Going to be talking to an IMO next week about mortgage protection and maybe final expense. They provide the leads and take a cut on the commission, I'm thinking they want to pay 50% on the mortgage protection sales. I'm thinking they should pay around 80%. What's a fair deal?
How Much Commisson
- Thread starter capnjim01
- Start date
- 11,996
Depends on the leads and training.
- 2,452
80 seems high, depends on the leads and your experience though.
- Thread starter
- #4
I worked with these guys up until about 2008 and the mortgage market went downhill and leads dried up. I was paying $20.00 per lead and most of my contracts were at 100% traing was good.
Now they want to talk to me about coming back so I have to see what kind of split they want. IMO I'm with now provides leads and pays 50% to start although the leads are not great, some are as much as three years old. I realized a lead is just an oppertunity to start a conversation but three years old is a bit much I think.
Now they want to talk to me about coming back so I have to see what kind of split they want. IMO I'm with now provides leads and pays 50% to start although the leads are not great, some are as much as three years old. I realized a lead is just an oppertunity to start a conversation but three years old is a bit much I think.
- Thread starter
- #6
- 717
i think 50% is reasonable given that you have no out of pocket costs for leads.....
Cap'n...call Premier Senior Marketing. They are an IMO that focuses on the senior market. They do have tranining available in their FE division, all you need to do is license with their carriers. It's a pretty sweet gig. Contracts start from 105% to 115% depending on the product. Their leads are a direct mail drop, averaging $30 a lead, but they are exclusive to you and are at least 90 days fresh.
