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Insurance lead programs can cost thousands of dollars a month. Higher Sales Conversion: Friends and family buy more often than purchased insurance leads or cold-calling.And anyone who has experience knocking on doors will tell you it is brutal at times. Traditional no-cost prospecting systems require you to approach residences and businesses cold. Here are some of the benefits of the Project 100: These connections become your pool of prospects to meet with and discuss opportunities to help with insurance-based planning. Project 100 involves you meeting with your manager and devising a list of as many friends, family members, and former business associates.
#BAMBOO PHP HOW TO#
While PHP agency does not offer life insurance leads for sale, they do teach you how to develop your own leads from your sphere of influence using what’s called the “Project 100” method. How Important Is Recruiting With The PHP Agency? Maybe you don’t.īut there are some agents who just flat out don’t want to recruit and just want to sell. The issue is with the culture of the company.Īgents who express concern in the culture of an insurance organization are concerned that the organization may place too much importance on recruiting, instead of training competent and effective insurance agents. When I consult with insurance agents about their multi-level marketing concerns, their issue isn’t necessarily the structure of the company…
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With enough consistently-producing agents, having a downline is a very lucrative opportunity. Producers in your downline allow you to make what’s called an override, which is a percentage of each sale the agent closes. The entire insurance business is structured on a hierarchical basis, much like a traditional multi-level marketing company looks like. Now, let me review the question of the MLM structure of the People Helping People Agency. In fact, PHP is a legitimate financial services company helping hundreds of thousands of people across the country. Is the People Helping People agency a scam?īottom line, despite its multi-level marketing hierarchy (I’ll talk more about this briefly), People Helping People is definitely not a scam. One thing that many brand new agents worry about is whether or not their insurance sales opportunity is a scam, pyramid scheme, or oriented towards a multi-level marketing (MLM) culture instead of a traditional work environment.įirst, I’ll address the thought some of you might have…