3 Things to Consider Before Opening an Agency
Starting your journey as an independent insurance agent can be a little scary. While the process is very straightforward, it takes a lot of determination and skill to make a business successful. If you are worried, here are a few questions you can ask yourself to put your mind at ease.
How Much Do I Know about Insurance Sales?
It isn’t uncommon for new agents to know little about insurance, business, and sales. Because many are new to the industry, they don’t know everything about insurance sales. The good news is that if you feel your knowledge is lacking, you can study and prepare yourself.
Before you open your agency, you should study insurance policies and services. In addition to learning about what you are selling, you should refresh your knowledge of business basics. Write out a resource list and include it in your business plan. That way, if you didn’t study something or don’t know the answer, you will know where to look.
Am I Committed Enough to Be Independent?
Working independently can be a challenge, especially for those who are used to working in a typical 9 to 5 job. This can make some people nervous. If you feel you might not be ready to work alone, start small. Develop a strict routine and build yourself an office space. If you can, study for a few set hours in your office each day. This can help put your mind at ease and get you in the habit of being productive without direction.
Will I Be able to Balance Life and Work?
Everyone has trouble adjusting to a new career path. If you find yourself struggling to schedule everything, it could be a sign that you are taking on too much work. Many new independent agents hire assistants to help keep them on track, especially during the first few weeks of opening the agency.
Support for Independent Agents
At Affordable American Insurance, we want all of our independent agents to feel like they are ready for success. Contact us today to learn more tips for new independent insurance agents.