Will someone PLEASE shoot me straight

[billyb]

The lawyer who is pushing this lawsuit says that we will get a settlement. He thinks they will offer a buy back, but I am not expecting that because I have drove this thing for years with little expense so it is hard for me to complain. I do have transmission problems and I just ignore it and go. It shudders, reminds me of a dog that gets out of a lake after retrieving a stick and then shaking vigorously to get all of the water off of their body. It also can't make up its mind which gear to shift into if you go up an incline. If I could pick it up by the bumper I bet I could hold it in place and it wouldn't even spin the front tires. It gets me there and back so that is all that I care about. If I do eventually get something from Ford I will probably take it and buy another one just like it.

 

[HoosierLife]

Sounds like Family First Life to me. Better check that commission grid haha. 80% is only for MoO TLE and Americo HMS 125. Even your Eagle contract is at 70-75. Every other FE carrier is actually 15-25% lower than 80%.

 

[LostDollar]

I wish I was this smart.

Tomorrow is the first of a new month. You can start a new life plan and have a month to practice it before you get to the following month and get to focus on the new PDP prices!

 

[Chazm]

Tomorrow is the first of a new month. You can start a new life plan and have a month to practice it before you get to the following month and get to focus on the new PDP prices!

You mean sell my truck and buy an old used car??
Like I said, I'm not that smart

 

[billyb]

I bought a new Ford F150 Supercrew Lariat 4WD in 2004 and after getting less than 15mpg I soon realized it was too expensive to drive every day. I use it for fishing and hunting trips and it has less that 100,000 miles on it. Just took it to VA to see my daughter in med school and it drove like a new one.

 

[myinsurebiz]

hey all- I'm just about to start up as an independent agent with an IMO. I'm starting with almost all final expense- mostly fresh exclusive Facebook leads at $15/piece. My IMO starts us at 80%. I will also be branching into Annuities, IULs, and mortgage protection but at the beginning it'll be all FEX. I'm going to put in as much effort as humanly possible- dial Monday's and Thursday's, door knock hang ups and everything else I wasn't able to set during the week every weekend, etc. But I'm having a really hard time getting anyone to give me some idea of an average or ballpark ROI. Can I expect to at least break even given that I've been studying like a mad man? Should I expect to absolutely need to have another job to avoid breaking the bank while trying to get off the ground? I have no clue what is realistic and it's driving me nuts. I don't know many people in my IMO personally and it seems inappropriate to post such a thing on their FB page. Thanks!

$15 for a hot, fresh FB Lead is a great price. If you get 10 - you should close at least 2 policies.

80% Commission is kinda low unless you are really new and need lot's of training and hand holding. Just make sure you can bump it up when you are trained and producing.

 

[mudhound]

I bought a new Ford F150 Supercrew Lariat 4WD in 2004 and after getting less than 15mpg I soon realized it was too expensive to drive every day. I use it for fishing and hunting trips and it has less that 100,000 miles on it. Just took it to VA to see my daughter in med school and it drove like a new one.

I do that with my Nissan Titan. About 14 MPG.
2011 with around 30K on it

 

[jakecreeves]

Personally, if you're getting the proper training, resources, and leads fed to you, you should be able to make that contract work. As long as you have a timeline for the Commissions Grid. But everything depends on what you're getting!

 

[DonP]

Problem with that 80% contract is the renewals are 2-3% instead of 5-8%. If your writing big business thats huge in future years. In a few yrs the difference could pay all your lead costs

 

[DayTimer]

But everything depends on what you're getting!

I'd rather pay $400 for my leads and get paid 125% than "only" pay $300 for the same leads and get paid 80% ...

$3000 AP * 125% = $3750 commission *75% advance = $2812.50 Gross- $400 lead cost = $2412.50 net/week

$3000 AP * 80% = $2400 commission * 75% advance = $1800 gross - $300 lead cost = $1500net/week

Even a 100% contract

$3000 AP = $3000 commission * 75% advance = $2250 gross - $400 lead cost = $1850net/week

So compared to an 100% contract, the $15 lead/80% agent is actually paying $32.50/Facebook lead.

Compared to the 125% contract an experienced agent can get, those FB leads are costing the 80% agent ... $62.63/lead

Either join an IMO that starts you at 100% or more with a path to 110-125%, or go sell cars, imo. I would stop my contracting in its tracks right now, and I'd speak with one of the forum IMO's and get started right from jump street. Reach out to @SPUR CITY or @Jose Arteaga or @HoosierLife or @Rearden or @Agentguy5 ... Just do it!