Is Primerica An Excellent Business To Join?
- Author James Hicks
- Published June 10, 2011
- Word count 525
If you are looking into joining the company Primerica then please do take some time to read this review for some important information.
Primerica is a great company and is providing financial services through a Network Marketing business model. They are actually hailed as the largest independent financial services provider in North America! You will find them based on Gorgia. The company is listed and traded in the NY Stock Exchange and they are also insuring over 4 million clients and have 2 million investment clients.
This is a long standing, established company and you can be confident of your reputation by being associated with them, if you check the Better Business Bureau website, you will also see that they are accredited by them also.
How to make money with Primerica
Signing up with Primerica and taking & passing the required exams will license you to sell financial services to clients, such as life insurance, annuities, and also mortgage finance. Even if you have no prior experience in the financial services sector you can join this company and become licensed.
You will get good support and help from Primerica, and they allow you to do the business part time. If you wanted to, you could quite comfortably continue with your current full time employment whilst you build a base of clients. Primerica also has one of the best track records in the Network Marketing industry and it's estimated that there are more than 65 top players making over $1 million a year.
Before you join you might want to think about the following points also.
This opportunity certainly won't be for everyone, establishing yourself as an 'authority' in financial advice comes with a massive responsibility. This business of network marketing should be enjoyable and not a chore, so if you don't want to be taking on this responsibility then find another deal.
You will also earn a lot less than if you were to train and operate as a financial advisor, independently in your own right.
The attrition rate in Primerica is MASSIVE, the company states that only around 20% of new recruits will successfully pass the relevant exams, which means that you are basically trying to fill a bucket with a massive hole in it.
With Primerica you will be captive, you won't be able to sell other companies products to your clients as the company won't allow it. Every customers needs are different and its possible that the Primerica product portfolio may not offer the best deal compared with other companies in the open market, so you should take this into consideration. If you find the Primerica products to be the best available for your client then all is well, but it's something to consider before joining this business.
You will need to find a lot of prospects to talk to if you are going to build any successful network marketing business, but especially with Primerica as they are indeed a specialist company that won't appeal to the masses. Its vital you find a way that you can attract prospects to you on a regular basis and in such a way that they will want to work with you.
Please take into account all of the facts before you sign up for Primerica and make certain it’s best for you. Hunting for the secrets to success in mlm? Take a look at my personal weblog right away.
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