It’s likely that you have come across PHP Agency through an email list, on social media or got it recommended by a friend or family member.
Is PHP Agency a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this PHP Agency review.
First and foremost I must commend you for actually doing a bit of extra research before committing to joining PHP Agency. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.
To be fully transparent with you, I am personally not a member of PHP Agency so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.
What I will aim to do is provide you with an unbiased 3rd party look at PHP Agency that will hopefully help you to make the best decision you can in the end.
PRODUCT NAME: PHP Agency
OWNER/S: Patrick Bet-David
TYPE OF PRODUCT: insurance based company
PRICE: not disclosed
SUMMARY: I do not believe that PHP agency is a pyramid scheme or a scam but, this does not mean that I’d go out of my way to recommend that you join it.
Although it is a fairly established entity being around for over 10 years, the fact it’s not very transparent about its prices and costs of becoming an affiliate, the fact that recruitment is likely to be pushed much harder than retail sales by non affiliates and the abysmal rates of success within the MLM scene are reasons why I wouldn’t recommend joining.
Of course if you still want to join I can’t really stop you.
FINAL RATING: 1.5/5
RECOMMENDED: No
Table of Contents
WHAT IS PHP AGENCY?
PHP Agency is an insurance based MLM founded all the way back in 2009 by an individual named Patrick Bet-David. The company is currently based in USA, Texas. It also appears to be partnered with another MLM company called Legalshield.
Patrick doesn’t seem to have had very much experience in the MLM industry prior to starting up the company however, he does have a pretty massive following on his YouTube channel called valuetainment that has over 2 million subscribers. In this channel he basically interviews politicians and business owners discussing some very controversial topics.
Of course none of this really relates to his insurance agency but, on their website they do offer quite a variation of services based around the financial markets, which of course is also why they label themselves as a national financial services marketing company.
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PHP AGENCY PRODUCTS
In regards to the different services PHP offer to their consumer, they include the following :
- term life insurance
- return-of-premium term life insurance
- indexed universal life insurance
- no-medical exam life insurance and
- fixed indexed annuity
There isn’t any information in regards to the pricing of these services but PHP do provide a brief description of each insurance service within their website, which you can check out by clicking here.
HOW DO YOU MAKE MONEY WITH PHP AGENCY?
As is the case with pretty much all MLM businesses there are 2 ways to make money with them, PHP Agency being no exception.
1. The first method is by directly selling the product to other individuals and in return make a commission for the sales
2. You make money through your recruits and downline, by getting residual income by following and meeting certain criteria as well as make money through bonuses and incentives due to meeting company set goals.
HOW TO GET STARTED
If you want to become an affiliate for PHP you will need to pay a decent amount of money but they don’t actually provide a solid figure to go off of.
However, through a bit of research I did discover the amount required to join the company is somewhere in the region of $500 – $600 so, yeah it’s unlikely to be super affordable to join. Nevertheless, if these numbers are real, the joining fees are relatively decent when compared to other MLM’s I’ve checked.
Moreover, you should also know that all affiliates must sign up to one of their insurance services in order to become an active affiliate, which I assume is a monthly recurring fee.
COMPENSATION STRUCTURE
If you decide that PHP Agency is a MLM worth investing in, you’ll then need to understand the compensation plan which is what I’ll briefly be doing in this section of the review.
Firstly I’ll list down all of the ranks an affiliate can achieve along with the criteria to achieve them.
- Trainee – sign up as an affiliate and “complete week 1 of PHP System Flow (costs not disclosed)
- Associate – recruit three affiliates, generate three sales and at least 3000 GV a month
- Field Associate – get an insurance license (cost not disclosed), recruit and maintain at least fifteen affiliates (one Associate), generate fifteen sales and at least 30,000 GV a month
- Director – recruit and maintain at least thirty affiliates (two Field Associates or one Field Associate and two Associates – six of your recruits must also be licensed), generate thirty sales and at least 60,000 GV a month
- Marketing Director – recruit and maintain at least fifty affiliates (three Field Associates or one Director and one Field Associate – fifteen of your recruits must also be licensed and appointed), generate fifty sales and at least 100,000 GV a month
- Senior Marketing Director – recruit and maintain at least one hundred affiliates (two Marketing Directors – sixty of your recruits must be licensed), generate one hundred sales and at least 200,000 GV a month
- Executive Marketing Director – recruit and maintain at least two hundred affiliates (four Marketing Directors – one hundred and twenty of your recruits must be licensed), generate two hundred sales and at least 400,000 GV a month
- Senior Vice President – recruit and maintain at least three hundred affiliates (six Marketing Directors – one hundred and eighty of your recruits must be licensed), generate three hundred sales and at least 600,000 GV a month
- Executive Vice President – recruit and maintain at least four hundred affiliates (eight Marketing Directors – two hundred and forty of your recruits must be licensed), generate four hundred sales and at least 800,000 GV a month
- President’s Council – recruit and maintain at least five hundred affiliates (ten Marketing Directors – three hundred of your recruits must be licensed), generate five hundred sales and at least 1,000,000 GV a month
- Chairman’s Council – recruit and maintain at least six hundred affiliates (twelve Marketing Directors – six hundred of your recruits must be licensed), generate six hundred sales and at least 1,200,000 GV a month
Direct Commissions
The first way to make money with PHP is through the commissions earned by selling their insurance plans. The commission rate per sale is determined by an affiliates rank in the following manner :
- Trainees earn 30%
- Associates earn 40%
- Field Associates earn 50%
- Directors earn 60%
- Marketing Directors earn 75%
- Senior Marketing Directors earn 77%
- Executive Marketing Directors earn 78%
- Senior Vice Presidents earn 79%
- Executive Vice Presidents earn 80%
- President’s Council affiliates earn 81%
- Chairman’s Council affiliates earn 82%
Direct Commissions Bonus
An additional bonus commission is said to be paid out too after an affiliate achieves the following criteria :
- recruit 10 affiliates, have had 25 potential applications filled and generate 25,000 GV = 5% bonus
- recruit 25 affiliates, have had 25 potential applications filled and generate 50,000 GV = 10% bonus
- recruit 50 affiliates, have had 50 potential applications filled and generate 100,000 GV = 20% bonus
- recruit 100 affiliates, have had 100 potential applications filled and generate 200,000 GV = 30% bonus
- recruit 150 affiliates, have had 150 potential applications filled and generate 300,000 GV = 40% bonus
Generation Bonus
PHP Agency also seem to offer a generation bonus which is paid out using a unilevel structure. This means that an affiliate will be able to recruit and potentially earn infinitely horizontally whilst vertically the earnings can be infinite too but are generally capped. Of course as this is a generation bonus it operates a little different to the typical unilevel structure.
