The people at the top of the pyramid (usually the directors) receive a bigger share of these payments, regardless of whether they do any work. This organization rewards members with a portion of the funds raised from each additional member they recruit. To join, you usually have to pay a fee to an organization that runs the scheme. Members lose money as the number of recruits increases. Unfortunately, pyramid schemes are unsustainable and usually a scam. They lure people in by promising them money or services in exchange for enrolling others. They don’t have to rely solely on recruitment to earn money. In fact, members of the company can make money by selling their products. You may also want to read our article on the top MLM companies. However, those at the top make the most money, while those at the bottom make the least. While MLM companies may offer a range of products, most people prefer to recruit others because they can earn a lifetime passive income from them. In an MLM, the people beneath you are known as your ‘downline,’ and you are their ‘upline.’ You can earn $1100 by recruiting 10 people, and the ultimate goal is to have as many people in your ‘downline’ as possible to earn large amounts of passive income. Imagine a triangle where the person at the top recruits ten people, and each of these ten recruits ten more, and so on. Unlike traditional businesses that pay employees a salary, MLM companies pay their members by recruiting others to join their business and earning a commission on the sales and recruits they bring in. Multilevel marketing companies are also known as direct sales or network marketing companies. PHP Agency’s business model is based on multilevel marketing, but before we can discuss how it works, let’s first define MLM and how it differs from traditional business models. Recommendation: Here’s The Best Alternative What is MLM? Overall, PHP Agency seems like a pretty unique way to get into the insurance business. So when you buy insurance through them, they act as the middleman between you and the insurance provider. One interesting thing about PHP Agency is that they collaborate with various insurance companies. That’s a lot of people! And according to them, they’ve helped over 200,000 families with their products. Now, PHP Agency has over 12,000 agents who sell insurance all over the United States. It’s kind of like WFG, but with a fresh spin. Yikes!īut don’t worry, Patrick used his experience from WFG to create something new and different with PHP Agency. Fun fact: before starting PHP Agency, Patrick worked for another company called WFG, which some people consider a pyramid scheme. The company was founded by Patrick Bet-David back in 2009, and their headquarters are in sunny California. Basically, you can become an agent for them and sell their products to others. PHP Agency is a company that sells insurance and financial products through multi-level marketing.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |