First steps to start Insurance Brokerage.
What would you do if you were opening your company today? http://bit.ly/3vvc0Pg
If you just opened a company what would you do?
So this tip is for you and for everyone else who is in this even before that you don't know how to understand this we've already talked a lot about entrepreneurship management, mission, vision, values, but if you've just opened a company you know you need to invoice, earn money, survive until tomorrow.
Invoicing to earn insurance money Of course, if my goal is to sell insurance between today and tomorrow, how do I do it? To be able to sell today and tomorrow what is to guarantee that I have?
The first piece of advice I'm going to tell you is the following if you need to generate revenue as quickly as possible, you need to create recurring revenue, the first thing you will do is balance the sales funnel.
what is funnel? Funnel is closing insurance talking to several people.
For example, you have good prices and customer service and you talk to several people and manage to close a third, your conversion is 33%
That is, I need to go to be able to take out insurance only today is one day I need to have three people for each of these 30 days so if you want to take out insurance a day talking you need to have one person for each day three people each day of the month equals 90.
People, you did it, but if you have 90 people, you need to do this over the course of a year and remember, in a year you have 12 months and vice versa will have 90 times what will be 1080.
If three people have insurance, three of which can be used over the course of a year, if you take away the weekends, that number will be a little better, it will drop from 900 800 and a little but more or less that's it, that is if I want to take out insurance today and remembering that this is just a focus of a Product, another you need to create a strategy for a product.
Then you take out insurance Today you need people who have insurance or are hired without insurance who already have a car for example to talk about car insurance so it doesn't fit 80 people it has to be 1,080 people who have insurance.
Imagine that every two people say one has insurance and the other doesn't I'm not talking 2,160 people so if you want to sell auto insurance you could you need to know talk catalog register two people if you finish reading this article you'd get up and run out that started picking up your phone calls everyone, going to make visits You have a goal you have to register the highest possible salary number, imaginable from all the people you know this is the first step if a broker I would do it later I will think in diversifying.
First, I need a registration and a base. If you don't have a base, you have nothing.
And an excellent start for you if you want to know more about this if you have already gone through this phase enter the second phase which is the sales channels phase of establishing business counters you define trophy actions you research but for the people who are already at the top because they already have the correct solution.
Just like any other business, opening an insurance brokerage requires market research and strategy definition. However, there are some specific points in the insurance market that entrepreneurs should pay attention to,
Business plan: http://bit.ly/3vvc0Pg
The business plan is one of the most decisive resources for the enterprise, and should be done in the research and preparation phase. It must contemplate the investment situation and its relationship with market shares.
The planning must be prepared in an objective and realistic way, with the purpose of verifying the best financial contribution for the brokerage firm.
Strategic planning: http://bit.ly/3vvc0Pg
The planning consists of combining the evaluation of services, specific knowledge of the market and the action of the brokerage firm. It must be done by also analyzing the challenges that may appear, thus reconciling the business actions with the needs that are involved in the demands of the customers.
Some important factors you need to define to open an insurance brokerage are:
the lines of insurance you will sell;
the insurers you will deal with;
the market (customer group) you intend to reach;
what will be your way of acting (what are your differentials in relation to competitors).
A good source of information to define these factors is the Socioeconomic Study of Brokerage Firms.
Mobile Apps for Insurance Agents and Top Performing Brokers : http://bit.ly/3vvc0Pg