First, you apply, and then they send you a test, where you have to start transcribing following super easy instructions. Primerica is a multi-level marketing company. Primerica is a legit MLM company that sells financial and insurance services for over 42 years already. A publicly traded company, Primerica was founded in 1977 and considers its market middle-income families. •. Primerica is a legitimate company offering people legitimate products and services. So, yes, Primerica is a legit company. Please be aware that fraudsters may link to BrokerCheck from phishing and similar scam websites, trying to steal your personal information or your money. The woman who recruited me convinced me that they would help me learn the business and help me get my agent licence. It is a legal pyramid scheme. The fund managers managing the money are not primerica reps with no background in finance, they are legit fund managers for the major fund companies. You should be moving you should be moving your funds to a roboadvisor or self directed account and WealthSimple or Questrade. It is a legit MLM business opportunity that has been around for more than 40 years, and it’s possible to make real money if done right. Primerica's primary focus is life insurance, but the company also offers other products and services. Primerica is a term life insurance company that offers no-exam and no-medical exam options, but has high rates and limited coverage options. We would like to show you a description here but the site won’t allow us. user636906. Then every one they sold is stuck with poor performing investments and the. Anyway, I'm here to discuss on how Primerica is not a scam. In short, Primerica is a network marketing company that does have some issues but it’s definitely not a pyramid scheme or a scam. 20% of Primerica employees are Hispanic or Latino. Primerica Review 2017 - What They Don't Tell You - Is Primerica A Scam Or Legit ExposedGet access to my #1 recommended program for building your business onl. Above all else, I think they were just happy that I got a real job interview. Then the people wash out because they can't sell, realize the company is a scam, etc. " Primerica is not the largest of its kind, nor does it have a trillion dollars in assets. There are a few rotten eggs within the company's managerial staff that can make work life difficult. Here you spend most of your time trying to recruit people and actually get paid from the amount of people you can get to. Primerica Job Review. Although some people do make a lot of money. (NYSE: PRI) is a leading financial services company that distributes financial products such as term life insurance, mutual funds and annuities in the United States, Canada, Puerto Rico and Guam. Whether Primerica products are the best in the market is entirely different, but these products compete favorably with their rivals. And hopefully I can save one person from falling into the trap I almost did when they search on "Primerica Scam" like I did. This policy is available with custom term lengths, with a maximum term of 35 years. Interested in Primerica life insurance? Read our review of Primerica’s plans, cost and riders. In today’s essay, I reveal the truth about Primerica, and what (surprisingly) is concerning learn working with Primerica. People participating in things like Primerica will lie to you about how much money they make, because they get paid if they convince you to sign up. Moreover, I’ll also address: how the Primerica business opportunity works, how Primerica agents make money,Primerica Financial Services is a multi-level marketing company that is heavily regualted by the Securties and Exchange Commission (SEC) as well as FINRA and the State Commissioner in all 50 states. They give each other money from every rep that signs up a family for Vivint. Instead, Primerica is a legitimate business created by A. They will recruit just about anyone to be an ”advisor” train them dirt cheap (just enough to pass exams) and get so sell family/friends. By the way, Primerica has a long-lasting business record and definitely provides some legitimate financial products. The company also suffered from several lawsuits and it had to set aside $15. Yes, Primerica is legitimate. My rep said something about there being four ways, but seemed to intentionally keep it vague. Best, a top Credit rating agency, meaning that the company can meet its financial. Primerica is legit. You can not make money with Primerica unless you are a good financial planner. Primerica has created more millionaires than any other company. Primerica is a financial services company that has been in business for over 40 years. Primerica is a corporate general agent that markets financial products, including life insurance, through independent contractor sales representatives. The people were great at first. Primerica is a life insurance company that offers term life insurance with up to $5 million in coverage and coverage until age 95. Billy Wong set up a booth and made it appear that this was a legit insurance company looking to hire for paid employment. [deleted] Primerica is a life insurance company that sells term life insurance nationwide, with a multilevel marketing structure and. About Primerica, Inc. com has been based on an analysis of 40 facts found online in public sources. What I Didn’t Like About Primerica #1) It’s An MLM. A huge scam. Primerica is not a scam. Their rates are usually higher than the competition. I can second this. Primerica. 