When I started out selling in insurance, I never dreamed I would get to the level of income that I enjoy today. Businesses, compared to real estate, are illiquid and the valuations and the ultimate closing prices vary dramatically from business to business. In order to obtain income levels far beyond what most agents ever dream of, you must understand the power of leverage.
There are a lot of things to consider when starting your own insurance agency from scratch. For most agents, taxes are their biggest expense. It will ultimately reflect on the performance of the company and regular premium paying customers shall be sufferer due to increase in expense ratio of the company.
Most property Agents offer two separate services. Insurance agents are always put to tests when meeting with their prospects. Most people have heard of dual agency in the context of a real estate transaction and have some awareness of the issues surrounding dual agency.
Successful insurance agents build solid relationship with their customers and delight their customers with quality service. According to experts, this economic class of people makes up to 90 per cent of Nigeria’s are opportunities for agents to quickly become small-scale developers so that they can come into the core housing business.
This service resembles a loan and requires a positive credit score by the one who seeks to acquire it. If your credit score is not favorable you may wish to invite a business partner in on your plans otherwise you may be required to put up the entire $10,000 bond yourself.