MLM in your face?

fostever

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Chicago
Has anyone on this board had someone try to sell you on an MLM oppportunity while you were wrapping up a sale? I hit it off with this couple and am in the process of writing a individual health policy with this lady, who I uncovered has a Mega policy, as well as the MA plan her husband took. I took their CD and decided the product was a good concept but too pricey for your average Joe. I think I'll try the product but don't want any part of the business. They were really pushing and I prefer to do future business and get referrals. Any suggestions?:idea:
 
Don't bother with them, get them as clients, if referrals come naturally, so be it. I can't remember the product a gentleman I worked with was 'pushing' but all I can tell you is every conversation ended up with a talk about his crap, and it got pretty darn old after a while, and I finally just gave up and ended the relationship.
 
Funny but I had this happen recently. There was a woman who bought an IFP plan and then wanted me to be her "customer" for some kind of phone network marketing company called ACN or something like that. I told her I was not interested, that I had a long-term contract with my phone company... and she was OK with it. (Ended up writing her mom an MA plan when she moved here from LA.)

Recently I wrote a small group and on the day of the enrollment, in the waiting area among the magazines were several copies of a catalog for Jafra which is a high-end cosmetic company. It seems the benefits administrator whom I'd been dealing with for months during the pre-sale was a Jafra rep. She never said a word about it. I took a catalog and had my wife order some goops and creams (yeah, like I had to FORCE her! Right!) and I bought some cologne. Total came to about $80. The bene-admin was REALLY happy about that... and it cost me pocket change compared to what I will make on the group.

Usually I give clients a gift certificate to a local Italian restaurant or a book store but this was more "personal." (Always use local businesses for gift certificates and not chains like Starbucks, because you will get THEM as customers sooner or later as well!)

No sure how this is relevant to the thread... but what the $#@!.

Al
InsuranceSolutions123 Agency
 
The other day somebody was telling me that an old A.L Williams guy was trying to start an mlm of sorts but with AIG. He wants me to attend a meeting on Tuesday. I am not a fan of mlm.

Pre paid legal pops up every week around here in my town in some form.

The other day, somebody was trying to recruit me to some mlm electric services provider. Like the phone service but electric.

When you tell them you sell insurance, they get exited because they are so used to recruiting newbies with no idea, they think somebody who knows sales will know what a fantastic opportunity they have there at the old mlm.
 
I would tell them MLM is a scam but the similarities between MLM and the Insurance business are unbelievable.

Recruiting, Commissions, everyone eating off of everyone below them...

You have to tell them you are not interested and be firm, if you talk about it and don't firmly walk away you are setting yourself up for an uncomfortable follow up.

I have many clients trying to sell me Oil and Gas wells... Some I blew off, could have made some good money - but my crystal ball wasn't working that day. There were several wells that hit nothing but air and were capped - ouch...

Bottom line if it was such a "sure thing" the bank would loan them the money.
Remember I am in Texas...
 
The main difference between a MLM and the insurance biz is the goal of new agents isn't to hire new agents - it's to write business. However, Primerica is indeed a MLM for life.
 
The most entertaining thing about MLM and the internet- is the amount of sites devoted to bashing MLM.
 
I stopped going to my community's small business meetings due to the MLMers. My community has a small biz group that meets once a month. I went twice and about 12 to 18 others show up.

Almost half are MLMers from Pampered Chef to Tupperware to a girl doing Pole Dancing parties (yes, they get a bunch for girls together and she brings a pole to the home.)

The MLMers dominate the meetings, are not interested in a single thing anyone else has to say and it's a barrage of solicitations to give them names and numbers so they can set up demo parties.

The opposite is my chamber of commerce which heavily frowns on MLMers joining, although they do allow it. But what they don't allow is the direct solicitation of other members at events unless it's a designated event. Because the MLMers can't hawk their wares at every event they don't show up.
 
I would tell them MLM is a scam but the similarities between MLM and the Insurance business are unbelievable.

Recruiting, Commissions, everyone eating off of everyone below them...

You have to tell them you are not interested and be firm, if you talk about it and don't firmly walk away you are setting yourself up for an uncomfortable follow up.

I have many clients trying to sell me Oil and Gas wells... Some I blew off, could have made some good money - but my crystal ball wasn't working that day. There were several wells that hit nothing but air and were capped - ouch...

Bottom line if it was such a "sure thing" the bank would loan them the money.
Remember I am in Texas...
Thanks for the advice. That was my inclination to say no and be honest how I felt. I've been with World Financial Group, NAA and been to a Primerica meeting. I was really sick of the constant push to recruit and the flaunting of wealth to entice people. The last thing I want to do is push a product (vitamins in gel form ect.) in that arena.:nah:
 
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