Bizymoms
  Back to Bizymoms Home Page
 

The World of Finance with a Financial Services Business Opportunity

Offering financial services is a great business opportunity for anyone who loves to deal with numbers and people. This section details what business opportunities are all about, what is expected from a business owner and the different options that are available. Read about the opportunities that exist and decide if business in the financial field is right for you.

 Beauty Franchise

Financial Services listings by category are now available on Bizymoms.com!
Make us your homepage
Invite your friends
Google
Browse by Category
Back to home page

Insurance Franchise Opportunities: Insurance Franchise Opportunities - Are They Right For You?

This article gives details about the insurance franchise opportunities to enable you to decide whether it is right for you!
Featured Advertisers
See Your Featured Ad Here
Click here to see your ad on this page! Or Find other advertising options.
Become a KinderSigns Instructor
No Royalties. Certification, Marketing Tools, Hand Outs & Curriculum
Looking for a work at home JOB?
FREE and Legitimate Work at Home Resources. Work PT. or FT.
Event Planner Career Kit is Live!
Sign up for our Event Planner newsletter to Learn More about this!
Insurance Franchise Opportunities - Are they right for you?
If you want to make use of insurance franchise opportunities' the first thing that you will have to decide is whether you want to operate as an independent insurer or as a captive agent. Some of the most famous captives include Allstate' Farmers and Nationwide. Captives generally only sell a particular type of insurance. It has its advantages as well as its disadvantages so it would be a good idea to find oot details. A number of states require that an insurance company sponsor your license application' so getting hold of a company is a great way to start. A casualty and property license is generally what states require for you to start and enables you to sell homeowners and auto type policies (the law varies from state to state). It would be a good idea to get some more licenses such as health and accident and even investment type licenses (such as Series 6 and 63).

For both choices of insurance franchise opportunities' a number of agents would first work part time to get training' licensing' experience' and then start to build a big client base. If you own a business of your own' then your income would be the commission itself. Generally' you will be paid for every policy you sell and every time it is renewed. In some areas' a sale of 20 – 30 policies every month is considered as a good figure for new agents. This could get you somewhere around $2'000 - $3'000 depending on what policies you sell. Once you have paid off your expenses' the income could be overwhelmingly small when you start. Once your book of business grows' the income from renewal of policies should really supplement your income.

Quite obviously' you would need to acquire more information before you jump into an insurance franchise opportunity.. What is recommended is a lot of research before you start an insurance franchise. Read some books. The bigger companies have offices where they will provide details about employment with them. The agent from whom you have bought your insurance would be willing to tell you about his experience. You can also get a lot of information online.

Another option you can avail of is buying out an existing insurance franchise. To purchase it' you would generally have to pay twice the amount of annual earning. As an example' if the franchise has about 1'000 policies which get them $100'000 every year' you would be expected to pay at least $200'000. You can get such purchases financed. This will entail you having to make a down payment of at least 10%.Insurance is a very good business but you should not think' for a moment' that it is an easy business! You might lose some money in the initial period when too many claims come in but' over time' these will all smooth out.
Financial Services Franchise and Business Opportunity Guide
Business Opportunity
Home | Customer Care | Advertising | Help | Sitemap
Copyright © 1997 Bizymoms™. All rights reserved. Please view our Privacy Policy & Content Disclaimer