HGI pyramid scheme is it similar to Amway

[dreamchaser]

On 8/6/2023 at 7:46 PM, Konebhar6 said:

Same experience, but a former colleague who is not even close to me. When I posted this in our group, everyone blocked him or did not take calls from him.

@Konebhar6 I had the same experience with a ex colleague whi is working for HGI.He is saying not to trust online forum.But looks like it is a pyramid scheme  

[Bhagath_Singh]

On 5/26/2024 at 8:34 PM, Sann said:

Am seeing good number of people posting information about less researched domain. May be a broader vision could highlight the reality.

1. Pyramid Scheme: By definition, A pyramid scheme is a business model which earns primarily by enrolling others into the scheme, however rather than earning income by sale of legitimate products to an end consumer.

My take: First of all any money moving business is built on a model. HGI is more of a marketing and business opportunity and not for everyone. In case someone makes money on overrides and bonuses shared its not a pyramid model as its an income stream. HGI doesnt have only overrides but also has real products that can be planned for individuals and families to generate income though slower. A traditional pyramid model is mainly recruiting based. Again having a network of good 10 20 people to help grow business is not essentially a pyramid/ponzi. You have to see it as a whole from the perspective of compliance and licensure.

2. MLM : Yes this has an MLM or Multi-level-marketing element in it. Am not questioning.

My take: Is MLM bad though? MLM in itself is not an illegal concept. But with HGI its not the same in principle even though you associate with Amway and the like. Consider you have a shop in each state and have very few people managing the same, so essentially you would have to recruit at least a few to manage this distribution. And your distribution grows, you can grow faster. But HGI does not own its products rather works as a broker for wide range of insurance for both life and health, etc. So recruiting and buying products for yourself is not a requirement, its an option if one sees the benefit.

Again, its not a job, its a brokerage like expedia (maybe in its own niche on a more private scale) where families get help to plan their financial future and HGI has to have interested licensed professionals to provide proper financial education. Maybe many recruits have to be well-trained and astute builders to build and expand their businesses using the HGI platform. HGI cannot be blamed for its model as its a financial distribution platform helping to build networks (which may start with your friends and families). Yes the growth and potential to earn might take a couple of years depending on how one builds their network of distribution. If it were so easy, everyone would be making millions in few years and without following the correct LFS system of HGI its just blames and name calling.

R u part of it bro, How does HGI provide better Financial returns to customers ??

Do they give better rates than bigger financial institutes ??

[phatposts]

9 minutes ago, Bhagath_Singh said:

R u part of it bro, How does HGI provide better Financial returns to customers ??

Do they give better rates than bigger financial institutes ??

they dont they dont they dont. 

over inflated fee structure.

paavala discipline unna kooda indulo invest cheyyaddu. its not a scam, thats the worst part!