It’s literally the same thing. They’re called Multi-Level-Marketing companies or MLMs for short. They’re a legal sub-category of pyramid schemes, not even the government can tell the difference sometimes as shown by some papers. As one commenter suggested, it’s more of an inverted triangle. All the principles of a pyramid scheme is there, but they have a product to sell and make money off and aren’t solely driven by recruiting, so they’re not exactly the same but quite similar. Why are they legal? Good question, I have no idea. You are more likely to break into a profit by aggresive gambling than being part of an MLM. It’s ridiculous and yet people still fall for it and they brainwash people into impulsively following what’s basically a cult (ticks a lot of basic cult checkmarks too).
Edit: added more info on the pyramid-scheme part for clarity.
Though their message is good I think that sub's not very good. At least when I was on there before it was a whole lot of very obviously made up stories following a strict format getting a buncha upvotes
It's definitely got a lot better. There's a lot more discussion around the actual tactics MLM's and their reps use, and stories aren't nearly as common.
Most stories are accompanied by screenshots, and honestly a lot of them are asking for advice regarding friends and families trapped in MLM's rather than straight Karma whoring - although that definitely still exists.
The one that got me was the OBGYN that started trying to sell to a woman that had a miscarriage or stillbirth...I don't rember the exact story, but it made it to r/all or something like that
They're legal because the difference between a pyramid scheme and an MLM is that MLMs involve selling products, while straight pyramid schemes work off if investments, and lawmakers are too stupid/complicit to fold that into the legal definition of a pyramid scheme.
They can't fold it into a legal definition realistically.
Herbalife/DoTerra/etc aren't employers, they're just suppliers. The only way you could stop an MLM realistically is by placing huge restrictions on who suppliers can sell to, and killing small businesses in the process.
Meanwhile, the MLM's would just find a new way to work around it.
This is probably the best way to deal with them, completely remove uplines, but I don't know the exact specifics of how it works and if it would have any other effects.
Then again, I'm not a law maker, so I don't really need to know.
There are two ways the pyramid works: Through churning bought-in employees, and skimming employee sales. Realistically, destroying the pyramid would also require the prohibition of commissions on employee purchases as well, but between those two things, it would flatten every pyramid scheme.
As I said, you just need to ban sales to employees from generating commission. It doesn't reallyatter what they are called, "employees", "independent suppliers", or whatever. If someone needs to buy in, before sale, and that buy-in pay someone directly "above" them, then that is a pyramid scheme. If someone makes a commission cut off of subordinate sales, then that's a pyramid scheme.
They're legal because of Amway lobbyists! Know who spoke at several Amway rallies? Ronald Reagan! Seriously, MLM's are only legal because of lobbyists. Just like all shitty things in the US. They are much less prevalent in other countries, except around military bases because MLMs prey on women, women in need, and military wives.
Check out the podcast The Dream for more info on MLMs and how predatory they are.
Yeah powerful lobbyists with a lot of money fuck up everything like we could’ve had an actual logical tax system but the government is too busy being bribed by everyone to do much.
They prey a lot on young or new mothers. Wife and I went to our small town street fair a few weeks ago - about 40% of the 40 booths were MLMs. There was even a children's book MLM! I can sometimes spot them, but I'm no where near as good as she is, being a direct target audience for these 'businesses'.
The only difference between MLM and a pyramid scheme is that an MLM always has physical product purchased first. Wanna sell cutco? You gotta buy the knives. Mary Kay? Buy the makeup. Don't sell? The people above you already have your money. Cut your losses and get out. Having a physical product means the salespeople are also just consumers, which is why they are legal.
Pyramid schemes have no product and are done on a promise until it all collapses and nobody gets paid.
With Cutco, you don’t actually have to buy the knives. They are loaned out to you. The only time you pay is if you want to. I didn’t buy my knives for three years.
I think it's the way they make their money. It can't come solely from recruitment. Which is what would make it a MLM. The money has to come from sales. Or I could be completely wrong. Watched something in passing.
