Insurance/Car/Property Sales?

[konishiazumi]

Hi, everyone!
I'm recently asked by a couple of friends to join them at either car/property/insurance sales. I'm 22 yrs old this yr and i had been in sales since 17. I love sales and i do believe the job will work out for me and of course I'm motivated by the figures I see them earning
However, I can't make up my mind on which sector to join. Anyone can share their view on this, Thanks!!

[sundaymorningstaple]

Any one of them would be good to starve at considering the current economic recession that the world is going through. You ought to try reading the newspapers. Don't think cars & insurance are real big at the moment. For that matter luxury goods aren't doing too well either.

[taxico]

i've always had a bad impression of insurance sales persons/pretend financial consultants and avoid them like the plague.

i would steer clear of that. unless for some strange reason you have a passion to buy plenty of insurance policies.

go for ones that you have a passion for. if you like cars, go for it.

if you're interested in getting your own property asap, go for it.

i understand commission for the latter is higher though, but a tougher sell.

since you love sales (and i know some people who absolutely do), why not milk it for all its worth?

either way you won't lose out, coz it's easy to hop to/fro such positions, especially if you have a track record.

don't lose that drive you have, and in bad times, just keep at it anyway.

good luck and come on back with paypal gift coupons for me when you've made it.

[bluexob]

Hi, everyone!
I'm recently asked by a couple of friends to join them at either car/property/insurance sales. I'm 22 yrs old this yr and i had been in sales since 17. I love sales and i do believe the job will work out for me and of course I'm motivated by the figures I see them earning
However, I can't make up my mind on which sector to join. Anyone can share their view on this, Thanks!!

Hi babe...
Let me share with u...
I'm in car sales now more or less same age like yours...
I'm 21 this year by the way..
Right now,the market is bad,however u may still survive or not if u want to be in this line but at much more tougher..Forget about $$ or comission..Once u're in, u're main concern is about your quota or monthly sale for each month as they will set a target to be met monthly or if u dont met the target off u go then less 2 months the max..$$ is just the motivation..Plus u must know about the insurance policy,their quotation,bank loan that your company is tied with...And super good in calculation,dont ever get this wrong...And every customer that u encounter will be different experience...Whether its easy or difficult customers,u will have to handle them alone..
Yes, u can still make a sale depend on which company u join,advisable join an authorised agent or sole distributor but u must possesed some relevant experiences and driving license class 3 or 3A...
PI(parallel import), u may or may not survive unless u have a lot of referral or contacts..Must be always extremely agreesive as u will face alot of competitors..
As for me,i have joined this trade from PI to agent since i'm 19...
Yes i'm still considered newbie but i must say its not an easy feat in this trade..Only when times is good,yes u CAN earn but look at the situation now,its not an easy feat..
Anyway i'm sick in this trade anyway...
Now intend to find a new job where my dream has always wanting to be though i may earn lesser,as long i'm happy,i'll be content...
Anywayzz babe,good luck or u can pm any further...

God bless

[Daegan]

It'll be better if you know which interest you instead of knowing which can earn more money?
Go with your passion then you'll succeed in what every you do.

Happy New Year 2009!

[ksl]

Good sales people are not easy to find in Singapore! Been looking for the last 4 years for a good strong extrovert type, we use promoters, which are not in the same league as a good salesman.

If you are good, you will always survive but may need to swap between industries, be flexible and choose products you like. With the economic down turn, you need a fast moving product, with benefits, for everyone.

Selling the benefits of cars, finance and property in a bear market is, not a choice i would consider....

Health Insurance maybe! But even then your target market needs to be able to afford it, jobs are so insecure just now, the majority will cut back on spending, but will not risk losing their health and well being, if they can help it.

In today's world, life style changes should be looked at, and seriously taken into consideration...A good salesman can sell almost anything he/she wants, providing the right motivation is applied, the question to ask yourself, is are you a promoter or a salesman?

There is a distinctive difference....If you know that difference, and you are a salesman with morals, you are well on your way to being successful! Drop me a mail and your CV!

[danialgoh]

Insurance: 1) Hard to sell unless you have lots of contacts.
2) Hard to sell because people stay away from insurance agents
3) Insurance companies set up roadshows at Bus Interchanges. The location of the roadshow puts most people off.
4) How much can you really earn if you manage to sell one policy to one person?

Cars: I believe selling cars would be a better option than selling insurance, Recession or not, car lovers would come down to roadshows and look at the latest models. Even if he has no intention of buying, give out your best attitude. He will remember you and when its time to let go of his current car, he knows he can rely on you. First impression lasts.

Property: A great market to consider. If you have doubts, may I direct you to a bookstore and buy Rich Dad Poor Dad by Robert Kiyosaki. This author covers everything on properties.

I have listed Cars, Insurance and property but the best market to me right now would be to sell beds. Yes beds! Every month, couples get married. And every month, these group of people will be on the lookout for new beds. Probably they already have got their own accomodation and the next thing they need is a bed. Their bed is their love nest. To gain experience, work for those reliable companies like King Koil. They sell mattresses but they sell beds too. Once you managed to sell bed frames, you can also "push" mattresses, pillows, bed sheets. Imagine the commission that you will be getting on top of your basic salary.

Cheers and good luck...

[sundaymorningstaple]

I have listed Cars, Insurance and property but the best market to me right now would be to sell beds. Yes beds! Every month, couples get married. And every month, these group of people will be on the lookout for new beds. Probably they already have got their own accomodation and the next thing they need is a bed. Their bed is their love nest. To gain experience, work for those reliable companies like King Koil. They sell mattresses but they sell beds too. Once you managed to sell bed frames, you can also "push" mattresses, pillows, bed sheets. Imagine the commission that you will be getting on top of your basic salary.

Cheers and good luck...

Good look on them using the beds. At least according the the Durex Survey's for the past 5 years or so. Singapore is third from the bottom of the list of all the countries with the lowest fertility rates of only around 1.3 so it would appear that cars and alcohol might be better bets than beds.

[kiringal]

I think all kind of sales has its own advantages and disadvantages.. Just choose one and go for it!!

[4hookes]

I don't know about the other sales job but i sure do know about insurance sales!

You get commission endlessly! That means unlike property, insurance will pay you month in month out for as long as your policyholder pays.

Imagine this: You sell $20 per month insurance plan.
Commission: 30% i.e $6.60

In 1 month don't tell me you can get at least 10 people to sign-up (I can't!)

so in one month you'll get $66.

In the 2nd month you get another ten to sign-up (If you're irritating enough!)

so at the end of the 2nd month you'll get $132 (Inclusive of the $66 in the first month.)

So imagine if you can keep this up for a year. You don't need to wake up in the morning to earn a living anymore! Yay...passive income.

Of course you need to sell other "Life" plans for contract maintenance etc.

Seriously it's not as easy as it sounds. Insurance agents don't have a good reputation and they usually say they are "Life Planners", "Financial Services Consultants", "Wealth Managers"...i beg to differ.

I know insurance agents who can't even calculate the future value of money without inflation.

And managers who override you commission will keep telling you that we are helping people...ah...i beg to differ. We are set targets, we are asked to approach strangers, call people and 'con' them into telling them that we do financial planning and stuff...
If you want to buy insurance, i say this....

Buy term and invest the rest (Property is the best )