Primerica
- Thread starter dherrera83
- Start date
- Location
- Huntington
You know if you draw out their format on paper it helps to visualize the very triangular "not a pyramid"...
There are a ton of these out there. I was recently approached by a guy I know about Ambit Energy, which if you ask me is one of the worst offenders. They just needed $499 to help me get started and that got me a few tiny cookie cutter websites. But as long as I recruited new "customers" (who of course may or may not actually save on their utility bills provided they recruit at least 15 more people) I could be making $40k a month in a few years... When you actually start looking at it and asking the hard questions, they normally start to fall apart quickly. They're designed to sound like a great opportunity and you would be an idiot not to go after it. The exact opposite is the case.
The truth is that you can make money with these if you are among the very first/ top teir of workers. The people they show in the video probably got in week one and you joining is just a drop in their bucket.
There are a ton of these out there. I was recently approached by a guy I know about Ambit Energy, which if you ask me is one of the worst offenders. They just needed $499 to help me get started and that got me a few tiny cookie cutter websites. But as long as I recruited new "customers" (who of course may or may not actually save on their utility bills provided they recruit at least 15 more people) I could be making $40k a month in a few years... When you actually start looking at it and asking the hard questions, they normally start to fall apart quickly. They're designed to sound like a great opportunity and you would be an idiot not to go after it. The exact opposite is the case.
The truth is that you can make money with these if you are among the very first/ top teir of workers. The people they show in the video probably got in week one and you joining is just a drop in their bucket.
Yeah... I am alittle late, this things been on for some years now...
- Location
- Huntington
I love the magazines some of them show you with the company on the cover with a title saying "... fastest growing company of 2011" or "...best new company of 2011" etc. If you can't easily tell that the entire magazine is just a big print ad made by the company than you deserve to pay them lol.
Name one reputable company that you know of that does this. Whenever you hire someone you are going to take a risk on them. even jobs with crazy high turnover (think mcdonalds, the gap, etc) dont do this.
the model seems to be to make money by developing a steady stream of suckers to get more suckers to sign up and fork over a couple hundred bucks.
I didnt say i knew of one. I said i kind of see the reason behind it financially considering they will be paying for someone to obtain their licenses. However, i do see what your saying but i am just trying to see it from different angles. Like i do with my little reef in my livingroom...
In the end i have concluded that this has been a very bad idea... Like the time i invested all my money in lotto tickets... lol
lfsmarineguy said best when he said:
This is prob better for someone who is un occupied and starting out, might be just alittle better then flipping burgers like someone mentioned. The reason i say this is because they do provide you with the matirials needed and help you obtain financial licenses like life insurance and stuff. But this is prob not a good idea for soemone with a career and a family.
Thank you all for your help and information. Its great to be able to put soemthing out and get good feedback. MR is like a one stop shop... lol
This is prob better for someone who is un occupied and starting out, might be just alittle better then flipping burgers like someone mentioned. The reason i say this is because they do provide you with the matirials needed and help you obtain financial licenses like life insurance and stuff. But this is prob not a good idea for soemone with a career and a family.
Thank you all for your help and information. Its great to be able to put soemthing out and get good feedback. MR is like a one stop shop... lol
- Location
- Huntington
Herrera, you also need to realize that these companies aren't new and they have fine tuned their pitch over time to make sense even though there isn't any. When you start really looking at it objectively there is nothing there but a few clever phrases and word choices. It's like watching a fairly good magician do close up magic. You know it's fake and there's a trick but it seems so great you want to believe they just pulled an ace out of their butt and that's what they rely on.
- Location
- NY
I know you said you aren't going to do it, but your statement above still scares me. After everything everyone here posted, you should understand there is absolutely no one, not any human being that you can say this company is better for. It is a scam from beginning to end. There is NO MONEY to be made, other than for the founder and maybe his first and/or second person he originally scammed.
Nobody in these pyramid schemes works to sell any product. All they try to sell is the company and recruit other suckers. Remember, every sucker they recruit, THEY make $124 (minimum).
Another point I didn't see mentioned, all of your family and current friends will eventually hate seeing you walk towards them on the street. You will always be trying to recruit them, and they WILL resent you for it.
Glad you decided to nix this idea. You should always nix a company trying to recruit you, if they ask YOU for money! If they see potential in you, they will be willing to invest time and money in you. Not the other way around.
Russ
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