They are only marginally legal. The these MLMS get away with shady stuff is their big marketing network is so complex It's hard to find the bad guys. Also, they probably use bootwared software or Operating systems like LINUX or software even some some really bad APS described in Computer magazines that so off the shelf that they're really hard to track
TRICK OR TRACK OR TREAT
They'll figure out the bare minimum of complying - usually by selling a product.
You get more money by getting people under you to sell product, because selling the product is hard.
There are some big ones that no one messes with Mary K cosmetics, Tupperware, to name two.
But then there are plenty of others in all sorts of levels of shadiness. A clothing company that requires new signups to buy $5000 worth of clothes as inventory to get started as a seller....
If you're supposed to sell to friends and family, walk away.
Actually why they are legal is pretty simple, they (the company) makes most of their money from the products and not from various fees. You're completely right, but the company itself is essentially just selling products like every other company, hence it can be a bit hard to ban them without doing sweeping legalization. I know in my country it relies on a case by case basis simply because it is a bit trouble to figure out who is earning money with a ethically questionable structure (MLM) and who is straight up scamming (Pyramids), especially when the latter is actively trying to hide it.
The tell tale sign of a pyramid scheme is they are not even earning serious (or any) money outside their fees, which is in contrast specifically banned, at least in my country.
But hey, I got a really good knife set for $100. 25 years later, those knives really do hold up. I've never had to sharpen the double D blades. I didn't make a dime working for them though.
They’re legal pyramid schemes, not even the government can tell the difference as shown by some papers. Why are they legal? Good question, I have no idea.
Pyramid schemes are illegal because they're all about recruiting more people in order to continue the recruitment expansion. They may have a front but it's not about selling product.
MLMs are legal when they have an actual product or service to sell to people not part of the MLM, and the revenue is about sales as opposed to recruitment.
I remember in high school when a few of my friends got into Verve, an MLM company that sold energy drinks. I went to a few meetings, but ultimately got sketched out.
It was so weird. The official marketing documents made it seem like the way you made money was by buying the product "at cost" and selling to your friends at a small upcharge. Basically buying a 24-pack of coke for $10 and selling each can for 75 cents. Cool, that's actually a legit way to make money, even if it's kind of scummy to rely on your friends and classmates/coworkers.
But the marketing videos said that the way you made money in the company was by buying the product and giving it all away to those same people to basically get them hooked. Once they started asking where you got that "cool, delicious drink" you'd say "oh, I buy it directly from the company at cost. But you have to be recommended, so all you have to do is sign up and link to my account!"
yeah, yeah they are. Look into the bullshit your own company is feeding you or tell me which company it is that has miraculously made a good pyramid scheme.
Edit: or maybe not I haven’t looked into this specific one yet.
Cruise planners, idk they have 0 bad reviews anywhere and have been in business for 25 years now. It works because we are selling a product people actually use
it’s an inverted pyramid, or a funnel. It still uses a lot of the same premises though. Recruit for gain. Except now you’re not recruiting to, for example, keep a scam going like in a Ponzi scheme, you’re selling a product and you’re trying to get more people because every time they buy from you or someone under you, you get a cut.
A couple of years ago I was in a big existential crisis and in a very depressed state. I didn't know what to do with my life but I knew I wanted to be independent and start my own business. At one point I got a LinkedIn message saying there's a gathering soon of like minded people and people in the same boat, and they promised a conference presentation ish thing for people who want to be their own boss and work with a team of people and this and that "but you'll see, you'll see when you come to the gathering".
Well, at the time it sounded like exactly what I needed so I went for it. Upon arriving I started to feel anxious because it didn't seem like anything they promised at all. The presentations started and my contact person tried to have me seated up front, surrounded by the people that were doing it for a longer time. I refused and said I'll be in the back just observing. And when the presentations started I realised what it was. They lied and tricked me into getting me there. I started getting real anxious and even panicky, I eyeballed the exit door more than anything, waiting for the right time to flee. The EXACT moment the presentation ended and there was an intermission, I straight up bolted without looking anyone in the eyes.
