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You are independent, you can have what ever flavor you wish when ever you wish.
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Here Here!!
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Considering a Move to EFES
- Thread starter mbiallas
- Start date
You are independent, you can have what ever flavor you wish when ever you wish.
- - - - - - - - - - - - - - - - - -
Here Here!!
..........
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Kool-aid is best when served by others.
- 3,165
Just leaving Morongo Casino now.... We chopped, but I was chip leader, so I got the most, $375. Maybe I can afford LV now, lol.
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Nick Rogers
Expert
- 27
Todd you say you lead people to EFES sometimes. In my case, I've been a captive agent for the last couple years and was able to be real successful at it. Six months ago I broke away from the captive agent world. I am contracted with a couple carriers through a couple different IMO's which I really didn't even know what I was doing at first by getting with these IMO's. Just kind of grabbed the first thing that came my way without thinking. I'm now realizing the importance of having a consistent lead flow coming in. With the old captive company I was with (American Income Life) I never had an issue with. They had a good means of producing referrals and providing leads. I'm about a solid 3500 a week producer. Would you say that EFES is for me?
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If you produce 3500/wk, why not spend 400 (or 28/lead) to drop you're on leads every week? No matter which way you go, you're going to pay for leads.
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you really have two choices here brokerage or to partner up with a company like EFES...
your location is the first thing you need to look at and find someone that understands return rates to see what is in your best interest
if you are truly writing a solid 3500 a week you would probably average between a 16-18 dollar lead on my lead program with EFES... you would need to look at that lead cost and compare it to a higher commission and a higher lead cost and see which way is the better option for yourself...
Say he did get to $16/per at EFES with 15 leads a week. That would be a lead cost of $240. Say he was at a 90% contract, and doing the $3,500/week. He would be making $3,150/week with EFES.
Now lets say he just did it independently with an average of a 110% contract (conservativly) between all carriers. Say he got an average of 1.25% return (conservativly) on his mailers at $425/1,000. At that return he would need to mail 1,200 to get 15 lead cards. That would be a weekly cost of $510 to get the 15 leads.
EFES at 90%= $3,150/week minus $240 (lead cost)= 2,910/week
Independent at 110% conservatively= 3,850/week minus $510 (lead cost)=$3,340/week
That's a $430/week difference, not huge but adds up throughout a year (50 weeks, take 2 off vacation) $430x50= $21,500/year difference. I'm sure I'm not exactly right with EFES's commission % as I've never worked with them, but I bet I'm close.
Now lets say he just did it independently with an average of a 110% contract (conservativly) between all carriers. Say he got an average of 1.25% return (conservativly) on his mailers at $425/1,000. At that return he would need to mail 1,200 to get 15 lead cards. That would be a weekly cost of $510 to get the 15 leads.
EFES at 90%= $3,150/week minus $240 (lead cost)= 2,910/week
Independent at 110% conservatively= 3,850/week minus $510 (lead cost)=$3,340/week
That's a $430/week difference, not huge but adds up throughout a year (50 weeks, take 2 off vacation) $430x50= $21,500/year difference. I'm sure I'm not exactly right with EFES's commission % as I've never worked with them, but I bet I'm close.
I'd say you are dead on
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Except, if hes doing 3500AP/wk then he most likely wont be offered 90%, more like 95 - 105%.....vs 110-120% Indy!
But, its also my opinion that if hes doing that, he DOESNT need EFES....I was just pointing out your #'s are most likely off what he'd actaully be offered.
You're likely right that he'd get higher than 90% w/EFES doing those numbers. It's all relative though, as he'd get 120+ (w/proof of production) indy leaving the same 20+% spread. I'm not knocking EFES, just put together the #'s as an example.
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