Fifth Avenue Collection is more than just a jewelry company. It is a blossoming franchise that is creating entrepreneurial opportunities for people. In its two decades of existence, Fifth Avenue Collection has risen from being a small family business to a social selling giant with a business breath that spreads over Canada, The USA, Australia, Hong Kong, and South Africa.
Fifth Avenue Collection is one of the finest multi-level-marketing(mlm) company you would ever see. Its compensation plan is very generous and its business workings is not hinged on affiliate recruitment. But is Fifth Avenue Collection good enough for investors?
One of the first things to look out for when deciding whether or not to invest in an MLM company is the company’s early life momentum. The younger, the better. With a young company, the chances of earning are higher because the early adopter spaces are still vacant. Fifth Avenue Collection is two decades old and has lost its business momentum. As such, Fifth Avenue Collection has a very low-income potential.
In the mlm business world, high ranking investors with large teams of personally recruited affiliates and a large sales volume makes most of the money. In fact, funds gotten from new investors are funneled towards them in terms of commissions. To enjoy these commissions, an affiliate has to be in the race early enough. With over thousands of investors already, investing in Fifth Avenue Collection might be an act of making money for some few high ranked investors.
Moreover, the jewelry niche market is already clogged. Alternatives and competition abound. What this implies is that there is a lot of work to be done as a direct selling affiliate to convince people who already have trusted brands they bank with. The fact that Fifth Avenue Collection’s products are expensive does not help too.
The reticence of Fifth Avenue collection cannot be overlooked. The company is close-mouthed about its income. On its website, Fifth Avenue Collection does not disclose if it has alternative sources of income apart from sales generated by investors. Also, there is very little information about the company’s compensation plan on its website. Investors would only get to know about the compensation plan upon signing up. This omission is unforgivable.
Although affiliate recruitment is understated and is not a major requirement to earn, it is still a networking necessity. Apart from sales commissions, affiliates receive monthly bonus cheques for building a team of affiliates. Also, there is a certain amount of training to be received as a new affiliate from other investors. This further accentuates the already subtly incentivized need for team building and affiliate recruitment.
From the little information Fifth Avenue Collection gave on its website, it could be gathered that its compensation plan is generous. Also, affiliates have access to trainings that helps them navigate the waters easily. There is also no kind of advertising fees or franchise fees. Yet the downsides of this company cannot be overlooked. It would be wise to ply other investment routes.
