Top 5 Marketing Strategies for Insurance Companies

marketing strategies for insurance companies

Having an incredible marketing campaign can go a long way in determining your company’s future. It’s crucial to know what your marketing goals are and how to achieve them. A great marketing strategy will definitely help you improve and expand your business to reaches that are usually far beyond your grasp. But you can’t do this if you don’t know how to run a proper marketing campaign. Sure, you might have a great idea, but if you can’t realize that idea, there’s no way that any change will happen. What you need is knowledge and imagination because both of these traits will enrich your marketing campaign and let you create something unique. Your main goal should be to create an amazing marketing campaign that will bring even more customers your way.

Regarding insurance companies, if you’re an owner of such a company you shouldn’t have any difficulty running a successful marketing campaign using these tricks. You’ll even be able to negotiate lower car insurance. Without further ado, here are the top 5 marketing strategies for insurance companies!

Be aware of the market

Being aware of the market will bring you an advantage over your competitors plus you’ll be able to know exactly what the people are looking for. If you don’t constantly keep track of the market, there’s a high possibility that you will lag behind others. Don’t allow this to happen by monitoring the market at all times. As the market changes, so should you and your marketing campaign. Staying in the past, even though it is more stable, generally means that you won’t be able to stay in front of the competition. Dedicate some of your resources into keeping track of the market, and you’re all set!

Initial situation and project goal

Once you start your company, set an immediate goal that you’ll strive to achieve in a personally given amount of time. Goals are crucial for all companies because you must have something to strive for. If you don’t, then chaos appears, and chaos isn’t good. The organization is key and, we can’t stress this enough, invest in some great organization – it will make your life easier. Take a look at the initial situation, and you’ll get an idea of what exactly you want to achieve and which way to take to that destination.

Measure the effectiveness of marketing

Once you develop a marketing campaign, make sure you check out all the variables and see if the campaign is any good. If there are too many faults and possible room for error, then it might not be a good idea to go through with that particular campaign. Otherwise, simply polish the plan and start working. Measuring the effectiveness isn’t only necessary at the beginning of your marketing campaign as the effectiveness itself can change depending on the circumstances. In short, you should constantly keep checking on things, so you know everything is going great and if, in the case of an issue or two, you need to make changes, you’ll be able to make them quickly and efficiently.

Project results and outlook

Once you run your marketing campaign and strategy, you’ll need to keep checking on how well they’re doing. Of course, we covered this in the previous part of the article. This is the part where we talk about the end-result of a marketing strategy. You should project the results and check if there is any room for improvement. Of course, you should fix the bad parts and issues, but you should also perfect the good parts. Once this is done, take a look at the results as a whole and see which smaller part simply doesn’t fit. If you do this with enough attention to detail, your next marketing campaign will fare much better.

Accumulate feedback

Finally, listen to your customers and employees. Listen to what they say because their feedback is incredibly important. If there is anything wrong with what you chose to do, then your customers will notify you. Accumulate all of this feedback and take a long, hard look. You’ll know if what you’re doing is right or wrong, which lets you plan what to do in the future accordingly!


Andy Bell a content writer who loves reading and writing different blogs. He writes about the categories like Money, Networking, Business, Insurance and many more.

Blog to Grow Your Email List

email marketing

Okay. One of the realizations that has just slapped me in the forehead has been by Internet marketer, Terry Lamb.

Guys, I’ve been marketing online, I’ve been marketing in the online and offline worlds for over 20 years, right? So I should know this stuff. I should know this one little jewel, and I needed to be reminded of it because I had strayed from the path.

The path that I strayed from, the learning that was brought to me by Terry, was this: He said in one of his recent webinars that his number one purpose for his website is to entice people to sign up onto his mailing list.

That’s his one, singular purpose.

At that point, then he can have a conversation with them. Once he’s gotten somebody added to his list, he can teach them. He can bring value to them. He can offer them recommendations—product recommendations, solution recommendations—that kind of thing. But until then, they’re not a captive audience. They’re visitors. They hop onto the site and if they leave the site without ever signing up to your list, you may never see them again.

You know, for the last year or so I had kind of fallen away from that. I’ve been building an email list for a while, but I realized I had been falling away from it. I have been pushing people more towards the Facebook channel, or more towards the Twitter.

Really, the destination is the mailing list.

If we have conversations over at Facebook, if we have conversations over at Twitter, or Google+, or wherever, that’s all great. But ultimately, you want the ability to reach into people’s inboxes to say “Hi. How you doing today? What is it that I can help you with? This is what I found to be helpful on my mission (and on our combined mission) to get from point A to point B.”

That little bit of awareness I needed. That’s my lesson for today. What can you guys do to help make your website more of a destination, first? So are you building value into your website?

Then, secondly, how do you keep the conversation going? How do you keep yourself on their forefront?

There’s your challenge for today. All right guys. This is Matt Schoenherr, MarketingIdeas101.com. In support of your efforts.

P.S. – Interested in how to grow a captive audience online? Get the Internet marketing training I use!

Infographic: Can Celebrity Endorsements Influence Sales?

