MyLeadWire??

[2001mason]

I just tried calling again to see if anybody would answer, nobody did. The voicemail said, "Thanks for calling myleadwire.net and agents solutions." Does anybody know anything about agent solutions?
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Under the terms section of their website it says this :
[FONT=Arial, Helvetica, sans-serif]e. The Agreement shall be governed by the laws of the Commonwealth of Texas without regard to its choice or law or conflict of laws provisions. All legal actions in connection with the Agreement shall be brought in the state or federal courts located in Dallas, Texas.

Is YAL out of Texas? I am not a lawyer, but I assume they are a Texas based company.
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[TPAAgent]

That's a good question. I get something like that in email or regular mail almost everyday.

Most of the FMO/IMO's get the info from the state's DOI and then just blast out promo stuff.

I did have an agent from this forum sell my info to a website company. I don't know how he got my info to sell it. He never would fess up. I had not done business with him. I thought he got it through this site originally, but Sam insisted that it did not get out that way.

I will give marketers credit on that stuff. They are diligent in getting out their propaganda.

You can buy a list of agents with insurance licenses- much like you can a consumer list.. most recruiting agencies use them.. I did as well when I ran mine 5 years ago-Did a e-mail blast using them..

 

[TDFnCali]

Anyone heard of these folks? I just got a promo email from them.



My Lead Wire - Direct Source Call Center Lead Generation Services==

JD,

Someone called me from the site yesterday, said they returning my email (although I called, not emailed) and was offering leads & a 120%! I got all confused, cause I thought it was just leads, not an IMO....so he said he would email me the info! So far, Ive got nothing....sounds VERRRRYYY Shady to me!

 

[Todd King]

Yeah, they want you to contract with them and THEN you'll get discounted leads from them. The 120% contract he's referring to is with Oxford.

I got this from one of my agents who was doing some research on leads.

 

[BenS]

Yeah, they want you to contract with them and THEN you'll get discounted leads from them. The 120% contract he's referring to is with Oxford.

I got this from one of my agents who was doing some research on leads.

I wonder how he managed to secure such a great deal with Oxford for his agents

 

[Mark]

If anyone can all them directly and get a 120% with Oxford, why is he not offering at least 5% higher to make them not go direct?

 

[2001mason]

Yeah, they want you to contract with them and THEN you'll get discounted leads from them. The 120% contract he's referring to is with Oxford.

I got this from one of my agents who was doing some research on leads.

Todd is correct. The guy told me that he gives you leads at cost and makes money when you sell a policy, overrides I guess. He also said you get exclusive territories and he would not put another agent there. Does this guy think that other people also contracted with Oxford, RNA, Foresters cannot sell there also? I may be new to the FE/insurance game, but even my BS detector went off when I talked to this guy. Seemed to be preying on people who do not know to much.

 

[jdeasy]

Todd is correct. The guy told me that he gives you leads at cost and makes money when you sell a policy, overrides I guess. He also said you get exclusive territories and he would not put another agent there. Does this guy think that other people also contracted with Oxford, RNA, Foresters cannot sell there also? I may be new to the FE/insurance game, but even my BS detector went off when I talked to this guy. Seemed to be preying on people who do not know to much.

If he is providing leads at cost and giving 120% contracts the only bs is how will he stay in business. That's a great deal for the agent. It's not for the IMO.

 

[Biggin]

If he is providing leads at cost and giving 120% contracts the only bs is how will he stay in business. That's a great deal for the agent. It's not for the IMO.

I guess it's all in how you define "cost". If your giving 120% contracts, you might say that "cost" for leads is $500 per thousand. Aint no free lunch. Payday aint always on Friday, but there's ALWAYS a payday. The 2nd kick by a mule is not the mule's fault, etc.

Unless you can "bend" the time/space continuum there's no way to change the fact that the leads cost what they do and the companies pay what they do. You get to work with the difference between the two. You can only get your printing costs so low and you've got no say in the postage rate. Maybe you can work a sweetheart deal and get 145% or 150% commission, but I imagine you have to have crazy production to get that. Which means you have to make all this work on slim to none type of margins for a while to get production up to EFES levels.

Can't see it working for long but bless their heart for trying! This is why Hoosierdaddy says "Ride the horse 'till it dies" and then move on.

 

[jdeasy]

I guess it's all in how you define "cost". If your giving 120% contracts, you might say that "cost" for leads is $500 per thousand. Aint no free lunch. Payday aint always on Friday, but there's ALWAYS a payday. The 2nd kick by a mule is not the mule's fault, etc.

Unless you can "bend" the time/space continuum there's no way to change the fact that the leads cost what they do and the companies pay what they do. You get to work with the difference between the two. You can only get your printing costs so low and you've got no say in the postage rate. Maybe you can work a sweetheart deal and get 145% or 150% commission, but I imagine you have to have crazy production to get that. Which means you have to make all this work on slim to none type of margins for a while to get production up to EFES levels.

Can't see it working for long but bless their heart for trying! This is why Hoosierdaddy says "Ride the horse 'till it dies" and then move on.

Yeah, I should have said at "true" cost. The best you can with mailer leads at a 1% retrun is about $30 true cost per lead. That's if you have your own mailhouse and enough staff to keep handling charges down. Better returns and you have a less costly lead, worse returns and the costs go up.

If he is offering that and 120% contracts it still a great deal for the agent. An agent can get 120% contracts on their own. An agent working by hinslef cannot get $30 mail leads on a 1% return.

That is not a good business model for the IMO. I've had this discussion with people about Securus. They cannot sustain $21 leads and over 100% contracts. They will make money on the top producers, but they can't carry the deadweight indefinately.