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From $582.18 to $21,819 Profit: My Success Selling Life Insurance from Home

Published on: November 17 2023 by Peter Roberts

From $582.18 to $21,819 Profit: My Success Selling Life Insurance from Home

Table of Contents

  1. Introduction
  2. The Real Numbers: Spending $582 on Facebook Ads
  3. Generating Leads for $4 on Facebook
  4. The Exact Ads and CRM I Use
  5. The Sales Process: Closing Over $20,000 in Business
  6. Building Your Systems: The Importance of Good Systems
  7. Controlling Your Business: Learning Marketing Skills
  8. Submitting Good Business: Building Client Relationships
  9. The Journey: Documenting My Experience
  10. Conclusion

The Real Numbers: Spending $582 on Facebook Ads

In this article, I want to share with you the real numbers on how I spent $582 on Facebook ads and turned it into over twenty-one thousand dollars of pure net free cash flow. After deducting all my business expenses, I will reveal how I closed over $20,000 of actual business that hit my bank account selling final expense life insurance.

Introduction

Before we dive into the details, let me give you a brief overview of my journey and what led me to share this information with you. I am a 23-year-old entrepreneur who started a business selling final expense life insurance about eight months ago. Without a college degree, I have managed to figure out the ins and outs of marketing, sales, and building a solid clientele.

The Real Numbers

Let's start with the most crucial aspect: the numbers. In November 2023, I spent $582.18 on Facebook advertising. This was my advertising budget for the month. More importantly, I was able to generate leads at a cost of $4.02 per lead. With the leads I generated, I was able to generate deposits of around twenty thousand dollars in my personal bank account. These are real deposits, real numbers that I actually received.

Generating Leads for $4 on Facebook

Now that you know the numbers, let's dive into how I was able to generate leads at such a low cost on Facebook. If you're selling life insurance and want to find a better way to do it, pay attention. I will share with you everything I wish I knew when I started and there are absolutely no secrets. I am in the trenches with you, and I want to share everything I have learned to put you in a better position.

The Exact Ads and CRM I Use

One of the most successful ads I ran on Facebook featured a lady kissing her grandma on the forehead. This ad resonated with my target audience and generated both low-cost and high-quality leads. In my ad copy, I highlighted a new approved burial program that is available to seniors looking to pay off their final expenses. By directing the leads to fill out a simple lead form, I was able to capture their essential information, including their name, email, cell phone number, beneficiary, and state of residence.

To effectively manage these leads, I used a CRM called Ringy. It cost me only $100, which is significantly less than other CRM options that can range from $200 to $300. Ringy allowed me to set up a text message sequence upon the lead's arrival, ensuring they received immediate follow-up and engagement. This system played a crucial role in keeping the leads warm and increasing the chances of conversion.

The Sales Process: Closing Over $20,000 in Business

While marketing and lead generation are essential, it all comes down to the sales process when it comes to turning those leads into actual business. The key to success is submitting good business and ensuring your clients become clients for life. I emphasize the importance of genuinely helping your clients instead of simply making a sale. If a potential client shows any hesitation or fear, it's crucial not to push for the sale to avoid chargebacks in the future.

Building Your Systems: The Importance of Good Systems

One of the biggest challenges I faced early on was not having good systems in place. Having a reliable text message system in place is vital to engage leads effectively, especially when many people are hesitant to pick up calls or answer unknown numbers. By utilizing a CRM like Ringy, you can automate the process of sending targeted text messages to your leads, creating a personalized and engaging experience for them.

Controlling Your Business: Learning Marketing Skills

To truly succeed as a business owner, you need to control all aspects of your business. Learning marketing skills and being able to generate your own leads is crucial. Relying solely on lead vendors can be risky, as any change in their operations can affect your cash flow and, ultimately, your business. By taking control of your marketing efforts, you can ensure the stability and growth of your business in the long run.

Submitting Good Business: Building Client Relationships

In the final expense insurance business, having a constant flow of new clients is essential for sustained success. However, the quality of those clients is equally important. Focusing on submitting good business is key to creating long-lasting relationships with your clients. By understanding their needs, addressing their hesitations, and selling them the right policies, you can ensure their satisfaction and your own financial stability.

The Journey: Documenting My Experience

Throughout my journey, I have encountered numerous challenges and learned valuable lessons. I document my experiences and share them with others because I want to provide real, honest advice to those who need it. I am tired of the self-proclaimed gurus who sell expensive courses without truly changing anyone's life. In contrast, I am in the trenches, doing the work, and sharing real results to help others succeed.

Conclusion

In conclusion, I hope this article has provided you with valuable insights into how I turned $582 in Facebook ads into over $20,000 in pure profit. By generating my own leads, optimizing my ads, implementing effective systems, and focusing on submitting good business, I have achieved significant success in the final expense insurance industry. The key is to take control of your business and consistently provide value to your clients. So, take action, learn marketing, and start building your own success story. Cheers to your success!

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