If it’s so profitable, why do 90% of people quit?🤔
Selling Insurance: If it’s so profitable, why do 90% of people quit? 🤔
i’ve been in this industry for over 15 years now, and i’ve seen too many people arrive with high hopes and leave in total silence. many only see the glamour—the 5-figure months, the time freedom, and the lifestyle.
it leads to the ultimate question: if this line makes so much money and the barrier to entry is so low, why doesn't everyone do it?
the truth is: the "physical barrier" is almost zero, but the "mental barrier" is terrifyingly high. if you deliver food, you get paid for every order. that’s a "linear return". in advisory, you might visit 10 leads, talk to 5 families, and your income is still $0. this is an "exponential return," and the early stages are incredibly agonizing.🧗♂️
money here isn't earned through physical labor; it's earned through mental resilience. if you find it difficult, it’s likely because you’re using a "worker's mindset" to do an "entrepreneur's job".
here are the 4 "invisible barriers" that stop 90% of people:
1. you aren't selling a "product"; you're selling against "human nature" 🧠
❌ "this plan is so good, why won't they buy?"
✅ rejection is normal. nobody wants to imagine getting sick or dying. i am asking a client to take money out now for a "bad moment" that might happen later.
the reality: other sales satisfy desires (cars, bags, houses). we manage fear. you aren't only earning a commission; you’re earning an "education fee" for awakening their sense of responsibility.
2. don't chase "quick money"; chase "compounding effect" 📈
❌ "it’s been three months and no deals .. even a delivery guy makes more than me right now".
✅ i am not "working a job"; i am "digging a well". in the first year, i’m laying pipes through learning and serving. once that pipeline is built, the income becomes a steady stream.
the reality: most people can't handle "delayed gratification". remember the "bamboo law"—it only grows 3cm in the first 4 years, but from the 5th year, it grows 30cm every single day.
3. don't rely on "thick skin"; rely on "value" 💡
❌ "i need to be thick-skinned and annoy all my friends to succeed".
✅ i never beg. i am a "family financial doctor". a doctor doesn't beg a patient to take medicine. i diagnose the risk; whether you buy is your choice, but the risk you leave behind is your destiny.
the reality: humility doesn't bring sales; professionalism wins respect. when you feel like you’re "saving" someone, it becomes natural.
4. don't be "customer service"; be a "strategist" 🛡️
❌ "i just answer what they ask and send a proposal".
✅ clients want more than just a policy. they want legal protection, tax planning, and retirement security. i must understand law, tax, and medical gaps to truly address their anxiety.
the reality: the industry has shifted from "quantity" to "quality". every cent you earn is just the monetization of your knowledge.
🏁the final truth:
why do most people quit? because this job requires the vision of a boss, the execution of a soldier, and the empathy of a psychologist.
if you stayed and you’re doing well - congratulations. you’ve earned it.💯
#MyPOV #moneytalk #financialadvisor #sg #RealTalk #WEVOLUTION
Having worked in the insurance industry for over 15 years, I can relate deeply to the challenges highlighted in the article. Many aspiring advisors are attracted by the promise of lucrative commissions and flexible lifestyles, but few realize the mental endurance needed to thrive. One personal insight is how crucial mindset transformation is. Initially, I struggled with the frequent rejections because I viewed insurance sales as a straightforward product pitch. Over time, I recognized I was managing people's fears and responsibilities rather than just selling a product. Accepting rejection as part of the process helped me stay resilient. The concept of "digging a well" resonated strongly. I recall my first year with little to no income, which felt discouraging, but consistent learning and client engagement slowly built a referral pipeline. This long-term approach eventually created a stable income stream and financial freedom. I also learned that professionalism and value creation matter more than persistent sales pressure. Clients respond favorably when you act as a trusted "family financial doctor," offering strategic advice on legal protection, tax planning, and risk management. It’s not about quick wins but about building trust and delivering meaningful solutions. In my experience, transitioning from a "worker's mindset" to an "entrepreneur's job" mindset was pivotal. It required cultivating qualities of vision, discipline, empathy, and continuous education. For anyone starting out, embracing these invisible barriers rather than fearing them can set the foundation for lasting success in insurance advisory.
