To scam is basically to defraud or swindle, usually with the purpose of making money
Using the above definition we will review ACN to determine if it is a scam or legitimate business proposition
Is ACN a Scam -A fraudulent Business Scheme ?
To fully address this we need to consider two key points. Firstly is ACN a legitimate Company and secondly is the ACN opportunity a legitimate business ? So lets take a look at the company.
ACN is a telecommunications business. ACN is an anacronym for American Communications Network. Founded in 1993 by 4 partners, ACNs goal is provide quality telephone and internet services at reduced rates
Currently operating in 19 countries ACN is one of the biggest telecommunications service suppliers on the globe. They have a global staff of over 1000 direct employees and have annual revenuesof over $500 million.
In its 15 year history the company has garnered a reputation as a stayer in a highly competitive marketplace and now has several services it offers to its customers including digital video phone, internet and in some countries other utilities
Is The ACN Opportunity a Scam ?
While there is no disputing the fact that ACN the company is not a scam, it is clearly a legitimate business, the question remains is the ACN opportunity a good proposition for the independent rep to make earn his fortune?
The ACN opportunity is a network marketing, telecommunications business. It operates utilising a traditional MLM system where sales reps can make money by developing personal customersand recruiting and trainingtheir own business team. We will discuss the pay plan in more detail shortly. First letssee what industry leaders have to say about the ACN opportunity.
Donald Trump recently endorsed ACN as a great company and real opportunity There is no disputing ACN is a solid, reputable company with a diverse, high demand product range that offers real benifit and value to consumers. More importantly, as a telecommunications business, ACN has a rapidly expanding and growing international market for their products and services meaning there is plenty of scope for new representatives to build a significant customer and representative gruop and make some real money.
ACN is a transparent company who offer total disclosure about all aspects of their operations. Customers are fully informed about service plans, fees and charges and have ready access to this information from several sources. Similarly, ACN opportunity business owners are given full details of how the business works with clearly documented information about all aspects of the business from start up costs to earning money. Detailed information and company training is offered about making moneyincluding how much you get paid, when you get paid and how to achieve bonuses.
So here is the deal, the ACN telecommunications business opportunity will cost you $499 to set yourself up to start earning money. ACN representatives can earn money in two ways. Firstly through monthly residual income based on their customers’ use of telephony services. This includes the ability to make bonuses through weekly Customer Acquisition Bonuses, called CABS. These are earned by assisting new team members get 6 connected long distance customers or 8 customers using any other ACN services.
An ACN reps residual income is based upon the total monthly billing of all their customers and the rep can qualify to earn between 2% and 8% of all the money they spend. They can also make money through residual override. Residual override runs seven levels deep meaning the rep earns a percentage of the total monthly billing of all the customers of their personally recruited downline. As your monthly customer billing increases so does thepercentage commission the representative earns.
In short the ACN compensation plan provides real potential to make money from the opportunity and the company provides excellent rep support through meetings and regular training sessions to assist reps grow their teams.
Our review clearly indicates that ACN is not a scam ACN is a developing international force in the provision of telecommunications services. It has an in demand product in an expanding market and presents representatives the potential to earn real money.
But are people making money with the ACN opportunity?
There are host of success stories of representatives that have grown rich through ACN but if there is one downfall of ACN it would have to be its marketing strategy. ACNs marketing strategy revolves around theold school methodof approaching your warm market, your family, friends and business associates. It sounds easy enough. Persuade the people you know to back you in your new business and save some money on your telephone bills in the process. There is no doubting the quality or integrity of ACN as a service provider so the average rep usually enjoys early customer aquisition success. The problem is that unless you are an extremely popular person with an extensive extended family and friend base your warm market exhausts itself very quickly leaving the average rep struggling to grow their business beyond a certain point. In saying that, if you can develop a number of ways of sourcing new leads you can build a big international client list and ACN has several reps with fantastic wealth success stories built around this company. Think about this, do you know anyone that does not have a phone?
So is ACN a good business proposition ?
The answer is a simple yes As mentioned earlier it has been endorsed by Mr Money himself Donald Trump. However the key to long term ACN marketing success or any mlm marketing success for that matter, is a consistent supply of fresh customers to talk to about your business. There is opportunity for great success with ACN but you need to employ modern marketing strategies to really build enough customers to make the business work. The difference between those who will make it to the top of the ACN MLM tree and those that won’t, is finding and using effective marketing strategies, strategies that put the odds of success in favor of the distributor.
Source by Chris Hopkins