by secure_admin | Jul 10, 2022 | Multi Level Marketing
There was this time when I really wanted this brand new toy. Yeah. I was younger then. Weren’t we all? The thing is, I didn’t even like LEGO that much, so I didn’t know WHY I had to have it.
But I did. I just had to have it.
Maybe it was FOMO. Loads of kids in my class already had the toy. I wanted it too.
But I soon learned a few things the hard way.
Everyone wants to get rich quick.
Firstly, you can’t just get what you want straight away. You gotta WORK for it.
But also… Sometimes when you get that thing—It isn’t everything you thought it was gonna be. The thrill of the chase is sometimes better than the prize.
These are important lessons. They’re ones everyone has to learn sometime.
That’s why I’ve always been a bit sceptical about these “Get Rich Quick” schemes. You see them all over the place. Especially on the internet these days.
I’d recently started making some real money with Local Lead Generation. it’s a great gig, and I’ll tell you more about it later. But I also know there are a lot of less-legit gigs in the marketing world.
I’ve kinda made it my mission to drill down on these and let you know which are legit and which aren’t. That’s because I’ve seen loads of my buddies get burned by some of these schemes, and it’s not fun to see happen.
So when a few of my pals were chatting about Amway, I knew I needed to do a bit more investigation. To me, this sounded like a bus company or something—but no, Amway is apparently a legit venture that helps people start their own work-from-home businesses to promote a range of products.
But is it really legit? That’s the question.
There’s nothing wrong with home selling. You’ve seen how long Avon have been around. Totally legit. No argument here.
But there’s also a load of… let’s just say “less” legit players out there. A lot of stuff that seems awfully like pyramid schemes. Despite their protestations that they are definitely NOT pyramid schemes. Nope. Nothing to see here. Move along please…
So if you’ve got this far, you probably wanna know the nitty gritty about Amway. You’re in luck. That’s what this Amway review is here for. I actually signed up and jumped right in so I can give you the lowdown on whether Amway is something you should be joining, or avoiding like the plague. So let’s have a look…
That’s Amway… Not Tramway.
Amway Review
Ok, first thing’s first—you’ve got a question. It’s a simple question. What even is Amway?
Amway is a direct product selling business. It’s actually been around a long time. That normally stands for something, right? I mean, if something has been established for however many decades like Amway has, then it must be legit, right?
Not necessarily.
Look, this isn’t a complete Amway scam. They aren’t running off with your money. So in that respect, it’s legit. But is it really worth it? I’m not so sure.
Keep reading to find out why.
You see, Amway is a product selling business that makes you buy their products before you sell them on to other people.
This isn’t too bad in itself. I mean, it’s not like affiliate marketing where you can promote products without even buying them. Those are cool. But most businesses require you to hold stock. So this isn’t a problem.
However, as I soon found out… this wasn’t a great way to make money.
Firstly, the product line was limited. You’re left promoting less than great stuff. Oh yeah, you also have to promote it to people you know, rather than have some larger-scale online business venture. After all, these products aren’t really very unique.
So that’s not so good.
You’re probably wondering where people are really making money with Amway. Well that’s where things start to get a bit more pyramid-shaped.
Yes, you guessed it. Like a pyramid scheme.
What?! Another Pyramid!
The real money with Amway isn’t with buying and selling regular products like a normal business. It’s with hiring other sellers UNDER you to promote even more products. Bummer.
So the real money is made by having a network of other sellers that you’ve recruited. You take a cut from all their fees.
Now I think some of these Multi Level Marketing gigs get a bad rap. There’s nothing wrong with requiting different levels of promoters if the products at the bottom of the pyramid are still good. In other words, if even the guy at the bottom who hasn’t recruited any more sellers still manages to make some cash, then it’s all good.
The real problem is when those at the bottom can never really make any money. If the ONLY way to make money with a system is by recruiting other sellers on a never-ending cycle of dreaming about selling “products” but failing—then things aren’t so great.
And that’s what Amway is like.
Their product selection is poor.
I was like: wait, you want me to sell this crap? What else can I sell? Who am I even supposed to be selling it to? Nobody is gonna want this.
That’s when it was suggested that I recruit more sellers under me to start making real bank. Oh okay. I get it. Like a pyramid scheme? Yep, you got it.
And that’s the problem with things like Amway. The regular product sellers simply aren’t making any money. This isn’t a legit business opportunity in the mould you were probably hoping for.
It wasn’t what my pals were looking for either, and that’s probably why nearly all of them have failed with Amway.
