Real Income...for Newbies

[jody108]

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

don't stroke him too much ...

Ha!

there is a lot of money in insurance, you just have to do it right ... i think med sup, fe is a good place to start but you must have higher goals ...

see what the rich guys are selling and you will know what i mean.

 

[mszlazak]

don't stroke him too much ...

Ha!

there is a lot of money in insurance, you just have to do it right ... i think med sup, fe is a good place to start but you must have higher goals ...

see what the rich guys are selling and you will know what i mean.

Please expand on these higher goals? Are you referring to selling annuities, commercial or industrial insurance. I'm "before new" so I would appreciate the help.

Also, aren't annuities sold by financial services companies like Morgan Stanley Smith Barney, etc. Wouldn't people think to associate with these firms first over insurance companies for this type of product?

Thanks again.

 

[Getzer928]

as a newbie, whose made a little money in this career (selling med supps only so far) its nice to hear that there are wealthy people doing this out there. I plan on being one of them. What are the "rich/successfull" agents selling?

 

[bluemarlin08]

I know several guys that make well over a million, some of these guys I met in the 80's and were doing those numbers then..

 

[VaDwayne]

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

I have only been in the business since March. Making millions of dollars is not my goal. I want to earn a good living, be available when my wife and children need me, do lots more work in my church, and not work 60-70 hours a week anymore. I did that for 20 years in the car business and the rest of my life is going to geared for me to enjoy the rest of my life.

If I can make $ 75000.00, of course the more the merrier( my wife has a great job too), and work 40 hours a week, go to UVA sporting events when I want, go camping on weekends if I want, or just do whatever I want, when I want, I am happy. I also don't want to sell a product just for the commission. I know all other insurance products pay more than med. supps., but I absolutely love sitting at peoples dining tables, drinking coffee, and talking to senior citizens. I also sell commercial insurance part-time during the week. I can not tell you how much more I am enjoying my life since I got into this business.

Sell what you enjoy selling, and it will never be work!

 

[hockeyday]

I'm like you Dwayne, if you doing this to make Millions your in the wrong bis, 2 health deals a week and a Few med sups and life is golden, If i want to take off to boston to see my oldest son play hockey I go, weekends and nights our my family time, its not the money its the life style for me

 

[Frank Stastny]

My personal goal is to be over $100,000 by 2012.

If you keep going at your current pace you should achieve that long before the end of 2011. You are one of the hardest working agents I personally know.

If you do stay in contact with your new clients you will carry at least 90+ percent of them into year two and begin building your renewals. It takes so much less time to keep an existing client than it does to go out and find a new one.

 

[DS4]

I still remember my early years(late 70's) quite well. Living off borrowed money, cash advances, etc. Several times I had thought I had made the wrong career choice. Sometime in the mid 80's I finally paid off by debt. It's been heaven since.
My advice to new agents is this. You can't clear a piece of ground, plant an orchard and expect a bumper crop in 6 months!

 

[ticker_shuffle]

I am sure it will be obvious once someone tells me, but I can not figure out what is meant by FE?
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I still remember my early years(late 70's) quite well. Living off borrowed money, cash advances, etc. Several times I had thought I had made the wrong career choice. Sometime in the mid 80's I finally paid off by debt. It's been heaven since.
My advice to new agents is this. You can't clear a piece of ground, plant an orchard and expect a bumper crop in 6 months!

Encouraging words. After deciding to go independent instead of captive, I have settled into a slow growth strategy. One client at a time until things work out for decent income.

 

[arnguy]

FE=Final Expense (a/k/a Burial Insurance).