$1000/week - Good For A Rookie

[The Rabbi]

My Learn & Earn Agents are making over $1000 week average - closing 4 or 5 deals and only working 10am to noon and 4pm to 6pm - Monday through Thursday . . .

Is that a good deal for a Newbie - $1k+ a week ? ? ?

Tom

That claim is really absurd.

 

[Guest]

$1000 a week is certainly not rich either, good heads up!

This is for all the new guys. No not the experienced agents who just recently joined the board and have minimal posts, but the new agent just getting into the business.

Beware of posts like this, do not and I repeat DO NOT jump on the first train running and think that your going to make a quick buck. Chances are, you are going to run into someone who wants to prosper off of your hard work.

Guess what, your going to make mistakes, bad decisions, etc... That is just part of life, however, there are those on this board who can provide sound advice and guidance. I personally have corresponded with a few and have be very pleased with the results. No one has you "you need to do this or that", they have given recommendations and options. Bottom line, no one is going to fill your bank account but you.

You then may ask, how do I know which ones to trust. Well first of all, do not be put off by a posters, crude or sarcastic post, that is just their forum personality (however in some, it may be real life). In all, most of the people here will help you, not hold your hand, but advise on how to do it. To find the ones, that will truly help, pick a section and go back and read from the very first post to the end. Then pick the next section and do the same. You will eventually get a feel for those who will offer guidance and advice and then you have those who are pimping their product. Then contact those and ask questions.

I only make this recommendation because it would be so easy for someone to read the very first post and say hey that's for me, $1000 per week, whoa boy I'm gonna get rich. It ain't that easy. Take it from a new guy into this business.

Good luck.

 

[seadevil]

Excellent post. I've I was a nicer guy, I would have said the same thing.

Rick

Rick,

I have the ability to no be so nice also. You P!$$ me off, screw me over, or even think about doing something to may family I can be one mean SOB.

 

[mswebb06]

To you and I that is not rich, 4-5000 per week is rich to me. However on the flip side to a 23 year old college graduate or to someone who has been working for 7.00 per hour, 1K per week is very lavish

$1000 a week is certainly not rich either, good heads up!

 

[Guest]

Yes, good point.

To you and I that is not rich, 4-5000 per week is rich to me. However on the flip side to a 23 year old college graduate or to someone who has been working for 7.00 per hour, 1K per week is very lavish

 

[myinsurebiz]

Before I get to the responses let me say that my post never said "rich", "get rich", etc - I asked if forum members would agree or disagree that $1,000 a week average is good or not.

Of course - the usual rhetoric - but I'll gladly respond.

You may want to find some agents with a better work ethic.

We only operate Monday through Thursday from 9am to 6pm in management / support. One of the top health producers in the country shared his story with me a few months back:

His main point was - choose a "work" schedule and stick to it! But - most of all - get away from the business more than you are into it. He works 9am to noon and 3pm to 6pm Monday through Thursday only. These times are show times! Game face on! Dialing For Dollars!

We adopted it AND it works. While we're new at it - it's working nevertheless. We have 30 agents - 10 of them actually doing something. Of these 10 - these have averaged over $1000 a week the last 3 weeks. Lead cost averages about 20%. They buy their own leads. We offer financing on our in-house leads if they need it . . .

#1 - You're obviously paying them 10% or less based on those numbers but yes, it's good for many people and insurance in the internet era doesn't require long hours to achieve success.

#2 - You'd have better even results having them work between 8 to 10AM and then 5/6 to 9 PM, statistically speaking.

should

1) A new agent earns 50% with a 9 month advance. The agent can also build a team and earn up to 25% in bonus over-rides based on production. I make 25% and up to 25% goes into overhead / training, etc.

2) These times are working. they're proven AND we are seeing similar results. I actually hit the driving range, take a swim, go fishing - whatever between noon and 3. I like it!

#1 - Let's do the math. 4 deals at an average $50 monthly premium is $200. At 50% commission, that's $100. With a 9 month advance, that's $900 gross, not including the cost of leads.

#2 - Math works, unless you take into consideration that the commission should be 100%.

