Leader’s Edge Feature Offers Digital Marketing Insight and Advice

Leader's Edge logoQuestion: When there is so much Internet noise, how do you make sure your company stands out? Answer: Digital marketing.

As I explain in my recently released Leader’s Edge article, “From Buzz to Bucks,” digital marketing encompasses everything from social media marketing to links, search engine optimization (SEO), video, advertising and other channels.

In general, the insurance industry is behind other sectors when it comes to mastering digital marketing. Digital marketing is not a replacement for all traditional marketing techniques, but it a crucial part of a marketing plan.

The article includes interviews with digital marketing experts and agents and brokers reaping positive results from digital marketing. Their advice can help nearly any company. There is also a sidebar devoted to determining return on investment (ROI) and another covers social media.

Some Digital Marketing Tips Getting started in digital marketing is just like any other form of marketing or public relations strategy.

  • Define your customer, their interests and pain points to develop appropriate messaging. I don’t believe you can know enough about potential or current customers. 
  • Surveys, focus groups and asking readers for follow-up are important tools for better knowing customers. A lot of companies skip this step to their peril. Don’t make that mistake. Hiring an outside firm is a good idea to assure objectivity. At the very least, make sure sales staff keeps track of lead origination. They should be asking – and keeping records — about how customers heard of the company, what prompted them to contact the company and content of interest. 
  • Also, take a close look at your website. Since about half of viewers use their mobile devices to look up information, at the very least, the website needs to be responsive so it’s easy to read and navigate.

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I believe that any new marketing strategy should be approached humbly…

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  • Make sure call-to-action buttons are well placed to transform readers to leads. 
  • Re-evaluate your social media strategy. Are you on LinkedIn, Facebook, GooglePlus and Twitter? If so, post on a regular basis to keep your company top of mind. If not, get signed up! 
  • The secret to great SEO has much more to do with content than fancy programming techniques. Make sure the information is written for readers as search engine algorithms try to mimic what people want to read. Speaking of search engine algorithms, Jayson DeMers, one of the experts quoted in my article, published a piece on Entrepreneur this week explaining how Google’s future algorithm change on April 21st will “revolutionize the way mobile friendliness is determined.” It’s worth checking out. Regardless of algorithm changes, quality content continues to be more important than ever. (Please see the “quality content” tag on this blog to learn how to produce it.) 
  • Make sure your material meets your customers’ needs. 
  • Re-evaluate your website and other content for SEO. Do not stuff content with searchable words. Search engines hate the practice and give sites that do it lower rankings. 
  • Blogging is another way to provide quality content. It requires a time commitment, but regularly introducing quality content – at least once per week — through blogging is very effective for boosting SEO and keeping your company top of mind. Post it on social media sites including LinkedIn. 
  • Take the best sentences and points and feed them into Twitter. To ensure originality and be rewarded by search engines, avoid companies that sell pre-packaged content. Yes, it’s cheaper, but it might not fare as well with search engines. Quality content can be developed by company subject matter experts, guest bloggers and freelance writers. 
  • Graphics play a critical role in presenting content. The right picture can be worth a 1,000 words. Since many people prefer to get information by watching rather than reading, video also plays a role in digital marketing as well.I believe that any new marketing strategy should be approached humbly because the arena continues to evolve. Each company should track every tactic they pursue to see what is most effective. For example, an agent or broker who sells both personal and commercial lines might find that Facebook postings are more effective for selling personal lines and LinkedIn works better for commercial lines.

    Which digital marketing tactics are working at your company?
                 

Brokers Must Use Their Data for Future Success

Digital UTo attract and retain customers, insurance brokers need to take advantage of data already buried in their electronic and paper files.

My Leader’s Edge article, In the Zone: Keep Your Head in the Game Retaining Clients By Using the Competitive Data Hurtling Right at You, explains why 20th century business practices and assumptions no longer work in a world of Internet purchasing and big data.

Business insurance buyers are already shopping around online for coverage that once depended solely on business relationships. Insurance companies are already using their data to target and sell products to specific customer profiles.