00 for the use of POL - Primerica Online Service. Primerica has offices in every state across the U. On their website, Primerica claims that they. except North Dakota and has more than 130,000 independent life insurance. Appen is a scam. This experience was a HUGE WASTE OF TIME not to mention before you get “hired” you’re supposed to pay a nonrefundable $125. It offers a financial needs analysis and a range of add-ons, such as riders and investment accounts. I’ve written about Primerica in the past, questioning whether Primerica is a pyramid scheme, and whether PFS is a scam. However, the firm has advisors across all 50 states, as well as Canada and Puerto Rico. Second the license to sell insurance is $200, which either the employer would reimburse you or pay for you. If you can't be bothered to type "Primerica" into google and see immediately that it's a complete and. 4. 2 comments. This post is intentionally titled "Primerica Scam" with nothing else. But as the Duford Insurance Group points out, people often assume it’s a scam because of the. Primerica has over 2,000 corporate employees in the United States and Canada who support approximately 130,000 independent, life licensed representatives across North America ii. This should not be a legal practice but. It’s a legit insurance company that offers financial products and services using a multi-level marketing approach. You only need to pay $25 a month to stay active. Primerica is a legitimate company that has been in business for over 40 years. Jobs are in a really weird spot where there's a lack of workers in some areas and a surplus in others, and unfortunately a family member of hers recommended her to a recruiter for primerica a company that sells insurance and financial benefits. Scams can still be legal. They aren’t doing anything illegal. Primerica - Financial Services Since 1977In conclusion, Primerica’s status as a pyramid scheme is a topic of dispute. You can get coverage for up to 35 years with Primerica. Or self invest in ETFs. Contrary to rumors out there, Primerica is not a pyramid scheme. Is Primerica a legitimate life insurance company? Based on Primerica's ability to maintain an A+ rating from A. Well, yeah, if you quit, you won't make money. Just like other multi-level marketing schemes the business model is based on churning through new hires that sell to friends and family. Primerica issues policies worth as little as $15,000, and they can go up to $10 million or more for qualifying applicants. That’s what a scam or a pyramid scheme is, and WFG is not that. The company earned 3. For some reason a lot of people seem to think that anything with a multi level compensation plan is a scam. There is a monthly fee of $25. ago. g. 55/5 Average of 122 Customer Reviews Read Reviews Start a Review Customer Complaints 196 complaints closed in last 3 years 67 complaints closed in last 12 months. There are about 150,000 workers and a $5 billion market value. They are a financial services company that helps people get out of debt and build wealth. The average individual earnings of their representatives is $5,156 per year. It sounds a lot like Primerica, might just be a “team” name for Primerica. So it seems sketchy when you have excited new recruits trying. Scam? Predatory? I have a buddy who’s been trying to get me to do this Transamerica financial planning and shit with him. It was a wonderful experience meeting my co-workers (over zoom). Some people are ready to call Primerica a scam simply because it's a multi level marketing organization. control of time and earnings. Primerica is a legitimate company offering term life insurance policies, but most people can find a better policy elsewhere. If they collected your contact list you may want to send a warning out that anyone calling from primerica claiming you recommended them is a scam. Examples and Templates for Asking Your Boss to Work From Home. This company is most certainly lying and bending the truth using double talk to paint a picture so perfectly for you that you needn't ever think to hard about It. JD Power Customer Satisfaction Rating 784 AM Best Financial Strength Rating A+ Show Pros, Cons, and More Primerica Life Insurance Currently, Primerica offers a range of. In this article, we'll also show you a few other fraud prevention tips including what to do if you lost money to a scam. Also very cult-like. Network Marketing. As you can see there have been over 5 million lives insured and 2 million client investment accounts. Nevertheless, it's your responsibility to be vigilant for potential warning signs whenever you engage in online transactions. Scam! First and foremost no true employer would charge you for background check. Primerica is a reliable company that’s been in existing in the world of insurance for more than 40 years. Is Primerica a scam? Economics, Business and Finance. comMy Story:AlonzoAcademy. Primerica is a life insurance company that sells term life insurance nationwide, with a multilevel marketing structure and financial strength ratings of A- or higher. Primerica markets its term life insurance products to middle-income families with up to 35 years maximum. Now as of 2021 there is 108 million dollar earners. 