How is gas, food and electric rate hikes affecting FE sales?
- Thread starter winchester49
- Start date
- 25,900
Within 2 miles of me this morning.
Gas is between $5.79 to $6.50 cash price. Debit or CC add 20 - 30 cent per gallon.
Many areas in CA are higher few are lower.
Gas is between $5.79 to $6.50 cash price. Debit or CC add 20 - 30 cent per gallon.
Many areas in CA are higher few are lower.
If you don't think there is a Cost of Acquisition to bringing on agents, then you don't understand what an IMO/FMO goes through.
Recruiting, training, retention, replacing those who leave to earn $5 more . . .
I don't know how you do it.
Productive agents either beat you up for more $$$ or leave . . . the lazy ones never leave.
I’ve talked to my fmo 2 times in 4 yrs . I don’t need him . He does zip for me . Why does a experienced fe agent need you Todd except for the highest contracts ?Not being mean just asking . You have no Rgi type fixed cost leads to attract top agents. As far as I know your not giving trips outside the carrier to top agents . Do you have a ding texting system like Boman ? How about morning calls ?You giving 130-135% contacts ? This is a lonely business and I’m in it to maximize profits wether it’s mapd or fe . I have a network of good agents I talk to daily .Seriously your a nice guy Todd . Just like you look to maximize your contracts and perks I do the same . I know a lot of agents are not like that .
CasualT
Expert
- 46
Not too much. Local relationships. Working the book of business. And lay down referrals keep the cost down. Too many agents imho didn't dig wells during the gravy years to weather the bullshit years.
- 25,900
Well Said
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- 1,810
How would you get top contracts without a good FMO ?
How does Bowman’s ding texting system work ?
How does this system benefit someone like J.D. ?
How do morning calls benefit top agents,big hitters ?
If an FMO is offering fixed cost RGI leads and the agent writes business off those leads and puts it through a different agency,does that cause a problem ? Is the agent free to do that ? Good for the relationship?
Free trips from the agency ? How do you know that holds water for every agent ? Agency owner ? Last thing some guys want is to fly off somewhere and hang out with a bunch of agents,some not all.
130% 135% contracts? No FMO is offering agents that up front. That is not street. Those contract levels are available and earned.
The TR King agency is really for agents who are ok with being on their own,might need a little hand holding to get started,don’t need much other than top contracts,an agency owner who answers the phone,returns phone calls promptly,does what needs to be done for independent agents as good as anyone else and is probably one of the most honest in an industry full of layered disingenuous pimps trying to make quick buck.
You answered your own questions . i mentioned some things other Fmo’s do .I really need none of the above . But if Todd’s competing for new agents he’s competing against some of the above .I think to have a serious high vol fe shop you have to connect your traders to a lead source of fixed leads.If your getting Rgi leads most fmo’s want all your business . But i was with one that didn’t really care . Of course you want to put a good portion with them .I don’t get fe leads anymore . I’m running high vol mapd leads and selling 3-5 a week to ones i don’t sell mapd to .I’m reading that return on fe mailers continues to decline . Prices on fixed cost averaging $38-$44 in many areas now .Some fmo’s are subsidizing lead costs. If you were making 30% override wouldn’t you keep your agents costs at $35 to help them stay very profitable and motivated . Even if you subsidized $3-$5 a lead Thats at max $4800 a yr of subsidy . If a guys doing $150k and your override 30% thats $45k . Who wouldn’t spend $4800 to make $45k. With gas approaching $5 a gallon a heavy driver like myself its a big deal . When i sell life i’n using tactics to get higher premiums such as the inflation card .
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