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A lot of agents who talk to me about getting into Final Expense can't get past the amount of money they will need to spend on leads each week. They take all kinds of horrible deals (free leads, financed leads, chopped commissions, buying lists and cold calling, etc.) and fail out at that and come back a year later after going broker than they started. They just aren't thinking about their business as a business person and that's why they fall for bad deals.
YOU don't buy your leads. Your business buys your leads. Don't mix your personal money with your business money. Don't think of your cash flow as income.
YOU are starting a business. You should put money in your business ONE time. That's your start up seed money. You should never have to pay your business again. Your business should pay you.
To start an FE business the right way you need less than $3,000. You pay for your E&O insurance, name badge, business cards, a tank of gas, and your first month's leads.
Your commissions should all flow into your business checking account. Your business pays for your next orders of leads. You should quickly cash flow and be able to pay yourself a salary AFTER your business costs are paid. The salary will get bigger over time. It starts out small. But YOU should never have to pay for leads ever again, your business does.
Guys who can think this way make it in business. Guys who think like an employee are forever doomed to fail and make scamsters rich. In order to be successful in business you have to think like a successful business person. And that involves planning a successful start up with enough seed money, sacrifice in the beginning, working harder than you've ever worked in your life, acknowledging that you are the worst you will ever be at this in the beginning and you will constantly improve, and the mindset that failure is not an option.
If you go at this the right way and with the right mindset, you will come out the other side with more income and a lifestyle that most people can only dream about.
But if you go in this telling your wife, Hey I'm going to try this Final Expense thing. Guys on the forum are making $5,000 a week doing that. I'm going to give it a try and put a couple of friends under me to get over rides. You and your spouse will not be ready to do what it takes to make it. And you will start looking for things that don't exist.
For more info read the getting started thread at www.FexContracting.com
YOU don't buy your leads. Your business buys your leads. Don't mix your personal money with your business money. Don't think of your cash flow as income.
YOU are starting a business. You should put money in your business ONE time. That's your start up seed money. You should never have to pay your business again. Your business should pay you.
To start an FE business the right way you need less than $3,000. You pay for your E&O insurance, name badge, business cards, a tank of gas, and your first month's leads.
Your commissions should all flow into your business checking account. Your business pays for your next orders of leads. You should quickly cash flow and be able to pay yourself a salary AFTER your business costs are paid. The salary will get bigger over time. It starts out small. But YOU should never have to pay for leads ever again, your business does.
Guys who can think this way make it in business. Guys who think like an employee are forever doomed to fail and make scamsters rich. In order to be successful in business you have to think like a successful business person. And that involves planning a successful start up with enough seed money, sacrifice in the beginning, working harder than you've ever worked in your life, acknowledging that you are the worst you will ever be at this in the beginning and you will constantly improve, and the mindset that failure is not an option.
If you go at this the right way and with the right mindset, you will come out the other side with more income and a lifestyle that most people can only dream about.
But if you go in this telling your wife, Hey I'm going to try this Final Expense thing. Guys on the forum are making $5,000 a week doing that. I'm going to give it a try and put a couple of friends under me to get over rides. You and your spouse will not be ready to do what it takes to make it. And you will start looking for things that don't exist.
For more info read the getting started thread at www.FexContracting.com