Hi all,
Former I guess, indie commercial P&C agent here.
I had a very generous commission split on new business and renewals (50/50),50% book ownership and a stipend for the first year or two while I get on my feet, or at least that was the agreement. I dropped everything I was doing including other business ventures that were making me more money - to pursue this as a full time long term career. with the hope it would pay dividends in the future Unfortunately, My boss / the person who beckoned me for years to join the industry fell ill and no longer has the time to train me and can't justify paying a stipend while I bumble around and figure things out. So he laid me off, gave me a couple weeks stipend and told me good luck.
While working in the industry for the past 5-6 months I have actually learned to really like it. I like working with business owners, I like sales, I like just about all of it. I would like to continue what I was doing including the learning process.
The main problem is that I've called around town and the recruiters I have actually got ahold of are offering complete garbage. I know that I was getting a smoking deal before but they're offering things like 40% new business 20% renewal with NO book ownership. I could possibly see that if it came with a good salary but that really doesn't seem to be the case.
Anyway, tough break. Hard knocks, etc. Oh well, but if I want to be a commercial P&C agent and have almost no capital and still need to survive how would any of you go about it? Can someone point me in the right direction?
Former I guess, indie commercial P&C agent here.
I had a very generous commission split on new business and renewals (50/50),50% book ownership and a stipend for the first year or two while I get on my feet, or at least that was the agreement. I dropped everything I was doing including other business ventures that were making me more money - to pursue this as a full time long term career. with the hope it would pay dividends in the future Unfortunately, My boss / the person who beckoned me for years to join the industry fell ill and no longer has the time to train me and can't justify paying a stipend while I bumble around and figure things out. So he laid me off, gave me a couple weeks stipend and told me good luck.
While working in the industry for the past 5-6 months I have actually learned to really like it. I like working with business owners, I like sales, I like just about all of it. I would like to continue what I was doing including the learning process.
The main problem is that I've called around town and the recruiters I have actually got ahold of are offering complete garbage. I know that I was getting a smoking deal before but they're offering things like 40% new business 20% renewal with NO book ownership. I could possibly see that if it came with a good salary but that really doesn't seem to be the case.
Anyway, tough break. Hard knocks, etc. Oh well, but if I want to be a commercial P&C agent and have almost no capital and still need to survive how would any of you go about it? Can someone point me in the right direction?