Real Income...for Newbies

[Rebel-without-a-clue]

OK... Lets start a fun thread.

I know that ALOT of you guys won't post your incomes, so lets do this.

Post the TOP Agent that you know... NOT NAME just true annual income. ALSO, lets keep it on personal production, not a office or agency owner with tons of agents.

The point is to show us newbies that it is possible to make a GOOD living in this......


I'll go first, The top agent I know is a life agent of ten years and should make about $145,000 (already $120,000 with NOV and DEC Checks to come) this year as a CAPTIVE AGENT!

 

[Guest]

The title of the thread got me thinking that the subject was going to be about income that a new agent could make in the first few years....."Real income....for newbies".

A 10 year agent can make $145K and probably lot more than that. This industry has "unlimited income potential" as we all know!

 

[jody108]

Depends on you!

I thought I was doing good and then I talked to a guy yesterday who was selling 4 million a year in life insurance ... and he was telling me about an agent making 10 million a year.

But, realistically, unless you are a harvard graduate or something like that ... where you carry your self like a professional and can handle the responsibility of wealthy people's investment interest, then you are probably like the rest of us.

If you start at the bottom, selling something like Final Expense insurance, you can make $5000 a month easily ....

Several agents pull in $10,000 or more.

It's an easy product to sell ...

In my first month, i sold $15,000 in yearly premiums. It increased after that but that first month, I had no idea what I was doing ...

So imagine if you know what you are doing.

It's fun and easy ... if you try, you will make good money ... if not excellent money. BUT!!! You have to leave your house and do it .... so many guys just don't do it and they give up so easy.

 

[Crabcake Johnny]

I know an agent with a small office and two admin girls. He buys around 100 leads a day and closes around 5 deals a day.

His girls call all the leads in real time, qualify and transfer the interested ones to him. He takes it from there. They also handle all of his follow-up.

He pays both of them $25,000 annual so here's the math:

$50K annual payroll
24K annual office rent
$180,000K annual for leads

1,500 policies submitted X $600 commish = $900,000 for a profit of $646,000.

The irony is he doesn't work that hard since the only time he's on the phone is when his admin transfers someone with high interest. I believe he works in like 5 states.

 

[VaDwayne]

I know an agent with a small office and two admin girls. He buys around 100 leads a day and closes around 5 deals a day.

His girls call all the leads in real time, qualify and transfer the interested ones to him. He takes it from there. They also handle all of his follow-up.

He pays both of them $25,000 annual so here's the math:

$50K annual payroll
24K annual office rent
$180,000K annual for leads

1,500 policies submitted X $600 commish = $900,000 for a profit of $646,000.

The irony is he doesn't work that hard since the only time he's on the phone is when his admin transfers someone with high interest. I believe he works in like 5 states.

My personal goal is to be over $100,000 by 2012. I am well on my way, and without a doubt will be there. I hope to be in the $150,000 range by 2014.

AND ALL OF THIS, AND NO FREAKIN BOSS!!!!!!

Here's the only problem with my equation. I am not planning on working quite as hard in 2012 as I am today. In 2012, I won't be cold-calling up to 8 hours a day anymore. I hope to live off of repeat business and referrals only. Maybe pick up a new person on my own every now and then.

 

[jody108]

That's what I'm talking about ...

Wow!

That's working smart ...

 

[Crabcake Johnny]

One of my mentors, Jesse McDonald, earns a very good six figure income but also doesn't call any of his leads - has an admin girl call, qualify and set phone appointments for him.

 

[rugerdooger]

VaDwayne, You are the man. How long have you been cross selling the med supps and FE?

 

[BNTRS]

I know a few of the top producers at two major insurance companies. They all clear several million a year.

 

[Pangaea]

Most successful insurance person I know makes several mil a year doing group.

I know quite a few others that are doing mid six figures...