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Insurance is kinda like a massive MLM pyramid

Posted on: June 8, 2018 at 10:45:28 CT
Joeboo MU
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where all of the layers underneath you are just your previous years sales.

If I make 50K in sales in year 1, I get it again in year 2(assuming not too many leave/switch companies) but then I can add another 50K in new sales to that.

Then in year 2 you're looking at 100K base, add another 50K in new business...etc, etc. It snowballs quickly as long as

a) you can keep new business coming in

and

b) you can hold onto the people you have.

My problem at my old company was the B, our rates suck and we were captive to just the 1 company, I had no other options. We lost 10-15% of our clients every single year to attrition, which got old.
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MESSAGE THREAD

As of today, June 8th - Joeboo MU - 6/8 10:38:13
     Take your wife out for a nice dinner at Golden Corral - Grasslands MU - 6/8 11:18:30
     always happy to help(nm) - Doc Stone MU - 6/8 11:13:00
     youre working on the difference between assassination and - colonel angus beef KC - 6/8 11:12:59
     you are welcome (nm) - lqf2b8 MU - 6/8 10:53:13
          you should buy 2 more cars, and maybe a boat(nm) - Joeboo MU - 6/8 11:10:59
               would you insure a rental property? - lqf2b8 MU - 6/8 11:15:47
                    absolutely(nm) - Joeboo MU - 6/8 11:59:28
                         what if I had 20 rental properties? would you still be my - lqf2b8 MU - 6/8 12:01:48
                              I actually have more commercial companies than personal - Joeboo MU - 6/8 12:08:16
                                   You're starting to sound kind of like this - TigerJackSwartz MU - 6/8 12:15:31
                                        I can insure that tent(nm) - Joeboo MU - 6/8 12:20:32
               get yourself something real nice, like a Bentley - Joeboo MU - 6/8 11:11:23
               and a motorcycle(nm) - cnk ATL - 6/8 11:11:21
                    also an airplane(nm) - Joeboo MU - 6/8 11:11:42
                         and put in a pool at the house!(nm) - cnk ATL - 6/8 11:12:20
     Happy Hour On Joeboo!!(nm) - hefeweizen MU - 6/8 10:44:20
          RE: Happy Hour On Joeboo!!(nm) - colonel angus beef KC - 6/8 10:46:41
               dude on the left is strugglin'(nm) - cnk ATL - 6/8 10:47:53
                    i don't think so, he looks like he's enjoying being carried(nm) - MizzouAstro MU - 6/8 10:50:12
                         RE: i don't think so, he looks like he's enjoying being carried(nm) - Cosmo MU - 6/8 10:52:24
               1001(nm) - Joeboo MU - 6/8 10:47:42
     Isn't that the dream of insurance sales? - Domino MU - 6/8 10:42:30
          Insurance is kinda like a massive MLM pyramid - Joeboo MU - 6/8 10:45:28
               You'd think your old company would find those persistency - Domino MU - 6/8 10:48:38
                    that's pretty common in the captive insurance world - Joeboo MU - 6/8 10:50:33
                         True, I interned at State Farm back in college - Domino MU - 6/8 11:15:05
                              group benefits is a strange market - Joeboo MU - 6/8 12:19:47
     did you think you'd have this much success with your busines - cnk ATL - 6/8 10:41:23
          It's grown faster than I expected - Joeboo MU - 6/8 10:42:37
               that's fantastic, man. Congrats!(nm) - cnk ATL - 6/8 10:43:20
                    but know I have to deal with payroll taxes - Joeboo MU - 6/8 10:46:10
          Last year he made 18 dollars (nm) - TheWildcat STL - 6/8 10:42:06
               mo money mo money mo money(nm) - cnk ATL - 6/8 10:42:54
               bwahahaha(nm) - bactgr MU - 6/8 10:42:37
     I applied for a new job. (nm) - KCT-BoneTiger A - 6/8 10:41:04
          Ready to stop sucking off the government tit and make - TheWildcat STL - 6/8 10:41:38
     Today is my last day as a 30 year old(nm) - TheWildcat STL - 6/8 10:39:41
          1 year from 50(nm) - Diamond Dave MU - 6/8 10:50:12
               Happy early B Day Bro (nm) - TheWildcat STL - 6/8 10:50:44
                    You too! I probably won't be on here until Monday so - Diamond Dave MU - 6/8 10:51:15
          RE: Today is my last day as a 30 year old(nm) - MizzouAstro MU - 6/8 10:41:27
          your birthday is my wedding anniversary - Joeboo MU - 6/8 10:40:29
               That's the day that I learned that Mike Dixon was quite - TheWildcat STL - 6/8 10:41:01
                    did i tell you i saw them both at BWWs around that time? - MizzouAstro MU - 6/8 10:42:16
                         Was one my ex girlfriend?(nm) - TheWildcat STL - 6/8 10:43:39
                              from the few photos i saw on Facebook of her, there were - MizzouAstro MU - 6/8 10:44:16
                                   I doubt it was her. In September of that year she already - TheWildcat STL - 6/8 10:44:44
                                        from what little information I have - cnk ATL - 6/8 10:45:29
                                             Oh i think it would have. Especially when it was new (nm) - TheWildcat STL - 6/8 10:48:33
                         confirmed - MizzouAstro MU - 6/8 10:42:45
     **** yes!(nm) - cnk ATL - 6/8 10:38:42
          but honestly - Joeboo MU - 6/8 10:40:01
               I see no problem with that(nm) - Domino MU - 6/8 10:43:27
               that sounds pretty sweet(nm) - cnk ATL - 6/8 10:40:33
                    I'd have no problems with that at all - Joeboo MU - 6/8 10:41:14




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