How to choose a insurance lead providor and be successful selling insurance with internet leads?

On the web insurance leads can be a tried and true staple of a effective insurance agent’s company . They may lead to a profitable source of income or they can be a expensive drain on the finances. Locating high quality insurance leads is the solution.

You should do your investigation in order to find the insurance leads ({whether or not they} be health insurance leads, life insurance leads, auto insurance leads, mortgage insurance leads, or annuity leads) that will provide you the utmost return on your capital of time and cash.

Calculating ROI When Buying Insurance Leads

When purchasing insurance leads it is all about the ROI. Cash flow problems aside the price of the lead is insignificant. do is to be able to measure is your ROI. A number of Internet insurance leads may cost $5 each yet your average closing ratio for those leads is only 4%. Other Internet leads may cost you $25 each yet you close 25%. Which is the best insurance lead for you to buy? Let’s break down the two different example lead sources and evaluate the ROI to determine:

Insurance Lead Source #1

Insurance Lead Source #2

# of Leads Purchased

100

100

Lead Cost (Each)

$5.00

$23.00

Lead Cost (Total)

$500.00

$2,300.00

Closing Ratio

4.00%

25.00%

Typical Commission per Sale

$500.00

$500.00

Total Commission

$2,000.00

$12,500.00

Total Earnings

$1,500.00

$10,200.00

ROI

300.00%

443.48%

Basically from the above illustration the insurance lead supplier with the maximum ROI is lead supply #2. One additional thing to note is that the above chart does not take under consideration the time exhausted running the leads. It is quite possible that after taking into consideration all of the time one would have used up pursuing the leads from lead source #1 which were not going to buy then the ROI for lead source #1 would lower substancially making lead source #2′s ROI much more appealing in comparison.

Ways to find the Best Insurance Lead Service

So now that you know how to compute your ROI when purchasing insurance leads online you are currently a step ahead of the opposition when you set out to find the best insurance leads service. The absolute most significant thing that you can do to find the best online insurance lead supplier is to test, test, test and track, track, track.

Make it a goal to buy 100 leads from each one of the top online insurance lead experts and then very carefully your ROI using the above chart. Do not rely on just your gut to tell you which lead company is working the best for you. You can easily be swayed by 1 or 2 big sales or by a streak of bad leads. Run the numbers each time. Numbers are neutral. Figures do not lie.

Insurance Lead Management

It is crucial that you truly have high calibur insurance lead management. You ought to be monitoring your leads and tracking your sales. If you can consistently compute your ROI then you will be able to improve your lead purchaing at the most profitable lead companies and decrease your lead buying (or quit completely) from the ones that do not have a good ROI.

If your able to do this then you will be using insurance leads to built {a real} sustainable business model for yourself or your company. If you understand that for every $1,000 you spend on insurance leads that you will make $3,000 in earnings and you have practically limitless insurance leads online at your fingertips then the sole question is – “How many times can I invest $1,000 to make $3,000 monthly?”

Before you purchase insurance leads just understand that some lead vendors are good, some are undesirable, some are completely terrible, while others are totally superior. It is up to you to constantly track your ROI and to be practical about trying new insurance lead methods.

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