#3 - So Tom, what the hell are you doing to earn your $900? All you've ever talked about is how you can recruit, not how you impart your vast knowledge of insurance.

#4 - In addition you are having your "agents" sell the policy that is easiest to sell, not the policy that is the best for their clients. Sounds like a lose, lose, win (for Tom) situation.

#5 - Once your "agents" realize that you really are nothing more than a carnival barker and are cheating them and in turn they are cheating their clients (out of good coverage), they will leave you.

#6 - You can defend what you are doing until you drop dead from exhaustion, but you are nothing more than another NAA type of shop.

#7 - I think I speak for 95% of those of us posting on this board when I suggest you simply go away and pimp yourself elsewhere.

#8 - By the way, the reason I'm on you like ugly on STI is because if I just keep one person from believing your crap, I've added value to this board - more than anyone can say about you.

Rick

1) Correct! Lead cost is 20% average.

2) LOL @ 100%. I can get people 100%+ - but why? I'm in the Team Building business. I show the new agent how to sell. To me - that's worth more than a 10-25% over-ride.

Rick - if I'm not mistaken, I saw a post where you were only offering 80% - hmmmmmmmmmm now you say it should be 100% - need to pray your memory is soon restored.

3) I teach people how to sell. I teach them the in's and out's of Simple Issue Life Insurance (no worries people - no medical license required) - most of all - I teach people how to build a Team and not rely on personal sales only. Most of all - I earn my BIG BUCKS for people to have access to me!

Give me 90 days - I'll teach you the biz if you are producing. After 90 days - if you still believe the money is in "personal sales" - I'll move you up to 115% - or direct you to similar contracts. No skin off my back . . .

4) Funny. Our target client only qualifies for non-med. If they are healthy - the sale gets passed up to a agent qualified to write underwritten business and referral agent earns his same 50% commission.

We offer our Fully Underwritten (FUW) clients access to all the carriers AND as you know - at the same rates as every other agent in the USA - since insurance is price fixed.

However - this isn't our market. We target non-med leads.

5) God only knows how your mouth can spew such chit Rick. I imagine He is ashamed of you . . .

Nobody is "cheated". Everyone knows the game going in. In addition - our clients have access to the very same products a yahoo like you sells - so, they have access to quality products.

So Rick - for the record - you are saying these companies don't offer "good coverage":

Banner
Genworth
Shenandoah
ForeThought
ING
Fidelity

. . . and more?

You sir - are a jack ass . . .

6) NAA is a well run group. they have buyers seeking what they sell. Don't be jealous Rick. It's not becoming of you . . .

7) LOL - I doubt you speak for .95% of the people on this board. I get 10 calls a day from this forum from people seeking a new way of living. I recruit about 5 of them weekly. Perhaps when they have achieved success with our system - I'll introduce them to this circus and they can pop off a testimony . . .

8) Yes - I appreciate your dialogue towards me Rick. People see it for what's it's worth, and not wanting to turn out like you - they see the "value" in our program.

Look - we aren't for the established agent. We are for new agents or agents wanting to Team build. We'll be just fine!

In this business, no mater where you are and who you deal with.. you will find sharks and dolphins. A shark will find a way to eat you and a dolphin will help you survive.

Simply put myinsurebiz is a shark. If you decide to swim with him, don't be surprized if you get bit.

Is he the only one? No, but right now he is the most obvious.

LOL @ "shark" . . .

Nothing to get bit for . . .

There is no cost to join. You receive an upfront release clause predicated upon outstanding advances. You "learn" while you "earn". You can share the concept with others and build a Team - which is where the money is . . .

No fine print! It's easy! Get licensed. Get appointed. Get to work - sell Simple Issue Life Insurance. Once you learn the ropes and get your feet wet - go get a higher contract. Heck - I'll give you 115% whenever you want it. The BIG BUCKS are in Team Building.

Unlike most - I'm upfront and to the point. I know that once you start producing and get the hang of the biz - you'll probably leave to higher ground - NO PROBLEM! I'll even show you how to do it. Take your Team as well - no problem - I'll still get an over-ride if you write with carriers I'm associated with. You and I both know going in what the deal is - no surprises - no fine print . . .

