lacy_amy
Expert
- 71
If a newbie wants to go independent is it best to go with an IMO or get your own contracts?
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sorry....what does "MGA" stand for?
Can someone please explain what the difference is between a MGA and an IMO?
MGA is lower on the food chain.
MGA might have 2 to 50 agents.
IMO might have over 1,000 and recruits the MGA.
There is also different sizes of IMO's and MGA's
IMO might have 50 MGA's.
Example to better explain.
Street level Normal Agent for abc company is 100%.
MGA that has 1 to 4 agents might get 105%
MGA1 that has 5 to 20 agents might get a 110%
MGA2 that has 25 to 100 agents might have a 115%
IMO that has over 100 agents might have a 120%
IMO2 might have 300 to 500 agents and have a 125%
IMO3 Might have 1,000 plus agents have do large numbers have a 130% to 140%.
I am making up these % numbers to show you something.
If a newbie wants to go independent is it best to go with an IMO or get your own contracts?