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In Reply to: Insurance Agent earnings posted by More Effort = More Pay on August 21, 2003 at 11:50:57:
Recruiting - "from a business point of view it's a good concept"????
NOT!
Do you build a company's reputation by having any warm body you can con into paying $199 peddle insurance, or do you look for those who will present your products and services in the best possible light? The latter if you want to be an insurance company on the order of NY Life and others in the life field, or if you want to emulate the Amica Mutuals or Cincinnati Companies on the P&C side.
The former if you want to be the Amway of the insurance business.
MLM is a failed business model. It is NOT taught at ANY business school. Get over it.
It seems people harp on what PFS agents earn. My question is what determines how much any agent earns, anywhere?
: To me to seems people are looking at the business from an emotional point of view rather than a business point of view. Citigroup knows that PFS is a distribution machine. That's probably why Sandy bought them.
: Citigroup has the products, and they can just plug them in as needed. The senior market is a market ready to explode, and who else is in place to hit that market running. People are changing jobs more often, and with the next influx of jobs to hit the market place people will need guidance. Primerica has the system in place and it works. As the market dictates, Citigroup and Primerica will adjust to the market and competition.
: Some people have a problem with recruiting, but from a business point of view it's a good concept. It's all about distribution, if you don't see it, that's great, I do. Sell and build that's the key to business. You win some and you lose some. That's business.
: Also for all you agents trying to raid Primerica, I understand, but I don't see how people put down recruiting yet go to Primerica to recruit their agents. You and I know the benefit of bagging a RVP, or potential RVP. This is big business.