You Think They are Basic… But Clients WANT THIS INFO!

Just saw the key to growing a huge practice over the next 5 and 10 years… a survey done with consumers interested in retirement.

Believe it or not… The survey found that less than 20% of those surveyed were familiar with these 4 basic income strategies:

  1. Using immediate annuities for income
  2. Setting up a systematic withdrawal plan
  3. Structuring a bond portfolio
  4. Laddering CDs

Basic is right!  What we do with our software and planning makes these “4 basic income strategies” look down right backwards.

What the survey points out to us however, is that this is a huge market we can tap into by becoming income experts… BUT… you must sound different than all the other advisors who claim to be income experts.

If I was you…I would make it some different take on the basic theme of Income Expert.  Don’t just use Income Expert…think about it.  What can you do for someone, with retirement income questions, that none of your competition can do?

  • Are you the top expert on a local company’s pension or 401k plan?
  • Are you the local teacher’s go-to person for their 403bs because you know more about their choices than anyone else?
  • Are you the area’s foremost expert on when people should begin drawing their Social Security?
  • Can you explain the 8 different ways someone can set up their investments for withdrawal that increases their income… reduces their taxes… and decreases the chance of running out of money?
  • Do you have a plan that makes the average investor feel completely in charge of their income and their lifestyle?
  • Do you know more than anyone in the state on EXACTLY how income benefit riders work on VAs?
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Ho! Ho! Ho! Santa has arrived with clients!

How do you turn the Holidays into a fun way to find new business?  Host a Christmas Lights Tour for your clients… their families… and their friends.  It is surprisingly inexpensive and easy.

It’s also a great way to turn a traditionally slow business time, into a time to find new clients and money, by putting smiles on a whole bunch of faces.

It’s not hard to find a little joy in Christmas Lights.   That’s why I always put together a bus tour for my clients every December.  The first year it was a small bus.  Next year, a coach bus.  Year after that, two coach buses.

We have hot cider, cookies and candy.  We print song sheets to sing Christmas Carols.  It’s a blast!  My clients are invited to bring anybody they want.

What’s the result?  Create all sorts of good will from your clients.  Meet new people you wouldn’t have met otherwise.  And the great thing is, between the “found” money and the one or two new clients that I get from the tour every year… it not only didn’t cost me a cent… it’s a profit making adventure.

How can you beat that?  Have fun… put smiles on people’s faces… and make some money!

If you’d like the step-by-step guide to putting on your own Christmas Lights Tour… you can get it for free HERE , courtesy of 5Q Group.

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Getting the One You Missed Back into the Office

Ever had a prospect quit returning your calls?  It’s really difficult in today’s world of smart phones, to get hold of a client if they opt out of your sales process and won’t return your calls.  So what do you do?  Give up?

You get their attention by being different.  You do something completely unexpected.  You make them smile.  Here’s an idea.  You can buy boomerangs imprinted with your business info… or better yet, your unique selling proposition… for only $1 or so online (just Google “custom imprinted boomerangs”.

You then send the folks “lumpy mail” with the boomerang and a handwritten note inside.  Lumpy mail ALWAYS gets opened because people want to find out what’s inside.

On the hand written note, you say…

“I know we tossed around some ideas for you but you haven’t been back! SoI thought I’d throw out this boomerang for you to hitch a ride back in to see me.”  (Then repeat your Unique Selling Proposition (if you don’t have one, check out my free Elevator Speech Manual HERE) and let them know you’d love to at least talk to hem on the phone to answer any questions they have.)

You’ll be surprised by the response.  You won’t get all of them to come back… but many will reach out to you to begin the conversation again.  Why?  Because you made them smile… you were different.

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Little is Better than Big!

Bigger isn’t always better.  When it comes to ads in the paper, you are much better off with a small ad… repeated over and over and over.  The cost is the same, but your results will be much better.