91 per month, and a 30-year policy costs $30. Trust index -. Interested in Primerica life insurance? Read our review of Primerica’s plans, cost and riders. Primerica being seen on your resume would get it in the trash 10/10 times. The BIG piece of info that i found, and my saving grace through all of this, is that the man who tried to rope me in had lost a lawsuit for inadvertently exposing someone's personal information. When emailing with the employer, they should seem professional and well-spoken. ago. Can you make fast cash? I can’t recommend this company for fast cash. They’ve been in business for over 40 years and are a publicly traded company on the New York Stock Exchange. Is primerica scam or legit website? Reviews and complains 2023 - Primerica has been in business since 1977, selling life insurance and investment products toInterested in Primerica life insurance? Read our review of Primerica’s plans, cost and riders. Founded in 1977, Primerica Advisors is an independent financial services firm serving clients in the United States, Canada and Puerto Rico. primerica. In a society where we are. But it does look like an MLM based on the compensation model I’ve looked at which basically involves you building a downline and upgrading your position within the company anywhere from a district leader to a regional leader. So if you’re wondering if Primerica is a scam, the answer is no – they’re the. Primerica has an A+ rating from AM Best, an organization that rates the financial stability of insurance companies. In addition, Primerica has been accredited by the Better Business Bureau since 1979 with an A+ rating. That’s not a lot of earnings, and tend to be concentrated at a top in. It is a company that has been around for years. primerica. Rico Dibbert DVM | Last update: September 17, 2022. 9 billion. Sales Accociate (Former Employee) - Lake Worth, TX - April 14, 2023. The company has 535 reviews on ConsumerAffairs with an average rating of 2. primerica. Primerica life insurance a scam? Is Primerica life insurance legit or a MLM? My parents are looking into getting a life insurance through them and pushing my husband and I getting one. This company offers reasonably affordable insurance that are great deals. Williams Jr. The bottom line is that Primerica sells legitimate products and services (life insurance and investments), but. Is Primerica a legit company?Luckily she’s smart enough to see an obvious scam Reply CoffeeCurrency. Most know that they have an MLM-style hierarchy for their insurance agents. Primerica is the worst. The freedom to choose. Primerica is the Amway or LuLaRoe of financial services, but it doesn’t mean to say that it is a scam. Should I trust Primerica? Is Primerica a scam you should avoid? Primerica IS a legitimate company. "Primerica, Inc. It's a publicly traded insurance and financial services company. Thousands of other people, just like yourself, are looking to find out if the Primerica scam claims are true. Primerica has over 2,000 corporate employees in the United. 3) There are currently over 4. Destroyed my friendships with this job. I went to a whole spiel last night and while they do a good job of trying to be inspirational, I am still unsure how legit they are. We met with an honest, thorough representative from Primerica and he helped my wife get into a better RRSP plan through her work, without us spending a dime! We will continue to do business with them! Date of experience: December 19, 2020. You have to pay $99. Primerica is an MLM, and is very unique in how they run the company. Primerica was the #2 issuer of term life insurance coverage in North America in 2020ii,iv through its insurance company subsidiaries. Only three. So I work for a legit insurance company and have to explain to all of my family that 'yes a company I have been with for a decade is not a mlm, no its not like primerica. This was a huge scam and waste of money. Primerica is a company with more than $2 billion in revenue and most of the income is from term life insurance premiums. While there may be some negative experiences or misconceptions, the success stories and testimonials from satisfied customers and representatives speak for themselves. In 1977, we. It's not a straight up scam, but it is really hard to make decent money doing it. If you have to pay to work at a company it’s a scam. 81 per month for a 10-year policy,. With over 130,000 independent life insurance representatives, Primerica is a publicly traded company that has established its credibility in the industry. The company has been publicly traded on the. Primerica is a publicly traded company and has been in the life insurance industry for over 40 years which makes them a well established member in the life insurance community. com YouTube Channel:IS a legitimate company. In fact, they are a publicly-traded company on the stock market, and have operated for decades, helping people with their life insurance needs. Primerica IS a legitimate company. The company is founded in Duluth, Georgia around 2010. This is simply not true, though! Primerica really has three positions that they will hire on for a silent partner, sales agent, or management. Primerica Advisors offers. What is Primerica MLM? Arthur L. MLMs often have