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February 20, 2009 Case Study: New York Life's eBusiness And Agents Live Happily Ever AfterA Revamped eBusiness Strategy Scores By Selling The Agent Appointmentby Chad Mitchell with Benjamin Ensor, Courtney Tincher |
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In 2001, New York Life Insurance's Web site, which was intended for communication, education, and service, was not meeting its customers' or agents' needs. Web analytics showed that customers were trying to use the Web site to connect with agents, yet agents were not receiving quality leads. New York Life crafted a new eBusiness strategy that focused entirely on its agent sales force to "sell the agent appointment," generating quality leads at reasonable costs. Along the way, the firm developed a stable of eBusiness best practices around eBusiness strategy, agent adoption, marketing performance, and measurement. Above all, New York Life has proved that the eBusiness and agent channels can work together in a multichannel world.
This is an excerpt
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Marketing & Advertising, Acquisition Marketing, Relationship Marketing, eBusiness/eCommerce, Business-To-Consumer eCommerce, eBusiness/eCommerce Best Practices, eBusiness/eCommerce Strategy
Financial Services, Consumer Financial Services, Financial Services Customer Experience, Financial Services Customer Relationship Management, Financial Services Marketing, Insurance, Online Financial Products & Services, Consumer Industries