FHTM (Fortune Hi-tech Marketing) Review, Is It A Stable Business
Multilevel marketing is emerging as a great way to manage a home business and earn a decent residual income. Fortune Hi-Tech Marketing offers a chance to make money through its attractive network marketing business. However, just the fact that you can earn from home doesn’t make this an easy-money opportunity. This is a misconception that has resulted in many disappointed distributors.
Let’s take a look at the pros and cons of FHTM as an MLM opportunity and see if it lives up to the hype.
The FHTM Review
The company was founded by Paul Orberson, an expert salesman who’s experienced firsthand the benefits of being a distributor for a good MLM business. The business has a vitamin product, True Essentials; this is the only product that’s manufactured by them. The MLM also distributes several other products through its network of representatives; the company acts as an affiliate for major brands and promotes their products.
What IS The Business About?
Fortune Hi-Tech deals in 4 groups of products; health & beauty, Entertainment, Communications and Services. They are affiliated to several major corporate to promote products under these categories.
The MLM Opportunity – Costs And Compensation
The cost to join this business opportunity is $299. Expect to spend more for websites. Reps also have to buy a minimum of 3 products.
Though the initial cost seems high, we’ll know if the venture’s profitable only when we get to know the income structure.
FHTM’s compensation may be in the form of bonuses or residual payments. While residual payments are targeted towards building the incomes of managers at high levels in the business, bonuses are aimed to give an impetus to new entrants and reps at lower levels to grow their business. Commissions range between 2 and 25% of sales value depending on your level. Business Managers also get to earn between $100 and $342 each time a new recruit joins their team.
The Downside
Though the business offers promises of an attractive residual income, the truth is, it’s not easy to sell products that may be obtained at cheaper rates from the open market.
Competition
ACN Inc. – ACN Inc is a strong competitor that deals in telecommunication services; this is another MLM company that has an attractive compensation plan with a decent residual income.
Another competitor in the telecommunications field is Lightyear Wireless; this company offers MLM business at an entrance cost of just $49.
One of the best known companies in the multilevel marketing field. Amway not only has a variety of products that offer stiff competition to Fortune’s; it also has an attractive business scheme that’s said to be one among the best in the field.
Making A Fortune
In spite of its setbacks, FHTM is a safe business to take up. There are people who call this business a scam; this may be because they expected too much without putting in enough effort. Most people think of this as a job instead of a business; this limits their target market to just friends and relatives.
Change this attitude and reach out to people through MLM leads. You get to meet new people and hire distributors through an MLM lead. To get this done, you just have to employ different virtual tools that can assist you in gathering leads. This is sure to boost your business volume and get you new recruits.
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