Mar 10
Fortune High Tech Marketing was founded in 2001 and is located in Lexington, Kentucky. They promote a variety of products and services that people use everyday such as wireless phones, phone plans, long distance calling services, satellite TV, weight management, and health and beauty products. My goal for this FHTM review is to give you as much information as possible so that you can determine for yourself if this is the right business opportunity for your home based business. What Are The Expenses?
There are a couple ways to get started as a FHTM distributor. The first option, which is the cheaper option, will cost you $75. This is a fully refundable deposit. This is called being a $75 rep. At any time you can withdraw your $75 deposit. The $75 Rep does not pay out any bonuses to their upline and can't access representative support with their questions. So this is a drawback if you are not an experienced network marketer. Remember, coaching is vital to your success. With no coaching you're forced to learn on your own, which can be quite difficult. The other option, which is more expensive, will cost you $299. This is called a $299 Manager. With this option you will have a sponsor that can give you one on one training unlike the cheaper $75 Rep. If you want to withdrawal from the Manager position the rule is that you can withdraw 10 days from the date of entry. FHTM imposes a renewal fee every year of $199 to remain a distributor. Now FHTM recommends becoming a trainer to make additional income. But this requires you pay an additional $299 to become a Trainer which carries an additional renewal fee of $100. Additional expenses that you can incur are the web site fees if you in fact decide to have a pre-built web site. It will cost you $19.99 per month for a pre-built web site and for the back office. The back office includes additional training to help you develop your business. The Fortune High Tech Marketing Compensation Plan
Like other MLM compensation plans the majority of your income is earned through residual income. This is the income you earn from your downline. So the better you train your downline the better they will perform. And if they perform well, this means your residual income will increase. So it's very important that you're a person that can motivate your team and create a training system that duplicates success. Now the commissions can range from 2 to 20 percent based on your sales performance, your team's sales performance, and the size of your team. These are the typical MLM factors that determine your financial performance. One important rule in their compensation plan that caught my attention is that FHTM implements a stair-step breakaway plan. This means that anyone on your team that outsells you within a given period can leave your team to establish their own team. You will no longer receive commissions from these people's sales and they also become a competitor of yours which is a disadvantage. It is also known that once you become established you will experience a lack of support from your upline sponsors because they know you are now a competitor of theirs and that soon you will "break away" from the upline. This type of plan is best suited for more experienced people that are confident in their ability to continually recruit new distributors Now there are other business opportunities that don't implement this stair-step breakaway plan. It is up to you to really take note of this requirement so you can decide if this is a rule you can live with if you in fact decide to join the Fortune High Tech Marketing business opportunity. Training
There is a back office with the purchase of the website which costs $19.99 per month. As a distributor, you can track your customers and your downline. Also through FHTM's training site, they offer webinars lead by established leaders in the industry so that distributors can further advance themselves in their business. Also, you will get one on one training with your sponsor. The training is different from sponsor to sponsor. So no matter what business you join, it is very important that you find the right coach to sponsor you. You want to continually ask questions to see which person's attitude, personality, and training methods best fit your style. No matter how great an opportunity is it won't matter at all if you don't find the right trainer to show you the right marketing techniques to succeed in this competitive industry. FHTM is still using a strategy called the "Warm" market approach. This means that when you first start your MLM business, you first try to recruit your friends and family to get your business up and running. The thought is that because you know these people they will trust you and therefore more likely to sign up with you. This is not the best approach. Some people will either pretend they like what you're doing or you'll just end up ruining a perfectly good relationship. If you're willing to take that risk, it's totally up to you. There are much better methods to draw in customer leads without you having to chase people down. Utilizing concepts such as personal branding to provide value to your customers for free will attract people to follow you. Creating free training tools, writing articles, creating videos, and creating a pay per click campaign are a few strategies you can use to draw in customer leads that are truly interested in your products, services, or business opportunity. Conclusion
FHTM is a solid business accompanied by reputable products that people actually use. The only downside to their business model is their stair-step breakaway plan. This plan is more geared towards seasoned and experienced marketers that have proven methods to continually replenish their team when people "break away" from their downline. But, it's totally up to you to decide if this one rule will sway you away from this business. I always advise everyone to look at competitor companies to see if they offer a compensation plan that fits your needs without any rules that may sway you away. Also, as an experienced person that was once in your position looking for the right opportunity, always call up the distributors and talk to them. You'll get a better feel of the nature of the business from just talking to someone and asking them any questions that will help you make a better decision. And remember make sure any opportunity you join offers training through webinars or with your sponsor that will teach you the right marketing strategies so you can succeed in this highly competitive business.Brandon R. Drake is a professional marketer and an [http://www.honestwealthbuilder.com]online marketing coach that helps serious entrepreneurs increase their skills by teaching effective methods to leverage the power of the internet and utilize smart marketing techniques to be successful in network marketing. Article Source: [http://EzineArticles.com/?Fortune-High-Tech-Marketing-Review---Is-This-Opport...?&id=3892883] Fortune High Tech Marketing Review - Is This Opportunity the Right Fit For Your Home Business?
