Social Media and A Level Playing Field
May 3, 2011 by Rick Morgan · 7 Comments
According to the Small Business Administration, “Small businesses represent 99.7 percent of all firms, they create more than half of the private nonfarm gross domestic product, and they create 60 to 80 percent of the net new jobs.”
It wasn’t that long ago that the Internet was expected to be the great equalizer. That is, the Internet would provide independent agents with the ability to expand their reach and the give them the tools necessary to compete with the big boys.
As it turned out large well-funded direct writers applied slick technology and even slicker ad campaigns to buy attention and garner consumer trust. The end result was that most online sales went to a relatively small number of sites controlled by large insurance companies. Small business was simply out spent and outgunned by big business.
Mobile: “Unlike Anything … Ever Seen”
April 11, 2011 by Charles Wasilewski · 2 Comments
At Google Inc.’s Think Mobile event in New York, industry guru Mary Meeker said that the pace and force of mobile growth is unlike anything she has ever seen.” — Mobile Marketer, February 11, 2011
Mary Meeker, the leading trumpeter of the Internet in its early days and now a venture capitalist at Kleiner Perkins Caufield Byers, is now saying mobile is growing faster than the Web did.
She’s got her evidence … Read more
We’ve Seen the Sizzle. Now Give Us the Steak.
February 1, 2011 by Rick Morgan · 2 Comments
As insurance firms jump into the social fray by becoming active on Twitter, LinkedIn, YouTube, and other channels, some get caught up in the hype and flash, the bright lights of the social Web. Some make a mad dash to get as many friends, fans and likes as possible. A flurry of blog posts, tweets and status updates fly off the keyboard, many of them talking about you or your company.
If this sounds familiar, maybe it is time to slow down and reconsider:
- Are you providing substance?
- Are you engaged in the conversation?
- What is the right balance between quality and quantity of contacts?
After you begin to engage in social networking for your business, it is the quality of the contant that will keep your followers coming back. Substance can come in many flavors. But any way it comes, it should be good, interesting, valuable content. And that content should come from the heart, mind and soul of you and your company. Read more
Social Media: Open for Business
December 14, 2010 by Rick Morgan · 1 Comment
Many continue to doubt the effectiveness of social media in the B2B space. My experience and instinct tell me this is a big mistake. Social networking can and does work in business-to-business situations..
Clearly the tools of the social Web work well with individual consumers. But they also can work and they are relevant to communicating with, marketing to, or servicing business clients.
The all-too-common excuse (‘what works in personal lines won’t work in commercial lines’) is an argument that is not only wrong–but it’s an excuse that is denying many companies the opportunity to reap the benefits of the social Web.
The truth of the matter is that whether creating a relationship with a personal lines or commercial lines customer you are doing so with individuals. All consumers want to “feel” that they know their business partners and want a relationship built on trust. Social media allows you to humanize and personalize your corporate brand.
You Want Help with Social Media!
October 3, 2009 by Peter van Aartrijk · Leave a Comment
Aartrijk Brand Camp—held in Chicago Sept. 28-30, 2009 and continuing on the virtual calendar of online conversation—was all about the risk and opportunity of social media in our Wonderful World of Insurance.
We had pre-surveyed attendees at Aartrijk Brand Camp. These were agents, brokers, carriers, association executives, media reps, and business partners such as technology firms.
In sum, you have genuine concerns and questions around the impact and application of social media. You are being cautious about stepping into fray.
Here are some top issues you are having with all the excitement behind Linkedin, Twitter, Facebook, etc.:
Social media appears to be a time vampire. How do you manage the time you and your people spend with it?
How do you show a return on the effort? One survey respondent said: “While time spent on informing/communicating with fans helps build relationships, does that turn into referrals?” And sales?
We don’t know where or how to start with social media. We need a plan and a budget and somebody in charge—who is that going to be?
The internal battles are brutal. How do we get our management on board? And our legal beagles are putting the kybosh on us branding folks—the IT department isn’t helpful either. One of you said, “The current rule is to run all printed copy past the marketing and legal departments. Social [media] requires a more relaxed, conversational tone to be authentic and trustworthy…[But] it is viewed as more of a risk than an opportunity.”
We’re not sure when we should start! One of you said: “Maybe it’s better not to put a toe in the water until this new frontier matures.”
Who in insurance has gone before us? What are the best practices around building brand awareness with social media? “We need success stories.”
Who is this for? Is social media best for business-to-business? Business-to-consumer? Both? Neither?
Finally, do insurance and financial services play a role at all in social media? Do consumers care about us? We’re not worthy! We’re just not cool enough!
Ah, yes, great questions. Stay tuned for some solutions offered up by Brand Camp attendees.
– Peter van Aartrijk
Follow Aartrijk on Twitter: @Aartrijk. Follow Brand Camp conversation on Twitter using hashtag #ABC09.
New Wine in New Bottles
July 5, 2009 by Rick Morgan · 1 Comment
Photo Credit - Flickr heardsy
Neither do men put new wine into old bottles: else the bottles break, and the wine runneth out, and the bottles perish: but they put new wine into new bottles, and both are preserved. (Matthew 9:17)
The world of marketing, PR, branding and communication is being transformed. Consumers have rebelled against “push” marketing. They want to be heard when it comes to how you do business. Trusted relationships are more important than ever and control of your brand is in the hands of your customers.
Clearly “old” marketing and media strategy is failing. Social networking to the rescue, right? Not so fast. When it comes to social media it is not enough to engage the tools, build strategy and implement. Rather, success requires a change in culture and in the way in which business is done. Success with social media requires a culture that is customer centric, comfortable with transparency and understands that message and opinion lie primarily outside of their control. That is, success happens when the “new wine” of social media is put in the “new bottle” of a transformed company culture.
Rick Morgan
Brand Camp Won’t Be Yet Another Meeting
June 22, 2009 by Peter van Aartrijk · 1 Comment
Regarding Aartrijk Brand Camp (in Chicago, Sept. 28-30), some of you have asked, “Why is Aartrijk putting on such an event? What do you hope to accomplish?”
Excellent questions. I attend many industry conferences so I’m sensitive about offering another one.
I can assure you that Brand Camp won’t be yet another meeting.
This event is the only one designed to put in context the impact of social media/social networking on marketing and branding in insurance and financial services. So if you are responsible for formulating and articulating your brand in our industry—agency, broker, carrier, trade association, services provider—then you should come to Brand Camp.
At most conferences, speakers present in a one-way format. Like social networking itself, Brand Camp will be much more engaging, where attendees truly will get involved. We hope to imagine—even create—some new ways our industry can communicate with customers and prospects. This engagement is a more fun way to learn anyway.
You will return home with a solid plan to introduce or enhance your brand in this new social networking world. Brand Camp will be educational, engaging, entertaining and rewarding for the group as well as for individual participants.
Go on, jump into the fray! Check out the Brand Camp Web page.
– Peter van Aartrijk