What is the process for being an Agent?
Become our agent by attending a business opportunity meeting or through any of our agents.
What is the Coronation Business opportunity?
This is a meeting where we identify prospects and share the benefits of associating with our organization.
What is the objective of the Business opportunity meeting?
The objective of an opportunity meeting is to inform prospective recruits about our mission and the opportunity we offer them to start their own businesses by becoming sales representatives on a part-time basis while combining it with their regular job.
What kind of products do we sell?
We are a financial distribution company, and our products are focused on savings, risk and investment.
Is the Coronation GPS model an MLM?
Yes, the Business model is an MLM model. Our Agents earn on the commission of their downline and their production.
Isn’t MLM one of those pyramid schemes?
No, it is not. Although MLM and pyramid schemes may seem to share some similarities, there's a BIG difference; MLM is legal, and pyramiding, ILLEGAL. In pyramid schemes, income is generated solely by recruiting others into the pyramid. Sometimes a product or service of questionable value is involved, but you are most often buying into the right to recruit others and collect money. This is illegal! Also, in pyramid schemes, those who get in first are at the top win, while everyone else loses. In a legitimate MLM company, representatives are paid only on the movement of products or selling of services, not merely recruiting. Also, in an MLM company, no matter where you are positioned or when you joined, you can advance to the very highest income levels, and pass those who sponsor you.
Is there any base salaries at all or is this 100% commission base?
It is based on commission on sales of products.
Does this job allow you to have a good work-life balance?
Yes, it is flexible. As a part-time business, you have the option to work as much or as little as you want.
Why do I need to recruit?
Recruiting builds your business and helps you to develop your leadership strength.
Will I be paid for recruitment?
No, you will only be paid on the sales of your recruits
How to recruit new members?
You can recruit new members by selecting the best possible person-to-job fit that will contribute significantly towards your team goals.
What is the success rate?
The success rate of any business depends on your continuous effort and time. If you really put in the time and effort, you can earn 6 to 7 figures income in this business.
Do I need to know a lot of people?
No, although it is surprising how many people we all know without knowing. All you need are some good people who are serious about changing their lives and who really want to do it. Unlike a traditional job, everyone is a potential candidate for your business.
Do I have to be a super seller to be successful?
No. As you know, a traditional sales strategy doesn't work. People do not respond to sales. Just talk to people about an opportunity to make money. Yes, everyone wants to make money!
How much time do I need to commit to making money?
You should plan to spend at least 7-10 hours a week in the first few months. If your circumstances allow, you can give more time. In the first few months, most of your time is spent learning about the business, building your customer base, and identifying some key people who want to join your team and what you're doing. You should give Commitment for the next few months, you will spend all your time with the efforts of your entire team. As your team grows, you start building your revenue base.
How do I earn money?
The primary way to earn a good amount is from commissions and fees, earned on solid policies. Also, you earn money when a sale occurs through your bottom line or team members.
Do I have to leave my current job?
No! More than 90% of people start this business on a part-time basis. They dedicate between 7 to 10 hours a week to their business. As your network marketing revenue increases, you save money for yourself. Then, when your net income increases to the current level of your salary, you can re-evaluate your position. In this way, you will have security and income as you learn and grow. Chances are your networking income will provide a better pension.
How much money can I expect?
This is your own business - so you decide how much money you want to make. All you need to do is to refer insurance and investment products to your friends, family and colleagues; you can also maximize your income by creating a team of working people like you
Will be Trained
Yes, we provide you with adequate training to help you build your Team and sell
Can I be a recruit and a client?
Yes, you can be a recruit and a client. It is always good to buy any of the products you sell. This will provide you with an opportunity to experience the benefits they offer.
What questions would I be asked?
The agent might ask for your name, age, gender, address, etc. In addition, you will be asked a number of other questions also.
Why do agents need so much information?
When deciding the right plan for a potential customer, agents will want to know your previous investment history and what type of plan is to be purchased. In order to determine which package, you qualify for, an agent needs basic information about you.
What else should I be aware of?
In addition to your age, gender and financial state, other important information needed to purchase your package of choice would be required.
What are the advantages of using an agent to buy investments and brokerage?
Agents provide specialized and personalized services tailored to suit you.
What does householders insurance cover?
This plan is for tenants who wish to secure their properties from natural disasters and hazards, but not the building, as they do not own it.
What factors should I consider when purchasing householders insurance?
You need to determine the amount and type of insurance that you need. Also, decide if the personal property and personal liability limits are adequate for your needs. Once you decide on the coverage you want in your householder’s insurance policy, consult with our agents. We will help determine if there are any gaps in coverage you might not be aware of, explain the details of the policy’s exclusions and limitations as well as recommend an insurance company that will live up to your expectations.
How much life insurance should an individual own?
“Rule of thumb” suggests an amount of life insurance is equal to 6 to 8 times your annual earnings. However, many factors should be taken into account when determining the right amount of life insurance for you and your family.
What are important factors to consider before getting the life insurance plan?
Calculating the correct amount of life insurance to buy is not as simple as it appears. We recommend you allow our trained agent to help you determine the right amount of coverage. As independent agents, we are unbiased advisors that will help you avoid buying too much, show you appropriate optional coverage for your need, and recommend a package that will best serve your interests. But some common factors to consider include:
- Income sources (and amounts) other than salary/earnings.
- Whether or not you are married and, if so, what is your spouse’s earning capacity.
- The number of individuals who are financially dependent upon you.