More Profit & More Time  |  1st October 2005

Welcome to "More Profit & More Time"

In this issue:

5 Steps To Quadruple Your Referral Introductions, Testimonials & Sales Without Making One Cold Call

Welcome To New Readers From The Following Great Companies: – Your Passwords Are Here

  • Century 21 - In Town Realty

  • Freedom 55 Financial – Gateway

  • Freedom 55 Financial – Surrey

  • Re/Max Crest Westside

Are You Committed To Growing Your Business in 2006? Special Program Announcement To Follow In Two Weeks!

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"28 Steps To Your Best Quarter Ever" – Part 3

Cheers to you meeting and exceeding your goals for Your Best Quarter Ever and beyond.

I would love to hear your feedback, let me know what you think.
 

Simon Reilly
sreilly@leadingadvisor.com


  5 Steps To Quadruple Your Referral Introductions,
       Testimonials & Sales Without Making One Cold Call

When I ask my top clients if they ask for referrals the answer is often “no” for one of two reasons: 

  • One reason is that they don’t have to ask for referrals because they educate their clients that giving and receiving referrals is part of the process of doing business with them
  • One reason is they don’t ask for referrals and they don’t know why they don’t ask

Answer:  They are too busy selling, trying to get to the next sale to form outstanding client relationships to quadruple referral introductions, testimonials and sales.

Step 1 – Outstanding Client Relationships

Outstanding Client Relationship means;  You enjoy doing business with the client and the client enjoys doing business with you.

In order to quadruple your referral introductions, testimonials and sales without making one cold call you must make a list of clients that you “have or had” an outstanding client relationship with.  “Have” means that you currently have an outstanding client relationship with and “Had” means that you have just lost touch with the outstanding client relationship – for whatever reason.

Make a list of all of your “A” clients and rate each one based upon the following criteria:

  • You enjoy doing business with the client and the client enjoys doing business with you
  • You provide excellent customer service to the client
  • You look forward to meeting with and doing business with the client
  • The client trusts you and you are looking after all or a substantial amount of the client’s business
  • The client has a significant business and/or family network
  • The client fits within two to three marketing niches that you have chosen to work with

Note that the above list does not include how profitable the client is or the client’s net worth.

The reason that profit and net worth are not included is that these are not going to matter in relationship to Referral Introductions, Testimonials and Sales if you don’t have an outstanding relationship with the client.

If you are having difficulty making a list of clients that you have an outstanding relationship with, you are likely behaving too much like a salesperson and not behaving like an advisor.  The salesperson’s behavior is too impatient to develop deep customer relationships and the sales person is too busy selling to develop deep customer relationships.

Outstanding relationships take time to develop. 

The first step towards this is you must have an outstanding relationship with yourself.  This means that you know your values, you have identified and met your unmet needs and you have a vision, purpose and mission.

The second step is you must take the time to relate to your clients when you are communicating with them. 

To help you to discover what may be preventing you from building outstanding relationships, please see the following points from “Being” An Advisor:  

#5
The Advisor –
             
Leads with a profit generating product.
The Sales Person –
    
Sells too many products.

#6
The Advisor –
             
Loves to talk with their clients about what their     client
                                   wants to talk about. The client wants to know what you
                                   are going to do for them not so much about the product.

The Sales Person –
   
Loves to talk about their favorite subject, themselves and
                                   their “flavor of the month” product.

#7
The Advisor –             
Seeks to serve.
The Sales Person –    
Uses sales techniques.

#8
The Advisor –             
Takes a genuine interest.
The Sales Person –    
Builds rapport.

#9
The Advisor –             
Is elegant and professional.
The Sales Person –    
Tries to sell during the appointment.

#10
The Advisor –             
Emphasizes deep client communication because of
                                    their emotional intelligence.

The Sales Person –    
Insensitive and avoids deep client communication
                                    because they are under pressure.

#11
The Advisor –             
Makes clients feel at ease and develops trust because
                                   the clients feel the advisor is at peace with who they are,
                                   that the advisor has adequate funds to be in business.
                                  
and the advisor has ample time to be with the client.

The Sales Person –
    
Makes clients feel nervous because they sense a lack of
                                   energy, money and time.

#12
The Advisor –             
Looks after people who have money.
The Sales Person –    
Tries to look after people’s money.

