Insurance agents need to include social media in the marketing mix but platforms and social marketing campaigns need to be related to traditional objectives in the area of customer development, referrals, and new business from other sources.
14. WHAT WOULD MAKE YOU RECONSIDER
SWITCHING YOUR INSURANCE?
54% - PRICE
39% - LOYAL REWARD
TY
15. More than 50% of Facebook
fans and 67% of Twitter users
are more likely to
MAKE A PURCHASE from
the BRANDS THEY FOLLOW
16. Insurance Facebook friend facts
About 4,000 insurance agencies have Facebook links
or buttons on their website
The average number of agency Facebook fans is about
100
Classic car insurance specialist Hagerty has almost
42,000 likes; Heacock Classic has over 45,000
17.
18.
19.
20. What is your relationship based on?
Unless you engage in conversation, you
will never know.
24. “It’s much harder to sue someone you like.”
Anonymous risk manager’s
advice to a physician regarding
malpractice lawsuit exposure.
25. Seth Godin’s advice
“If Progressive is proud of their tactics,
they should say so. ‘We fight against
claims to keep our costs low, saving you
money.’ But if they're not proud, they
should tell the truth, learn from it and
apologize.”
36. Where do young consumers start?
“They are far more influenced by their
friends and family when it comes to buying
insurance than by professional sales
people.”
source: Voice Of The Personal Lines
Insurance Consumer Surveys, Deloitte
Research, June/July 2011
45. Shoppers have more tools than ever to
compare prices, purchase online, share
information and influence brands
46. Enough evidence is in to assert that social
media will have a positive impact on sales
47. Getting started
Set up Facebook, LinkedIn, G+, Twitter
Individual and Personal Accounts
Identify LinkedIn Groups
Determine content editorial schedule
48. Set Goals
Network growth
Engagement
likes
comments
shares
49. Relate goals to traditional results
Retention
Referrals
Account development
Close ratios
50. Build a network
Contests
Email to Customers
Interact
Advertising
51. Best Practices
Know your audience
Frequency - don’t become a ghost town
Relevance
Temper the sales pitch
52. Build Trust
“Trust was a big factor for a significant
number of respondents, with four out of 10
auto and homeowners (consumers) surveyed
indicating they use an agent because they
don’t trust insurers to deal with them fairly.”
source: Voice Of The Personal
Lines Insurance Consumer Surveys,
Deloitte Research, June/July 2011
57. Summary
Set objectives in traditional areas
Choose and set up platforms
Post (editorial schedule)
Build your network
Measure engagement and network health
58. Resources
Guide: Social Media Marketing for
Insurance Agents
Recording
Slide set
Marketing Worth Concierge
Social Worth a la carte