Getting Licensed this Month

Discussion in 'General Insurance Agent Discussions' started by kobebryant24, Sep 12, 2017.

  1. kobebryant24
    Offline

    kobebryant24 New Member

    Posts:
    3
    Likes Received:
    0
    want to start out as as independent agent covering MP,FE AND FIXED ANNUITIES

    1-is it better to go with a firm like equita or fx-and purchase your own leads,,or work for agency which promotes team building such as Leazer Group..I think at 70% rate-that maybe too low to start with the cost of repurchasing leads monthly at 35-40 pp

    2-how "exclusive" can the leads you purchased be if several firms offering the same exclusivity/ will clients in the area be unindated with lead cards or door knocks? my OPINION is you can be a very successful agent without the team or mlm component if the vested renewals are there..

    3-understanding this is 1099 commission driven, the residual component long term obviously makes the most sense-so should the focus be on LI?

    UNDERSTOOD-THAT THIS IS A LOADED QUESTION -feedback appreciated-either way-Ive grown another business and sold-so going in eyes wide open ty
     
  2. NSRH
    Offline

    NSRH Guru

    Posts:
    524
    Likes Received:
    7
    State:
    Missouri
    1. Start captive and learn on some elses dime. Make sure to get an upfront release.

    2. No lead is ever exclusive.

    3. The long term money in LI will take years to build up, for most agents, its all about the first year commission.
     
  3. kobebryant24
    Offline

    kobebryant24 New Member

    Posts:
    3
    Likes Received:
    0
    Ty sir. captive limits options .but in agreement on rest. Thanks for responding.
     
  4. Todd King
    Offline

    Todd King Guru

    Posts:
    6,152
    Likes Received:
    53
    State:
    Virginia
    Exactly! I'm not against going captive, but it's not a bad idea if you need the hands on training. With all of the training out there online now, you may want to reconsider going captive.
     
  5. kobebryant24
    Offline

    kobebryant24 New Member

    Posts:
    3
    Likes Received:
    0
    Ty Todd King. Captive limits options to client
     
  6. NSRH
    Offline

    NSRH Guru

    Posts:
    524
    Likes Received:
    7
    State:
    Missouri
    Correct, but as a new agent, thats the least of your worries.
     
  7. souldeux
    Offline

    souldeux Guru

    Posts:
    1,119
    Likes Received:
    6
    State:
    Georgia
    There are a million resources out there for agents wanting to go independent, whether they're new to the industry or have been captive and want a change.

    The only exclusive leads are the ones you generate yourself.
     
  8. WaylonA
    Offline

    WaylonA New Member

    Posts:
    1
    Likes Received:
    0
    I say go independent if you're confident & believe you will be able to thrive! Although having the backing of a solidified team can have numerous benefits, producing independently can be extremely beneficial for you in a number of ways as well.
     
Loading...

Share This Page