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Marketing for Independent Insurance Agents on a Shoestring Budget

Date post: 21-Oct-2014
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This presentation is for independent insurance agents. Jeff Sauer presented at the Trust in Marketing Seminar in Minneapolis, MN on 3/20/2012. This presentation showcases marketing activities done by large organizations and how to achieve a similar effect on a shoestring budget.
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Big Business Online Marketing on a Shoestring Budget How to Market Like the Pros Without Breaking the Bank Jeff Sauer
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Page 1: Marketing for Independent Insurance Agents on a Shoestring Budget

Big Business Online Marketing on a Shoestring Budget

How to Market Like the Pros Without Breaking the Bank

Jeff Sauer

Page 2: Marketing for Independent Insurance Agents on a Shoestring Budget

Online Marketing Tactics

• Public Relations

• Social Media

• Video Production and Distribution

• Search Engine Marketing

• Email Marketing

• Program Measurement

Page 3: Marketing for Independent Insurance Agents on a Shoestring Budget

Public Relations

Page 4: Marketing for Independent Insurance Agents on a Shoestring Budget

Why Public Relations?

PR Helps Build Brands

Page 5: Marketing for Independent Insurance Agents on a Shoestring Budget

How the Pros Do PR

Enterprise PR Platforms and Agencies

Page 6: Marketing for Independent Insurance Agents on a Shoestring Budget

What the Pros Pay

Working with a PR agency costs at least $100k/year

$0 $1MM +

Pros

Page 7: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent Alternative: Self Publishing

Start by creating a website or blog using WordPress. Use this site to make major announcements and publish thought leadership

Page 8: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent Alternative: Self PublishingWordPress is easier to use than MS Word, helps search engines find your business and is widely supported by most web hosts.

Page 9: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent Alternative: Self PublishingMake it easy to share your content and join networks of similar publishers to gain credibility and followers within your niche

Page 10: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent Alternative: PressWhile you may not have the connections of a PR firm, you can find them using free services to locate reporters in need. HARO is a tool that allows you to sign up as an expert and receive requests to share your expertise with reporters.

Page 11: Marketing for Independent Insurance Agents on a Shoestring Budget

Cost Comparison

$0 $1MM +

ProsAgents

Page 12: Marketing for Independent Insurance Agents on a Shoestring Budget

Social Media

Page 13: Marketing for Independent Insurance Agents on a Shoestring Budget

Why Social Media?

Social media provides an unprecedented opportunity to communicate directly with current and prospective customers

Page 14: Marketing for Independent Insurance Agents on a Shoestring Budget

How the Pros Do Social Media

Pros use Large Enterprise Systems or in-house “command centers” to monitor and respond to comments on social networks

Page 15: Marketing for Independent Insurance Agents on a Shoestring Budget

What the Pros Pay

Subscriptions to tools start at $1,000/month and managed services can be $100,000+ per month for complex brands

$0 $1MM +

Pros

Page 16: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent AlternativesUse Google Alerts to get updates on a particular topic via email or RSS feeds. Set alerts on employees, competitors and your business name

Page 17: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent AlternativesListen for any mentions about your business, affiliated companies and competitors. Use this information to understand competitive landscape and sentiment of commentary

Page 18: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent AlternativesUtilize Tweetdeck to schedule tweets, manage multiple accounts, search for topics and filter users

Page 19: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent Alternative

Use syndication to feed content into social media accounts

Page 20: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent Alternative Establish an editorial calendar to consistently post to social networks and blog

Week

1

2

3

4

Monday

3-5 Posts

3-5 Posts

3-5 Posts

3-5 Posts

Tuesday

3-5 Posts

3-5 Posts

3-5 Posts

3-5 Posts

Wednesday

3-5 Posts + BLOG

3-5 Posts + BLOG

3-5 Posts + BLOG

3-5 Posts + BLOG

Thursday

3-5 Posts

3-5 Posts

3-5 Posts

3-5 Posts

Friday

3-5 Posts

3-5 Posts

3-5 Posts

3-5 Posts

Page 21: Marketing for Independent Insurance Agents on a Shoestring Budget

Cost Comparison

$0 $1MM +

ProsAgents

Page 22: Marketing for Independent Insurance Agents on a Shoestring Budget

Video

Page 23: Marketing for Independent Insurance Agents on a Shoestring Budget

Why Video?

Consumers spend more time watching television than any other entertainment source

Page 24: Marketing for Independent Insurance Agents on a Shoestring Budget

How the Pros Do Video

The pros pay large sums of money to hire a company to create, shoot, and produce commercials and then purchase broadcast spots from local and national television station

Page 25: Marketing for Independent Insurance Agents on a Shoestring Budget

What the Pros Pay

$0 $1MM +

Pros

Page 26: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent AlternativeUse affordable movie software with a working camera in good lighting and publish to YouTube

Page 27: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent AlternativeYouTube is the largest video website on the web, with 60 hours of video uploaded every minute and 4 billion videos viewed per day. Marketers can easily upload videos and share on a custom channel. YouTube is also the second largest search engine after Google

Page 28: Marketing for Independent Insurance Agents on a Shoestring Budget

Cost Comparison

$0 $1MM +

ProsAgents

Page 29: Marketing for Independent Insurance Agents on a Shoestring Budget

Search

Page 30: Marketing for Independent Insurance Agents on a Shoestring Budget

Why Search Engine Marketing?

When consumers are interested in learning more about a product or service, they turn to search engines to find information, often clicking on the first result

Page 31: Marketing for Independent Insurance Agents on a Shoestring Budget

How the Pros Do PPC

Pros have the budget to spend incredible amounts of money to get the top spot on search engines.

Page 32: Marketing for Independent Insurance Agents on a Shoestring Budget

How the Pros Do SEO

Pros also have the status and the credibility to rank high for organic search results… and SEO can be get pretty complicated!

Page 33: Marketing for Independent Insurance Agents on a Shoestring Budget

What the Pros Pay

Average cost of search marketing for Pros in Insurance is millions per month

$0 $1MM +

Pros

Page 34: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent AlternativeFocus on Long Tail Keywords for driving searchers. Instead of ranking for “Insurance”, try to rank for “Auto Insurance in Maple Grove, MN”

Page 35: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent AlternativeFocus on Long Tail Keywords• Use your long tail keywords for CPC campaigns with Google AdWords Express• AdWords Express will help you tailor your campaign to your budget • Will tailor to both mobile and desktop users

Page 36: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent AlternativeClaim Your Business with Google Places and Getlisted.org. Encourage customers to review your business and provide other insights

Page 37: Marketing for Independent Insurance Agents on a Shoestring Budget

Tools for SuccessTool Recommendation: Google AdWords Keyword Toolhttp://3deep.co/KeywordInsurance

Page 38: Marketing for Independent Insurance Agents on a Shoestring Budget

Cost Comparison

$0 $1MM +

Agents Pros

Page 39: Marketing for Independent Insurance Agents on a Shoestring Budget

Email Marketing

Page 40: Marketing for Independent Insurance Agents on a Shoestring Budget

Why Email Marketing?

Email marketing helps to keep your current and prospective consumers engaged throughout the entire buying process

Page 41: Marketing for Independent Insurance Agents on a Shoestring Budget

How the Pros Do Email

Pros use email marketing software solutions such as ExactTarget, Eloqua, Epsilon, Responsys and Silverpop to deliver sophisticated email programs

Page 42: Marketing for Independent Insurance Agents on a Shoestring Budget

What the Pros Pay

Depending on the size of your mailing list, pros begin paying $25,000 per year for software all the way up to $1MM+ for a fully managed email solution

$0 $1MM +

Pros

Page 43: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent AlternativePrograms like ConstantContact and MailChimp help you to design attractive email newsletters, manage mailing lists and execute an email marketing campaign

Page 44: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent AlternativeEmail marketing can be easy with templates that allow you to easily edit text and images while adding social media links for a professionally designed email campaign

Page 45: Marketing for Independent Insurance Agents on a Shoestring Budget

Cost Comparison

$0 $1MM +

Agents Pros

Page 46: Marketing for Independent Insurance Agents on a Shoestring Budget

Measurement

Page 47: Marketing for Independent Insurance Agents on a Shoestring Budget

Why Measure Effectiveness?

Without properly measuring marketing efforts, it is difficult to understand whether online marketing is successful

Page 48: Marketing for Independent Insurance Agents on a Shoestring Budget

How the Pros Do Measurement

Omniture and WebTrends are enterprise class web analaytics tools. Foresee Results and iPerceptions are expensive voice of customer analytics tools

Page 49: Marketing for Independent Insurance Agents on a Shoestring Budget

What the Pros Pay

These technologies cost at least $10,000/month and upwards of $1MM/year

$0 $1MM +

Pros

Page 50: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent Alternative: Free

Google Analytics is a best in class web analytics tool, and it’s free. 4Q Suite provides actionable voice of customer data, and has a free version for beginners.

Page 51: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent Alternative

Google Analytics provides many great insights on your visitors and is widely adopted: 50% of all websites use Google Analytics

Page 52: Marketing for Independent Insurance Agents on a Shoestring Budget

The Agent Alternative

Learn how many visitors complete their tasks, as well as how many have trouble finding information on your site with 4Q Survey

Page 53: Marketing for Independent Insurance Agents on a Shoestring Budget

Cost Comparison

$0 $1MM +

Agents Pros

Page 54: Marketing for Independent Insurance Agents on a Shoestring Budget

Marketing on a Budget

Page 55: Marketing for Independent Insurance Agents on a Shoestring Budget

Yearly Online Marketing CostsUsing the tactics mentioned in this presentation, you can compete with the pros in many aspects of online marketing.

OR

You can work with Agoragate

$0 $10MM +

ProsAgents

Page 56: Marketing for Independent Insurance Agents on a Shoestring Budget

Agoragate Program CostsThe Agoragate program was designed from the ground up by the pros to provide independent insurance agents with a complete web solution.

Learn more today at www.insuranceagoragate.com/products

$0 $10k

Starting at $1,560 Per Year

Page 57: Marketing for Independent Insurance Agents on a Shoestring Budget

Questions?

Sign up for the Agoragate Program Today at:www.enhanceinsurance.com/signup

Link to Today’s Presentation:3deep.co/InsuranceTrust

Free/Inexpensive Tools Mentioned Today:

WordPress - wordpress.org Google Alerts – google.com/alertsSocial Mention – socialmention.comGoogle Places – google.com/placesMailchimp – mailchimp.com4Q Suite – 4qsurvey.com

HARO – helpareporter.com

Tweetdeck – tweetdeck.comYouTube – youtube.comGet Listed – getlisted.orgConstant Contact – constantcontact.comGoogle Analytics – google.com/analytics


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