Anyone in California want to make some referal money? $100 cash per referal!

MikePLATNUM · 08-15-2007, 06:51 PM

Hi Guys,

I am looking for licensed agents in California that occasionally comes across risks that they have trouble placing. I am a broker that specializes in high risks. I am willing to pay $100 per referal upon closing the sale. You must be licensed to receive any sort of reinbusement. Please let me know if any of you are interested.

Thanks!

Mike

senior-advisor-indiana · 08-15-2007, 11:54 PM

I am not interested.

OCNobel · 09-10-2008, 06:38 PM

Hello everyone, I am a commercial Insurance broker here in California and I sell insurance. If you have a risk that you can't write I will gladly pay you $150 for your referral!

BEAT THAT!

joshril · 09-10-2008, 06:41 PM

Originally Posted by OCNobel

Hello everyone, I am a commercial Insurance broker here in California and I sell insurance. If you have a risk that you can't write I will gladly pay you $150 for your referral!

BEAT THAT!

I'll give $10,000 per referral...

robliano · 09-10-2008, 06:44 PM

Originally Posted by senior-advisor-indiana

I am not interested.

I'm not sure why you even take the time to reply. What is it that you get out of doing that?

joshril · 09-10-2008, 08:25 PM

Originally Posted by robliano

I'm not sure why you even take the time to reply. What is it that you get out of doing that?

Not sure what he gets out of it, but I get a laugh...

robliano · 09-10-2008, 09:25 PM

Originally Posted by joshril

Not sure what he gets out of it, but I get a laugh...

I guess it was meant as humorous, but he forgot the 'LOL'

mickeyma · 09-10-2008, 11:29 PM

Originally Posted by robliano

I'm not sure why you even take the time to reply. What is it that you get out of doing that?

I agree. It was silly.

theinuranceguy · 09-10-2008, 11:37 PM

I laughed because he didnt put LOL

djs · 09-11-2008, 12:08 AM

Originally Posted by robliano

I'm not sure why you even take the time to reply. What is it that you get out of doing that?

He asked if you are interested, this just answered the question.

Of course, I found it more humorous that the title line said $100 and the body said $150. I find it even more humorous that I'm in California AND I have several small risks that aren't worth me finding a market for and instead of sending them away, I can make $150 on what should be an under $500 a year premium.

I bet there is some caveat to the referral fee....

Dan

robliano · 09-11-2008, 12:34 AM

The body of what the poster wrote doesn't say $150, someone else added that as a additional post.

And if you're not interested, do you really think there's a need to post it?

Originally Posted by djs

He asked if you are interested, this just answered the question.

Of course, I found it more humorous that the title line said $100 and the body said $150. I find it even more humorous that I'm in California AND I have several small risks that aren't worth me finding a market for and instead of sending them away, I can make $150 on what should be an under $500 a year premium.

I bet there is some caveat to the referral fee....

Dan

TXINSURANCE · 09-11-2008, 01:09 AM

Mike - what exactly are you selling?

Mr. Bill · 09-11-2008, 01:11 AM

Originally Posted by robliano

I guess it was meant as humorous, but he forgot the 'LOL'

He normally doesn't (put the LOL). He's just funny. Short and to the point. Refreshing, actually!

GreenSky · 09-11-2008, 10:54 AM

Originally Posted by robliano

The body of what the poster wrote doesn't say $150, someone else added that as a additional post.

And if you're not interested, do you really think there's a need to post it?

I'm confused by your post. Are you interested or did you just want to comment on this because you have nothing else to do?

Rick

joshril · 09-11-2008, 11:20 AM

Originally Posted by Mr. Bill

He normally doesn't (put the LOL). He's just funny. Short and to the point. Refreshing, actually!

I agree... SAI's always good for a laugh. His humor is very witty...

robliano · 09-11-2008, 01:51 PM

Originally Posted by GreenSky

I'm confused by your post. Are you interested or did you just want to comment on this because you have nothing else to do?

Rick

Good point, no reason for me to be hall monitor, that's like correcting someone's grammar.

GreenSky · 09-11-2008, 02:30 PM

Originally Posted by robliano

Good point, no reason for me to be hall monitor, that's like correcting someone's grammar.

That's my job. I try to thin the herd by separating the intelligent from the uneducated.

Rick

BrokersAllianceAnnuities · 09-11-2008, 03:57 PM

$100 is not a good deal, as most here have surmised. But, the reason why it is not a good deal is because the OP offers "insurance agents" a "referral fee," when he knows very well that he could offer "street commission."

Big difference (no lol)

Now, if he made that same offer to a non-licensed person, then it might be an ok offer - albeit low offer.

** No offense Mike. Just making an observation. You are welcome to prove me wrong.

robliano · 09-11-2008, 04:01 PM

Originally Posted by GreenSky

That's my job. I try to thin the herd by separating the intelligent from the uneducated.

Rick

Will that be an 80/20 herd?

djs · 09-11-2008, 04:12 PM

Originally Posted by BrokersAllianceAnnuities

$100 is not a good deal, as most here have surmised. But, the reason why it is not a good deal is because the OP offers "insurance agents" a "referral fee," when he knows very well that he could offer "street commission."

Big difference (no lol)

Now, if he made that same offer to a non-licensed person, then it might be an ok offer - albeit low offer.

** No offense Mike. Just making an observation. You are welcome to prove me wrong.

Actually, for commercial, this isn't necessarily true. I write commercial insurance, and there are many things that I don't want. It takes to long, not my area of expertise, I don't have a carrier in that market, etc. Earning a $100 to throw it over the fence and not have to deal with it isn't all bad. Not all good, but not all bad.

For instance, if someone comes in and wants a policy for a large event, I don't do these. Don't want to do them, I'd gladly take a $100 referral fee to say.... 'Oh, you are holding a concert in the park and need insurance coverage for Saturday? Great, let me have you talk with my specialist in that area'.

Now, if they need workers comp and have a payroll of $400,000, I'm not referring that out, I'll get it placed, along with the group health, the retirement accounts, group life, liability coverage, etc, etc, etc.

Dan