If you're fed up with your 9-5 job or are perhaps just looking for a new business opportunity, you may be considering investing in 5Linx.
You may have heard about the potential in multi-level marketing (MLM), or perhaps a friend or family member has already had some success.
It can be tempting to rush into this business model based on details that suggest you can quickly make huge sums of money.
However, is this really the case? Let's take a closer look at 5Linx company and their offering for consultants.
What Is 5Linx?
5Linx is a network marketing company founded in 2001. The leadership team has 100 years of related sales experience, giving potential recruits confidence they will receive good guidance.
You should note from the outset that there is no suggestion 5Linx is a pyramid scheme. This is a type of selling process that means consultants only make money when they bring on other recruits.
This is an illegal practice and is not the same as direct marketing or referral marketing.
In contrast, 5Linx provides you with the opportunity to sell a range of personal and business products. This is slightly unusual as MLM companies usually have one niche market. But, 5Linx focuses on two separate fields.
You could look at this as a strength as you have a more varied product range. But, it can also possibly distract attention from concentrating on one target market.
5Linx seems to offer considerable support to their consultants. There is online training, ways to promote your business on social media, customer support, and more.
So far, there is plenty of positive information to suggest this is possibly a great opportunity. However, it's important to review if you can really make money with this company.
How to Make Money with 5Linx
The first way to make money with 5Linx is to sell products directly to consumers. You can offer energy programs, tech support, identity theft protection, and more.
But, as with all MLM companies, you need to purchase these products before you can sell them to customers. This means you are out of pocket before you start.
Also, in the modern era, consumers have more choices than ever before. Even if you have a good product or service, another provider may beat you on price or have a bigger advertising budget.
This is why many multi-level marketers end up trying to sell to people they know. However, this can be challenging, and it's unlikely to be a strategy that brings on long-term customers.
When you read about the high sales figures of some marketers, it's often because they have spent time and effort recruiting other consultants. This means you can earn income every time one of your recruits makes a sale.
The more recruits you bring on board, the more potential profit you can make. Some marketers are successful enough to build a successful team that creates a substantial income. However, this is not the most common experience.
MLM Method Issues
You may have hunger, drive, and energy to make your business succeed. But, this does not mean recruits will share your passion.
They may expect to make a high income in a matter of weeks and become discouraged when this does not happen. You could also find they are not natural salespeople and struggle to close deals.
In this scenario, you will earn very little commission from their efforts, so you'll have to rely on direct selling products yourself.
MLM companies also have a jaded reputation. Although it may be unfair, many consumers still consider them similar to pyramid schemes and are wary of buying from this type of company.
Although it can be disheartening to read about issues that could reduce your chances of MLM success, there is another business model you may want to consider.
The Affiliate Marketing Business Opportunity
There is no need to buy products or services before becoming profitable when you engage in affiliate marketing.
You can choose to work with one of thousands of companies and sell products that inspire you and align with your values. This makes it easier to make sales because people will feel your strength of belief in the product.
Rather than selling many low-ticket items, you can focus on promoting a smaller number of products with a higher sales commission.
This is also an excellent way to create residual income. This means you can earn money many times from one piece of content. For example, you could write an article about a service or product that includes your affiliate links.
Alternatively, you might record a podcast or YouTube video. You could find this one post still leads to sales months or even years down the line.
However, as with any new venture, you need to know the tips and tricks to help you achieve success. Otherwise, you could waste time and money on sales tactics that don't work.
This is why it's important to learn from others who know how to increase your chances of building an online income.
Choose Legendary Marketer
The Legendary Marketer team has many years of experience in the affiliate marketing industry. Our experts can help you avoid common pitfalls and maximize your return on investment in terms of time and money.
We know this is a tremendous business opportunity and understand how to navigate the marketplace to get the best results.
While we offer a range of courses to help you succeed, why not start with a small investment to see if this is the right opportunity for you?
In order for you to develop your skills, you should consider taking a free or paid marketing course. There are a variety of digital marketing courses you can take from businesses that can help you enhance your skills. As of writing this, over 80,000 new marketers have taken the Online Business Builder Challenge (only $7), and that might be a good starting place for you as well.