Pros Vs Cons of Owning an Insurance Agency

[linda1185]

What are the pros and cons of owning an independent auto insurance agency in California?

 

[Josh]

Anything more specific?

 

[GreenSky]

Anything more specific?

I can help. She wants to know what are the pros and cons of owning an independent auto insurance agency in California?

Rick

 

[Guest]

I can help. She wants to know what are the pros and cons of owning an independent auto insurance agency in California?

Rick

Thanks for clarifying rick LOL

 

[GreenSky]

Thanks for clarifying rick LOL

You know, I've been in business since 1977 and I'm happy to share what I've learned.

Rick

 

[Bertolinoins]

Pro's- if you are a good agent/salesperson/marketer you will make a whole lot of money and control your own destiny.

Con's- if you are not a good agent/salesperson/marketer then you will lose a lot of money and waste a lot of time.

 

[GMANPRO]

Pro's- if you are a good agent/salesperson/marketer you will make a whole lot of money and control your own destiny.

Con's- if you are not a good agent/salesperson/marketer then you will lose a lot of money and waste a lot of time.

Agreed. I know people making 15k a year and people making 2-3 mil a year.

 

[nyc2phi]

Pro: own your own business, higher pay-outs on comm, freedom of boss's and their schedules, a chance for a very prosperous future .

Cons: own your own business, little support, up front cost and on going costs, competition, & failure.

 

[enterscope]

I'm no expert in the insurance industry, but from a marketing perspective I can add:

Pros: Who doesn't want/need insurance?

Cons: Why would they choose your insurance?


That's why at the moment I am focusing on promoting affiliate offers from reputable insurance companies like Esurance, Allstate, etc.

Granted, the payouts aren't as big as someone that is a licensed broker, but it pays nonetheless and all the advertising these companies do sure helps.

 

[insurehound]

Isn't one of the cons that when one first starts out, they are limited to the quality of carriers they can offer? Unlike Life & Health, becoming contracted with P&C company is more difficult. I may be wrong.

I have a buddy who had to start off with the not-so-great companies and then work up to the bigger, better-known companies after his production reached a certain level.