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65 contributions to Client Acquisition Academy
Here is a hack you never knew..
Plus another hack at the end, that guarantees to keep you motivated You do not rise to the level of your goals โ†ณ You fall to the level of your systems Motivation comes and goes, systems remain constant One simple strategy that will make all the difference: Time block prospecting in your calendar and โ†ณ make that time sacred Once you do enough reps, you will know EXACTLY what you need, to get your desired result EXAMPLE: 1 new client requires = 3 closing meetings 3 actual meetings requires = 5 booked meetings 5 booked meetings requires = 15 in depth conversations 15 in depth conversations requires = 100 dials Result1 new client requires 100 dials Here is a hack to keep you motivated and excited along the way Whatโ€™s your pay per dial? Average client = $2,000 in revenue $2,000 / 100 dials = $20 per dial Average client = $5,000 in revenue $5,000 / 100 dials = $50 per dial You need the 99 "no's" to get the 1 "yes" You are getting paid per dial regardless of the outcome of the call
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New comment 1d ago
Here is a hack you never knew..
1 like โ€ข 8d
I think this is an excellent reality check for everyone to absorb. Husbands and wives lie, numbers don't.( accurate data of course) In other words, every time you pick up the phone it results in making $20 or $50dollars in the long run. Let that sink in.
0 likes โ€ข 1d
@Ermos Erotocritou I couldn't have said that better myself. NAILED IT!
Linked In profile makeover
Hi All, Just a reminder to check the calendar. Weโ€™re going to be doing a LI profile assessment and makeover on Thursday at 11:30 ET. You will pick up a few tips and tricks to get better visibility and attention for your own profile. Unless you think youโ€™ve perfected your presence, Iโ€™d recommend popping in. Cheers, Andy
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New comment 1d ago
0 likes โ€ข 1d
I think Ermos has booked a separate meeting for us tomorrow. We have a member who has requested a LI profile review on that 11:30 session.
Mysteries of women revealed
How this mistake costs advisors so many lost deals You had an absolutely AMAZING meeting with your ideal prospects Then you find out they aren't moving ahead with you So, what happened? Men want to look smart in meetings Women want to feel understood(I'm generalizing based on my own experiences) Men tend to engage and ask more questions โ†ณ They talk to make themselves look smart (or dumb) Naturally, the advisor pays more attention to the man By the end of the meeting, the advisor is convinced they hit it off great - great conversation (with the husband) - answered all questions (from the husband) - showed off his CFP logo ๐Ÿ™„ (don't even pretend you've never done this) But this is the conversation in the car Husband: "James is great, he seems very knowledgeable, we should work with him" Wife: "I don't know. It just didn't feel right" Husband: "But James is a CFP with 20 years experience" Wife: "I'm sure he's very smart, but something was off" Husband: "Should we keep looking?" Wife: "Yes, there are lots of advisors to choose from" If the advisor simply turned to the wife on occasion and asked โ†ณ "what do you think?", they would have become great clients. The spouse that talks the least often has veto power over the final decision
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New comment 8d ago
Mysteries of women revealed
1 like โ€ข 8d
Someone in one of our groups dropped this on us yesterday. โ€œThe man is the head, but the woman is the neck, and she can turn the head anyway she wants.โ€ Boom! I can't believe I'd never heard that before.
9 Mistakes advisors make while prospecting
1. Imposter Syndrome. The core of most prospecting success comes from believing that you have something valuable to offer clients. 2. Using the same message multiple times. Mix it up even by communication methods - calls - emails - video - LinkedIn - - 3. Prospecting inconsistently. - Prospecting should be done on a regular basis for several reasons. First, it allows you to build momentum. Second, it makes sure you avoid the feast-or-famine cycle which wreaks havoc. Third, it allows you to systematically test your approaches to see if one works better than the other. - - 4. โ€œSellingโ€ too early in the process. - This is good news because it means you don't have to be pushy to be a good prospector. - - 5. Not doing enough research. - A little bit of research is essential because it allows you to personalise your outreach. - - 6. Focusing on โ€œclosingโ€. - I tell advisors to focus on converting instead of closing. - Why? Because when you convert a prospects into a client it's the BEGINNING, not the close of the relationship - - 7. Underestimating how many leads it will take to get a prospect. - Track your ratios. Calls to booked meetings to completed meetings to conversion - Once you figure that out, you will know how many calls it's going to take to land your next client - - 8. Failing to create a prospecting system. - Prospecting can and should be systematized. You should know exactly what you have to do to achieve your desired results. - - 9. Trying to figure everything out yourself. - Use a coach, talk to peers, become active in this Skool community Here is the link to my LinkedIn post that provides a hack to stay motivated https://www.linkedin.com/posts/ermos_here-is-a-hack-you-never-knew-plus-another-activity-7238167165550350336-O2n0?utm_source=share&utm_medium=member_desktop
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New comment 8d ago
9 Mistakes advisors make while prospecting
1 like โ€ข 8d
OMG! I've been guilty of all of these at one time or another. It's why the thing I have valued the most is being part of a community that helps me stay accountable. We all need a reminders from time-to-time and sometimes even a stiff kick in the b**t!
Don't Duel, Dance instead
Does this sound like you? Then take your boxing gloves off and put your dancing shoes on Prospecting shouldn't feel like a battle ๐ŸฅŠ Getting the upper hand on someone will make you feel better in the moment, but it's not helping you convert prospects into clients Prospecting should feel like a dance ๐Ÿ•บ Prospects expect you to push back on their objections So when you agree with them, it get's their attention (pattern interrupt) Pattern interrupt breaks people out of unconscious responses they've developed throughout a lifetime of dealing with salespeople Watch the video for more ๐Ÿ‘‡
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New comment 8d ago
Don't Duel, Dance instead
1 like โ€ข 8d
I know, sometimes you might feel that you have two left feet. Regardless, it's still dancing. If you keep practicing you will get better and better. I promise. A high school coach of mine used to say to the team. "Practice make permanent."
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Andy Cosby
4
39points to level up
@andy-cosby-3351
Advisor and sales coach

Active 16h ago
Joined Feb 27, 2024
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