What if Freedom Equity Group All About?
It is an insurance company formed in 2002, by Ronald Bloomingkemper, Ronald Petrinovich, and Bill St. Clair. They all have a vast experience in the insurance business. l am not sure how experienced they are with a flawed business model that they picked on …. Multi-level Marketing (MLM).
It promises insurance sales jobs from home. When agents joining FEG Online, they are trained and certified to sell the policies to earn commissions. They also earn commissions from recruiting others to become agents and from recruits’ sales. It offers all the basic insurance policies.
Is Freedom Equity Group Scam or Legit?
You are here because someone introduced you to this
opportunity responsibility by a friend, neighbor or co-worker. It is mostly promoted using social networks.
Or probably you have already fallen for the hype and you are wondering …. where is the money?
Either way, you are at the right place.
How to Check if an MLM is Viable.
There is only one way to check if an MLM is living up to its hype…. check the traffic. Don’t even ague with your loved ones. Tell them you need time to consider the opportunity.
MLM companies survive by continuously recruiting new members and clients who are in turn introduced to the opportunity to invite others. Ideally, if the program is living to its hype, traffic should be ever increasing.
l visited the FEG’s main website and checked the traffic.
It reached its peak in November, 2015 at 25, 390 visits and went on a downward spiral to 11, 695 visits per month.
Still l was not convinced, after reading so many testimonials about how people are making six figures with this program. l took my tool and visited the sign in or log in page. You can do this by clicking on the ‘Join us tab’.
This is where the new recruits visit when they want to join the program.
I later checked many other URLs or links including the ‘quote calculator‘ . Still traffic has taken a plunge to 3 k visits per month from 5k.
Unless the company has migrated to a new website or is now operating offline. If the traffic stats are to go by, this is a disaster in making. It’s a matter of time. Mark my words.
NEVER, join an MLM again without using those two free tools to check on the traffic.
How Does the Traffic Compare to Avert Scams?
Compare the traffic to Avert Scams, a simple website with no affiliates sending traffic to it.
Yes, that is 10 times increase in traffic in 4 months. l call it, getting traffic on demand. There is no magic in doing this. Just get started going through these free 10 short lessons . You will also get access to free internet marketing tools and support, ALL in one place.
Bonus: my one-on-one coaching and support.
You will NEVER annoy your loved ones EVER.
How else am l earning money using my website?
l post Google’s ads on my website. Google sends me free traffic to my website. Visitors click on Google’s Ads. Google pays me money for the clicks.
How else do you want to earn passive income?
NO annoying of loved ones. NO recruitment. NO sponsoring. NO transport expenses. NO payment to get paid.
Freedom Equity Group Products.
Guaranteed Income (Annuity) upon retirement or death.
This is the main product with a zip file with training material for conversions.
Is FEG any Good?
- fair compensation plan (30% -45% commissions).
- offers products offered other companies.
- generic MLM tools such as difficult to rank, replicated websites are provided.
- Power point presentations and marketing PDFs.
- you pay for your licensing.
- it is a legit insurance company.
- not newbie friendly is there is no detailed training on MLM lead generation.
- in the early stages, most of the commission goes to your up-line.
- you are advised to target friends and family members as your soft targets. Guese what happens when the MlM collapses like Vemma.
- commission for recruiting seems to be higher than that for selling products – a recipe for disaster.
- you can make money by recruitment only without selling a single policy.
- you foot all travel expenses and costs for holding seminars.
- there is a high turnover of both affiliates and customers.
- usual promises of intangibles; dreams, good living, the life that you want…
- it is over hyped, ‘you just bring in the 1%’ and make money. We know just like the make money online business, there is break neck competition in insurance businesses. You need to put 99% effort.
Freedom Equity Group Compensation Plan.
As, usual. Wide at the bottom and wide at the top. Training representative earns 30% commission while the owners award themselves 93% to 112%. The very reason, l cam MLM a responsibility – to pay those at the top and recruit and not an opportunity to build a real business. You can read the detailed FEG Compensation Plan Pdf.
Is Freedom Equity Group a Scam?
l think it is a legit insurance business which was duly registered and is operating within the confines of the law. The only challenge is, it picked on the wrong business model.
The company is rated A+ by BBB. There are no documented Freedom Equity Group complaints against the company yet. Kudos to FEG for maintaining a clean sheet as it reflects a responsive support team. Time will tell, if it will keep up with the standard as members become disgruntled.
Is FEG a Pyramid Scheme?
l have read the entire Vemma ruling and why it was shut down by FTC. l have read in detail what the one of the best MLM attorneys, Kevin Thompson wrote about the ruling, l even read his thesis on how MLM become Pyramid Schemes.
l urge you to read the referred documents before you expose your ignorance. Or start parroting these cliches, ‘Our MLM is legit not a Pyramid Scheme’, ‘All companies are pyramid schemes’, ‘The company has more than 10 years in operation’…. blah blah…
In brief, an MLM becomes a pyramid scheme when it makes more money from its own ‘people’ (distributors) than by selling products to outside customers (non-participants. That is, they must maintain a 49% affiliate sale to 51% ‘real’ customer sales. Concentrating on recruitment and not selling products.
As the MLM attorney Kevin Thompson said ‘MLM are good at crafting policies, but they don’t follow them’.
So, are you sure the company is keeping up with its policies? Do you have the numbers of sales to you distributors vs outside customers?
Share your opinion or experience with Freedom Equity Group? l have done my part?
P/S: If you join me here for free l will show you a stupid simple way to make money online through creating websites. You will get all the training and essential tools to get started and my one-on-one coaching.