- 19,026
That wasn't an offer. I don't recruit. It was advice. But you won't listen so I'll stop wasting my time.
One Life America Final Expense
- Thread starter ScottB
- Start date
That wasn't an offer. I don't recruit. It was advice. But you won't listen so I'll stop wasting my time.
- 29,507
That quote reminds me of Obi. How did that go..."60% of nothing is better than 120% of something". I know I didn't get that right. He was trying to explain how 60% is better than 120%. LOL
- 19,026
That's the ole LH kool aid. I thinks it's "120% of 0 is 0". It seems to imply that 80% of 0 is not 0. Them recruiters have some fuzzy math.
In the getting started forum he's now touting some desk jockey as a sales trainer.
- 29,507
That's the ole LH kool aid. I thinks it's "120% of 0 is 0". It seems to imply that 80% of 0 is not 0. Them recruiters have some fuzzy math.
In the getting started forum he's now touting some desk jockey as a sales trainer.
Yeah, I saw that. I think the guy was from UHC. The Million Dollar Man's kid's a V.P. there. I guess he learned how to sell FE while in the WWE.
- 5,243
Haven't got past this post...hilarious. FTR...you haven't started 50 businesses...you tried to turn dreams into businesses and got lucky with...erm...3???? Doubtful. Once you attain success you know what it takes to maintain it.
You are a clown and nothing more...but hey...it makes for a good read
Here's where your math is lacking when it comes to chargebacks. Let's put you on a 100% contract level for illustrations purposes. Your agents are on 50%.
You get paid 50% overwrite and that's great, but when one of your agent's roll debt to you you're paying back the full 100%. That same formula works whether you're on an 80%, 100%, or 120%. In other words, you've just made $0 on that sale and shelled out the extra 50% out of your pocket.
When it comes to chargebacks, it doesn't matter what level you or your agent is on, see? So being on a lower contract just means you're making less in the long run off of what does stick. It's not a justification that you won't have much debt rolled to you.
- 6,142
He also is not taking into account how much cheaper independent agents can get policies on the client for. We have access to all companies, not just the ones that pay the IMO the most.
For example...70/male/tobacco wanting 10k.
I will get him covered for 78.45 and he will have to write him AmAm (the cheapest in his lineup for this guy) for 98.31.
- 5,949
I understand how they work - heck, I paid quite a bit for my lesson on Chargebacks . . . But thanks Todd . . .
My point was - my downline will be mostly at 50% - so, when they leave debt - I'll only have to pay back 50% instead of 110% or greater. My override as well - but, that is basically a wash . . .
100% of nothing is nothing, but 60% - 75% of something is something . . . That's the idea anyway . . .
- 8,707
What are the chances your agents on 50% contracts will run into problems and end up rolling up more debt than an agent on a higher contract.
- 5,949
Anything is possible.
We have some folks that quality control all apps. We should be able to weed out most issues. My team only gets paid after 1st payment with a 6 month advance in their initial 6 months.
I've decided to not recruit for awhile though. I'll cross that bridge when I come to it.
