Top 5 Reasons You Should Consider Buying an Insurance Franchise

There are several reasons why owning an independent insurance agency franchise can help you advance in your sales career. However, it is not for everyone. You'll get a lot of security and instant brand recognition, but you'll be following someone else's business model.

For many people, the benefits outweigh the disadvantages. They discover that with the assistance of an insurance agency with a proven track record, they can navigate a much faster path to success.

So, why should I give owning an insurance franchise a serious thought?

Name recognition, implied quality reputation, and the guidance you should receive from the operators of a winning operation are just a few of the main reasons to look into insurance franchise opportunities with a successful insurance company.

Here, we look at five of the most important benefits of such a commitment in greater depth.

1. You'll get expert advice as well as ongoing support. It's all about taking risks when you're an entrepreneur. It all comes down to having the self-assurance to put yourself out there and pave your own path to success. It's also about taking steps and making mistakes. Falling down and getting back up is a common occurrence.

As the owner of a successful independent insurance agency franchise, you'll still be able to do all of that. However, you'll have a road map in the form of a company that has already travelled that path, encountered several roadblocks, and figured out how to succeed.

It's worth following a franchise operator if you recognize them as a successful and thriving business. You should have regular contact with the franchisor and be able to pick the brains of experts on a regular basis.

Even if your franchise has been operating successfully for years, you should feel confident in receiving sales, technical, or other forms of support when you need it.

2. You have a well-known brand that is opening doors for you. The recipients of your cold calls have no idea who you are. Your company name and logo are completely unfamiliar if you hand them a business card or send them a link to your website. You're starting from the ground up. Before you can begin to serve their needs, you must first give them a thorough introduction to your company.

Even before you meet with your prospect, you will have completed part of your job if they are familiar with the brand and its stellar reputation.

That is why one of the most appealing reasons for owning a franchise in any line of business that has earned a reputation in the marketplace is brand recognition.

3. Your affiliation with a company will reassure your target audience. This point is related to the previous major reason for considering a franchise in the insurance industry. Some customers might try a hamburger from an unfamiliar brand if you owned a "nameless" fast food restaurant.

However, insurance is a different storey. Based on the value of your life insurance policy, it's supposed to financially protect your home investment, your car, or even your family. Is that something your target audience will be exposed to if they don't know you or your business?

That's why, when it comes to something as important as insurance, being a part of a successful parent company is so important.

4. You're following a successful business model. After two years, about a third of small businesses with employees fail, and half don't survive five years. As a small business owner, success is difficult, so you'll need all the help you can get.

You've delegated the hard work of startup to someone else as the owner of a successful insurance agency franchise. You've let them pave the way and lead you forward if you're aligned with an operation that has not only survived the last five years, but has thrived for decades.

You could confidently rely on trial and error if you had an almost limitless amount of startup capital. "Just do it," as the slogan goes, and if you fail, try something else. Fail over and over until you succeed. So what if you lose a significant amount of money?

However, that is unlikely to be your business startup model. Few, if any, new business owners have an endless supply of cash to fuel their ambitions.

You'll be better off if you make fewer mistakes.

And that gets to the heart of one of the most compelling reasons to become an independent insurance agency franchisee of a successful insurance company: they'll share their tried-and-true formula for success with you.

5. The marketing efforts of your franchisor will pave the way forward. A well-established insurance firm has figured out how to attract customers.

They've successfully created and launched marketing campaigns. From the moment you hang your sign out the door, they can provide you with a customer base.

This is another way you'll form a winning partnership with your new partner on past, current, and future marketing campaigns that will capture the attention of your target audience in ways you couldn't do on your own.

So, how do I start my own insurance agency franchise?

We recommend that you begin your search for a lucrative insurance franchise opportunity with us. Confide Insurance is a subsidiary of Freeway Insurance. Confide insurance companies are well-known and respected by customers across the country as members of one of the country's largest privately-held insurance brokerages.

As a Freeway Insurance franchisee, you'll benefit from a strong national brand and plenty of advertising support. We've built a name for ourselves and developed a business model that has gotten us a lot of attention in the industry. For example, since 2016, we've ranked first in Insurance Journal's annual ranking of Personal Lines Leaders.

And now we're working hard to recruit you and other talented salespeople to join our 500 Freeway Insurance locations across the country.

As an independent insurance agency franchise, you'll have access to our large network of national and regional insurers, allowing you to offer competitive product lines to meet the diverse needs of your clients.

But first, you'll receive extensive training in the insurance industry as well as how to run your own company. You'll take advantage of the opportunity to extend the Freeway Promise: Providing the Best Cost, Choice, and Convenience to Our Customers in all of these ways.

Don't miss out on this opportunity to start and grow your own Freeway Insurance franchise with our full support. To get started, simply fill out an application to become a Freeway Insurance franchise owner.

You'll meet with a franchise team who will thoroughly explain the opportunity and answer any questions you may have.