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May,
2002
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Article Submission
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Journal Archives
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ABOUT
FSO
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Financial Services
Online (FSO) is the first and largest financial services publisher and portal
on the Internet. Our publications include Financial E-News, Financial Services Journal
Online and Messages From The Masters, which are available at no cost on our Portal
http://www.fsonline.com
ADDENDUM:
This
Newsletter is published by Financial Services Online, Inc. and distributed
on a complimentary basis to members of NAIFA, subscribers of the Virtual
Sales Assistant(TM)
and selected other recipients. It is designed to provide financial service
professionals an overview of the events and happenings that may affect their business.
If you would like additional information on any items or the sources used, please
e-mail us at e-news-list-admin@ e-news.fsonline.com
Contact: Carolyn Hersman
chersman@comcast.net
Copyright © 2002 Financial Services Online. Reprints and/or permission
to reproduce Financial Services Journal must be obtained in writing from the
publisher, Financial Services Online.
LEGAL NOTICE
Please read these important
legal
notices
concerning this publication |
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About
NAIFA
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| Founded in1890 as the National Association of Life Underwriters,
NAIFA is comprised of 900 state and local associations and represents the interests
of 90,000 life and health insurance agents and financial advisors nationwide. Many
of NAIFA's members are NASD-licensed registered representatives or registered investment
advisors. Benefits of membership include legislative and regulatory representation,
education and training, and networking opportunities. The NAIFA umbrella includes
the Division of Financial Advisors and three specialty organizations: the Association
for Advanced Life Underwriting (AALU), the Association of Health Insurance Advisors
(AHIA) and GAMA International. |
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Please note
email change for the editor:chersman@comcast.net
How to Analyze Your Client
Base
...and
other critical factors to make your
practice exceptionally profitable
by John
H. Melchinger
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More than 85
percent of the time, professional financial services practitioners find their most
suitable and lucrative target market segments by first doing a thorough relationship
analysis before trying to arbitrarily access "the affluent" or other amorphous
"markets" with which the practitioner has little or no affinity.
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INSURANCE
SELLING
Throw
the Monkey Fist First
by Jim McCarty
CLU, RHU, LUTCF, RFC
The sale of life insurance
is often perceived by producers as a problem. It only becomes a problem, however,
when it ceases to become a procedure. This procedure begins with the basics, talking
concepts -throwing the "monkey fist"- before discussing the details. Don't
forget, until prospects buy into the concepts, they will never buy into the details!
ADVISOR
TODAY
Vary-able Life
by Lynn Vincent
True to their name, variable life sub accounts, well
... vary in value. Here's how to deal with consumer concerns over equity-linked products.
THE
STRESS DOC
Purposeful
and Playful Workshop
Exercises and Strategies:
The Art of Practicing Safe Stress
by Mark Gorkin, LICSW
Reflecting on his recent successful
Professional Convention Management Association Annual Meeting workshop, the Stress
Doc briefly describes the two key interactive exercises. He then analyzes why they
are highly effective for yielding stress relief, laughs and team building synergy.
SALES
How To Become Enormously
Successful In Your Insurance Profession By Astonishing Your Clients At Least Four
Times Each Year!
by Ken Varga
The first step to building a massively
successful insurance agency or practice is to understand this important business
principle..The
Purpose Of Your Agency Or Practice Is...To Get And Keep Lots Of Customers Or Policyholders!
SELLING
SKILLS
The
Forgotten Art of Listening
by Ed Brodow
We hear mostly what
we want to hear, not what the other person is trying to communicate to us. Many conflicts
can be resolved easily if we learn how to listen.
50-PLUS
COMMUNICATION
Life
Happens: Learn To Make Money From It
by
Dick Ross and Michael P. Sullivan
At some point, everyone
needs help dealing with financial implications of life's inevitable ups and downs.
Births, deaths, marriages, retirements, accidents, illnesses, divorces, new jobs;
you name it, they happen to everyone you know and everyone you meet. |
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FINANCIAL
PROFESSIONAL
The
Two Sides of No
by Steve Kaye, Ph.D.
Rejection hurts. No
one likes to give it or to receive it. We all wish we could live in a world where
everyone said "yes." And yet sometimes we have to say "no." Here
is how to deal with both sides of "no." |
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PSYCHOLOGICAL
MARKETING
Psychological
Marketing 101
by Michael Lovas
This is what I call "Psychological
Marketing 101." It's not very sophisticated, but it's miles better than the
"old school." Better how? Better in that you get to take the advantage
and control your marketing instead of being a casualty of it. If you're passive,
this may not be for you. If you're self-directed and like to control your own activities,
then, you will probably like Psychological Marketing.
SALES
PRESENTATIONS
Sales
presentations that "hit home"
by Sales Excellence
Have you ever spent
all night -- or what seemed like all night -- putting the finishing touches on that
perfect presentation? You arrive the next day, deliver your message with conviction
and flair, and leave for home feeling great, only to discover later that they decided
not to buy. It bugs you a little, doesn't it?
RELATIONSHIP
SELLING
Helping
Others Helps You
by Bill Brooks
A by-product of helping
others to achieve focus and direction is that your own focus and direction improve
as well.
HIGH
PERFORMING ADVISORS
The
Cost of Not SayingThank You
by
Norm Trainor
Advisors, because they are often
heavily focused on the daily demands of their business, tend to neglect acknowledging
others. As well, advisors don't usually appreciate the referrer's emotional stake
in the relationship, their need to know that their friend appreciates the referral,
and their need to be assured that the advisor is strengthening the bond between themselves
and their friend.
THE
DIFFERENCE IS YOU
Now More Than Ever - You
Make the Difference
by
Stan Hustad, Performance Coach
Trying times bring
us to lasting truths if we have the sense to stop, listen, learn, and change. The
truth is that now more than ever, it is the advisor makes the difference. For some
time we followed the fools tale that there was a new economy of eternal prosperity,
that the business cycle had been repealed, and that the financial advisor should
market and sell company, fund, and market performance. The advisor who played that
game now has nothing to say because they have nothing to offer. |
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