One of the fastest growing trends in the Washington, DC metro area is the increase in people transitioning from traditional work in corporate america to network marketing.
The reasons vary. Some are forced from their jobs because of the economy, while others see what’s happening in the economy and want to establish a Plan B before they’re next on the scrap heap of the unemployed.
So I found and contacted over 50 people from DC, Maryland and Virginia, who advertise their network marketing businesses in an effort to find out why they were participating in the industry.
“I worked in the federal government for 14 years and was part of a massive downsizing,” said Tyesha Simms, who currently lives in DC. “I’m a single mom and it took me 10 months to find another job, and when I did, I becam a manager at a fast food restaurant and took a huge pay cut from my government salary. I knew I needed something else and some friends told me about a network marketing company that I jumped on. I’m about 6 months from quitting this job now,” she said proudly.
Camilla Henderson-Taylor, a stay-home-mom in Accokeek, Md., is another who found refuge in the network marketing industry. Her story has elements in it that are being felt by so many people. “My husband works three jobs to take care of us and his health isn’t the greatest. I had to do something to help, but I also need to be here from our kids. It’s scary to think about how close we are to hardship, if something were to happen to him.”
Of everyone polled, over 95% view network marketing as their last chance because corporate america is failing people accross the country. All of those polled wanted to or were involved with companies they believed were recession-proof and had a chance for longevity.
So what makes a good network marketing company? What factors were being looked at when deciding on which opportunity to become a part of?
The most common and important responses were:
- Issues – does it cost too much to get in?
- Product – is it something that folks desire, want and most importantly can thrive despite economic conditions?
- Marketing & Training – does it allow its distributors to market online and is there training for someone who is switching industries and needs a good starting point to be successful?
- Comp plan – does it PAY WELL?
- Leadership – is it a credible company with good leaders at the top who have a track record?
Shockingly, the majority of respondents were in the same company, a company called 5LINX. A more in depth look into the company led to the discovery that the DC area was the most productive region for the company.
A closer Look revealed the following…
Issues: It’s relatively “cheap” to get started while having the capability to filter out the pretenders from those who are truly serious about wanting change in their lives. In an effort to appeal more to the needs of the economy, 5LINX permanently cut their start-up price by 50% to $249.
*Products: 5LINX is a 10 year old telecom company that ranks among the leaders in voice over internet protocol (VOIP), which means digital phone service. Wall Street experts call this the hottest wealth trend in the industry and expect this to gross more income than all other wealth trends in the industry since 1980 combined. The 5LINX business model is based on helping people to save and make money on services and products they pay for regardless of economy (recession proof). The company announced that it will begin offering gas and electric services, starting later this month, at far better prices to consumers now that the deregulation of the utility market is underway!!!
5LINX Energy will join the telecom suite of products, which includes its two flagship products VOIP digital phone and video phon services, cell phone services through all the major carriers, internet services, satellite TV (DirecTV and DISH network), home security and identity theft protection. !!! The company has major partnerships with Fortune 100 companies that allow consumers to reduce expenses without compromising quality.
Marketing: Yes, 5LINX allows internet marketing and has benefited from positive press of its own. The company is listed in Wall Street magazines like the Inc 500 for the last four years (Inc 500 ranks the top 500 privately-held companies in North America). Your Business At Home magazine dedicated its October issue to 5LINX, which reported 831% growth over the last four years “in a bad economy.”
Comp plan: A comparable analysis of 21 other network marketing companies that offer telecom or utility products show that 5LINX has the most lucrative compensation plan. There are more than 10 ways to generate income.
Leadership: The three co-founders Jeb Tyler, Jason Guck and Craig Jerabeck are very well regarded in the industry (they have over 50 years of combined experience in the telecom industry). The threesome, with the help of an advisory coucil, came up with a plan that puts the company in its reps hands. Hundreds of thousands of dollars has been invested into training, which includes a system that appears to be simple enough for anyone to implement regardless of individual background. 5LINX owns its corporate headquartes in Rochester, NY, but is expanding globally (Nigeria, Canada and UK with more to come)!!!! The company stands behind its motto that absolutely NO experience is necessary to succeed in 5LINX.
5LINX grossed over $50 million in revenue in 2010 and projects over $100 million in revenue for 2011. The co-founders have pledged that 5LINX is on course to become a billion dollar business in five years in addition to going public. If you’re looking for opportunity in a steadily eroding economy, this appears to be a good bet. However, I encourage any interested person to conduct their own due diligence and research before deciding.
If you would like more information about 5LINX, check out www.5LINX.com or email email@example.com for contacts to executives within the company as well as a list of resources used for this article.