Millionaire Insurance Producer

Millionaire Insurance Producer

The Millionaire Insurance Producer podcast is the top podcast for insurance producers who want to quote less and win more often. Charles was a producer with a $1,000,000+ Book of Business, before starting a consulting company working directly with insurance buyers. Charles understands what your prospects both want and need and will give you the tools of how to package your services in such a way that your prospects will fire their current agent and sign your Broker of Record Letter…during the very first appointment!
Hosted By

Hosted By

Charles Specht

Personally, I see the difference being about 50%, between those producers who have a solid plan/strategy, versus those agents who don’t have a prospecting plan. It’s that important! Agents and agencies with no plan write, according to my estimation, 50% less in a year than they could write, if they had a personalized and workable new business strategy for each producer.

In this episode of the Millionaire Insurance Producer podcast, host Charles Specht will give you four things to consider when developing your Strategy, as well as announce an upcoming training he’s providing on this subject come December 16th.

Episode Highlights:

  • Charles explains that it is never too late to start making plans. Following the strategy, the plan might also result in more agents signing a Broker of Record letter. (2:15)
  • Charles mentions that it is all of our responsibility to ensure that we are in charge of our career, assets, and business. (4:44)
  • Charles discusses that, for those who do not have a strategic new business production revenue plan for 2023, he will be offering a training to assist you in putting up a new production revenue plan for 2023 on December 16th. (9:23)
  • Charles explains that if you do not know your figures for 2022, you can’t create a new business strategy for 2023. (10:23)
  • Charles shares the most significant factors to consider when determining your annual new business revenue goal and the average amount of revenue per account. (11:52)
  • Charles discusses what he did to find out what his strategy would be when he was obliged to start writing large accounts for his second agency. (22:30)
  • Charles explains that there are numerous strategies to create a success plan, but it will not work until you have a strategy that is tailored to your specific needs. (24:53)
  • Charles mentions that if you’re not tracking anything, don’t have a strategy; and if you’re tossing mud against the wall, you should expect to write 50% less in a year. (27:52)

Key Quotes:

  • “I need to say it again, you cannot create a plan for 2023 If you don’t know your numbers for 2022.” – Charles Specht
  • “There are 1000 different ways to create a strategy for success. But unless you have a strategy that works for you on a personalized basis, it will not work.” – Charles Specht
  • “You need to have a new business production plan. Otherwise, you are not making as much money. I hope that makes sense to you because I really do want you to succeed. I want you as an agency owner to get the most out of your salespeople so that you and your agency can be very profitable.” – Charles Specht

Resources Mentioned: