Insurance Marketing in Today’s Tough Economy
Insurance marketing and insurance sales, especially in this economy is a battle that most all financial planners face every day. Whether you are focusing on life insurance marketing, health insurance marketing or insurance direct marketing, the common concerns are the same.
Common questions may include how do you attract new clients, or how do you convince that they need to come in to see you and talk about their financial future?
Your insurance marketing plan should be set up in a way so as to provide you with several ways to attract prospects automatically so you can focus your time on doing what it is you do best – investment or insurance sales. Perhaps you are overwhelmed, but there are plenty of strategies to utilize in your insurance marketing plan.
The first thing you need to do is set up an insurance marketing strategy. A strategy is similar to a plan or goals. It is designed to layout all the important insurance sales and products that you offer so you can visualize how to deliver those services. Simply take a couple hours and put a plan in place and make sure that you are doing something at least weekly to attain your insurance marketing plan.
What I want to share with you in this article is a way to layout your insurance marketing plan to allow you to attain your goals to effectively market your business. First of all, you have to understand the difference between a strategy and a tactic.
What is a Strategy?
A strategy is the big picture action that will allow you to accomplish your goals.
For example, one strategy you could have when you are thinking about your insurance marketing is to build relationships with one new joint venture partner, like a CPA or Attorney per month. Another strategy you might consider is to further define your target market to go after a certain type of prospect. Those are strategies.
A tactic is the steps you are going to take to get accomplish your strategies.
What is a tactic?
Again, tactics are the steps you take on a regular basis to accomplish your strategy.
Following the above example, if your strategy is to build relationships with a CPA or Attorney per month then your tactic could be to attend local networking groups where you know CPA’s or Attorney’s hang out. Or you could talk with your own CPA and explain what you are trying to accomplish and that you want to refer clients.
The tactics you could follow when defining your target niche for example is to survey your current client base and see if there are any similarities between the m. Find out what type of person you most like working with and focus your insurance marketing messages around that type of a person. Go deeper, not wider in your efforts.
Figuring Out The Best Insurance Marketing Channels For Your Business
What you want to keep in mind about insurance marketing is that there are many different ways to approach marketing for insurance agents. We are in an industry that can help everyone. You should not get too attached to one type of marketing strategy because you never know when that channel is going to dry up. If you focus all your marketing efforts on seminars, and then rules change or people stop coming to the seminars for some reason then you are lost on other ways to attract clients. You must always have three or four ways of attracting clients and prospects that fit into your insurance marketing plan.
If you want to learn more about how to effectively set up an insurance marketing plan, come to my website. I offer a free CD that will give you an inside look into the marketing minds of some of the best insurance marketers in the industry today.
Looking to find the best free tips on Insurance Marketing, then visit www.MarketYourPractice.net to find the best advice on Insurance Marketing Ideas for you.