Tuesday, July 27, 2010

The numbers are the numbers...

... and you can't beat the numbers and the numbers can't beat you.

10 invites = 4 guest = 1 IBA

What are you doing to get 10 invites?
2 invites/day for 5 days/week = 10 invites/week = 4 directs/month

8 appointments = 5 FNAs = 3 Life insurance sales = 1 recruit.
Having 8 appointments in a month is ok for part-timers, but not acceptable for full-timers. I believe full-timers should be able to do 8 appointments in a week. I know people who can do that in 1 to 3 days. Why not you? What can possibly be more important than making money, helping families, and building a future for your family? Stop wasting time staying at home and watching TV or using the computer. If you work hard every day for the next 3 to 5 years, you can retire if you want, but its very unlikely that you will as you will become RVP and want to get more people promoted to RVP.

Understand the numbers and accept them. When you get the IBA, help that person grow their business. Get them on the fast start, help them get their bonus as soon as possible, and help them get their license. Show them how to get to District Leader. You just need to get 6 District Leaders and you pre-qualify for Regional Vice President promotion. If you are serious about getting your RVP contract, you need to have consistent monthly production. You should be fully license (life license, series 6, series 63, series 65, series 26, mortgage license) before getting your RVP contract. If you are in Primerica, just go to POL to learn how to get your next promotion or ask your RVP.

Monday, July 12, 2010

Primerica joins Russell 3000 and Russell 2000 Index

Story link from MarketWatch.com: http://www.marketwatch.com/story/primerica-joins-the-russell-3000-and-russell-2000-stock-indexes-2010-07-01?reflink=MW_news_stmp

Primerica Inc, the largest independent financial service company in North America, has joined the Russell 3000 and Russell 2000 index. Russell 3000 is made up of the 3000 largest companies in the United States, making up 99% of the US equities market. Russell 2000 is subset of Russell 3000 that measures the performance of small-cap companies in the US.

I laugh at all the people who are still wondering if Primerica is for real or is it a scam or needs to do research. I think the only thing people should research is themselves. They should look at whether or not if they are able to build a business. Are they hard workers or are they lazy? Are they able to handle objections? How would they react when someone says no? Are they willing to make sacrifices and reap the rewards later? There's nothing to research about the company since the work has already been done by lawyers, attorneys, government agencies, non-affiliated organizations such as Better Business Bureau and Ripoffreport.com, investment firms, and large corporations. What more of a proof do people really need to finally be convince that Primerica is legitimate company? "Some will, some won't, so what." That's all I have to say to people who want to research. Waste your time and let this great business opportunity pass you by. It will be very rare if this opportunity comes their way again. I've been in Primerica since 2004 and haven't met another Primerica rep on the streets who prospected for me.

Friday, July 2, 2010

One man's idea of "pyramid scheme"

Take a look at this:

"And if this person actually gets their license and sells insurance, you, your immediate supervisor/mentor, the owner of the business, his boss, the regional manager, and so on up the ladder will get a piece of the commission. Hence the appearance of pyramid scheme." from "Mr.Prefect" from Yahoo Answers

This guy obviously has no clue what he is talking about. I've been in the business for years. When I make a sale, no one gets a piece of my commission. I get paid whatever my level is at and everyone else above me gets paid an override. An override to me is money earn when someone else does work. Hence, not an appearance of a pyramid scheme, but an appearance of a working business. You got to be crazy if you don't like overrides. If no one was getting overrides, there will be no point of recruiting. All business are structure this way, even in the corporate world. In corporate world, the CEO makes all the money. The entry-level employee gets paid very little and yet they do all the work. CEO earns all the profits from the work the employees does, which is one big override. Imagine that the CEO was not earning any overrides from the entry-level employee. Then the CEO wouldn't need employees and do all the work by himself. Eventually the CEO will either max out his time or burn out from all the hard work. Then the entire business will fall.