an income disclosure statement, and you can see how little money is to be made. Primerica is a financial services company that has been in business for over 40 years. Pyramid schemes are illegal. And if you have a life license they waive the background fee. You sell financial products and services and you recruit people into the business so you. I looked online and it seems like with $100 and $25 a month, anyone can be a Primerica advisor. primerica. Some call Primerica a scam and then there are some who call it legitimate. To make a living as a Primerica representative requires hard work and dedication. There are a few rotten eggs within the company's managerial staff that can make work life difficult. Too many people are too proud to admit when they've been scammed. That’s kind of silly if you ask me, because every company that has employees has a multi level comp plan. Primerica is a legitimate insurance company, but its limited offerings and limited transparency on pricing and coverage terms make it a difficult choice to recommend. The company has excellent. Is Primerica legitimate? Yes. Is Primerica a legit company? Despite a few lawsuits and speculations of Primerica operating a pyramid scheme, the company maintains an overall spotlessly clean business image. They tried to enroll me (it was an old classmate that I knew), I'm happy I made my research before being trapped by them. New agents would make money and not run away as they learn recruiting. Predatory? : r/personalfinance. , and Primerica is a subsidiary of Primerica, Inc. There is a few reasons why you will see some negative Primerica reviews out there. If you actually do end up being good at sales and work your butt off, you will. You will be hyped up as long as you do everything you’re told, but if you ask questions, you’re immediately shunned. She is no longer a Primerica rep so this review is unbiased. ago. (414) 281-1607. com Ultimately, the decision to join Primerica is up to you. In short they are a legit, middle of the road insurance company. Primerica is not a scam and this is proven by the fact that Primerica is still around. They need to focus new agents on sales not recruiting. . Segregated funds. I know a few people that gave it a shot and the only one that had any kind of success was a salesman before long before ever hearing of Primerica. They have been in the life insurance industry for over 40 years and are a reputable presence in that field. The BIG piece of info that i found, and my saving grace through all of this, is that the man who tried to rope me in had lost a lawsuit for inadvertently exposing someone's personal information. Read CR's review of the Primerica investment company to find out if it's worth it. Williams, Jr. Some of their agents end up doing very well in their careers by helping. Mary Kay, Colour Street, Amway, Monet, Rodan and Fields etc you will see how little money is made on average - and all the figures do NOT. Network Marketing. . As most of you know, I'm looking for work. 37 rating with only 143 complaints in 3 years. The main issue with Primerica is not the HQ environment, but with their field staffing. MLM, no matter what compnay it’s with is just a bad busienss model. Make sure you know who you’re dealing with when investing, and contact FINRA with any concerns. Primerica, on the other hand, is a legitimate MLM company that sells insurance and financial products. Thus the potential investors need to check the overall market before considering the stocks. 💸Not sure If you are on the right path in saving?💪 Download this FREE Financial Clarity Checklist: 💰Book a 3. ReplyEverything is fake. They are an actual legitimate insurance company, it’s just that insurance sales jobs (outside of the agents that sell to super wealthy clients) tend to be like this at a lot of companies. Within the 44 years, they have been in service, Primerica has not been shut down or even had issues with FTC. Primerica Products. There is a side of Primerica though that a lot of people considers to be a multi-level marketing scam. Using Primerica’s marketing. Primerica stocks tend to move up when the market is going up and down when it is going down. Plans for small businesses are either $49, $99 or $169 per month. The Primerica sales network is why some people consider Primerica a scam. The BRB Bottomline: BRB Columnists were invited to a World Financial Group (WFG) branch where they learned about “paying it forward,” the Exchange Principle, company-wide trips to Vegas, and everything it takes to make it rich by selling life insurance—all while our recruiter tried to sell us an insurance policy, hundreds of dollars. Customer Reviews & Complaints. One person who wrote in saying he works for Primerica, says these agents are acting on their own, in violation of company rules (see the post below). While not directly a pyramid scheme it's about as close as you. Here are the REAL facts about Primerica. Whether or not Primerica products are the best in the market is completely different, but these products compete favorably with their competitors. S. "Primerica, Inc. Sales Accociate (Former Employee) - Lake Worth, TX - April 14, 2023. In conclusion, my personal experience with Primerica MLM has been a mix of challenges and achievements. Summary: Primerica is an MLM company that sells insurance and financial services products. Primerica is a financial services company serving the middle-income market in the U. Reading some of the reviews like 99% of people never make money. 