Following our process and system, along with your own style, you could expect to make $100,000 to $125,000 in your second year. In your third year and beyond, you could make $200,000+.
All of this after lead cost and chargebacks (policies that fall off the books in the first year), how much you make is dependent on how much effort and time you are willing to put in.
This is an average, depending on contract level and companies; some are more, some are less.
- Renewals for 2-5 years are 6%-9%
- Renewals for 6 -10 years are four percent 4%-7%
- Renewals for 11+ years .25%-1%
Commission maximum 75% advance, all products and all companies.
Commissions/Compensation assumes that the policy stays in force. A lapsed or canceled policy will no longer pay commissions.
How successful do you want to be? Some people starting a new business work seven (7) days a week/80 hours per week.
Generally speaking, 4-6 days a week, 40-60 hours per week.
It's your business. You work it as you need to.