new biz

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scuba's picture
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Joined: 2007-12-21

hi folks
 
 great site
 
i am thinking of becoming a FA in the new year and have a question on commison. if you are self employed and you dont charge fees how are inital and trailer commissions calculated
 
thanks
 
 
scuba

charlie_broker's picture
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Joined: 2007-09-15

icecold, I like the way you think especially after reading how you handle clients. 
 
if you do "right" by the uncle, when he sends you a referral, they are going to be pre-disposed to trust you.  
 
ALL:
Stay tuned to learn more about careers via www.justcareerchat.com (under construc but should be up in near future" maybe Feb):  FA's, feel free to post there who can offer helpful/constructive info re: this re: career field although the site will cover all career fields (even morticians).  :-)
HNY!

troll's picture
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Joined: 2004-11-29

scuba wrote:hi folks
 
 great site
 
i am thinking of becoming a FA in the new year and have a question on commison. if you are self employed and you dont charge fees how are inital and trailer commissions calculated
 
thanks
 
 
scubaNowadays most folks use computers to calculate them.

troll's picture
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Joined: 2004-11-29

scuba wrote:hi folks
 
 great site
 
i am thinking of becoming a FA in the new year and have a question on commison. if you are self employed and you dont charge fees how are inital and trailer commissions calculated
 
thanks
 
 
scuba
 
You are asking the wrong question.
 
You should be asking questions like:  How can I help a lot of people and get them to buy SOMETHING from me so I will get paid?
 
No signatures = no income, no matter HOW the commissions are calculated.

scuba's picture
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Joined: 2007-12-21

skippy wrote:scuba wrote:hi folks
 
 great site
 
i am thinking of becoming a FA in the new year and have a question on commison. if you are self employed and you dont charge fees how are inital and trailer commissions calculated
 
thanks
 
 
scuba
 
You are asking the wrong question.
 
You should be asking questions like:  How can I help a lot of people and get them to buy SOMETHING from me so I will get paid?
 
No signatures = no income, no matter HOW the commissions are calculated.
 

i better expand on the question i asked i while back. i am a broker in the uk and have sold my business. i will be moving to boston in jan and plan to setup on my own once i have all the necessary exams fully completed. i would like to know if commsions in the us are calclated the same as in the uk  i.e upfront commsion paid by insurance company for new biz followd by a yearly renewal for the life of the policy assuming that your not charging a fee.

Gaddock's picture
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Joined: 2007-02-23

scuba wrote:hi folks
 
 great site
 
i am thinking of becoming a FA in the new year and have a question on commison. if you are self employed and you dont charge fees how are inital and trailer commissions calculated
 
thanks
 
 
scuba
 
This should do it for you   http://catalog.teachingsupplystore.com/10_row_abacus-p-40501.html?gclid=COW_jbyE0ZACFQINPAodMkRcWw

scuba's picture
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Joined: 2007-12-21

Gaddock wrote:scuba wrote:hi folks
 
 great site
 
i am thinking of becoming a FA in the new year and have a question on commison. if you are self employed and you dont charge fees how are inital and trailer commissions calculated
 
thanks
 
 
scuba
 
This should do it for you   http://catalog.teachingsupplystore.com/10_row_abacus-p-40501.html?gclid=COW_jbyE0ZACFQINPAodMkRcWw
 

troll's picture
Offline
Joined: 2004-11-29

scuba wrote:skippy wrote:scuba wrote:hi folks
 
 great site
 
i am thinking of becoming a FA in the new year and have a question on commison. if you are self employed and you dont charge fees how are inital and trailer commissions calculated
 
thanks
 
 
scuba
 
You are asking the wrong question.
 
You should be asking questions like:  How can I help a lot of people and get them to buy SOMETHING from me so I will get paid?
 
No signatures = no income, no matter HOW the commissions are calculated.
 

i better expand on the question i asked i while back. i am a broker in the uk and have sold my business. i will be moving to boston in jan and plan to setup on my own once i have all the necessary exams fully completed. i would like to know if commsions in the us are calclated the same as in the uk  i.e upfront commsion paid by insurance company for new biz followd by a yearly renewal for the life of the policy assuming that your not charging a fee.Generally the answer would be 'yes'.

scuba's picture
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Joined: 2007-12-21

 
 
thanks joe
 
best of luck for the new year

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