pfs investments pyramid scheme pfs investments pyramid scheme

So upset. At worst it means you have a poor product or poor reputation which is most likely deserved. This is a good money maker for Primerica and the finance industry in general- all on the backs of reps. Similar situation to how I found about this market a couple days after Christmas. Another woman, in her mid to late 20s like me, walked in and was handed the same paperwork I had to fill out. Im an extremely brutally honest person, so when he asked what was on my mind i told him the truth. This is how Primerica works. If it sounds too good to be true, mostly it is..Thank you again for posting! Currently my interview still stands, I was apprehensive since Ive worked exclusively in retail but excited to explore a new field of work. Known as a co-founder of EarthLink, the internet service provider that . When we get in rm 232 some guy said oh welcome here is the pepar to fill out, I was wondering if this is real? Its a good 3 hours of my life that I will never get back. BBB reports on known marketplace practices. Top investment analyst recommend company in books, on the radio programs, and on TV programs. If youre reading from the bottom up, pay close attention to what Tom (June 2014) & Anonymous with Accounting Degree (January 2015) have to say. Then post your experience good or bad. Especially one that deals with financial education and asset management. When I started asking for e-mails and more information about the company. Because MLMs are pyramid schemes in which 99%+ are guaranteed to fail. Like my parents support me and are very smart with their money. Business opportunities are not for the weak at heart. Thanks guys for ur time to let ppl know who primerica is. It was a sales job selling the best cutlery ever but in fact it wasnt. We finally found David. https://www.nasdaq.com/press-release/mary-kay-inc.-announces-awards-milestones-and-accomplishments-from-full-year-2022 Anyone quoting pink truth (aka themselves) like this attempted sub-feeder blog and the gm one, I agree! She told me that she was expanding her business, she worked in financial services, and was looking to hire people. Any conclusions drawn by myself are opinions. I called her back a couple days later and she scheduled an interview for this coming Monday. Our two conversations over the phone were all about me my background, who I was, what I was looking to do he barely said anything about what he was offering, just that he was interested in taking me on if I was the right person for a company that was looking to expand. Thank you for the information. Like Im not with all the talk and I need proof. They asked about my work situation and I told them that I got a job a few months ago. MLM, in contrast, is a scam based on the recruitment of people into an opportunity to recruit others its endless chain recruiting and thats a scam. Most will say no, but I just want to help them get answers and maybe I can get them a solution. I am grateful for the posts by so many and I am glad I cancelled. I told him thats respectable and that Id let him know once I had a more sound judgement of my availability. I had an interview scheduled for tomorrow, but something was really fishy about the entire thing. At least then they can make informed decisions. I feel so used and abused, and the trust is gone! I have been invited to go to their local stoughton office for the meeting where i would be taught getting out of debt tactics while making $$; spoke about how his son was making 37k a month, his other son having a house built blah blah blah. This deceptive practices should be reported. Afterwards I was a little bit unsure Id made the right call I am unemployed, after all, and work is work so I googled Primerica Scam. I didnt have time to listen to the whole message at first and wanted to Google the company before I returned his 1 and a half minute message. I am saddened to see this website because the information given is totally inaccurate and people will listen to this guy instead of researching on the GOVERNMENT websites to see that Primerica is an amazing company! After reviewing those comments I will not be going for and interview. I received a call today from a lady at Primerica, stating that someone referred me, & she would like for me to come in for an interview on Fridaybut when I asked who the person was that referred me, she couldnt give me a name. It was a group interview. I though I was going on a great interview in my early twenties when I strolled into Prime America! Thank you for the honest comments, saved me time and money. As cool as this possibility sounded, it just seemed way off, I had many red flags that popped up and wanted to inquire on them, one of which I did, but figured Id investigate a bit first. Do your research people dont fall for pyramid scams. Ironic, since recent grads are the least likely to be able to afford to pay to get into this crap. For only $99 you can be licensed to sell insurance to others with us. An mlm opportunity is not a pyramid scheme when it promotes and sells products or services, not just memberships. I didnt want to be rude to him with my best friend trying to work there but it just didnt sit right with me. I took a few deep breaths and began to greet reps I knew as they began to enter for the Opportunity Night. And again, its only gross revenue and doesnt include the costs of doin business theyre all responsible for out of pocket! Got an e-mail (I use that term lightly, he had a hotmail address) from someone saying my resume had been passed on to him. Third, my agent told us that he much preferred to bring in people to work just part-time, and he had for his first 18 months with the company, because it takes a while to support oneself in this or any commissioned sales position. to sit down with them to straighten their finances out. The man told me he was a head hunter and had seen my resume on Career Builders. The dude ignored me completely. She stated that it would be for the Fort Lauderdale office but that more locations would be opening. Does anyone know of other companies besides Primerica that are employing these same tactics? If this company is a scam how is it we just ran the closing bell at the NYSE? But like I said, we are all set with our banking. Which is why a I didnt go down that path. I was in the middle of Target, shopping in the electronics aisle. Naturally, none of this sounded normal. Keep them going with promises of big fat contact lists. No, I have never been a part of Primerica. Thanks everyone for your stories. To all of the above comments and so called pros in the MLM companies, to each their own. Right before the presentation I actually heard ex boss whisper to the young sales man, I thought that this would be somelow hanging fruit for you and nods to me. No, I never joined Primerica and walked away. She chats up the bartender who seems wary of her. Looking them up, I found this thread and Im grateful I told him to take a hike. My friend at the time asked if I wanted to join an