Are you one of those agents that just crosses there fingers and hopes for the best? Or do you have systematic approach to your profit sharing strategy? For newer agencies just starting out it can seem like profit sharing is really unreachable unless you join a group but even then it becomes a equation that is just so large the time effort to analyze would just be a wasted effort. So many of us just sit back and pray to the insurance gods and hope we get a profit sharing check in the mail. What about groups are they keeping you informed and up to date on what the margins are and the next levels and the increased profit sharing grids. Are they truly driving the bonus forward? Are they identify and communicating in the beginning of the year the companies that are offering the best incentive? How about most carriers are strategically injecting growth factors into there bonus profiles which seams to be trending with carriers as of late. Is this information being disseminated amongst the members of your cluster? These are so many of the variables that need to monitored, watched and analyzed on monthly basis. Having a strategic partner that easily monitors and communicates this information on routine basis takes the leg work out of your best solution to drive profit sharing. Knowing your in position to get the best Position to profit share increases the bottom line and the value of your agency. Share your comments below we would like to hear your strategy.
