There has been some buzz about Primerica in current months and whether or not or not it’s a respectable firm. There have been blogs written ranting towards Primerica and the grievance board is filled with people who find themselves not very completely satisfied. With the present state of the financial system, increasingly are in search of second and even third incomes to assist them get by. Enter Primerica Financial Services, which has been in search of potential enterprise representatives in big numbers, and this story begins.
My disclaimer: I am not affiliated with Primerica in any means, form or type. I occurred upon an internet site filled with complaints and accusations towards Primerica, and determined to look just a little additional into the corporate- how they recruit, how they function, and why some individuals appear so down on them.
What I discovered is that this:
Primerica Financial Services is a multi-degree advertising enterprise alternative, and I emphasize “enterprise alternative” right here. It affords individuals the alternative to make good cash promoting their providers. They are a publicly held, publicly traded firm, owned by Citigroup, and have been round for about 30 years. They promote life insurance coverage insurance policies, annuities, mutual funds, and so on.
Primerica makes use of numerous recruitment strategies, however probably the most egregious technique appears to be when an agent calls a candidate for a possible “job interview”. This is occurring to individuals who have posted their resume on-line. An agent makes contact, does a fast “interview” over the telephone, says their resume seems promising they usually really feel the candidate can be an awesome match for the corporate. Then the agent units up a time and place for an “interview.” These usually are not interviews, however extra like recruitment conferences. While within the “interview”, candidates are discovering out that Primerica is a Multi-degree advertising system. There can also be a small payment to be paid by the candidate for becoming a member of. Most individuals hear this and instantly really feel that Primerica is a rip-off as a result of “nobody would pay cash to start out a job,” as one on-line poster put it. But, there’s coaching concerned, licenses to be obtained, fingerprinting to be finished, and so on. The confusion is available in when individuals assume they’re being provided a job and discover out that they’re, in truth, being provided the chance to have their very own house-based mostly enterprise. It doesn’t suggest Primerica is operating a “rip-off,” nevertheless it does imply that they need to be extra clear up entrance.
Although many individuals object to the way through which Primerica will get individuals in to their “interviews”, they recruit this manner as a result of they want large numbers of potential candidates. Many individuals won’t make it within the MLM world. It is tough work. Sometimes it’s a lot simpler to go on your N-H job than it’s to work at your personal enterprise.
Primerica doesn’t promise that you’ll get wealthy fast. They inform you that you’ve the potential to earn some huge cash in case you be a part of. How exhausting you’re employed and what you earn are as much as you. Do you could have the potential to earn nice cash doing what you presently do? Do you’ve the potential to set your personal earnings, which means you identify how a lot you’ll make based mostly on how exhausting you’re employed? Do you’ve got the pliability to set your personal appointments, work as many hours as you want to, earn a living from home? If you’re like most individuals, in all probability not. You earn a wage, you could or might not get a A-H% increase yearly, you do what your boss tells you to do, and also you in all probability cannot do business from home.
Although Primerica is definitely not for everybody, it’s definitely not a rip-off. You might find yourself working as exhausting and even more durable than you probably did working your N-H job. However, you’ll be working for your self, and could have the rewards and adaptability that come together with proudly owning your personal enterprise.
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