So what your saying in a nutshell Josh is an Imo is better off making 5-10% max and having massive downlines and multiple layers who take the rollups. So if he's at 150-160% give out 145-150 to agency's with 100's of agents and be happy making 5-10% with little to no risk.Just like Newby's under Efes with several contracts. Efes is happy making 5% risk free.
140% with Fam 1st life ????????/
- Thread starter mudhound
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- 7,012
Well, I was meaning that there's an either/or situation.
That's definitely one way of doing it. Gotta get big enough to do that though.
You could also run a local shop, discounted/free leads and a huge spread.
But you'll probably always plateau at some point with that model. The big shops tend to have multiple streams.
A career model, a call center, an indy distribution with decent spread and then a bunch of smaller IMOs with little spread.
Or a major MLM model. Look at Symmetry. You can bash those guys, but they hold the line on comp/promo guidelines. Everyone there knows they will max out at 110 and that's for the SI term products. And those guys aren't direct to the carriers either.
There is a benefit of strength in numbers. Influence is important.
I think we will see more consolidation as time goes on. Every industry is going that way.
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Think about it. If you have rock solid agencies under you giving you 5% and you never have to deal with one single agent call? Or one single debt roll up? That's a pretty sweet spot to be in. But that guy on that contract has to be able to put enough of them together to have enough production with that particular company to be in that position to do that. On some of those contracts EFES has another guy above them making 5 points on their stuff too. That's just how it works.
Believe me, you don't know anyone and have never spoken with anyone that has every contract direct to the company. A lot of agencies would rather die than let people find out who their contracts are under. I've never understood that logic.
