You might even call us a secret weapon of the successful insurance agent! If you’ve ever considered the steps to becoming an insurance agent, you’ve likely been exposed to these common misunderstandings and misconceptions about selling insurance. Passion . About 15.5% of calls are answered between 10 and 11 a.m., which makes that hour the best time to make sales calls. Looking For A Financial Advisor Internship? Becoming a successful insurance agent isn’t “easy” or “quick.” These people act deliberately to maintain a high level of performance. Characteristics that not only show up in their work ethic, but also in their personal lives, too. Life Insurance Leads - Should You Buy Them? Here Are 10 Things You Should Know... How Hard Is The CFP® Exam? Most insurance agents fail because they had unrealistic expectations and expected too much too soon. It’s the missing ingredients people haven’t told you about selling insurance. … (My Answer May Surprise You...), Will Financial Advisors Become Obsolete? The first potential clients that agents are taught to reach out to would normally be their family members and close friends. Insurance is too complex. There are several high-paying careers in the insurance industry that make an annual median salary greater than $50,000, according to the U.S. Bureau of Labor Statistics (BLS) for 2018. If YES, here are top 10 reasons why insurance agents or brokers fail. Perhaps the most important personality trait for any successful insurance agent is passion. Selling an insurance is always hard, I think one of the hardest jobs in the world. If you’re already cold calling on a regular basis, but not finding much success, then it’s time to use a tool like CallLogic. Their entrepreneurial spirits, in combination with the desire to truly make an impact, are the driving forces behind the ability to grow and nurture long-term relationships with clients. Insurance agents also find new clients through referrals by current clients. The success rate of insurance agents is largely determined by how driven the agent is. Insurance Sales Agents made a median salary of $50,600 in 2018. Discipline is the difference between failure and success. There’s a point in every insurance agents’ career where they cross the threshold of “success.” Depending on how you define success, that could mean different things. One critical success factor for the insurance industry as a whole and particularly for individual insurance companies, is the need to update the way that business is conducted. Success is directly related to how many people you talk to. 2. And for insurance agents and brokers, the potential for success is particularly huge. M-F: 8:30AM - 7PM [EST] Professionals who solve real problems for people who want personal service and expertise. (Plus 5 Of My Favorite Tips To Help You Pass), 10 Insurance Marketing Tips, Ideas, and Strategies (That Actually Work), How to Become a Financial Advisor In 5 (Not So Easy) Steps, How To Make Six Figures As A Financial Advisor, 11 Lucrative Cold Calling Tips for Financial Advisors, 10 Things I Wish All Entry Level Financial Advisors Knew, 6 Video Marketing Tips for Financial Advisors: Why Video Marketing Is So Powerful, 7 Reasons Why Most Financial Advisor Sales Training Completely Fails. But not for the successful insurance agent. The list could go on for quite some time. Top-level insurance agents have an obsession for solving their clients’ problems. Use old-fashioned prospecting techniques with modern tools. Incredibly easy for professionals to plan, execute, and review outbound call campaigns is particularly huge some time dozen. 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