Bye Bye Advanced Commissions on Approval with Transamerica

Yeah we can act all high and mighty now after we been in the business for a while, but I remember when I first started out and getting paid on about $3500 in comps from RNA on issue after my first week in the field jumpstarted my career.
 
Yeah we can act all high and mighty now after we been in the business for a while, but I remember when I first started out and getting paid on about $3500 in comps from RNA on issue after my first week in the field jumpstarted my career.

Big difference in how you started in this business and how started in this business...probably why most people fail in this business...just like every other business...they are under capitalized.
 
The reason I started this thread is there's many an agt who has made it past that first month or 2 because of the instant cash flow to offset initial lead costs. Sure if you're well capitalized or after 6-8 months it doesn't matter. Of course if you recruit this is good news as it lessons the chances an agt can screw you quick and hard.But many great agents who have made it couldn't have gotten over than first 90 days without instant cash flow
 
The reason I started this thread is there's many an agt who has made it past that first month or 2 because of the instant cash flow to offset initial lead costs. Sure if you're well capitalized or after 6-8 months it doesn't matter. Of course if you recruit this is good news as it lessons the chances an agt can screw you quick and hard.But many great agents who have made it couldn't have gotten over than first 90 days without instant cash flow

You are so clueless. It doesn't help people that recruit. Companies do not wait til the draft clears to pay the agent. Drafts on 3rd, paid on 4th. If the draft was nsf they won't know for a few days and it'll charge back anyways. The only way it helps uplines is if they wait til it clears before paying the agent.

You sure do spend a lot of time worrying about recruiters, companies, contestable claims, companies going out of business, TA processing 1500 apps per day......you really need a life.
 
Big difference in how you started in this business and how started in this business...probably why most people fail in this business...just like every other business...they are under capitalized.

Why do you think people with the proper capital tend to not get into this business? Why does this business attract people that have little capital? (this is my perception over the years)
 
Why do you think people with the proper capital tend to not get into this business? Why does this business attract people that have little capital? (this is my perception over the years)

IMHO, this business attracts people with little capital because of recruiters..they act like you can float leads on a credit card and pay it off when you start getting paid...they get sold a line of BS.

Also, relative to starting another type of business it is very cheap to get into insurance...$100 for a class, $100 for a license and bam..you're an insurance salesman.

Lazy, weak people look at pipe dreams and think they can do things on a shoestring budget...and SOME can, but the majority cannot.

It's the same in every business..restaurants fail all the time because the owners think they can throw up some neon and serve Bubba burgers and people will come eat their processed garbage food...happens every day...no different with insurance
 
Why do you think people with the proper capital tend to not get into this business? Why does this business attract people that have little capital? (this is my perception over the years)

Well, let's put it this way. If I had the qualifications to make excellent money in a cushy corporate job, I wouldn't be running around in the poorest and (one of the) most crime ridden big city in America either.:nah:
 
Gooner, so you suggest a prospect has 500-1,000 or more liquid before even thinking about this?
 
Gooner, so you suggest a prospect has 500-1,000 or more liquid before even thinking about this?

A prospective agent?

Times that by 5...I wouldn't recommend anyone get into this business if you didn't have a minimum of 5k to start. Either that or have some high limits on your credit cards...and have money saved up for personal expensive for at least 2-3 months OR start part time and build up some cash...many ways to skin a cat, but bottom line is you need to have some reserves...again, this is all my opinion. Getting I to insurance was not the first business I have owned though. ..I have always approached it as a business.

When I decided to get into this, I told my wife I was willing to throw 50k at it to see if it worked...that was my mentality. Thank god I didn't need any of that money, but I was going to give it a good try regardless.
 
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