10 Truths about PPL
Truth 1. You will never get paid your residuals. All residuals go to your debit balance not to you.
It is theoretically possible that after you die your residuals will pay down your debit balance and your family may get them but your chances are slim to none. You will find this out after about a year in the business
when you don't receive your residuals. Also if you do not have your associate agreement and estate set
up properly the company keeps them; they do not automatically go to your spouse.
Truth 2. The company retention is 50% or less the first year. The weekly briefing is where they typically overstate this number at 70 or 80 percent to mislead you.
If you do some research they have to disclose it because they are a publicly traded company. Persistency
is a made up number by PPL. They like to quote it because they can manipulate it with the pre-cancels etc.
Truth 3. Chargebacks will kill you. Chargebacks will kill off over 97-99% of the associates that enter your business. They never talk about chargebacks until you find out when you don't get paid on business. Downline chargebacks lead to ruin.
Truth 4. There are more X-Ring Earners and X-Platinums then there are current Ring Earners and Platinums.
This is because after they hit this level chargebacks eat up there income cutting their incomes by typically half. It is rare that they survive this.
Truth 5. All the biggies have a special deal.
They can't survive number 4. That's right. Darnell Self, Brian Carruthers, Kevin Rhea, Dave Savula, etc etc etc. all have special deals.
Truth 6. Corporate does not care about you. The wishy washy "this is your business" quote is a lie. Corporate
will hold your commissions any time they please without apology. This is cold hard business, not a big family as is portrayed.
Truth 7. The company may put you on as earned and cut your commissions at anytime for any reason.
In the associate agreement you signed you give them this right. For example they have just killed off over 220 associates without warning
based on a formula they refuse to disclose. They claim it is poor persistency but many of the victims have good persistency. This is a scheme to fudge the bottom line. The company will lose millions long term based on this short term rip off of associate's income. UPDATE - The number is now over 600 and climbing. The stock has lost 9 points since this decision.
Truth 8. The stockholders are more important then you.
See number 7.
Truth 9. The attorneys are more important then you.
Complaints about the attorneys rarely go anywhere. Prepaid Legal will threaten your associate agreement if you complain too much about the attorneys or lack of service.
Truth 10. The corporate staff is more important then you. Even if the corporate staff makes mistakes to your detriment the company supports them. Corporate treats the associates like the lowest form of life. No Trust. No Consideration. Nothing. The above truths are absolutely real. If you are currently a PPL supporter that will change. Over time the above 10 truths
will become clear and you will be shaken from the PPL illusion. These truths will devastate and ultimately destroy your business. I have seen many hurt and even destroyed by this company. It's all smoke and mirrors. But there is hope. More truths are being revealed then ever before. Find a way out of this evil empire. Get rid of the shackles of the Prepaid Legal slavery. Become free again. You will feel great!