Franchises are not needed and the long term fees are very excessive. Agency networks provide a significantly better value. Brightway is not a brand name to consumers like McDonald’s is and probably does not create additional value. The best option is to open up an agency under a name of your choice and secure a membership in an agency network group. They provide carrier appointments in your name and many offer additional supporting services. Some return 100% new and commissions back to you for a nominal monthly fee.
Not to mention market access via your state’s agent associations. A startup is hard, but even harder if you have to pony up $5,000 plus normal startup costs PLUS give away 50% of your commission.
I can’t believe there are people that pay these kind of fees to open an insurance agency. It’s hard to make it getting 100% new and renewal commissions. But, as the saying goes, there is a sucker born everyday.
Franchises are not needed and the long term fees are very excessive. Agency networks provide a significantly better value. Brightway is not a brand name to consumers like McDonald’s is and probably does not create additional value. The best option is to open up an agency under a name of your choice and secure a membership in an agency network group. They provide carrier appointments in your name and many offer additional supporting services. Some return 100% new and commissions back to you for a nominal monthly fee.
Not to mention market access via your state’s agent associations. A startup is hard, but even harder if you have to pony up $5,000 plus normal startup costs PLUS give away 50% of your commission.
I can’t believe there are people that pay these kind of fees to open an insurance agency. It’s hard to make it getting 100% new and renewal commissions. But, as the saying goes, there is a sucker born everyday.