Building Passive Revenue Streams | Shoptalk Series, Episode #47

In this episode of The Power Producers Podcast, David Carothers and co-host Kyle Houck discuss how to make passive income in their agencies through utilizing a quote, bind, and issuing products.

Episode Highlights:

• David mentions why his week flew by fast. (1:51)
• David shares why he wanted to discuss passive revenue streams. (2:26)
• David mentions their webinars. (2:45)
• David mentions his experience with wedding insurance. (3:28)
• David shares the product they launched. (6:05)
• David shares what they talked about at their recent webinar. (10:40)

Tweetable Quotes:

• “I think by and large, the insurance companies freaked a little bit. You couldn’t even buy life insurance from some people because they wanted to see what’s going to happen with the pandemic.” – David Carothers
• “As long as the revenue coming in is more than what I’m spending to send the traffic to the ad page, everybody else is out buying leads or paying for leads. I’m getting paid for my personal lines leads, period.” – David Carothers
• “If we use our approach and our knowledge as independent agents to give the buyer education on that buyer’s journey, they’re not just going to a website to buy a product that they don’t understand. Helping them make that decision through education, they’re not going to go to a call center to buy that stuff. They’re going to come back.” – David Carothers

Resources Mentioned:

• David Carothers LinkedIn
• Kyle Houck LinkedIn
• Florida Risk Partners
• The Extra 2 Minutes