Selling Life Insurance Over Phone Or Online
- Thread starter LVGUY
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- life insurance
areito10
New Member
- 4
Totally over the phone? Witch company??
- 2,758
While I think some companies out there are pretty bad I don't think any of them are demon possessed or run by witches. With possible exceptions being Amerlife and Bankers, of course.
- 24,979
ObamaCare health insurance.
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Sorry. Many companies allow phone sales. Which company will depend on what you want to sell. Such as term, FE, medsups and so on.
G
Guest
Guest
Selling over the phone requires phone sales skills. It's doable, but you have to be personable, and clear. I have heard people whine and complain about failing at it before, yet why can I thrive doing it? I have been selling things over the phone for 15 years. I had to LEARN to be good at it. Made 1000 mistakes.
You do have to have a good lead budget, I agree. I have made a killing off $1 aged leads before, but generally, I close 1 out of 50-100 of those, depending on how good the source is. Some people can't accept the idea of losing $99 before you make a sale. I can, it's a numbers game. Buying leads is a business.
My average AP off aged leads tends to be in the $700 range. Commissionable premium on those tends to be around 114%, of which I get paid 70% from my agency. So my commission is $558. So every dollar I spend, I get back $5.58 in return, on average. That's the way you need to look at it.
I buy generally $500 worth of leads per week, which will earn me $2,790 per week. It doesn't all work out like that exactly, because some of the leads will take 1-6 months to close, but eventually, it always works out like that. Been doing it for years.
Someone before me mentioned a $5 to 1 ratio. Works out EXACTLY that way for me. Mine is $5.58 to 1 on aged internet leads.
I was in a negative ratio for premium internet leads and telemarketing leads. Those are the biggest scam known to man. 27 people calling the same lead.
You do have to have a good lead budget, I agree. I have made a killing off $1 aged leads before, but generally, I close 1 out of 50-100 of those, depending on how good the source is. Some people can't accept the idea of losing $99 before you make a sale. I can, it's a numbers game. Buying leads is a business.
My average AP off aged leads tends to be in the $700 range. Commissionable premium on those tends to be around 114%, of which I get paid 70% from my agency. So my commission is $558. So every dollar I spend, I get back $5.58 in return, on average. That's the way you need to look at it.
I buy generally $500 worth of leads per week, which will earn me $2,790 per week. It doesn't all work out like that exactly, because some of the leads will take 1-6 months to close, but eventually, it always works out like that. Been doing it for years.
Someone before me mentioned a $5 to 1 ratio. Works out EXACTLY that way for me. Mine is $5.58 to 1 on aged internet leads.
I was in a negative ratio for premium internet leads and telemarketing leads. Those are the biggest scam known to man. 27 people calling the same lead.
areito10
New Member
- 4
Thanks marcustbrody, I'm going with fidelity life (email signature) and assurant (phone interview ). Any advice?
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Wow!! I just read the new TCPA law!! . Any loop wholes??
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Wow!! I just read the new TCPA law!! . Any loop wholes??
- Staff
- #18
that is just part of it...you also need a system to were they can apply online with a one page application with all the top company's.....
https://www.ezlifesales.com/beginlink.do?key=816147BE4D6B52853592DFCD1DB0B1A3
- 742
- Staff
- #20
