Thursday, August 28, 2008

Bad News Review: Primerica Scam?

By Joe Marquez


For anybody giving the Primerica business opportunity some serious consideration, I'd like to provide you with an unbiased review of their business and help you in your decision making. If you have stumbled across this article you are clearly doing your due diligence in researching the company so I'd like to help you find what you are looking for.

First of all, Primerica is a financial services company that assists families with money management. They offer their services through hundreds of thousands of independent representatives. Their services include term life insurance, mutual funds, variable annuities, loans, long-term care insurance and pre-paid legal services. Currently, Primerica's customer base is in the millions. Their representatives are compensated based on a multi level marketing structure.

When you join Primerica and put yourself in a position to offer their services to people you know, your journey begins. You're taught to first target friends, family, and acquaintances and try to get them to pick up one or more of your services. From there, you ask for referrals and simply repeat. Without referrals, you have nobody to offer your services to and your business ends. There are ways to market to the public and use marketing to grow your customer base but Primerica doesn't teach those methods.

Like any other mlm opportunity, everything begins with your "warm market", which includes people you know and people THEY know. Your success is very dependent on the size and quality of your warm market, since they are the ones you're offering your services to. The problem with this is that if people in your warm market were truly concerned about their finances they would have ALREADY found professional help. In other words, they aren't LOOKING for you services. It would be much easier to find individuals who NEED what you have to offer, but you need to learn how to find those people.

Furthermore, when you are able to build a business around these services and recruit others to do as you do, you want to be in contact with individuals who WANT to own a business of their own. Talking to your friends and inviting them to presentations and hoping they see what you do is not the way to do this. Not everyone's circle of friends is filled with ambitious opportunity seekers.

Instead, you can leverage the power of the internet and attract the type of people you WANT to work with, and do so without spending a dime. It doesn't take a lot of money, just an investment of time. There are countless ways to market a business online and earn serious income. I would imagine that the idea of Primerica interested you not because you were passionate about financial services, but instead were intrigued by the idea of financial independence.

If you want to learn how to market your business online, or any business for that matter, and start making money, then you need to take a look at the profit lance system. It teaches individuals the fundamentals and basics of marketing on the internet WITH or WITHOUT a product. Whether you have a product or services to offer, or not, it doesn't matter. People have already done the work in creating their own products and many of them are willing to compensate you for selling it. The bottom line is that there's a lot of money to be made on the internet, and as a business owner or potential business owner, you would be crazy not to consider the possibilities.

Profit lance may or may not be what you are looking for, but maybe it is. I hope this article has been of some assistance, and if not I hope it was entertaining.

I wish you the best, Joe Marquez

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