Did I mention that you’ve got to jump through a few hoops to remain qualified at Amway so you can continue to “earn”? There’s a minimum monthly spend to remain qualified for commission. This wasn’t something I was happy with. I heard of some sellers actually buying products they didn’t need and couldn’t sell just so they could remain active. Ouch.
Amway has been around for over 50 years, so they must be doing something right. What that is, I’m not sure.
They’ve actually got quite an aggressive recruitment drive. I’d been approached to join a few times already. Now I know how a lot of these things work so it’s always been easy for me to say no. But for other people who’re a bit more desperate, it isn’t always that easy. That’s why I don’t like how these schemas prey on certain sorts of people. That’s why I’m here telling you that you PROBABLY want to avoid Amway. There are loads more legit ways to make money online. (we’ll get to that in a bit).
On the recruitment drive I was told I wouldn’t need any sales skills. Now I’ve never been much of a salesperson, so this got me interested straight off the bat. Trouble is, it wasn’t really true.
That’s because Amway IS a sales job. That’s basically the only way to make money. Either by selling the products or selling more sales positions.
This was a big negative for me. And get this, I talked to loads of people who’d been doing Amway for a while. Hardly any of them were making good money. All the actual GOOD salespeople had quit Amway already to make money with proper jobs. So those who were left were people without any real sales skills.
You’ll be given the hard sell with a load of “success stories”. These are pretty standard in this industry but the reality is that they’re a load of nonsense. They might be true. I really have no idea. But they aren’t a true representation of what’s gonna happen for you with Amway. Unless you get REALLY lucky.
I’ve yet to meet anyone who’s actually had real success with Amway. I think that tells you all you need to know. So I think those stories you get are completely made up. Maybe they’re not. But maybe they were from a time when Amway was actually a viable way to make money. After all, Amway has been around for over 50 years. They must have been doing something right at some point. But I can’t see what that is right now.
You can already tell I’m being pretty negative about Amway. Sue me. I gotta be honest for you guys.
The good news is that they ARE a legit business and shouldn’t be running off with your money. But that’s about as good as it gets. I’ve never really been a fan of those pyramid schemes. And while there are a lot worse ones out there. There are also a lot better ways to make money.
Oh and there’s one more thing that pissed me off. These motivational stories aren’t thrown at you for free, either. You’re not gonna believe this—but you gotta pay for them too!
What?!
This was crazy to me. Like you have to pay in order to have the privilege of being conned into buying the rest of their stuff. I didn’t get it. So I refused. That’s when another guy on the course “loaned” me his promotional material. When I saw it, I couldn’t believe he’d actually paid money for it himself.
At this point, things got even fishier. Someone got onto me from “higher up”. They were worried that I was gonna give away these CDs and MP3s for free.
This had me dumbfounded.
I mean, this is all promotional material that’s designed to get people to buy in to Amway and their products.
Every other affiliate marketing system I’d been involved in gave this stuff away for FREE. Some other programs were super happy for me to have ALL SORTS of content. For nothing.
Yet here were Amway getting a bit fussy over a few CDs and stuff.
You know why? It was because this was just another upline revenue stream for Amway. You got it. It wasn’t a way to actually promote their business. It was a way to sell more stuff.
And let me tell you, there wasn’t much value in them. Who wants to pay for promotional material like this? I know I didn’t.
Oh yeah, let’s get the popcorn in and watch a movie tonight. What’s the movie?…………. An Amway promotional video.
Amway really starts to fall down when you start to look at who’s making money from it.
On average, Amway IBOs (that’s the qualified seller level) made a loss of $1.176 per year. Yes, there are some people who made money. Some of them even made having-a-job money. But I didn’t know anyone who did THAT well from it.
All the people I met in my first few weeks with Amway were struggling, or they’d given up and jumped onto the next big idea. I met a lot of people at the first few meetings and a lot of these were motivated guys who wanted to find the next way to get rich. Trouble is, it wasn’t Amway. I hadn’t seen ANYONE get rich from this.
So if you’re gonna ask me if I think Amway’s worth it—It’s a bit fat no from me. They aren’t the worst online marketing business I’ve ever seen. SOME people make money. But there are simply so many better ways to go about things.
One of the best ways to make money these days is with a real legit online
by secure_admin | Jul 1, 2022 | Multi Level Marketing
When I was young, I always wanted to be the next big baseball start
Haha. I know you’ve all had dreams like that.
Trouble is, I wasn’t actually that good at baseball. Ouch.
Yeah I used to play every day in the summer with my pals. We had a great time. Sometimes, the dream is better than actually getting there.
