February 7, 2009
Is Primerica a Multi Level Marketing scam?
It seems to me that their main emphasis is to recruit more people to do the same thing they want you to do. That doesn't make sense to me, unless they are a pyramid scheme. I don't think it would be that difficult to find brokers or life insurance salesmen otherwise.
Lili2515, Please tell me more. I thought it was, but I need to convince my mom and brother.
Foster
Filed under Other - Advertising & Marketing by
Comments on Is Primerica a Multi Level Marketing scam?
There are a few things to remember with trying to decide on a MLM business. First, is there an upfront fee (usually anywhere from $200 - $500)? Second, is the primary focus getting as many people to join your team? Third, are you constantly told that you COULD make 1000's and 1000's of dollars a month? If you can answer yes to at least 2 or all of these questions, its a scam. There are some MLM's out there that aren't illegal but are very misleading and basically just want your upfront fee. These include, Quixtar, Amway, etc. And I must say that Mary Kay and Keller Williams Real Estate are very real and successful MLM's. For the most part, 75% of MLM's , legal or illegal, are just out to get your fees and the way they keep you on that "get rich high" is to pay people to send in videos of how they got rich.
Yes, it is an MLM scam. Avoid at all costs.
Yes - my daugher in law got into selling insurance for this company. She did a presentation for us and the numbers did not work. She went back to her supervisor and asked for an explanation and was told just to do the presentation and don't ask questions.
She stayed in long enough to get the speach 'if you start hiring people then we will make you a manager - the more you hire the more % you make of their wages…"