What Is 5linx? Phone & VOIP Provider Or a Big Money Maker?

What Is 5linx? Phone & VOIP Provider Or a Big Money Maker?

Ever heard about 5Linx? Interested to hear what the opportunity is all about? Good, you are definately in the right place. This article will attempt to answer the question: What Is 5linx? Phone & VOIP Provider Or a Massive Money Magnet?
What Is It?

5Linx Enterprises, Inc is a international provider of telecommunications services and goods. They are based in twenty countries and there offerings include cell phones and plans. 5Linx was founded in 2001 and headed up by Craig Jerabeck (President & CEO), Jeb Tyler (Executive Vice President of Marketing) and Jason Guck.

What Services Do They Provide?

GlobalLinx is a subsidiary of 5Linx and provide VoIP services to their customers. After my research I can see there is more to this business than just the 5Linx phone offering. Their products include Inbound International numbers, VoIP, and business lines. Other products provided are cell phones, Home security, broadband and satellite.

What Income Streams Are There?

5Linx main business opportunity is a conventional network marketing business that allows an average person to re-sell or recommend their services and create a residual income from their efforts.

They also have a fund raising program for organizations to earn a residual income by recommending their services to their clients or members. They call this scheme "Link2Funds". This enables them to create a crucial extra income stream. The typical organization would be a school, club, church or corporate business.

How does the compensation plan work?

The positions range from qualified which requires four active customers leading up to the top Platinum Senior Vice President level (PSVP). One of the distributors at this level is Steve Carter. One of the benefits at this level is a Bentley company car which Steve Carter has been rewarded with.

There are 8 main ways you can get paid in 5Linx: Bounty Bonus (Monthly Residual, Up-front customer commission), Open-Line promotional bonuses, customer bonus pool, Weekly customer Acquisition Bonuses (Based on team performance), revenue pool, SVP (Senior Vice President) incentive bonuses and PSVP Pool.

5linx? Phone & VOIP Provider Or a Massive Cash Magnet?

Personally I am not a 5Linx business owner, but I do respect other peoples opportunities as I am involved in the Network marketing industry and help and assist many others. I can definately see some great things and some challenges. I will get the negatives out of the way, my goal is to provide non-biased info so I will be truthful. There is an upfront investment of $499 dollars.

I am aware you can look at this in both ways. Negatively I see it as a high start up cost for someone who is struggling with the global recession. Positively compared to setting up a conventional business it is a relatively small start up cost.

Like most MLM opportunities the success rate is very low, most average people give up when they don't get good enough results in the short term. Personally that is happening in all network marketing opportunity and a big reason why the industry has a 95% failure rate.

The bottom line is there are obviously success storeies such as Steve Carter. But for every Steve Carter there are another number of failure examples. In my opinion if you want to really be successful in this business you need to take a slightly different approach.

You need to get your marketing very targeted to really make some real money. If you get your marketing on point and then I am asked - 5Linx, Phone & VoIP Provider or massive Cash magnet? I would have to say Money magnet if you learn to market correctly and leverage the internet to explode your business.

Listen here is the next step,