You see, I wanted to be a baseball star because I LOVED the sport. I dreamed of hitting that winning homer in the World Series one day.
Living the dream.
My pal Buck was different.
Man, this guy had talent.
You should have seen his right arm. I would have killed for it. Maybe.
The problem with Buck was that while he had all the talent you could ask for, he had none of the desire.
Yeah, he wanted the fast cars and fast women—but he never really wanted to put the work in.
So after a few failed attempts at trials for big colleges, he ended up with a Division 2 NCAA team. At college, he partied all the time.
I didn’t blame him, not one bit.
But he was throwing this talent away, bigtime.
What’s Buck doing these days? He’s selling used cars. There’s nothing wrong with that, but he could have lived the dream. That car lot could have been his own.
For me, things went a bit different. I didn’t have that natural talent, but I did have a good work ethic.
I was always hustling.
By the time Buck was realizing he was about to get cut from his Minor League team, I’d already bought my first investment condo.
You see, I’d got into internet marketing just at the right time. I’d had some good success, but I’d also had some major failures.
Boy, if only I could tell you about all those failures. We haven’t got all day.
There were some big successes too. Like Local Lead Generation which I’m into BIGTIME right now. It’s as legit as they come. More on that in a bit.
Anyway, let’s just say I’d seen a lot of shoddy operators in my time. In fact, I’d kinda become the local authority on any of this stuff with all my Buddies.
Now we get back to Buck.
You see, Buck hadn’t been making enough to support his family at the car lot. Times were hard. He’d recently been convinced by his brother to get involved with something called Primerica.
I was like, “Oh… okay. Are you sure?”
But he was all in.
If only he’d had this sort of motivation back in the day when the baseball scouts were calling. All he wanted to do then was play on his SNES or smoke weed. Idiot.
Anyway, I’d seen a few of these sort of scams before in my time. Is this a Primerica Scam? You need to check out my Primerica review to find out. I had a closer look. Perhaps that means you don’t have to now.
Primerica Review
What even IS Primercia?
Insurance sales. That’s what Buck said anyway.
Okay, got it.
Wait, no I haven’t,.
You’re gonna become an insurance salesperson?!
I guess you DO know how to sell cars. Sometimes.
Firstly, Primerica is known as part of the MLM world.
What IS MLM, I hear you ask?
Multi Level Marketing.
Okay, you’re still non the wiser, right?
That was me when someone first fired those letters at my brain.
Don’t worry, I got you.
MLM is basically like a pyramid scheme. SOMETIMES.
They’re not all bad. There are actually some legit ones out there.
It’s where you market products on a different level and get promoted to a higher network in order to get better commission.
Some of these CAN be a bit fishy, but I’m alright with them if the products at the bottom of the pyramid are actually of any value. Sometimes they are, sometimes they’re not.
In my opinion, that’s what makes an MLM scheme either GOOD or BAD. The PRODUCTS.
Only Primerica was a bit different here, so it took me a while to get my head around it. They weren’t selling ACTUAL products like some of these other “schemes”. They were selling…. insurance.
Okay. Insurance. Great.
Everyone needs that, right?
I get can involved with that.
So I had all sorts of questions lined up for Buck. What kind of insurance? How good was it? How much can we make? How easy is it to sell? HOW are we actually supposed to sell it?
Trouble is, I didn’t really know the first thing about being an insurance salesman. Neither did Buck. DESPITE already being a salesman.
You’re losing faith in Buck here, aren’t you?
I was too.
So over the next few weeks I dived into Primerica so I could find out what the deal was. Hopefully, I was gonna find answers to all those questions and more.
Did I?
Let’s have a look…
The first hurdle was that actually RESEARCHING Primerica was pretty hard. These guys, like Amway, have been around for decades. You’ve probably already heard of them at some point.
They rang a bell in the back of my head but I wasn’t sure where from.
For something that’s been around for so long and SUPPOSEDLY helped so many people make money, it was super-hard to actually find anything out on them.
Seems fishy, right? I always liked a bit of fish, especially cod or haddock. But NOT when I’m trying to see if a company is legit online or not.
Very fishy.
The thing is, when you search for something like “Primerica review” or “Primerica scam”, you actually get a load of marketing spam from people trying to PROMOTE Primerica.
You probably saw this when you made those searches yourself.
Finding valuable info like on this here site isn’t always easy. Especially when more than half the other Google options are people actually trying to sell you Primerica. I’ve developed a bit of sense for separating bullshit reviews from those offering real value, but not everyone is like me.
That’s why you need this review.
So I attended a couple of Primerica promotional events to get a grip of things,.
