Knowing the Market

A Guide to Converting Automobile Insurance Leads into Profit

February 6th, 2010

The higher the number of insurance leads you have, the more chances you have to make a sale. But a lead does not always mean a sale, ensuring that will occur is entirely up to you. There’s no magic formula for this. The best way forward is to focus on the prospects that are most likely to result in a sale and make the most effective use of your time when prioritizing them. To help you achieve this, here are a few suggestions to make your task easier. A huge number of internet surfers aren’t truly genuine about getting insurance when they submit a quotation. More often than not these inquiries will end up in a total waste of time. A few are in all probability not requests from genuine people at all; they might be junk e-mail or automatic requests. Generally these requests end up as a huge quantity of work and not a lot of money. Consequently you can see why good quality leads are really important.

Buyers who require new insurance or require changes to their current insurance policy are the leads you should look out for. They are ready to make a purchase and in most cases should require little if any effort to turn into a sale. So then, what might be the easiest method to find out the leads who are prepared to sign up for an insurance policy? As soon as you pick up your leads it’s a good idea to sort them according to various criteria, like what is the extension date of their existing insurance. You can also implement filtering tools to help prioritize queries according to the amount of profit they could give. Converting a lead is much easier when the prospect has recently asked for info. You won’t have to worry about motivating the prospect or persuading them of the necessity of a good insurance policy. It’s frequently the experience of a lot of successful sales representatives in the automobile insurance business that all it takes to make a deal is a prompt quote. So do not allow much time to pass before you get back to them.

The importance of handling the lead the right way should be obvious. Provide them with a quote; give them any extra info they may have requested and do so in a timely fashion. If the prospect has asked concerning deductible options, take care to put them into your quotation. As you can see, by adopting a few steps to help you work more effectively, you can make the most of your automobile insurance leads and make markedly more money.

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