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5LINX offers an interesting business opportunity. The company considers itself to be a one-stop-shop of products and services that individuals, families, and businesses use every day.
I understand you are interested in starting a 5LINX business, thinking it is easy to achieve your dream of financial freedom by selling products and services that people already use every day.
Do you want to know the truth about this mlm opportunity?
Hello and welcome to our mlm review Coffee Talk.
It smarts for you to stop by and read this 5LINX Review before investing with the program.
In this review, we’ll discuss the followings:
- What is 5LINX?
- How to join 5LINX?
- The cost to start a 5LINX business.
- How much can you earn with 5LINX? And
- Is 5LINX a pyramid scheme and a scam?
Reading this 5LINX review you should be able to decide if this the right business opportunity for you to achieve your financial goals and dreams.
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5LINX Review Summary
Annual Revenue: $30 Million
Business Earnings Estimate:
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What Is 5LINX?
5LINX is a one-stop-shop mlm opportunity that offers a wide range of everyday products and services to consumers and businesses.
5LINX was launched in 2001 by Craig Jerabeck, Jason Guck, and Jeb Tyler.
These men have a combined of over 60 years of direct sales and MLM experience.
However, in 2017 all three founders were indicted and convicted of multiple wire fraud and money laundering charges. The men admitted stealing over $2.3 million from investors.
At the time of writing this review, 5LINX estimated sales revenue is $30 million.
The success of 5LINX doesn’t help representatives much.
The company income disclosure statement (IDS) reported most representatives earned an annual average income of less than $1,173. This seems to suggest that 5LINX representatives operate their business with heavy losses.
I strongly urge you to carefully consider and compare 5LINX with other home-based business opportunities before investing.
You can use My #1 Business Opportunity to make a comparison.
How To Join 5LINX?
You need a current 5LINX representative to sponsor you into 5LINX.
You can also visit the 5LINX website to request more information and a local rep will contact you to start the application process.
To build a business and make money with 5LINX. You must purchase a starter kit to become an active and qualified representative. We’ll discuss everything in the following sections of this 5LINX review.
How Much Does It Cost To Join 5LINX?
The cost to join 5LINX depends on the starter kit that you purchased.
5LINX offers the following kits: $39 Affiliate Kit, $249 Independent Marketing Rep (IMR) kit, $499.95 and $999.99 Belief Bundles.
Only the belief bundles come with products for you to start making money.
Besides the starter kit cost, there are other expenses to stay in business.
5LINX requires all representatives to maintain an active and qualified status by submitting at least 6 PCP (Personal Customer Points). The PCP increase as you move up the ranks.
PCP is the points assigned to each product by 5LINX. To earn points, you have to purchase products.
As you can see, the cost to join 5LINX is more than the starter kit. You must also include the costs of switching the existing products/services in your home (ex. television, gas, electricity, home security, coffee, tea, etc.) to 5LINX.
If you fail to maintain the minimum PCP, you are is not qualified to receive bonuses and commissions from 5LINX.
Remember, the expenses above do not include your time, the marketing costs, travel expenses, and gas.
Purchasing products is the only way to maintain an active and qualified.
Other home-based businesses, such as Affiliate Marketing, you earn the commission on every sale, no need to be active and qualified.
To learn why mlm opportunity, such as 5LINX, requires representatives to maintain active and qualified status, you should read our discussion on the FTC MLM Guideline for more information.
5LINX Compensation Plan
The 5LINX compensation plan is not easy to understand.
I’ll provide a quick analysis of the 5LINX compensation plan. To see it in detail, just download a copy.
5LINX offers you two options to earn, sign up customers to purchase products and services or recruiting business partners.
You sign up customers by convincing them to flip their existing products and services in their homes.
Quick Start Bonus
You can earn from $25 to $1,000 bonus if you meet the qualification requirements below within the first 30 days of joining 5LINX.
Earned Position Bonuses
5LINX pays from $100 to $5,000 when you achieve leadership ranks within a set time frame.
As long as you get promoted within the time periods listed below, you will earn that position bonuses.
Customer Milestone Bonuses
This bonus is earned when you acquire 25, 50, or 100 customers. The bonus is paid each month, according to the bonus schedule below.
You can earn between 1% to 40% residual commissions on your entire organization, personal and team sales, based on the leadership position you are qualified for at the date and time of a customer’s order.
There are other bonuses, commissions, and incentives that require more recruiting of customers and representatives. You can refer to the compensation plan for more information.
As you can see, there are multiple ways to earn with 5LINX. But to get paid, you must remain active and qualified.
