I know on this forum some people think NAA is a joke but, they really don't know what there talking about for the most part. None of them have grown their company to 100 million in only four years. How can they compare opinions against fact? No disrespect intended for anyone, we all have opinions.
I know on this forum some people think NAA is a joke but, they really don't know what there talking about for the most part. None of them have grown their company to 100 million in only four years. How can they compare opinions against fact? No disrespect intended for anyone, we all have opinions.
dvd493,
I've tried to hold my tongue as long as I can, but I have to point out a few things. Number one, it's conference with an "e", not conferance with an "a". Secondly, the comma comes before the word "but". Thirdly, it's "they're" (as in they are) when you say, "they don't know what there talking about".
Wow, that felt good.
Now, about NAA (with whom I've never been associated with), they have grown their business to 100 million in 4 years off the backs of agents like you. That doesn't make them a great company. As a matter of fact, it confirms moonlight's point. That is, they have a great business model for THEM. They are nothing more than a lead generation company (at no cost to them since they charge the agents for the leads). Then, evidently, they give the agents less than attractive contracts for which they get an override on.
It is likely they are getting 120%-140% contracts. Most of the IMO's that provide leads get this type of contract. They then set it up where they give the top guys (those who build a downline) maybe 100%-110% at best. Which means they get 20%-40% off of everything sold. All for generating leads that someone else pays for. I say more power to them. When I come across someone who has purchased one of these mortgage term products (mainly the ones that don't require an exam), I simply show them how much less they could be paying and it's usually a done deal.
I'm sure there are many agents out there, including some that post here, that went down that road. They are trying to share some wisdom with you. But I'm sure you've heard your upline say something like, "they only talk bad about NAA 'cause they couldn't make it". And I'm sure that's true for some. I assure you, the only one's making reall money with NAA are the one's who have built a big downline. They don;t really sell anymore. Their job is to recruit, recruit, recruit. And if they're good at it, they should make good money. Again, that doesn't mean NAA is a great company.
Isn't every agency a MLM? Some are just bigger than others. Most folks can say what they want, but I don't think there's an agent on here who wouldn't love to have 15-20 agents working with him. Knock out $300-400K a year. Most agents on here work by themselves. Why? Nobody can stand them? Can't recruit? No one wants to be around them. I don't know. I've seen the PFS and others. Some protect folks better than what they had before. Any one here could have a team of 50 to a 100 people and I guarantee you there would be a bad apple in the bunch. I have ran quotes, sometimes the non-meds are cheaper than what the locals are selling! At least it's a start. Some folks need the hooray and motivation, some don't. My problem was we were limited on products. There is not a day that goes by I wouldn't like to feel the excitement of 1200 people in a room motivated by someone who has changed their life for the better.
I understand NAA top dogs get paid more. Can you name anyone on top who doesn't. It goes with the skill level. There are a lot of NAA agents who make good money so your just wrong there. I also understand that you start at a much lower contract level. 55% is very low and not many in this industry would dispute that.
Everyone pays for leads either directly or indirectly so what. It's the cost of doing business. I don't understand your anger. It seems a little misplaced. Going to 100 million in 4 years does mean there doing something right. You work on a tier system. Sure, your at 100% but those over you are at a higher contract rate. So classifying NAA as an MLM is just rediculous. By your definition, your working in an MLM company also.
Lets get back to the issue. Did any of you attend the conferance and if so, can you tell all of us what you learned?
Years ago when I worked for Prudential in Chicago, they rewarded the top 30 agents in our area with an audience with the great Notre Dame (at the time) football coach, Lou Holtz. I was fortunate enough to qualify to attend.
Mr. Holtz spoke for near 90 minutes on the subjects of love, trust, and commitment. At the conclusion, he took questions. One of our attendees, acknowledging the he was known as a "master motivator" asked him for his secret to motivation.
Mr. Holtz replied that motivation came from within. If he had a secret, he said, it was finding people that were already motivated.
Well in that case, every company is a MLM company.
I have never seen a CEO equal pay as a mailroom clerk. The pay normally starts somewhere and works its way up.
I do not work with the NAA or do I care to. But independent agents are ones who are diciplined enough to guide themselves to success (the good ones). Some need guidence, or an upline for that.
So, each their own. You know the old saying, if you want to be a success, you have to work for yourself.
You could buy your own leads, and make more money, but then there goes the guidelines and upline. 0-100 million in 4 years is great, but they are selling leads and making overrides off the agents. Where do you think the $100 Million comes from?
Why the personal attacks on my spelling? I already mentioned spelling is not important to me. If it was I could use the spellcheck right above this box.
Yeah, it makes me good at what I'm doing. With the average one year failure rate at 97%, it's above average to just last! Over 15 years is exceptional. I have made a very handsome living for myself, and helped and brought a ton of value to people.
Everyone pays for leads either directly or indirectly so what
Paying for leads is not the issue.
Paying top price for cherry picked, rehashed leads AND taking a 55% contract is just foolish. You are digging a hole you cannot crawl out of.
I don't understand your anger
No anger. Neither you nor NAA (or any of those other agency's) affect my income a bit.
Going to 100 million in 4 years does mean there doing something right
Maybe that is an accurate figure, maybe not. Who knows? Even more so, who cares?
Not me.
classifying NAA as an MLM is just rediculous. By your definition, your working in an MLM company also
.
Not hardly.
I have been in career shops in the past and have also attended some recruiting meetings for folks like NAA, ACA, PFS, NBA, Alliance for Affordable Services . . . just to see what they are doing. Was never impressed.
A REAL career shop does not treat their agents the same. You need to have more experience in the industry to really understand the difference. I have never seen a NYL, Mass Mutual, John Hancock (or any other career shop) place ads in a paper for mass interviews where the tone is "join us and you will earn a fortune, everyone else is a crook".
I really don't care what you think of my, my opinion or how great you feel about NAA. The folks here who have tried to give you advice really don't have a bone to pick with you or NAA. Just some folks giving honest opinions about what NAA (and all the other MLM agencies) are really doing to their agents.
BTW, in case you are interested, I started in the industry part time while in college in 1973. Went full time in 1975. Believe I may have learned a few things along the way about this industry, who is believable and who isn't.
Somarco, it would be easier to believe some of the people on this forum are trying to give honest advice if it didn't get personal so fast. There seems to be an anger here just like there was on the other forum. This is not productive.
Anger? Maybe. Probably more like frustration from trying to feed you the truth instead of the manure you are being spoon fed now but you fail to appreciate the kind of advice that is being offered.
Believe it is time for me to move on. Singing lessons are over.
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