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I'm quitting my job as a Marketing (Product and Branding)

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I'm quitting my job as a Marketing (Product and Branding) Executive in an ad agency to work as an Insurance Broker and have more time to work on my side business.

I have been working for 12 hours a day without overtime and I believe I will be earning more if I am to become a salesman. I also don't want to work in my current job anymore.

Redpill me on sales and is this a bad decision?
>>
I'm getting tired of an office job as well.
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>>2013422
Given that ad agencies pay like shit it's very likely that you'll make more

t. worked for an ad agency
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>>2013431
>Given that ad agencies pay like shit it's very likely that you'll make more


It's not like a typical ad agency. The specialty of the company is that it promotes its clients through creating notebooks, journals and planners. Pic kind of related. We also have in house planners.
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>>2013422
bumping to know more about being an Insurance agent
>>
Insurance broker here. It's not as easy at it seems. Life insurance can be good, commission for an agent the first year is usually 80-100%, then each year after it is like 1%. Health insurance because of Obamacare, is really crappy right now, even group sales is sucky.
Property & Casualty, it's good, but it's a lot of maintenance...and if there is ever a catastrophe, it's a lot of hours and effort to keep up with helping your clients...and then re-writing their policies.
If you work on your own, commission for auto/home is usually between 10 and 15% per policy. If you work under an agent, you get a portion of that.
Anyhow, you really only make money once you've created a book of business. The good thing is everyone has a need for insurance, bad thing is everyone is looking for the cheapest rate right now, not necessarily the best product.
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>>2014041
>Insurance broker here. It's not as easy at it seems. Life insurance can be good, commission for an agent the first year is usually 80-100%, then each year after it is like 1%.

So that means I need to always make a sale right?

>Health insurance because of Obamacare, is really crappy right now, even group sales is sucky.

I don't live in the US but yeah soon this country might also offer the same kind.

>Anyhow, you really only make money once you've created a book of business.

What do you mean? Should I create my own book?
>>
I'm an independent insurance broker and as long as you're not dealing with the headaches of health insurance right now, I could not recommend my career any higher.
You get back what you put into it. If you go out and pound the pavement and build a book of business, literally all you'll have to do is keep your clients happy and you'll have them for life.
You don't even need that big of a book of business to live comfortably, and the sky is literally the limit.
I highly recommend anything commission based, especially insurance.
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>>2014041
>bad thing is everyone is looking for the cheapest rate right now, not necessarily the best product
I focus on finding people with assets they want to protect. Go after middle-upper class clients. Those are the people you WANT as your clients.
The people who just want a piece of paper that says they have insurance, I send them to the geicos of the world. I don't want those kind of clients.
>>
>>2014058
>>Anyhow, you really only make money once you've created a book of business.
>What do you mean? Should I create my own book?

Yes. Go pound the pavemet, cold call people, and join a local entrepreneurs group. That's where you'll get most of your business. Go after other entrepreneurs, they not only have a lot of assets but they are always looking to protect them.
Those are your targets - the people with something worth protecting
>>
Oh and just know that if you go into property and casualty if a catastrophe strikes your life will be hell for about a few months.
But that's where you prove to your client your worth. If you can keep them happy even when they've lost everything, that's a client for life.
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>>2014190
>Yes. Go pound the pavemet, cold call people, and join a local entrepreneurs group.

Oh so that's what creating a book means.

>>2014190
>o after other entrepreneurs, they not only have a lot of assets but they are always looking to protect them.
>Those are your targets - the people with something worth protecting

>o after other entrepreneurs, they not only have a lot of assets but they are always looking to protect them.
>Those are your targets - the people with something worth protecting

Well I'll be selling health and life insurance to be specific. Does that mean I should go sell non-life insurance instead?
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>>2013422
Isnt insurance salesman a meme? I buy my insurance from usaa. And if your not a vet, geico or farmers is prety good. Isn't insurance pretty much a comodity atbthis point?
Thread posts: 13
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