% FE Agents Making 6 Figures

[cjd]

Whats your guess on what percent of FE agents clearing $100,000.00 per year on their own sales prodution?(not agency) My guess is about 5%. Thanks.

 

[jdeasy]

I guess that the 5% is high. Now if the question also included how long they have been selling FE then I would guess that agents selling FE fulltime for over 3 years would be north of 50% banking $100,000 per year.

 

[TDFnCali]

I guess that the 5% is high. Now if the question also included how long they have been selling FE then I would guess that agents selling FE fulltime for over 3 years would be north of 50% banking $100,000 per year.

Even after 3yrs, u think its that high JD, 50%? Really?

Im too new to know, but from the info I gather here....im guessing 20% at best still NETTING 100k.

 

[jdeasy]

Even after 3yrs, u think its that high JD, 50%? Really?

Im too new to know, but from the info I gather here....im guessing 20% at best still NETTING 100k.

Yeah. I think if a person is still selling FE fulltime after 3 years then they must have it figured out by then and that is their career. I can't imagine a person hanging around for that long and not making bank. I said "north of 50%" so I think it's considerably higher than 50%.

No way of knowing for sure but that's my guess.

 

[Josh]

I'd be SHOCKED if it was north of 50%.

In most parts of the country anything north of $50k/year is good money, I'm sure a lot of folks are doing just fine on $75k/year.

20% sounds generous.

 

[HomeService]

It's a trick question because they A: do not stick around in large numbers, high turnover, and, B: get paid advances, so they really did not "earn" their money, and C: are asked to pay real high $$$ for leads, oh, and also D: are asked to pay a fee up front to work there. Go to the local big box store and ask them if you need to submit $250-$300 with your application if you want to work there.

 

[TDFnCali]

It's a trick question because they A: do not stick around in large numbers, high turnover, and, B: get paid advances, so they really did not "earn" their money, and C: are asked to pay real high $$$ for leads, oh, and also D: are asked to pay a fee up front to work there. Go to the local big box store and ask them if you need to submit $250-$300 with your application if you want to work there.

What are you talking about wit "D"???

 

[HomeService]

What are you talking about wit "D"???

Almost every big FE agency I've ever talked with about working for them, { and health insurance agencies for that matter, a few years ago when that was the fad, and mortgage insurance agencies, for that matter} wanted a check for $200 or more or less, before I could represent them. The last one I spoke with, which was a FE agency, a big one, wanted $199. Some of them want $130. It depends. I've heard of them asking for $300. A lot of these guys will tell you they can take it out of your future commissions, so you will never miss it.

My point was this: go to the big box store or auto parts store down the street, and turn in an application to work there. Then ask them, "do I need to write you a check for $200 to begin work?" They will think you are crazy. Yet it is standard practice for some reason in insurance.

 

[jdeasy]

I'd be SHOCKED if it was north of 50%.

In most parts of the country anything north of $50k/year is good money, I'm sure a lot of folks are doing just fine on $75k/year.

20% sounds generous.

I would agre for all FE agents. In fact I would think it's less than 5%. But agents that have been in the FE biz for over 3 years I can't imagine that the number would be that low.

 

[Josh]

I would agre for all FE agents. In fact I would think it's less than 5%. But agents that have been in the FE biz for over 3 years I can't imagine that the number would be that low.

Even at that I disagree.