I have a job offer on the table to sell health insurance. I have spoken with a few guys on the board and as I expected they were very helpful. I thought I would throw this out to the rest of you and see what the consensus is.
Here goes: Draw is $1500 per month. There would be very litttle cost to me, (no lead cost, desk cost, e&o cost, etc). The company uses Norvax, no cost to me. Owner is a solid producer who wants to focus more on business accounts especially larger business accounts.
The owner has years of experience selling only health and will supply all leads. They have accounts with the usual lead providers talked about on the forum daily. The leads are a hodge podge some are excellent and some are not. Owner is looking for 2 sales per day with a 20% drop out rate, [(252*2)*.8] = 400/year. Owner says lead vendor leads close at 1 out of 20 and the others close at around 30-50%
There is staff that will handle customer service so it is all selling all of the time. I am the only sales person besides the owner. The commute from my house is very easy and I would probably be able to work part time from my house in the future. Non compete clause, 5 years. In house and out of house training with the owner and others. The training appears to be fantastic.
Now the important stuff....My commission is basically $100 per life, couples $150, families $200; After one year $2/month per life trailing. The commission schedule is more complicated but it's basically what I have listed above.
I'm struggling with this. This job is in California and I think the owner mostly sells BC/BS. I looked up the commission schedule for BC/BS and it appears that if I sell 400 individual lives in a year at an average yearly premium of $3000 there is alot of money on the table.
Thoughts...Thanks very much in advance to all!!!!
Email: [email protected]
Here goes: Draw is $1500 per month. There would be very litttle cost to me, (no lead cost, desk cost, e&o cost, etc). The company uses Norvax, no cost to me. Owner is a solid producer who wants to focus more on business accounts especially larger business accounts.
The owner has years of experience selling only health and will supply all leads. They have accounts with the usual lead providers talked about on the forum daily. The leads are a hodge podge some are excellent and some are not. Owner is looking for 2 sales per day with a 20% drop out rate, [(252*2)*.8] = 400/year. Owner says lead vendor leads close at 1 out of 20 and the others close at around 30-50%
There is staff that will handle customer service so it is all selling all of the time. I am the only sales person besides the owner. The commute from my house is very easy and I would probably be able to work part time from my house in the future. Non compete clause, 5 years. In house and out of house training with the owner and others. The training appears to be fantastic.
Now the important stuff....My commission is basically $100 per life, couples $150, families $200; After one year $2/month per life trailing. The commission schedule is more complicated but it's basically what I have listed above.
I'm struggling with this. This job is in California and I think the owner mostly sells BC/BS. I looked up the commission schedule for BC/BS and it appears that if I sell 400 individual lives in a year at an average yearly premium of $3000 there is alot of money on the table.
Thoughts...Thanks very much in advance to all!!!!
Email: [email protected]