In this case when a marketing director is found within a level, that member will mark the end of the first generation and will start the second generation however, If no Marketing Director is found within a level, the level continues.
PHP pays a generation bonus upto 7 times within each level :
- 10% on the first generation
- 5% on the second generation
- 4% on the third generation
- 3% on the fourth generation
- 1% on the fifth, sixth and seventh generations
There is also an extra bonus payout at 5% if an affiliate can achieve the following criteria :
- 10 personally recruited affiliates
- 25 potential applications filles and
- 25,000 GV a month
Rewards And Recognition
The compensation plan also talks about a $100K Ring prize and $50K Watch under Recognition and Rewards but there really isn’t much information on how to qualify for either of these rewards
If you’re still confused and want to check out compensation plans pdf document for yourself, click here or you could watch the long explanation of the plan in the video below.
THE NOT SO GOOD THINGS
Not Very Transparent Regarding Their Prices
For some reason PHP Agency don’t seem to display the prices off their insurance or even their affiliate membership costs. The lack of information on both of these is a bit of pain especially when you take into account it’s already been out for well over 10 years.
This also means that the only way for a potential affiliate to understand the costs and nuances of the company will be through the voice of an affiliate trying to coax them into joining using overly hyped claims.
Recruitment Is Pretty Essential For Success
As affiliates are essentially required to purchase an insurance package in order to join the company, recruitment is likely to be pushed quite hard within PHP Agency and in turn will mean that in terms of motivation it’s much better for an affiliate to recruit someone over just trying to sell the packages to consumers.
One thing you should know is that when a company is more reliant on recruitment and affiliates earn more from recruitment over just retail sales to consumers, even if said company does offer a retailable service or product, the company can still be regarded as a pyramid scheme.
Of course as PHP was forthcoming regarding its sales numbers it’s hard to say if this is the case but, I am still fairly certain that that recruitment probably is the better way to make money and in turn is pretty essential for success as a PHP affiliate.
Most People Are Probably Going To Fail
Unsurprisingly, PHP aren’t very transparent regarding the income its affiliates are making however, having seen tens of different MLM income disclosure statements over the years, I’m pretty sure that the numbers aren’t likely to be very good.
In general I’ve found that 5% of members tend to make around $1k/month whilst only 1% of all members tend to make a full time income of around $2k+/month.
I’m not saying that these are the exact figures PHP Agency affiliates are generating but, I doubt the stats I’ve mentioned are too far off.
THE GOOD THINGS
It’s Been Around A While
Considering PHP has been around in the biz for over 10 years, it does have a fair bit more credibility to it. This is because the majority of companies tend to fail within the first 10 years so, the fact PHP is still operating after so many years is a positive in my books.
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IS PHP AGENCY A PYRAMID SCHEME/SCAM?
I do not believe that PHP agency is a pyramid scheme or a scam but, this does not mean that I’d go out of my way to recommend that you join it.
Although it is a fairly established entity being around for over 10 years, the fact it’s not very transparent about its prices and costs of becoming an affiliate, the fact that recruitment is likely to be pushed much harder than retail sales by non affiliates and the abysmal rates of success within the MLM scene are reasons why I wouldn’t recommend joining.
Of course if you still want to join I can’t really stop you.
MY PERSONAL RECOMMENDATION
I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).
Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.
This method I’m talking about is affiliate marketing.
The reasons as to why I recommend it over MLM based structures are because
– there is no need to recruit constantly
– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products
– and because it is free to start up, no unnecessarily large start up funds needed.
The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.
If you have any questions that you would like to ask me regarding PHP Agency, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about PHP Agency and would like to talk about it, again feel free to do so in the comments below!
Thanks
Amhil