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The 5Linx compensation plan is really something that you need to study hard to really understand it. Fortunately, I'm going to simplify it here so that you can decide if the 5Linx compensation plan is good or great.
What I'm going to go over mostly is the overall structure of the plan and how you'll make the most money with this compensation plan.
You can join 5Linx at two different entry points. Become a Customer Representative at $99 or an Independent Marketing Representative (IMR) for the low price of $499.
If you come in at $99 you will not get the benefit of an MLM unless you qualify for as an IMR or upgrade by spending more money. Obviously, you must choose IMR if you're looking to join 5Linx and make the most money.
Leadership Ranking
After IMR you can rise up through the ranks of 5Linx by acquiring and maintaining different levels of customer points. The rankings are as follows: Executive Trainer, Executive Director, National Director, Senior Vice President (SVP) and Platinum Senior Vice President (PSVP).
In order to earn the most in 5Linx you will need to get to the PSVP level. The blue print is to prospect, train and recruit.
Different Ways to Earn
Bounty bonuses, monthly residual, weekly customer acquisition bonuses, open-line promotional bonuses, customer bonus pool, revenue pool, SVP incentive bonuses and PSVP pool.
Open-Line vs. Generational Payouts
As far as bonuses go, just recruit and retail and you'll earn them. There's nothing special there. The thing that was hardest to understand for me was what open-line vs. generational line payouts. Open-line means that in 5Linx if you don't have anyone that is at your equivalent rank, you are paid all of the commission for all of the levels in-between.
Clearly overrides are your best chance at success, but that success will come at the expense of other people's failures.
For example: (A - You B- Not Filled C - Not Filled D - IMR) If D sells something, you get the commission that would have been paid from A, B and C.
Generational means that when you train and build someone up to the same leadership level as you and they are "underneath" you, that you cannot earn a high commission of sales that occur within both of your downlines. So what's the incentive? The incentive is that you both are sharing commission from the same customer points. Thus, you are both working together to make more money.
What's the incentive for the upline with the equivalent rank? The 5Linx compensation plan isn't clear on how member of the team with an equivalent rank is treated in terms of total percentage commission. But from what I gather, this compensation plan is really rewarding the highest ranking leaders for taking a large commission drop.
Here's the thing though, with 5Linx it is in your best interest to move hard and fast because of the high failure rate in MLM, you'll be able to earn a ton of override commissions. Just something to think about.
