High Commission or More Companies?

[wow314]

I have an option to write for 1 company and get paid 10% more on first year commissions the first 3 years or I have an option to take normal commissions and write for anyone that will appoint me.

What is the best option?

 

[notfonzy]

Who's the one company? That's a pretty important factor?

 

[Sales71]

I have an option to write for 1 company and get paid 10% more on first year commissions the first 3 years or I have an option to take normal commissions and write for anyone that will appoint me.

What is the best option?

Wow31456789 you said you were going IA next year. Make up your mind!

 

[dorado]

I would rather have different choices...

 

[jamesshiver]

The company you are considering is a huge factor. Unless you are truly committed to this company and their products, I would recommend offering options to your clients. Produce enough business and you can request more than that 10% increase from any company you want.

 

[Frank Stastny]

The one thing that will make you successful in this business is writing applications, not how much commission you are making.

Agents who only focus on commissions are usually running behind and trying to catch up to those who set out every day to just write apps.

 

[somarco]

Focus on doing what is truly best for your clients . . . the money will follow.

 

[Mark]

I have an option to write for 1 company and get paid 10% more on first year commissions the first 3 years or I have an option to take normal commissions and write for anyone that will appoint me.

What is the best option?

What percent do you think is 10% higher?


It is kind of like working as a car salesman.

You can work for Ford and when someone asks you to show them a sportscar, you can only show them 1 type of car that ford makes. Mustang!

You can work at Carmax and when people ask you to see a sportscar you can show them at least 20 different kinds of sportscar.


Most agents on here work for more than just 1 company. This helps to also ensure that you find them the best deal and lower prices.

 

[Larry Tew]

It depends on what company you're talking about and what market you're working. The notion of independence is sometimes overstated. Many agents who are independent still concentrate 90% or more of their business with their primary company and do not shop every case across several companies.

To me, independence is more about the ABILITY to use the company of my choice and less aboiut the number of companies appointed with. My philosophy serves me well because the couple of companies I regularly use are a near-perfect fit with my market and planning system.

Also, I wholeheartedly agree that commission percentage is the least of your concern on this.

 

[wow314]

I am going IA in Jan. The company that has offered 10% bonus on Home, Auto, and Business first 3 years if a strong company but very conservative.
They will only let me appoint with Progressive and GMAC if I want to get the higher comissions.

The life and annuity side is fair game.