Wednesday, November 17, 2010

Ameriplan USA Business Review - Is Insurance and MLM a Good Business Opportunity?

As a business model, Ameriplan Health is unbeatable in its unique idea and the benefits it provides to members. For over 16 years, this company has been offering discounted health care services to members for a monthly fee ranging from $20 to $50. This has been a blessing in disguise to all those Americans who don't have sufficient insurance cover their medical expenses. Ameriplan Dental was the first discounted service to be launched by the company; it was soon followed by vision care, chiropractic care, prescription drugs and medical care. Members of Ameriplan USA could receive a discount of up to 80% on the medical bills when they take treatment from member health care providers.

This article aims to explore the income opportunity provided by Ameriplan USA to its Independent Business Owners (IBOs) through its MLM business. It's tempting to read claims made by the company when it says it wants its IBOs to earn as much as $50,000 in the first year and a six figure income from the second year onwards. Let's see if this is a realistic claim and see the pros and cons of the income opportunity.

Why Ameriplan USA?

- An attractive compensation plan that offers 30% commission on all sales, good residual income, Ameriplan benefits to your family and a lot of other promotional offers that give you access to good discounts on purchases from merchant partners.

- It's not too difficult to convince people to subscribe to this product given the high cost of medical services and related expenses and the face that almost 70% of American population's not sufficiently insured.

- Ameriplan IBOs are given training when they join and they can start their own websites to promote the company's products and to recruit new IBOs. There's good back office support and an option to go in for paid training to learn how to earn more.

All these factors are tempting enough to pull people out of their regular work to join as an IBO in Ameriplan business; yet people should also know, not everyone who joins hits the jackpot. For most reps, it's difficult to earn a decent income even when they work full time.

Challenges faced by IBOs

- When the product price is low, your commission's also low. Ameriplan's services are offered at between $20 and $50 a month. So though your commission rate's high at 30%, you'll need to generate a high volume of business to earn a decent residual income.

- The training offered by the company is not sufficient to generate such big volumes of sale. At the most, they'll tell you to list out details of people you know and approach them for business. This means you'll have to spend a lot of time talking to them over the phone or meeting people to convince them to buy from you.

- Once your contacts are exhausted, you'll have to run behind strangers to promote your product. What image comes to mind when you think about "insurance salesmen"?

This doesn't mean you can't make good money in Ameriplan USA. Just plan right and get people who are interested in your product to approach you with orders. Sometimes, people may not be aware of the Ameriplan business or what it offers; some may not know how to become Ameriplan business owner. You could get details of such customers by marketing your business online. Step out of the traditional forms of marketing and promote your product innovatively through various internet marketing techniques and see the difference it makes to your business.

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