Sep
10
2010
FHTM, Things To Know Before Joining
Author: adminFHTM, Fortune Hi-Tech Marketing, was initially launched in January of 2001 by Paul Orberson. The organization’s head offices are in Lexington, Kentucky, with annual sales exceeding $500 million
FHTM promotes its services and products utilizing a multi-level marketing design. This is a company that has been 100% debt free since its beginning. The company operates in the United States, Puerto Rico, Canada and the United Kingdom
FHTM utilizes popular services and products used by countless customers already. They have developed a process in which their distributors make profits for referring new clients to roughly 20 or so various partner companies.
The company’s founder, Paul Orberson, was a successful representative in his former network marketing company, Excel Communications, earning up to 1 million dollars a month. Distributors of Excel earned profits by getting customers to change out their existing telephone service for Excel. FHTM has this same idea inside its own business plan.
Products and Services Promoted
Inside FHTM you will find services such as cell phone, home telephone, hi-speed internet, auto clubs, travel clubs and home security systems. There are companies like T-Mobile, Alltel Wireless, Sprint, Verizon Wireless and Dish Network. And they also have product lines, including a nutritional supplement line, pet supplement line, beauty line, and a travel portal site where you can receive travel discounts.
FHTM’s Compensation Plan
A distributor receives a $100 dollar bonus for every distributor they bring into the business, as well as other overrides and bonuses as you move up the company ranks. Distributors build up residual income by earning 2-20% on reoccurring purchases. The plan does have a stair-step breakaway. This means that your best distributors will break away from your organization and you will need to be bringing more reps into the business to allow for attrition.
My Unbias Review of FHTM
Since 2001, Fortune Hi-Tech Marketing has been around, making it stable and established in the network marketing industry. With Paul Orberson’s proven leadership in the network marketing industry, the company does have a valuable resource with him. The services and products being offered through FHTM are in high demand and have millions of customers.
There are some negative aspects to consider. Although in high demand, many consumers already have phone plans and TV services in place, many with long-term contracts, which makes the idea of switching to a new service less attractive at times. Although, there appears to be a significance on training, many existing representatives have had to reach out to other places for additional training. Getting friends and family to join your business is the way FHTM teaches to grow your business. These marketing methods are still very relevant in today’s world of network marketing; however, with today’s technology, we are able to tap into the Internet and create relationships all around the world. And FHTM reps have been utilizing other tools and software to bridge this training gap within the organization.