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farmers insurance agent- good career choice? - Page 16

post #226 of 269
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post #227 of 269
Quote:
Originally Posted by Piobaire View Post

It seems like a lot of work convincing people your company is objectively the best. Why not just make a webpage, explaining how your company is objectively the best, then simply hand business cards with the web URL and a sign page complete with payment? You could also not have to give away part of your commission as you do with the current methodology: mo' money!

I think you are failing to be truly creative.

Like I said, you must NOT be lazy. Who are you going to trust more, some shady looking flashy website asking for your credit card information saying how good they are about their own company, or someone talking to you in person at how good some company is and how good of service they have gotten?

 

Your problem is you just want to make a website and do nothing and "let the internet do everything" Thing is, I take time, call people, talk to them in person, take time out of my life and free time and do that person to person interaction which is critical, crucial, and golden.

 

Heck just this past week, one of my silly clients called me at 3am asking me a question she could of googled and gotten an answer in a minute or two. I woke up, happily spoke with her, and answered her question and thanked her for her time. The result? That client was so satisfied with the service she received at 3am in the middle of the night when I was sleeping so far has recruited over 10 clients via positive word of mouth to me who have boughten policies from me, and that person has made a nice little bonus too from the commision I paid her to recruit people to me.

 

Customer service, huge difference maker and the little things make a difference. What you guys would of probably have done is have voicemail pick it up and state "too lazy to call, you need to email or message me on facebook because i'm too lazy to verbally talk on the phone, or better yet just google it rather then bothering me with some stupid question" then wonder why you end up failing and your clients leave you and write negative reviews on yelp and facebook about you and then no insurance company will hire you, or even let you volunteer for them.

post #228 of 269
Hey @UltimateDude, it's really interesting to hear about your approach to service. I've always hated when clients call me at night or on weekends --- I'm usually either sleeping, drunk, or both. I've had a hard time getting going in insurance after losing my job in a traveling carnival last year. I've tried paying clients to bring me more business. Is providing good service what I should focus on?
post #229 of 269
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post #230 of 269
Ah USAA. Never have had to deal with an insurance agent...
post #231 of 269
Quote:
Originally Posted by UltimateDude View Post

Like I said, you must NOT be lazy. Who are you going to trust more, some shady looking flashy website asking for your credit card information saying how good they are about their own company, or someone talking to you in person at how good some company is and how good of service they have gotten?

Your problem is you just want to make a website and do nothing and "let the internet do everything" Thing is, I take time, call people, talk to them in person, take time out of my life and free time and do that person to person interaction which is critical, crucial, and golden.

Heck just this past week, one of my silly clients called me at 3am asking me a question she could of googled and gotten an answer in a minute or two. I woke up, happily spoke with her, and answered her question and thanked her for her time. The result? That client was so satisfied with the service she received at 3am in the middle of the night when I was sleeping so far has recruited over 10 clients via positive word of mouth to me who have boughten policies from me, and that person has made a nice little bonus too from the commision I paid her to recruit people to me.

Customer service, huge difference maker and the little things make a difference. What you guys would of probably have done is have voicemail pick it up and state "too lazy to call, you need to email or message me on facebook because i'm too lazy to verbally talk on the phone, or better yet just google it rather then bothering me with some stupid question" then wonder why you end up failing and your clients leave you and write negative reviews on yelp and facebook about you and then no insurance company will hire you, or even let you volunteer for them.

You can volunteer for an insurance company? SWEET!

Do all your customers get your personal phone number so they can call you at night?
post #232 of 269

Recently talked with a Farmer's District Manager, basically he said that when a current Farmer's Agent retired, that I could buy his book of business, thereby becoming a Farmer's Agent myself. 

 

Example:  He said that if the agency had yearly income of $150,000 per year ($12,500 per month) then when I bought the book of business (for whatever price is agreed upon - which could be anywhere from $75,000 to $250,000+, depending on the agency), that I would instantly have that same income for myself, and I would be expected to continue to build the business. 

 

This sounds pretty straight forward to me.  Is this NOT accurate information?  It sounds like a good opportunity - what would be the drawback of doing this?

post #233 of 269
I'd love to buy a recurring revenue stream at a 0.5x multiple.

Sign me up!!!
post #234 of 269
Quote:
Originally Posted by dscott40 View Post

Recently talked with a Farmer's District Manager, basically he said that when a current Farmer's Agent retired, that I could buy his book of business, thereby becoming a Farmer's Agent myself. 

Example:  He said that if the agency had yearly income of $150,000 per year ($12,500 per month) then when I bought the book of business (for whatever price is agreed upon - which could be anywhere from $75,000 to $250,000+, depending on the agency), that I would instantly have that same income for myself, and I would be expected to continue to build the business. 

This sounds pretty straight forward to me.  Is this NOT accurate information?  It sounds like a good opportunity - what would be the drawback of doing this?

By "income" do you mean gross revenue or net?
post #235 of 269
Quote:
Originally Posted by Piobaire View Post

By "income" do you mean gross revenue or net?

That has to be gross. I don't think it's possible for a person in the US to net $150K in a single year.
post #236 of 269
Depends on what kind of service you give at 3:00 am.
post #237 of 269
A Farmers' agent who is a FB acquaintance of mine just posted that he made the "Topper Club" this year for the first time. He got a glass (or maybe clear plastic) trophy with his name engraved on it. He will be putting it on his desk.

I don't know what it takes to make Topper Club. I would hope that all the Farmers agents in this thread (especially Piob) would strive to achieve this worthy goal someday.
post #238 of 269
post #239 of 269
That was inspiring AF.
post #240 of 269
Quote:
Originally Posted by dscott40 View Post
 

Recently talked with a Farmer's District Manager, basically he said that when a current Farmer's Agent retired, that I could buy his book of business, thereby becoming a Farmer's Agent myself. 

 

Example:  He said that if the agency had yearly income of $150,000 per year ($12,500 per month) then when I bought the book of business (for whatever price is agreed upon - which could be anywhere from $75,000 to $250,000+, depending on the agency), that I would instantly have that same income for myself, and I would be expected to continue to build the business. 

 

This sounds pretty straight forward to me.  Is this NOT accurate information?  It sounds like a good opportunity - what would be the drawback of doing this?

How can you 'buy' a book of business? Obviously, you can pick up current contracts, but those people can pick up and get a different insurance at any time (or simply not re-up with you).

 

Also, I think (and Piob can tell you) that you have to pass some tests as well before you can become an agent.


Edited by venividivicibj - 10/7/16 at 7:58am
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