Originally Posted by sman
Comparing Uber to being a realtor, running a construction company or selling insurance is a terrible comparison. I've never done Uber, but from what I understand you sign up and have customers sent to you based on availability and proximity to the person needing the ride.
In real estate, running a construction business or selling insurance, the customers don't come to you. You've got to generate them on your own whether that's through referrals, DM, telemarketing or knocking doors. If you are gauging your potential success in insurance based on what it took to be successful with Uber, you might be in for a rude awakening.
What you should be doing is being very honest with yourself as to why you weren't successful in the other two sales jobs. Once you know for certain the reason(s) why, if you can't change that in insurance then you shouldn't waste your time in this business. It all boils down to talking to enough people who have a need for what you offer. If you can't make that happen, then pick a different career.
You started asking some questions on this subject one month ago. How many policies have you sold in that time?
I'm not licensed. I had to get my "stuff done".
this month September I'll take the test.
I did pay off my car two times over doing Uber in 6 months. I used the money I made churning credit cards to buy my car for Uber. Some people get 72 month car loans. I paid mine off in 3 months. You would think Uber is easy. In my market I found it challenging to make decent money. If you do Uber wrong can be dangerous & waste your time & actually lose money. I bought car back in November 2016. 2000 or newer used to be required year. Uber changed to 2007 in my market. In May 2017 I couldn't drive anymore with my 2005. 2016 I made $9.66/hour net. which translates to about $11.50 at McDonald's because of tax advantages. In 2017 I was able to make $20+/hour driving when bars closed with surge pricing on Friday /Saturday about $400 a week gross. Had 1 puker in car & 2 out the door. Had one pax been shot two nights earlier. I drove drunk/high 21 yr old girls. & i had no dash cam with audio. dumb on my part. I could buy a newer car. Driving Uber was kind of fun. Although I was frustrated at beginning because I thought I'd be making $20/hr from start. once my expectations were more in line I had some patience & learned how & when I could get $20/hour. Also eventually I had faith that Uber would work. I did alot of research on driving for Uber. IMO
the research paid off. Although wish I would have anticipated multi billion $ company would jump from 2000 to 2007 year model. Had less than 6 months notice. i bought my 2005 Prius to drive Uber. Figure same will happen with gov & med supps eventually.
Uber on getting customers is much different. Having faith, patience, & managing expectations I feel will be good for insurance also.
Then I took 15 day 30 hour roadtrip out to Vegas via Yellowstone. Then I took another Vegas trip. Spent week in FL for Dad's 72nd. So it's been pretty good year.
Although probably didn't get "my stuff" done as much as I'd like.
I've failed at alot.
20 years ago Cancer insurance D2D. I didn't generate leads. Unrealistic expectations. I lasted about a week. Needed money.
Realtor 2008 fail. I Didn't generate leads/prospects. I ran out of cash.
Real Estate investor. Living in my "flip" for 10 years now. Although been good investment. dogs love it. get good boarder income.
Construction FAIL. government sponsored lead abatement. Put myself in right spot Others were nmaking $500k that summer. I was arrogant/unrealistic about my skills doing construction. & one guy i paid for his training & he knew construction left because government delayed start. I didn't have enough cash to pay him to stick around.
I work at a casino dealing cards. Very flexible with my schedule. out of sight out of mind when I'm not working. I was arrogant & thought how hard can it be to count to 21? after 120 hours of class I still had tons to learn once I started dealing for real.
I've been in doing Project Management @State Farm & Caterpillar. I don't like working 7:30 to 4:30 for someone else where they pay for 40 & expect 50.
Used to churn credit cards for about $30/hour. Then Kroger stopped taking pin enabled visa gift cards to buy money orders. Still get some CC bonuses. I still get occasional bank bonus. I got a $200 bank bonus two days ago I didn't expect to get.
I'm currently consider myself happy & successful. Do I want to strive for more? of course.
How many policies have I written 0. How much have I spent on insurance about $400-600 depending on counting my One Vegas trip to visit couple agents. I did even buy dinner one night so I'm writing that off on my taxes
I've spent some time on this forum starting late December 2016. Then took some time. Now 'my stuff' is done. time to get serious about insurance stuff.
I think I have enough cash flow/resources.
I think I have enough time to dedicate.
I think I have enough patience.
I think I have enough faith.
I feel like I will be successful as an insurance agent. overnight success. not likely. 5 year mediocre producer probably. Which is success to me. Something eventually will change like government & med supps then I'll adapt & overcome. I enjoy the different ways of I've tried to make money. I hope I can get lots of money to lend some through kiva. & spend $10k on World series of poker. Then go out & overthink another way to make money
Appreciate other thoughts on how to be more successful? other than stop paralysis analysis!
entrep = aspiring entrepreneur