I'm regularly asked by clients how to increase agent
production. After all, only two things matter in this
business – making a difference in the lives
of others and increasing production. My suggestions
are effective and proven, but nevertheless, are often
not what managers and company executives expect. My
philosophy is simple, but it's not usually what people
want to hear.
Managers and company executives often want to discover
the magic words or special promotion that will universally
cause their team of agents to begin writing more business.
At the very least, they want that elusive solution
that will spur stagnant agents to take action and
write business. So what is the secret formula, special
promotion or magic phrase? You already know the answer
to this... There are no special words or promotions
that will cause weak performers to become strong.
Which brings me to my philosophy regarding influencing
agent production.
If someone lacks the desire to grow, nothing you
can say (short of threatening termination), will influence
their production. Work with the agents who want to
be worked with and leave the others alone (or let
them go).
The best ways to improve your team's production is
to 1) identify the agents who want to grow and help
them reach their goals, and 2) improve and increase
your recruiting results. Now, you might say that each
of the statements are pretty obvious, but for years
I've worked with intelligent, hardworking managers
who strive endlessly to improve the production of
each (read that as every one) of their agents. And
as a consequence, they are frustrated, stressed and
over-worked. Their time management and productivity
suffers and their team's production isn't all that
good. In addition, due in part to the scarcity of
time and energy, these managers recruit at a slow
pace. The consequence of working with agents who are
complacent, along with not doing enough with the agents
who want to grow and not recruiting at an adequate
pace, is that the manager becomes a weak manager –
and that is unfortunate and unnecessary.
Let me explain why my philosophy works so well. If
you regularly prod, nudge and nag agents who are complacent,
you waste their time and yours, you expend needless
and fruitless energy, you negatively affect your attitude
and theirs, and you take time away from efforts that
can truly make a difference – recruiting and
working with ambitious agents. By accepting that an
agent is happily complacent, you can still remain
supportive of him or her, and yet devote the majority
of your time, energy and emotion to those agents who
want your help and to recruiting new ambitious agents.
How do you differentiate between someone who is stagnant
and complacent, and someone who is stagnant and struggling?
It's not very difficult to determine, but it's not
always obvious. Just because an agent's business is
stagnant or shrinking doesn't necessarily mean that
they're happy about it. However, there is an approach
which works beautifully on many levels. The managers
who have implemented this approach report an incredible
response from their agents. This approach that I'm
about to share with you is not one to get agents to
produce more. Instead it's intended to reveal who
has ambition and who is complacent. In addition, it
leads to extremely productive discussions which in
turn lead to new, higher levels of performance for
both the agent and the manager. Here it is. Simply
ask your agents this (one-on-one and privately):
"Are you happy with where your business is?"
Please don't dismiss this question because it's so
simple. The impact of this question is dramatic and
the implications are far-reaching. You see, most agents
have never been asked that by their manager(s). To
many agents, it appears that their manager and their
company only care about production and aren't interested
in whether the agent is happy in their business and
their life. Additionally, some agents have never stopped
to reflect on the answer to that question. Asking
them about whether they're happy with where their
business is causes them to focus on the many positives
of this business and identifies areas which they want
to improve (as opposed to areas where you'd like them
to improve). And finally, many, many agents know what
they want but are frustrated by their inability to
achieve their goals. This is further compounded by
the frustration of having no one to talk to about
these challenges. My clients have reported incredible
experiences when asking this question. Agents have
poured their heart out to them and talked for over
half an hour. This question has caused some agents
to break down and cry. It inspires agents to dream
again and imagine what is possible. It has nothing
to do with goal-setting or quotas. It has to do with
dreams and with self-motivation. It enables a re-connection
between agent and manager. And best of all, when the
ensuing conversation is handling properly, it sets
up a dynamic which leads to higher productivity, lower
stress and ultimately greater production for your
team. Not necessarily from each agent, but from your
team overall.
Understand that not every agent will be dissatisfied
with their present business. There definitely will
be agents who are happy with their business. They
are happy with their income and have the free time
they want. Be grateful for these agents, because they
have reached their goals, they provide a nice steady
stream of income to you, and they demand relatively
little of your time. Unless they are a drag on your
team, your job is to congratulate them on being at
that level of success, offer to do whatever you can
to help them stay where they are, and then LEAVE THEM
ALONE. As for agents who are unhappy but argue for
all their perceived limitations, I always like to
state the obvious. To those people I simply state,
"You can't be happy here...", which of course,
leads to another kind of discussion.
Which brings us to the agents who are not happy with
where their business is and want to grow. This is
where your real opportunity lies. This is where you
can make a real difference not only to your overall
production, but in the lives of these agents. This
is where you have the opportunity to shine as a leader
and help people realize their dreams. This is where
you have the opportunity to develop people beyond
their present state. There is an art to coaching agents.
It's not about offering solutions. It's not about
setting goals. It's about developing others and drawing
the best out of them. But that's a discussion for
another time...
Written by Michael Beck,
"The Insurance & Advisor Coach".
Michael, an Executive Coach and Recruiting Activist,
helps insurance and financial professionals succeed
faster and easier. He can be reached at 866-385-8751
, mbeck@theinsurancecoach.com
or mbeck@theadvisorcoach.com
Visit www.TheInsuranceCoach.com
, www.TheAdvisorCoach.com
, www.InsuranceAgentRecruiting.com
or www.ClientProspecting.com to learn
more.
Permission to reprint with full attribution. ©
2006 Exceptional Leadership, Inc.
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