ACN is a multi-level marketing firm that started out in 1993 as a reseller of long distance services. Since then the company has grown and expanded to include a variety of services, including everything from high-speed Internet to natural gas. ACN vows to help people save money on basic services while also helping them gain financial independence.
ACN is well known for having a relationship with Republican Presidential Candidate Donald Trump (1). However, the billionaire ended his association with the company when he announced his Presidential campaign.
The outlook of the company is uncertain. Even before Trump disassociated himself from the company, there had been some decline. The ability of ACN to remain in business for over two decades does say something about the success of the company, but it’s possible ACN’s best days are behind them.
Sign-up cost: $499
Global revenue: $800 million
The Good: Services offered a common and used by everybody; has won awards for direct sales and been endorsed by prominent businessmen (i.e. Donald Trump).
The bad: High startup cost; sub-par ratings from employees; lack of support for distributors.
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Products
ACN doesn’t offer products as much as they offer services. Most of the services offered by ACN are those that people already use. The list of services offered by ACN includes:
- Phone service
- Wireless
- Gas and electricity
- Merchant services
- High-speed Internet
- Home security and automation
- Television
ACN sells their services primarily to residences and small businesses. Like most communications firms, ACN offers a bundle of services that includes both Internet and phone provided by many of the top carriers. They also offer wireless phone services, and give customers options to choose from in terms of television provider and home security. ACN also acts as an energy provider, offering both natural gas and solar power to homeowners.
Businesses are also privy to similar services from ACN. Businesses may get their phone service, either landline or wireless, from ACN. Television and security are also options for businesses that need either one. A business may also get energy service from ACN, although solar does not appear to be an option for them. ACN also offers payment-processing services to businesses with a guarantee the business will save money.
Opportunity
ACN offers people the opportunity to run their home-based business. The company likes to refer to these people as Independent Business Owners (IBOs). Through ACN, these IBOs have a chance to sell common services that people already use for the chance to make residual income. At the same time, IBOs have the opportunity to recruit others to join their sales team.
According to ACN, IBOs are able to offer potential customers better value on services they already use, lowering their costs and perhaps even giving them a superior product. This is possible because the direct selling to customers by IBOs allows major carriers in the communications industry to bypass costly marketing and advertising.
The way the company is set up, an IBO will earn a percentage of the bill for every customers they sign up. Essentially, as long as a customer remains with ACN, the IBO that sold them the service is given a residual payment whenever that customer pays their monthly bill. The more services a customer is signed up to receive, the more the IBO earns.
The residual income of each IBO also grows when they sponsor others to join ACN, as you will earn a percentage of their earnings, as well as any people your sponsors also bring on board. This makes recruiting others to join ACN an important part of growing your personal business.
The Good
The publicity and endorsements ACN has received are a big deal, making one feel that the company is trustworthy and a place where one can succeed. In addition to a nearly decade-long relationship with Trump, ACN has been featured in many prominent magazines and newspapers, which again adds great credibility to the company. The A rating the company has received from the Better Business Bureau only works to confirm the positive reviews and endorsements from other sources (2).
As previously mentioned, the services that ACN offers and wants its IBOs to sell to customers are all common services that are practically basic necessities in today’s world. This gives IBOs the confidence that they can sell customers on ACN’s services, and in direct sales, having confidence in your ability to sell is essential. ACN also does a good job of providing support for its IBOs so that all they have to worry about it selling to customers and building their team.
The Bad
Of course, there are downsides to getting involved with ACN. At the top of the list is the start up cost of $499. This gets your foot in the door and undoubtedly gives you some of the best training available from any multi-level marketing firm. However, $499 is far higher than most MLM companies.
It can also be difficult to make large sums of ACN at the beginning of your time with the company. IBOs have to raise several levels up the ladder before the residual payments start to become worthwhile for the work you’ve put in. This requires bringing others into the ACN family and hoping that they are as dedicated and successful as you, which in a way takes your personal success out of your own hands.
It’s also important to note the lack of satisfaction of ACN employees with their own company (3). These bad reviews don’t come from IBOs and they’re certainly not the worst reviews a company has ever received from within its own walls, but they are enough to raise an eyebrow about how you may be treated, especially since you’ll start out as the lowest man on the totem pole on the periphery of the organization.
Recap
If you want to shoot for the stars and commit yourself to making large sums of money with a multi-level marketing, ACN may be among the best options available. It will certainly be a grind, especially in the beginning, but ACN does give its distributors the tools to succeed, and the number of prominent businessmen and publications to endorse the company back that up. If you believe you have the skills to succeed in a multi-level marketing company, ACN can help you get to where you want to be.
That being said, if you don’t have a lot of money to get you started or don’t want to put yourself in a deep hole right from the start, it may be hard to look past the high startup cost. If you have just a passive interest in joining an MLM, this company may not be for you. ACN is for geared more towards serious people striving for high levels of success who will stand up to deterrents. If this doesn’t describe you, there’s little reason for you to consider ACN.
via http://mlmcompanies.org/acn/
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