This is how mlm works. Ways to earn is not the same as qualifying to receive the money.
Can You Make Money With 5LINX?
People usually look at the compensation plan and think they can make money with 5LINX. This is wrong.
Here’s what I mean,
The 5LINX compensation plan outlines ways for you to EARN, not real income.
To analyze representatives’ income, you need a copy of the 5LINX Income Disclosure Statement (IDS). This financial document provides ACTUAL INCOMES
that representative received from 5LINX.
But, where can you get a copy of the IDS?
You can request one at the time of enrollment. The law requires 5LINX to provide you a copy together with the compensation plan.
If 5LINX refuses to provide you a copy of the income disclosure statement, don’t join.
However, here’s a copy of the 5LINX income disclosure statement for you to use with this 5LINX review.
5LINX Representative Income
The 5LINX income disclosure statement indicates over 95% of representatives earned an average annual income of $ 1,172.93 or less. This means they earned less than $98 per month.
Before you get excited and concluded, “Yes, I can make money with 5LINX!” I like to point out that this is the gross income, before taking out taxes and expenses.
What happens if you deduct the business expenses from this commission?
95% of 5LINX representatives earned nothing.
After reviewing the income disclosure statement, I can tell you that your chance of making money with 5LINX is near zero.
Why I am so confident?
Because 95% of 5LINX representatives earned nothing.
5LINX business opportunity is not profitable.
Is 5LINX A Scam?
5LINX offers you a business opportunity. Even though this opportunity has more risks and fewer rewards, it doesn’t make 5LINX a scam.
You are responsible for carefully research, study, and investigate 5LINX before becoming a representative.
Reading this 5LINX Review is a good way to learn the risks and rewards associated with this mlm business opportunity.
As the owner of an Online Business Review, I have evaluated hundreds of mlm businesses to help investors identified and find the right home-based business opportunity to build their dream.
I can say 5LINX is not a scam. But you will not make money as a 5LINX representative.
Is 5LINX A Pyramid Scheme?
5LINX is legit if they follow the FTC guideline. However, it doesn’t mean 5LINX a good investment.
You need to evaluate the compensation plan and the income disclosure statement to determine if an mlm a pyramid scheme.
As we evaluated the 5LINX compensation plan, we found representatives were forced to purchase products to earn the commission.
Every representative becomes a customer of 5LINX, purchasing products to maintain the active and qualified status.
The 5LINX compensation plan encourages you to recruit, not selling products and services.
The more people you recruit, the more money you make as reps flipping their products and services at home to 5LINX.
Isn’t this how you build a pyramid scheme?
Well, you don’t have to agree with me.
But you must agree that the 5LINX compensation plan was designed to convert representatives into customers, not business owners.
You will not get rich with 5LINX.
Is 5LINX Worth It?
If you are a happy customer of 5LINX products and services, then 5LINX is worth it.
But if you are hoping to achieve your financial goals with the 5LINX mlm opportunity, then you will be disappointed.
Your chance of earning a small commission is only 5%. But the chance of business failure is 95%.
However, the decision to become a 5LINX Representative is yours to make.
I like to ask you this question,
Do you know why you want to start a home-based business?
To earn extra money from home, to be your own boss, or to achieve financial freedom?
And to make money, we invest in a PROFITABLE business!
As an affiliate marketer, there’s NO traveling around town to attend late-night meetings and NO face-to-face sales or recruits.
The best part, you are working on the computer in your own home or anywhere you like.
Affiliate marketing is one of the most powerful work from home business opportunity to earn passive income. I recommend you read, MLM vs. Affiliate Marketing to learn.
Here’s another business risk for you to consider, “Business Control”.
As a 5LINX representative, you have no control over what products and services to sell or how to promote your business.
You must obey 5LINX rules and policies to remain in business and receive the commissions.
What happens if 5LINX goes out of business?
All representatives are out of business, including you!
You can lose everything and nothing you can do about it. You have zero control over the mlm business.
You build a business to create long-term incomes.
You want to build a system that generates money far into the future. Isn’t this the #1 reason you want to build a successful business?
If you want to be an owner of a lucrative and profitable business that generates six-figure passive income, then…
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5LINX was launched to recruit and convert people into customers, not business owners.
Why do you think over 95% of representatives earn nothing?
Because the compensation plan was designed to sell 5LINX products and services.
There are much better home-based business opportunities compared to 5LINX.
Well, this is your investment decision.
Thank you for reading this 5LINX review. I hope it answers your question, is 5LINX a pyramid scheme and a scam?
Until next time.
You can share your own 5LINX experience below.