Timothy Schucker breaks down how to hit $100k selling insurance in year one. You need 260 policies at $600 average with a 70% retention rate and 8% close rate. The math works if you generate your own leads for $2 instead of buying them at $25.
How you can make six figures your first year selling insurance let's assume 70% of the business you write stays on the book. Assuming the Average policy is $600, you need 260 policies to write six figures after chargement. Average closing percentage is 8%. So to write 260 policies, you need 3,250 leads. That's about 65 leads a week. Here's the thing, though. If you're paying $25 a lead, the industry average, you're only left with $27,950 after expenses. But if you generate your own leads for $2 each, you're left with $102,700 in profit. So the key to making six figures your first year is generating your own leads for a low price. Click the subscribe button down below if you want to learn how to generate your own leads for under $2 a piece of.
