FHTM (Fortune Hi-tech Marketing) Review, Is It A Stable Opportunity
Written by Me MLM-er on May 1st, 2010Network marketing gives people the opportunity to work from the convenience of their homes and make money in the form of commissions, not only on the sales done by them; but also on the business done by the chain of people recruited by them. The FHTM program is one such opportunity that has a wide range of products for distributors to promote and a compensation plan to match.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 MLM Opportunity and see if it lives up to the hype.
FHTM – A Brief History
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
Minimum investment in this business is $299. You may have to pay more if you want your own business website. There’s also a mandatory requirement to purchase at least 3 FHTM products.
While the steep investment is a factor to consider before taking up the business, we also have to consider the compensation plan and see if the returns match the outlay.
At Fortune Hi Tech, you can earn through residual income as well as through bonuses. People at higher levels get to benefit more from residual income while new entrants are enticed by the attractive bonus and promos schemes. Earn between 2 and 25% of sales value as commission and get paid each time you recruit a new person.
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.
Competing companies
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.
Amway – This is one of the most popular network marketing companies and deals in a wide range of products. Amway’s products boast of excellent quality and it has a health and nutrition range that’s a direct competition. Taking up an Amway business may turn out to be more profitable because reps earn by selling products as well as bringing in people, while in Fortune Hi-Tech, distributors are compelled to keep recruiting people in order to make good money.
Earn Your Fortune With FHTM
Though it has its drawbacks, this is an established company and a legitimate business to take up. Most reps claim this to be a scam because they’ve not made much money in this business; but this may be due to their blinkered attitude. 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. An MLM lead is your key to interested customers and prospective recruits. To get this done, you just have to employ different virtual tools that can assist you in gathering leads. Try this out to expand your business and your team.
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