Weekend wrap-up 4/4-4/8
By Lauren McNitt
This week on ProducersWEB, some of our most knowledgeable industry veterans shared their valuable sales advice and tips.
Firefight your way to higher sales
Brian Summers, professional firefighter turned top producer, told us how he got into the industry and how to apply his best firefighter tips to your sales strategy.
1. Stay calm
A manager with my company once asked how I stayed so calm, and I replied, “Well, nobody is going to die if the deal doesn’t go through.” If you are nervous and too excited, those emotions will resonate throughout the meeting. Remember, nobody is going to die if your presentation doesn’t go well.
2. Hit the hydrant
Think of the hydrant as your way to generate sales. Cold calling, drop-offs and networking are all ways you can hit the hydrant to generate sales. Nobody likes to cold call, yet it’s one of the most effective ways to generate sales.
3. Respect your co-workers and clients
One of the reasons firefighters are respected is the nature of their jobs, but the major reason is the respect they show everyone. From the man or woman receiving government assistance to the millionaire business owner, a firefighter’s objective is always the same: protect life and property. It doesn’t matter who you are.
4. Do your job
My suggestion is role specialization. If someone can close the cases, then that person is the “opener,” and a company should do everything possible to support that person’s role.
Keep it simple, stupid! You have a “bread and butter” decision maker presentation, and you build your training from there. In the end though, present to the decision maker, make the sale and go home.
Overcoming the dreaded sales slump
A ProducersWEB newbie, Joe Simonds told us how the best advisers overcome a sales slump and emerge with even higher numbers than before!
I have noticed the more successful advisers, regardless of location or time of year, always have shorter slump periods than the average adviser. Why is this?
After studying this phenomenon for many years, I discovered that the successful advisers always put a similar idea to work. They bust out of their slump by working harder than they ever have before, and even putting more time and money back into their practice than they were during good times.
More sales strategies and tips from this week
Life insurance sales: Section 162 executive bonus plans, by Dan Vinal
Why closing is hazardous to your sales health, by Charles Green
Don’t kick the can, Pt. 4: client servicing traps, by Steven McCarty
And some sales news
Brokers, advisers migrating to the independent channel, survey finds
Adviser earnings dropped since 2009: report
Broker/dealers still bear responsibility after outsourcing: FINRA
Many advisers’ communication skills need work, study finds
For more sales tips and strategies from the industry’s best and brightest, visit our sales and marketing page — dedicated to giving the best advice and answers to all of your sales-related questions.