About The Primerica Business Opportunity
If you are looking for information on Primerica business opportunity reviews, you have come to the right place. In this article, you will discover various things you need to know about this business opportunity to help you make an informed decision whether you should invest in this business opportunity
One of the first things you need to do when you start researching business opportunities is to look at the company’s past history. It will help you in getting a feel of the direction of the company as well as its potential longevity. As far as this particular company is concerned, it started in the year 1977, and since then, it has been growing its business at a great pace.
The company was initially started by its founder for selling life insurance policies but the company has evolved a lot over the years. In simple terms, it can be said that the company is focused on providing investment products to middle-class consumers with a term life insurance policy. This has allowed many people to make sound investments and also benefit from having a term life insurance policy.
It is also important to mention here that the company is listed on the stock exchange since 2010. It is based out of Georgia and has locations in several cities all around the world. This company now has presence in Canada, Spain, United States as well as some other countries. The company claims to have over 100,000 licensed representatives and annual revenue over $1 billion.
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The company has maintained a good reputation with Better Business Bureau as well as other similar organizations. The company claims to have over 4.3 million customers, and it is claimed that they pay over $2.5 million in death benefits daily. As far as the reputation of this company is concerned, Forbes magazine ranked it as one of the top 50 financial companies in America in the year 2015.
In simple terms, they have some trustworthiness in the market. As mentioned above, they offer a number of products, and most of the products sell well which can be seen from the fact that they have over 100,000 representatives.
The company offers a variety of financial services and products. In addition to providing various financial products and services, the company also offers financial advice to its clients. The company is focused on marketing various types of insurance and other services including home insurance, car insurance, life insurance, long-term care insurance as well as legal services and other such things.
As far as the insurance industry is concerned, it’s not easy to survive in this industry as margins are not that high, and competition is cutthroat. Therefore, a company that has been surviving in this industry for so many decades definitely has something going for it. In other words, this company has a genuine business model which has worked for it for more than four decades.
As far as the business opportunity presented by the company is concerned, it is possible for people like you to make a lot of money. In fact, a number of people have claimed making six figures with this business opportunity, but this does not mean that you can also make six figures a year with this business opportunity.
Everybody is different and therefore, you should take into account the amount of effort you will need to make to make similar amount of money.
To get started with this business opportunity, you will have to pay a fee of $99. This fee is used by the company for performing background check. Some people may also be required to pay other fees depending on the state they live in.
It is important to mention here that any person who may have any money related issues or other such issues listed on their background check report may not become a representative of the company. Therefore, you may be denied becoming a representative of the company even after the paying the fee, in case you do not satisfy the requirements of becoming a representative.
For accessing the online practice exams that will help you in getting licensed, you will be required to pay a monthly fee to the company. For this monthly fee, you will get access to a big library of audio as well as video training to grow your business. When it comes to making money with this business opportunity, you have the potential to make a lot of money but you will have to work really hard to make good amount of money.
Initially, you will make 25% commission as a new licensed representative. However, your commissions will start going up as you get promoted. For instance, a senior representative earns 35% commission along with 10% additional commission from the other licensed representatives in the down-line. A district leader gets 50% commission whereas a division leader gets 60% commission, and a regional leader is eligible for 70% commission.
Overall, it won’t be wrong to say that it’s possible to earn a substantial income with this business opportunity. However, it is important for you to realize that this is a network marketing opportunity, and the money you make will solely depend on the personal promotional efforts. In other words, this isn’t a passive income business opportunity.
You will have to work hard on growing your network to make substantial income from this business opportunity. Most people try to grow their network by promoting these products to their close friends and relatives. It usually works initially but soon people run out of warm leads, and they are unable to grow their business without proper training. Thankfully, you can make use of Internet to keep growing your network and make substantial income from this business opportunity.
You can make good amount of money from this opportunity but you will need to keep growing your down line to be successful. If you think you only need to sign up to get huge monthly checks, you are seriously mistaken. You will have to go out and keep growing your down line in order to make money with this company. If you are good at network marketing and think you will be able to sell the financial products sold by the company, you can make a lot of money and be your own boss.