First of all, Primerica isn't a job. Its a business opportunity. That means you are your own boss, have the ability to earn unlimited income, and build your business as large as you want. Business owners don't get paid a salary, they get paid commissions from profits they earn. If you meet any business owner and ask them how do they pay themself, they would say they take a cut from the profits they made. There are no quotas to meet and you work at your own schedule. Many Primerica reps choose to work part-time while keeping their full time job. There's also many who choose to work full-time. What you want to do is up to you.
Here are the benefits of owning a business:
1) Low overhead cost. Only $99 needed to start this business. The $99 covers your state licensing requirements which includes a 2 or 4 day licensing school, textbook and study guide to pass your state life insurance exam, your Series 6 & 63 exam, and mortgage certification. If you were to get all these licenses on your own, the life insurance license will cost you at least $300, Series 6 & 63 will cost additional $400-$500, and mortgage certification will cost another $100-$200.
2) No rent.
3) No equipment to buy other than a pen and a notepad.
4) No salary or wages to deal with. All paychecks are handled by the company.
5) No status quotas to meet.
6) Great way to earn some extra income.
7) No need to quit your full time job.
8) You create your own schedule.
9) No boss. Only coaches and mentors to help you build.
10) You are allowed to recruit people.
11) You can earn passive and residual income.
12) You can make overrides. An override is money you make off of other people who helps out other people.
13) You have a huge market. No one is helping middle income families except Primerica, which represents 95% of the American population.
14) Financial education.
15) Unlimited income potential
16) Tax benefits
17) Company trips
18) Equal opportunity.
19) Company support system.
20) You have ownership.
As a Primerica representative, you will helping and educating families how money works. You will help them save money, eliminate debt, and build wealth for retirement. Also you will be developing people to become business leaders so that they can eventually own their own business.
If you like helping people and making money, then you should take a look at this opportunity.
You have to understand the basic problem, why 95% of people who ever try MLM fail (and go usually into deep minus....). It's because they try to sell rubbish! Honestly, which product offered through MLM channel had at least reasonable price/quality ratio? None!
Primerica's products have several drawbacks, like:
-'one size fits all' means, you have only little space to maneuver when choosing the right policy
-Primerica's term insurance policies are very expensive. (follow link for details)
-Primerica's term policies are non-convertible
-Primerica is the only insurance company that encourages its advisors to work part-time. Devoted expert has different quality than weekend seller...
-Primerica employs a captive sales force
Naturally, there were, there are and there will be peolpe who can make nice money participating in MLM scheme. But you need guts to sell overpriced low quality products to a bit naive people...your choice
Primerica job is not really a job in the sense that you do not get a regular paycheck. It is essentially a multilevel company in which the focus is on recruiting. You get paid when you get a new recruit to join the company. They pretend to sell insurance and mutual funds, but MLMs do need a product to sell.
I personally have been asked to work for them and have been to their interviews. More or less they will take anyone. Because anyone can sell their insurance, investments and everything else that involves financing. The reason I did not accept their job offer is because its a soul commission job. You have go through their training which is 90 days or more with out pay. And you have to buy your reading and test material. Which is not a good idea.
WHY! Because lets say you invested 90 days of time for training without pay. And you payed out of your pocket for the books and educational material. After those 90days. They put you to work in on your own and you find yourself "I cant sell a Insurance". GUESS what your out of a job and you wasted your time and money. Because you cant sell their investments.
When you go to the interview if you haven't already they will tell you everything you want to hear and make it sound good, because remember they are salesmen too. And they want people to sell their investments to other people. If know, and have previous sales experience then things may work out better for you.
I personally turned down the offer because I have never done sales before. And to work only on commission to make a living is not something I was willing to invest in, I needed a guaranteed weekly pay.
You dont sell you dont get a pay check = Sucks ***.
Carl's responses is right on. You cannot really rely exclusively on "commissions" in order to pay ongoing survival expenses, such as rent, car payments, health insurance. That's why many of us are seeking a primary "permanent" full-time jobs that we can expect payment for services rendered on a biweekly basis or whatever. Secondary "commission" type jobs as supplementary income would seem worthwhile, however.
