Saturday, August 25, 2012
Tuesday, August 14, 2012
Primerica sales grow strong
New article from Reuters:
(Reuters) - Life insurer Primerica Inc's (PRI.N) quarterly profit rose 23 percent and came in above Street estimates on strong sales at its term-life insurance segment.
Net income for the company, which was spun off from Citigroup Inc (C.N), rose to $46.2 million, or 73 cents per share, for the second quarter, from $37.6 million, or 49 cents per share, a year earlier.
Operating income, a key measure of profitability for insurance companies as it excludes investment gains and losses, was 71 cents per share.
Analysts on average expected Primerica to earn 65 cents per share, according to Thomson Reuters I/B/E/S.
The company, which has been buying back shares from large stakeholders to have greater control over its operations, also authorized a share buyback program of up to $75 million.
Term-life insurance sales rose 24 percent to $162.7 million, while operating income at the segment was up 44 percent to $51.7 million.
Shares of the company closed at $27.17 on Tuesday on the New York Stock Exchange.
(Reporting by Aman Shah in Bangalore; Editing by Sriraj Kalluvila)
Sunday, October 30, 2011
Which company has the most million dollar earners?
The answer is simple: Primerica Financial Services.
Don't believe it? Do your research and you won't find any other company with people earning 7 figure income every year. Primerica has a proven track record of success. You will be a fool to not look at the business opportunity.
Not only does Primerica has the 7 figure income earners, it also has the most 6 figure income earners as well.
Don't believe it? Do your research and you won't find any other company with people earning 7 figure income every year. Primerica has a proven track record of success. You will be a fool to not look at the business opportunity.
Not only does Primerica has the 7 figure income earners, it also has the most 6 figure income earners as well.
Monday, September 5, 2011
Long live Bob Safford Sr.
Yesterday, Bob Safford has passed away at age of 77. I barely knew him, but I seen him do training couple times for the Keith Otto Hierarchy. The things he taught has greatly improve my business. He taught the 3rd party referral system. The last time I saw him do training was probably in 2008 in Bushkill, PA.
I remember he was the most excited and energetic person I ever met, especially for his age. I don't remember his entire history. I know he grew up poor above some bar when he was a child. I think he served in the military. Then he built a very successful insurance company. Then he joined Primerica long time ago (I think it was in the early 1980s) and built an amazing business.
I remember he was the most excited and energetic person I ever met, especially for his age. I don't remember his entire history. I know he grew up poor above some bar when he was a child. I think he served in the military. Then he built a very successful insurance company. Then he joined Primerica long time ago (I think it was in the early 1980s) and built an amazing business.
Sunday, August 14, 2011
I don't want to work!
There some people out there that feel when they join a MLM (multi-level marketing) company, they don't want to work because every time they get paid, their uplines get paid too. So basically they are selfish and want to keep all the money to themselves OR they are just lazy. But you know what? They are only hurting themselves by not going to work and fighting for their future. They won't make any money and their business won't grow. Their uplines will make money whether their downlines work or not. Why? Because the uplines can do the work themselves and also they will continue to recruit more people. If you take a look at the larger picture, everyone are independent business contractors. You work for your own business. It doesn't matter if the person who recruited you is also earning profits from the production of your business. You have the same opportunity to recruit more business associates.
Also, commission rates are base on your sales level. In MLMs, there are several sales level. Everyone starts at the bottom and they have the opportunity to move up to the highest paying sales level. It's their choice on whether to stay at the bottom or work their way up. When you make a sale, you are paid a certain percentage base on your sales level. Every time you make a sale, the company pays your uplines an override. An override is the difference between your sales level and your upline's sales level. There is no split-commissions, unless more than one sales agent was needed to make the sale.
What if you do reach the top? Your uplines will still continue to earn overrides off your business. It will be a small override, but it will be a very big paycheck. People at the top are usually earning 6 to 7 figure incomes. I know that in Primerica, people at the top earn 7 figure incomes or close to it. Guess what? Most of them are not even working. They are enjoying life. If they die or wish to retire, they can pass their business to their kids and grand kids or sell it to another agent.
Can you do any of this at your job? Can you even earn this kind of income? If you can earn this kind of income, are you able to enjoy your life by doing things you want to do at any time? I know for a fact that in a job, the more money you earn, the more stress and responsibilities you have. Also, if you earn too much income at that position, the company has the right to fire you and hire another employee with a lower paying salary. You could be the best employee, but you have to know you are an expense to the company. In MLMs, everyone is a profit to the company because everyone is a sales agent. Every time someone makes a sale, the company earns a profit. So the company has no incentives to terminate the agent's independent business contract.
Also, commission rates are base on your sales level. In MLMs, there are several sales level. Everyone starts at the bottom and they have the opportunity to move up to the highest paying sales level. It's their choice on whether to stay at the bottom or work their way up. When you make a sale, you are paid a certain percentage base on your sales level. Every time you make a sale, the company pays your uplines an override. An override is the difference between your sales level and your upline's sales level. There is no split-commissions, unless more than one sales agent was needed to make the sale.
What if you do reach the top? Your uplines will still continue to earn overrides off your business. It will be a small override, but it will be a very big paycheck. People at the top are usually earning 6 to 7 figure incomes. I know that in Primerica, people at the top earn 7 figure incomes or close to it. Guess what? Most of them are not even working. They are enjoying life. If they die or wish to retire, they can pass their business to their kids and grand kids or sell it to another agent.
Can you do any of this at your job? Can you even earn this kind of income? If you can earn this kind of income, are you able to enjoy your life by doing things you want to do at any time? I know for a fact that in a job, the more money you earn, the more stress and responsibilities you have. Also, if you earn too much income at that position, the company has the right to fire you and hire another employee with a lower paying salary. You could be the best employee, but you have to know you are an expense to the company. In MLMs, everyone is a profit to the company because everyone is a sales agent. Every time someone makes a sale, the company earns a profit. So the company has no incentives to terminate the agent's independent business contract.
Sunday, July 31, 2011
i wish my movie theater was like this
cool picture of the stage from PRI convention 2011. http://www.bizbash.com/primerica_meeting_uses_times_square-style_video_ribbons_to_educate_entertain_sales_staff/newyork/story/21102
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