Fortune High Tech Marketing Review - Is This Opportunity the Right Fit For Your Home Business?
OverviewFortune High Tech Marketing was founded in 2001 and is located in Lexington, Kentucky. They promote a variety of products and services that people use everyday such as wireless phones, phone plans, long distance calling services, satellite TV, weight management, and health and beauty products. My goal for this FHTM review is to give you as much information as possible so that you can determine for yourself if this is the right business opportunity for your home based business. What Are The Expenses?
There are a couple ways to get started as a FHTM distributor. The first option, which is the cheaper option, will cost you $75. This is a fully refundable deposit. This is called being a $75 rep. At any time you can withdraw your $75 deposit. The $75 Rep does not pay out any bonuses to their upline and can't access representative support with their questions. So this is a drawback if you are not an experienced network marketer. Remember, coaching is vital to your success. With no coaching you're forced to learn on your own, which can be quite difficult. The other option, which is more expensive, will cost you $299. This is called a $299 Manager. With this option you will have a sponsor that can give you one on one training unlike the cheaper $75 Rep. If you want to withdrawal from the Manager position the rule is that you can withdraw 10 days from the date of entry. FHTM imposes a renewal fee every year of $199 to remain a distributor. Now FHTM recommends becoming a trainer to make additional income. But this requires you pay an additional $299 to become a Trainer which carries an additional renewal fee of $100. Additional expenses that you can incur are the web site fees if you in fact decide to have a pre-built web site. It will cost you $19.99 per month for a pre-built web site and for the back office. The back office includes additional training to help you develop your business. The Fortune High Tech Marketing Compensation Plan
Like other MLM compensation plans the majority of your income is earned through residual income. This is the income you earn from your downline. So the better you train your downline the better they will perform. And if they perform well, this means your residual income will increase. So it's very important that you're a person that can motivate your team and create a training system that duplicates success. Now the commissions can range from 2 to 20 percent based on your sales performance, your team's sales performance, and the size of your team. These are the typical MLM factors that determine your financial performance. One important rule in their compensation plan that caught my attention is that FHTM implements a stair-step breakaway plan. This means that anyone on your team that outsells you within a given period can leave your team to establish their own team. You will no longer receive commissions from these people's sales and they also become a competitor of yours which is a disadvantage. It is also known that once you become established you will experience a lack of support from your upline sponsors because they know you are now a competitor of theirs and that soon you will "break away" from the upline. This type of plan is best suited for more experienced people that are confident in their ability to continually recruit new distributors Now there are other business opportunities that don't implement this stair-step breakaway plan. It is up to you to really take note of this requirement so you can decide if this is a rule you can live with if you in fact decide to join the Fortune High Tech Marketing business opportunity. Training
There is a back office with the purchase of the website which costs $19.99 per month. As a distributor, you can track your customers and your downline. Also through FHTM's training site, they offer webinars lead by established leaders in the industry so that distributors can further advance themselves in their business. Also, you will get one on one training with your sponsor. The training is different from sponsor to sponsor. So no matter what business you join, it is very important that you find the right coach to sponsor you. You want to continually ask questions to see which person's attitude, personality, and training methods best fit your style. No matter how great an opportunity is it won't matter at all if you don't find the right trainer to show you the right marketing techniques to succeed in this competitive industry. FHTM is still using a strategy called the "Warm" market approach. This means that when you first start your MLM business, you first try to recruit your friends and family to get your business up and running. The thought is that because you know these people they will trust you and therefore more likely to sign up with you. This is not the best approach. Some people will either pretend they like what you're doing or you'll just end up ruining a perfectly good relationship. If you're willing to take that risk, it's totally up to you. There are much better methods to draw in customer leads without you having to chase people down. Utilizing concepts such as personal branding to provide value to your customers for free will attract people to follow you. Creating free training tools, writing articles, creating videos, and creating a pay per click campaign are a few strategies you can use to draw in customer leads that are truly interested in your products, services, or business opportunity. Conclusion
FHTM is a solid business accompanied by reputable products that people actually use. The only downside to their business model is their stair-step breakaway plan. This plan is more geared towards seasoned and experienced marketers that have proven methods to continually replenish their team when people "break away" from their downline. But, it's totally up to you to decide if this one rule will sway you away from this business. I always advise everyone to look at competitor companies to see if they offer a compensation plan that fits your needs without any rules that may sway you away. Also, as an experienced person that was once in your position looking for the right opportunity, always call up the distributors and talk to them. You'll get a better feel of the nature of the business from just talking to someone and asking them any questions that will help you make a better decision. And remember make sure any opportunity you join offers training through webinars or with your sponsor that will teach you the right marketing strategies so you can succeed in this highly competitive business.Brandon R. Drake is a professional marketer and an [http://www.honestwealthbuilder.com]online marketing coach that helps serious entrepreneurs increase their skills by teaching effective methods to leverage the power of the internet and utilize smart marketing techniques to be successful in network marketing. Article Source: [http://EzineArticles.com/?Fortune-High-Tech-Marketing-Review---Is-This-Opport...?&id=3892883] Fortune High Tech Marketing Review - Is This Opportunity the Right Fit For Your Home Business?