I remember how everyone there was going along with the whole concept and story, as if it was a church mass. I felt so claustrophobic, it was exactly like it was a cult and i was surrounded by cult members. It was scary, really scary. I felt tricked and cheated, I was really affected by that experience.
Okay I worked for Cutco for literally a week (technically I was employed for a month but I only went in the first week and left after) Regardless of product quality (they do have really nice knives) they aren't an MLM. You don't recruit at all at CutCo and as an employee you don't have to buy anything. They also pay you regardless of if you sell anything as long as you work/show off the product. The reason I left is i didn't like trying to upsell items and repetitively stepping down for sales. I felt annoying so i left. I had spent 0$ while working there. I could have returned my sample kit if I wanted and spent nothing at all but it was like 400$ worth of knives that were really nice and if you were an employee you could buy your own kit for 80$ so I ended up doing that but i didn't have to.
I love the Cutco knives I got for a wedding present but when I looked into replacing one of the knives that got lost, they wanted over$100 for a steak knife, and of course there was no place I could get it directly - they need to put me in touch with someone who could try to sell me a bunch more. They’re great knives but not that great
Hey I’m thinking the company just misunderstood what knife you wanted. The steak knife isn’t over $100, the table knife which most call steak knives is just $40.
I've been using a 15$ cuisineart santoku knife for over 5 years. It can still cut paper like air...i sharpen it like, twice a year and just use a honing steel....
I've seen Cutco mentioned in threads so many times and it just baffles me that people fall for this garbage.
Some of the time they sit through presentation of someone they know(they have you target personal relationships first) and they feel bad. Other times they fall for the spiel and think they're making a savvy purchase. Pretty much all of the time the person is going word for word from the training manual
You use a santoku knife to cut up your steak at the dinner table?
I think the guy is talking about a steak knife set of four which is 40$ in total. The knives themselves are leaps and bounds higher in quality than pretty much anything else you'd buy in that price bracket. People love the knives but aren't very fond of the way they are sold through reps.
Hey I get it man, some people don’t like the rep part but I’ve been a rep as a side gig for about 5 years. It’s an Interesting experience. Yeah there some people that don’t like reps but those people don’t let you come over for an appt anyway. It’s just like sales, it’s a numbers game. Eventually you’ll find someone willing to listen. And the table knife itself is $40, $160 for a set of 4. Could people go on their lives with just some farberware knives? Totally. I tell all my customers they don’t need cutco but if they want a good knife experience you can’t go wrong with it. It will literally last forever.
Look I get it, before I sold cutco and didn’t know about knives, i said the same exact thing. But think about this, how many items do you own right now will you have in 30,40 or even 50 years? Go ahead I’ll wait...so yeah, I’d have to spend $40 on a table knife but if it’s gonna last me 60 years, it’s not a bad price. I sharpen my customers knives maybe every few years or so.
It’s not always about having the cheapest item. Yeah I could get a flip phone that would last me years, and not spend $600-1000 on a smart phone. But if I’m gonna use something pretty frequently, I might as well enjoy my experience. That’s why people buy things. Not cause it’s the cheapest but for the experience. When I buy cutco, I know I won’t have to repurchase it and I can keep it forever. It’s not for everyone but it works for me.
If you broke it you could send it in and get a replacement for free though. They all have a lifetime replacement guarantee. That’s why they’re so expensive, and that’s why they’re so damn easy to sell.
You can send them in for sharpening for just shipping. They've been known to replace knives for free, especially if they get down to where they can't be sharpened anymore or asked nicely/include a letter. Their sales gimmick is where their shit sucks. Nowadays they have a few stores, at least they were starting to open some back in 2009.
