Timid producers will go broke

Commentary January 31, 2014 at 04:00 AM
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It has recently come to my attention that many of you are struggling with appointments.

A common trend today is to avoid being offensive or "pushy," putting too much pressure on the prospect for an appointment. In our zeal to keep from offending people, we are actually causing a disservice. If our products and methods will truly improve the quality of life for our prospects, then we should be aggressive in helping them overcome their ignorance of available solutions to problems.

For example, most government employees, both federal and local, are woefully underinsured or are paying premiums that are excessive for group term life insurance. Because we know that these prospects can benefit greatly from what we do for a living, then all we must do is get an appointment.

After getting a name and number of a prospect and referral source, the next step is usually pretty easy, but even if you don't have a referral, being bold and mildly aggressive with your call will help. The old tried, tested and proven feel, felt, found formula works really well in overcoming appointment resistance. Preparing your brief phone contact in advance will help you get past call reluctance and keep the conversation going in the right direction.

You must be prepared for a voice mail and for a live pick up. A voice mail should go like this: "Hello Mrs. Smith, I'm Kim Magdalein of Magdalein and Associates. I understand you are a postal employee and therefore probably have life insurance that is offered by payroll deduction. My postal clients have found that I have been able to save them literally thousands of dollars. Please call me back or accept my call on my next attempt. The caller ID will be (904) 343-3532."

You could actually mail a post card to announce the coming call. That would help your chances of them accepting. I have found that about 20 percent will answer the call on the first attempt. After three attempts I will only mail post card follow-up attempts. After 12 post cards, I give up. Oh well, some will, some won't, so what.

When someone answers the phone, the beginning of the conversation is the same. Then ask for the appointment. If they object in any way, then say, "Mrs. Smith, I really do understand why you would be reluctant about meeting with me. Many of my clients felt the same way; it's kind of hard to believe that I could save you money. However, after meeting with me they discover that I'm telling the truth. Mrs. Smith, money is hard to come by, and I'm sure you would like to save money if you could, wouldn't you?"

If her answer is yes, set the appointment. Don't give up in resistance. If they were easy, they would already be someone else's clients.

Setting a specific time to make your calls creates consistency. A time and place for making calls is very important. You can take your cell phone anywhere, so isolating yourself shouldn't be a problem. Some people set aside one time and date to make calls. That's a mistake. You should make calls at least three times per week in short (one- or two-hour) sessions. If you spent up to six hours per week making calls, you'll make a lot of money. If you want to have luncheons or meet at Starbucks, that's alright for the initial appointment, but your office or their house should be the place for the second, closing meeting.

Keep the call energized and excited. People like to be around other happy, excited people. Three years ago, I lost a 19-year-old daughter. My attitude was not good for some time. I just found it difficult to get excited. But the people I interacted with weren't depressed. I couldn't allow myself the luxury of becoming a whiner. Adding financial worries to an already difficult situation wouldn't help, so I had to find reasons to smile anyway. My wife and family still relied on me to bring home the bacon. Don't allow other people's naysaying or bad attitude to become your own. You can't afford it.

Just remember, separate yourself from the pack. Become bold. There's no reason to be shy when you have real value to offer clients.

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