Insurance Agent Web Power

There is ample evidence that suggest too many options delay decisions and increase dissatisfaction with the choices we make (See Barry Schwartz’s excellent book on the topic: The Paradox of Choice: Why More is Less). Enter a new definition of quality, posited in a Wired Magazine article: The Good Enough Revolution: When Cheap and Simple Is Just Fine. The article leads with discussion of the cheap, and easy to use Flip Ultra camcorder. Despite the lack of features, the camera has sold like hot cakes, grabbing a 17% share of the camcorder market in just two years.

Other ‘good enough to get on with it’ products and services cited in the article include gmail and Zoho Writer, a Microsoft Word substitute with fewer bells and whistles (but most of the features you are actually likely to use). Oh yeah, and what about the advantages of a (relatively) unsophisticated, unmanned Predator aircraft vs. a $45 million F-16 (options, including pilot, may cost extra)?

Wired isn’t alone in noticing that cheap and simple solutions are often the best ones. In the upcoming sequel to Freakonomics – called Super Freakonomics – Steven Leavitt and Stephen Dubner have included a chapter chapter entitled The Fix Is In – And It’s Cheap and Simple.

I think this movement toward ‘good enough is more than effective’ is good news for agency manager perfectionists. Instead of wrestling with decisions about which expensive and complex software or web service to work with, just go with what works, and can be had for little or no money. Here’s a few favorites that insurance agency managers should be thinking about:

For video calls, and free long distance, try Skype. Depending on features you may wish to add (a traditional phone number, the ability to call out to land line or cell phones, e.g.), you may pay a few dollars a month.

And speaking of YouTube, there is no simpler way to get your video converted for streaming and to add it to your website.  We have been using YouTube for a variety of purposes at Confluency Solutions, and set up our own channel a little over a year ago.  Use YouTube videos to explain insurance coverage, the claim process, or to highlight safety issues.  Oh, and the cost – free.

Video email can be free, or you could pay as much as (gasp!) $99 a year.  Eyejot is our service of choice.  At Confluency, we use it for proposal deliveries, conference/trade show follow ups, and to set up renewal reviews.

Email management, CAN SPAM compliance, and newsletter sign ups can be facilitated by several services.  MailChimp is free, as long as your ’subscription’ list is $500 or less.  After 500, the monthly fees are low.  (Your insurance agency might have 2,000 customers, but how many email addresses do you have?)

For web conferencing, including document and screen sharing, try DimDim.  The service is reliable, easy to use, and free for up to 20 attendees in a session.

The list could go on and on, but in my experience, these are good places for most insurance agencies to start.

You could say ‘insurance’ is the answer, and at some level, it is.  But that glib answer makes many of us miss several of  the imperatives of any business:  getting customers, keeping customers, and making sure our customer relationships are profitable (so we can stay in business).  I attended a recent agency association convention where I heard two comments repeated that I have heard for years:

1.  Oh, you guys do web stuff?  I’ll give your information to my technology guy to review.

2.  I’m in the insurance business, not the technology business.

I felt the need to post my take on those comments, but I didn’t feel like typing.  So here’s what you get:

Two ways to use the inexpensive Eyejot video email service to differentiate your insurance agency by making a distinguishing impression on new customers,  and compressing the sales process by using video references.  For more, check out the video:

There are 3 levels of the Eyejot service, the first is free, the top level Pro Plus is $100 a year. Try it out at the free level, to get comfortable, but the uses and benefits at the $100 level will pay for itself over and over again.

I have sat through a couple of webinars, and read several articles about web marketing in the last few weeks. And I’m afraid every one of them missed the point. When I hear somebody talk about a tool or medium as a thing unto itself (as in web marketing), I suspect they are too enamored of a new technology and prone to believe that the technology itself constitutes a sea-change. And often, the way that sea-change is positioned in these webinars, you would have to believe that you have to abandon all of your former practices and adapt to the sea-change, or drown in the tidal wash.

Take insurance for example. I would suggest that what people want from insurance providers, and what insurance providers need to deliver, has not changed in decades (if ever); to wit: peace of mind, economy, information on demand. The fact that an insurance agent might be using streaming video on YouTube, a blog, or website to serve up what consumers want doesn’t change the essential nature of the business, and probably doesn’t constitute a sea-change.

I was reminded of this by my fellow blogger, James Hawley, who flipped me a link to an article appearing in the LA Times. The story featured Manchester United goalkeeper Ben Foster’s use of an iPod to study the tendancies of an opposing player. What made the story novel is that the iPod was used just moments before Foster successfully defended a penalty shot.

Foster didn’t turn into a technologist or web geek. He was still playing soccor the old fashioned way; he was also just using his powers of observation to stack the goal defense odds in his favor, as goalkeepers have done since the advent of the game. That Foster used an iPod to get a tendancy update moments before a shot didn’t change the nature of the game, it just made Foster a smarter player, and resulted in a blocked shot.

Professional or Amateur?

There’s a lot that can be done with video, and having video production capabilities in the family (the kid with the Mac)gives you options. Clearly there is a place for professionally done video production, as well as a place for (reasonably professional), low/no cost, self-made videos (the 50-something with the digital camera).

In fact, there was a recent news item featuring CNN’s opening of ‘bureaus’ in seven cities where they previously did not have one. Expense is a determining factor in opening and maintaining a network news bureau – equipment, technical personnel, etc. The new CNN bureaus will provide broadcasts via web casts, ‘directed, filmed, and produced’ by the reporter. The vastly reduced cost of that kind of production makes it possible for CNN to provide direct coverage in more areas – an example of how fast and inexpensively produced video can coexist with higher production value programming. In fact, CNN has taken this a step further with their iReport service, where virtually anyone can report news and publish video ’story’.

