2007-08-16 11:36:32 · 9 answers · asked by Dianna M 2 in Business & Finance ➔ Insurance
Can he sell? It's a straight commission job. If he can sell, you can make really good money at it. It's long hours the first few years - 60 - 80 hours a week, for $40,000 to $80,000 in commission.
But 95% of insurance sales guys wipe out - they usually either don't want to put in the hours, or dont' want to go find the business - they want it to come to them, which JUST doesn't happen.
2007-08-16 14:11:49 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
It is a high burn out rate job unless you work for the right company so do your research. See what their turnover rate is on their employees (make sure you do this low key). Make sure you are walking in to a stable company, with stable clients that is growing. I have stepped into some real messes that I have gladly jumped right back out of within 6 months to one year due to poor management. Take it from my lesson learned, a little research of speaking to employees one on one casually reveals a lot about what you are walking in to before taking the plunge. The money is great if you are good at sales and enjoy working with people. I have done it for many years and love it, but have seen many others come and go in my time.
2007-08-16 20:38:00 · answer #2 · answered by Country Girl 2 · 1⤊ 0⤋
It depends entirely on his personality and how aggressive he is. You can make a decent living, even a good living. It isn't for everybody. When you start, they'll load you with calling on the people that no one else has ever been able to sell to. You can spend an indeterminate length of time with no appreciable income, or maybe none at all. In an organization, those who are in senior positions get the plum leads. Those just beginning get to sift through the crap left behind for random kernels of corn.
2007-08-16 19:54:50 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Like any sales position, it depends.
I work for an insurance company in an Agent's office. He can cover his bills, but is far from a millionaire. His father is also an Agent, but has been one for 50 years.
My boss owns nothing but his 5 yr old car and has been an agent for 4 years.
his dad has been an agent for 50 years and owns a home and condo in LA, a cabin on a lake in CA, and another condo in a plush Cancun complex.
It depends on how much energy he's willing to put into it and how long he's planning to do it.
2007-08-16 19:02:21 · answer #4 · answered by saberhilt 4 · 1⤊ 0⤋
Being an insurance agent is similar as being a businessman. You don't get pay from your boss, but get commission from your client. You need to come out your own business expenses such as entertainment and gifts.
Just like some businessman earn good money, but some don't. It's all depend on how well can he sell.
2007-08-16 21:18:20 · answer #5 · answered by Tan D 7 · 0⤊ 0⤋
It's not necessarily just commision, there are insurance sales jobs that have a base +commision rate. I know some that make good money at it, some don't. Better check the licensing requirements where you live, he may need a license to sell.
2007-08-16 23:10:07 · answer #6 · answered by Cookie momster 4 · 0⤊ 0⤋
It's a tough sales position. I'd be surprised if more than 5% of the newbe's last more than a year.
Having said that...... some very hard working people make a great career with it. Only time will tell...............................
2007-08-16 23:04:22 · answer #7 · answered by Common Sense 7 · 0⤊ 0⤋
Depends how hard he wants to work and if he has any ownership in what he sells.
If he has no ownership in the policies he sells, he'll have to constantly be selling . He needs to make sure he gets residual income from what he's selling.
2007-08-16 18:58:38 · answer #8 · answered by CJ 2 · 1⤊ 0⤋
Very low. Most last less than one year.
2007-08-16 19:32:24 · answer #9 · answered by StephenWeinstein 7 · 1⤊ 0⤋