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Your Roadmap to Growth in 2024

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Your Roadmap to Growth in 2024

The insurance industry is competitive, so you need an effective insurance marketing plan to help set you apart. We’ve compiled 10 insurance marketing strategies to promote yourself as an agent.

We discuss ten effective insurance marketing methods below.

1. Reevaluate Your Insurance Website

The first step in improving your insurance marketing strategy is to reevaluate your existing marketing efforts. This starts with your website.

Potential customers will form an opinion of your insurance company based on their first impression of your website.

Your website is the focal point of all your online marketing strategies. It should be one of the biggest ways you generate leads.

Reevaluate your existing website to find opportunities for improvement.

Here are a few things you should consider when updating the website for your insurance business:

  • Is your website easy for new customers to navigate?
  • Does the content on your website tell the right message?
  • Are the images and headshots current?
  • Is your contact information correct?
  • Are your call-to-action buttons effective at driving lead generation?
  • Did you link your corresponding social media accounts?
  • Does the design prioritize a seamless mobile experience?
  • Are you taking advantage of the benefits of having a blog on your website?
  • Is your website optimized for SEO?
  • If you don’t already have one, can you add a login portal for existing clients to access their account and policy information?

Don’t be afraid to hire a professional writer to upgrade your content or a web designer to create a new landing page. When done correctly, these investments in your business can have big rewards.

2. Focus on SEO

Ranking high in search results is important for attracting new customers who are searching online for the right insurance company.

Focusing on search engine optimization can help your insurance business rank higher in search results.

insurance marketing

Here are a few tips for engaging in content marketing and prioritizing SEO:

  • Conduct keyword research to determine which keywords you should be targeting. This can be done with helpful tools like Semrush. Semrush is a great tool for performing keyword research for your website, blog posts, and PPC ads. Check out our comprehensive Semrush review to learn more.
  • Incorporate keywords throughout your website in places like headings, URLs, and image alt text.
  • Create a Google Business profile . Add your business information and work on earning positive online reviews. Google Business listings are a great way to attract new customers.
  • Earn backlinks by partnering with other high-ranking websites. This involves writing content and having it published on their website.

SEO is a long-term marketing effort. Results will be built up over time, not immediately.

3. Run PPC Ads to Your Website

After you’ve reevaluated your website with a focus on SEO, a great insurance agency marketing idea is to run PPC ads to your new and improved website.

With PPC, or pay-per-click, ads drive traffic to your website. When someone clicks on your ad, they will be redirected to your website or landing page. They will then explore your offer or services as displayed on your website.

Some marketers direct PPC ad traffic to the company’s landing page. Another option is to create a new landing page with an offer that addresses specific customer needs.

The people who are clicking on your ads are most likely interested in your insurance policies, which means this tactic can help you obtain more qualified leads. Pay-per-click tools can help you maximize your insurance marketing strategies.

When done correctly, it’s an effective way to drive more leads to your insurance business website.

4. Promote Your Insurance Agency on Social Media

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Building a presence on various social media platforms is a great way to market your insurance business.

Social media is a great place to reach your target market, engage potential customers, and showcase the personality of your insurance agents.

Start by determining which platform makes the most sense for you. Should you focus on TikTok, Instagram, or LinkedIn? Which platform is your target audience spending their time on?

Then, after you’ve decided which ones you think would be the most effective, focus all your social media marketing efforts on those ones.

You can create social media profiles for both your insurance business as a whole and your individual insurance agents can also create their own profiles.

Social media provides a great opportunity to come up with the most creative marketing ideas for positioning yourself as an industry leader.

5. Capitalize On Your Existing Customer Base

If you’ve been in the insurance industry for a while, you most likely already have a network of existing customers. Incentivize your existing customers to recommend new business to you with an enticing referral program.

Referral programs provide monetary compensation for each person referred to you and becomes a customer.

This means that you’re making money off of these new clients, and the people who referred them to you are also being rewarded. It’s an effective way to earn insurance leads and increase sales.

The best part is that your customers already have a positive opinion of you, and they will pass this positive review on to the people they refer. They’re already putting in the big insurance marketing efforts for you.

Challenge each insurance agent that works at your company to capitalize on their existing customer base to draw out potential customers. Make phone calls to these clients to see if they have anyone they would like to refer to you.

However, your referral bonus must be worthwhile. If the referral program you offer isn’t worth the effort for people, then you won’t see great results, and you might even end up insulting your current clients.

6. Start a Newsletter

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Newsletters are another key part of having an effective content marketing strategy for your insurance business.

Starting a newsletter is a great way to further educate your target audience about the insurance products you provide.

