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.

Social media marketing is work; it takes time, it is a game played by different rules than most agents are used to.  Results will probably come slowly, and be difficult to measure.  With all my skepticism, I still believe that insurance agents should be taking measured, disciplined forays into blogging, Facebook, YouTube…and yes, I suppose even Twitter.  The Ten Commandents of Social Media, posted by Lon Safko on the Fast Company blog, is a great place for most insurance agents to start, although I wouldn’t recommend following every commandment (I like to think of them as suggestions anyway).  Below are the commandments reproduced, along with my opinions of whether they are elective or mandatory.

Commandments 1. Thou Shalt Blog (like crazy)

Elective. Blogging takes time.  Having said that, it wouldn’t hurt to start a blog, even a personal one that you share with only a few people.  At least you will become familiar with the medium.

Commandments 2. Thou Shalt Create Profiles (everywhere)

Mandatory. This isn’t hard or time consuming and has the defensive benefit of securing your business user name on the different social networks (this is different than claiming your insurance agency domain name).

Commandments 3. Thou Shalt Upload Photos (lots of them)

Mandatory. There are lots of places where you can do this:  Facebook comes to mind immediately, and don’t overlook photo sharing services like Picasa and Flickr.

Commandments 4. Thou Shalt Upload Videos (all you can find)

Mandatory. And leave the commercials out (remember those things you FF past using TIVO).  Nobody wants to see them.  Be educational, tell a story, feature your staff in the community.  There is no excuse for not taking advantage, this is maybe the lowest hanging fruit in social media because video upload is free (see YouTube, Viddler, and a bunch of others), and the video can be embeded all over the place once it has been created and uploaded.

Commandments 5. Thou Shalt Podcast (often)

Elective. You should really be doing video anyway.

Commandments 6. Thou Shalt Set Alerts (immediately)

Mandatory. Facebook and other social network services will send text messages to you, and other services provide similar options.  You should be using Google Alerts, or another service to keep tabs on where your business name pops up.  You need to monitor what people are saying about you for obvious reasons.

Commandments 7. Thou Shalt Comment (on a multitude of blogs)

Elective.  Or Mandatory. I can’t decide.  Monitoring blogs can take up more time than you might be willing to commit, but commenting on the right blogs and social media can raise you profile and establish you and your insurance agency as an expert – there can be real brand value in this, and your time expenditure can be managed.

Commandments 8. Thou Shalt Get Connected (with everyone)

Mandatory. If you want to build a social network, this is how you get started.  That is, once you have established your profile.

Commandments 9. Thou Shalt Explore Social Media (30 minutes per week)

The most Mandatory of all. At least that’s what I think.  Thirty minutes a week isn’t too onerous a time commitment to explore and become familiar with a phenomena that has the potential to shape how business is done.

Commandments 10. Thou Shalt Be Creative (go forth and create creatively)

Mandatory. I’m going to cheat on this one by including the rest of the Fast Company blog post on this commandment.  I’m reading between the lines:  don’t do product commercials.

And the most important commandment is creativity. That’s all. It’s just creativity and having fun. But you know what, that’s what your customers want. They want to see transparency. They want to see authenticity. They want to see you having fun. They want to be able to relate and communicate.

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.

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