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Moderator:
Realistically speaking, we can estimate that 1 in 10 agents will be successful. I would also like to note that 9 of 10 business of any kind have a good chance of failing. The one very major difference here is that Farmers leads you to believe it is your business. It is not, you are a contractor to them yet subject to terms that would make it as though you were their employee, just not receiving benefits of a W2 salary job.
A 10% success rate was something that even I heard going through the program. This site wasnt really established for that one person, other than to warn them about Cash Value of their policies if they ever have to exit their agency. There is no question that some agents will turn out great. We really want to help the other 90% that go through the program and fail. A lot of money can be lost trying to keep a Farmers Agency afloat until you figure out that you are not the one for the job.
Premium rates, claims service and other issues aside, policies will always have a buyer if you look hard enough. How the program works is 10 agents sell policies, 9 wash out, and one agent ends up with all the policies in the end.
No matter what "opportunity" it is, someone makes money off of it. Even a few Primerica guys make real money.
See: Multi Level Marketing Scheme
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