6 lead generation tips for new insurance agents
1. Ask for referrals
When it comes to the quality of a lead, a referral from a satisfied client can’t be beat. Unfortunately, referrals are hard to come by when you're new and your client list is small.
But there's no rule that referrals must come from a customer. You can get introductions to potential clients from people who already trust you, such as your friends, family, or former colleagues.
And even if you get the dreaded call from a client asking to cancel their policy, make sure you remind them that you’re there for them anytime they need you. Consider creating a system to conduct exit surveys when clients leave to look for areas for improvement.
2. Be active in your community
Volunteering is a good way to establish a reputation as a caring and committed member of your community. But you can also show off your insurance industry chops by doing things like:
- Advising local charities on their insurance purchases.
- Hosting insurance seminars for small business owners.
- Taking part in area meetups or online forums.
- Offering to be a guest speaker for business groups.
- Assisting clients' friends or relatives when appropriate.
It may be tempting to do so, but don’t treat these situations the way you would a sales presentation. While ultimately you’d like these interactions to generate insurance leads, your first goal should be contributing to your community. The sincerity you demonstrate will keep your name top-of-mind and draw prospects to your agency when they need your services.
3. Go old school
Spam folders, privacy laws and the Do Not Call Registry have unfortunately made connecting with insurance leads more difficult than in the past. But some tried-and-true prospecting tactics still work, such as:
- Fishbowl drawings
- Ask a restaurant if you can collect business cards and offer their gift certificates to weekly winners.
- Print advertisements
- Advertise in industry trade magazines with postage-paid pull cards.
- Read the local paper
- Scan the marriage and engagement announcements for personal lines sales opportunities.
4. Go new school
Your website is a good tool to help you generate leads. Enable features that request contact information, such as a "Get a Quote" button or newsletter signup. But bear in mind that these elements won't do all the work for you. You might also want to do things like:
- Put contact forms on every page.
- Include testimonials to enhance your credibility.
- Highlight your contact information.
Don’t bypass the possibility of garnering referrals from social media, either. This often-untapped resource for finding clients can (and should) be harnessed by new insurance agents looking to grow their client lists.
5. Start a referral program
In some ways, launching a referral program is as easy as remembering to tell every client something like, "Please keep me in mind if you hear of anyone else I can help." But to really add momentum, it doesn’t hurt to throw in an incentive for every referral. These incentives could include:
- Lottery tickets
- Gift cards
- Movie tickets
Many state insurance departments allow incentives as long as they aren't attached to a sale, but make sure you check with your department first.
6. Network like you mean it
Tons of people need insurance, but most of them aren't sitting in your agency. Start meeting them by:
- Joining your chamber of commerce.
- Attending meetup groups and networking events.
- Getting active on social media.
- Connecting with your alumni association.
Don’t let the idea of prospecting, networking, and finding clients scare you away from your dream of opening your own independent insurance agency. By using unconventional tactics, networking, launching a referral program, and bettering your community, you’ll drive business straight to your front door.
Complete Insureon’s easy online application today to compare quotes for business insurance from top-rated U.S. carriers. Once you find the right policy for your small business, you can begin coverage in less than 24 hours.