Have you read through the 5Linx compensation plan? My guess is you have because you’re searching for information that will explain it a little more clearly. It’s a very complex plan that many people struggle to get their heads around. This article will provide you an overview of the compensation plan and what you need to do in order to profit from 5Linx.
How to Start with 5Linx
You will want to join as an independent marketing representative also known as an IMR. Starting out as an IMR is the only way you are entitled to fast start bonuses and weekly bonuses. The entry cost at the time of this article was $249 which is a very reasonable amount compared to most MLM start up packages.
How to Make Money
The 5Linx compensation plan has 30 day, onetime bonuses of $100 and $400. These bonuses are achieved by getting 10 customer points for the $100 bonus and 20 for the $400 bonus. The points are services, not people or households. One customer may give you more than one point if they buy more than one service. And some services count as more than one point. I like this part of the plan as it causes people to take immediate action on their business and pays people that do so. This is exactly what you want your downline members to do when they first join.
Next, they have what they call a monthly customer bonus pool. To earn this part of the compensation plan, you need to have 50 customer points. What does this give you? IMRs in this pool say they get anywhere from $100 to $300 per month. There is a 2nd tier to this pool which is achieved when you reach 100 customer points. IMRs are saying it brings them around $1000 to $1200 per month.
CAB bonuses are the next income potential in the 5Linx compensation plan. This is the part of the plan where you get paid when other people advance to higher positions or titles within the organization. The positions are ET, ED, ND, SVP, and PSVP. Each level has a customer point requirement that must be met. So, basically as your team members grow their customer and IMR base, they advance through these levels. This triggers a bonus for you.
The Missing Ingredient for Most Network Marketers
There are many other bonuses such as open-line commissions, generational commissions, bounty bonuses, residual incomes, and others. In fact, the document that describes this plan in detail is 17 pages long! I like the idea of making money in different ways, but this plan is very complicated. If you do any searching at all on this plan, you will see this comment over and over again.
At the end of the day, you do need a good compensation plan. However, the most important part of any MLM business is getting people to see your business opportunity. Am I right? I mean, you can have the best payout plan in the world but it doesn’t mean a thing if you don’t have lots of people to share it with. And this brings us to the real issue you should be considering which is generating leads.
Sure, you can make very good money with the 5linx compensation plan. And even though it is more complicated than other MLM companies, it doesn’t mean it’s a bad plan. You just need to get as many people in front of your business presentation as possible if you want to make a large income with 5Linx or any other network marketing opportunity.
This is where I have shifted my focus. I now can generate loads of leads on a daily basis for any MLM I join. And I now show other people how to do this as well by using online marketing techniques. Your business will never be restricted again to your list of family and friends! And let’s face it, the big earners made it big by tapping into lead generation systems that bring them in dozens of leads every day. They did not stop with their warm market.
So, there you have it, a quick review on the 5Linx compensation plan. Now you need to make a decision on how you are going to get as many people as possible to see your business opportunity. It is the key to your success more so than picking the company with the best pay plan.