0/100. The main thing you’re being recruited for is access to your friends for sales calls. But the answer is yes, Primerica is a legitimate company. Is Primerica legit? Yes, the biggest problem you’ll have is new agents trying to explain Primerica to friends and families with the hope of recruiting them and gaining overrides. Primerica first started as A. But these are few and far between. So I get that primerica is a MLM/pyramid scam type thing but they sell legitimate products. Way too many people quit because they don't want to work. Pyramid schemes are illegal, and Primerica’s operations are entirely legal. They have a stupid ass MLM business model, but they’re not out stealing ssn’s and hawking them off. Business Started: 2/1/1977. . If you’re still looking for a way to make money online, this may very well be a turning point for you, too. Forum Index : RegisterIs Primerica a scam? Economics, Business and Finance. Ultimately, the decision to join Primerica is up to you. The products are definitely used by real people. Primerica is a legitimate, publicly listed, company. Primerica is a. She'll be an independent contractor with no benefits and a measly "commission" on outrageous policies she will try to sell to friends and families. . Years in Business: 46. Mission . And MLMs operate in a curiously triangular manner. So, is Primerica legit? Absolutely! They are the second-largest term life insurance carrier, having insured over 5. com is legit and safe for consumers to access. There are dozens of reputable companies that sell life insurance and they don't require you to attend a sales pitch. I have a great thing going for me with my schooling being paid for, I get a…However, they do offer legitimate life insurance policies. In Summary. Primerica Reviews. Primerica Financial Services has been around for some time now and is well-established in the insurance and financial sectors. Besides being a legitimate insurance company, they are also a multi-level marketing company. L. Is Primerica a Pyramid. Primerica Misconceptions FAQs Is Primerica legitimate? Yes. The license fees are refunded when you pass the exam and if you stay with Primerica. • 6 yr. The business opportunity is really two fold. Primerica offers term life insurance policies in increments of 10, 15, 20, 25, 30 and 35 years, but your options depend on your age. Primerica policyholders can call to get general policy information, make changes to their policy or cancel their life insurance policy. I personally put them in the category of an MLM scheme. 4 million to settle allegations. Primerica’s TermNow policy is the company’s sole life insurance offering. L. The Naked Truth! Primerica in its various forms has been around since 1977. Best For : Anyone who has interests in life insurance, has great networking skills, and is comfortable with recruiting people. . Other fact is Primerica has office in a lot of countries such as Spain, Puerto Rico, Mexico, Canada, etc. Primerica is a publicly traded company and has been in the life insurance industry for over 40 years which makes them a well established member in the life insurance community. , headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North. 241 reviews from Sales employees about Pay & Benefits at Primerica. I pay 130$ a year for my license, which I don’t even use anymore since I changed professions but I do it to keep it active to always have a fall back plan. Updated Oct 30, 2023 The Bankrate promise At a glance Not rated About Bankrate Score Bankrate's take Primerica could be a good choice if you’re looking for a variety of term. The firm’s legal name is PFS Investments, Inc. Your ‘agent’ might be a family member or a friend rather than a licensed agent but they. The learning curve is a bit too steep for most people, so it’s not best suited for everyone. Reasons to be Wary of Prime America or Primerica Life Insurance. Primerica is a fee-based financial advisor firm that primarily operates out of Duluth, Georgia. primerica. Q. This policy is available with custom term lengths, with a maximum term of 35 years. While there are rumors that Primerica runs a scam, the company has an impressive A+ rating but only a 3. Omg I'm gonna burst. The problem with Primerica is that they can only sell their product shelf, meaning they can't go to market to get you the best coverage. Is Primerica a scam? 5 Things you need to know before you join, will address the biggest question people have, and I have the answers based on my experience. Is Primerica legit? Is Primerica insurance legit or not? The answer is yes. There is better coverage available in the market. 2 out of 5 stars. Some contend it is a legitimate MLM company offering good life insurance products. CRD#: 10111 /SEC#: 801-72263,8-26486. Pros. Primerica seems to be a legitimate company, in contrast to many MLM companies that are also frauds or pyramid schemes. They sell financial advise and life insurance. Yeah, it is a scam. NOPE. Primerica is definitely a religious experience. I don't know if Primerica has one, but if you look at MLM income disclosure statements for any available MLM, e. They rent luxury cars and nice suits that they can't afford, talk about sick of being paid $70k/year. M. By outrageous, I mean that they are some of the LEAST competitive insurance policies on the market. 