Search found 64 matches

by Rainmaker
Sat Dec 18, 2010 10:14 pm
Forum: Opinions
Topic: Purchasing X-Date Data
Replies: 25
Views: 112945

Re: Purchasing X-Date Data

You may also wish to consult Insurance Marketing Pros or Rich's Business Directories.

Good luck!
by Rainmaker
Mon Nov 08, 2010 9:50 pm
Forum: Opinions
Topic: Commission Splits
Replies: 10
Views: 10487

Re: Commission Splits

First and foremost I encourage you to scope the relationship with the other broker. Specifically, what will be your roles, how will you work together, how long will the commission split/fee be paid, how much, and what rights do you have if the broker sells his business to someone who may not want to...
by Rainmaker
Mon Nov 08, 2010 9:41 pm
Forum: Opinions
Topic: Average premium volume
Replies: 4
Views: 11683

Re: Average premium volume

I would agree. In Tier 3 markets - such as the one you are in currently, the average tends to be about $1M of premium written per year, or approximately $75K to $100k of new business commissions written. Tier 3 markets tend to have higher than average retention than Tier 1 or Tier 2 markets so you'l...
by Rainmaker
Fri Oct 08, 2010 4:14 pm
Forum: Opinions
Topic: What will it take to Sell?
Replies: 6
Views: 6821

Re: What will it take to Sell?

Hm, interesting comments. Regarding 'over estimating the effects of the recession' I am only stating what we are seeing. No estimate involved (be it over or under) - statement/characterization of what we are seeing across the country. On the next comment - very insightful and points to an issue that...
by Rainmaker
Fri Oct 08, 2010 4:06 pm
Forum: Opinions
Topic: Direct mail
Replies: 16
Views: 18083

Re: Direct mail

I would recommend the following in order of ROI: 1) LinkedIn AdWords 2) IContact or Constant Contact e-blast engine 3) center of influence or strategic alliance partnership lead generation 4) Forum posts on services where your buyers congregate 5) Speaking events where your buyers congregate 6) Dire...
by Rainmaker
Fri Oct 08, 2010 3:57 pm
Forum: Opinions
Topic: Producer commissions
Replies: 6
Views: 14082

Re: Producer commissions

Okie dokie - so here will be a somewhat controversial post on this issue but nevertheless represent my best faith attempt to answer this very important question. First the distribution channel must be identified, i.e., 1) global, 2) national, 3) regional, 4) agency, 5) sole proprietorship. Second, t...
by Rainmaker
Mon Sep 13, 2010 8:23 pm
Forum: Opinions
Topic: PEOs in California
Replies: 3
Views: 2811

Re: PEOs in California

To your question about: "How is the growth rate of small businesses (that are still alive) switching to outsourcing to a PEO like Barett going? Thank you." Not a clue - perhaps better to ask Barett! My only comment about PEO's is that there is a very good case to be made for small start-up...
by Rainmaker
Mon Sep 13, 2010 2:58 pm
Forum: Opinions
Topic: Social Media
Replies: 40
Views: 41382

Re: Social Media

Well, forgive me but nothing against facebook, and twitter and all that, but - let's face it those are personal social media platforms. LinkedIn is dedicated exclusively to professional networking. We encourage our clients to build robust LinkedIn profiles, develop polls, join groups, post updates, ...
by Rainmaker
Mon Sep 13, 2010 2:37 pm
Forum: Opinions
Topic: Consultants
Replies: 5
Views: 5308

Re: Consultants

Sure I have a response: THANK YOU 'oldschool' for asking such brilliant questions! Perfect, flawless....way to go. All critical facets to consider. I would like to add an addendum to my earlier post on this issue, as it relates to brokers 'preparing for' or better yet .... successfully dealing with ...
by Rainmaker
Fri Sep 10, 2010 5:43 pm
Forum: Opinions
Topic: Selling life insurance with no experience
Replies: 15
Views: 227776

Re: Selling life insurance with no experience

I think Wayne Lunday's advice is excellent if you are actually intending to make a career switch away from P/C to life insurance. I myself attended LUTC courses 20+ years ago and LOVED them - great format, great everything. In fact, some elements of our producer coaching program's model adopts the c...
by Rainmaker
Fri Sep 10, 2010 5:29 pm
Forum: Opinions
Topic: Consultants
Replies: 5
Views: 5308

Re: Consultants

Okay here we go! This is not new - the industry has seen periodic 'waves' over the years of consultants approaching clients promising all sorts of things, ie promising audits, promising renewal negotiations, promising all sorts of things that all fall within the scope of services that brokers perfor...
by Rainmaker
Fri Sep 10, 2010 5:16 pm
Forum: Opinions
Topic: Conflict of Interest
Replies: 13
Views: 16138

Re: Conflict of Interest

I agree with all the posts on this question - this is a very, very slippery slope and would recommend avoiding it altogether. The larger issue appears to be that there seems to be an issue/dissatisfaction/something that is motivating the contemplation of this potential course of action - which in my...
by Rainmaker
Sat Aug 21, 2010 10:37 am
Forum: Opinions
Topic: Value Added Services- Fee Based
Replies: 2
Views: 2673

Re: Value Added Services- Fee Based

We can offer a lot of guidance, templates, tools and client specific cash flow templates that can help you determine the best path for you on this subject. Feel free to contact us if you are interested in learning more.

Cheers
by Rainmaker
Sat Aug 21, 2010 10:20 am
Forum: Opinions
Topic: What will it take to Sell?
Replies: 6
Views: 6821

Re: What will it take to Sell?

As you will see from the M&A tombstones listed on many firm's sites you will see year over year that this activity is down about 42%. I agree with the posts that the soft market and the corresponding topline compression being experienced by many agency owners, who are seeking the highest price p...