Wednesday 24 July 2013

How to Buy Good Leads for Insurance to Prosper as an Insurance Agent

No business can prosper unless it gets adequate supply of customers. Getting customers and thus improving sales figures are the basic requirements for any business. Just like any other business, insurance business also needs enough customers to close more deals and so increase profit margin. As an insurance professional, it is very important that you attract new customers. And without having leads (potential customers), you can hardly attract new customers and so improve your sales number. In fact, when it comes to insurance business, leads for insurance play a very significant role.

Tips for buying quality leads

When it comes to improving the sales figures, buying leads from any lead provider may not serve your purpose perfectly. The leads are of no use unless you can convert them into loyal customers. And, that is why you should always buy leads for insurance from the lead providers that offer quality insurance leads. Here are some effective tips that you may use while buying exclusive leads to boost up your insurance business.

• Shop around – To get the best leads, you must shop around and conduct research on at least 5 lead companies. Verify the companies’ reputation and reliability in terms of quality of the leads and customer service. Also check whether or not the company is accredited by Better Business Bureau (BBB). There are many companies that sell same leads to 8 to 10 insurance agents. Avoid such companies. Make sure you buy leads for insurance from a company that offers only exclusive leads which are not shared with other agents and thus not bombarded with a number of phone calls from several insurance agents.

• Compare quotes – Now it comes to comparing quotes provided by different lead companies. Check what different companies charge for different types of leads. But remember one thing while buying leads for insurance, cheap leads don’t always ensure quality leads. You should bargain with the rates, but you must not compromise with the quality. You may have to pay higher for good quality exclusive leads generated within 24 hours or even less and delivered to your mailbox no sooner than it is generated. In case of older leads, you must not pay higher as it is hard to convert such leads into customers. Some lead companies charge setup fees or deposit fees; you may avoid dealing with such companies.

• Check return policy – While choosing a lead provider to buy leads for insurance from, you must take care of its return policy. You may avoid the companies that don’t have good return policy for bad leads. Generally, lead providers accept up to 15% bad lead claims a month.

• Check lead delivery system – Before you assign any company to deliver you leads, check how the leads will be delivered. In most cases, the lead providers send the leads directly to the agents’ mailbox after the purchase is completed. Since you need to share your debit card or credit card information with the lead company, you should be careful about the company’s legitimacy.

To get maximum return on your investment, you should not compromise with the quality of leads. Unless the leads are good, it would be difficult for you to convert them successfully into sales. For maximum conversion rate and better closing ratio, you must respond to the leads for insurance in no longer than half an hour after getting them delivered to your mailbox.

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