Primerica is one of the Network Marketing companies I was first introduced to back in the days. It’s good to know that they are still around and traded on the New York Stock exchange under the ticker PRI. Primerica’s CEO is Glenn J Williams at press time.
So they have an event called AALC which is focused on training their reps on how to better serve African Americans specifically. This is an event that started as far back as the year 2000. According to reports, the next edition of the event of the event is expecting about 3,000 reps. African Americans and diversity as a whole continue to become a massive driving force in the economy of any company in the United States.
In Primerica, you will have 2 types of reps. There is the common representative which makes up about 95 – 97% of the representatives population. Not just in Primerica, but in every MLM business.
Primerica is a company that uses the direct sales business model to distribute its products. This model involves a compensation plan that pays regular people for introducing the brand name to their existing circle of influence. The Network Marketing business model offers as average human being a chance to get into the entrepreneurship world.
Is Primerica a scam?
This question comes from fear. There is absolutely nothing abnormal with a little fear as cautionary measure. Let me show you an almost surefire way to see if a business structure is a scam, ponsi scheme or something you should avoid at all cost. If there are no real products being offered that people would pay for even if they were not involved in the income opportunity, then you most likely ought to run.
The investment minded representative is the driving force in Primerica and the other network marketing companies. In every 30 IBOs sponsored into Primerica, the desire needs to be 3 or less investment minded representatives who become the super stars. The rest of them are opportunity minded people. They are in it for exactly what they can obtain from the world and not exactly what they can provide to the world. This behavior is actually the norm and the very reason you might see some declaring the 95% failure rate in companies such as Primerica. It has absolutely nothing to do directly with success rate in the opportunity itself; but the entire profession wide.
The majority of people that joins a MLM opportunity such as Primerica were invited to a private business reception (PBR) by a buddy. They are typically people who work at day jobs without any business development duty. It’s as basic as, get the job done for 8 hours per day x 5 days a week and pick up a check 2 Fridays after. You simply pick up overtime hours if you require more cash.
Much like in countless other multi level marketing companies, a lot of Primerica representatives don’t make the effort to read their independent business agreement. By default, that agreement simply says if you sell, they will certainly pay you. It also states Primerica can terminate your account if they dim you or your business practices harmful to the company wide goals.
Success in the opportunity needs finding out some skills beyond exactly what Primerica may have provided for you. This is the point where we see the difference in between those in business for exactly what they can receive from the world versus how they can influence the world. This is where you find the difference in between the mediocre grumbling that their upline is not available to pamper them and the champions that takes total ownership in their destiny with Primerica.
As a representative, when marketing your Primerica opportunity, attraction marketing is what you need to adopt. I do believe you should launch a brand-new network marketing career to your existing circle of influence. After a launch, the next logical thing to do is to discover how to market and prospect like a PRO.
If you lead with the company brand in this times in marketing, the first thing your prospects will do is to Youtube browse your business opportunity name. If they do that without them being already convinced on working with you as a leader, they will either discover unfavorable things on the internet about your business opportunity or discover another upline in Primerica to work with.
One of the numerous reason why many fail in Primerica that you ought to avoid is pushing the company’s brand. Typically when I am talking with an MLM rep with regards to marketing, they see themselves tippy toeing through the business since they are scared of breaking the company policies. The only method to break the company rules is by using the company brand. That’s bad marketing for a Network Marketing representative anyhow. Therefore there is not a policy that should be relevant to your business practices.
When you search the search engines for Primerica reviews, you are probably not going to come across a great deal of truth. Google is simply another bathroom wall where individuals with all type of intentions can slap whatever information that they desire. Primerica as a company will be the best to supply you with legitimate company details and credentials. With respect to earning big in Primerica as a representative, it’s all in leveraged and active marketing and prospecting. There are no other short cuts around it. I recommend attraction marketing.