Search Engine Marketing: How Insurance Agents Can Take Advantage
Megan L. MahanJames Omdahl
InsureMe.com
About Your Presenters:Megan L. Mahan
•Lead copywriter; InsureMe.com
•Author of award-winning Agent Blog
•Sometimes-contributor to the TAAR Report
•Hearty adversary of direct mail, cold calling & green beans
About Your Presenters:James Omdahl
•Marketing Strategist for InsureMe.com
•Author of award-winning Affiliate Blog
•In-house search engine marketing (SEM) expert
•Advocate of hand sanitizer
About InsureMe:
Online lead generator
Serving 5,000 agents nationwide
1,000,000 web site hits per day
#2 best place to work in America
Located in Denver, Colo.
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Part One: Why you need to care about the web
210,080,067 Americans are online
Source: InternetWorldStats.com
Megan’s Grandpa: Online since 2000
Web + Consumer = Happy together
Overworked
Overwhelmed
Information hungry
Professional multitaskers
Addicted to leisure
Like it our way
Consumers spend 48% of leisure time online
Source: Center for Media Research
15% spent on personal productivity
12% spent shopping
1 hour 40 minutes of internet use per day
52% surf the web while watching television*
Source: Yahoo Global Marketing Study
*This figure jumps to 60% in the 18-34 demographic
72% can’t remember URLs from TV ads
75% of Yahoo survey respondents said they turned to the web because they couldn’t
remember a URL from a TV ad
What’s it all mean?
Simple web search introduces 79% of consumers to new auto insurance brands
Source: Yahoo Search Marketing Research & Engagement Study
56% of people looked at a site they didn’t intend to because it was one of the first few links in the search
results
Quoteable:
“Customers build an image of a brand as birds build nests: from the scraps and straws they chance upon.
Jeremy Bullmore, JWT
Searchers are looking to be influenced
Web users are most open to discovery
Source: Yahoo’s 2006 Long and Winding Road Summit
Web users consider more brands before buying
Average number of brands considered before purchase
2.50 (regular web user)
1.80 (casual web user)
1.50 (non-web user)
Source: Long & Winding Road
Consumers expect you to be online and they expect to find what they want
72% of auto insurance shoppers use the web to find a policy
Source: Jupiter Research
31 million people visited an auto insurance web site in Q4 2006
That’s double the 15 million who visited the same sites in Q1 2004
Source: comScore; April 2007
29% annual growth in first-time online visitors
Source: comScore; April 2007
58% annual growth in polices purchased online
Source: comScore; April 2007
28 million used the web to receive quotes in 2006
Source: comScore; April 2007
More than 70 million people requested quotes via the web from 2004-2006
Source: comScore; April 2007
This web insurance shopping business brings up a big question:
Will online insurance shopping have me riding the bench?
Good news!
Most people still prefer to buy their policy from a local agent
Source: comScore; April 2007
Of those who bought from a local agent, half used the web to request preliminary quotes and research their purchase
Source: comScore; April 2007
Of those who used the web to find auto insurance, 86% used the web to find related information
Source: Forrester Research, 2005
The rub:
“For marketers who have ignored or underplayed cyberspace, it’s probably a good time to panic a little.
Rob Norman, CEO Group M Interactive
Good news!
Web + Marketing = Happy together
2007 online ad spend: $20 billion
Direct mail
…cold calling
…outdoor advertising
The web can help you build your brand and generate cheap sales leads
The web provides results you can measure
Permission Marketing:
Marketing centered around obtaining consent from a sales prospect to market to them; building an in-depth relationship with each prospect.
Interruption Marketing:
Marketing activities that disrupt consumer activities (SPAM, pop-ups, telemarketing, etc.)
Quoteable:
“Selling to people who actually want to hear from you is more effective than interrupting strangers who don't.
Seth Godin, Marketer and Author
Search Engine Marketing
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