Network marketing industry leaders are buzzing about what just might be a Perfect Storm of Opportunity for home based business entrepreneurs…the launch of the Direct Sales arm of FamilyIQ. For that reason, and the impending hype that is sure to come, I wanted to write this FamilyIQ Review. This way you’ll have all the goods to decide if it’s the right business for you.
We are at a time in our economy where the MLM business model just doesn’t work for most people anymore (I agree with that sentiment even though I do work an MLM as a secondary business to build residual income). People need money NOW to pay their bills and get through these tough times. It’s not good enough anymore to build an MLM part-time and have to wait 1-5 years before you can start earning a 5-figure monthly income.
Who Is Family IQ?
FamilyIQ, based in California, was founded 10 years ago by Mark Hobbins and offers state-of-the-art family skill building tools to treatment programs and therapists who wanted to improve family relationships. Over the last decade, FamilyIQ has provided its content, tools and technology available to not only the therapeutic community, but also to large employers and wellness programs who likewise are dedicated to improving families. They’ve also been featured in People Magazine, CNN, and the Dr. Phil show.
Today, in an effort to reach the general public, FamilyIQ has changed its model to a direct-to-consumer business model. All of the current business that comes to FamilyIQ (now measuring over 50,000 visitors) will now be referred to FamilyIQ home based business owners.
The FamilyIQ Compensation Plan
This is what seems to set FamilyIQ apart from their competition in the Top-Tier, Big-Ticket direct sales industry. Most other direct sales companies use a 1-Up compensation model. That means that your first sale goes to your sponsor. The 1-Up model worked will in better economic times when it was easier to sell $3000+ business opportunities.
The cost to join FamilyIQ is a well-priced $1495 with $495 going to the company and $1000 going to to the sponsor. This means that you make $1000 right away with your first sale! So, how is teamwork fostered with this comp plan? Because they are providing their distributors with a leveraged override 9 levels deep. While the amount of override ranges from $50 down to $24 and may seem small, those of you who have been around awhile know that this passive income can really add up.
FamilyIQ appears to not be a scam. It’s a well respected company offering a unique product where there’s already proven to be a demand. Sure, the start up cost will be out of reach for some but it’s lower than most of it’s competitors and provides a very attractive comp plan that will attract many top marketers. One of them already onboard is Rod Stinson. He wrote the comp plan and helps everyone sell with a Professionally designed Marketing System in addition to providing training and twice weekly webinars that will help "close" prospects. Since I am a believer that people aren’t duplicatable but system are, I think that starting out with a system in place will help more people make money that would be typical.