LinkedIn

Insurance Providers + LinkedIn = New Customers

Leave a Comment / Insurance, Sales, Uncategorized / By / / , , , , , , , , ,

It’s time to learn to love LinkedIn (again). We know it might have been a while — You signed up once because you thought it’d be a good idea. Occasionally you get an email people are looking at your profile. Perhaps you’re subscribed to a few groups. You get notified about new insurance jobs or industry people who want to connect with you.

But you never sign back in — Who has the time? You need to service the insurance customers you\’ve got now, right? Well, yes. But that doesn’t mean you should dismiss LinkedIn out of hand. Here’s the thing — Used well, it’s an incredible way to get new customers, grow your insurance business, and get noticed. And who doesn’t want that? Certainly not you, and certainly not us.

So, deep breath, head over to LinkedIn, and learn how it can help your business thrive.

Connecting with potential customers on LinkedIn. LinkedIn is the largest network of professionals and business people in the world. And you know what all professionals and business people need? Yep. Insurance. Whether it’s business and professional liability, property, product, or personal coverage, they are your marketplace. You can use this to your advantage. It’s really not that hard – Trust us – Here’s how it works:

  • Update your LinkedIn profile — The five-year-old picture of you with the cheesy grin probably isn’t going to cut it. Go professional, and create a compelling profile to match. Tell your story, don’t just list your resume highlights. Why should someone buy their insurance from you? What’s your Secret Sauce?
  • Look at your Prospect List — Are you connected with any of them? Probably not, and that’s ok – We will get there! Now, see if any of your connections are connected with any of your prospects. Ask for introductions.
  • Make new connections within your tribe — Connect with other insurance professionals, people you used to work with, and other LinkedIn members. Stay on top of industry news and see what other folks are doing.
  • Join relevant groups — Where are your prospects hanging out?
  • Once you’re connected, develop relationships — Don’t try to push the sale – Build relationships, offer advice, have conversations. Wait for opportunistic moments to talk about your expertise
  • Move towards a sale — When the time is right, offer your guidance and ask prospects to view their insurance portfolio. The sale will happen if you’ve built up some trust.

Becoming an expert in your field. Something else LinkedIn allows you to do? Demonstrate your expertise. No, we’re not thinking about your talent at creating origami swans, or that time you replaced a carburetor without a manual, we’re talking about your insurance business acumen. There are several ways to share your expertise and build authority.

Writing on LinkedIn Pulse. LinkedIn Pulse is LinkedIn’s blog platform. Think of it as a place to create and write insightful, interesting articles and publish them to a wide audience. There are dozens of questions people have about insurance, but don’t know who to ask. You can create posts about those subjects, answer questions, and provide awesome advice.

If these posts do well, they’ll show up in other people’s LinkedIn feeds, LinkedIn search, and maybe even on Google. As the author of these pearls of wisdom, people will look at your profile, see where you work and… Well, you fill in the rest.

Participating in LinkedIn groups. While it’s true that many LinkedIn groups are nothing more than awful, awful spam factories, there are still some good ones out there. Once you’ve found a good group you can respond to questions about insurance and help people out with their insurance issues. Again, this builds your authority as an expert. The next time those people are looking to renew their policy, guess where they’ll turn? Right.

So, you can see, LinkedIn can be a great way to expand your reach and find new customers. Don’t consign LinkedIn to be somewhere you’ll visit “when you have the time.” Rekindle your LinkedIn relationship today, and turn it into a beautiful friendship.

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4 Ways to Use Social Media to Build Brand Awareness

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You’ve heard that social media is a powerful tool for your brand. You’re ready to make content people love to share, but without those first fans, how do spread your message?

Choose the right social media networks

There are hundreds of social networks, but they aren’t all useful to you. Don’t spend your time putting yourself out there on a dozen networks. Find the ones that provide the best results and focus.

Facebook is the most common, but some brands fine it hard to get their content in front of fans if it’s not “sexy.” Instagram is designed for striking visual content and interaction, but there’s no real way to send traffic to another website. LinkedIn is designed for professionals who want to further their careers or find a job. Pinterest is best for visually pleasing subjects that need to be linked elsewhere, like crafts, recipes, and tutorials. Tumblr is for… Well, Tumblr is Tumblr.

Find influencers and exploit their fan base

When you don’t have much of a brand, you need to get your content front of eyeballs. The best way to do that is to leverage the fan base of someone who has already done the hard work.

