Greater Visibility, Lower Cost: Top Agencies Prove It
December 6, 2011 by Charles Wasilewski · 5 Comments
Agents and brokers are boosting their advertising and marketing efforts.
But they’re doing so without spending more. In fact, the data show they’re spending less.
That’s according to Shirley Lukens, AAI, principal of Reagan Consulting, who shepherds the annual Best Practices Study, a joint project of Reagan and the Independent Insurance Agents & Brokers of America (Big “I”). Formerly the head of industry affairs for Big “I”, Shirley was a mover behind launching the Best Practices initiative in 1993.
Speaking at the ASCnet TENCon industry event in September, Lukens noted that the most recent 2011 Best Practices research showed that agencies in the study “really stepped up their marketing advertising. They really aggressively advertised and marketed in ways that they hadn’t done in years past.”
But the agencies were not increasing their outlay for marketing; they were keeping it level or even reducing it in some cases, according to the financial data in the Best Practices research. Lukens looked more closely and even spoke to a few of the agency principals. She reported: Read more