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Spend
20 minutes and RAISE Your Sales by 20%
by Larry Klein, CPA, MBA,
Certified Senior Advisor
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Having coached thousands of producers, I have noticed that 20 minutes a day, spent
in the
following way, will increase sales productivity by at least 20%:
- At the beginning of the day, do nothing for 10 minutes other than plan your
day. Pick two or three items to accomplish that would make you feel the day was
productive. Do not add more to your list.
- Insure that you will accomplish your items by you being the boss of your day.
I have observed that for most producers, other people and things are "the boss"
that control the producer's time. For example, the client who calls with a service
problem, the car repair shop who calls about maintenance that's due, the papers on
the desk that call for attention, the Wall Street Journal that calls to be read,
etc.--these are all attempting to dominate you and be your boss. Either you are the
sole boss or everyone and everything in the universe will be your boss and consume
your time.
You retain control by not answering the phone. Either have an assistant answer
incoming calls or have your voice mail answer the phone. Stop falsely believing that
a ringing phone is a sales opportunity. The truth is that 90% of incoming calls are
time wasters and one-way communication that can be handled by voice mail. You return
the calls on your time when it's best for you. No more allowing everyone to interrupt
you.
By the way, notice that most telephone communication is one-way. Someone calls to
give you information or you call to give them information. No conversation is required.
Yet, so many producers play a day-long game of phone tag because they do not make
the distinction between one-way and two-way communication. Train people that call
you to leave complete messages that you will not need to return, with this voice
mail message: "Hi, this is Bob Smith. In addition to leaving your name and number,
please leave a very detailed message on how I may assist you or leave the information
you have for me. In addition, please leave your email address and fax number, so
if you need any documents, I can get those to you right away."This simple message
will eliminate 70% of your return calls.
Clients or prospects making some request or demand today will need to wait because
your priority is the completion of items on your list for that day. Their needs that
occur today will be added to tomorrow's list. By the way, maintaining a list means
that you MUST have a daily planner or personal digital assistant (e.g. Palm Pilot)
with both your work and personal schedule and to-do items recorded. I am still amazed
at how many professionals make notes on small slips of paper or post-its and do not
have a daily planner system. If you have been using the slip-of- paper system, please
cease that today and get a daily planner system.
Before each appointment, take 5 minutes and design what will occur. Think
about the prospect. What motivates him? What are his biases, likes and dislikes?
See these through his eyes. Imagine you are him--what are his concerns, uncertainties
and hesitancies? Now picture that you assuage these issues and he decides to do business
with you. If you run this mental scenario before every sales presentation, you will
close more often. The problem is, most producers poorly schedule their day and need
to rush to get to a sales appointment. In order to have the five minutes needed for
the visualization exercise described, requires that you have your day planned and
avoid interruptions, as described above.
Last, if you have not computerized your client and prospect list, hire someone
to do this. Just give them the information and have them record it all in ACT! or
Goldmine or any popular contact management program will work. Pay someone to show
you how to use the software. This alone will save you 30 minutes daily and produce
more effective time for sales activities.
Larry Klein is a CPA, Certified Senior
Advisor and he holds an MBA from Harvard Business School. His company, NF Communications,
produces programs he personally tests, that enable stockbrokers, financial planners,
investment advisors and insurance agents to rapidly grow their businesses. His programs
are in use by brokers at most major securities firm, many NASD firms, and by agents
with some large, well-known insurance companies. Details on his programs are available
at http://www.nfcom.com/promo.cgi/fsjo
Larry is the author of Retirement Investing, an easy to read book suited
for those already retired or close to it. The book is licensed to others for use
in their community--by using it, you can become a financial author overnight. Larry
can be reached at his web site http://www.nfcom.com
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