Hello, all. I am interested in learning about sales avenues that would work as a scalable side hustle.
I am 30 with a family and a day-job that pays about $50K/year with benefits. I live in a small town of about 30k people.
I started doing some web design on the side, but I really want to get away from that for a number of reasons.
I started poking around and trying to learn about other side business avenues and I am trying to learn more about insurance sales.
My general question is how feasible this is as a side hustle (though I really hate that term). I find that I have an honest 20-30 hours/week to dedicate to things other than my day-job and family commitments.
1. How "scalable" is this? How few hours can a person dedicate to this and still have it be worth their while?
2. What are the available sales avenues for this? Is it mostly selling to individuals local to (your town)? Or are there sufficient opportunities for telesales/online sales?
3. What are some good resources to learn about "how it works"? I know virtually nothing about selling insurance.
4. How does it work? I understand that to do it as a side business I would need to work with an FMO/IMO (and honestly, I have zero interest in having another boss other than myself). How do people generally get started? Does it really evolve around a bunch of "door-knocking"?
5. What are the typical start-up costs? I know that I need the state course/exam, insurance of my own, and I already have a home office, phone system, etc. that I use for my existing side business.
6. Which type of insurance (lines of authority, I think it's called?) do you think would be best for a person in my situation?
I am 30 with a family and a day-job that pays about $50K/year with benefits. I live in a small town of about 30k people.
I started doing some web design on the side, but I really want to get away from that for a number of reasons.
I started poking around and trying to learn about other side business avenues and I am trying to learn more about insurance sales.
My general question is how feasible this is as a side hustle (though I really hate that term). I find that I have an honest 20-30 hours/week to dedicate to things other than my day-job and family commitments.
1. How "scalable" is this? How few hours can a person dedicate to this and still have it be worth their while?
2. What are the available sales avenues for this? Is it mostly selling to individuals local to (your town)? Or are there sufficient opportunities for telesales/online sales?
3. What are some good resources to learn about "how it works"? I know virtually nothing about selling insurance.
4. How does it work? I understand that to do it as a side business I would need to work with an FMO/IMO (and honestly, I have zero interest in having another boss other than myself). How do people generally get started? Does it really evolve around a bunch of "door-knocking"?
5. What are the typical start-up costs? I know that I need the state course/exam, insurance of my own, and I already have a home office, phone system, etc. that I use for my existing side business.
6. Which type of insurance (lines of authority, I think it's called?) do you think would be best for a person in my situation?