How Much Will I Make in Year 1 Starting a New Insurance Agency?

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[colinmaddox]

I'm 24 as well. Just passed all my exams! Over here with State Farm out of Belgrade MT. Loving it!

[horizonagencysystems]

Great video. Chris I love your authenticity and the fact that you don't chest beat.

How much will I make....well, that's sort of a how long is a piece of string right...?

The first couple years are hard, I appreciate that you're straight forward with your audience on that.

I have agents ask me that question every day, and they often aren't sure what type of business they want to right. It makes answering the question difficult.

Commercial lines, especially large revenue accounts may take several years to close. Personal lines is a bit more commoditized but you need to stack one brick at a time in order to make a decent income.

Appreciate the content Chris!

[njoysuccessnow]

24 years old? Wow! You have decades of wisdom ahead of your time. You'll be fine.

[BigLowKuntry]

I’m a new subscriber! I’ve been thinking about starting my own agency. I don’t even know where to start

[Hugo__IV]

Your videos are gold!! Thank you for doing them.

[OneLightYearAway]

Congrats man! BTW we are appointment setting team. We can get you CONFIRMED appointments not just leads!

[theresawebb]

WOW ! You're in an awesome position to make your agency happen!

[rosamanzanares]

Chris, awesome videos. Easy to understand - Love that you are sharing all your mistake in the past to help us out. So my question is did you start as a Independent Agent when you first got your license?

[shermanehylton]

Thank you for the information I appreciate you, I am looking to start my own agency.

[ezeddie]

Hi Chris. Great content. Whatever your thoughts on starting as a Franchisee owner vs as an independent. 25k startup fee, monthly 10% royalties, no book of business. Avg 10-12 % on premiums. Fairly robust local marketing.

[couriouszen]

not sure where to start but hopefully i can be in the same boat as you

[angelamonique]

Thanks so much for “keeping it real”. I’m in the process of starting my own agency and I’d like to know is it good to join a cluster group?

[babyboy]

Chris, thanks for the inspiration. I’m in the process of transitioning into insurance at age 51. I’ve had a ton of other jobs & professions that range from being a professional actor doing television commercials, to high end retail sales, telemarketing, copywriting for advertising agencies, public relations work, even working in the medical field… All sorts of things. I’m excited to begin my career in the insurance business. I do have one question for you… I’m hoping you’ll answer. When just starting out do you recommend Life and Health or Property and Casualty? I feel much more drawn to the idea of life insurance because it’s some thing that I have strongly believe in and I also know there could be a lot of opportunity in Medicare these days but I’m curious about property and casualty as well. If you were just starting out which would you choose? Or did you choose?

I have also thought about going into real estate but it just seems so saturated and insurance seems like a highly underserved field where I can really help people. I love helping people, especially older folks.

I’m also in California, btw.

Keep up the great content, it’s very inspiring

[JuanSanchez-yyuu]

Thanks for your videos getting started this year

[tetolindimarco]

hey Chris, your videos are really really amazing, i am 16 and i was brainstorming ideas on how to make money and one of my ideas was make my own insurance company. i know starting with no experience is horrible and i am not planning on starting right now i just want to brainstorm for future. i was wondering, at the beginning you have to invest as much time as you can, but do you work part time or full time? thank you and i am going to start saving up to take the course you have available.

[t.g.]

What about your advertising and market exposure strategy? Video please! Really enjoy your videos. Have a 4-40 CSR Personal Lines insurance license with experience in FL. My aunt has a 2-20 All Lines license with experience in FL and we're thinking about starting our agency!! ❤

[belindamartinez]

I appreciate your response. Thank you!

[tonyh]

I didn’t know that you were forced to pay yourself to maintain compliance. I thought a single member LLC could keep everything in the LLC. Do you pay yourself hourly or a chunk of each sale?

[dawitl]

Great information. ! thanks. Do I need to be sponsored by insurance company to get a new insurance agency business.?

[WeSRT]

Chris, I've noticed that you're using Mac for your insurance business. I had heard that windows was kind of necessary for insurance systems. Is this not true?