Selling Insurance: Working with the Law of Large Numbers Ep212
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- Опубліковано 12 бер 2024
- In this electrifying episode of the Life Insurance Academy Podcast, we're diving deep into the mechanics behind insurance companies and unraveling the principles that not only fuel their success but can also empower you in your journey through the world of insurance. Join us as we sit down with the dynamic duo, Zach McElwain and Chris Ball, for a candid conversation that promises to enlighten, entertain, and educate.
Today's talk is all about the law of large numbers-a fundamental concept that not only drives the insurance industry but also applies directly to your career in selling insurance, growing your agency, and investing in yourself both financially and personally. Discover why insurance companies boast the largest buildings in cities and how they've become a powerhouse in creating millionaires across America.
Get ready to learn how applying the law of large numbers can transform your approach to lead investment, work ethic, and agency growth. We'll share actionable insights and real-life stories to illustrate how embracing this principle can lead to exponential growth in your insurance career. Whether you're just starting out or you're a seasoned pro looking to take your business to the next level, this episode is packed with valuable lessons that will help you navigate the complexities of the insurance landscape with confidence and success.
Don't miss out on this opportunity to gain a deeper understanding of what makes the insurance industry tick and how you can leverage these insights to achieve remarkable results in your own career. Tune in, get inspired, and start applying the law of large numbers to your insurance business today!
#LifeInsuranceAgent #LifeInsuranceSales #InsuranceAgent #InsuranceSales #InsuranceTraining
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About the Life Insurance Academy Podcast
The Life Insurance Academy Podcast is a Top-Ranked insurance-focused podcast with an expanding global audience of avid listeners. The weekly podcast takes you out of the classroom and into the conversations of top-producing agents in life insurance sales so you can level up your business. Subscribe wherever you listen to podcasts and follow us on Facebook, Twitter, and Instagram at @LifeInsureAcad.
About the Life Insurance Academy
The premier training and coaching academy & online resource for insurance sales. The Life Insurance Academy trains agents and agencies around the world to help grow sales, scale business, increase profit, and expand impact. While navigating through LifeInsuranceAcademy.org, you’ll find podcasts, video courses, downloadable tools, and supporting sales resources. Content covered includes prospecting, leads, how to approach your clients, proven sales processes, top-producing presentations, effective pricing strategies, closing techniques, client care, sales psychology, agency growth strategies, and much more.
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Really enjoying all your videos!!! VERY HELPFUL!!
🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
Love this ‼️‼️‼️ activity = profits
Facts about prime time i used it when i did cable sales and i would smoke the rest of the team just working prime time (~4:30 -9) I called it "happy hour"
I am new to insurance. I didn't pass my first test but I take it again next week. You talk about buying leads a lot. The company that I am going to work with said that I don't need to buy leads. I call off of my warm list. I would think eventually I would need more leads from somewhere. What is your thought on that?
Hi! I’ve been selling insurance through the use of buying leads. 1/3 of the leads are crap, 1/3 you have to chase and about 1/5 are ready to buy and won’t make you chase them. The trick is to buy enough leads to have lots of people to call. I have not sold to my warm market yet so I can’t help there.
I'm new as well. Everyone's warm market will respond differently. If you are watching your costs, I would try networking in person first. Try to get in front of as many people as possible and then make an effort to meet them outside of networking. Ultimately, I agree that it's about being busy getting to know people and sharing what you do because even if your client says yes it will likely still have to go through underwriting and you want your pipeline full. Hope this helps!
It depends on your business model, the support available to you and your comp levels by product. If you are an independent agent comps should generally range from 85-110% of annualized premium varying by product and production. This would allow for the weekly investment in leads.
Absolutely leave that company. You shouldn’t sell to your family and friends EVER
@@markvots405 why can't I sell to family and friends. They need insurance also. I already have some friends who want info.
First comment! Love you guys' content!❤
Hello Bro, could you create a new video teach us about Asset Structuring Concept using Traditional Whole Life Insurance during face to face meeting or phone call with the prospect ?
What about getting blocked from calling so much? Do you wait a few days to call again? What’s the right strategy not to get blocked before you can make contact.
Use my strategy called a "field visit"! In my experience this works ( sub rosa) 90% of the time. You can never make assumptions about telephone numbers !