Looking to start independent agency

Jun 28, 2019

  1. Kevin Schulthies
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    Kevin Schulthies New Member

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    I am looking to open my own independent agency from scratch. I do know it is not easy but nothing in life is easy and it will be worth it all at the end. I know there are a ton of clusters and aggregators out there and I am looking to do this with a very small overhead. Any suggestions of anyone better than the other?
    Thank you
     
  2. TXAgent1
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    TXAgent1 New Member

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    I joined Goosehead. It’s worked well for me. Just hit year 3 and I’m writing around 150k in premium a mo I only had $10k in the bank to start. I enjoy gh because I don’t have to service and I was able to build a steady income in 6 mo. Now I’m hiring. Which is awhile other animal. My 2 guys are straight commission and zero overhead.
     
  3. Dreamiekid
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    Dreamiekid Expert

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    What’s the buy in cost? And don’t they take 50% commissions?
     
  4. Dreamiekid
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    Dreamiekid Expert

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    It’s doable if you want to get direct appointments. Or go through a cluster or MGA.

    If you get direct appointments, the toughest part is getting your own leads. But look around here there are very nice guides that you can read.
     
  5. shawnmwalker
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    shawnmwalker Guru

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    Do it Kevin. Work had for 5 years and the rest is history!
     
  6. Kevin Schulthies
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    Kevin Schulthies New Member

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    It is happening. Do you know any clusters or anything to join in NJ? That’s where I am at now. I know direct is the way to go but I don’t have that option currently.
     
  7. shawnmwalker
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    shawnmwalker Guru

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    Many good, Better, and BEST ones. Do your homework. If I have time, I would love to chat and help point you some good directions.....
     
  8. Kevin Schulthies
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    Kevin Schulthies New Member

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    We can chat through a messenger if you would like
     
  9. TXAgent1
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    TXAgent1 New Member

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    Not sure. Varies by state. And yes they take 50% of your renewals. My retention is doing really well and we’re writing a ton of premium.
     
  10. Dreamiekid
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    Dreamiekid Expert

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    Do they give you leads as well? Or it’s up to you to find them.
     
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