You have to wonder if there is a ‘best’ balance between videos that are slick and professional, and videos that are not edited with layered soundtracks. I’m sure there is no one right answer, but I’m going to throw this out there: providing only slick, commercial grade videos may suppress total views. Allstate Insurance has had a YouTube video channel for over two years, and the total views have been somewhat underwhelming at 7,114 (and 4 videos account for nearly 75% of all views). There are 37 videos on the Allstate channel, most have been viewed fewer than 200 times. I’m not suggesting that Allstate has not achieved acceptable ROI from its YouTube channel; remember, production and publishing costs would be low. I am suggesting that commercial grade videos may not always be the best way to go on the web, particularly when videos are published to a social site like YouTube.

What does this mean for your insurance agency? Don’t be afraid to have employees, customers, and others in the community produce videos for you. Worry less about matching TV quality production values, but focus on quick publication and community relevance. Your video views, and site traffic, should go up.

Comic-Con, the convention for all things comic books, is a highly sought after event. Cities are now falling over each other in an attempt to attract the 2010 convention. Yet, Comic-Con goers are light spenders. If the local economy isn’t getting a boost via premium hotel bookings and restaurant expenditures, then why the competition to host Comic-Con, and what could that possibly have to do with your insurance agency?

Comic-Con attendees are prodigious bloggers and users of social and web 2.0 media and communication tools. In the parlance of viral marketing, they are ’sneezers’ – people who spread the word. Viral marketing is predicated on the exponential communication effect of one person sharing a message with five friends, and then those friends in turn sharing with five more friends each. Pretty soon thousands, perhaps hundreds of thousands of people have received the same message within a short period of time. Sneezers are critical to a message going viral. Does your agency have any sneezers in your customer base? How could you attract more sneezers, and how can you make it easy for them to share your message with others?

Here are a couple of thoughts…

Insurance newsletter articles can be a little on the dry side. Why not lighten those up by including related, but humorous videos, courtesy of YouTube. The articles might not get ’sneezed’ around, but the videos might. Here’s two:

Road Rage

Driving with Distractions

YouTube Videos – Using Third Party Videos

Videos produced and published by others can be a great source or video content for your insurance agency websites. But before you start embedding code, here are some considerations…

1. Copyright Infringements – Be careful what you use, policing is somewhat loose, and video uploaded by others may be be infringing on copyrights. The TV news networks generally take a dim view of others uploading news segments or snippets of television shows. Check to see who posted the video. If it is obviously the owner of the content (e.g., a TV station news broadcast posted to the TV station YouTube site – aka Channel). When in doubt, check directly with the source of the video to make sure the YouTube placement is OK.

2. Don’t create a pathway to your competitors. Other insurance providers post video, so before you flag a video as a favorite for display on your Channel, make sure it does not direct viewers to a competitor.

3. Many videos display a link back to another website, just be sure that the website meets your (and your site visitors’) standards of decorum.

4. Don’t push your luck with attention span. It’s best to assume your viewers have limited patience. Try to keep video times under 5 minutes, and make sure the video will engage a viewer within the first 10 to 30 seconds.

Coming in Part III…how to use your website videos

There has been a steady and growing interest in using video on insurance agency websites. There are lots of options and services available, and the cost of adding video ranges from virtually $0 to several thousands of dollars. Choices can lead to pitfalls on one hand, or increased traffic and conversions on the other. To help insurance agents avoid the former and capitalize on the latter, I’m going to start a several part series on using videos.

Part I – A Few General Tips

1. Don’t be gratuitous. Make sure your videos add some value, and are not merely commercials. Commercials are something we endure in exchange for free television programming (although the proliferation of paid cable and Tivo has meant we endure fewer and fewer commercials, even on TV). On a website blatant commercials can be counter productive, irritating visitors and leaving a bad impression. Infomercials can be OK, just be mindful of the balance of value vs. self-promotion.

2. Leave your website visitors in control. Videos that launch automatically, especially on the home page – no matter how cool they seem at first blush – are frequently viewed as unwanted intrusions. Videos can add real value, but let your site visitor decide if they want to switch on a video or not. Nothing is more irritating than listening to itunes, Pandora or Rhapsody while surfing the web and suddenly some audio starts talking over the music. Many companies with well established web presence have tried and discarded auto-launch video, and virtually no established retail or service oriented websites foist videos on site visitors today. For proof in an insurance context, take a look at the arch-nemeses of independent insurance agents: Geico, Esurance, and friend-foe Progressive. They all have video options, but none launch automatically. There is a reason for that.

3. Before you post a video to your site, have a clear objective for the video. Do you want to keep visitors on your site longer? Do you have certain conversion goals like more completed quote forms or phone calls? Maybe a video will have a support role for a check list or article. That’s OK too. Just make sure your video(s) has a real job to do, and where possible, measure whether it is doing that job or not.

To do this video, we purposely used a digital camera to capture screen shots. We normally use a program called Captivate to produce Flash video of screen shots, but that is an extra expense (and a learning curve) for most agents. We did the recording via camera to show how easy it is to produce a video this way, and so you could get a feel for the quality of screen shots captured using camera video.

Captivate, and other screen capture programs, let you annotate screens with text captions and certain highlights. For this video we used the annotation features in YouTube. There are limited annotation options, but we think you will agree that the limitations are not significant for the most common purposes.

We used Google Docs, in a separate tab, for the introduction. Alternatively, we could have used Powerpoint…

As an insurance agent, you could used simple screen shots to break down a policy coverages for customers, or highlight services available through your website.