If your looking to earn money working from home then maybe the financial services industry is for you.
Primerica MLM offers a a business opportunity selling their financial services and they have been around for 37 years.
What Is Primerica?
First off Primerica has been around for quite some time. They are based in Duluth Georgia and they state that they have 107,000 representatives.
They offer the following financial service products:
- Term Insurance
- Investment Services
- Debt Solutions
- Auto & Home Insurance
- Long Term Care Coverage
- Legal Protection
Now, when it comes to a business opportunity like this, the best way to market it and make money is to get yourself out into the public spotlight and go door to door or set up a booth at some kind of homeshow etc., where you can explain to people in person these financial products.
Primerica is not really a great online business for these types of products, but you could use the internet to do the recruiting and sign people up into your downline.
They do have some affiliations with legitimate organizations and also an A+ rating with the Better Business Bureau.
American Council Of Life Insurers – this is a 280 member strong trade association advocating for the insurance industry. From the looks of it, basically most companies that have anything to do with insurances would be able to join this trade group.
The Financial Industry Regulatory Authority – this is a not for profit entity that makes sure that the securities industries do what they are supposed to and not take advantage of the consumer.
Primerica is a marketing company and they have set themselves up with the following partners to sell their services:
- American Century Investments
- Lincoln Financial Group
- Pioneer Investments
- LTCI Partners LLC
- Answer Financial
- Pre-Paid Legal Services
- Franklin Templeton Investments
- Putnam Investments
So they have quite a few companies that they have partnered with to market their investments and services.
Primerica Income Potential
In order to market all the products from Primerica, you will need to get the proper licensing for your state. After which you will be a representative of the company and can start earning.
To start with you will be earning up to 25% commissions on your sales. You may have ongoing licensing fees also that need to be paid on an on going basis. Selling securities is heavily regulated.
As time goes on and you move up within the company, you will be able to earn commissions as high as 143% on sales of products. Then you can also earn 10% on the sales of the people that you recruited.
This is a legitimate way to make money, although I would say it is not really an online business where you market it and people sign up.
You will need to do face to face marketing and with any type of sales you will need to follow up with your customers to offer them more products to try and increase your earning potential.
Selling these types of products is also very competitive. You will be competing against other big financial institutions and banks.
How much money you can make will really only be determined by your effort.
In my opinion, there are better options out there to earn money working from home and they won’t require you to be licensed and incur monthly expenses.
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