Hello everyone. I've been reading on this forum for a while now and have benefited from the insights of all of the current agents out there. Thanks so much.
Currently I'm an engineer at a small engineering firm. I'm 28 years old and I would like to start selling insurance on the side for some extra money (plus I miss the sales side of business). I have been in contact with a local insurance agency (Independent agency) that offered me straight commission (80% auto, 90% commercial). They will pay for E&O. I take my P&C test Friday.
I'm trying to set some goals for myself, but I don't want to be unrealistic. Here are some questions I have.
1. Since I have a day job (7:30 AM - 4:00 PM) and can't take calls during those times, how do agents in my position handle customer support? Can I just have them call the main office? Is this reasonable?
2. I plan on working anywhere between 10-20 hrs a week. After reading on here I realize how hard some of you work at selling. Is it reasonable to have a goal of $15k a year working those hours?
3. By calculating my commissions, I would roughly have to sell 8-10 auto policies per month (depending on what the company receives). $1,000 premium x 15% (agency) x 80% (me) = $120/policy. Is this reasonable? How many policies ballpark do you guys sell a month and how many hours (I realize this may be a bit more info than you want to give so it's ok if you don't want to answer).
4. I just finished getting my MBA and I love finance and economics. Do any of you moonlight in the financial services industry? How do you like it?
Sorry for the long post. Thanks so much in advance to all who answer!
Currently I'm an engineer at a small engineering firm. I'm 28 years old and I would like to start selling insurance on the side for some extra money (plus I miss the sales side of business). I have been in contact with a local insurance agency (Independent agency) that offered me straight commission (80% auto, 90% commercial). They will pay for E&O. I take my P&C test Friday.
I'm trying to set some goals for myself, but I don't want to be unrealistic. Here are some questions I have.
1. Since I have a day job (7:30 AM - 4:00 PM) and can't take calls during those times, how do agents in my position handle customer support? Can I just have them call the main office? Is this reasonable?
2. I plan on working anywhere between 10-20 hrs a week. After reading on here I realize how hard some of you work at selling. Is it reasonable to have a goal of $15k a year working those hours?
3. By calculating my commissions, I would roughly have to sell 8-10 auto policies per month (depending on what the company receives). $1,000 premium x 15% (agency) x 80% (me) = $120/policy. Is this reasonable? How many policies ballpark do you guys sell a month and how many hours (I realize this may be a bit more info than you want to give so it's ok if you don't want to answer).
4. I just finished getting my MBA and I love finance and economics. Do any of you moonlight in the financial services industry? How do you like it?
Sorry for the long post. Thanks so much in advance to all who answer!