anyone work in a financial service busiess?

 

I've heard of this primerica....arent they tied to prepaid legal??? I tried asking questions about this before but no one answered me....

 

ya we do prepaid legal as the smallest part of our business... we also do very low cost term life insurance, mutual fund savings accounts, and we do a true bi-weekly loan to pay peoples houses off 10-15 yrs sooner on an average 30 yr mortgage and save them about $100K in the process..

 

Are you really making money off of this? Is this a legitimate business? Is it stable? Is it easy to get into and start making money? The guy that told me about it had a $90,000 vehicle and was telling me that prepaid legal was all he does. And he can afford anything he wants. I didn't believe him...Need to tell me more.

 

well its not the easiest business... its simple but it will be the hardest thing u will ever do..u have to think long term.. but when theres 59 millionaires and over 2500 people making anywhere between $100-999K. primerica is the largest financial group in north america backed by citi the largest company in the world... on a totally unrelated subject what car was the guy driving? as far as stable, it will only be stable if u build wide enough but it all depends as how u see stable.. it is legit and u can start making money as soon as about30 days

 

Primerica is an MLM. Let's get that out on the open right away.
Now, with that said, MLM is not a bad thing. There are many MLM's out there, many not worth a damn thing, and a few that actually are legitimate opportunities.

Some things to remember when looking at MLM's is:
1) Research...ALOT! Do not take opinions from someone trying to sell you something. Research on the internet and before you take someones opinion as fact research that too.

2) Become part of a company that provides a service or product you truly believe in. Your future clients will see right through you if you dont.

3) KNow your market. Is it a business that is in demand?

Just a few things to help out. I have been involved with an MLM by the name of Advocare for many years now and consider it a blessing everyday.

Before I found such a great company though I had to sift through alot of "turkey" companies.

Just do your research and follow the points I made above.

A word of caution though. If a company pays you for every person you recruit and not soley on product or service consumption beware....I can't state that enough.

Other than that MLM these days can be a very good thing. I have been approached by many MLM groups over the years and I knew the system worked it was just a matter of finding the right company.
Best of luck!

 

hmm.....i dont trust this stuff at all......

 

well we dont get paid on recruits we get overwrites on their production for training them.. with that said i agree alot of bad companies.. but we provide mortgage life insurance and savings plans.. i believe in this im full time.. whats advocare? but definatley research, but not so much forums because anyone can say anything..

 

As with anything you should follow your gut when making decisions. But there are a few companies out there that are very real and good opportunities.

 

I got a friend who makes pretty good money on MLM.
But the thing is for every one guy making 100k, there's 100 people losing 1k a year.

MLM = pyramid scheme 90% of the time

a business has to make like 60% of it's revenue from non-members to NOT be considered a pyramid scheme. If you don't generate that 60%, your kicked out. So if you want to stay in, guess what?... you fake the outside sales as long as you can.

Oh... and you MUST drink the cool-aid, (i.e. never show skepticism)