WFG or Primerica? What better options are there?

[BADTROUT]

Amway, Quickstar, and doTerra do have success stories... it's possible to claw your way to success in any MLM... how many Mary Kay consultants have you met driving a pink caddy? I have met one, and in any MLM they are there... the poster of success and lifestyle .. but how many thousands of her underlings bought the dream, and a garage full of crap to get her there? Enough to where she walked away due to her conscience... true story.

Dont ever discount these programs CAN work, life and financial is littered with opportunities like this. If you ever want to pick out the most annoying person at a party, or that cousin to avoid like the plague, ask people where they work... ask yourself... anf if its WFG or Primerica where you "work", (or an F.E. guy at a garage sale, but just not as bad) you are that person.

 

[Cornelius]

99.7%? One side is mostly about part-timers and the other is full-time. So comparing the two the part-time numbers will be higher but 99%? C'mon..

It can work if the individual attempts to make it work. Go wide and deep...

 

[toolbelt]

MLM is a great concept. Recruit 5 friends who recruit 5 friends, etc and after 13 cycles, you have exceeded the world's entire population. Oh, but you're only North American you say? You're saturated after 8 cycles then, after which, selling the dream becomes the product.

 

[toolbelt]

how many Mary Kay consultants have you met driving a pink caddy?

And then you find out, they didn't win the car, its a lease, and they're responsible for any payments should quotas not be reached.

 

[toolbelt]

99.7%? One side is mostly about part-timers and the other is full-time. So comparing the two the part-time numbers will be higher but 99%? C'mon..

It can work if the individual attempts to make it work. Go wide and deep...

I can only assume you've never Googled any MLM "Annual Income Disclosure Statements" then? Its all there in black and white (and mostly red), and its right from the horse's mouth.

 

[VolAgent]

MLM is a great concept. Recruit 5 friends who recruit 5 friends, etc and after 13 cycles, you have exceeded the world's entire population. Oh, but you're only North American you say? You're saturated after 8 cycles then, after which, selling the dream becomes the product.

MLM may or may not be a scam, but it definitely is a pipedream.

 

[toolbelt]

MLM may or may not be a scam, but it definitely is a pipedream.

Selling a pipedream is the very definition of a scam. MLMs exploit typical human characteristics such as greed, dishonesty, vanity, opportunism, lust, compassion,
credulity, irresponsibility, desperation, and naïvety.

 

[pfg1]

I don't believe MLM at its foundation is a scam. In fact, its a great concept. The problem is alot of MLM businesses have products, services, or compensation plans that are not solid. Something is typically weak somewhere, and the reps end up suffering for it. I know a number of guys who have made tons of money in MLM. One guy right now who is making $20k/week. But for most - especially those who are not recruiters, it is a pipe dream.

There have definitely been plenty of scams that run under the MLM banner... which are nothing more than ponzi type schemes that eventually get busted and out of business, and sometimes lead to jail time.

The insurance MLM deal...well most all insurance businesses with an agency system follows that to some degree, and I'm ok with that. If I want to recruit and train a rep and earn an override for helping them do business, that is ok. If I don't, that is ok too.

What I don't like - is when its a fundamental part of how you do business like so many of these companies...and when you can't go up the comp ladder or earn any real income without recruiting. That crap is bogus. To me the real litmus test of any MLM, can I make a decent income on selling the product by itself. If the answer is no...its crap, imo.

 

[toolbelt]

To me the real litmus test of any MLM, can I make a decent income on selling the product by itself.

The real question is, can you make a decent income on selling the product by itself.....to clients who are not also pursuing the opportunity? Is it easier to hit up an acquaintance of an acquaintance or to recruit someone, then suggest they too could benefit from the products or service, bearing in mind the fact they joined proves their naivety and lack of critical thinking? Of course, if internal consumption was a key component of MLM, those policies would likely be cancelled at the same rate people leave, or about 60%. Again, easily proven.

 

[Cornelius]

Toolbelt that's it. LegalShield markets to businesses with group memberships as an employee benefit and offers small business plans. Product sales.

Some financial services organizations have no recruiting requirements. Also no requirement to purchase any products but if there is a need why not.

Can you say Final Expense offering is in the beginning stages.. It's happening..Can you vision 100,000 plus agents doing what you say can't be done.. The growth has been done before and it is happening again.. Say it ain't so. So what..