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October 2nd 2008

Knowledge Means Sales

Author: Seth Kravitz | October 2nd 2008
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Seth Kravitz

Location: IL

Author:
Seth Kravitz

Owner, AgencyWiz.com ยป



When a customer starts shopping around for insurance they are looking for an agent that knows and understands the insurance they are selling, and they are looking for the best value. When you understand what it is you are selling that will come across to your prospect. The prospect is trying to make a very important choice on which product it is will best protect their client. They want an agent who has the knowledge and experience that gives them the ability to feel confident with their decision. And the more you know the easier it is.

Be passionate about your product – Whether you offer one product or several, you need to be passionate about what you have to offer. You need to believe in what you are selling and the excellent value that is there. You won’t be able to do this unless you totally comprehend the products you are offering. For then you’ll be able to determine how those products will benefit your prospect.

Speak naturally – When you know your product well you’ll speak much more naturally because you won’t have to be looking back to your notes for answers. You’ll be able to handle questions on the fly giving you a natural presentation plus you’ll come across as a professional and personable agent.

Match product to clients needs – The more you know about the products you are marketing the better you will be able to match your client and product.

It’s a must that you are confident in your sales approach and that confidence comes from knowing your product line. Confidence means you’ll sell more products and build your client base.

Stay On Top With Continuous Study

Don’t make the mistake that just because you can list every benefit there is to your product that you don’t need any new product education. Most states have regulations requiring insurance agents to take a certain amount of courses in order to keep their insurance license. That means you’ll need to meet those commitments, but you should also stay on top of your products by taking a continuous study strategy.

Being proactive with new product information, trends, and even changes to existing products is very important. Refresher courses are a good way to stay on top of things, and trade journals are also a valuable tool that you should consider using.

The Difference Between a Good and a Great Agent Is Knowledge

Going the extra mile and learning everything there is to learn about products and keeping up with the industry and changes that occur will pay off for you in an increase in sales. It will keep them coming back year after year. If you work for an agency they will often pay for any educational courses and if you are the agency you can write off education expense, which can be very helpful. If you want to be better than good – if you want to be the best – then you must remember knowledge is power.

The Difference Between a Smart And Not So Smart Agent Is Lead Generation

Smart agents know that time is money and so they want to save time finding prospects and instead use that time and their knowledge to convert prospects to customers. Lead generation services like InsuranceLeadz.com provide quality leads that are fresh and affordable. They do the messy work and leave the selling to you, and isn’t that what your good at? So why wait another day before learning just what it is smart agents do?

Comments:

Wednesday, October 29th 2008, 9:51amKAWONDA JOHNSON
KAWONDA JOHNSON

This article was very informative. Do you have any recommendations on where to find information on annuities? Each marketing company I contract with wants me to sell annuities, but I am not comfortable with these products. Looking at the commission rates, I realize it would be in my best interest to at least consider selling annuities.

Saturday, August 22nd 2009, 5:08pmTina Glover
Tina Glover

I wish Kawonda's question was answered because I am having the same difficulty that she was having last year. My main problem is how do I get the clients money to the company? I do have one company that their quoting software is easy to understand but I still am having problem of getting the money to the company. Is there anyone out there that will help?!

Saturday, August 22nd 2009, 5:04pmTina Glover
Tina Glover

I feel the same way Kawonda, I would like to know more about annuities also. Most of the companies I have been receiving information from wants me to sell them but I don't feel that I know enough about annuities to sell them. I don't even understand how I would get the customer's money to the company. There is one company that I have, their quoting system is pretty easy but I just don't understand how to get the money to the company from the client. HELP!!!!!

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