Perhaps you have heard about Premier Income Plan otherwise known as PIP which launched just in Jan 2016 and someone has told you it’s the next biggest thing? So you want to see if they are right, is a a scam or is it legit. Good idea to stop and find out!
I will tell you what I have found out from my research and digging, through this Premier Income Plan Review so that you can make up your mind for yourself.
So let’s see what we’ve got..
Product Name: Premier Income Plan or PIP
Website Url: http://premierincomeplan.com/
Cost: $79 for registration
My Rating: 3.5 out of 5
My Recommendation: Premier Income Plan is based on a MLM model which works for some and not for others. It depends what you are looking for. If you want a way to build a reliable long term profitable online business, read my top recommendation.
What is Premier Income Plan (PIP)?
They are a ‘Product driven company, offering the best online communication products in the industry’.
Essentially this includes the below selection of communication products normally costing around $180 a month for only $59 a month.
But that’s not all, it operates a MLM Matrix compensation plan, where you earn money by recruiting people into the business.
Firstly lets take a look at the products and see if they are any good.
So here are Premier Income Plan’s products. On the website there is a demo video for each of the products, but I have given a quick summary
- Audio Video Conferencing software: High definition video tool to enable video conferencing or the ability to hold webinars. All you need are people with a computer, internet connection and a webcam to make this software work. You can have up to 10 people sharing their webcams for a group meeting. Say you have some partners in different parts of the world. This is great for communicating together.
- Website communicator: This software makes it possible for you to stream live webcam video on any website, blog or Facebook page. This means that you can connect, via video or webcam with your website visitors as they are there. You can answer any questions they might have and maybe close the deal.
- Video Email Postcards: The video email postcards program allows you to send video messages to friends, family, customers and anyone for whom you have their email address. It’s like a live text message. You choose a template and record your own message using the software. It’s great for customer testimonials. Video is the way forward, this is postcard which features a video about whatever you like, with your brand all over it.
- Video App System called VAPPSY: The idea of this is to gather your customer feedback. They download the app, record a message, click save and it transmits to you to use however you like. I am not sure how many customers would bother to do this?
The idea of Premier Income plan is that you get all these products lumped together for a good deal. So the question is, do you need, or could you use these products? I think they would be useful for business owners who are in MLM business already. I’m not so sure you would find a huge range of people who want the whole lot.
What do you think?
A little bit about the Company:
Premier Income Plan is run by Rodney Brace and there is no attempt to hide here.
He advertises himself very clearly on the homepage, is available for live chat, and talks about his past history in online business which makes him seem quite credible. A tick for him here.
PIP has recently been bought by Hyphen Tech.
What this does is separate the technology (product) side from the MLM side of the business. Both businesses are owned by Rodney Brace, so it is all still under one hat.
To be honest, it makes very little difference, it’s just that you find the two businesses in two different urls. Everything else still works the same.
So let’s take a look at the business opportunity:
What is the Premier Income Plan compensation plan?
The Premier Income Plan Compensation plan (what a mouthful!) works on a 3 x 8 forced matrix. This is a common compensation structure in MLMs.
What this means is that you can only recruit 3 people under you. If you recruit a 4th person, they are put UNDER the people you have recruited. These levels of recruitment can go down for 8 levels whether you recruit someone yourself or your recruits refers someone. Are you still with me?
This compensation plan is complex, as often they are with MLMs. There are different levels of bonuses and you qualify for certain things under different conditions. If I tried to write this out, I would be close to writing a novel, so I will let the video explain it for me.
Please note that I do not endorse this video, it is for information only.
To help you out with your recruitment, if you struggle with this side of the business, which many, if not most people do, Premier Income Plan offers something called the PIP genie.
This is something a little different and I like this part of Premier Income Plan.
What is the PIP genie?
So what is the PIP Genie? Once you join the system you can opt to join the PIP builder which is where you will find the PIP genie.
The genie give you 3 wishes. This is Premier Income Plan’s own promotion engine. It’s out there on the internet finding referrals FOR YOU.
For everyone who participates in the PIP builder, the genie goes out and gets 3 referrals for you. Simply put is that Premier Income Plan do their own promotional activity and when they get referrals they allocate them to people within the business.
To be honest, if this works, I think everyone would opt for this. This is one of the biggest problems in MLM, recruitment. So having this done for you is very tempting.
Of course you have to pay for this:
You won’t get your first level commissions because technically YOU didn’t recruit these people. But the cost of the PIP Genie will come out of the bonus payments you would have made, equating to $630. The idea is that your team will also join the PIP builder and eventually that money will come back to you. So it is not money out of your back pocket.
How much does Premier Income Plan cost?
To register is $79 which covers you for the first month
Every month after that is $59
This price is fairly steep when there are other, much more affordable ways to start earning money online
There are some good and bad things to say about it this program. I hope this Premier Income Plan Review has helped clarify a few things for you.
In answering my question, I would say that is definitely is not a scam but whether it an be a profitable business remains to be seen. But the business model is fairly strong, for an MLM
MLM business is notoriously difficult to succeed in.
One of the main barriers in a lot MLMs is the quality of the products. With Premier Income Plan, I believe the product range is quite good. Some of these tools, like the video conferencing and e-postcards would be useful particularly to OTHER people who work in MLM – for them to drive sales and to recruit people into the business.
In terms of the MLM business model and compensation plan, I am really not a fan of MLM, mostly because of the way you have to go out and recruit people. You have to use a push sales strategy and this is really hard work! I prefer a pull sales strategy where customers come to you, which is the case with my no 1 business recommendation.
Having said that, the use of the PIP genie potentially might solve this problem. In theory it sounds great.
If this is a program that sounds interesting to you, my honest advice would be to wait and see. It is such early days to see if this will work. Personally, I wouldn’t want to be the first person to watch it fail. And The price is fairly steep, SO hold your horses and let’s see.
I would love to know what you think. Have you come across this program before? What were your thoughts?