Celebrity endorsement has always been seen as a viable option for companies to promote their products. Many companies believe having their products associated with a popular celebrity will help drive sales. Consumers seem unsure of their influence with 51% stating that celebrity endorsement makes little to no difference on their purchasing decisions.

While the ROI on many marketing techniques is measurable, ROI on celebrity endorsements can be more difficult to quantify. There are many potential benefits associated with celebrity endorsements but there are also many potential pitfalls that need to be monitored carefully.

These pitfalls are created when you rely solely on one celebrity to promote your product. The reputation of your company is potentially in the hands of one person whose image can change overnight as a result of some celebrity scandal. Is it really worth running this risk?

As a result of this, the success of celebrity endorsements vary greatly and it really is a case of some working and others not. The importance of choosing an appropriate celebrity is paramount to minimizing the risk of negative publicity for your company. It is worth keeping in mind that the risks associated with celebrity endorsement can never be nullified completely, and reacting to the negative impact of celebrity endorsement will need to be dealt with carefully.

infographic celebrity endorsements

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This infographic from Sign A Rama Toronto provides you with the statistics on how influential celebrity endorsement really is, as well as the stories behind the successful and unsuccessful celebrity endorsements throughout the years.

What are the best examples of celebrity testimonials you know? What are the worst?

The Importance of Consistently

by Lori Saitz

According to Dictionary.com, the definition of the adverb “consistently” is “in a systematic or consistent (reliable, steady) manner.” No matter what you’re doing, doing it consistently is the key to success. Now that I just wrote that, let me add the caveat that whatever you’re doing also needs to be in harmony with the universal concepts of good. I’m thinking someone who consistently robs banks will eventually get caught and therefore not be successful. But I digress.

Recall all the times you’ve started an exercise program. After several weeks of working out consistently, you start to see results. It’s not as important that you work out really hard or for a long time each session as it is that you do it consistently. Maybe the results are not coming as quickly as you would like; that’s okay. Trust that changes are happening. If you continue to work out consistently, after a few more weeks, you’ll see definite and positive improvement in your physical and mental conditioning.

If you want to talk about things moving at a glacial pace, we can look at, well, glaciers. They move incredibly slowly, right? But they are moving consistently and eventually you (okay, maybe not you, but a scientist) will notice that they’re in a different place than they were.

We can apply the same principle of consistency to your business and the good news is it won’t take millions of years to see the changes. Research has discovered that communicating with your clients at least 25 times a year is optimal. WHOA! That’s the initial reaction I get from people when I say that. “Twenty-five times a year is way too much for my business!” No, it’s not. Here’s how you “touch” clients 25 times without being a pest.

Personal contact

You probably talk or meet with each of your clients at least once or twice a year just in the normal course of doing business. Personal contact is very important to keeping the relationship going. If you can’t manage to make a phone call or have lunch with a client once in an entire year, he’s probably not that good of a client. And for sure he won’t be a client for very long.

So that’s two times of contact.

Send birthday acknowledgement

A card, a little gift, something to let him know you remembered his special day. When is the last time one of your vendors or business partners acknowledged your birthday? Has it ever happened? Generally your birthday is a day that is yours alone; it’s not like a national holiday that everyone is celebrating, so it’s your special day. If you have a good relationship with your client, sending a birthday acknowledgement is not a hollow gesture and will be much appreciated.

That’s one more time, so we’re up to three.

Share industry information or tips

You can do this through an e-zine like this one, regular e-mail, a printed newsletter, copies of articles from a magazine, whatever works for you. I recommend sending this kind of information at least once a month. You may argue that you don’t have time to compile stuff that often and that once a quarter is good enough. I’ll give you that quarterly is better than not at all, but higher frequency, more consistently (just like working out) yields better results. If you are providing useful information, recipients will not mind receiving it.

Do it 12 times a year, added to the previous three and we’re at 15.

Mail postcards or greeting cards

Promote a special occasion, upcoming workshop or unusual event. Everyone sends cards and gifts for the holidays at the end of the year. Now more and more people are jumping on the bandwagon to send stuff at Thanksgiving, thinking that will set them apart from all the December exchanges. Who is reaching out at Groundhog Day (February 2), International Customer Loyalty Month (April) or Flag Day (June 14)? Pick a few times throughout the year and use them to express your personality, say thanks for your business or ask for a referral in an unusual way. Your clients will remember you better and more often.

Every other month is six times, plus the 15, and we’ve got 21.

Recognize clients’ accomplishments

When you see an article in the newspaper or hear through the grapevine about a client’s good fortune, send a handwritten note, (or at least an e-mail), to say “Congratulations!” Who doesn’t like recognition for a job well done? And your client will feel good about you for having taken the time/interest to let her know you’re aware of it.

Let’s say you do this once a year and now we’re closer to the target with 22.

Write a column for the local newspaper, industry publication, association newsletter, etc.

Share your expertise with an audience that includes your clients, as well as potential clients. You position yourself as an expert and you reach a lot of people at one time with minimal effort. If there are 1,200 readers, it certainly beats making 1,200 phone calls, doesn’t it?If you get published three times, we’re all the way up to 25! Wow, that wasn’t so difficult.