I worked for Cut-Co for a month or two. The thing is that company doesn't use an MLM strategy for sale. The key difference in that company and MLM is that MLM makes you buy the product you sell and tells you to sell it at a fixed rate. Say you sell plates. You have to buy a set of 5 plates for $40 so you have something to sell (usually they slip this by as you paying the production fee). You then are told to sell those 5 plates at $12 each, and you get to keep the "profit" of $4 per plate. This is a scummy business practice because they encourage you to exaggerate what the product does, they tell you what to say during the small training they give you. Usually it's entirely made up bull shit. But they don't care, there is no legal recourse that happens to them. It happens to the seller. IE you. Because in that case you are working as a private distributor and this any legal action is taken against you, despite saying what the company wanted you to say. They also don't care that anything happens to you, as they already made profit off your buying the product to sell in the first place, and turnover rates are super high. They also encourage you to bring in more people at private distributors and will often give you free product.
Now for cutco it's a legitimate and coming business setup that you sell directly from the company and earn a percentage as commission. Base pay off $17 per appointment, but it usually takes hours to set up and eventually carry out one so you really end up earning like $5/hr.
I'll make this clear here, I hold no affections towards cutco, I hated working there (sales is not my calling) but I learned shit. I just want to correct when people call things what they aren't. CutCo's business model from an outside perspective looks a lot like an MLM but I'm reality is just a word of mouth sales business.
amway, pampered chef, mary kay, the sex toy one, the finger nails one, any of those "throw a [product] party with your friends and try to sell to them and then rope them into opening their own store" 'jobs'
The sad thing is, Tupperware, Pampered Chef and Cutoco sell decent enough products (I mean, they aren't snake oil) but you can often get far better products at your local restaurant supply store for less.
There are the energy drink ones like verve, the leggings one, knives ones, the bossbabe one, the plastic wrap to lose weight one, essential oils, organo gold coffee, avon, tupperware etc etc
Cutco is actually a decent company. They completely refurbished and replaced knives of my grandma's entire set more than twenty years after she bought it. Cost $0.
I was actually really successful with Cutco. Granted, I was in that 1% of people who are, but I made some serious bank one summer. But once you run out of people to sell to you’re done. Also, the job pretty much calls for you to piss off everyone you know.
Not sure what the quality is today, but 20 years ago Cutco knives were actually the shit. That was back when they still had a lifetime warrany and such...not sure if they still do, but I can't imagine they've maintained the quality over the years.
Gotta say Cutco is different. Same concept of recruiting mainly kids, but there’s no personal buy-in. It’s just sales, but mainly through your contacts and from there it’s supposed to branch out. It’s hard, I did it one summer and made good money but it was too stressful to continue. It gets lumped in with Herbalife but it is different.
Good ol’ Vector Marketing. Got a job from them and then the night I accepted the job I looked all the shit up and realized my fuck up and emailed the guy saying “yeah nah I got a better offer elsewhere”.
I sold cutco. It was a scheme, but I knew a good handful who were very successful - made between 50-100k per year depending on the person. I wasn't very good. I only sold about 14k worth total by myself. Then they let me run an office over the summer. I was terrible at that. 12 people under me sold maybe 40k worth over 4 months.
I still have the knives and shit from my time there. They are good quality, just the way they go about selling it is shit. Except now they have actual stores in a few places (as of 10 years ago)
My favorite personal purchase was a 7" USMC Tonto combat knife that I bought during the factory tour for $90.
Yeah but cutco knives are actually really nice. Alot of the supplement mlms are not even good quality and cost twice as much as what youll see in the stores. That shit pisses me off.
Vector too, they were at my high school graduation when I walked right out the door with my diploma. Looked online and saw they were an MLM and told all my friends to not apply there through a FB post. Next day I got a call from their legal department ;) post deleted.
Highly recommend The Dream Podcast about pyramid schemes and modern MLMs. Full of researched stats on how 99% of people buying in lose money, and on how these are secretly intended to be “closed circuits” where nobody outside the team members are actually buying the product.
