If you’re setting out to find an MLM or network marketing opportunity you most likely have experience in the industry. Therefore, you want to find a company with the attributes that are important to you. But at the same time eliminating many of the pitfalls or disadvantages you may have discovered with a previous company.
What if you could find a company that offered all the advantages and attributes of a great MLM opportunity but had eliminated many of those pitfalls and disadvantages? Let’s examine what some of these advantages and disadvantages are.
Advantages of an MLM or Network Marketing Opportunity
- Residual and recurring income
- Utilizing the efforts of other people (OPE)
- Startup/ground floor opportunity
- Low start-up cost
- Low overhead
- No inventory
- Selling products that are needed not just desired
- Unlimited income potential
Disadvantages of an MLM or Network Marketing Opportunity
- Ongoing monthly fees/costs for product
- Trying to recruit family and friends
- Ground floor opportunities usually come from inexperienced companies
- Products that are overpriced
- Products that have competition at retail stores
- Selling a product that is a desire, not a need
- Having to train and manage people
- Carrying inventory so people can try the product
- Competition from other MLM’s in the same space
- Low initial income
If you have experience in the industry you can perhaps add items to each of the lists above. The point is that choosing the right network marketing opportunity is the key. And, you want to have as many advantages and eliminate as many of the disadvantages as possible.
Our company has done so which makes this network marketing opportunity something you should take a strong look at. Many “traditional” network marketers will find this company to be very unique. It may be a bit foreign to them and they don’t quite grasp the differences.
Network Marketing Opportunity
Financial Education Services (FES) was founded in 2004. Therefore the infrastructure is solid and stable, and they have tremendous scalability. FES is also debt-free. It’s an opportunity without the typical risk associated with a company that is new.
The core product of FES is not a product at all. It’s a service, credit restoration, or what people like to call credit repair. Tens of millions of people are in need of this service and will continue to need credit repair long into the future. FES and its exclusive credit repair partner provider, United Credit Education Services, have already serviced hundreds of thousands of clients.
FES and United Credit offers something that no other credit repair company does. They bundle the credit restoration service into a suite of 12 products called the Protection Plan. In addition to credit repair, each client receives online credit monitoring and identity monitoring. They also get an education on building and maintaining a great credit score with recommendations on specific of how to do so. There are online tools such as a budget, a savings tool, a debt payoff system, and more. By offering services and not products they eliminate the issue of buying and maintaining inventory. The margins for services are far better than for products because there are no manufacturing and shipping costs. Therefore they can actually offer these services for less than traditional businesses can. This puts their independent Agents in a great position to compete in the marketplace and still have a very lucrative compensation plan.
Referrals for Sales from Other Professionals
Something that FES has to offer that perhaps no other company in the MLM or network marketing space has is the ability to get referrals for sales from other professionals. Real estate agents and brokers, mortgage brokers and loan officers, auto salespeople and dealers, banks, solar companies, and more. Any professional or company that has a need for their clients to have a certain credit score to close business with them is a potential referral source. Individuals and companies in the industries listed above lose a significant amount of their business because their prospective customers cannot qualify due to credit score. The FES Agent can solve this problem by developing relationships with these people who are happy to refer to our agents these “lost” prospects.
Eliminating the Negatives of Network Marketing
This company certainly provides all the advantages listed above but here’s how they have eliminated the typical disadvantages of MLM or network marketing.
- Ongoing monthly fees/costs for product- Agents for FES can choose and should choose to purchase their services for a nominal monthly fee. But once they have 5 other Agents or customers on the services theirs is now free. No more monthly fee.
- Recruiting everyone that you know- FES promotes recruiting of Agents certainly but trains their Agents to look for serious business-minded entrepreneurs. That may be one’s neighbor but more than likely friends and neighbors become customers or simply referral sources.
- Ground floor opportunities usually come from inexperienced companies- This company has a ground floor opportunity but is not a start-up by any means. It’s the best of both worlds.
- Products that are over-priced- FES services are priced lower than what is found in the current marketplace for an inferior service.
- Products that have competition at retail stores- the consumer cannot find the services FES offers at a store. They aren’t going to replace these services while running their errands.
- Selling a product that is a desire not a need- The services that FES offers are not just a desire. People need what FES Agents have to sell to be able to refinance or buy a home, car, rent a home or apartment, and more.
- Having to train your own team- We provide solid business-building training online. You can plug your new Agents into the training system and allow top producers in the company to train your Agents. This is not hype and not just motivational. The training is filled with content about building a business.
- Carrying inventory so people can try the product- no inventory is needed
- Competition from other MLM’s in the same space- there is none
- Low initial income- this may be the best part. An FES Agent can earn a $100 commission on a credit repair sale (Protection Plan Membership with credit repair), and $12/month residually. What other MLM company has a product or a service where one sale can result in that type of pay off? FES Agents can get themselves in a position on a part-time basis to be earning $4,000 or month or more in 90 days or less. Of course, results are based on the individual Agents’ efforts and time they put into the business. Click here for details and our income disclosure.
Learn More About This Network Marketing Opportunity
If you are looking for an MLM or network marketing opportunity but want a company that is different and has eliminated many of the pitfalls in the industry, FES just might be for you.
For more information on the FES network marketing opportunity visit Business Opportunity. Here you will find a 30-minute detailed video. If you like what you see you can then Booka Phone Appointment to speak directly with us.
Looking for an MLM or Network Marketing Opportunity was originally posted in 2014 and was updated in January of 2017 and again in July of 2020.
ERA Credit Services and/or it’s partners, Agents or affiliates make no guarantees to the level of financial success our Independent Credit Repair Agents can achieve. Earning substantial income with this opportunity requires hard work, leadership, and dedication and some Agents may make no money at all. All income you receive will depend upon your individual effort and ability.