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5Linx |
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"Is 5Linx a Legitimate Opportunity?" |
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5Linx: Short Introduction
5Linx is a telecommunications specialist that has adopted the Multi Level Marketing route to sell its products. It has remained in news ever since it was established in 2001. The initial growth of 5Linx was exceptional; considering it was competing in a market that usually go with traditional business models.
5Linx Business Model
Over the years, 5Linx has offered several VoIP products to cater to a wide variety of customer needs. You can enroll as a representative for a very low price. It is already an established name, which relieves you off the efforts involved in convincing the customers, the quality of 5Linx. They also provide extensive and detailed trainings through 5Linx University. The customer service is said to be very responsive and helpful. The compensation plan offered also comes with its own unique features. With just 25 customer points, one can qualify for personal customers.
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Innovation is the key for technology products. As soon as a technology product is out in the market, competition can devise ways to offer the same or better technology at a lower cost. This will make it difficult for 5Linx to derive the same profit as they did in the beginning. The decline in income percolates down to its distributors and their network. There are very few or nearly no technology companies that have fared well through an MLM model.
Conclusion
5Linx is one of the very rare technology companies that has shown the potential to stay on the in the network marketing industry. There is no doubt that 5Linx is a legitimate opportunity with immense potential. The only question is about how well the team performs.
According to 5Linx's own statistics, the average incomes of its distributors have dropped more than half between 2006 and 2007. To regain its initial momentum and sustain, 5Linx will have to continuously strive to bring out products that offer additional value to customers.
Multi Level Marketing has proved its worth over the years in different industries. Success or failure of one company is not the final word on the effectiveness of MLM. An enterprising individual can always find different opportunities tailored to fit his skills.
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