Millionaire Insurance Producer

It’s one thing to agree that targeting BOR’s is a smart move but it’s another thing altogether to develop a step-by-step process to winning signed Broker of Record Letters on a consistent basis. 

In this episode of the Millionaire Insurance Producer podcast, host Charles Specht will “build you a house” by explaining what the foundation is, what the four walls are, and what the roof is to winning more signed Broker of Record letters from your prospects.

Episode Highlights:

• Charles explains why winning in a standard quoting procedure is quite difficult. (3:24)
• Charles demonstrates how a Broker of Record letter is a better option than the quoting process. (7:05)
• Charles believes that one of the main strategies in regards to the Broker of Record letter is asking for it. (9:13)
• Charles explains that every single prospect meeting you have with an insured person needs to have a goal. (10:43)
• Charles explains the advantages of being aggressive in your requests in order to persuade others to do what you want them to do. (13:50)
• Charles explains that it is impossible to train individuals to be successful at selling anything if they are not aggressive in asking for the business. (17:10)
• Charles discusses why the micro-niche, the foundation for your house, is so important in obtaining a signed Broker of Record letter. (17:49)
• One of the ways to create a wall when building your house, according to Charles, is to plan out how you’re going to prospect. (20:20)
• Charles mentions that if you have a very powerful message that includes both the pricing side and a significant service side, you’ll have a very excellent hit ratio on prospecting and setting appointments. (23:34)
• The fourth wall, according to Charles, is how we lead that appointment to ask for the business. (24:17)
• Charles discusses how the follow-up program will be the roof of the construction that binds the four walls together. (25:57)
• Charles explains that the foundation is everything; it is the micro-niche, and everything is constructed on top of that; you can’t have walls or a roof until it is completed. (27:45)

Key Quotes:

• “You have to be aggressive in regards to what you’re asking for in order to get them to do what you want them to do.” – Charles Specht
• “If you have a very strong message that has both the price side as well as the significant service side, you’re going to have a very good hit ratio on prospecting to setting appointments.” – Charles Specht
• “Foundation is everything it is the micro niche, everything is built on top of it, you can’t have walls and you can’t have the roof until you get that done.” – Charles Specht

Resources Mentioned:

• Reach out to Charles Specht
• Permission Network Insurance Agency, Inc.