Just stumbled across your video. Its crazy how similar our stories are. Was in corporate finance and burnt out. Lived on 401 trying to decide what to do next. Had a buddy that owned an Allstate and he told me how to get started. Bought a book from retiring Allstate Agent. Couldn't be happier. Look forward to watching more of your videos. (Milledgeville GA)
That’s awesome man! Congrats to you. I drop tons of videos on insurance, be sure to subscribe and check them out. Hopefully it can help you in your journey
I've had this idea of starting my own brokerage for home/auto, life and LTC and DA. I have two friends on the fence with experience and I have none, and you just gave me the push to do it myself with or without help. Thank you.
Great content. Could you make a video about how do you start from having no experience with Insurance to having your own agency? What are the requirements to have an Allstate Agency, and what are the requirements to have an agency that has multiple carriers? What kind of research you do before you started?
I’m sure you already do this or hope you do but also invest into your employees. I’m sure they are paid well but bonuses also help. From what I have learned personally that owners are tight with their money so I really hope that your not.
I was told the opposite and thought p&c was actually quite easy. And I have very bad test anxiety. I no longer work for Allstate, took a higher paying job, but definitely enjoyed the experience.
@@charliefoxtrotradioproduct2637 Gotcha, I just passed my L&H on the first try but want my P&C to cross-sell as well. Are you still in insurance or did you move to an entirely new niche? I’m just approaching this gig as a second job while my primary job is B2B SaaS sales. Figured it’d fill the experience criteria to get my CFP certification.
I looked into this and with All State the capital requirement is 100k. Definitely not something just anyone can dive into. I am looking into this industry but may have to look at other options as opposed to a name brand like All State
Things have certainly changed since when I started 5 years ago. Back then it was 25k. I will say that if you can get the capital, it’s worth it and pays off.
@@nicksakha I bet but not just anyone has 100k laying around now. I don't think I would look into this if I had that capital to be honest. But I do know other brokers are successful using other insurance companies. Your videos are great and very inspiring nonethelss. Just bummed out at that insane capital needed.
@@HoracioValdezHero I also believe you can do seller financing. There are several options. Independent is a great route too, much less capital required
Great video. I commend you for reinvesting in your business and pushing through. How much premium does your office write each month now with all your systems, marketing, and staff in place?
@@nicksakha Nice! That is awesome man. We just started 1/1 w/Allstate and finished at 62k. We're hoping to get up there soon! Keep the videos coming! Great info.
Hello Nocholas & everyone...great Info here...BUT! a few ???'s So how do i AQUIRE leads and make money for myself...when the salespeople are making the commissions...where does the money for your company and yourself come from? and for you to be able to open another office...This is very interesting. PLEASE HELP.
Hi I HV a question and you seem just the right person to me. I just passed my property and casualty license exam. But I have no experience in doing this business. Do I HV to join someone before opening my own agency or are there any live trainings out there? Pls help me with that.
Hey there, you can start your own agency if you have the capital. If you don’t, it might be wise to get experience working for an agency prior to opening your own.
Great video. And I have a question if you don’t mind. I am a self-employed attorney who has been interested in the insurance business for quite a while and would like to create an independent brokerage. Do you think forming a brokerage and getting appointments from the start is a realistic possibility, or would I have to work for another brokerage first. Aside from experience, the latter option seems circular because any brokerage I work for is unlikely to allow an arrangement where I own the book and can take clients to a new brokerage I start.
Thank you Ray, I didn’t have any experience before starting, just a lot of grit and being resourceful. If I were you, I’d go straight into opening your own brokerage.
Im currently working at an allstate as a LSP, my goal is to own my own agency in 3 years, 2 month in the insurance game so far. How do you generate your leads? Online service? Thanks
Usually the requirements are a proof of capital (usually 25-100k), property casualty license, life/health license, and the passing of certain personality tests.
Just stumbled across your video. Its crazy how similar our stories are. Was in corporate finance and burnt out. Lived on 401 trying to decide what to do next. Had a buddy that owned an Allstate and he told me how to get started. Bought a book from retiring Allstate Agent. Couldn't be happier. Look forward to watching more of your videos. (Milledgeville GA)
That’s awesome man! Congrats to you. I drop tons of videos on insurance, be sure to subscribe and check them out. Hopefully it can help you in your journey
Nice work, I can see you being well organized and willing to learn from your experiences is definitely paying off
Thanks for watching! I love your videos man! 🙏🏼
My man!! To everyone watching this video and reading my comment, you guys better put this fella on your watchlist.
