Where You Eat Lunch Can Help You Get Business

Commentary October 30, 2023 at 12:23 PM
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Everyone eats lunch.

The security guard eats lunch, and the bank president does too.

Here is what a bank president told me about how a routine he developed when he started as a loan officer has continued throughout his career.

If it works for a bank president, it can work for an insurance agent.

The Lunch Opportunity

Many financial professionals might choose to eat lunch at their desk.

Why? Clients might call, and it saves money.

If you're seeking to build a clientele or add to an existing book of business, it makes send to insert yourself into the world inhabited by your prospects.

Put another way: Eat lunch where they eat lunch.

Back to our bank president. He asked, "Where do you think business owners eat lunch?"

At their desk? No, there would be interruptions.

In the executive dining room? They don't have one.

Maybe they go to fancy restaurants? Wrong again, it takes too much time.

The correct answer: Many business owners eat at diners and luncheonettes.

They can get a good meal and be in and out quickly.

How the Strategy Works

Pick an area where there's a concentration of the type of people you want as clients.

This might be main street businesses or the base of a large office building.

Find a coffee shop or luncheonette nearby.

Not every place qualifies. It must have a counter with stools. Gourmet coffee shops where you carry away your purchase don't count.

Become a regular. Sit at the counter every day at the same time.

Talk with the people seated around you. You'll discover there's a crowd of regulars.

This includes local store owners, municipal employees and professionals.

You'll gradually get accepted as one of the crowd.

You aren't pushing business, but you are taking time to learn who everyone is, where they work and details about their families.

You're also enjoying lunch in the process.

Why Does the Strategy Work?

Let us get back to our bank president.

He explained: "You would not believe the amount of business I got over the years. One guy turns to another and says: 'See that guy on the stool over there. That's Fred. He's the president of the bank.' The other guy thinks: 'He's the bank president, and he eats at the same place as me. He must be a good guy. I'm going to walk over and ask him about a loan for my business."

The Evening Version

This strategy can also work if you like to enjoy a beer or cocktail before heading home.

Find an office building or area with likely prospects.

The courthouse area attracts plenty of lawyers. An office tower might have several floors of engineers.

Find a bar in the base of the building.

Become a regular, visiting at 5 p.m. or so most weeknights. (Do not develop a drinking habit!)

Sit at the bar and watch the game on TV. You're becoming a regular.

Talk about the game with the people around you.

They'll figure out what you do, and you'll learn about them.

The beauty of this strategy is you're going to eat lunch, and, possibly, have a drink after work, anyway.

Being selective about the location provides the opportunity to mingle with people who have business potential.

Credit: Adobe Stock

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