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First of all, Primerica isn't a job. Its a business opportunity. That means you are your own boss, have the ability to earn unlimited income, and build your business as large as you want. Business owners don't get paid a salary, they get paid commissions from profits they earn. If you meet any business owner and ask them how do they pay themself, they would say they take a cut from the profits they made. There are no quotas to meet and you work at your own schedule. Many Primerica reps choose to work part-time while keeping their full time job. There's also many who choose to work full-time. What you want to do is up to you.
Here are the benefits of owning a business:
1) Low overhead cost. Only $99 needed to start this business. The $99 covers your state licensing requirements which includes a 2 or 4 day licensing school, textbook and study guide to pass your state life insurance exam, your Series 6 & 63 exam, and mortgage certification. If you were to get all these licenses on your own, the life insurance license will cost you at least $300, Series 6 & 63 will cost additional $400-$500, and mortgage certification will cost another $100-$200.
2) No rent.
3) No equipment to buy other than a pen and a notepad.
4) No salary or wages to deal with. All paychecks are handled by the company.
5) No status quotas to meet.
6) Great way to earn some extra income.
7) No need to quit your full time job.
8) You create your own schedule.
9) No boss. Only coaches and mentors to help you build.
10) You are allowed to recruit people.
11) You can earn passive and residual income.
12) You can make overrides. An override is money you make off of other people who helps out other people.
13) You have a huge market. No one is helping middle income families except Primerica, which represents 95% of the American population.
14) Financial education.
15) Unlimited income potential
16) Tax benefits
17) Company trips
18) Equal opportunity.
19) Company support system.
20) You have ownership.
As a Primerica representative, you will helping and educating families how money works. You will help them save money, eliminate debt, and build wealth for retirement. Also you will be developing people to become business leaders so that they can eventually own their own business.
If you like helping people and making money, then you should take a look at this opportunity.
2
You have to understand the basic problem, why 95% of people who ever try MLM fail (and go usually into deep minus....). It's because they try to sell rubbish! Honestly, which product offered through MLM channel had at least reasonable price/quality ratio? None!
Primerica's products have several drawbacks, like:
-'one size fits all' means, you have only little space to maneuver when choosing the right policy
-Primerica's term insurance policies are very expensive. (follow link for details)
-Primerica's term policies are non-convertible
-Primerica is the only insurance company that encourages its advisors to work part-time. Devoted expert has different quality than weekend seller...
-Primerica employs a captive sales force
Naturally, there were, there are and there will be peolpe who can make nice money participating in MLM scheme. But you need guts to sell overpriced low quality products to a bit naive people...your choice
more about primerica quality:
http://lsminsurance.ca/canadian/term-life/primeric...
Primerica job is not really a job in the sense that you do not get a regular paycheck. It is essentially a multilevel company in which the focus is on recruiting. You get paid when you get a new recruit to join the company. They pretend to sell insurance and mutual funds, but MLMs do need a product to sell.
I personally have been asked to work for them and have been to their interviews. More or less they will take anyone. Because anyone can sell their insurance, investments and everything else that involves financing. The reason I did not accept their job offer is because its a soul commission job. You have go through their training which is 90 days or more with out pay. And you have to buy your reading and test material. Which is not a good idea.
WHY! Because lets say you invested 90 days of time for training without pay. And you payed out of your pocket for the books and educational material. After those 90days. They put you to work in on your own and you find yourself "I cant sell a Insurance". GUESS what your out of a job and you wasted your time and money. Because you cant sell their investments.
When you go to the interview if you haven't already they will tell you everything you want to hear and make it sound good, because remember they are salesmen too. And they want people to sell their investments to other people. If know, and have previous sales experience then things may work out better for you.
I personally turned down the offer because I have never done sales before. And to work only on commission to make a living is not something I was willing to invest in, I needed a guaranteed weekly pay.
You dont sell you dont get a pay check = Sucks ***.
Carl's responses is right on. You cannot really rely exclusively on "commissions" in order to pay ongoing survival expenses, such as rent, car payments, health insurance. That's why many of us are seeking a primary "permanent" full-time jobs that we can expect payment for services rendered on a biweekly basis or whatever. Secondary "commission" type jobs as supplementary income would seem worthwhile, however.
Good luck!
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