What could be the main causes of our failure when we join this profession of
becoming an insurance agent?
Total Comments: 34
Posted: Fri Jun 25, 2010 10:01 am Post Subject:
I'm with AmeriPlan. Even though I'm personally not an Insurance Agent, I have a lot of them on my team.
They do really well because they already have prospects coming in and they just have one more service to offer them. I think it really works out great for them since if you are working with someone that will not quailify or simply can not afford the monthly premium you'd then be able to present AmeriPlan.
Being licensed and selling life/health insurance is very profitable...its also very expensive to purchase leads, continuing education, etc. Things that are very hard to maintain if you are just starting out, you don't make a profit initially. AmeriPlan is different considering the monthly maintenance fee and the marketing is very affordable.
AmeriPlan offers daily pay, weekly bonuses, monthly residual income, awesome and easily attainable commission plan, bonus builder overrides etc.
Just thought I would share that for those looking to add a product line to your exisiting portfolio and in turn increasing your income.
Much success to you all!
~TaVona
Posted: Sat Jun 26, 2010 05:48 pm Post Subject: why new agents fail?
Lack of qualified prospects to see. Too many agents spend too much time trying to develop a need rather than helping people that already have a need and want your help. If you can solve somebody's problem, you are of value to that person. If that client doesn't feel they have a problem or if the client doesn't feel that you can solve their problem, you are not a value to them.
Also, for what it's worth, if you don't specialize in a particular type of insurance, you will fail. If you are trying to be everything to everyone, you will fail. Find your niche and stick with it. If the niche dries up, find another niche and ride it out.
If you are looking for qualified leads and prospects and high commission levels (80-105% depending on your experience), contact me at dongrimes1970@gmail.com
Posted: Wed Jun 22, 2011 06:43 pm Post Subject: leads/numbers
I worked at one on the top four insurance firms in the United States and I didn't make it, along with most of the other new agents. The main reason why I failed is getting potential clients to meet/having numbers to call. It doesn't matter how well you can sell the products/cross sell or any of that bull. THE ONLY THING THAT MATTERS IS SETTING APPOINTMENTS and anyone who tells you otherwise is wrong. All of the large companies such as mine sends senior reps with you to your meetings and you just sit there and watch them sell for about 6 months, "you split the commission". Most reps fail when they run out of people to call from their natural network. Half of the old agents survive by getting new clients from the new agents and take over those cases when the young agents leave the firm. In other words the company benefits from your failure because they sucked you dry of your natural network or they have a new agent who can produce. Almost all agents fail, 1 out of 20 new reps may make it more then 2 years if its a good company.....that's why they are always hiring.
Posted: Wed Jun 22, 2011 06:58 pm Post Subject: By the way
By the way moc 75 "married, Own a home, have Children and make a combined income of 75,000 or more" are the people you need to know so check out your natural network and see what you have. O and paying for lead numbers does not work, everyone in my office has paid anywhere from $50 to a $1,000 for these lists and they never produce anything at all. one guy I know went on 25 appointments with them and never sold one thing but he does very well normally. I know another guy who works at the third biggest insurance firm in the us who did well and he said that he made 25,000 to 120,000 every year depending on the market and his life was insurance for those 4 years. He left the company after four years. Remember that a guy who makes 100,000 is not making much after paying 28,000 for a secretary among tons of other things.....he ends up making 50ish depending on the firm. Firms never tell you about hidden fees, mass mutual, guardian, northwestern and new york life among a few.
Posted: Fri Jun 25, 2010 10:01 am Post Subject:
I'm with AmeriPlan. Even though I'm personally not an Insurance Agent, I have a lot of them on my team.
They do really well because they already have prospects coming in and they just have one more service to offer them. I think it really works out great for them since if you are working with someone that will not quailify or simply can not afford the monthly premium you'd then be able to present AmeriPlan.
Being licensed and selling life/health insurance is very profitable...its also very expensive to purchase leads, continuing education, etc. Things that are very hard to maintain if you are just starting out, you don't make a profit initially. AmeriPlan is different considering the monthly maintenance fee and the marketing is very affordable.
AmeriPlan offers daily pay, weekly bonuses, monthly residual income, awesome and easily attainable commission plan, bonus builder overrides etc.
Just thought I would share that for those looking to add a product line to your exisiting portfolio and in turn increasing your income.
Much success to you all!
~TaVona
Posted: Sat Jun 26, 2010 05:48 pm Post Subject: why new agents fail?
Lack of qualified prospects to see. Too many agents spend too much time trying to develop a need rather than helping people that already have a need and want your help. If you can solve somebody's problem, you are of value to that person. If that client doesn't feel they have a problem or if the client doesn't feel that you can solve their problem, you are not a value to them.
Also, for what it's worth, if you don't specialize in a particular type of insurance, you will fail. If you are trying to be everything to everyone, you will fail. Find your niche and stick with it. If the niche dries up, find another niche and ride it out.
If you are looking for qualified leads and prospects and high commission levels (80-105% depending on your experience), contact me at dongrimes1970@gmail.com
Posted: Wed Jun 22, 2011 06:43 pm Post Subject: leads/numbers
I worked at one on the top four insurance firms in the United States and I didn't make it, along with most of the other new agents. The main reason why I failed is getting potential clients to meet/having numbers to call. It doesn't matter how well you can sell the products/cross sell or any of that bull. THE ONLY THING THAT MATTERS IS SETTING APPOINTMENTS and anyone who tells you otherwise is wrong. All of the large companies such as mine sends senior reps with you to your meetings and you just sit there and watch them sell for about 6 months, "you split the commission". Most reps fail when they run out of people to call from their natural network. Half of the old agents survive by getting new clients from the new agents and take over those cases when the young agents leave the firm. In other words the company benefits from your failure because they sucked you dry of your natural network or they have a new agent who can produce. Almost all agents fail, 1 out of 20 new reps may make it more then 2 years if its a good company.....that's why they are always hiring.
Posted: Wed Jun 22, 2011 06:58 pm Post Subject: By the way
By the way moc 75 "married, Own a home, have Children and make a combined income of 75,000 or more" are the people you need to know so check out your natural network and see what you have. O and paying for lead numbers does not work, everyone in my office has paid anywhere from $50 to a $1,000 for these lists and they never produce anything at all. one guy I know went on 25 appointments with them and never sold one thing but he does very well normally. I know another guy who works at the third biggest insurance firm in the us who did well and he said that he made 25,000 to 120,000 every year depending on the market and his life was insurance for those 4 years. He left the company after four years. Remember that a guy who makes 100,000 is not making much after paying 28,000 for a secretary among tons of other things.....he ends up making 50ish depending on the firm. Firms never tell you about hidden fees, mass mutual, guardian, northwestern and new york life among a few.
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