Prospecting: Is It Below Your Paygrade?

Prospecting: Is It Below Your Paygrade?

If you’ve been in the industry for a while, you know that most of your success can be attributed to two things – generating leads and converting them into paying clients.?

When you started out, you probably relied on “tried-and-true” techniques such as cold calling, in-person networking, and taking coffee with anyone who would fit you into their schedule.??

New advisors don’t have many clients to manage, so it makes sense for these activities to take up a majority of their day.??

While these tactics can work, a major blind spot emerges as you get more established in your career.?

As your book of clients increases, you find that your time is much more limited then when you had very few clients to manage.?

Since adding a new client to your book means less time you can spend prospecting, you inadvertently end up looking for “short cuts” by buying leads that are often low quality, causing you to then increase your time trying to chase them.?

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This creates a vicious cycle, eventually leading to burn out and your business plateauing, and eventually declining.?

Essentially, you’ve arrived at a crossroads – either push past your limits to grow, or think small to retain your sanity.?

To get out of this conundrum, you need to rethink everything to preserve your most asset ? – time.?

You see, it’s a common misunderstanding that lead generation and conversion are one in the same - but this couldn’t be further from the truth.?

Lead generation, when done through prospecting (manual labor), is extremely time consuming and only serves as a way to filter out the unqualified tire kickers.?

In a low-volume/high-margin business like yours, you need to shift your mindset to an “inbound” demand model were your qualified leads already trust, before your first consultation with them.?

To take your business one level up, you need to put a high value on your time and accept that manual prospecting might now be below your paygrade.?

You may be thinking: “If I don’t reach out to prospects, where will my leads come from?”.?

The answer is sophisticated, yet simple.?

Create an inbound trust-based sales and marketing system that operates automatically in the background, bringing you qualified leads onto your calendar, instead of you having to go hunting every time you need a new client.?

To do this, you need to:?

1. Shift your thinking from outbound to inbound?

Stop hustling, chasing, and networking for clients -- instead attract them to you by becoming a Trusted Authority and focusing on their problems instead of your offerings.?

2. Believe you can learn to make the sale on the very first meeting?

Instead of persuading, educating and doing free consulting and planning (which will often trigger: “I’d like to think about it”), take a diagnostic approach and dive deep into their issues so you can build trust in one single conversation (The One Call Sale).?

With a problem-centric marketing (rather than solution-centric) process, you can finally breathe a sigh of relief knowing that you can scale and grow your business without having to sacrifice your time in the process.?

When you master this, you will have a sophisticated system that feeds you for life.?

Get Ari's latest best-selling book "Trust In A Split Second!" for FREE along with a Complimentary Lead & Sales Growth Consultation (Value $995.00) at https://www.UnlockTheGame.com , and listen to his podcast "Stump The Guru" where he answers live sales questions and challenges at https://www.UnlockTheGame.com/Podcast and watch his free Masterclass at https://www.UnlockTheGame.com/Video .

Peter Beckenham

SE Asia's # 1 Authority on Trust-based Conversations that attract, nurture and convert potential clients

1 个月

Ari Galper another excellent example of sales wisdom. However, one of the biggest obstacles is the change from outbound to inbound when it comes to prospecting. I fully agree it's essential to focus on a prospects problems rather than our solutions but being able to get access those prospects to discuss their issues without chasing them is still a real challenge for many marketers

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Sundus Tariq

CMO| Data-Driven E-commerce Strategist | Generated $100M+ in Revenue | Conversion Rate Optimization Expert| Revenue-Focused Analytics | Sales Optimization Expert |10+ Years Experience

1 个月

?? Absolutely! Mastering lead generation and conversion is crucial for long-term success. Keep evolving! ??

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Lynn E. Kitchen

Investment Strategist & Mentor | 34+ Years Elevating Wealth | From Six Figures to Seven and Beyond

1 个月

Useful tips

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