Why I decided to QUIT HGI:
As an insurance agency owner who offers personal lines insurance in Minnesota for about 4 years now, I took notice of Hegemon Group International, HGI connecting financial services and internet marketing. It was irresistible at first, so I joined HGI. However, I joined HGI in spite of two things that rubbed me wrong right off the bat (which were eventually the reasons why I quit HGI).
Now, you don't have to have the first clue about financial services for HGI to be worth looking into, and if you have a need for any of HGI's products, joining HGI is something to consider. What I think is genius about HGI is giving people a money motivated, self interest to purchase adequate life insurance coverage! ...but, there's a catch.
The Real Reasons Why I Decided To QUIT HGI:
- The HGI leadership pushes the premium (cost) of their HGI life insurance product over the applicant's individual need for each policy. This is unethical (possibly illegal), as well as bad business, and here's why. If someone purchases a life policy they don't feel they need, or can't afford, they will cancel the policy, and the person who wrote the policy will have to pay the upfront commissions back. Even IF you try to justify the inflated need for more coverage due to future increased income by being a future high earner in HGI. You should buy what you need today, and reevaluate your need once a life change happens (such as a substantial increase in your income).
- 4 pass ups per HGI member? This is extremely disadvantageous for the average network marketer (in my opinion). Most people have a hard enough time recruiting one new member, let alone 4 who get passed up to feed your HGI sponsor! The example I like to use is this, let's just say you were able to sign up 5 people into your new HGI business. It's like your HGI sponsor saying, I'm going to eat your lunch from Monday to Thursday, and you get to enjoy your lunch on Friday!
- The idea to use financial products in network marketing is great, but IF the focus is to make a small profit from each new growing HGI business, one would nurture the seeds of new HGI members, not tax them 100% of their first 4 HGI life insurance commissions! Even if you buy into the explanation HGI puts forward, to sell the first 4 HGI life policies as a joint effort for the purposes of training you. If your goal is to help someone succeed in starting a new business (be in HGI or any other), they need to be the ones getting as much quick, upfront money for their efforts as possible. There are several traditional financial services companies that use joint sales calls as a method to train new people, but everyone I know of pays at least 50% commission for the efforts in finding the prospect in the first place!
- For these reasons, as well as the abundance of truly exciting other "make money" options out there, I tried HGI, and quit HGI.
I'm not writing this to convince you one way or the other, I just wanted to share my personal thoughts about HGI, as well as show you PROOF that my Level One Network blogging system achieves PAGE ONE EXPOSURE ON GOOGLE as well as other major search engines. Click Here to see "how" and "why" that is.
