$1000/week - Good For A Rookie

[Paradigm]

LOL - see how you old hens make this biz more difficult than it it is.

1) I never said I "charge" agents 20% - I said an Agent's lead cost should not exceed 20% of their revenues. Our Agents provide their own leads OR they can utilize our inhouse qualified leads for $20 and we'll finance them.

2) Here's basic math on commissions.

Monthly Policy Premium Amount x 50% commission x 9 months advance = Gross Commission Revenue.

Example:

$50 policy x 50% = $25 x 9 months = $225.

Lead cost shouldn't exceed $45 in this instance. On an average so far - our Agent's are writing one out of two of our inhouse leads and one out of 12 on NetQuote $3 leads.

By the way elephant man - You forgot the "i" in premium above in your 3rd sentence. Cobb county 'eh . . .

Tom

Thats exactly what i said

I dont have any problem with the ROI?

Do you have a mechanism by which with production the agents comp automatically escalates?

Especially those who dont want the team builder concept

 

[myinsurebiz]

Do you have a mechanism by which with production the agents comp automatically escalates?

Everyone starts @ 50% and can earn bonuses based on Personal and/or Team production - based on monthly premiums created each week:

$100 Personal / $1k Team Production = 5% Bonus

$200 Personal / $2k Team Production = 10% Bonus

$300 Personal / $3k Team Production = 15% Bonus

$400 Personal / $4k Team Production = 20% Bonus

$500 Personal / $5k Team Production = 25% Bonus

Example:

Tom is a Team Leader and recruits Sue and Sue recruits Jill.

Tom's entire team creates a total of $4,000 in monthly premiums in a given week. Sue's team creates $2,000 in monthly premiums. Jill's team creates $1,000 in monthly premiums.

Tom earns 20% of whatever his entire team creates, until Tom reaches Sue's team - then Tom only earns 10% because Sue earns 10% on her team's production. sue earns 10% until Sue reaches Jill's team - then Sue only earns 5% - since Jill earns 5% on her personal team's production.

No different than any insurance agency hierarchy - just lower commission schedule to compensate for training.

An Agent can leave the Team Program and get a personal 100%+ contract whenever they wish - no problem. Release subject to any outstanding advances.

The BIG BUX are in the Team building.

Example:

Tom achieves the 25% Bonus Level and his average Bonus spread is 15%.

Tom has 12 Team Agents (recruited two a month with 50% attrition) that average $200 in monthly premium sales a week. Tom earns a 15% Bonus advanced at 9 months = $3,240 a WEEK !!

$200 x 15% = $30 x 9 months = $270 x 12 Agents = $3,240 income for just a WEEK . . .

Again - this program isn't for an experienced agent on the personal side. However - anyone can Team build . . .

Tom

 

[GreenSky]

They also have the opportunity to sell Amway on the side and build a team. What a joke!

Tom, if you are correct that there is a god, you will surely be punished.

Rick

 

[moonlightandmargaritas]

They also have the opportunity to seel Amway on the side and build a team. What a joke!

Tom, if you are correct that there is a god, you will surely be punished.

huckster

charlatan

 

[Guest]

I have to say this is very eye opening for me.
​

I allowed myself (in the past) to engage in the condescending repartee that runs rampant on this forum and I feel vitiated by it. And the more I read the forum, the more I hope (in the future) that I never resemble that (inner) person again.

"He who angers you, conquers you."

Sister Elizabeth Kenny

​

 

[Paradigm]

Rob,

The man who knows he does not know can be taught, but for the man who does not know he does not know and thinks he knows what he does not know and then tries to convince others that he knows what he does not know; for him there is no hope. He becomes a menace to all because he acts without knowledge to the detriment of all concerned.

 

[Guest]

That (after reading it over six times, LOL) is a sad reality considering it really is mindset of the masses, thanks the dumbing down of the nation, email hoaxes that go unchecked, the media feeding us total lies, propaganda, etc, etc, etc.

Rob,

The man who knows he does not know can be taught, but for the man who does not know he does not know and thinks he knows what he does not know and then tries to convince others that he knows what he does not know; for him there is no hope. He becomes a menace to all because he acts without knowledge to the detriment of all concerned.

 

[Paradigm]

That (after reading it over six times, LOL) is a sad reality considering it really is mindset of the masses, thanks the dumbing down of the nation, email hoaxes that go unchecked, the media feeding us total lies, propaganda, etc, etc, etc.

Yes we are all being "Obamaized"

 

[Guest]

Rob,

The man who knows he does not know can be taught, but for the man who does not know he does not know and thinks he knows what he does not know and then tries to convince others that he knows what he does not know; for him there is no hope.

Talk about a having to decipher a sentence! OK, try to punctuate this one:

That that is is that that is that that is not that that is.

(When I taught English, this was always a class favorite each year.)

Al

 

[moonlightandmargaritas]

Yes we are all being "Obamaized"

For Christ's sake, will you get real, and take off your GOP blinders for a minute?

People with this level of devotion to a frickin' political party are in the same class as the Islamic extremists.

I mean, c'mon. This stuff was goin' on a long time before Obama was around.