#13
The Advisor –             
Believes every client transaction must be profitable.
The Sales Person –    
Does a lot of favors.

#14
The Advisor –             
Feels fulfilled from the inside through the work that they
                                   do for clients.

The Sales Person –    
Does not feel acknowledged by the work that they do for
                                   clients.

#15
The Advisor –             
Educates clients that providing referrals is a part of their
                                    business process.

The Sales Person –
    
Is afraid to ask for referrals because of fear of rejection
                                   or they are afraid they will be questioned – “how can I
                                   give you a referral when you are not doing a good
                                   enough job”?

For the complete article on, "Being" An Advisor, CLICK HERE
 

Step 2 – Identify If You Are Complete With Your “A” Clients That You Have or Had An Outstanding Relationship With

Beside each name on your list of “A” clients that you have an outstanding relationship with write down either, “Complete or Incomplete”.

Complete means:

You can instantly pickup up the phone to communicate with your outstanding client relationship no matter how much time has passed by.  If this is the case read on to Step 5.

Incomplete means:

Just that.  There is something that you are incomplete about that is preventing you from instantly picking up the phone to communicate with your outstanding client relationship no matter how much time has passed by.

To gain a deeper understanding of “incomplete” let’s take a look at its meaning; 

  • Not complete or total; not completed; "an incomplete account of his life"; "political consequences of incomplete military success"; "an incomplete forward pass"
  • Not yet finished; "his thesis is still incomplete"; "an uncompleted play"
  • The grade assigned only if a student is temporarily unable to complete course requirements because of unusual circumstances.
  • A grade in a course for work that has not been completed.
     

Step 3 – By Understanding Incompletions & Related Emotions, You Will Start To Clear The Path To Quadruple Your Referral Introductions, Testimonials & Sales

As you look at the above definitions of incomplete, and consider your past incompletions….

Do these bring up any emotions in you?

How about the emotions of:

  • Anger
  • Fear
  • Guilt
  • Shame

So as you look at the above definitions of incomplete, and consider your past incompletions with your clients…

Do these bring up any beliefs and emotions in you?

  • Anger at yourself for not staying in touch?
  • Fear that the client will be angry with you and just simply reject you?
  • Guilt that you could have done a better job?
  • Shame for not following through?

Let’s go back to;  “instantly pickup up the phone to communicate with your outstanding client relationship no matter how much time has passed by”.

What is stopping you?

Two things. 

Anger, fear, guilt and shame are one.

The second is you likely don’t know what to say, which I’ll cover in one of the forthcoming steps.
 

Step 4 – Get Rid Of The Anger, Fear, Guilt and Shame

Getting rid of or clearing emotions is a very simple process.  It is not a silver bullet either.  It must be done a number of times to really take affect and it is well worth it.

All it takes is a little time and the awareness that you are in charge of your emotions and that they are not in charge of you.

There is a saying;  “Forgiveness clears limiting beliefs and emotions”.

All you have to do is repeat the following forgiveness process;

  • Forgive me for feeling angry at myself for not staying in touch.
  • Forgive me for feeling afraid that my client will be angry with me and just simply reject me.
  • Forgive me for feeling guilty that I could have done a better job.
  • Forgive me for feeling ashamed for not following through.

There is a saying;  “Forgiveness reminds you of positive beliefs”.

Your next step is to repeat the following;

  • Forgive me for forgetting that my clients will be very happy to hear from me
  • Forgive me for forgetting that my clients receive / received outstanding value though working with me and my company
  • Forgive me for forgetting that my clients will be happy to help their friends, associates and me to grow my business

To multiply the affect of this process by ten fold, I suggest writing the entire process out.
 

Step 5 – Make The Calls – Here Is The Script For Referral Introductions, Testimonials & Sales!

  1. How are you?  How is (business, car, family, health, hobbies, home or travel)?
     
  2. Is there anything that I can do to improve my service to you?

If advised that service is required, record information, thank client that it will be done and that you will follow up in 1 week and confirm that progress is being made.

  1. I am looking for ways to improve my service to best serve my clients …
     
  1. To find ways to design my business around people like you, I would really like your help and input.
     
  1. What do you like best about the work that we do together?

Be ready!  Write down the answers the question. 

  1. What could I do to improve the way I work with you?

Be ready!  Write down the answers the question. 

  1. Is there one thing that I do for you that you didn’t expect?

 Be ready!  Write down the answers the question.