2. Funny how all these governmental entities missed the fact that it was a scam, but congrats you found Primerica out!Primerica is indeed a legitimate insurance and financial services company that operates in every state across the U. Another way is that Primerica works with legit companies like answer financial (company who works with progressive, esurance, Geico, etc) who give them a cut if a rep sells car/home insurance. It is not a MLM, but its compensation structure has features similar to a MLM. To become a term life policy seller, you must complete an online application. I was at primerica for 10yrs before I resigned, yes you have to recruit to become a success at pfs, but they do teach sound financial concepts ( buy term,invest, start a business ) . All I did was spend money on their training materials. This is more of an r/antiMLM question - Primerica is not a scam in the legal definition of the word, but joining them is unlikely to be a good idea for most people. As a multi-level marketing company, it also allows you to earn extra from. It’s a scam because they sell “term life insurance” as opposed to whole life insurance. Which means to be truly successful,. 1 PRIMERICA PARKWAY DULUTH, GA 30099-0001 Regulated by FINRA Atlanta Office Mailing Address 1 PRIMERICA PARKWAY DULUTH, GA 30099-0001 This firm is a brokerage firm and an investment adviser firm. With all of the scams and pyramid schemes out there, it’s hard to know who to trust. In fact, they be a publicly-traded company on the stock shop, and have operated for decades, support people with their life insurance needs. Cashapp $ChristianS803My understanding is that Primerica is a company that sales insurance services not the best services but they do. Williams & Associates in 1977 and used the concept of "Buy Term and Invest the Difference" with a mass-marketing strategy that was geared at middle-income clients. It is a network marketing company (or Multi-level Marketing) that sells insurance and other financial products. Their business model is not selling a product, it’s recruiting people so you. Primerica is a legitimate company that has been in business for over 40 years. Their mutual funds are also satisfactory, but can be considered expensive. The woman who reached out to me seemed to have a legit resume, good education/background. Some call Primerica Job a scam and then there are some who call it legitimate. Primerica is not a scam or a pyramid scheme. B. 010) ONLY 3% of all Primerica reps made a living income!Is Primerica a good company to work for? Primerica has an overall rating of 4. com is a legitimate website. Influence-free. Primerica, like other life insurers, is bound by state laws concerning coverage for a drug overdose. It’s worth noting that Primerica’s sales model is not for everyone. Any negativity (i. The odds are seriously stacked against you when it comes to succeeding. Here you spend most of your time trying to recruit people and actually get paid from the amount of people you can get to join which is. Primerica is a real company that employs multi-level marketing as its primary sales strategy; it is neither a scam or a pyramid scheme. S. new law that came into effect in June 2022, which limits the number of investment funds that can be sold by financial advisors. You make more than that in 3 months working minimum wage. Success Story is a Primerica employee, they typically use terms like "steal your dreams" and other ridiculous semantics to cover up for their scam. eventually if you don’t recruit enough you’ll end up leaving and you can take. (A. However, most pyramid schemes have got wise to the fact that they have to offer a product in order to appear legit, but even though a business may have products, the focus will always be on recruitment rather than product sales. Previous. It is not a good choice for permanent life insurance or online quotes. You’re getting their foot in the door of your friend’s home so they don’t have to cold call clients. Short Review: Primerica is not a pyramid scheme nor a scam. Primerica employs a multi-level marketing (MLM) model to sell life insurance policies. The learning curve is a bit too steep for most people, so it’s not best suited for everyone. According to the BBB (Better Business Bureau), Primerica is, in fact, a legit company. Primerica is 100% a. If words are misspelled or punctuation is off, this is a sign of a scam. Verdict: Legit What Is Primerica All About? Primerica is a multi-level marketing(MLM) form of company that is involved in the selling of various financial products to people. This differentiates it from a Pyramid scheme. Is it Legit or Scam? Yes, Primerica is a legitimate MLM. The company's unique position in the financial services industry, coupled with its valuable product offerings, makes it a legitimate opportunity for those willing to put in the effort. Source: Primerica rolled through my town about 15 years ago and a lot of people I know got swept up in it, made no money, only lost money. Multi-level marketing is a scheme by which people who are in first make money from those who come later. It’s not a scam nor a pyramid scheme.