What's the average closing ratio for new Medicare agents?

Not just is everyone is different,

Every lead source and marketing type, piece, technique is very different

I have one marketing system that has 100% close ratio over the last year, Not enough leads to live off it, its expensive, but its 100% close ratio

What does that mean, Not a whole lot
 
I'll give my old t65 cold calling numbers from back in 2009. It has zero relevance today.

For every 10 cold calls I made, one would answer. For every 10 that answered, I would get one sit down appt. For every 2 sit down appts I would sell 1.
200 calls equaled 1 sale.
Today, I don't do any of that.
 
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Close ratio of people you present to ? Or close % of the leads you get ? Out of every 20 direct mail leads I get I'll sell 7-8 plans .I work my leads hard . I'll get in contact with 16-17 of the 20 leads on avg . Out if these 17 I touch 3-4 will have Medicaid . The ones I sit with my closing ratio is very high . But your closing ratio depends on your skill level and and knowledge ,your ability to jell with clients and get them to trust you . For most agents especially those in the mapd mkt a good % of your business will be replacement . That requires the ability to hit their hot button on benefits and copays they want . You have to be able to expose weaknesses in their plan . When I see a clients plan I know in seconds how I'll attack it with a better plan . If there plan is the best I wrap it up in min's and walk .
 
Thanks for the replies, I should had specified closing ratio of purchased fresh DM leads. I'm slowly working my way through training and want to get an idea of what I should expect to set aside for a marketing budget.
 
Thanks for the replies, I should had specified closing ratio of purchased fresh DM leads. I'm slowly working my way through training and want to get an idea of what I should expect to set aside for a marketing budget.

What fmo are you with ? Were are you getting your Dm leads ? Are you going to door knock in addition to call the leads ? I'm assuming your mailing low income/dsnp ? Are you getting coop money ? Personally if I were paying for my Dm I wouldn't be mailing until aep . The commission is only $140 this month and $117 next month . Your going to lose money .
 
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No FMO yet, still studying for my license and getting a jump start on product knowledge while I save money. Don't know yet if I'll be door knocking.
 
No FMO yet, still studying for my license and getting a jump start on product knowledge while I save money. Don't know yet if I'll be door knocking.


What made you decide to get into the senior market, Do you know someone who is in it?

You will need to have a plan, How you will get in front of enough people
 
What made you decide to get into the senior market, Do you know someone who is in it?

You will need to have a plan, How you will get in front of enough people

I'm drawn to the senior market for the renewals in Medicare, I don''t know any agents in it but have family on Medicare.
 
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