  1. ______________, thank you very much for kind words.  I would like to send you a copy of you comments you’re your edit and approval … I’ll get them out to you and follow up in a few days.
     
  1. Who do you know that would appreciate the same kind of service that you could introduce me to?


 
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Are You Committed To Growing Your Business in 2006?
      Special Program Announcement To Follow In Two Weeks!

I’m finalizing my client list for 2006 and I am going to be offering a Special Program to a limited amount of clients in two weeks time.

I’m looking for a few advisors that are committed to growing their business to the next level in 2006.

If you have already made a decision that you are going to work with an outside professional to help you to make the sustainable behavioral changes that you need to make to go to the next level in 2006 now is the time.

You are neither “kind of interested nor thinking of giving it a shot”.

You are ready and committed to go forward.’

You are a success, you have taken some of the best programs, read some of the best books, you know what your goals are, you have a plan, you are reasonably organized, you have a time management system and you make your plans in advance of the week and you probably know what to do and you are still not doing what it takes to get to the next level.

Something is still missing.

You want to get to the bottom of what is stopping you.

You are looking for a system that you can model to;

  • Work within a framework for the following to occur
  • Create a vision and a plan for the business and the self that you want to become
  • Improve your business by 2 – 4 fold
  • See and fix the blind spots
  • Provide direction, measures and structure
  • Assist in execution
  • Confirm you are on the right rack
  • Hold you accountable
  • Create consequences
  • Make your responsible
  • Challenge yourself
  • Effect the fundamental core issues of why you do what you do
  • Overcome what ever it is that blocking your path to success
  • Help you maintain the behavioral change that it will take you to insure the success that you want to achieve

As I mentioned, I am going to be offering a Special Program to a limited amount of clients in two weeks time.

If you are prepared to challenge yourself to creating significant results in 2006 and you want to take action now, please fill in the following response form.  Laura will call you to schedule a call with me to discuss the implementation of plan that will take you to the next level.
 

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  28 Steps To Your Best Quarter Ever – Part 3

In the last two issues, you received the following "11 Steps To Your Best Quarter Ever", and to access them you can go to the following links:

  1. Theme & Intention

  2. Vision

  3. Values

  4. Goals

  5. Projects & Actions

  6. Measures

  7. Time Blocking

  8. Are You Really Interested?

Steps 1 - 8:
http://www.leadingadvisor.com/newsletter/sept01-05mpnewsletter.html

This issue includes the next 3 Steps;

  1. Who Is YOU?

  2. Is Your Personal Technology Out Of Date?

  3. Are YOU Awake?

Steps 9 - 11:
http://www.leadingadvisor.com/newsletter/sept15-05mpnewsletter.html
 

This issue includes the next 3 steps:

  1. What Are You Doing To Put Yourself To Sleep?
  2. Are You Asleep In A Triangle of Needs, Limiting Beliefs and Limiting Emotions?
  3. Are You Present?
     

1.      What Are You Doing To Put Yourself To Sleep?

In primal times, the ego had a huge role to play in your survival when under the attack of a marauding tribe, a viscous animal or when on the hunt for survival. 

Again, it served a purpose and it was there to insure you and it’s existence.

And keep in mind, that the “unhealthy” ego mind is primal and self absorbed by it’s needs.

And we all have needs and they are essential to be met and complete from the inside out to enable you to have a fulfilled life based upon your vision, values and goals.

Vision, values and goals are like turtles, they only truly appear when the space is available.  That space will be dominated and eliminated if the unmet needs of your “unhealthy” ego are not met.  Over time, the true self is endangered into becoming the “unhealthy” ego mind.  The true self  is continually being hypnotized by the hallucination that the “unhealthy” ego mind is still under the attack of a marauding tribe, a viscous animal or on the hunt for survival.

Many of people in their formative years got their needs met in their family of origin and even more did not.  For the many that did not get their needs met, it was virtually impossible because it is impossible for a parent to provide a child with something that they never had in their family of origin, and the epidemic of unmet needs gets passed on from one generation to the next.

Someone came up with a quote,  “There is a door number one marked, “Freedom” and door number two marked, “Security”.  If you choose door number two, you will lose then both”.

Let me take it a step further.

Door number one is marked - Fulfillment.