Thank you my brother! 😄
I've had this idea of starting my own brokerage for home/auto, life and LTC and DA. I have two friends on the fence with experience and I have none, and you just gave me the push to do it myself with or without help. Thank you.
Make it happen 👊🏼
Great content. Could you make a video about how do you start from having no experience with Insurance to having your own agency? What are the requirements to have an Allstate Agency, and what are the requirements to have an agency that has multiple carriers? What kind of research you do before you started?
Okay Nick. Video gets better and better each time.
Thank you Zee!
Loved the video Chris. You’re going to hit it BIG!
This is my goal, just need the steps. I CAN DO THIS🤸
Let me know if I can help, you got this!!!
@@nicksakha yes, I'd really like your help, thanks
Thanks so much for sharing! I needed to hear this today. 😊
Happy to help!
leadership at its finest
Thanks for watching!
Big Props!!! I'll hit you up when im in vegas!
Powerful video, very encouraging and inspirational.
Thank you so much for that.
You are so welcome, thanks for watching!
I’m actually in banking but transitioning to the insurance world. I’m trying to become a producer.
You’ll love it 👊🏼
GREAT VIDEO!! Thank you for sharing your story and giving us some insights.
Glad you enjoyed it!
I’m sure you already do this or hope you do but also invest into your employees. I’m sure they are paid well but bonuses also help. From what I have learned personally that owners are tight with their money so I really hope that your not.
The only way to grow in the long run is to take care of your people. Non negotiable
Great video! 🔥 Can’t wait to see more 🙌
Thank you! 🙏🏼
I’m subscribing just because we are twins.
8 years in banking. Tried to start my own business. Investments…yea LOL
😂😂 Twinning!
Just accepted a position with Allstate today, will be testing 7/26 for my P&C license
Congratulations! And goodluck on your test. I made a few videos on preparing for the test, hopefully they can help you.
@@nicksakha yes I have seen some. Don't start studying with them til the 19th but definitely getting a head start on my notes until then.
I heard P&C is a lot more difficult than L&H
I was told the opposite and thought p&c was actually quite easy. And I have very bad test anxiety. I no longer work for Allstate, took a higher paying job, but definitely enjoyed the experience.
@@charliefoxtrotradioproduct2637 Gotcha, I just passed my L&H on the first try but want my P&C to cross-sell as well.
Are you still in insurance or did you move to an entirely new niche? I’m just approaching this gig as a second job while my primary job is B2B SaaS sales. Figured it’d fill the experience criteria to get my CFP certification.
congratulations. very helpful
Thank you!
I am deeply interested to start an Insurance Company.
Make it happen!
I looked into this and with All State the capital requirement is 100k. Definitely not something just anyone can dive into. I am looking into this industry but may have to look at other options as opposed to a name brand like All State
Things have certainly changed since when I started 5 years ago. Back then it was 25k. I will say that if you can get the capital, it’s worth it and pays off.
@@nicksakha I bet but not just anyone has 100k laying around now. I don't think I would look into this if I had that capital to be honest. But I do know other brokers are successful using other insurance companies. Your videos are great and very inspiring nonethelss. Just bummed out at that insane capital needed.
@@HoracioValdezHero I also believe you can do seller financing. There are several options. Independent is a great route too, much less capital required
@@nicksakha how does that work?
@@HoracioValdezHero that's what I want to know
what did you do to get sales in the beginning though? did you buy leads?
Yes, we bought leads and did a ton of social media to generate quotes.
If you could go back to year 3 or before you open the second office, what would you do different if anything?
Thoughts on buying a book of business from a independent agent OR buying a agency like State Farm or Allstate or similar?
amazing content!!
Love the content! Keep it coming! Would love to connect.
Thank you brother! Let's connect for sure
what a beast I love it
Great video! You did 4 million in 4 years?
Thank you 🙏🏼! Yes, This video is a bit older but we did 5 million in earned premium in less than 5 years
Great video. I commend you for reinvesting in your business and pushing through. How much premium does your office write each month now with all your systems, marketing, and staff in place?
Hey! Right now we are averaging about 115k a month and are going to scale it to 150k
@@nicksakha Nice! That is awesome man. We just started 1/1 w/Allstate and finished at 62k. We're hoping to get up there soon! Keep the videos coming! Great info.
