Breaking Into The Biz

Thanks Dweezil, I might have been confused about the industry had you not corrected that. ;)

I just passed the exam by the way, so one more step down!

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I'm sure that is pretty typical behavior at WM.
 
Thanks Dweezil, I might have been confused about the industry had you not corrected that. ;)

I just passed the exam by the way, so one more step down!

----------

I'm sure that is pretty typical behavior at WM.

Congrats, I just received my writing number from Security National today.
 
I'd like to start off by saying that this forum has been quite helpful to me prior to my even posting an introduction, and would like to thank those that continually post honest and informative content on this forum.

I am a career chef, that has recently made the decision to leave the foodservice industry. I have a young family, and foodservice has not allowed me to spend the kind of time them that they deserve. Don't get me wrong, I'm very willing to work hard, even "long hours", but I'm coming off an Executive Chef position in which I worked 85-115 hours/week, nights, holidays, and weekends in particular. After several months of research and discussions with my wife, I left my $80K/year position to pursue insurance sales.

I took a full-time job selling cable services, which I start Monday. Tomorrow, I take my life insurance exam, for which I am well prepared. I've also started marketing my own HVAC services in my community, and have generated a nice supplemental income. So, I'm in a pretty decent place to begin my journey into the world of being an insurance producer, without risking my families need for food/shelter/water/etc.

I still, however, am undecided on where to start. I have had a few conversations with MLM's, and have no interest in that concept. I have considered working as a captive agent to learn some technique, though this would require me to drop my sales position, and disable me to begin selling part-time on my own. So, I'm really leaning towards getting an IMO, and beginning independent sales on a part time basis. I'm sitting on a relatively low budget, though I am employed, so I do have capital to purchase leads/market my services/ etc.

Where I'm really stuck is deciding which type of products to begin with. Many on this forum suggest that FE is a great place to start. Being in a community made up of a high percentage of 50-75 y/o's, this certainly would seem to be a good fit for me. There also seems to be some very good IMO's for FE participating in this forum.

What do you think? Any other areas that might be a good place to start with a moderate budget?

Any suggestions of any kind will be appreciated.

chefadamo

The best thing you can do is pick a product and become a master of it.

Final expense is appealing because of the higher commissions and one-call close approach.

However, Medicare sales is a good choice, as well.

I'd recommend checking out my educational videos on final expense here to get more perspective on how to sell final expense part-time, and what you really need to have in order to make it long-term.
 
Thanks Rearden,

I've actually watched all of your videos and I did find them very informative. I will likely be contacting you in the near future to discuss possible mentorship.
 
I'd like to start off by saying that this forum has been quite helpful to me prior to my even posting an introduction, and would like to thank those that continually post honest and informative content on this forum.

I am a career chef, that has recently made the decision to leave the foodservice industry. I have a young family, and foodservice has not allowed me to spend the kind of time them that they deserve. Don't get me wrong, I'm very willing to work hard, even "long hours", but I'm coming off an Executive Chef position in which I worked 85-115 hours/week, nights, holidays, and weekends in particular. After several months of research and discussions with my wife, I left my $80K/year position to pursue insurance sales.

I took a full-time job selling cable services, which I start Monday. Tomorrow, I take my life insurance exam, for which I am well prepared. I've also started marketing my own HVAC services in my community, and have generated a nice supplemental income. So, I'm in a pretty decent place to begin my journey into the world of being an insurance producer, without risking my families need for food/shelter/water/etc.

I still, however, am undecided on where to start. I have had a few conversations with MLM's, and have no interest in that concept. I have considered working as a captive agent to learn some technique, though this would require me to drop my sales position, and disable me to begin selling part-time on my own. So, I'm really leaning towards getting an IMO, and beginning independent sales on a part time basis. I'm sitting on a relatively low budget, though I am employed, so I do have capital to purchase leads/market my services/ etc.

Where I'm really stuck is deciding which type of products to begin with. Many on this forum suggest that FE is a great place to start. Being in a community made up of a high percentage of 50-75 y/o's, this certainly would seem to be a good fit for me. There also seems to be some very good IMO's for FE participating in this forum.

What do you think? Any other areas that might be a good place to start with a moderate budget?

Any suggestions of any kind will be appreciated.

chefadamo



Before doing anything I would recommend your going to fexcontracting.com and spend the better part of a day reading about FE.

If FE is to be your focus? If it's med sups I wouldn't know where to go first to check out the business. Maybe Daytona Guy here at the forums?

Just don't confuse the two. They are completely different markets. There are quite a few opportunities to cross sell FE if your focus is med sups. There are very few opportunities to cross sell med sups if your focus is FE. MA? Yes. Med sups? No.

If after reading at fexcontracting.com you think you may want to pursue FE then I would just ask a veteran agent to allow you to ride along for a day.

You may very well decide then that it's not what you want to do.

The other advice I would give is that you talk to people that actually do what you are interested in doing. Not speculators or pretenders or pikers.
 
Thanks Jdeasy, really sound advice.

I have, indeed, actually read every page, for non-agents, on the fex website.
 
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