Nov 30 2013, 11:55 PM
QUOTE(JohnL77 @ Nov 30 2013, 09:30 PM)
Oh, I must have misunderstood you.
Yes yes, my calculation did show that the top 4% earn close to or more than a million a year.
Not complaining at all actually.
Yes, the 20/80 ratio can apply elsewhere too, especially now when it is believed that the top 1% of the world control what, 30-40% of the world's wealth?
Comparatively fields in which the majority of the workforce earn an average of 2000-5000 a month, the top 20% would be earning a gross amount of money.
Meanwhile in insurance, majority of people earn less than 2000 a month.
Just something to think about.
JohnL77,Yes yes, my calculation did show that the top 4% earn close to or more than a million a year.
Not complaining at all actually.
Yes, the 20/80 ratio can apply elsewhere too, especially now when it is believed that the top 1% of the world control what, 30-40% of the world's wealth?
Comparatively fields in which the majority of the workforce earn an average of 2000-5000 a month, the top 20% would be earning a gross amount of money.
Meanwhile in insurance, majority of people earn less than 2000 a month.
Just something to think about.
But, on the other hand, is it that hard to be GOOD insurance agent??
1) How many insurance agents that you know directly and indirectly actually know their product well enough to sell the RIGHT product??
2) How many insurance agents actually check your finance to make sure that you have enough savings before buying insurance??
The competition is not as tough as you think. Most insurance agents only interested in selling as opposed to solving the client's problem.
It is VERY SIMPLE.
Cream raises to the top. People that are willing to put in the EFFORT to be the best in their area will do well. Meanwhile, the rest will whine why they are not doing well.
A simple survey around lowyat forum will tell you that there are not many insurance agents that know their stuff. Hence, is it any wonder that they will do well??
Dreamer
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