That’s when things actually started looking up. For a bit.
Primerica wasn’t like a lot of those other MLM schemes I’d seen.
There are a ton of Primerica agents and their job was to try and get me to join up. Fair enough so far, I thought.
Primerica was gonna train me to become a financial adviser. This isn’t something you can really be good at if you aren’t a good financial planner. Things weren’t looking good for Buck at this point. Sorry Buck.
Anyway, I liked my chances. And what differentiated Primerica from a lot of those other pyramiddy things is that I’d have to train and pass an exam before I was allowed to offer financial advice.
While that barrier to entry was sure to put a number of people off, it also put me at ease slightly. This wasn’t one of those deals where they simply invited anyone who could pay onboard. Or did they?
Then things sadly started returning to form. This structure started looking a bit more like a pyramid than I’d first hoped.
I was disappointed, but I can’t say I was surprised.
The hard sell was in full-swing at this point. And oh yeah, I was highly encouraged to “protect” myself with their insurance plan before anything really got started.
There’s a lot of hype around all these products and I didn’t really understand why I needed them. Buck definitely didn’t understand either. Poor Buck.
Remember when I said a scheme lives and dies by the quality of their products? Well now I knew a bit more about what Primerica were offering, I could make a slightly better judgement.
Or, I thought I could.
Trouble was, this stuff was confusing. Even for me. And I consider myself pretty clever with financial stuff like this. Buck didn’t stand a chance.
As I said, there were a lot of products, there was a lot of hype, and there was a big hard-sell.
I also saw an internal document that was encouraging people to start selling BEFORE they’d actually qualified as state-licensed financial advisors. That was even more fishy. After all, that’s why I first started liking Primerica as an idea. I was gonna become state-qualified, right?
Only they wanted me to start selling and “advising” way before that. I was gonna tell people that I was currently studying to become licensed, and that was enough?
How many people actually ended up getting licensed? I didn’t know the answer. Can’t help you.
There’s also loads of training on some pretty hard-sell type stuff.
I hated these sorts of gigs. If something was good enough, it shouldn’t need a hard sell.
The products should ALWAYS speak for themselves.
Despite being a used car salesman, Buck didn’t really like the hard sell either. Buck has a lot of faults, but he’s a cool guy. He was always one of those relaxed salesmen who let people decide for themselves on the most part. This wasn’t for him, either.
In fact, Buck was pretty confused at this point. I don’t blame him. I was too. How were we actually gonna make money from this stuff?
I had yet to see anyone who had. I still haven’t.
Another one of those.
You’ve probably already guessed the best way to make money from Primerica. That’s right, recruiting more “advisors” under you. THAT’S always the kicker with pyramid schemes like this.
Primerica doesn’t even deny being a pyramid scheme in their internal literature. Someone leaked that and I managed to see a bit of it.
Actually, you couldn’t really officially start selling some of the products until you were licensed, but you COULD recruit more people under you to make commission that way. Especially as each trainee advisor was highly encouraged to buy some insurance for themselves at the start.
Don’t worry, I didn’t fall for that.
Look, Primerica isn’t a complete scam. It’s not awful. The products at the bottom aren’t COMPLETELY useless. They’ve got a range of financial instruments, and some of them could be for you. If I’m honest, I was still a bit confused at this point so I didn’t really know if they WERE any good or not.
Their main product is called “Term Life” insurance.
I did a bit more digging on this.
Term life insurance is like life insurance but just for a specified term. Sounds simple, right? So you could be covered for ten or twenty years rather than for the rest of your life.
Problem is, Primerica’s term life insurance is actually quite a lot more expensive than some of the competitors in that industry.
But hey, That’s not TOO bad, right?
I mean, I’ve seen some pyramid scams in the past where the basic products at the bottom of the pyramid are completely WORHTLESS.
At least this was legit insurance. It was just a bit more expensive.
Another thing: you probably won’t qualify for Primerica if you’re in a high risk group. Okay, fine. It’s still viable for plenty of people,
What I’m trying to get at here is that there ARE better insurance firms out there. Cheaper ones. Ones who’re more likely to insure you.
HOWEVER…. Primerica is far from the worst deal out there.
Normally, at this point in my reviews I’m at that NO NO NO stage. We aren’t really there with Primerica. Does that mean I’m ACTUALLY recommending them?
Well, I wouldn’t got that far.
But there are a lot worse out there, believe me.
The thing is, there are also a lot better.
Like Local Lead Generation. I’ve been getting more and more involved in that recently. It’s super easy, and a great way to make some real bank. Even Buck could do it. That means you could too.
Recent Comments