Opening an agency office and getting appointed with carrier

[Eddie_K]

Hi Albert....I've recently tried going the route you did and it didn't work out so great for me. Knowing what I know now, and if I had to do it all over again, I'd take my estimated start up cost and wouldn't open the doors until I had at least double that figure. I'd also look into purchasing a book of business before I opened. I've had so many companies say "no thank you" to me being appointment by them due to not having (at least a small) book of business.

 

[kethri2]

What state are you in Allen. I think you can do it with 20 k. As long as you are ready to hustle and write a lot of business. I got started on 17k in the bank. First year is definitely the toughest but once you get through that it gets better and better.

 

[mattklye]

What state are you in?

I am in CA

I think that you can partner up with the right people and create something bigger and it could be what you need.

 

[AdvisorsIns]

I just started a scratch agency this past march and have all the carrier appointments I need. Look up a local SIAA chapter. They will help you get appointed and give you tons of support. I work from home. I have not had a single client say they would not do business with me because I don't have an office. You will need to save you capital. My monthly expenses are around 650 per month. Located in upstate SC.

 

[afinch]

What were your major challenges from home when you first started? Did you come from a captive company or was this total new prospects?

 

[Gooner]

What were your major challenges from home when you first started? Did you come from a captive company or was this total new prospects?

You know this thread is 2 years old...right? Most of these guys are probably out of business by now. Instead of reviving dead threads, that didn't have much value to add in the first place...just post a new thread and ask the questions you need answered.

I came from a captive P&C based company with limited Life sales. Transitioned into life. In my situation, it's all about the leads. Best decision I've made in 4 years.