Are you also asking, what is the 5linx scam? Do you want to know if this business opportunity can help you earn some extra cash? Are you curious if this is a legit MLM business? Well, I suggest that you read this review in order to learn more about it.
Company Name: 5linx
Price to Join: $249 and $49.95/month
Owner: Craig Jeraback, Jeb Tyler and Jason Guck
My Rating: 6.9 out of 10.0
What is the 5linx?
5Linx is a multi-level marketing company that sells products and services in the categories of home, wellness and business. Home services include tech support, energy, telecommunication and much more.
Their products include those that will help you in living a healthy life. Basically, the two sub-categories in wellness are healthcare and nutrition. On the other hand, business services include payment solutions and digital marketing. By the way, the founders of this company are Craig Jeraback, Jeb Tyler and Jason Guck.
In this review, I will take a closer look at this company and try to determine whether this is a scam or not. This is based on my honest research about it. I recommend that you read the entire review before thinking about joining this company.
How Does 5linx Work?
Before we discuss the compensation plan, it is very important that you know that the founders of this company were accused of fraud and conspiracy recently. This hurts my confidence in this company as the founders are one of the most important people in the company.
Anyway, let us focus on the compensation plan. Unfortunately, the compensation plan of this company is not available on their website.
After some research I still found it on the internet and here are the ways that you can use to make money.
1. Quick Start Bonus: You can earn a quick start bonus of $250 by reaching the position of Executive Trainer in your first 30 days through acquiring at least 12 customer points and 2 qualified IMRs.
You will need to sponsor and enroll the two qualified IMRs personally to earn this one-time bonus. You can earn a higher amount of this bonus by acquiring more customers and qualified IMRs in your first 30 days.
2. Earned Position Bonuses: You can earn bonuses by qualifying for other positions as well by simply reaching those positions in a certain time frame. Following are the positions and the bonuses that you will get if you achieve them within the time frame.
ED: $750 (60 days to qualify)
ND: $1,500 (90 days to qualify)
SVP: $5,000 (180 days to qualify)
Note: You will have to maintain the position for a certain number of days to earn the bonus.
3. Commission on Product Sales: This company only pays 10-20% commission on product sales, which is certainly lower than most MLM companies. As a new representative you will earn only 10% commission on product purchases by your customers and your commission will increase as you acquire more personal customer points.
4. Customer Milestone Bonuses: You will earn a bonus when you acquire 25 or 50 customers in a single month. You will earn $100 for acquiring 25 customers and $250 for acquiring 50 customers in a single month.
5. Customer Acquisition Bonuses: You can earn this bonus by enrolling a new IMR that qualifies for his position in the first 30 days of his start date.
You will also earn this bonus on the basis of your leadership position when the new IMR started his business. You will not earn this bonus if the new IMR doesn’t meet the customer acquisition requirements.
6. Residual Commission on Personal, Referred And Team Sales: You will earn from the residual customers in your organization and the amount of money that you will earn will depend on your leadership position.
Basically, you can make a good amount of money by starting good as there are good bonuses for those who do well in the beginning. The people at the higher positions will make most of the money, which is not surprising because this is common in MLM companies.
Overall, the compensation plan is not so different from other MLM companies.
How Much Does It Cost to Join?
You can join in 5linx by spending $249 and paying $49.95/month for as long as you stay in business. I think that it is expensive to join as well as to stay in business. There are MLM companies that you can join by paying $50 or $100 and they don’t require you to pay a monthly fee as well.
I don’t know why the price of joining is so high even when they aren’t giving you products after paying the price.
How Much Can I Earn?
The company published an Income Disclosure Statement in the year 2015 and we will take a look at some of the data from that statement to know more about the earnings that you can expect.
37.63% of representatives didn’t qualify for a leadership position and they made an average annual income of $433. 17.17% of the representatives qualified for Trainer and they earned an average annual income of $356.41.
27.96% of representatives qualified for Executive Trainer and they earned an average annual income of $424.56. So it is clear that the majority of people who joined earned very little money through this company in the year 2015. I don’t think that you will get good results with this company.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
Many people will not want to join because of previous bad experience with the company.
You have to rely on your team to do their part.
In my opinion, 5Linx is not a scam as you can make money from it. They also give helpful information on how you can start your own business.
On the other hand, I don’t think that you will have an easy time with this opportunity. Personally, I think that they have plenty of things to improve including their compensation plan and support system.
Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Teaches entrepreneurial skills
- Great earning potential if done right
- Climb the ranks to earn more
- Build a team
- Support can be improved
I know that you want to invest in 5linx because you already discovered the earning potential of having your own business.
But let me tell you that this is not that easy. It requires great support and guidance in order to succeed.
On the other hand, if you are still looking for an effective way of earning, then you can also look into my personal choice. My best suggestion would be through making your own online business with a support from community. Basically it is a modern way of making money. And this will enable you to enjoy your working time at home.
Right now, I am on my second year in this community and I am already harvesting the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about the 5linx, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences and personal concerns on the comments below!