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Insurance Sales: Are You Recession Proof?

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by Cheryl A. Clausen

If the forecasted recession becomes a reality you have three choices. You can watch it happen and do nothing to prevent its impact on you, you can tighten your belt hoping to survive it, or you can develop a plan to thrive because of the recession. The choice and the result you'll get is all yours. Allowing external circumstances to determine your future is never a good idea and certainly not something a top producer will do. Start formulating your plan by identifying how you'll be impacted by a recession if you do nothing and what you can do to protect yourself. Identify how a recession will impact your customers and potential customers if they do nothing to protect themselves, and what you can do to help them to avoid that impact.

Anytime you try to do nothing more than protect yourself you're actually moving backward. Your fear prevents you from investing in the things you should be investing in so you can excel even when those around you are going out of business left and right. Your fear driven mind set prevents you from seeing the opportunities that are around you even though there may be a recession.

The only choice for anyone who not only wants to thrive during a recession, is to develop a plan that enables you to do so. Begin with a clear understanding of your market. Predict the impact an impending recession will have on them before they do. Prepare a marketing message that reaches out and grabs their attention, and gets them to want to know more about what you're telling them.

Recession proofing your insurance sales success depends on your ability to market your services. If the marketing you're doing now isn't predictably and consistently generating appointments with qualified prospects you have to bite the bullet and learn how to effectively market your services. And don't turn to traditional marketing sources and experts for help their so-called help because if it isn't working now it certainly isn't going to work in a recession.

The only one being helped by traditional marketing is the person selling it to you. You can't afford to waste your time and dollars on marketing designed to get your name out there, create a brand, or to build your ego. You have to learn how to market yourself in a way that generates qualified leads that turn into clients, so it more than pays for itself.

If you can't track and measure the return you're getting from your investment your getting from the marketing you're doing now just stop doing it. To be effective marketing has to be tracked, so you can predict your response rate each and every time you do, and you know how much it costs you to close a sale generated from your marketing efforts. Effective marketing is also a filtering tool helping you to attract your ideal prospects from the group at large receiving your message.

Quite often effective marketing doesn't look fancy or pretty. But, who cares? Marketing that gets you a specific number of leads to qualified prospects that turn into customers will look like the most beautiful marketing in the world to you because that marketing will make you excel whether a recession ever happens or not.

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