Genistar Reviews

4.3

85% would recommend to a friend

(33 total reviews)

Bob Safford, Jr. & Jeffrey Lestz

93% approve of CEO

82% positive business outlook

Genistar has an employee rating of 4.3 out of 5 stars, based on 33 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Genistar employee rating is in line with the average (within 1 standard deviation) for employers within the Insurance industry (3.6 stars).

Reviews by job title

33 reviews
5.0
8 Sept 2018
Recommend
CEO approval
Business outlook

Pros

- Genistar has taught me that there are smarter ways to make money. If I’m employed I am only ever earning my hourly wage or salary, doesn’t matter if I’m better or worse than my colleagues in my job, we all get paid the same! - I learned about the importance of passive income (google if you don’t know what that is) - Genistar forced me to ask the tough questions that have completely changed my outlook on life and making money. - I saw with my own eyes that the negative people (unsuccessful) complain and use words like “scam, pyramid, too good to be true and it’s because they have this mindset that they are broke and struggling in life!! Open your eyes people!! (I challenge you to look at the financially successful people in the world and show me a time when you heard these words coming out of their mouths.. I would bet a years salary that you can’t!!) - Take the hint!!! - Networking; I met some amazing and highly successful people that I now call my friends!

Cons

Building a team can be a challenge, not because of Genistar but because of the negative mindsets that unfortunately make up the majority of our population.. (there’s a reason why only 1% of the world are highly successful and it’s got very little to do with skills and talent - it’s all to do with mindset and whether or not it’s positive or negative! A little more support in Northern Ireland would go a long way...

3.0
16 Mar 2012

Should have been a whole lot more than it was.

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

You are your own boss. Your earning potential is limited to what you want it to be. The harder you work, they more you can make. And you help people understand how money works and help them to become debt free and financially independent. They offer people some great products, and help people get money back and protect what they have. You then get a commission from the companies your clients do business with.

Cons

Recruit, recruit, recruit. Genistar is akin to Primererica. It is a proven system of MLM. For me the focus became less and less about helping families in need and more about recruiting and find 5 star families who were 25-50, kids in the home, working, home owners, and ?? So much for people really struggling.

4.0
12 Apr 2019

Genistar - Good or Bad? Both sides revealed...

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

You can genuinely help families with a ´free´ Financial Game plan and show them their current financial situation, which to many people is eye-opening. People have the opportunity to listen without any obligation and purchase any services / products that they want resulting from the plan. The good part is that you are helping families and can earn money from the process. Some people have earned a substantial amount of money and there is no ceiling on how much you can earn. You can also build a team and be part of the Genistar family who have weekly team meetings and training (all training is free). You pay 140 pounds to be a representative which includes your license to work for the company and background checks (and training). The commission structure is very generous and once you have a team in place could potentially earn a substantial amount of money. There is a scripted presentation that is easy to follow . You are your own boss, so can choose how many hours or what hours you want to work. There is a good support network in place and as this is based on team performance , like any other business, the support comes all the way down from the top of the company. There are many incentives, perks and events which make you feel part of the Genistar Company. If you do go to an event, DO NOT TAKE YOUR CHECK BOOK with you or hand over any cash on the first day. Talk it over first with family and friends first, speak to a Genistar Rep and ask if you can attend a free team meeting / training. Make sure you know everything in advance so that you can make a fully informed decision. Some people ´sign up´ to Genistar before understanding what is involved and even though 140 quid may not seem a lot of money for some, it still is 140 quid. If you go along to a presentation or team meeting, it is surprising to see how many dentists, pastors of churches, solicitors, financial experts etc are part of the Genistar family. Those who say this is a Pyramid Scheme... one thing about this is... You have no unwanted products in your home (no cleaning solutions, jewellery, perfume, cosmetics etc). You do not have to purchase a starter / sample kit. The products / services you offer are what everybody needs.

Cons

Genistar is not for everybody. Firstly, you are visiting people in their homes. This could be evenings / weekends and definitely not a 9 - 5 job. Potentially you could spend over 3 hours over 2 visits preparing a FREE Financial Game Plan and the families have no obligation to purchase anything which is why leads are qualified / rated before going out on a visit. A FGP (Financial Game Plan) is not essentially FREE as you request that the family give you at least 10 names of people who could benefit from the FGP. On balance, this seems fair if you are offering them at least 3 hours free of your time with no obligation, however, some people may feel uncomfortable to do this. So, you pay your 140 pounds and then are asked to provide a top 10 list of friends or people you know who come within a 5 star rating. This is uncomfortable for some people although for someone new to the business this could potentially launch the ´new recruit´ and his / her business. To become a team leader you need to get 3 recruits and there is ´pressure´ to achieve this very quickly. Some people feel uncomfortable with this as this is after their initial recruitment and they are still NEW to the business. Although there is team support and regular team meetings, these can be off putting for some people. These are intended to be motivational and uplifting focusing on how much you can earn with the best ways on how to do this. The income is not guaranteed and it is definitely NOT a get rich quick scheme. Do not leave a full time job with a guaranteed income until you become established in the business or any other business for that matter. In summary, find out all the facts before handing over any money.

Viewing 1 - 3 of 33 Reviews

Glassdoor has 39 Genistar reviews submitted anonymously by Genistar employees. Read employee reviews and ratings on Glassdoor to decide if Genistar is right for you.