Cranson
Expert
- 97
Are you sure they are also paying the same for renewal? That seems a little high for new and renewal commission. 50% new and 50% renewal is usually the higher end of straight commissioned P&C producers.
Part Time P&C Work from Home
- Thread starter engineer
- Start date
- Thread starter
- #12
- Thread starter
- #13
Found out today that commissions will be 50 % new 50% renewal.
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Thats great news! I hope to have similar results. I'm struggling to answer a few questions.
1. With your advertising, how do you have them contact you? phone? email? In my situation I can't answer calls while at my dayjob. Is it ok to have them leave voicemails? Will they leave voicemails or will I just lose the sale?
2. How do you handle the support end? e.g. someone has a claim. Do they call you or does the company you work for handle that?
3. When you make a sale do you close face to face or fax/email the forms and have them mail them?
Thanks again!
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Thats great news! I hope to have similar results. I'm struggling to answer a few questions.
1. With your advertising, how do you have them contact you? phone? email? In my situation I can't answer calls while at my dayjob. Is it ok to have them leave voicemails? Will they leave voicemails or will I just lose the sale?
2. How do you handle the support end? e.g. someone has a claim. Do they call you or does the company you work for handle that?
3. When you make a sale do you close face to face or fax/email the forms and have them mail them?
Thanks again!
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contact me if you want to test other independent agency's [email protected]
That sounds like a great compensation package. You've got a good thing there.
I was thinking of doing some engineering after work and on the weekends. Is it more lucrative to charge by the hour or the project?
I was thinking of doing some engineering after work and on the weekends. Is it more lucrative to charge by the hour or the project?
SeaDeezKnots
Expert
I have them contact me by phone or email initially. It's hard to say how many do or do not leave voicemails, but my 9 to 5 requires me to answer the calls so I don't miss many to begin with. If they leave a voicemail, you are opening the door to them contacting other agents and implicit in the missed call is that you're unavailable or inattentive.
With the latitude my job provides me, I can make and set appointments as needed and service clients as needed. Support is handled by my sister who works in the office at the agency and the advantage is that she's also an agent who doesn't care to do field sales. I also service accounts but at this time my book is relatively small and doesn't require alot of service at this time. I also made it a point to target business types (mostly construction companies and auto mechanic shops with 5-20 employees) where we have competitive markets at our disposal. I take homeowner's and auto based primarily on referrals and ad responses as they come, but wouldn't say that I seek them out.
I close my sales either face-to-face or by email, fax, etc. Latitude comes into play again because if someone says they are ready to close, I'm usually meeting them as soon as they make time for me. It's about 50/50 on F2F vs. email, fax, etc.
- Thread starter
- #17
That depends. What discipline are you (Civil, Mechanical, Electrical, etc.)?
It also depends on what type of worker you are and the project. Certain projects that are simple and pretty much a step by step process I like to charge per project (because I can estimate my profit with high accuracy). On something that may be new to me or much more complicated I may do an hourly rate.
I have also used a per project price with an hourly rate attached for extras not defined in the initial contract. This is something that happens quite offen. Many times the client won't think of something they need beforehand and will want it included later (they just don't want to pay extra for it).
The last pricing option I've used is an hourly rate with a not to exceed lump sum. Many clients like this because they know the maximum amount they would have to pay. Very helpful for clients on a tight budget. Hope this helped! Let me know if I can help further!
I realize this post is almost a year old...but I'm curious...how did you get started? Did you approach an agent/agency in your area? Do you own the business you write or does the agent you work with? I'd love to start this way-especially since E&O seems a little high in Texas for P&C. Any hints/advice would be appreciated.
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Yes...me too...i'm curious...how is the Engineer doing?
G
Guest
Guest
Are you serious? This thread is almost 2 years old........make sure you wait by the phone for this guy to call you, ok,
