Primerica Business Scam? Read the Bad News
For anybody giving serious thought to Primerica’s business opportunity, I’d like to make some important points and help you determine whether or not they’re a suitable match for you. I wouldn’t be surprised if you experienced information overload the first time you heard about their business so I’ll briefly discuss what they are and analyze the important parts.
First of all, Primerica is a financial services company that assists families with money management. They offer their services through hundreds of thousands of independent representatives. Their services include term life insurance, mutual funds, variable annuities, loans, long-term care insurance and pre-paid legal services. Currently, Primerica’s customer base is in the millions. Their representatives are compensated based on a multi level marketing structure.
When you become an independent business owner and begin offering friends and family your services, you earn income from the services that they pick up. Typically, Primerica teaches its representatives to begin soliciting to people they know, and then to ask for referrals. No referrals, no more business. There are alternatives of course, such as marketing through the various outlets available to business owners today, but that can become costly.
Like any other mlm opportunity, everything begins with your “warm market”, which includes people you know and people THEY know. Your success is very dependent on the size and quality of your warm market, since they are the ones you’re offering your services to. The problem with this is that if people in your warm market were truly concerned about their finances they would have ALREADY found professional help. In other words, they aren’t LOOKING for you services. It would be much easier to find individuals who NEED what you have to offer, but you need to learn how to find those people.
Furthermore, when you are able to build a business around these services and recruit others to do as you do, you want to be in contact with individuals who WANT to own a business of their own. Talking to your friends and inviting them to presentations and hoping they see what you do is not the way to do this. Not everyone’s circle of friends is filled with ambitious opportunity seekers.
Instead, you can leverage the power of the internet and attract the type of people you WANT to work with, and do so without spending a dime. It doesn’t take a lot of money, just an investment of time. There are countless ways to market a business online and earn serious income. I would imagine that the idea of Primerica interested you not because you were passionate about financial services, but instead were intrigued by the idea of financial independence.
If you want to learn how to market your business online, or any business for that matter, and start making money, then you need to take a look at the profit lance system. It teaches individuals the fundamentals and basics of marketing on the internet WITH or WITHOUT a product. Whether you have a product or services to offer, or not, it doesn’t matter. People have already done the work in creating their own products and many of them are willing to compensate you for selling it. The bottom line is that there’s a lot of money to be made on the internet, and as a business owner or potential business owner, you would be crazy not to consider the possibilities.
Profit lance may or may not be what you are looking for, but maybe it is. I hope this article has been of some assistance, and if not I hope it was entertaining.
I wish you the best, Joe Marquez