MLM or network marketing is a business structure designed to create marketing and sales force by compensating promoters of company products not only for sales they personally generate, but also for the sales of other promoters they introduce to the company, creating a downline of distributors and a hierarchy of multiple levels of compensation.
There are a lot of criticisms regarding this type of model as this closely reflects pyramiding which is illegal in most states. This is also the reason why a lot of potential customer are turned off by the fact that they can earn and put up their own business by investing a little amount in companies like 5Linx.
5Linx is a Telecommunications Company that provides services in the United States as well as 20 other countries worldwide. The company has been providing cell phone, VoIP, broadband internet and satellite TV services. 5linx distributes its products through a number of independent marketing representatives. This type of distribution allowed the company to grow beyond what traditional distribution model can provide. The 5Linx direct sales model creates a lot of opportunities for people to invest in their own business, and experience the benefits of entrepreneurship with minimal investment. Think Avon but with hi tech gadgetry!
The downside of this type of model is that there are people who are hesitant in investing money as they are not guaranteed if the business can actually create an income nor can they break even. But with excellent hi end products and excellent customer service to back it up, there is little to be afraid of in getting into this business.
5Linx offers state of the art technology and has partnered with several well known service providers such as Direct TV and Dish Network. This makes the company’s products indispensable as there’s constant improvement in telecommunication and wireless internet technology and there’s always a guarantee that there is a demand for products developed using new technology.
But even with all of these advantages, you need to remember that there is a lot of competition. To emerge on top and earn maximum benefits and compensation, you need to use varying marketing techniques and use whatever resource you have to ensure that you will have a strong foundation with this business. You may want to use social networking sites to promote your business and this would require less effort to do business and is a good way to retain customers as well.
5Linx can be a profitable venture. If you have extra money to invest on a business, you can definitely try it out. But you need to remember that it’s not only you are trying to get n top of this business. And if you want to get the maximum benefits, you will need to know the right marketing techniques to overcome your competition. Using traditional and modern way of introducing your product is necessary to make sure that you get the most out of your investment, or even more.
Source by Daniel McGonagle