I robbed Peter to pay Paul for a few years after going independent. It was challenging. But sooooooo rewarding on this side of it.
How do you do it?
- Thread starter Woods26
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I robbed Peter to pay Paul for a few years after going independent. It was challenging. But sooooooo rewarding on this side of it.
newbie2001
Super Genius
- 241
It's an emotional rollercoaster that's for sure. I worked a regular 9-6 for 3 months last summer and boy was that so much easier and less stressful.
And I made almost double what I'm making now.
But I did have to show up to work 5 days a week…
If you have the ability to consistently get in front of people with a need, you'll be fine in the long run. That's the hardest part of the battle. It's not inconceivable that after a few years you can have six figures in renewals depending on how many new clients you can gain each year.
Hang in there and keep putting in the work. If you make sure you take care of your clients and communicate with them regularly, it will pay off in the long run.
There is a line to get in . . . . it seems Hell is filling up rapidly with the MA folks who specialize in churning fish.
newbie2001
Super Genius
- 241
I do...
But like another agent in this thread or in another thread mentioned my CPA is very high anywhere from $300-$600 per client. So it takes me a year to see a return.
Tough living when you feel like the axe is always about to drop on your biz/commissions.
stop listening to the doom and gloomers here on the forum. I been in the business for 13 years and every single year there have been people in the industry screaming Armageddon.
but it never comes.
Things will change for sure. But as long as your plan accordingly, build relationships with your clients, invest wisely and are flexible in your business model you will do just fine.
I do think relationships matter a lot for keeping clients (and lots of other things too - in the medical field physicians that work hard to build relationship are less likely to be sued even if they did commtt malpractice). Mind you I am also new but relationships create loyalty where instead of running off to the next new shiny thing they will call you to ask about that shiny thing rather than using the phone number on TV or brochure they've got their hands on.
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AgentGeneral
Guru
- 492
Not sure OP is around anymore, but I'd definitely not start with FE. Just by nature that would frustrate anyone new to ins sales. Two words should sum that idea up. Charge. Backs. The charge backs would frustrate a newcomer. IMO.
Add that later when a chargeback won't feel like a gut punch.
I hit 4th year now, always part time and over 100k easily. I also worked another job first entire year. And on contigent the 2nd year.
Like renee said, I'm in a small town, f2f, and tell everyone I meet what I do and make myself highly visible in many circles. I'm still part time and work ALL referrals now. Lots of ways to skin a cat. You are in a good postion and at a good time to start considering this as an option to mimimize the wear/stress on your health.
Plus, you'd be able to help many seniors and those on disability medicare navigate what is a very complex maze. Can be rewarding in that way as well as the money.
Last thing I want to say for sure, is go independent. For many reasons, but mainly so you'll own your own book. And make sure youre with an FMO that will help you grow without being a nuisance.
Add that later when a chargeback won't feel like a gut punch.
I hit 4th year now, always part time and over 100k easily. I also worked another job first entire year. And on contigent the 2nd year.
Like renee said, I'm in a small town, f2f, and tell everyone I meet what I do and make myself highly visible in many circles. I'm still part time and work ALL referrals now. Lots of ways to skin a cat. You are in a good postion and at a good time to start considering this as an option to mimimize the wear/stress on your health.
Plus, you'd be able to help many seniors and those on disability medicare navigate what is a very complex maze. Can be rewarding in that way as well as the money.
Last thing I want to say for sure, is go independent. For many reasons, but mainly so you'll own your own book. And make sure youre with an FMO that will help you grow without being a nuisance.
- 26,597
Gold tidbits.