In addition to these suggestions, you may have some other ideas on what you can do to keep in touch with your clients. Take some time today to come up with a plan for consistently communicating and improving rapport with your clients.

You’ll soon see that whatever you choose to do, doing it consistently yields fantastic results.


Lori Saitz is an appreciation marketing expert and the founder and president of Zen Rabbit Baking Company. She created the Zen Rabbit Gratitude Program for business professionals who believe expressing appreciation – for their clients, referral sources and anyone else who supports their success – is important.

Educate Your Customers, Grow Your Revenues

by Ken David

What is marketing? First, it’s about understanding deeply the needs and wants of your customers and providing them with greater value. You must clearly identify the demand in the marketplace. At a minimum, most businesses can improve significantly in this area.

However, the real power and leverage of marketing comes from the next level of influence, communicating convincingly your unique and superior value proposition.

Marketing is about communicating with and educating your customers, prospects, and referral sources why it’s in their best interest to do business with your company. It is about educating the right target audience on the unique and superior advantages, benefits, value, and results you can provide and sharing the credible evidence/reasons that support and back-up such promises.

In short, marketing is about educating your target market on the advantages of doing business with you and the reasons why they should trust you to deliver on your promises.

Instead of impacting one prospect at a time (i.e. direct selling), marketing allows you to communicate with, educate, and influence many buyers at once. In a sense, marketing is a one-to-many selling system. Marketing allows you to target and influence large groups of customers, prospects, alliances, referral sources, reporters, etc. in a single action.

Unfortunately, most business owners mistakenly try to tackle most goals (i.e. growing sales) with a one-to-one, single weapon, combat mentality. For example, instead of considering the leverage of marketing (i.e. strategic alliances, referral systems, direct mail, telemarketing, etc.) to grow sales, many owners remain in the same comfort zone and deadly rut of using a single weapon like direct selling. They miss the chance to use air support (marketing) to vastly aid their ground war (selling).

They fail to consider and try new options, new approaches, and new strategies.

While all businesses have a selling process (converting leads to customers), most do not have a legitimate marketing process (generating qualified leads). As such, they miss out on tremendous leverage and revenue opportunities.

Your goal should be to add an ongoing marketing process to your business. Again, marketing is nothing more than understanding the needs of your customers and then communicating to them the superior advantages/benefits they can derive by doing business with you.

Think of marketing as ongoing education. You are educating customers, prospects, and referral sources why it’s in their best interest to do business with your company.

There are only 5 ways to grow your business:

  1. Keep the customers you have,
  2. Bring in more customers,
  3. Increase the average transaction size (unit sale),
  4. Increase the frequency of purchases, and
  5. Say “no” to bad customers/prospects.

In short, keep what you have, bring in more customers, sell larger amounts to them, and sell to them more often. Do one of these well and your business grows. Do two or more of these well, and your business can grow by quantum leaps and bounds, geometric growth instead of mere linear growth.

For this article, we will focus on strategy #1, keeping the customers you have. Don’t underestimate the need to satisfy and retain customers. Most businesses put too much money, time, and effort into chasing new customers/prospects and far too little resources trying to keep their current ones.

However, we all know that you can’t fill up a bucket if you don’t plug the leaks in the bucket. Real profits and stable revenue streams come from long-term relationships and repeat business with your current loyal, profitable customers. Some experts declare that 80% of a company’s future growth comes from existing clients, if served and cultivated properly. As such, customer satisfaction and retention should be your #1 marketing priority.

The primary purpose of a business is to attract and retain customers. You can’t grow and remain in business without keeping the customers you currently have. First, you must measure your current attrition rate (loss of customers) and set a goal for dramatically reducing this rate.

For example, let’s say, on average, that you lose 20% of your customers every year. A realistic goal would be to reduce this attrition rate to 10% per year.

Bottom line, it is easier and nearly eight times cheaper to serve and retain current clients/customers than to pursue new ones.

Once you have plugged the holes in your attrition bucket, you want to serve better and get closer to these profitable and worthy customers. You want to better understand their needs and then fulfill as many of these needs as possible with additional products and services. Continually communicate with your customers. Educate them. Give them value. Give them solutions. Focus on them and their needs, not on your products/services.

Communicate with them in person, in letters, in faxes, in emails, via your website, brief newsletters, etc. Don’t worry; you can’t over-communicate with your customers. Like employees, keep them informed, involved, and inspired to continue doing business with you. Also, repeatedly ask your customers the following questions:

  • “How are we doing?”
  • “What other needs do you have?” and
  • “How could we improve our value to you?”

Your objective is to provide them with more value more frequently and as a result, you will benefit with more profits. Never sell a customer only once. Real profits come from repeat business. As such, set goals to increase the frequency and size of repeat business. You want ongoing relationships and ongoing sales. Also remember, marketing is about educating your customers.


Ken David is the president of The Growth Coach® in Haslett, MI, a business coaching firm dedicated to helping business owners get more out of their businesses and personal lives.