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re: Primerica: full time income

Posted on 4/30/21 at 4:11 pm to
Posted by jkylejohnson
Louisiana
Member since Dec 2016
14512 posts
Posted on 4/30/21 at 4:11 pm to
You should totally do this. Go ahead and quit your current job like this tomorrow.

Posted by mattz1122
Member since Oct 2007
55682 posts
Posted on 4/30/21 at 4:15 pm to
This seems like a great opportunity to own your own business!
Posted by Lickitty Split
Inside
Member since Apr 2017
4120 posts
Posted on 4/30/21 at 5:36 pm to
Man that dude was a tool in high school. I’m not a fan of taking advantage of little old ladies.
Posted by meansonny
ATL
Member since Sep 2012
26044 posts
Posted on 4/30/21 at 7:47 pm to
I get everyone knocking it as a pyramid scheme.

But any agency is a pyramid scheme.
Real estate agents
Insurance agents
Sports agents

The problem with Primerica as i know it is that the product isnt good.
That is a different problem than just being an agency model.
Posted by Ric Flair
Charlotte
Member since Oct 2005
13868 posts
Posted on 4/30/21 at 8:01 pm to
I always thought that the internet would kill all MLMs/pyramid schemes. I figured the open and researchable information would dissuade people from joining. Apparently Instagram is the new version of the old Mary Kay “pink Cadillac “.
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5515 posts
Posted on 4/30/21 at 8:59 pm to
quote:

What year is it?


I dont think I would like selling insurance, but it looks like investing in the company might pay off.


This post was edited on 4/30/21 at 9:02 pm
Posted by MrFahrenheitDontLie
Baton Rouge
Member since Nov 2015
272 posts
Posted on 4/30/21 at 10:28 pm to
Yes! Striking while the iron is hot indeed! & from the looks of this chart, the stock price is going up which is a positive sign of things to come! Also, everyone can use insurance, so that seems like something that can really sell itself!
Posted by The Torch
DFW The Dub
Member since Aug 2014
27878 posts
Posted on 4/30/21 at 10:45 pm to
quote:

everyone can use insurance


You are right but not everyone can make a living selling it:

" They will get you to sign up all of your friends and family while you are working on getting your license. Once you figure out you can't make a living and give up they keep your friends and family on the books..."

This is what they do along with every other company like this
Posted by jcaz
Laffy
Member since Aug 2014
18813 posts
Posted on 4/30/21 at 11:34 pm to
I remember when Vector Marketing called me at 18 and said a guy I barely knew from high school recommended me as a good fit. They wanted me to schedule and interview so I said sure.
Did my research and saw it was the cheap cutlery gambit and called them back and laughed as I told them to lose my fricking number.
Posted by ChickennBiscuits
San Francisco
Member since Nov 2019
360 posts
Posted on 5/1/21 at 12:45 am to
quote:

But any agency is a pyramid scheme.
Real estate agents
Insurance agents
Sports agents


Real estate agents make money by selling real estate; not by recruiting other agents for their downline. Same for all legitimate insurance agents.
Posted by Pechon
unperson
Member since Oct 2011
7748 posts
Posted on 5/1/21 at 12:49 am to
quote:

Primerica


Are you fricking retarded?

It's another MLM. Don't bother with it.
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
6635 posts
Posted on 5/1/21 at 6:21 am to
quote:

meansonny



I’m not sure you know the definition of pyramid scheme.
Posted by tgrmeat
Member since Sep 2020
5683 posts
Posted on 5/1/21 at 6:55 am to
Damn! This thread has me feeling terrible about myself. About 25 years ago at age 23, I answered an ad of theirs and went to an “interview.” Seems like I took some kind of personality type test. I was ultimately told I wasn’t a good fit. What kind of loser does that make me that even a MLM scheme didn’t want me?
Posted by meansonny
ATL
Member since Sep 2012
26044 posts
Posted on 5/1/21 at 7:36 am to
quote:

quote:
meansonny


I’m not sure you know the definition of pyramid scheme.


Teach me.
I'm happy to provide examples with your definition.
Posted by TheFonz
Somewhere in Louisiana
Member since Jul 2016
22799 posts
Posted on 5/1/21 at 7:43 am to
Posted by cajuntiger1010
Member since Jan 2015
13899 posts
Posted on 5/1/21 at 7:49 am to
They tried to scam me as well, They will pressure you for your contacts if you aren't interested.

They do it under the disguise of "helping" families when in reality they are just scamming your friends and families to make the top richer.

I think Drew Allemand is in this business lol
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
6635 posts
Posted on 5/1/21 at 7:58 am to
A pyramid scheme, by definition, makes more money from recruiting people to sell, than the actual selling of products.
People who sign up usually have to pay to join.

Amway and Herbalife are two examples.
They make more money signing up sellers than they do off their products.

Can’t believe I had to spend three min of my life doing something for someone google could have easily done.
Posted by meansonny
ATL
Member since Sep 2012
26044 posts
Posted on 5/1/21 at 8:05 am to
quote:

Real estate agents make money by selling real estate; not by recruiting other agents for their downline. Same for all legitimate insurance agents.


Real estate agents often work in a team with a senior agent. The jim bob team.
The jim bob team works for an agency. The keller williams of athens agency.
The keller williams of athens agency was franchised by keller williams corporate.

It all flows upstream.
Are there keller williams real estate agents that work alone? Sure. But they have every right and power to hire subagents. If they choose not to, then they choose not to.

Insurance agents are the same way. Bob Jones is an agent at allstate. He can hire his own subagent and service rep. He works for an agency called AllState Duluth which has a head agent. That head agent franchised with an allstate recruiter through corporate.

I dont list mortgage companies in this same fashion because they are w2 employees (in georgia). Not 1099 contractors like realtors and insurance agents. That said... you have a franchised or branched location with a vp of sales. He hires out 10 sr loan officers who create their own sales team underneath them. You still get the same pyramid upflow income stream.

The reason why insurance reps, realtors, and mortgage professionals dont get the same awful reputation (they get an awful reputation. Read these boards and it is hard to deny. Trust me... just not the same reputation as selling vitamins/energy drinks/amway) is because they are more often than not trained better. And more often than not, better qualified when hired. And their products are socially accepted to be sold in this fashion. Primerica reps are licensed and trained. They probably are not as qualified when hired as other insurance companies (probably because they have a different sales pitch with a different target clientele than most other insurance professionals). But there are excellent primerica agents in the community. They may only be in the 5% of their company because the company throws so many bodies against the wall that most shouldnt work out. Whether that good Primerica rep hires people below him or not is his choice. They dont always do that either (like individual realtors working for an agency or individual insurance agents working for an agency).
This post was edited on 5/1/21 at 8:08 am
Posted by meansonny
ATL
Member since Sep 2012
26044 posts
Posted on 5/1/21 at 8:06 am to
quote:

makes more money from recruiting people to sell, than the actual selling of products.


Youre the expert. How much does it cost to sell herbalife?
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
6635 posts
Posted on 5/1/21 at 8:14 am to
By your definition above, any business with a boss in sales who generates revenue by others selling is a pyramid scheme, and that’s retarded.

$60 or so to start selling Herbalife.
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