What I’ve learned about the Surety Bond industry
It’s not a secret anymore that we have been developing Surety Bonds.com since March of last year and are looking to make a run in the online surety bond world as an agency. A lot has changed since we first embarked on this journey and a lot more has been learned by everyone here at Plus1-Media. Or are we Brooklyn Ventures? VAMC who? Whatever we plan to call ourselves I am confident we will come out on top when its all over.
Maybe I am letting the secrets out of the bag for the next guy but I really am not too worried about that anymore. We already have other online surety bond companies copying everything we do (you know who you are) and trying to do everything they can to keep us from dominating as an online surety bond company.
With that said I would like to touch on a few things I have learned so far in the short 10 months we have been dominating online surety bonds.
1.) The surety bond industry is primed for a hostile takeover.
I know some people are late adopters to technology but the surety bond industry as a whole must have been asleep for the last 30 years. You can’t e-sign a document for this, you need original for that, let me mail you that form from Alaska because we don’t fax or email them. What? I can e-sign my tax return but I can’t e-sign some form for a California surety bond?
The first company to stage a takeover and takes down these ridiculous barriers to getting a surety bond will be the first company to put everyone else out of business. Likewise, state departments need to wake-up and work with surety companies so we can all move forward like the rest of the world before surety is too far behind and forever compromised.
2.) The surety bond industry is small and tight knit. Even more so with online producers.
I have reached out to a handful of agencies just to introduce myself and welcome myself to the neighborhood.
So far I have been threatened with suit, told we will never make it, and left several un-returned phone calls and ignored emails. I didn’t expect brownies or a welcome party but I didn’t realize how much threat we were with a site like the one you see to your right.
Either way, when we take over the SERPs for good and grow into a big boy agency. I will make it a point to reach out to newcomers and welcome them to the world of surety.
3.) Insurance companies don’t need or want you.
I get it. You don’t need to take a risk on me because insurance is one of those must have kind of things. If the person cannot get their surety bond from me they will have to go somewhere else and either way it ends up in some companies lap.
It doesn’t matter if the same people who founded SuretyBonds.com built a 300 person company in less than 10 years or you are generating 3,000 quality leads a month; they don’t want or need you.
What I don’t get though is if all you do is surety bonds and we are Surety Bonds.com why you wouldn’t be knocking down our door. If all i did was sell cars and cars.com came to me and said they want to exclusively work with me I would jump on the first plane out to shake their hand personally. If all you do is surety bond business you would think you would want to work with a dominating producer like Surety Bonds.com.
Either way, thank you to those who are taking a chance with us. I am an extremely loyal person and you won’t be forgotten as we rise to the top.
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If you are a surety bond producer, underwriter, or all around all-star and would like an opportunity to be on the ground floor of an amazing opportunity please email me. joshATsuretybondsDOTcom
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