gobigred- you could make a go of it with those numbers. You just need to keep your overhead low. Understanding how to do that while at the same time dealing with a mangaement force that thinks your overhead should be very high so that you write a lot of up front production and make them look good is another story. The other problem is that most likely those are not the numbers you will end up with when you open your doors.
Becoming a State Farm Agent
- Thread starter shawn17ths
- Start date
So, it sounds like you will gross about $160k off of auto and fire for the first two years.
Create your business plan based on worst case scenario, 8% commission, no other bonus or scorecard. You will earn 10% default for two years, but don't get into a trap where you over expand and then have to backpedal and cut back on staffing marketing etc. They will show you big scorecard potential, make sure you understand what it takes to reach the numbers. An underworked book should have a lot of financial services potential, but you will need staff that can sell, not just service. Interview the existing team carefully, make sure they can grow and adapt to your needs. They may have been on autopilot for a long time and can't ramp it back up to sell and multi-line. Good luck.
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Doubtful you will get 100% of this.they can and will most probably take some of that and give it out..very small chance.it happened to me just as an fyi.
Im thinking of hanging up one year in and opening an allstate In my home state
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Im thinking of hanging up one year in and opening an allstate In my home state
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gobigred, you can expect actual assignment to be less than promised and book to be raided after you start. Say you end up with 2/3, ask yourself if you can pay rent and utilities and phones and staff out of the $100K that is left. If your commission goes to 8%? Read this thread again carefully. State Farm wants more store fronts. You own the bills. You don't own the assets. How many agents got what they were promised? It will be your fault for not selling enough. There is a reason so many agents are disengaged.
I too am in the process of becoming a SF agent. I am asking what is a realistic income to anticipate year 1 if you take over as an AI. Secondly, is there anyone out there who as a TICA can claim that they are doing well - that is on goal and making money - net profit. I currently clear $10K per month in sales and yet have thought a SF agency would provide a stable income comparable.
Any input is welcomed both good and bad.
Any input is welcomed both good and bad.
Hi all, I have been in contact with a State Farm agency that is thinking about adding a few more agents to her office. I just graduated with a degree in financial management. I have a few questions.
Since i might be possibly working for an agent, how much lower would my commissions be?
Is State Farm a good company to start out with?
She is offering a base salery in the mid 20,000 a year range however there is no benefits. Its a M-F deal with Satrudays possible if you have appointments.
I went in for the first interview and she told me my degree will help me but they sell more of the "boring" stuff then what I primarily studied in college. Im ok with that as long as I can get some decent commissions from selling car insurance and other insurances.
What do you guys think of the potential opportunity.?
Sorry for all the NEWB questions but I kinda have to know as the next interview is Tuesday (March 8).
Thank you guys for all your advice/info.
(BTW is this right forum to post this, If not, Mods feel free to move it).
Since i might be possibly working for an agent, how much lower would my commissions be?
Is State Farm a good company to start out with?
She is offering a base salery in the mid 20,000 a year range however there is no benefits. Its a M-F deal with Satrudays possible if you have appointments.
I went in for the first interview and she told me my degree will help me but they sell more of the "boring" stuff then what I primarily studied in college. Im ok with that as long as I can get some decent commissions from selling car insurance and other insurances.
What do you guys think of the potential opportunity.?
Sorry for all the NEWB questions but I kinda have to know as the next interview is Tuesday (March 8).
Thank you guys for all your advice/info.
(BTW is this right forum to post this, If not, Mods feel free to move it).
Nah,
, this ain't the right forum. Becoming a State Farm agent is totally different then getting licensed and working as a staff person (even in sales) in an agents State Farm Agency office. The position you are talking about more than likely is only a good place to get your feet on the ground, to get licensed, to learn the business and a chance to see if this is something you want to do.houstonagent
New Member
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Does anyone know of any successful agents in the Houston, TX area? I am in the process of becoming an agent as well and I've been told that Houston has a great market and a lot of the new agents are doing well.
looking for Matt Schomburg State Farm Agent...located in Katy TX fry. RD....he is a very succesful agent
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