Questions about FMO Overrides and Seeking Insights for Evaluating FMO Partnerships

[rmhaire]

he won't even be in the industry by the end of summer

Probably be on one of JD's milk cartons by the end of the week

 

[goillini52]

You’re correct you’d not be at 50 or 75 because you know an agent can get 120 because the fmo is at 140-150 . You have a general understanding of what top fmo comp is . Let’s take the LH agent at 70. He joins up and he has no idea what top comp is . After lead cost and chargebacks he’s losing money and will be gone in 6 months . If he had done his research and known 120% was out there he’d possibly have made it . But by not doing his research and understanding what agents and Fmo’s make he never had a chance . Same applies to Medicare . By me understanding what the fmo makes on me it’s allowed me to not spend 1 dime on leads for near 3 yrs . By me knowing what they make on me it gives me leverage. If I’m a cash cow they’ll do whatever it takes ti keep me .Even after that he still makes a fortune on me .


It’s no different than a restaurant. There always shopping for better deals on cost of food . By them knowing the wholesale cost of food ( like me knowing about what fmo makes ) it gives them leverage to cut their costs . I take a lot less than I can make elsewhere because I trust my fmo . It’s not all about money . As long as the agents happy it’s all good

That's hilarious. You're quoting yourself and telling yourself you're correct.

Thanks Don. I love starting the day with a good laugh.