Here’s what your smaller ad should look like…

  • Your Headline should take up at least ½ of the ad
  • Your Headline should be your Unique Selling Proposition… don’t have one?  See above for the free Elevator Speech Manual
  • The rest of the ad is your contact information and website

Then, run the ad continually for at least a month.  If you have a killer USP… you are going to get results.

Also, think about using the same ad in church bulletins… garden club newsletters… non-profit newsletters… and any other organizational newsletters you can think of in town.  Their ad rates are usually dirt cheap… and they get read cover-to-cover.

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Make It Easy for Your Clients to Refer to You!

Even clients who love us are skittish to give us referrals.  Here’s an easy, low-key way for your clients to make an introduction to you and their neighbors.

We all feel more comfortable doing something when we know others around us are doing the same thing. Consensus is the principle behind the “Neighborhood Mailings” technique.

Every time you bring on a new client, you send a postcard to their neighbors (with the clients’ permission) announcing you have helped another person just like them. The postcards call to action is for the neighbor to request their own FREE “Personal Organization Kit.”

You can see both the postcard and how to put together your own Neighborhood Mailing program in the 3-page guide you can download here.   Courtesy of 5Q Group.

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Where is the Best Place to Advertise?

As in everything in life… there is no best.  Everything has advantages and disadvantages.  The following table gives you the pros and cons of each.


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Meet in a Surprising Place!

People remember different.  They seek out different.  So, if you want to get in front of a group of people, try something different.   Restaurants are worn out, expensive and boring.  Why not try something different?  Try “destinations.”  Places where people could come see you and then spend the rest of the day there.  They can make a day of it.

Here are some possibilities:

  • My biggest event ever was held a meeting room in Cabela’s Sporting Goods store. And catering was cheap!
  • I’ve also held a couple of huge events at a local plant nursery that had a place for gatherings and had a BBQ.
  • My aquarium meetings were always a big hit as well!
  • Arboretums work terrific during the spring or fall.
  • Check with local museums and art centers to see if they rent out any space or allow events.
  • Many historical sites will also have rooms for you to rent.
  • Check with sports stadiums and speedways… many will rent out their boxes when the facilities aren’t in use.
  • Use your imagination! If it sounds fun to you… it will probably sound fun to your clients and prospects.

When you think outside the box, chances are you’ll attract more people and spend less money!

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This Sales Letter Netted 4 Big Clients

In today’s “Don’t have time to read no sales letter” environment… it is still possible to grab someone’s attention and get them to call you.
Here’s an idea from an advisor I know who closed 4 big cases using it.  He had a list of 800 people that fit his target market.  He then wrote a sales letter as if his 7-year-old daughter wrote it.  He wrote it as she spoke… with all of the wonderful things that make us smile when a child speaks.
Now here’s the kicker… he then went to the internet and searched “child’s handwriting font” and found dozens of different fonts that look like a child writing.  He downloaded the font and wrote the sales letter using that font.
The letter started with…
Ever since my daddy started helping people with their money, I’ve got to meet a lot of nice people.  My daddy said that we are growing our family by helping people keep their piggy banks safe.  I’m writing you to see if you would like to be one of our family.
Dorky? Yep. With that said… how many sales letters have you sent lately that brought in 4 big clients?
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This Tool Can Close Large Cases… it’s been around for hundreds of years… and most advisors ignore it

What is the tool?  A handwritten note.  The year I made $967,000 I sent out over 200 handwritten notes a month.  In fact, many of my large cases I credit to those handwritten notes.  Not sure of how handwritten notes close business?  Or, exactly what to write on those notes?  Why not download this simple 4-page white paper that walks you through it…courtesy of 5Q Group.

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3 Ways You’ve Never Thought About to Leverage Morningstar for More Sales

We’ve all used Morningstar for years… but you’ve probably never seen it used this way!  I suspect it’s almost the polar opposite to how you’ve been using it.  Find out how leveraging just 3 obscure parts of the Morningstar can catapult your closing ratio!   Watch the 6-minute video that walks you through both the items and the scripts you use with them.  It’s pretty eye-opening!

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