What could be the main causes of our failure when we join this profession of
becoming an insurance agent?
Total Comments: 34
Posted: Wed Sep 16, 2009 08:52 am Post Subject:
Hi Becky,
I guess it's their inability to cross sell different insurance products.
Their portfolio seems pretty limited in terms of insurance products.
Steven
Posted: Thu Sep 17, 2009 02:01 am Post Subject:
Most have no clue what they are doing and get eaten alive by experienced agents. Most don't have the money needed to get a marketing plan going. Most don't have a strong product portfolio.
Posted: Thu Sep 17, 2009 05:21 am Post Subject:
Yes, most of them don't exactly have a good system which the more experienced agents have developed. A proper training would have ensured better results. Roddick
Posted: Fri Sep 18, 2009 10:56 am Post Subject:
Someone please develop an upgraded commission system that ensures a cash flow on a weekly basis. This would help all new agents to look beyond their bills due and concentrate more on training.
Posted: Fri Sep 18, 2009 01:46 pm Post Subject:
Someone please develop an upgraded commission system that ensures a cash flow on a weekly basis. This would help all new agents to look beyond their bills due and concentrate more on training.
Why would someone pay a new agent for money they haven't received yet?
Posted: Sat Sep 19, 2009 07:08 pm Post Subject:
There seems to be one overriding reason for failure. Most agents don't do what is needed to be done on a daily basis. Agents need to spend their days seeing people or fighting to see them. All other activities are taking them a step closer to failure.
Posted: Mon Sep 21, 2009 11:40 am Post Subject:
Hi Expert,
Which other activities are you pointing to?
Which factor in your opinion is keeping the agents pre-occupied?
Steven
Posted: Mon Sep 21, 2009 01:03 pm Post Subject:
Roddick- I guess its even more important than training, that we should be able to equip the new agents with effective marketing strategies.
With better prospecting ideas they'd be more confident to initiate a conversation with their client. Pinkfloydfan
Posted: Tue Sep 22, 2009 08:56 am Post Subject:
Their portfolio seems pretty limited in terms of insurance products.
Yes, a variety-product portfolio that offers different insurance solutions could support a potential client. They fail to impress quite often as they discover hidden facts associated with their prospective client.
Posted: Tue Sep 22, 2009 06:50 pm Post Subject:
It is diffcult for new agents to remain in business simply because they are not prepared. I have found that new agents jump into this business not knowly the full aspect of how to build a porfolio and establish a relationship with there clients. I have had several prospective agents train in my office and they were truly overwhelmed with everything that we do. Run the agency - customer service - pay the bills - licensing - rate revisions - underwriting changes
Then on top of all of that our economy is in a tail spin and client will leave over price if no relationship is established.
I do not believe the they are lacking a variety of products because you can offer all the products in the world but if you do not have the clients to sell those products you still fail.
Posted: Wed Sep 16, 2009 08:52 am Post Subject:
Hi Becky,
I guess it's their inability to cross sell different insurance products.
Their portfolio seems pretty limited in terms of insurance products.
Steven
Posted: Thu Sep 17, 2009 02:01 am Post Subject:
Most have no clue what they are doing and get eaten alive by experienced agents. Most don't have the money needed to get a marketing plan going. Most don't have a strong product portfolio.
Posted: Thu Sep 17, 2009 05:21 am Post Subject:
Yes, most of them don't exactly have a good system which the more experienced agents have developed. A proper training would have ensured better results. Roddick
Posted: Fri Sep 18, 2009 10:56 am Post Subject:
Someone please develop an upgraded commission system that ensures a cash flow on a weekly basis. This would help all new agents to look beyond their bills due and concentrate more on training.
Posted: Fri Sep 18, 2009 01:46 pm Post Subject:
Someone please develop an upgraded commission system that ensures a cash flow on a weekly basis. This would help all new agents to look beyond their bills due and concentrate more on training.
Why would someone pay a new agent for money they haven't received yet?
Posted: Sat Sep 19, 2009 07:08 pm Post Subject:
There seems to be one overriding reason for failure. Most agents don't do what is needed to be done on a daily basis. Agents need to spend their days seeing people or fighting to see them. All other activities are taking them a step closer to failure.
Posted: Mon Sep 21, 2009 11:40 am Post Subject:
Hi Expert,
Which other activities are you pointing to?
Which factor in your opinion is keeping the agents pre-occupied?
Steven
Posted: Mon Sep 21, 2009 01:03 pm Post Subject:
Roddick- I guess its even more important than training, that we should be able to equip the new agents with effective marketing strategies.
With better prospecting ideas they'd be more confident to initiate a conversation with their client. Pinkfloydfan
Posted: Tue Sep 22, 2009 08:56 am Post Subject:
Their portfolio seems pretty limited in terms of insurance products.
Yes, a variety-product portfolio that offers different insurance solutions could support a potential client. They fail to impress quite often as they discover hidden facts associated with their prospective client.
Posted: Tue Sep 22, 2009 06:50 pm Post Subject:
It is diffcult for new agents to remain in business simply because they are not prepared. I have found that new agents jump into this business not knowly the full aspect of how to build a porfolio and establish a relationship with there clients. I have had several prospective agents train in my office and they were truly overwhelmed with everything that we do. Run the agency - customer service - pay the bills - licensing - rate revisions - underwriting changes
Then on top of all of that our economy is in a tail spin and client will leave over price if no relationship is established.
I do not believe the they are lacking a variety of products because you can offer all the products in the world but if you do not have the clients to sell those products you still fail.
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