Will someone PLEASE shoot me straight

[jakecreeves]

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!

No the math is spot on obviously, me personally I'd rather jump in the lake a learn to swim while I'm out there. No one should be paying for leads on those contracts. Especially not FB, we're talking $4 per for generation.

On 80% if you're getting fat stacks of leads and FB to fill in, hands on training program (where you're brand new to the industry) that's far better than what I've seen a lot of "Top" MGAs offer.

 

[myinsurebiz]

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!

Why go sell cars? Nothing wrong with 80% and $15 Leads if they can write business, learn and grow. Newbies require time. Somebody needs to get paid for their time. Time is not a renewable resource.

 

[myinsurebiz]

No the math is spot on obviously, me personally I'd rather jump in the lake a learn to swim while I'm out there. No one should be paying for leads on those contracts. Especially not FB, we're talking $4 per for generation.

On 80% if you're getting fat stacks of leads and FB to fill in, hands on training program (where you're brand new to the industry) that's far better than what I've seen a lot of "Top" MGAs offer.

Not a chance someone can produce a quality lead for $4 . . .

$8 is our smallest average and most coming in around $10.

 

[Tahoe Ray]

Not a chance someone can produce a quality lead for $4 . . .

$8 is our smallest average and most coming in around $10.

I know agents close to those numbers but they're telesales so can market nationally.

 

[Thedude]

No one on this forum holds your hand like some of the hoorah IMOs they are talking about and I'm assuming you joined. You gotta figure out what type of person you are and stick with it. Ironically almost every big producer on here started at a worse contract level and buying their own leads. You can be successful. These guys will be here with their contracts for eternity ...go with someone who motivates you to sell.

I have no preference on which model is better because I know there are different types of people in the world so if you have questions feel free to ask me.

 

[DayTimer]

Why go sell cars?

If you gotta ask ...

 

[myinsurebiz]

I know agents close to those numbers but they're telesales so can market nationally.

$4 for a FB Lead that mentions Life Insurance and collects contact data?

 

[DayTimer]

$4 for a FB Lead that mentions Life Insurance and collects contact data?

I'd like to get me some of them $4 leads

 

[jakecreeves]

Not a chance someone can produce a quality lead for $4 . . .

$8 is our smallest average and most coming in around $10.

I'd like to get me some of them $4 leads

Well, Selling them... 25$ per... lol.

However 100% we've ran multiple campaigns where the range is 4-7$ Not many have gotten outside the 10+ range.

Landing page? FB forum? Lot takes into play. However I'm sure everyone's aware. Maybe I'm just catching the right areas where people are bored catfishing on FB scrolling.

 

[myinsurebiz]

I'd like to get me some of them $4 leads

Yea - never gonna happen . . .