5 Outbound Sales Cadence Insights Every Insurance Agent Should Know

5 Outbound Sales Cadence Insights Every Insurance Agent Should Know

Sales cadences are about more than just the frequency and content of your emails, they’re about engaging your prospects enough to begin a valuable conversation. How you interact with your leads should vary from segment to segment to maximize effectiveness. A good sales cadence filters out any undesirable prospects, but a great sales cadence will get meetings. One of the biggest differentiators between the two is our first insight: The importance of a timely follow up.

The Art of the Follow Up

The speed of your first response to a prospect is crucial to converting smaller opportunities into revenue. The Harvard Business Review found that businesses that attempted to reach leads within an hour were nearly seven times likelier to have meaningful conversations with decision makers than those who waited even an hour.¹ If you can follow-up directly after a prospect engages your cadence, you’ve got the best chance to move them further through your pipeline while they’ve still got you at the top of their mind.

If your prospects are in the market, they’re already eyeing the competition and likely reaching out to them as well. The longer you wait to follow up after a response, the more likely someone else is to. Conversely, the shorter your response time is, the faster you can get through the opening stages of your funnel to qualify a prospect because a quick response every time makes the sales process easier for your customer. Staying on top of your follow-ups doesn’t only create more conversions more quickly, it creates happy customers.

Don’t Lose Sight of the Big Picture

This tip may seem like a no-brainer, but it’s easy to get lost in the process of following a sales cadence. The point of the cadence is assuming that the prospect has not seen the previous contact, the only goal is to elicit a response. Each new touch point should be treated like a cold call or email: Stay consistent with the frequency and content of your touch points to make sure you’re being seen.

Sales cadences work to organize your outreach attempts to enable you to reach a higher volume of leads without getting disorganized. That being said, it’s your job to be using all the relevant platforms available to engage your prospects and improve the quality of your outreach. Your goal is to make contact, use all the methods available to get your prospect’s attention. Sales development reps who didn’t engage their prospects on social media only filled their pipelines 47% of the time, compared to 65% of the time for salespeople who use social selling.²

As time goes on you should also be creating new cadences to succeed where others have failed. You’ll learn more about your audience through both your positive and negative responses as you keep track of what brings the most success over time and form valuable insights into your sales process.

Know How to Switch It Up

If you’re executing a sales cadence correctly, your leads will have to at least see your efforts, so avoid being boring and using the exact same approach every time. Sales cadences are still cold outreach attempts and need to have variation to maximize your chances of engagement. Thanks to the internet, the biggest obstacle for many cold calls and emails is providing value. Buyers do their own research now and are already at least somewhat informed on your offering as well as your competitors.

Two 2018 studies have found not only that 70% of B2B and 79% of B2C customers in the US do research online before they make a purchase, but also that 44% of B2B buyers prefer to identify potential solutions themselves before reaching out to sales.³,⁴ As such, the job of the insurance agent has evolved into one more similar to an advisor in order to address the questions and needs of more informed buyers. In order to separate yourself from the rest you need to really understand the problems of your leads and provide the buyer with the solution they’re looking for.

By centering your target customers’ pain points in your outreach, you’ll retain relevance no matter how many times you pivot topics or approaches. Your subjects will stay fresh as you approach leads with different topics, but your focus will remain consistent as each topic will be related by what’s most important: the customer’s needs. Instead of putting your whole value proposition in an email, break it down to create a concise sequence of attention grabbing topics. With a well crafted cadence, you’ll be able to not only generate opportunities, but also gain insight into which topics get the most engagement.

No One is as Productive as They Think

In a survey of how much sales reps thought they engaged prospects, the average number of perceived touch points per lead was 15.⁵ However, most reps actually only use 8 touch points per outbound sales prospect. Even top performers only use as many as 12 per prospect,⁶ meaning that it’s very easy to lose track of your relationships with each lead. The beauty of a well planned cadence is its ability to create a schedule for your messaging and keep your outbound prospecting efforts organized. Equipped with a strong cadence, a good insurance agent will be chugging through their pre-organized tasks each day as they go through their schedule, but even that can only go so far.

Besides minimizing distractions, one of the best ways to increase productivity is to improve the efficiency of how you spend the most time: working. To accomplish this, the average sales rep will use an average of 6 tools to help manage their load: A CRM, a data-list feed, a tool for social prospecting, an email engagement tool, and a tool for their sales cadence.⁷ Insurance agents typically don’t have such a busy sales stack, but they can learn a thing or two from these savvy inside sales reps about sales tools and automation.