Insurance agents can dive deeper into health insurance, auto insurance, and other types of insurance that they offer. By sharing valuable information, you can further develop relationships with your clients.

Here are a few ideas for how you can build relationships with potential customers through your newsletter:

  • Create an email funnel that nurtures new subscribers. Start with an introduction to your company, then explain an important insurance product, and so on.
  • Automate follow-up emails after you have initial contact with potential customers.
  • Personally invite them to local community events that you will be sponsoring or attending.
  • Send them well wishes for important milestones while gently reminding them of insurance products they might need. For example, if they have a milestone birthday or get married, inform them of the different types of insurance they could need at these new stages of their lives.

Insurance agents can build up their email list over time with every new client they acquire. You can also place a call-to-action button on your website where people can sign up for your newsletter directly.

Email marketing can be a great option for insurance companies, no matter their marketing budget. Newsletters can be relatively low cost based on the size of your email list and which email marketing service you use.

Check out our article on the best email marketing software for more info.

7. Build Your In-Person Presence In Your Community

While digital marketing is very important for promoting your agency, in-person insurance marketing is equally as important.

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Here are a few insurance marketing ideas for promoting yourself in person to your community:

  • Sponsor a local event that is relevant to your business.
  • Partner with local businesses to leave your business cards in their lobbies.
  • Take out ads in newspapers or on billboards and radio channels.
  • Attend networking events where you meet other professionals in the area.

Becoming a key figure in your local community is a great way to promote your insurance marketing business and corresponding insurance agents.

8. Partner With Influencers

You can partner with influencers to improve your content marketing strategy and increase brand awareness.

Here are a few insurance marketing strategies for partnering with influencers:

  • Engage in video marketing. Have the influencer create videos where you answer their questions about insurance.
  • Prioritize content marketing. Have the influencer write a blog post on their website about the importance of insurance and how they had a great experience working with you to obtain it.
  • Ask to be a guest on a local podcast or radio show with a substantial following.

Influencer marketing is one of the best insurance marketing ideas because it enables you to tap into an existing audience with a trusting relationship with that particular influencer.

9. List Your Insurance Business in Company Directories

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Now that we’ve discussed eight insurance marketing ideas, we still have two more helpful ideas to discuss.

One of the most effective insurance marketing strategies is listing your agency in company directories.

Company directories will help your agency reach customers in places they already trust. It will be easy for more customers to find your business when searching in directories they have used.

Being listed in company directories is another one of the most effective insurance marketing strategies because it helps your agency build trust with your audience.

10. Create Informative Brochures

Your insurance marketing strategies should also include printed materials.

Brochures, business cards, and other informative sheets should be one of your prioritized insurance marketing strategies.

For example, you could create a sell sheet detailing each insurance policy you offer. This could be handed out at the networking events you attend or posted to local businesses.

Your printed materials should give potential customers just enough information to make them want to contact you and learn more about your services.

If you’re a non-designer but looking for an easy design program to help you create brochures and marketing material for your agency, Canva is a great place to start. Check out our full Canva review to learn more about this helpful design program.

Effective Insurance Marketing Ideas

We’ve given you ten effective insurance marketing strategies to help you promote your business. These ideas are meant to help you elevate your position within the insurance industry. We wish you the best of luck in promoting your business!



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Best US Cities to Start a Business, Entrepreneurship: Report

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Best US Cities to Start a Business, Entrepreneurship: Report

What city is best for starting your business? While several factors should play into a decision, a new report from fintech company SumUp has identified the top 10 for entrepreneurship based on tax data, the number of millionaires in the city, and even Google searches.

New York topped the list because of the opportunities it offers across industries, from tech to fashion, and its 4% sales tax, which was the lowest of the group. New Yorkers also frequently Google “how to get rich” and “how to make it in business,” the study found. The city also offers access to over 30 WeWork coworking locations, the most of all the cities in the report, which theoretically could help startup employees collaborate.

Related: Worried About AI Stealing Your Job? A New Report Calls These 10 Careers ‘AI-Proof’

Chicago came in at No. 2, with SumUp researchers highlighting its 120,500 millionaires and high interest in entrepreneurship through tracked Google searches. They also found that Chicago stood out for finance startups.

Rounding out the top three was Miami, “where the weather is warm and taxes are low,” according to the study. Travel, tourism, and commerce startups thrive in this city, which has 0% personal income and capital gains tax.

Related: These Are the Top 15 Jobs With the Highest Entry-Level Pay

Here’s a complete list of the top ten cities for entrepreneurship, according to the report.