That claim is really absurd.

Why? It has happened that last 3 weeks Joel.

Anyone can call me up and come visit Statesboro - I'll show you the numbers in black and white. I'll even set up a training class and you can see how we do it. It's not rocket science . . .

Heck - $2,500 and I'll come do a recruiting / training seminar weekend - Thursday Night Recruiting + Friday Training. You will learn how to sell Simple Issue Life Insurance on the phone, via the web or belly to belly . . .

To you and I that is not rich, 4-5000 per week is rich to me. However on the flip side to a 23 year old college graduate or to someone who has been working for 7.00 per hour, 1K per week is very lavish

True That!

Never use the word "rich".

You earn what you create - simple!

Want to make $4k - $5k a week - get you 10 Team Agents doing those simple 4 or 5 - $50 month policies & rock on!

It's easier than you think . . .

Tom

p.s. - We have a Recruiting / Training Seminar scheduled for the 2nd week of November in Savannah. Also - 1st week of December in Augusta, 2nd week of December in Atlanta.

Anyone wishing to stop by and sit in - ring me up for the details.

 

[LGilmore]

LOL @ "shark" .

Maybe it's just my computer, but everytime I read what you've posted the speakers start playing the soundtrack from "jaws"...

You're not the first of your type and you're not the last. May this career last longer than the previous one. If it doesn't would you see a pattern?

 

[GreenSky]

Rick - if I'm not mistaken, I saw a post where you were only offering 80% - hmmmmmmmmmm now you say it should be 100% - need to pray your memory is soon restored.

I doubt you speak for .95% of the people on this board. I get 10 calls a day from this forum from people seeking a new way of living. I recruit about 5 of them weekly. Perhaps when they have achieved success with our system - I'll introduce them to this circus and they can pop off a testimony . . .

I'm not offering a damn thing. If you read the entire post I said there was a GA who did ALL the work but your haircut lowers the commission to 80%.

If you want to set everything up, then you can get the 100%

As far as receiving 5 calls a week, talk is cheap. You are on this forum for the sole purpose of recruiting and you NEVER place this chit in the insurance offers. That makes you dishonest. Why don't you just pay Sam for an ad and be done with it? Have some ethics you jackoff.

Tom, you are a bottom feeder and I honestly hope you get the hell out of this business.

Rick

 

[Paradigm]

I'm not offering a damn thing. If you read the entire post I said there was a GA who did ALL the work but your haircut lowers the commission to 80%.

If you want to set everything up, then you can get the 100%

As far as receiving 5 calls a week, talk is cheap. You are on this forum for the sole purpose of recruiting and you NEVER place this chit in the insurance offers. That makes you dishonest. Why don't you just pay Sam for an ad and be done with it? Have some ethics you jackoff.

Tom, you are a bottom feeder and I honestly hope you get the hell out of this business.

Rick

The agents will be fine, most carriers offer multiple contracts afterall.

What surprised me however is that Tom is really only offering 40% or a 360% of premium advance because he said 20% goes to pay for leads. You would really think with that much haircut he would provide leads to agents.

And Tom you took the posting between myself and Rick out of context. Rick does not override pjp he referrs agents to them and that benefits the agent by havinga reduced setup fee so it is win win.

Plus they only appoint you as u write the carriers (a practice allowed in Life insurance as long as you have blanket E&O). Second it is in essence the agent submitted an online refferal to the for which they pay youa reduced street rate of 80%, but that agent doesnt have to do anything besides mail the policy and have the client mail ina check. Trust me if you are experienced in this business that customer service process you avoid is worth the 20 pts.

Secondly you can have higher contracts in each of the carriers through other MGA. So u could have a contract of 115% else where and a contract for 80% with pjp and use each contact as you saw fit. If you were doing buiness in person you might use the higher contract but if you wanted to do a 5 min app. online youd use the 80% contract.

Tom you should not speak of what you do not know

 

[Expat]

Tom you should not speak of what you do not know

Don't be facetious, you may not be aware of it, but he had a whole week of training.