First, find popular accounts with similar fan bases. Then, collaborate with those accounts so they share your content. You won’t have much to offer in return, so your content has to be stellar (something their fans would love to see) or pay for the privilege.

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Don’t sell too hard

People aren’t using social media to buy products. As much as the social networks would like that to be an avenue for sales, they just aren’t effective. If you’re looking for a clear ROI from your social media marketing efforts, you’re gonna have a bad time.

Social media is about putting yourself in front of your fans with value. At least 80% of your content should be about the customer, not about you. What are their problems? How can you offer information, links, or images that solve those problems? You don’t have to get fancy here. Sometimes the user just wants to be entertained.

Use paid campaigns

Technically, you can build an audience on any social network without investing anything other than time. But who has time? Each social network has their own ad platform. You’ll have to decide which is right for you. In the case of Facebook, for instance, you can pay to have Facebook push your page on other people. On Twitter, you can buy a promoted tweet that forces your content into people’s feeds.

No matter which platform you use, always use their targeting options. Drill down as deep as you can to stretch your money as far as possible. You only want to show your content to people who care.

Post often

At first, it may seem like you’re publishing for no one. Once a few start trickling in, maintain a consistent publishing schedule. Many would-be fans check out your content before committing to make sure you’re worth their interest. If they see you post infrequently or irregularly, they won’t both.

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Be engaging and responsive

Social networks are just that: social. People expect to talk to brands. They want to interact with you because they love your content or product. If you don’t respond, they’ll stop engaging or unfollow from your page/account.

However, if you delight your fans by replying to their comments, liking their content, and making yourself a part of their lives, they’ll reward you by spreading your message to their fans.

Always remember: social media is a tool. And like all tools, it’s only as effective if you use it. Don’t sit around and wait for results. Be active. Be social.

Need some additional guidelines and tips – give us a call!

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Banks and the social media compliance debate

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We work with several financial institutions, and we know that one of their main concerns is compliance – How do you make sure that what you’re saying in your Facebook or Twitter feeds meets all of the rules, regulations, and guidelines of the financial industry? Compliance can be a headache, but that shouldn’t stop you having a good social media presence.

We’ve got a solution we think you’ll love. Here’s why you should consider adding social media and social selling to your marketing.

The way to make sure your posts are compliant is to be proactive – You need to create and manage a proper editorial calendar and have a solid review process for your content. Run your content calendar, posts, blogs, and social media strategy by your compliance department.

They’ll likely provide some advice on how to phrase your posts, what to add, and what to remove. Make sure the person responsible for your social media profiles has regular conversations and check-ins with your compliance team. That way you can ensure everything your publishing has a seal of approval.

As a local bank or credit union, you’ve built up a great reputation in your area. Targeted marketing is a good way to get noticed and to encourage personal and business customers to come to you, but that’s only half the story. If you want more chances to sell your financial products and services, you need to seek out and act on opportunities — We’ll explore exactly how you can do that.

If you’re a commercial lender, your main purpose is lending money to expanding businesses. In addition to income from loans, you can upsell other products like financial protection, insurance, retirement planning, and more. The question is, how do you find those expanding businesses in the first place?

Fortunately, there’s some good technology, which, combined with some tips and tricks, can help you create some powerful leads for your banking services. In this article we’ll cover three main areas – LinkedIn Sales Navigator, Twitter, and other social media.

LinkedIn Sales Navigator

As the largest social network for professionals, LinkedIn is already a strong resource for businesses. Hopefully you’re already making the most of your bank’s LinkedIn presence, but today we’re going to focus on one specific part of the platform, LinkedIn Sales Navigator.

LinkedIn Sales Navigator lets you collect together prospects from across all of LinkedIn, whether you’re connected to them yet or not. It has built in algorithms to help you identify potential clients and businesses who might be in need of your bank’s financial products. It helps you understand where people are changing roles, when organizations are launching new initiatives, and how a business posts about any changes.

You can bring all of this information together in one place so you can start having informed, relevant conversations with the people that matter — The decision makers in your target businesses. It helps you put context around these conversations too, building trust with your potential clients. Combine this with insights into your professional network, other’s profiles, and lead recommendations, and it becomes a very powerful tool for finding commercial banking prospects.

