New to the Business and Could Use Some Suggestions...

[cmullen73]

I am new to the business and have had a few interviews with Modern Woodmen. I like what they have to offer, but the commissions are low, roughly averaging 50%. They offered me a draw of $2000/month against my commissions. I did work for an independent agent a few months back, but he wanted me to invest in some affiliate marketing crap and was selling to very-low income seniors.

At my last interview at Woodmen, they handed me a Project 200 book and asked me to fill it out. I moved here a couple years ago and have been working from home and have no relatives in the area. Basically, I could come up with maybe 50 names, and I have already tried to sell them the first go round.

On the flip-side, I was also offered a job part-time where I would sell some insurance, but I would mostly be mentored for the CFP exam, which is what I would like to do. The commissions are about 80%, which is better, but no draw and I would have to pay for my E&O.

Not sure what to do, any advice? I have a Bachelor's degree in Finance and wish to be an advisor one day, but hate the idea of selling to family and friends.

EDIT: Sorry, I meant month.

 

[YouGotMyMoney]

Are you sure that's $2,000 a week and not $2,000 a month?

 

[BNTRS]

I am new to the business and have had a few interviews with Modern Woodmen. I like what they have to offer, but the commissions are low, roughly averaging 50%. They offered me a draw of $2000/month against my commissions. I did work for an independent agent a few months back, but he wanted me to invest in some affiliate marketing crap and was selling to very-low income seniors.

At my last interview at Woodmen, they handed me a Project 200 book and asked me to fill it out. I moved here a couple years ago and have been working from home and have no relatives in the area. Basically, I could come up with maybe 50 names, and I have already tried to sell them the first go round.

On the flip-side, I was also offered a job part-time where I would sell some insurance, but I would mostly be mentored for the CFP exam, which is what I would like to do. The commissions are about 80%, which is better, but no draw and I would have to pay for my E&O.

Not sure what to do, any advice? I have a Bachelor's degree in Finance and wish to be an advisor one day, but hate the idea of selling to family and friends.

EDIT: Sorry, I meant month.

Find a Prudential office that has lots of orphans--they all seem to in my experience. Suck up big time to the sales manager that hires you and you should be able to secure a high number of these orphans as potential clients. It might be a lot of crap, but it'll be something, you'll get paid--probably--and at the very least they'll throw up a bunch of money for things like the CFP designation. Though I think there are better designtations to spend the time and money on.

It's a tough business when you don't know many people, and not wanting to talk to friends and family members will make it tougher--you are making a high likelihood of failure even higher.

You could also interview at banks and see if someone will higher you as an associate financial advisor or something of the sort. There is a huge difference between what those people do and most of us do, FYI.