Final Expense Expectations & Advise for First Timer?

[Buck_I]

New guy to Final Expense & was curious how to incorporate a system where I can build my business successfully. I have been reading several post on this forum and have noticed there are several FE writers that are very successful....If you were to do it all over again how would you have built the fondation of your business differently and what would you not change that has been working from day one?

I have made the decision to start with 20 leads a week at roughly $400 per week lead cost. with 80% contract with promotion based on production.

of those 20 direct mail pieces I prefer to door knock instead of use the phone (just my personal preference, I understand you can be successful either or)....By maintaining my activity with 10 door knocks a day or 50 per week using a cookie cutter style presentation with roughly 5-6 companies to offer including Guarantee issue what would be a realistic first month, 6 month, first year outcome of net income?

Also how soon would you start recruiting a team? and also should i recruit a team? Pros & Cons

I really believe that a strong foundation right off the bat will help the momentum of my business and make each month easier as i learn the business..

Any advise or tips on some good threads to check out will be very much appreciated as I look forward to participating in this forum.

 

[WinoBlues]

I am not the FE guy to answer your question and I mean no disrespect, However, Whenever I read "new guy" and "how soon should I build a team" my eyes do a 360.

I am sure one of the big dog FE guys will give you better advise. But mine is learn to prospect and sell your prospects before you even type the word team again.

New guy to Final Expense & was curious how to incorporate a system where I can build my business successfully. I have been reading several post on this forum and have noticed there are several FE writers that are very successful....If you were to do it all over again how would you have built the fondation of your business differently and what would you not change that has been working from day one?

I have made the decision to start with 20 leads a week at roughly $400 per week lead cost. with 80% contract with promotion based on production.

of those 20 direct mail pieces I prefer to door knock instead of use the phone (just my personal preference, I understand you can be successful either or)....By maintaining my activity with 10 door knocks a day or 50 per week using a cookie cutter style presentation with roughly 5-6 companies to offer including Guarantee issue what would be a realistic first month, 6 month, first year outcome of net income?

Also how soon would you start recruiting a team? and also should i recruit a team? Pros & Cons

I really believe that a strong foundation right off the bat will help the momentum of my business and make each month easier as i learn the business..

Any advise or tips on some good threads to check out will be very much appreciated as I look forward to participating in this forum.

 

[Buck_I]

I am sure one of the big dog FE guys will give you better advise. But mine is learn to prospect and sell your prospects before you even type the word team again.

Thanks for sparing the sugar coat. These are the things I need to hear.

 

[jdeasy]

Same advice I would give but I would add that he is getting hosed paying $20 for leads and only 80% contracts.

I am not the FE guy to answer your question and I mean no disrespect, However, Whenever I read "new guy" and "how soon should I build a team" my eyes do a 360.

I am sure one of the big dog FE guys will give you better advise. But mine is learn to prospect and sell your prospects before you even type the word team again.

 

[JimmyUt]

New guy to Final Expense & was curious how to incorporate a system where I can build my business successfully. I have been reading several post on this forum and have noticed there are several FE writers that are very successful....If you were to do it all over again how would you have built the fondation of your business differently and what would you not change that has been working from day one?

I have made the decision to start with 20 leads a week at roughly $400 per week lead cost. with 80% contract with promotion based on production.

of those 20 direct mail pieces I prefer to door knock instead of use the phone (just my personal preference, I understand you can be successful either or)....By maintaining my activity with 10 door knocks a day or 50 per week using a cookie cutter style presentation with roughly 5-6 companies to offer including Guarantee issue what would be a realistic first month, 6 month, first year outcome of net income?

Also how soon would you start recruiting a team? and also should i recruit a team? Pros & Cons

I really believe that a strong foundation right off the bat will help the momentum of my business and make each month easier as i learn the business..

Any advise or tips on some good threads to check out will be very much appreciated as I look forward to participating in this forum.

You need to figure this business out before you ever start to build a team. You are doing a disservice not only to yourself, but to them. Plus at an 80% contract, how are you going to give them something that is fair. The majority of the successful folks in this business are making money off their own hard work and not relying on others to pay their bills.

 

[Stephen]

It looks like you are paying retail for your leads while your upline is getting a 40 or 50 point spread.

 

[WinoBlues]

Thanks for sparing the sugar coat. These are the things I need to hear.

I am a crusty old cookie, the sugar coat fell off years ago.

Team building is like farming. But even the early plains farmers had to hunt and kill for food before they started sod busting or when the crops failed. If they never learned to hunt they starved.

Damn, that some good stuff on just coffee.

 

[PittAgent]

It looks like you are paying retail for your leads while your upline is getting a 40 or 50 point spread.

I'd love to pay $20 retail for mailer leads. Any ideas where to find that deal?

 

[JimmyUt]

I'd love to pay $20 retail for mailer leads. Any ideas where to find that deal?

If you will take 80% contracts, I can help you today.

 

[PittAgent]

If you will take 80% contracts, I can help you today.

Hell no he said that's retail price. Retail doesn't include commission cuts!