Re: Primerica: Why it's just anyother Multi-Tier Marketing Scam

Subject: Re: Re: Primerica: Why it's just anyother Multi-Tier Marketing Scam

Comments:
: Thank you for your opinions. I have questions and comments. : A: "it's a lot harder then it seems - I believe it! Building a business is hard work. I grew up in a family business." : B: That money may or may not be there forever - : This absense of money refers to what? The economy, Primerica's ability to pay commissions, no persons to be recruited, etc. : No business lasts forever because of competition, bad leadership, bad management, faltering market demand for products. : Please be specific in your remarks about the money does not last forever. : : C: "Don't rush to sign your own family up, sign up strangers first and see how hard it is." : Ok go for strangers and test the waters. : : D: "There will always be a huge drop out rate and while you may have made a $100,000 by recruiting x amount of people... it's really cheap change compared to the money Primerica made off of you and it's short term money in that eventually you won't be able to find new recruits and/or new people to sign up for their finanical programs. : So what happens at this point is the pyramid collapses bottom up and eventually you will find yourself having no recruits to capitalize on and be forced to drop out yourself." : What are the specific reasons or causes for "... eventually you won't be able to find new recruits and/or new people to sign up for theri financial programs."? : The economy, Primerica's ability to pay commissions, no persons capable of doing the busiesss, etc. : No business lasts forever because of competition, bad leadership, bad management, faltering market demand for products. : E: "... new people to sign up for theri financial programs." : What would stop new people from signing up for the financial programs offered by Primerica and Citi Corp? : Do you have specific evidence about the QUALITY of the financial products the Primerica offers: annuities, Smart Loan, term life insurance, IRA accounts, mortages : Please send links to your sources. : F: I was not asked to pay JOINING fees. Except perhaps charages for services from Primeria's for business services like telephone servce after a year of being an Independent Busiess Agent. The other fees were for state licensing for insurance agent, securities license, and mortage lisence. : So what JOINING fees are being refered to by some of the respondents to you website content? : : G:"...eventually you will find yourself having no recruits to capitalize on and be forced to drop out yourself." : You can still sell Primerica/Citi Corp financial products. But this sales activity may not bring as much money as overrides on sales by your reduced team or hierarchy. : Do you have evidence that selling Primerica/Citi Corp financial products is not a way of earning a living? : : Thank you for your thought provoking comments. I trust that you responses will be up to the quality of your integity and throughness. : : QUICK SUMMERY: JUST ANOTHER SCAM!! DON'T DO IT!!, DONT SIGN Up!! IF ITS TOO GOOD TO BE TRUE... IT IS!! : : Ok heres some logic. Suppose I tell you that if you sign your family up with my insurance policy I'll give you $1500. That is precisely what Primerica is. : : They beat around the bush, throw facts and figures but really what they are looking for you to do is sign your family up with their financial programs. : : Fact is that if you invest $10,000 for someone for 25 years with the S&P500 index (14%). It will roughly inflate to $260,000. Your program offers to pay them %12 a year (which is a lot more then what your bank will do) they will make $170000. That means that Primerica made roughly $100,000 doing business with you. So of course they can pay you $1,000 - $2,000 as a sign up bonus. : : Now lets take it a step further. From what I've heard (I left in the middle of the lecture) they want you to recruit 3 people by doing so making $3000 off their labor. THATS IF THEY LABOR. Now suppose you find 3 people, you have to make sure they recruit 3 people a piece so that you can collect $15000 a month. However, you now have 9 people at the bottom of the pyramid who all wish to be making commission off other people laboring. : : FACT IS THAT THERE WILL ALWAYS BE MORE PEOPLE AT THE BOTTOM OF THE PYRAMID HUNGRY TO SIGN PEOPLE UP. : : There will always be a huge drop out rate and while you may have made a $100,000 by recruiting x amount of people... it's really cheap change compared to the money Primerica made off of you and it's short term money in that eventually you won't be able to find new recruits and/or new people to sign up for their finanical programs. : : So what happens at this point is the pyramid collapses bottom up and eventually you will find yourself having no recruits to capitalize on and be forced to drop out yourself. : : I can show you facts and figures but it's all in the works. I'm currently working on a site bashing Multi-Tier Marketing. Primerica, Marker America, etc.. : : Feel free to contact me. I left my contact details in this thread and don't hate me cause I differ in opinion. Fact is I'm trying to do you a favor by pointing out some not-so-obvious flaws. You may make some money using this program but remember: : : A: it's a lot harder then it seems : : B: That money may or may not be there forever : : C: Don't rush to sign your own family up, sign up strangers first and see how hard it is.

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