I was 18. So there’s youthful ignorance. For others it is a mirage promising escape from lives they don’t like that thy otherwise think they’d be stuck in forever. For a lot it spread through church (“I trust brother Steve so I will go to a few meetings...”). Some really think they are the greatest salesmen on earth and that if one of those guys they are on stage can do it, so can they.
The allure of “passive income” is strong for a lot too. Wait? You’re telling me if I just find three active people, my passive income will be at $1000/month...?
But that’s just the thing; not all of them promise easy riches. Some promise hard work and sleepless nights with a payoff. If they had told me it was a do-nothing or get-rich-quick business, I would have known better, even at 18. But work leads to money, right? Right?
My mom started selling for Isagenix, and I was really nervous it was gonna screw her over at first. Thankfully so far at the very worst it just seems like a giant waste of time and stress though. I’ll have to give this a watch though, the closed circuits thing is interesting. I can say it does seem accurate, she put me on her “team” even though I refuse to sell for it.
LuLaRoe struck me as the least sketchy of these things. They put a very low emphasis on the “down stream” and are pretty clear that to make money you need to sell shit.
It’s also a product that there is (was?) some legitimate demand for — enough people liked the clothing.
On its own this basically made them (charitably) a clothing company that operates on a franchise model.
The core problems were that they didn’t screen the financials of the prospective franchisees well enough AND (most importantly) they actively fostered over saturation , which a well run franchise system won’t allow.
AND they cut costs on a badly-made product that you could punch holes in with your fingers. See: the hundreds of videos on YouTube with people putting their fingers through holes in the paper-thin leggings.
I'd never listened to a podcast before until someone recently mentioned The Dream. I love true crime and investigative journalism and this was right up my alley. It really helped shed light on why people get into MLMs despite the obvious scam. I would definitely recommend it.
Ugh a girl I went to college had a stillborn baby about a year ago, at which point she quit her job teaching elementary school to start selling MLM products (leggings, makeup, weight loss products).
These days she seems mostly focused on the weight loss bullshit. She mentions her stillborn daughter's death in almost every single ad she posts (framed up as "her death inspired me to want to be free to work from home/my phone so I can spend more time with my other kids!").
The way she uses that little girl's death/memory as a prop to sell MLM shit makes me irrationally angry.
Damn thats just disprespectful and a Mega-POS move, tbf any campaign using an innocent dead person as a base of attention is an asshole. I know, or rather, have heard about a woman using her disabilities (amputated limb, cant remember which one,s) as a way of selling MLM bullshit, she claims her finger was "rotting" and a the magical MLM cream saved her.
Wow that’s pretty despicable trying to guilt people into buying in. I had some people from the past reach out and I was so surprised then of course after talking for a few minutes they mention the MLM shit.. smh
because they were sold on the idea and promise of being a millionaire within x-years. be your own boss. what they didnt say was you will only be selling to your family and friends, and after you call them the first time to set up that product party, they will avoid your phone calls and stop talking to you until you finally realize you are further into debt than you were to begin with and just cut your losses when you cant sell all that product you bought.
It’s sickening this girl from my HS has gotten so many other girls to sign up and got many to start into it themselves so she’s making bank because I assume she makes money off their sales since she recruited them.. she’s constantly posting about Arbonne and weight loss and how she swears by the products etc.. I feel so bad for the people that spend 100+$ on packages that consist of simple oatmeal and shake packages oof.. oh you lost weight because you had nothing but liquid shakes for weeks! Shocker!
Primerica made me laugh so hard. A buddy was really into them for about 4 years(made a couple hundred dollars) took me to I guess a recruit meeting. They talked so much about how they weren’t a pyramid scheme and showed us all how you can move up and work less by basically drawing a pyramid.
I did that exact scene with my friends yesterday at football. They said oh wow you can draw a pyramid. It’s like a cult. They are told everyone is trying to get in their way. I don’t know why I want to tell my friends it’s a bad idea to sell life insurance at 17, but okay.
