I have heard that business development is a matter of volume. It is a numbers game. Is this the way you suggest marketing?

Article ID: 185
Last updated: 20 Nov, 2019

There is a certain truth that business development is a numbers game, but that doesn’t mean talking to anybody with a pulse and hoping to stumble across an Ideal Client. You most definitely want to keep track of your activity and results. Our most committed advisors do this through a very robust spreadsheet in our Committed Advisor Study Group program. This group of advisors averages one Ideal Client for slightly less than every 5 referrals received. This is a very cost-effective and productive way to build your business.


Others in this category
b I am a CPA and I am beginning to use the Financial Road Map® to bring more of our tax clients on as financial planning Why am I so hesitant to make calls to my existing clients? I know most of my tax clients have Financial Advisors and I am always worried that they think I am just trying to sell them something. What's wrong with me?
b Networking groups seem to put me in contact with a wide variety of small and individual business owners who are looking to build their practices through product sales.. Are there strategies to utilizing this type of networking that will be efficient use of my marketing time?
b If a prospective client doesn’t want to pay the entire fee for a written financial strategy, should I consider offering a lower level of service, such as quarterly coaching calls? Or is it a better strategy to offer either the Financial Plan or nothing?
b I am confused at the annual amount to charge an existing client after a plan is put together. Going forward with new prospects, maybe it would be easier. I happen to know that my clients don’t need all subject matter experts and that is what I need to base my annual fee on going forward. Please help with that.
b What would be the ideal software suite for the financial planning Subject Matter Expert to use, or as a tool to tie it all together as the Trusted Advisor? We're looking at either MoneyGuidePro or eMoney Advisor 360 Pro.
» More articles