1. New York

Number of millionaires: 349,500

Personal income tax – highest income: 10.90%

Sales tax: 4.00%

2. Chicago

Number of millionaires: 120,500

Personal income tax – highest income: 4.95%

Sales tax: 6.25%

3. Miami

Number of millionaires: 35,300

Personal income tax – highest income: 0.00%

Sales tax: 6.00%

4. Los Angeles

Number of millionaires: 212,100

Personal income tax – highest income: 13.30%

Sales tax: 9.50%

5. Dallas

Number of millionaires: 68,600

Personal income tax – highest income: 0.00%

Sales tax: 6.25%

6. Austin

Number of millionaires: 32,700

Personal income tax – highest income: 0.00%

Sales tax: 6.25%

7. Houston

Number of millionaires: 90,900

Personal income tax – highest income: 0.00%

Sales tax: 6.25%

8. Seattle

Number of millionaires: 54,200

Personal income tax – highest income: 0.00%

Sales tax: 6.50%

9. Washington

Number of millionaires: 28,300

Personal income tax – highest income: 10.75%

Sales tax: 6.00%

10. Boston

Number of millionaires: 42,900

Personal income tax – highest income: 9.00%

Sales tax: 6.25%

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What Is Founder Mode and Why Is It Better Than Manager Mode?

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What Is Founder Mode and Why Is It Better Than Manager Mode?

Paul Graham, the founder of famed startup accelerator Y Combinator, coined a new term this week that has taken over social media: founder mode.

In an article released on September 1 and publicized on X over Labor Day weekend, Graham separates “founder mode” from the traditional “manager mode” route by noting key differences in management styles and organizational structure. Graham’s X post has over 21 million views at press time.

Related: How to Start a Multi-Million Dollar Company, According to an IBM Engineer Turned Founder

Founder mode means that the CEO interacts with employees across the organization, not just their direct reports. The startup, even as it grows into a large company, is less hierarchical; the CEO could do “skip-level” meetings with employees, for example. Graham gave the real-world example of Steve Jobs running an annual retreat for who he thought were the 100 most important people at Apple — regardless of where they were on the corporate ladder.

Manager mode, meanwhile, is less hands-on and involves more delegation to other people. Founders can grow companies and run them effectively without switching to manager mode, Graham stated.

“Hire good people and give them room to do their jobs,” Graham wrote. “Sounds great when it’s described that way, doesn’t it? Except in practice, judging from the report of founder after founder, what this often turns out to mean is: hire professional fakers and let them drive the company into the ground.”

Related: How to Start Your Dream Business This Weekend, According to a Tech CEO Worth $36 Million

Graham gave the example of Airbnb CEO Brian Chesky, who tried to follow conventional “manager mode” wisdom to hire good people and let them do their jobs.

“The results were disastrous,” Graham wrote.

Chesky had to pivot to a different “founder mode” style of management and explained in an interview last year that founders have multiple advantages over managers: They have owned every part of the process of building a company, from start to finish; They have built the company up, so they can rebuild it; and they have permission to rebrand the company or make major changes.

In the past few days since Graham released his essay, the social media world has begun exploring what it means in humorous and insightful ways. One post drew a comparison between micromanaging and founder mode.

Other posts from women founders addressed the question: Can women be in founder mode too?

Chesky wrote on X earlier this week that women founders had been reaching out to him since Graham released the essay about how they can’t run their companies in founder mode the same way men can.

“This needs to change,” he wrote.



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Nvidia CEO Jensen Huang Lost $10 Billion in 1 Day

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Nvidia CEO Jensen Huang Lost $10 Billion in 1 Day

Nvidia’s stock faced an unprecedented drop on Tuesday, wiping off $279 billion in market value, the largest one-day loss in U.S. history. The loss is worth more than all of the shares of many major U.S. businesses, including McDonald’s and Chevron, per CNN.

Nvidia’s shares tumbled over 9% in regular U.S. trading and continued the descent post-market by an additional 2%, after a report of a subpoena from the Department of Justice relating to an antitrust investigation, per Bloomberg.

Related: Why Are Nvidia Earnings So Important? They Could Be a ‘Market Mover,’ Says Expert

Jensen Huang, the CEO and Nvidia’s top individual shareholder, also took a personal hit with a $10 billion drop in his wealth.

Nvidia CEO Jensen Huang – Photo by I-HWA CHENG/AFP | Getty Images

Shares were up about 1% Wednesday afternoon, according to CNBC.

Nvidia has about 80% of the market for AI chips. In response to the DOJ antitrust investigation, a company spokesperson told the outlet that Nvidia “wins on merit, as reflected in our benchmark results and value to customers, who can choose whatever solution is best for them.”

Despite the losses, Nvidia is still up 118% year to date, per Reuters.

Related: Why Millionaire Nvidia Employees Are Still Working Until 2 a.m.

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