Choose the Right Tools for the Job

When you’ve hit a wall in your productivity, utilizing a tool to help automate your workflow can take you to the next level. But between sending emails, making calls, creating and assigning buyer personas, and keeping track of your performance and tasks, the consistency and organization of a sales cadence can come at a cost of the time invested into upkeep. Without the proper tool or service, you would need to do lists and excel sheets to manage your cadences with various leads and incorporate them into your busy workflow.

Of course every insurance producer has tools at their disposal, but while your CRM may help you keep track of your prospects and your emailing tool will help cut the number of emails you need to write, the best tool for managing your cadences is a sales engagement platform like 20 Miles. Most sales engagement platforms manage workflow sequences, automate and track emails, create buyer personas, integrate with your CRM, and analyze data on the whole process to optimize, but 20 Miles takes it a step further: In addition to a feature-packed platform and award winning integrations, With robust analytics and a suite of sales tools, 20 Miles lets you get more work done while providing the data you need to perfect your process.

Takeaways

The usefulness of a sales cadence goes so much further than organizing your workflow or helping to ensure continued follow through on your outreach attempts. With the right approach, your cadences can become sources of data on your prospects and help to build loyalty with them through reliability; With the right tools, you can increase productivity and separate yourself from the rest. As you prepare to prospect your next group of leads, consider these insights to take your sales cadences to the next level.

Sources:
The Harvard Business Review: The Short Life of Online Sales Leads
Sales for Life: Social Selling 2017 Trends Report [Via Hubspot]
CSO Insights: 2018 Buyer Preferences Study
Netsertive: 2018 Local Consumer Survey
InsideSales: How to Build a Sales Cadence to Rule Them All
The Bridge Group: SDR Metrics and Compensation Report [Via Sales for Life]
InsideSales: How 900 Companies Build and Execute Successful Sales Development Teams [In partnership with Sales for Life and others]

Benepath Agent Success Series Webinar – Calling Like a Professional

How do your phone communication skills size up according to your clients? Closing sales for insurance agents on the phone is hard enough, but if your phone call delivery is lacking in even one aspect, your efforts could be . We at Benepath want to help ensure your phone calls are as effective as possible, for this reason we are thrilled to announce our first Agent Success Series Webinar.

In this 30 minute webinar hosted by Benepath President, Clelland Green, and Revity Sales Consulting Partner, Morgan Smith, we will coach you in effectively calling your consumer leads to make the most of every second on the phone with them. Clelland and Morgan get right to the point, coaching you topics including:

  • The importance of tone throughout your call
  • Effective messaging to guide a consumer into a sale
  • Proper contact etiquette

We also give you the ability to ask your specific questions to the professionals that will be answered at the end of the webinar!

Sign up here.

Timely Tips for Calling Leads

There is no one set in stone method for calling leads. Every agent does things differently. But there are good ideas to follow when calling.

Depending on what geographic area you asked for when you purchased your insurance leads from an online lead generation company, you may face the prospect of leads being in different times zones. Make sure you sort your leads into various time zones and pay attention to time differences. The last thing you want to do is call a Florida lead from California at what may be 9p.m. your time, but midnight in Florida.

Sort first, call later and later

All leads should be sorted before working on them and what criteria you use is up to, as you are the one working them. In general though, begin with dividing the names into time zones. Choose your calling hours for the respective time zones: PST, MST, CST and EST. Also pay attention to whether or not a particular time zone follows Daylight Savings.

Let’s say you want to call between 9 a.m. and 9 p.m. in the lead’s time zone. You can find out time zone differences by checking them online. It would be helpful to keep this process as organized as possible and have a tabbed divider for each zone. It’s far easier to keep track of the leads you have called, where they are and what they said in one place than to toss them all into one working pile and try to guess who said what later. In keeping with being organized, start with the time zone you live in. Once you get closer to your designated shut down time in your time zone, you can begin calling in others. It’s simply a matter of determining who to call next based on your organized tabs. Using this method to extend your calling day and the number of leads you are able to reach has the potential to be very profitable in terms of conversions.

Remember, calling leads is a relationship marketing process

You’re selling insurance. You’re calling leads. You’re wanting to make as many sales as you can to grow your business. You trash leads that do not cooperate and move on, right? Wrong. No matter what kind of sales you are in, whether you are selling insurance or cars, website design or widgets, all marketing is relationship based. You are not just selling a product. You are selling yourself. That is why it’s called relationship marketing. Building an insurance business can only be done by cultivating relationships that are mutually beneficial. Every agent, even those working with pre-screened, pre-qualified leads is going to run into someone who does not want insurance, even if they wanted information. That’s life. And, when they say no, they may mean No, not right now. Do not trash them. Keep the information and check back later. Things change day-to-day for all of us. The same observation is applicable for a lead that wants insurance quotes one day, but not two days later. Respect that decision and the process. Maintain a good relationship with those who decline insurance. It may pay off later.

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