Yeahhh buddy!! #youragent
Yes sir! 👊🏼
Hello Nocholas & everyone...great Info here...BUT! a few ???'s So how do i AQUIRE leads and make money for myself...when the salespeople are making the commissions...where does the money for your company and yourself come from? and for you to be able to open another office...This is very interesting. PLEASE HELP.
There is plenty to go around. My comp plan for my staff pays them well and allows me to continually reinvest into my businesss
You mentioned one key was specializing. What Sector of insurance do you specialize in?
Property and Casualty
Hi I HV a question and you seem just the right person to me. I just passed my property and casualty license exam. But I have no experience in doing this business. Do I HV to join someone before opening my own agency or are there any live trainings out there? Pls help me with that.
Hey there, you can start your own agency if you have the capital. If you don’t, it might be wise to get experience working for an agency prior to opening your own.
Views are up!!
Slowly but surely bro!
Great video. And I have a question if you don’t mind. I am a self-employed attorney who has been interested in the insurance business for quite a while and would like to create an independent brokerage. Do you think forming a brokerage and getting appointments from the start is a realistic possibility, or would I have to work for another brokerage first. Aside from experience, the latter option seems circular because any brokerage I work for is unlikely to allow an arrangement where I own the book and can take clients to a new brokerage I start.
Thank you Ray, I didn’t have any experience before starting, just a lot of grit and being resourceful. If I were you, I’d go straight into opening your own brokerage.
@@nicksakha thanks. Yes that’s what I would like to do so long as I can get carrier appointments. Thanks!!
do people at your office get annoyed about talking over eachother? if so how do you manage this? please take this respectfully.
We don't have that problem, buy the headsets that have noise cancellation. Hope that helps!
FIRE!!!!
Thanks for watching Brian!!!
hey nic, thanx for the video, it was very helpful, I also want to start my own insurance company. Do/will you mentor?
Do you have 401k to lend so I can start it too? As I only have around $250
What are your thoughts on independent broker ?
I can’t speak from experience because i’m captive, but I hear amazing things and know many people that have gone that route and love it
You work with Farmers agents in Las Vegas at all?
I know a few Farmers agents!
What are your thoughts on a completely virtual agency?
Too much competition. The one advantage you have as a small agency is that you build a good relationship with your local clients.
I know people that have gone this route and are crushing it!
Allstate lets you start an agency with 0 experience? Thats crazy
Why did you pick All state over other insurance agency?
I had a good friend that was doing very well, I knew I’d get solid mentorship and it’s a very reputable company with a great comp plan.
@@nicksakha thank you for your reply. do you need capital to start? If you don't mind, can I phone you sometimes?
Im currently working at an allstate as a LSP, my goal is to own my own agency in 3 years, 2 month in the insurance game so far. How do you generate your leads? Online service? Thanks
Hey Anthony, combination of internet leads, personal referrals, social media, and building referral partnerships with mortgage and loan officers.
@@nicksakha good stuff man thank you happy 4th
Hey I’m in vegas too, anyway we could talk and you give me any tips or anyone to go to I’ll appreciate it I’m serious
I want to be a agency woner. So what is is 1st step.
I would do research on which company would be a good fit for you.
What are the requirements prior to opening up an agency?
Usually the requirements are a proof of capital (usually 25-100k), property casualty license, life/health license, and the passing of certain personality tests.
@@nicksakha any advice on how to get the capital?
I HAVE MY OWN INSURANCE BUSINESS BUT SALES ARE VERY SLOW CAN YOU HELP
Happy to help, I’ve made plenty of videos on this, check them out!
Did you sell your book of business for banking?
With Allstate?!?! What State?
Hi I'm Neo I'm from South Africa 🇿🇦 I would like to talk to u about starting an insurance company
How did you partner with all state
I had a friend that was an agent and I got more info through him.
🙌🏼💙
It takes 25000$
It used to, it’s 100k now
Did you open up as a scratch?
Yes I did
@@nicksakha 😮😮😮
When you say you grew to 4 million in 2.5 years are speaking about premium?
It took me 4 years to grow to 4 million in premium.
@@nicksakha very impressive 👍🏼
@@anthonyh2540 thank you! Staying hungry
@@nicksakha my man 👍🏼
Good message here!! I’m listening and takin notes 📝 👂🏼👂🏼🤔 💡 and great video intro and quality btw 😎😎 @Nicholas_Sakha @nicksclusive 💯💪🏼
Thanks brother!
Your mail id sir?
Get to the point