I’ve been offered a position at Primerica and it seems like a fairly well-rounded company, but I dunno, it’s seems like a gamble. I have no car, and I just moved to a new city and my network of people is fairly non-existant, I also am short on cash. In this current situation, do you think it’s a good idea to sign on with them? I also want to know how high the success rate is?
Primerica is a business opportunity. If you live in a major city such as New York City, you can succeed. Just that it will be a hassle getting from place to place. If you don’t live in a major city, hopefully whoever wants to recruit you will drive you to places. I know some people who really have no market to work with, but they have a strong work ethic. They eventually became Regional Vice Presidents. One of them told me that they immediately got their license and went out to prospect for people wherever they go. He work every single day. From clients he see, he will get referrals from them. If you join Primerica, you should think that your business is open 24/7. When your outside shopping or browsing stuff or walking down the street, you should prospect at the same time. You should ask your upline on how to prospect.
As for Success rate, I really don’t know. Primerica recruits tens of thousands of people every month. This is what investors want to see because every investor know that when a company grows its sales force, the company will earn more money. One investment company, Warbus Pincus has put a bid to buy $230 million worth of shares from Primerica. Primerica is not a public company yet, but it will in the coming weeks under stock symbol "PRI".
Anyway, many who join Primerica don’t have the mindset of building a business and many will quit within their first month. When the going get tough or things get uncomfortable, many will run away from it. But there are people who will stay and have every intention to make this business work. I can tell you this, there are more successful people in Primerica than any other financial company in the world with over 2000 people earning 6 figures and over 60 people earning 7 figures. There are also over 10,000 people earning $50k to $99,999. The company has paid nearly $800 million in commissions to the sales force and have a goal to pay out billion.
If you worry about income, you can job somewhere (if you can find one) and work on your Primerica business on a part-time basis.
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