Bad News Review: Primerica Scam?
For those of you looking into the Primerica business opportunity, I’d like to shed some light on some important points and perhaps aid you in your decision to pursue their business or not. Chances are you experienced information overload the first time over, so I’ll briefly review their business and pick it apart to help you determine fact from fiction.
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 harness the power of the internet and begin marketing your business and your services for FREE. It doesn’t take a large investment to begin, just an investment of time. There are tons of way to not only market YOUR business but ANY business online and make BIG money. I’m willing to bet you liked the idea of Primerica because of the financial potential. Not too many people are passionate about financial services, but they are about money.
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
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