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I agree with most of the posters here that tell you to "Do your homework" on this one. Dont be suckered into just considering the commission percentages.
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As others have clearly stated, 75, 80 or 90% is really relative to what the company is providing you. Even at 100% commission, suspect they are saying that you will be paying the 25% on the $250K for life and anything above you get 100%.
- How would you share in enhanced comp, contingency? And, who pays for:
- Agency Management System
- Raters
- Websites
- Commission reconciliation, downloads, payroll
- Accounting & compliance
- Training
Etc., etc., these are all expenses for an agency as well as a detraction from your primary goal -- generating new clientele.
That's why it's way more than just commissions -- although important.
Best of luck!
I will not need a agency manager or a quoter. I get my staff through staffing agencies. I don't need a website as my social media and my current standing in my community is huge. My office I already have is mine and my rent is very cheap.
I'm just asking about insurance aggrigators right now. Who are the best?
I will not need a agency manager or a quoter. I get my staff through staffing agencies. I don't need a website as my social media and my current standing in my community is huge. My office I already have is mine and my rent is very cheap.
I'm just asking about insurance aggrigators right now. Who are the best?
I am going independent. I have Smart Choice Agents contacting me to solicit their services. They say it is an 70/30 thing, I make 70% commissions until I sell to $250k in policies, then I go 100% commissions. There are no fees and my clients are 100% mine from the very first sale.
They have a quoting system company called EZ Links.
Has anyone heard of these companies and is this thr best way to go independent?