Twitter

You might not think of Twitter as a way to find business banking opportunities, but used correctly it can be a great way to connect with potential customers. Here’s a quick step-by-step guide:

  1. Follow the Twitter profiles of any businesses and professionals in your target geographical area.
  2. Review your Twitter feed to see what people are sharing — Are they discussing new opportunities, products, services or research?
  3. If they are, engage with them — But here’s the trick — Don’t try to sell them anything. Provide useful financial advice, professional banking support, and insight. The idea is to build up trust.
  4. Once you’ve built up that trust, you can suggest products and services to help them achieve their business goals.

It’s vital that you don’t just promote your banking products and services — That can turn people off very quickly. Instead, you want to spend time building up a good reputation and strengthening your expertise and authority.

Other social media

Finding leads isn’t just limited to Twitter either. Facebook, Instagram, even Pinterest can be good places to find new banking customers, if you know how to look. As with Twitter, start by identifying the people and businesses in your local area and connect with them.

Then, spend some time cultivating relationships — Share genuinely useful financial information and links to your Facebook page or Pinterest board. You’re looking to build a brand focused on financial trust. As you add to that content, you’ll get more visibility and potential customers will start to see you as the “go to people” for advice on their money.

As you can see, these tools can help you rapidly expand your banking market. When you start out actively seeking leads, and engaging with them in the right way, you’ll be able to build trust which will lead to more sales of your financial products and services.

Still feeling a little hesitant on tackling social media? Give us a call – we can set up a training session with you and your banking team.

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Yes, LinkedIn can be edgy

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Man, you are missing out if you haven’t tapped into this… I can’t tell you how many times a day I preach about the power of LinkedIn. If you do sales, are looking for a job, or need to expand your network of business peeps – LinkedIn is where the party is 24/7/365. It is by far the BEST place to prospect for B2B connections – yes, I said the BEST.

Oh…and if you HATE cold calling – like most of us, LinkedIn should be your BFF. I don’t cold call – never have, and never will. Sure it works, it’s a numbers game. You make enough phone calls and knock on enough doors eventually someone will say YES. That YES could take 100 phone calls – which is A LOT of time. Or you could make other people work for you and send you referrals. That’s what I do.

Those of you are still saying – yea, I’m not wasting time online when I could be picking up the phone…

  • 450 Million users are on LinkedIn as of this writing, and every second 2 new users sign up. It’s is the biggest “Chamber of Commerce Networking Party” in the world – sans the cheap wine.
  • It’s like a multi-level marketing company or a giant pyramid. You are at the top but the REAL power is in the base. It’s not who you are connected to – or Linked to – it’s who THEY are connected to
  • Six Degrees of Separation – If you use it correctly, one of your connections will know someone who can introduce you to your #1 prospect. WARM REFERRAL – far better than the COLD CALL

Tips:

  • Use the paid version if you are in Sales Beast Mode – such as LinkedIn Sales Navigator – it’s absolutely worth the money
  • If you own a business – Please, please, please have an active business page and post relevant stuff on there. People do look – they really do.
  • Your LinkedIn profile is by far the MOST important part of your personal digital brand.
  • LinkedIn isn’t a Ronco Rotisserie oven – you don’t set it and forget it. You need to nurture, spend time with, and embrace your LinkedIn account – DAILY.

Companies that get it on LinkedIn…

According to our pals at Hubspot – here are some of the top LinkedIn Pages out there – we tend to agree. (see the full list here)

Coca-Cola – With almost 1 million followers, Coca-Cola notes in the Hubspot article that they get great traffic from their LinkedIn Posts, more so than Facebook, and to some degree Twitter. Hmmmm….If I were a betting woman, I would have said that LinkedIn wouldn’t be as high a traffic driver for them – but they make it work. HOW?

They understand the audience – it’s professional, so they tie in professional business stories into their content for LinkedIn. Posts go back to their website Coca-Cola Journey – check it out! Interesting stuff! To some degree – edgy. The posts aren’t necessarily about soda at all – but about the audience and what they care about.

Hays – They claim to be the #1 Recruiting firm on LinkedIn and they aren’t afraid to shout it from their rooftops! Just like Coca-Cola – they post relevant content that drives traffic back to their blog. High engagement rates prove that what they are writing is exactly what their audience wants to read. It’s actually quite that simple!

We aren’t claiming it’s easy to be one of these top dogs. You have to understand your clients and your prospects before you can attempt to create & curate content that is relevant to them. (BTW – that’s what we help you figure out!)

LinkedIn, for companies, is more than just a place to find good employees, it’s a place to let your brand shine and to engage your clients and to woo your prospects.

Ready to get rolling?

Give us a buzz or use our contact form so we can make LinkedIn an addition to your digital marketing strategy.

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