Brandon Bowsky
👤 SpeakerAppearances Over Time
Podcast Appearances
And it's easy to make money, too. Don't get me wrong. If you have a good plan, it's easy to make money once you know how to make money. But when you're learning how to make money and you might have just lucked into some and you start blowing it, recipe for disaster.
And it's easy to make money, too. Don't get me wrong. If you have a good plan, it's easy to make money once you know how to make money. But when you're learning how to make money and you might have just lucked into some and you start blowing it, recipe for disaster.
Yep.
Yep.
Man, well, it teaches you how to prepare for rejection very well and how to get accustomed to it because a lot of the time when you sell insurance, you're either knocking on doors, meeting people face to face, or you're making phone calls. So it's like the Not a lot of people sell digitally and it's just not scalable.
Man, well, it teaches you how to prepare for rejection very well and how to get accustomed to it because a lot of the time when you sell insurance, you're either knocking on doors, meeting people face to face, or you're making phone calls. So it's like the Not a lot of people sell digitally and it's just not scalable.
People don't want insurance until you explain to them why they need it typically, or they know that they need it and they come to you to get it. And it's a matter of, are you cheaper? Are you more personable? Why should they buy from you, et cetera? I think it's a really good opportunity because one, it makes a lot of money. Insurance is a great business. Like it makes money.
People don't want insurance until you explain to them why they need it typically, or they know that they need it and they come to you to get it. And it's a matter of, are you cheaper? Are you more personable? Why should they buy from you, et cetera? I think it's a really good opportunity because one, it makes a lot of money. Insurance is a great business. Like it makes money.
It's been around for a long time. It's a proven model and it's all based on actuarial data. So you have a plan and you have loss ratios and you know exactly what it costs for you to fulfill that plan. So maybe it's, you know, 50 cents on the dollar, maybe it's 80 cents on the dollar plus plus.
It's been around for a long time. It's a proven model and it's all based on actuarial data. So you have a plan and you have loss ratios and you know exactly what it costs for you to fulfill that plan. So maybe it's, you know, 50 cents on the dollar, maybe it's 80 cents on the dollar plus plus.
And you know that that margin there exists for either the company to make money, the agent to get paid or whatever the situation might be. And there could be upsells, cross sells, all those things. That's for the carriers to worry about. For a salesperson though, it's a tremendous way to make a lot of money.
And you know that that margin there exists for either the company to make money, the agent to get paid or whatever the situation might be. And there could be upsells, cross sells, all those things. That's for the carriers to worry about. For a salesperson though, it's a tremendous way to make a lot of money.
Because let's say you're doing life insurance, you sold one person a policy a day, and you took a standard advance, and let's say you service the customers and they pay off, you could make $1,000 a day. A day? A day. Just selling one person, one family, a life insurance policy.
Because let's say you're doing life insurance, you sold one person a policy a day, and you took a standard advance, and let's say you service the customers and they pay off, you could make $1,000 a day. A day? A day. Just selling one person, one family, a life insurance policy.
And I'm not even a life insurance guy. I'm a health insurance guy. You could do the same thing in Medicare where the LTVs are around $1,200, and you could sell a person, have $300 in client acquisition cost, and you're the one selling, you're the one servicing. You could also make $1,000 a day there.
And I'm not even a life insurance guy. I'm a health insurance guy. You could do the same thing in Medicare where the LTVs are around $1,200, and you could sell a person, have $300 in client acquisition cost, and you're the one selling, you're the one servicing. You could also make $1,000 a day there.
But instead of advancing it, it's realized over time in small little chunks of $30 bonuses here, there, et cetera. In health, though, the reason why I liked health and why I told people to get into health, now it's very seasonal because the American Rescue Plan Act, Inflation Reduction Act stuff that made it all year round is coming to a close at the end of this year.
But instead of advancing it, it's realized over time in small little chunks of $30 bonuses here, there, et cetera. In health, though, the reason why I liked health and why I told people to get into health, now it's very seasonal because the American Rescue Plan Act, Inflation Reduction Act stuff that made it all year round is coming to a close at the end of this year.
But even as a seasonal business, you can work for three months and make enough money to live for the entire year and try all the things you want to try. Because let's say you can enroll 10 people a day, which is not a hard thing to do, by the way. The average guy can do that, any average Joe. You enroll 10 people a day, and it's not sales. Everybody needs health insurance.
But even as a seasonal business, you can work for three months and make enough money to live for the entire year and try all the things you want to try. Because let's say you can enroll 10 people a day, which is not a hard thing to do, by the way. The average guy can do that, any average Joe. You enroll 10 people a day, and it's not sales. Everybody needs health insurance.