients.
Although 5Linx Enterprises supplies you with a website where you can make your sales, this is not enough. You will have to be clever. You will need to learn how to get traffic to your site and pursue people to buy your items. This will take a lot of time.
Lastly, please know that despite all the planning, you will still be at a disadvantage if you join 5Linx Enterprises. As of date, it has tarnished its name and anything can happen anytime.
People will always associate the company name with fraud so this is not good. You don’t want to invest your time and money in something that can potentially drag you down. Right?
Would I recommend joining them? No, I wouldn’t. But, to be honest, I see no reason to join any MLM company, when there are many good opportunities of making money online.
It’s a better idea to create your own online business and make money online with affiliate marketing.
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