Review Of Fortune Hi-tech Marketing
What is Fortune Hi-Tech Marketing
More popularly known as FHTM, Fortune Hi-Tech Marketing's claim to fame seems to be its vast spread of products. They have everything ranging from weight control products, satellite TVs, health and wellness products, long distance phone calls, cell phones, and a lot more. Unlike any other typical marketing company, this one aims to sell all at once, and while that may be a great solution for someone looking for a one stop answer, their business model has also raised some suspicions. As the famous saying goes- too many cooks, spoil the broth. Let us also add- too many dishes tend to ruin a meal.
To add fuel to the flame, there have been recent reports of this company being a scam. And what's more, the reports are being generated from insiders.
FHTM's Business Model
The business model is very similar to any other network company, where someone introduces you to the system and in turn you build a network. For a start you need to refer three people to the system and if they manage to persuade other people to join in, you earn from that. In addition, people that are recruited by you will be referred to as your downline. The business model of the company is based on the idea that that anyone, regardless of education, experience or current financial situation, can achieve his /her financial goals in life by becoming an FHTM business owner. In fact the objective of the company is very similar to Amway. The most optimistic fact about Paul Orberson's company is that FHTM was started as a 100% debt free company and has maintained that status since its launch whereas; most of the networking companies operate under gross deficiencies,
Business Program
Fortune Hi-Tech Marketing came up with a strategy to assemble Fortune 500 companies which offer multiple products and services which are utilized by mass population on everyday basis. This business plan allows independent representatives to earn passive income on the services already being used by consumers. Majority of the consumers are paying for cellular phone service, satellite TV and Internet service every month and FHTM's aim is to persuade consumers to keep using these services and get a percentage of it back every month.
Marketing and Pay Plan
Most network marketing programs would give you products, training, and would leave you to yourself to sell what has to be sold. While that is the typical situation, Fortune Hi-Tech Marketing offers something else. With FHTM, you only sell through the internet and unlike most network marketing companies, which would give you more opportunities based on the more people you recruit, the business program of FHTM employs the "Stair Step Breakaway Program "; when people in your organization perform as good as you, they break away leaving you with no option but to recruit more people. Ouch!
Issues Related to Scams
If you are able to join the organization and manage to recruit other people, then you are eligible for a 2% commission for all the products that get sold through your network. But sources reveal that the commission structure is imprecise and usually people at the top do not get the amount of commission as promised by the company.
The Training Engine
While the company comes with its membership and at times even product troubles, one of the greatest benefits of FHTM has been the internet marketing strategy that the company provides. Nonetheless, it mainly teaches its distributors to focus on promoting the business and not themselves, which is a major blow to people looking to establish themselves as leaders and as desirable sponsors.
Although FHTM has a bouquet of products for the distributors to sell and make money from, but it lacks the refinement in its training programs. There is a prospect for the company to advance and modernize its training program which in turn can optimistically affect the sales abilities of its members and hence add more profitability.
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