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5Linx Review – Is 5Linx A Scam?
By racer48 | September 30, 2009
A short background on 5Linx:
Read the unedited5Linx Expert Review
5Linx began with quite a lot of buzz when they first launched in 2001 with their innovative telecommunications products. Although the initial hype and growth spurt of 5Linx is mostly over, they still occasionally are on the horizon with a new product innovation, or they get written up in a home business magazine of one sort or another.
Basically, 5Linx has several communications products built around VOIP technology, a rapidly expanding division of global communications.
Is 5Linx the answer to your financial problems?
Although I have strong ties to the MLM profession, love the industry, am a proponent of every legitimate company (including 5Linx) and have been successful building organizations all over the world – I would not recommend getting involved in 5Linx.
Don’t be infuriated with me just yet – let me show you why I feel that way – I think you’ll understand in a minute.
Here are the two reasons I can’t recommend 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:
If you’ve watched MLM for as long as I have, you’ll have noticed that technology based products never last very long in the Network Marketing profession because of the negative price pressure from the market. For example – let’s say your company develops the first phone capable of intergalactic instantaneous transmission. Let’s call this new product ‘iGalaxy’.
When iGalaxy is first launched it receives a phenomenal response – after all you have no competition, huge demand and a new supply – EVERYONE simply wants to own the iGalaxy, which enables you to have a 75% profit margin. Just because your profits are so huge and glorious, you’ve got MLM distributors on 17 different planets all earning million plus monthly incomes.
The stories don’t keep coming, though, because 10 months later China decides to step into the intergalactic communications scene with a new product that behaves exactly the same – only they’re willing to get by with a 5% profit margin – making all of your customer swarm to the cheaper, better product.
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.
When it no longer costs 80 cents a minute to call long distance, it’s hard to pay out huge commissions – which is EXACTLY what you see in 5Linx – some of the smallest checks among the top earners in the MLM industry. 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. If you understand marketing, it won’t matter if 5Linx goes out of business tomorrow – you’ll be able to instantly create a downline of thousands of people in any company you choose – and you’ll be able to write your own checks in this industry.
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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