Door number two is marked - Approval, Control, Perfection, Power, Recognition, Safety & Worthiness

By the way, the definition of Fulfillment is;

fulfillment - a deep, soul-orientated feeling that one experiences when they are expressing their values, as in being themselves.

If you choose door number two you lose them all.

If you choose door number two then you will be asleep and hypnotized in the “unhealthy” ego mind’s pursuit for; 

  • Evidence that it has Approval, Control, Perfection, Power, Recognition, Safety & Worthiness
  • Justification for its own existence

Unless you know that you are asleep then you cannot wake up.

Your “unhealthy” ego has a new obsessive survival based thought every 7 seconds.

Are you awake?

How much of your energy is consumed with gaining outside evidence of: Approval, Control, Perfection, Power, Recognition, Safety & Worthiness?

In what ways is your “unhealthy” ego mind like a marauding tribe, a viscous animal or on the hunt for survival?  What are the ways that this is having an effect on your business and personal life? 

Note.  The unmet needs of Approval, Control, Perfection, Power, Recognition, Safety & Worthiness cannot be met outside of the self by a person, place, position or a possession.

David Duchovny from the “X- Files” was wrong.  The answer is not out there, and it is not inside of your “unhealthy” ego mind.
 

2.      Are You Asleep In A Triangle of Needs, Limiting Beliefs and Limiting Emotions?

Image a triangle with needs at one point, limiting beliefs at another point and limiting emotions at the third point.

When you realize that your needs must be met from within you and you start to act on this then the entire triangle collapses.

This is why traditional personal development does not work.  Advice is given to change your limiting beliefs to a positive.  What is the point when the fuel for the limiting beliefs are the unresolved unmet needs and limiting emotions?  The only beliefs that are getting met is “the personal development salesperson is getting richer” and their need “for your money is getting satisfied”.  If that sounds like a jab it was.  If you were shown a system to get your needs identified and met and you were shown how to clear your limiting beliefs and emotions then you would not have to keep going back to their program.

When needs get met, limiting beliefs will go away, limiting emotions will go away and history will stop repeating itself.

Here is an example of how needs are the support for limiting beliefs and limiting emotions.  If you need approval then you likely believe;  Nothing you seem to do seems to be good enough for the approval of others.  And this makes you feel; angry, ashamed, hopeless, sad and worthless.

When will history stop repeating itself?

John Kehoe said it best; “Thoughts Are Real Forces”.

What ever you believe you make real.

Your “unhealthy” ego mind continues to attract people that appear to be takers rather than givers. 

Remember Gollum from The Lord Of The Rings?

The question is …

Is it YOU that believes your beliefs or your “unhealthy” ego mind?

What are the unmet needs, limiting beliefs and limiting emotions of your “unhealthy” ego mind  that are holding you back?

Is Approval holding you back from calling your best clients and asking them; 

  • How can I improve my service?
  • Who else do you know that would appreciate the same kind of service that I have provided you with?

Is your “unhealthy” ego mind afraid of what your clients might say?

What is your “unhealthy” ego mind feeling guilty about?

What is preventing your “unhealthy” ego mind from allowing you to call your clients?

3.      Are You Present?

Go ahead, pick up the phone and call your best clients right now and ask them the questions.

  • How can I improve my service?
  • Who else do you know that would appreciate the same kind of service that I have provided you with?

Are you present or does your “unhealthy” ego mind have you thinking about the “Me”?

What is in it for “Me”?  What will they think of “Me”?  Will my clients approve of “Me”?  Will my clients tell “Me” that I am doing a bad job? 

And let’s not forget the “unhealthy” ego mind’s need for Safety.

Will my client’s displeasure in “Me” make “Me” feel unsafe?

And so on …

When you are present, you are present.  When the “unhealthy” ego mind is thing about “Me” you are present no more.


Copyright © 2005 all rights reserved.

Simon Reilly is a Business Coach serving Advisors & Business Owners in their desire to create more profit and more time.  His coaching programs are delivered by means of quarterly workshops, teleconference calls, email and telephone.

You are welcome to pass “More Profit & More Time” along to your colleagues, as long as it is intact. The author of More Profit & More Time is:  Simon Reilly.  Contact him at sreilly@leadingadvisor.com or at Leading Advisor, Suite 300 – 1055 West Hastings Street, Vancouver, British Columbia, Canada  V6E 2E9.  

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