by KPIA » Wed Dec 08, 2010 11:53 am
I have had good results with DM, but I do my own. Not all that easy, but worth the effort.
The key is the DM piece itself. Also, tracking is key with any advertising. In evaluating effectiveness, you must consider total ROI, not just first policy term revenue. Single line policies on average generate 3.5 renewals. Two lines jumps to 8 then the curve shallows a great deal. You have to figure total income derived. Most advertising is a loser in the short term but the cumulative effect when the renewals kick in is where the butter hits the bread (fresh out of the ACME Metaphor Mixer 3000).
Just my opinion, your mileage may vary.