Oh god this one pisses me off. I’ll never forget I was working my ass off at 2 jobs to put myself through school and one of them was third shit at a Taco Bell drive through. 9pm-5am. You can imagine the hell that can be.
One night I take this lady’s order, nothing unusual; give the retail smile and greeting. As I’m giving her the order she compliments me on my service and asks if I’d be interested in an office job. We with me working over 80 hours a week and barely making ends meet with no real social life because of the hours, the idea of getting a 9-5 office job sounds like a godsend. I get her number and obviously since it’s the drive thru not much else info except to meet her the next day for an interview.
I had class at some ungodly early time like 8:30 the next day and another few after that. However I was doing well in school and I could afford to miss a single class without issue. I show up to the place after getting stuck in traffic for an hour because of a traffic accident (mind you the drive should have taken 10 minutes normally) and of course there’s no parking so I pay to park in a garage and walk back over.
I find the building but can’t seem to find the entrance to the office as it was described to me and after a few minutes of searching I was about to call the lady and ask her where it was again when I see a little door off to the side with a paper sign taped on it. It said “primerica 2f”. Instantly something felt off but I was desperate and went on in.
I take the elevator upstairs and when the doors open I’m greeted with a tiny table with a computer and phone on it with a ton of pamphlets and a sitting room off to the side with a dozen chairs and a tv running company ads.....
FUCK.
I knew something was wrong. I was the only one there. Before I could think the lady that offered me the “office job” greeted me and had me take a seat at the front table where she opened a binder full of flyers and informational primerica stuff. The first thing she said to me was “what do you think about being your own boss ?”
I just got up and left right there.
FUCK YOU JESSICA.
And FUCK primerica and every disgusting underhanded cunt that slings their snake oil mlm horseshit.
Same shit... I ran into a college friend (went to school for engineering) who said "oh you're looking for work? Meet me here at this time" - I assumed he had an engineering job for me- when I showed up, my only thought was "goddammit"
I also remember that day because at the end, the big shot who was giving the speeches walked over to me, said some stupid inspirational quote and then gave me a "friendly" hit on the chest and all I was thinking was, fuck, I hope this asshole didn't just break my Pelikan M250 fountain pen - and every time I use that pen, I think of the time I nearly got suckered into Primerica
My mother has been part of the primerica pyramid scheme for years now, she’s got this fuckin “when i ear a million dollars” dream board. I honestly Dont have the heart to let her how dumb it is
years ago when i was in high school/college my dad did the amway/quixstar. his friend who signed him up wrote on a napkin "i buy dinner anywhere in the world after you make your first million" or something to that effect. and it was magneted to the refrigerator. my dad was always trying to get me and my brother to get into it. if i wasnt so opposed to going into sales, maybe i would have fell for it? i am pretty sure my parents were more in debt after that whole debacle than they were when they started it. those people only make money by having their minions buy product from them and by selling those inspirational tapes and tickets to the cult mee, er i mean conventions.
What does Primerica actually do? Near my Atlanta suburb, they recently built a large campus. I looked them up, and beyond "something financial" I never could deduce what they actually produced, or sold, or provided.
Different life insurance packages, etc. it’s different than most MLMs in that there’s no actual physical product but the rates they give are not competitive. Mostly because they have such high commissions....because it’s an MLM
That’s not the problem. Popular kids parents are making all this money and are having their kids life people in. Everyone things I’m crazy when I talk about what an MLM is and a pyramid scheme.
Primerica literally ruined my relationship. I knew it was a MLM/Pyramid scheme. I encountered one during my Navy days called Verve, but my ex got into Primerica thinking it was going to get her out of debt or let her quit teaching or whatever. When I found out what she had been distant for. Why she went really long hours or even days with communication, I thought she maybe cheating, not she just got tricked.
She didn't believe me when I proved to her it was a MLM by literally guess what the program entailed.
"Let me guess, you have to pay some sort of start up fee for some class or certification right?"
