Are You a Hunter or Trapper?
Photo by Fabrizio Frigeni on Unsplash

Are You a Hunter or Trapper?

There are basically two ways to build a successful financial services business: the hard way as a hunter or the easy way as a trapper.

What’s the difference? Hunters are product centered; they concentrate on anything that moves. In the process, they invest a lot of time and energy but get little return on their marketing and selling investment.

They eventually develop a fear of and reluctance for prospecting, and so they avoid it simply because they lack the skills to do it effectively.

Enter the Trapper

Trappers, on the other hand, are concept centered instead of product focused. This enables them to prospect by communicating ideas. They take pride in their profession. They view themselves as professional services providers who have something unique to offer.

They understand that the products they offer are practical vehicles to attain results for their clients.

Instead of just aiming at anything that moves, trappers select their markets and use a wide variety of?marketing techniqes?to gain the attention of prospective clients, come to them, or at least pave the way to warmly approach them.

Trappers are able to project an unmistakable conviction and can overcome difficult situations without becoming discouraged by rejection.

Hunters often see themselves as simply order takers. They limit themselves to selling a specific product, instead of using the product as means for a prospective client to achieve their broader objectives.

To make the shift from hunter too trapper, you need a sales philosophy. Here are five things you can do:

  • Make a list of all of the features and benefits that your service or products provide to clients.
  • Next to each feature and benefit, list the outcomes or value that it provides.
  • Next to each value, list your beliefs or why this is important.
  • Summarise your list of beliefs into ideas.
  • Approach prospective client's for a brief meeting to share your ideas

Top financial services professional Martin Shafioff said, “Your sales concept or philosophy will become an inspirational force allowing you to communicate and market your ideas on a level that is unattainable by those who lack it.”

When you become a trapper, you will be building your business the easy way.

Clifton Warren provides leading edge and growth solutions for professionals. Contact him at www.cliftonwarren.com

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