Roll Up Debt & High Commissions-not what it seems?

[Duane Freeman]

I actually had a lead who said she enters lots of sweepstakes and even though she didn't sign up to get life insurance, she wanted to know more about it. I did meet with her. And sold her a policy but it seems like a rare occasion

Great way to overcome!

 

[Sylver Gallardo]

FFL just seems to be a crooked organization. They are making a big splash, but if you have to sling lies to do that...will it last? Sad part is that it probably will because there are too many brand new agents who will also be talking their friends into it. SAD!!!

Many come from mlm like WFG and PHPand primerica. And they bring their teams with them. I've noticed those are the people that grow fast, but I can only imagine the roll up debt that's coming. It's like FFL will take anyone. I felt uncomfortable after a while sharing other people's income. It's cool when it's mine and I'm sharing the day's successes, but it can get tacky. Kinda like why do I want to show them how much I'm making? What do I have to prove? And to whom? You get me? Insurance is a great opportunity, but it's tough.

 

[Sylver Gallardo]

Posts like this make me miss the thumbs down button

may I ask why you say this? Is it because of legal shield being an mlm too or the fact the person says that every business has secrets?

 

[suranceman]

People go on these sites to pay for reviews or affiliate marketers go there and pay these people as bogus leads. The marketer pays someone (microworker) to fill out an insurance request using their link. The marketer pays the microworker $0.50, and the lead vendor will pay the marketer $5.00 for the bogus lead. The lead vendor then sells the bogus lead to an agent for $20 or whatever the cost for an "EXCLUSIVE" lead is...

Vicious cycle

holy crap that is disgusting

 

[Duane Freeman]

holy crap that is disgusting

Yeah I know. It's insane!

 

[Newby]

FFL just seems to be a crooked organization. They are making a big splash, but if you have to sling lies to do that...will it last? Sad part is that it probably will because there are too many brand new agents who will also be talking their friends into it. SAD!!!

I have not seen things that would fall in the category of crooked (as in not legal) out of them. But they definitely seem to do a lot of things that are not in the best interest of the agent's success. The purposely confusing commission levels, the re-selling of leads, the new agents on starter commission levels recruiting other agents on even lower levels, etc. None of that would be acceptable to me when I was an agent. But brand new agents aren't aware of what to look out for.

 

[Sylver Gallardo]

I have not seen things that would fall in the category of crooked (as in not legal) out of them. But they definitely seem to do a lot of things that are not in the best interest of the agent's success. The purposely confusing commission levels, the re-selling of leads, the new agents on starter commission levels recruiting other agents on even lower levels, etc. None of that would be acceptable to me when I was an agent. But brand new agents aren't aware of what to look out for.

I agree. I can't say it's crooked, but I do feel they aren't fully transparent. I am at 120% comp but in reality it's 100% and my downlines are at 115% which is really 95%. Small spread whereas I have heard other agents have big spreads on their agents

 

[DayTimer]

No respectable insurance firm has brand new agents recruit a downline and have a "team".

That really says it all. Succinct and to the point.

 

[Sylver Gallardo]

That really says it all. Succinct and to the point.

That's very true. To clarify I'm not new to the industry. I was a captive agent for 3 years and my colleagues joined me. But being a broker is a whole new animal.

 

[Newby]

I agree. I can't say it's crooked, but I do feel they aren't fully transparent. I am at 120% comp but in reality it's 100% and my downlines are at 115% which is really 95%. Small spread whereas I have heard other agents have big spreads on their agents

Yes and a big problem for you is that any of your agents can give themself a substancial raise just by leaving you. That's s problem. So if you actually recruit and train a halfway decent agent that puts up $4000 a week he will figure out real quick that he is giving up $1000 every week of HIS money because you pyramid recruited him. If he jumps ship on you he will be able to get 120% day one. (Real 120% not fake 120%).
You can not keep a decent agent in a pyramid.