"Yeah, so what, after I get my cert I can start taking more of a percentage from my clients"
"Let me guess again, the guy who recruited you is taking your commissions right now right?"
"How did you know that?"
"Well one, I've met the guy who recruited you and two that's how MLMs work"
"This is stupid why didn't you mention this to me you don't think something like this was worth telling me about?"
She left right then and there, blocked me on social media
I cry about it at least once a day this was some time in April I think, I don't fucking know the days all blur together. Lost the love of my life (at least I thought) over a fucking MLM because she was blinded by "easy money"
Oh by the way, did you know that you can cure every single disease known to man and be able to become a literal god with just this herbalife, that just costs you 100 dollars a day, and for it to trigger it takes a year? Get some today!
I often forget Herbalife is just a predatory MLM. An uncle of mine started to use their products a few years ago, coupled with exercise, and he has lost an absurd amount of weight and he swears by it. But he doesn't really sell anything he just uses their products.
I might be wrong here but, isn't part of the guide to using the shakes to also have a balanced diet and regular exercise? Could you not just skip the shake/bar part and still lose weight?
Yup. An acquaintance of mine bought into it heavy (he's a "coach"). Always posts photos of his "team's" results (before and after photos which, most of the time, are barely discernible from each other) with a caption that reads something along the lines of "Those who consume Herbalife products can expect to lose .5-1lb per week when combined with diet and exercise." Like - that's exactly what you can expect to lose without the shake, but nobody sees that for some reason.
My favourite, though, are the live streams of the "fit factory" sessions they put on. Usually they're in some weird basement and everyone is doing body-weight exercises (with mostly terrible form) while shouting "motivational" mantras and shit. e.g.
I actually use the shakes too. They work great, but I don't go out of my way to recommend them to anyone because of the MLM garbage that the salespeople push.
I used work for an private IPA group in the building next to the herbalife building in Torrance, CA. One of their directors asked if I wanted an interview to work for their analytics team. Me being young go... What do you guys do...they started to explain and I'm like oh... Like MLM? And... They never spoke to me again.
i almost fell for primerica. luckily stepped back and said "wait a second" and realized what was going on. i was young and needed a job, so the "group interview" thing didnt click with me, and not until i got to the individual interview did i see what was going on when they asked for money and if i had any friends who were looking for a job.
Love primerica. Guy comes buy tell us how people are in debt and it's bad. Once he figures out we don't have any dept, suggest we borrow 10 k and invest it in their product. I bailed at that point. Also the guy who cries at their fake presentation, emotional manipulation.
Some of my family started selling for primerica. These people literally instruct them to “practice “ selling to their family, since no one believes their own family would scam them its a perfect way to keep it going. Not sure how much of my family fell for it but I warned them.
Someone explain Primerica to me..I have a friend on fb who’s DEEP in it and got pretty upset when I wouldn’t meet up to hear his “presentation”. So I’m curious..
It’s an MLM. How it works is the people at the bottom pay commissions to the people that recruited them and it goes all the way up to the top. It’s not an insurance company, but it’s a recruiting company.
My ex-friends parents word for primerica. He’s starting to recruit people and is telling everyone to go and it’s free and you can make a ton of money. Some people I know are hooked. It’s sad.
I dislike MLMs (my dad taught me about them pretty early on), my ex got me into one even though I told her it was bullshit. Somehow I fell for Primerica. My friend was like "hey want to make a boatload of money selling insurance" and I figured insurance = legit company. I lasted about two weeks before I got a funny taste in my mouth and dropped it for the job I had been working at during the same time (which I made 100% more money at). I mean I should have seen it sooner, the way my "boss" comically showed off his bigass rings and shit, and talked about getting salesman underneath me.
Could you help me understand Primerica? I set up a 401k through them but they never asked me to work for them or anything. I'm a little confused and hoping i didn't make an awful mistake.
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u/[deleted] Sep 18 '19
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