Selling term life for big .com?

[HomeService]

I have been one to advocate face to face appointments... but... I got a pretty cool offer from one of these big .coms.
....costs a lot to start up.... I am not comfortable going indy on my own... not comfortable with health... sounds like something I could try, maybe...exclusive leads...thoughts?

 

[Mark]

I have been one to advocate face to face appointments... but... I got a pretty cool offer from one of these big .coms.
....costs a lot to start up.... I am not comfortable going indy on my own... not comfortable with health... sounds like something I could try, maybe...exclusive leads...thoughts?

Give us some more details like how much they want and which .com. We need more details.

 

[The Rabbi]

Working for other people is, is, is,. I can't think of a bad enough term.

There is nothing like jumping in and swim or sink. Either you have what it takes or you don't. Go build YOURSELF an agency, not for some one else.

 

[joshril]

Is it insure.com's agent opportunity? The talked with me and I think it was $500 to get started. The commissions were around 70% and they provided somewhere around 50 leads per month.

If the lead quality is good, this could be a good deal. I think to keep getting leads, they required a reasonable amount of production. It seemed like a crappy deal to me, as I have MUCH more lucrative commission contracts, but you may be looking at another alternative.

With the commission cut and not knowing the lead quality, I was also hesitant to give them $500 to get started...

 

[bluemarlin08]

If you have the time to work the leads, 500 isn't too much of an investment to get 50 leads a month. The question is what is the quality of the leads, sure you can get a bigger commission, but if the leads are good, and you have the time I would try it. Good leads that can be worked by phone might be a great return on investment.

 

[joshril]

If you have the time to work the leads, 500 isn't too much of an investment to get 50 leads a month. The question is what is the quality of the leads, sure you can get a bigger commission, but if the leads are good, and you have the time I would try it. Good leads that can be worked by phone might be a great return on investment.

The big "what-if" is the lead quality... I think to continue getting the leads they require a pretty high closing ratio.

 

[HomeService]

yep, joshril guessed correctly. I thought it was a lot $$ to start up.
oh, and the closing ratios and stuff, seemed like a lot of demands-there.....

 

[somarco]

$500 to get started. The commissions were around 70% and they provided somewhere around 50 leads per month.

Life leads are typically $15+ so that's like spotting you 30 leads or so. Not bad, even at 70% . . . if you can write enough to make it work.

require a pretty high closing ratio.

What's high?

20%?

30%?

50%?

exclusive leads

I'm sorry, and I know this will offend some, but exclusive leads?

Get real.

Not from the internet.

 

[Todd King]

HomeService,
If you're really interested in something like that there is another way I think you will be impressed with. The system is unsurpassed, I've never seen anything like it. Too much to explain here so just give me a call and I'll get you all the info you can stand.

 

[joshril]

Life leads are typically $15+ so that's like spotting you 30 leads or so. Not bad, even at 70% . . . if you can write enough to make it work.



What's high?

20%?

30%?

50%?



I'm sorry, and I know this will offend some, but exclusive leads?

Get real.

Not from the internet.

I've bought life leads for $12/lead in the past and I don't think I sold one... Term life leads are HUGE tire kickers... I think they want a 20% closing ratio or something, but Home might be able to tell us better since he's recently talked with them...

I passed because I felt I would not be able to sustain the production required to keep the program going (And... it was a lot of paperwork and they required an interview process... too much BS for me). Once again, the variable is the lead quality.