And since insurers also add to their data with outside data to develop models, brokers must follow suit to retain clients and expand on the insurance coverage they are already selling.

I hope you enjoy the article. Feel free to comment below as you wish.

P.S. If you want to learn more about data and analytics, you can see past blogs on the topic under the predictive modeling tag.

Predictive Modeling ‘s Impact on Agents and Brokers—and Their Clients

Predictive modeling pieces together data in new ways

Predictive modeling pieces together data in new ways. (Thanks to steve.kargs.net for the pic.)

Leader’s Edge magazine just published my article on how predictive modeling will affect agents and brokers who sell commercial insurance – and their customers. The article, Modeling the Futureexplains how agents and brokers who invest in their own predictive models can see significant returns on their bottom line.

Many agents and brokers are already being affected by the predictive models of the insurance companies they represent. To a greater extent, predictive modeling reveals the true risk of employers. Some agents’ customers will see price improvements while others will experience the opposite. Insurers also need to do a better job informing their agents of how they are using the models so agents can respond appropriately.

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Those who adapt quickly will do well, those who do not will be left behind.
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Agents and brokers with the interest and resources to invest in their own predictive models will be able to offer better products and services. My article features one company that is increasing revenue by improving the value proposition of workers’ compensation products and services with predictive modeling.

Some agents bristle at the technology, but predictive modeling is here to stay. Those who adapt quickly will do well, those who do not will be left behind.

I hope you enjoy this last article under my current byline. Since I am getting married this Saturday, my future byline will be Annmarie Geddes Baribeau.

If you want to read more about predictive modeling, please check out the “predictive modeling” section under “topics.”

Why Karen Farris Is Among My Heroines

Karen Farris, one of the first female executives in the male-dominated insurance industry, is featured in this month’s issue of Leader’s Edge magazine (http://www.leadersedgemagazine.com/archive/June-2012/pro-file.htm.) I am privileged to be the story’s author.

Karen personifies that being successful should be not be about gender. She certainly did not make her’s an issue. She graduated from college in 1972, when the Equal Employment Opportunity law also was enacted, and shattered the glass ceiling by being herself. Her inspiration, however, did not come from the feminist movement, which was taking place during her college years. It came from her parents, who convinced her she could be anything she wanted to be. Comfortable in her feminine skin, she never bought the idea that to be equal to men, it was necessary to act like them in a man’s world.

By not making her gender an issue and focusing on professionalism, her male counterparts respected her and helped her get to the top. Karen is the chairman of Roach Howard Smith & Barton, a large Dallas-based insurance brokerage firm.

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By being free of a larger social agenda, she moved to the top by being herself and loving her work.
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It’s not to say that feminism did not open doors for her. The resulting EEO Act did encourage more career opportunities for women and minorities. My mother, who also worked in the insurance industry then, told me that before EEO Act, women pretty much just did clerical work. My mother started to see women given managerial positions at Cleveland’s Progressive Insurance though they starting by supervising four to five women. Remember, these were the times of Archie Bunker, when men were generally not comfortable with female bosses.

And yes, Karen was the first woman to join the Rotary Club in Dallas after a U.S. Supreme Court decision gave women entry to previously male-only organizations. She joined to participate, not to prove anything.

I did not know Karen before I was assigned to write about her. It so happened that she grew up in Euclid, Ohio, as I did, graduating from Euclid Senior High School the year I was born. She is a breath of fresh air for me. Being in the first post-baby boomer generation, my feminist professors stressed pursuing a career for the sake of the sisterhood. They talked as if all women before feminism lived in a miserable domestic prison. Certainly, there were women who felt that way but I wonder if there are just as many now who wish they could be home with their children. My grandmothers were not miserable.  My great-grandmother was a landowner and rented out property.  My great aunt had a career in marketing.

In its purest form, feminism is supposed to be about women having more life choices. From my experience, too many of my feminist friends bristled at my choice to be a stay-at-home mother with a part-time career. Women are still learning to support each other’s choices. We have to quit judging each other.

By being free of a larger social agenda, she moved to the top by being herself and loving her work. That’s a great example for women and men.