- 30,588
Why not? Oh yeah, because the orders are 10 years old and the staute of limitations have run out.
Integrity buys another one.
- Thread starter Newby
- Start date
- 5,973
You missed my point: So many folks getting recruited into insurance don't have selling insurance as their goal. Their goal is to recruit other people to sell insurance so they can live on a beach. And that is how the opportunity is being sold by many. Walmart doesn't go out looking to hire folks who are told if they hire enough folks they won't have to work for a living themselves.
Right now many current MLM lines are being built on a lazy person's pipe dream.
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- #33
- 17,073
It's Fool's Gold. I've never seen as many people fall for it as there are today.
The pitch is that you sign up today at 100% and then bring on your buddies at 90% and they bring on their buddies at 80%, etc They pitch to them that they are building a team of producers that they will manage and make all these over rides on. The story is that it is the only way to work yourself out of the field and retire someday. Suckers bite on this pitch left and right. They WANT to believe.
In reality those agencies came up with a perfect plan to make themselves rich. They figured out how to recruit massive amounts of agents at very low commission levels, insulate themselves from much of the debt and have a revolving door of Suckers to resell the same uninterested leads to over and over and over.
The poor guys who fall for this NEVER seem to know they are co-signing huge loans for their down line of fellow suckers until it's too late. They think they are on the hook for the over ride they made off the downline. Not 10 to 20 times more than that. Until they have the reality of $20,000 in debts hit them from an agent that they only made $1000 on.
I can't tell you how many times I have agents tell me the sad tale of WHY they are broke and vectored and have bill collectors all over them. They are desperate to get appointed with someone and try again. But they have a huge mess to clean up. And yes, they are the victim, not the bad guy but they blindly fell for it and need to clean it up before they can start over cleanly. It's sad. But there are new ones born every minute.
I've heard that due to inflation there are now two of them born every minute.
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- 1,912
NAA is who introduced the real MLM model to the industry and they are writing more premium now than ever.
Are there just that many dumb agents in the industry, or are these MLMers doing something right?
Are there just that many dumb agents in the industry, or are these MLMers doing something right?
- 4,306
NAA was a Johnny Come Lately when it comes to introducing MLM to the life insurance industry... AL Williams has them beat by 20+ years.. ALW was not only one of the first but is by far the most successful..
- 5,973
Yes. Yes there are.
What is the career longevity of an NAA agent? NAA is like Amway - there are a few handfuls of folks at various levels in the organization making a living to making it wealthy. Then there is everybody else making a few hundred a month or so.
But like most other MLMs, unfortunately they represent a pathetically small percentage of the total number of distributors enrolled in the company.
To put it in perspective, the Amway Corporation has paid out almost $60 billion (with a "B") in bonuses and incentives to distributors since its inception.
That's a LOT of money.
But according to Amway.com, only 48% of all IBOs are active and their average monthly gross income is around $200.
You read that right.
Two hundred bucks PER MONTH.
Ouch.
Why so low?
Like all direct selling companies, for most people it's gonna be an uphill battle to get to any significant level of income.
And when I say "uphill" — I mean a very steep hill.
Starting face down in the mud.
With an army of renegade mercenaries strafing the hill with machine gun fire.
In other words, it might be a little tough to make this thing work.
From Amway | World Wide Dream Builders (WWDB) Honest Review
- Thread starter
- #38
- 17,073
Just because the top level owners and managers are making a lot of money (and they are) doesn't mean it's a good model for the agents. The agents are the ones being set up to fail. Not the top level people. NAA is a great example of that.
There are several right here on this forum that 10 years ago they had never sold an insurance policy that are now apparently doing well having done just what is promised by these outfits.. Maybe not with them but they have worked the same system.. They learned to sell the product and then started recruiting and teaching their recruits their method.. Are you saying that the people that are contracted under you cannot achieve what you have?
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Are they really? I never run into NAA agents. They go by the name The Alliance now.
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