informational session with Primerica and see if it was something I would be interested in. It was withheld from peoples pay. Youre just a bunch of lazy, whiny children. I mean, what was taken from them? Since I barely heard her, I asked about 3 more times before clearly hearing PFS, which I noticed she did not once tell me what PFS stood for. Primerica offers a variety of financial products and services to consumers through their nationwide sales force. If your goal is sales, join a traditional company. My daughter was contacted by Primerica and she told them I was looking for a job. I got a random call on my cell phone from a Primerica Financial Services rep in Charlotte, N.C. Said his office manager was trolling the Internet for resumes and found mine. Primericas site is for the people they con into buying insurance. He set me up with an interview with the lead, and when I went in, it was really no interview at all. MAIN ADDRESS. Thanks for the info. Two girls were there for the job too. I realized, if success at PFS meant doing this forever, I might not make it. I would try to ask the instructor questions about the topics and he would tell me not to ask questions just memorize the material and take the test. The truth is that the interview is no interview at all. A large black SUV, an Excursion or an Escalade, pulled up next to me and a rather dapper-looking kid about middle school age got out as his mother sat in the parking lot, engine off. Im not trying to drive traffic to Pink Truth. As shes leaving, she stops and says, You know, I never do this because its disrespectful to approach people at their jobs. You have to have an insurance license to work. That night I came back to the office a bit before 6, when the first interview had been set for. Baffled, I shook my head. THIS IS A BUSINESS, and youre too lazy to work for yourself or want to educate people on their finances. I sign some kind of agreement that she mysteriously summarizes for me instead of letting me read. BBB Business Profiles are subject to change at any time. If you really want to sell financial products, youre much better off doing so through a company that is not an MLM. Conversation went out and he tells me he likes my personality in which Ive been told many times over. good looking into this before going to my interview today. At least this way, I can practice negotiating for a higher pay level, and interviewing in general. I think the biggest tell tale sign that you are getting involved with an ethically questionable company if you have to ask who they work for or grill them on their business model. Something about honesty. Amway is a well-known brand based in the United States that distributes health, beauty, and home care products through a network of independent business . As far as heightened prices if this is the case how is it that their clients save money on the services? I dont go to unnecessary meetings or bother my warm market because its a legit service. A review of their Company of Destiny report big earners chart, once applying the fine print written below it, reveals that only 1% at best, of all the reps in their entire history since 1977, ever broke the $50k level, once or more, during any best 12 month rolling window. You should really just target people who dont mind selling this way instead of rounding up a large number of people to attend presentations. Once reading all these reviews I called back my recruiter and asked for more details about the interview and he was vague. I am bewildered that a casual lunch chat turned into an application, job interview, explanation of the job (in that order), and finally my being hired. She also told me she was just leaving church lol. My current position is a dead-end job and leads nowhere so I was interested in a promising new opportunity. In the end i never scheduled a follow up. No, regular companies that are set up with levels of management (such as Walmart) are NOT pyramid schemes. Contrary to rumors out there, Primerica is not a pyramid scheme. I was excited and didnt even think to look up the company until I got a text message at 11:30pm to confirm my interview. Even the classes were weird and subpar. Jorge Exactly what is false and untrue in this article? The first presenter is very good. Multi-level marketing is a scheme by which people who are in first make money from those who come later. He said they need a financial planner. He went on to make about six more calls, each leaving me a little more tense than the last. MLMs are legitimate but a prospectus or other similar vehicle should be required for prospective recruits just like a stock or mutual fund offering, identifying exactly what fees are involved and what is specifically required of the representative. I eventually gave in and asked for her business card, she told me she had left it in her office. Dont confuse this with a real business. Thank you so much for sharing the information! These companies actually have them sell their products. I was approached by a lady who came shopping in the store I work @ now. For any agent to be paid any comm. Promptly at six a man walked in and introduced himself and said he was there for an interview with John. He asked if I have ever heard of Prime America (looking at this site at the same time) I said yes, he sounded surprised oh you have Yes I said. Summary: Primerica is a legit company with a long track record. Representatives of PFS troll the internet for job seekers, harvesting resumes from job sites. In essence, 95% of their force starves while making the top 5% rich. I have an interview with them tomorrow. It wasnt my first time hearing from Primerica. I just had a very recent run-in with a Primerica recruiter. I swear it literally looked like an apartment building inside with rooms separated and a dark hallway. I mumbled something about Ill see what I can do said my goodbyes, and bowed out. * Finally, does it have to have an hourly salary to be job? I had an interview yesterday with the regional Vice President. I informed him this job sounds just like the foolishness I mentioned above, and that I will continue to research the company before I consider whether Ill go to interview Friday which I highly doubt I will do thanks to this page! I will be posting this to all of my social media, explaining what a scam this company really is. Humans are not numbers! I wasent sure what to expect, all she told me was to dress proffesional and that was it. Then he started talking about me bringing in names of people to add to my team for my business. He told me that I would make more money by bringing in people. Well, okay Atlantis it is. A phone call is more personal, and taking down someones number to give to ones own trainer is the model we use. Youre building a team of individuals to get them to the top, too. The MLM company has all the power and they just sit there and watch the money roll in while their distributors lose. Blah blah blah blah. I see this company hasnt changed much since my friends husband tried to recruit me 4 years ago.