- 2,103
I got to thinking about it later and I think wino was talking about working at a big box store and getting $300 a week, and yes, that's pretty darn close.
% FE Agents Making 6 Figures
- Thread starter cjd
- Start date
- 26,178
There may have been. I do not remember.
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Home,
I don't think big box stores were paying the equivalent of $800 a week in "85. More like $150 which is more like $400 today.
Now,.. on to more important matters. Wino, tell me about these girls fresh out of college in "85....remember the song.."This is the 80's and I'm down with the ladies".....lol
Mustfastpitch,
From now on when I go and look at houses to buy I'm going to be thinking of what you said.....my sniffer will be going....
- 2,103
Home,
I don't think big box stores were paying the equivalent of $800 a week in "85. More like $150 which is more like $400 today.
Now,.. on to more important matters. Wino, tell me about these girls fresh out of college in "85....remember the song.."This is the 80's and I'm down with the ladies".....lol
Mustfastpitch,
From now on when I go and look at houses to buy I'm going to be thinking of what you said.....my sniffer will be going....
No, not in 1985, I mean right now in 2013!! That's about what they pay right now. In 1985 I was making about $3.35 an hour.
They pay about $300 a week now, at the big box stores. I should know, I have some experience in this matter. Not going into details.
OK, let's go back to 1986 when I started. I see that wino brought up 1985. Yes, he is right, he and I started at about the same time. I started in 1986, but not with John Hancock, like he did. But I have some John Hancock stories. And stories about Combined.
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Industry-wide (not just FE) the best-paid 10% made an average of $115,300 according to Bureau of Labor Statistics.
"According to the BLS, the mean annual salary for insurance agents was $47,450 in 2011. The best-paid 10 percent made an average of $115,300, while the lowest-paid 10 percent were paid $25,910, on average. The highest salaries were paid by outpatient care centers, securities and commodities firms, and insurance and employee benefit funds. The highest-paid insurance agents worked in the metropolitan areas of Bloomington, Ill., St. Joseph, Mo., and El Centro, Calif."
Generally to clear 6 figures one would have to write $2000 in AP per week or about 4 apps. I doubt most FE agents do that week-in week-out.
More likely is a good week, golf and fish next week, think about working the following week, and finally go back and write more business. So maybe every 3 or 4 weeks they write $2000 ?
"According to the BLS, the mean annual salary for insurance agents was $47,450 in 2011. The best-paid 10 percent made an average of $115,300, while the lowest-paid 10 percent were paid $25,910, on average. The highest salaries were paid by outpatient care centers, securities and commodities firms, and insurance and employee benefit funds. The highest-paid insurance agents worked in the metropolitan areas of Bloomington, Ill., St. Joseph, Mo., and El Centro, Calif."
Generally to clear 6 figures one would have to write $2000 in AP per week or about 4 apps. I doubt most FE agents do that week-in week-out.
More likely is a good week, golf and fish next week, think about working the following week, and finally go back and write more business. So maybe every 3 or 4 weeks they write $2000 ?
Too funny. This is almost exactly my deal. The year was 1984 except Pru was paying me 400/wk. I took the job as a temporary gig until I decided not to go back to law school and see if I could find something better. Nearly 30 years later and I'm still looking for something better.
- 26,178
Too funny. This is almost exactly my deal. The year was 1984 except Pru was paying me 400/wk. I took the job as a temporary gig until I decided not to go back to law school and see if I could find something better. Nearly 30 years later and I'm still looking for something better.
I made convention my first full year when I figured out how to improve my best bar closing ratio. I would book appointments till about 10pm. By then all the suits had spent all their money on the ladies and where shite faced. I roll in fresh
This was in the Bay Area. A very target rich environment.
I made convention my first full year when I figured out how to improve my best bar closing ratio. I would book appointments till about 10pm. By then all the suits had spent all their money on the ladies and where shite faced. I roll in fresh
I have many stories along these lines. My first sales manger was able to relate prospecting, selling and closing to me in terms of picking the right bars and cruising for chicks. If you spoke with enough women with the right timing, good things happen. A signed app and check was the equivalent to a conjugal payday
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i would agree with JD
if you do this long enough the renewals will help you get to this six figures as long as you are consistent with writing good business
i had an agent once, now retired, who sold strictly FE for 37 years and was a top agent and every January 1st he knew he was already making 140K just in renewals....
can be a very good renewal business as long as your battery doesn't get burnt out which happens more often than not
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toby the reason why i think JD thinks this is if someone has the staying power for three years full time then they will actually make it... we aren't talking part time here we are talking someone that makes 10-15 presentations every week
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- 2,103
I have many stories along these lines. My first sales manger was able to relate prospecting, selling and closing to me in terms of picking the right bars and cruising for chicks. If you spoke with enough women with the right timing, good things happen. A signed app and check was the equivalent to a conjugal payday
This is exactly how a manager was acting recently around me, not just happening in the 1980's, it's going on now! It was fun when I was in my 20's, but not now. I told him to go jump in a lake. He did not like that. hee hee
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