Who Is Your Insurance Target Market?
By: Jason Cunningham (8-17-2006)
Your target market is what keeps you in the insurance industry.
Without the benefit of a defined market, you might feel like everyone is part of
your target market. Unfortunately, frustration is likely to be the end result.
No matter your profession, production generally determines
your salary and bonuses. If you are in insurance sales, you are definitely
are no stranger to production goals. In fact, unlike many professions, you
really have more control of how much money you make.
Your penetration of a particular insurance target market
is necessary for you to stay in insurance sales. You do not want to target
individuals with an impossible money flow problem. These people are more likely
to cancel their policies. So, you must concentrate the majority of your energies
on successful business people like yourself. However, this does not mean that
you should ignore individuals without lots of dollars to commit to a needed
insurance program. Merely, it should not be your focus. Otherwise, you might be
looking for a new job.
Any target marketing should focus where you have a comfort
zone. If you are analytically challenged, maybe engineers should not be your top
insurance target market. Keep things in perspective. Know your strengths as well
as your weakness. Your three to four four insurance target markets should be
familiar ground and keep you busy.
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