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Are Your Agents
Sales Professionals or Sales Laborer?
Larry Klein
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The
thousands of agents I have observed are mostly sales laborers. They
spend their day:
Answering the telephone
Opening mail
Handling inquiries
Resolving Problems
Scheduling appointments
Calling Prospects
Reacting
Take a hard look and see if you are doing the same. Read on and you'll
find a way out.
In between the above activities, you have client appointments. The
client appointments, the opportunity to make your money, get sandwiched
in between the activities that generate no money. In other words, you
have two appointments consuming a total of 3 hours a day and the other
7 hours you spend in non-revenue-generating activity.
Although I have often heard doctors criticized for their lack of
financial understanding, they know so much more than the average
financial planner about running a business. Look again at the above
list of laborer activities. Does your doctor do any of these
activities? No. He spends his time in client appointments, back to
back, all day long. The entire day is one long fee-generating party.
Your doctor is a professional, not a laborer. Are you a sales
professional or a sales laborer? If you do not like your answer, here's
the way out.
Refuse to do the laborer activities by hiring someone to do them. Your
first reaction to my suggestion will be something about not having
enough money, or when you make x amount, that's what you'll do, or
someday when....
You've got it backwards. When your doctor first opened his practice, he
hired an office manager who acted as receptionist and he hired a nurse.
He hired two people before he had one patient! Then, he could spend his
time visiting with other established doctors generating referrals,
spend some hours a week on the staff of a hospital and generate
billable services and pursuing the activities which would build a
lucrative business with an abundance of clients. Your doctor pursued a
simple financial concept that many agents do not get: invest today and
reap the rewards tomorrow. Sure, you tell your clients that, but look
at your business to see what you believe.
Too many agents are focused on minimizing today's expenses and they
will never create the tomorrow they desire. Most agents do not
understand the simple model of a successful professional practice. The
model is that you do everything to maximize the most valuable resource
for its highest and best use--the agent’s time must be spent
in selling activities. The time for those activities must be created
BEFORE the activities occur. You must create a CONTEXT
before you can create the CONTENT.
So:
Hire a service assistant if you do not already have one. They will do
the activities on the list at the top of this article
Hire a sales assistant that does all of the sales grunt work.
Activities such as setting up seminars, sending out the direct mail,
calling CPAs and setting up appointments to meet them, calling your
clients and getting referrals and finding out the groups they belong to
that you can speak at, sending out a newsletter to your clients and
prospects, etc.
For 120 days you may have negative cash flow. But then you will notice
a transformation. You will wake up one morning and notice that you are
a Sales Professional! You spend your day
meeting with clients, prospects, referrals, referral sources,
networking, giving talks, writing articles--all of the activities that
only a professional can do, the items you cannot delegate. Business is
being referred, you have more appointments, your are getting larger
clients and your monthly income is hitting new records.
You're skeptical that this risk will work? Here's a tip. If you want to
see how extraordinary you are, you've got to raise the stakes. You've
got to take risk beyond your comfort zone to operate at a higher level.
And if you need a reminder to stay on track, just call your doctor's
office to make an appointment and see how many weeks you have to wait
for an opening.
Larry Klein
is a CPA, Certified Senior Advisor and he holds an MBA from Harvard
Business School. His company, NF Communications,
produces programs that enable stockbrokers, financial planners,
investment advisors and insurance agents to work as sales
professionals, rather than sales laborers. His programs are in use by
reps at most major securities firms, many NASD firms, and by
independent agents as well as captive agents with large, well-known
insurance companies. You can download additional details and reports on
improving the quality of your clients from www.nfcom.com
or call 800-980-0192.
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