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oh now its making more sense to me. Without going back looking for JDs post I thought he had suggested writing 100K, not netting 100K----suspect I read it wrong.
Legitimate DM and TM Lead Companies?
- Thread starter FNIGuru
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oh now its making more sense to me. Without going back looking for JDs post I thought he had suggested writing 100K, not netting 100K----suspect I read it wrong.
If one buys 30 leads a week and is the worst saleman on earth and closes 13% only that's $100k gross. I just said probably less that 1 out of 100 insurance agents nationwide net $100k. I'd bet its 1 out of 200. How many gross $100k I have no idea.Its what you bank not what you gross.
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It's not legal in his state.
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totally agree gross means nothing. Still even net I'm blown away by the 1 out of 200 guestimate especially given renewal $$$. Then we have to qualify it further as agent being active , not just having an insurance license and they dropping out. Suspect you basing on the later which would be a distortion to make it look much worse than it is.
Gross is important in many ways. If you are making gross income then you can adjust your expenses to improve your net earnings.
In the FE arena it can be used to get higher contracts as stated by his "Lordship Peteybear"
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Gross is important in many ways. If you are making gross income then you can adjust your expenses to improve your net earnings.
In the FE arena it can be used to get higher contracts as stated by his "Lordship Peteybear"
that one has me rolling with water coming from the eyes---the Bear certainly has opened himself up---and that's a very good point for sure. Higher gross may not directly correlate to higher net ( but can) but can indirectly have impact as you said with perhaps higher contract availability.
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Not to state the obvious here, but if you gross $50,000 one year and you gross $100,000 the next year and then you gross $200,000 the following year, i'm going to step out on a limb here and say that you probably net more each consecutive year.
That would mean that more money goes into your bank account. That's why the number we all look at his annual premium.
Yes, we all understand that some people might have higher costs associated with their gross and net income. But I would imagine if we compare two agents both grossing $200,000 their net income would be fairly close. In less of course, one is using an appointment setter and one is not. And in that case one agent is spending more time working then the other agent.
That would mean that more money goes into your bank account. That's why the number we all look at his annual premium.
Yes, we all understand that some people might have higher costs associated with their gross and net income. But I would imagine if we compare two agents both grossing $200,000 their net income would be fairly close. In less of course, one is using an appointment setter and one is not. And in that case one agent is spending more time working then the other agent.
By net I mean what's in your account at yrs end. Not I write off 57.5 cent a mile or I write off personal meals. I'm not talking about what you report as net on your tax return after bs right offs. I'm talking net deposits after all real costs like leads, gas,car maintanance,office exps and chargebacks before taxes.Obviously there's tons of ways to reduce your net taxable income reported to the irs.Im also talking first yr commissions and not renewals. In the end all that matters is what you deposit yourself.
What would that prove?.. A lot of gay men have a wife..Some are even female
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Don't think you have to worry about where he lives.. He is not going to come out of the shadows to meet you. Am starting to believe he is all hat and no cows as he has never been able to back up anything he has to say.
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What would that prove?.. A lot of gay men have a wife..Some are even female
You know, we're all assuming that Petey is a guy. I guess we'll never know
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