- 9,744
That's not "return on investment" though...
Insureme - another dirty trick
- Thread starter schealthagent
- Start date
That's not "return on investment" though...
- 14,808
Well at $80 per sale it's safe to say I make more than $80 in commish per sale.
- 9,744
So you post you're getting a "great ROI", but you don't know what it is?
- 14,808
I just know my average case which is $4,100 - easy math from there.
- 9,744
Never had "Probability and Statistics" my good man?
An "average" is universally made up of a few big ones, and a lot of small ones. It can be misleading.
You might want to track "most frequent" size - it may open up your eyes a little.
So, truth be told, you don't have sufficient data to make a statement like "I'm getting great ROI" - "averages" aren't enough!
- 14,808
.....take all of my cases and do the math = average of $4,100 per case.
I did take stats in college....years ago.
I did take stats in college....years ago.
- 9,744
Ok, now we're gettin' somewhere! Be patient with me, it's been a long time for me too...
Were all of your cases generated by leads from leads4agents? Didn't think so.
In order to make a statement such as I'm "getting a great ROI" with any degree of accuracy, divide the total first year commission generated from that particular lead source, by the dollars spent on leads from that particular lead source.
Example:
$25,000 (first year commissions) divided by $5,000 (spent on leads). Result = 5.
Ratio is 5:1. You got back 5 dollars in commission for every 1 dollar spent on leads.
Whew, I'm tired...
- 14,808
man that's a lot of work. Almost off to an Irish pub for what I hope will be REAL fish and chips. Wish me luck.
- 9,744
I'm jealous. Can taste the fish and chips.
It's not that much work if you set it up in Excel - once you've got it in there - it's easy.
Have a pint for me.
- 14,808
