State Farm Team Member Compensation
- Thread starter wwgsrevo
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- compensation
- 9,744
What background and track record of success do you bring to the table to think you could negotiate any of this from a position of strength?
- 11,995
If you're happy with a mediocre job, it's great. You'll probably be able to stay there as long as you like and if you work hard you'll make a more than livable wage. If that isn't enough for you, you probably want to find something else. If that is enough for you, it's a pretty fair deal. There really is no wrong answer.
- 676
With no renewals, this sounds like a 5-9 job really. Good for learning the ropes, then jump ship and start your own agency.
- Thread starter
- #6
- 676
Different compensation really, if I was in your shoes and I plan on staying in the agency, I would cut my salary in half and ask for increase on the commission and 25% renewal with increases later. If my goal is to eventually own my agency, I would ask for the highest upfront and no renewal since I will be leaving in 2 years or so. As Josh said, no right or wrong answer; all depends on you. Figure out what you want and go from there.
I think that is pretty normal for SF. Some Indy's will do better.
- Thread starter
- #9
Sometimes I wonder. why are commissions on auto insurance so low. even for an agent/owner. I sell shoes and I get 9% of the full sale, sell cars and you get 25% of the net profit, and then puny 6-7% on insurance. I would think insurance would have the highest commissions since there are no production or supply costs other than holding money and keeping track of the money, other than that CEO's and all corporate people eat up most of the premium. I wished insurance sales people...the front lines men and women of an insurance company, were compensated generously. Geez this world is kind of messed up. 90% of the premiums are profitable, we sales get 6-7%, 30% goes towards operations costs, then the rest 40+% goes into undeserving peoples pockets who do absolutely nothing but had a family lineage that back dated to the forefathers who created the insurance company, basically rich people back in the early 1900s.
Good gawd man, learn how to have some candor when you are being so insulting.
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