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The First Secret To…Closing ‘9 Out Of 10’ Sales

 
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Lew Nason

No matter what you are selling, if you want to close more sales, there is a little secret that most insurance agents, financial advisors and financial planners are missing. Whether you are selling LTC Insurance, Life Insurance, Health Insurance, Cancer Insurance, Annuities, Mutual Funds or your Financial Planning Services there is a little mistake that is keeping you from taking your career to the top of the industry. It’s the first key to closing ‘9 Out Of 10’ sales appointments! It’s the key to closing much larger sales! It’s the key to people seeing you as an advisor, rather than just being seen as a sales person! It’s the key to you getting a consistent flow of referrals!

Have I got your attention?

So, what’s this little secret?

‘Help Your Prospects To Identify and Discuss Their Problems!’

Most agents, advisors and planners believe they understand their prospect’s problems and that they have the solution. And, they probably do! However, what they don’t realize is that most of their prospects don’t fully understand the depth of the problems they face, and all of the consequences of not solving those problems, today. And, until your prospect fully understands their problems and the consequences, solving the problem receives a low priority.

If you want to close more sales, then you must get your prospects to talk about the problems they face. You must get them to tell themselves what will happen! You must get them emotionally involved! If you tell them they have a problem, then you are just a sales person, and they may or may not believe you. However, if you get them to tell themselves they have a problem, will they believe it? Yes! And, now they’ll see you as an advisor helping them to get what they need and want!

Remember, people buy based on emotions and justify their decisions based on logic!

Example: Would you agree that most people know they need life insurance? But, is it a priority? Do they want it today? No! Why? Because they believe they have plenty of time to get it. They don’t have the money right now. They believe they have more pressing needs and wants.

Most agents, advisors and planners have a tendency to tell their prospects why they need life insurance, instead of discussing the consequences of not having life insurance. Does anyone like to be told they should, or must do something? Do you like to be told you must do this or do that?

Instead of you telling your prospects why they need life insurance, you must ask them questions to help them to convince themselves why they need life insurance today. Ask questions like… “If your family lost your income, what would happen?” “Could they keep their home?” “How would it change their life style?” “Is that what you want to happen?” “Who would pay for your children to go to college if you weren’t there?” “How do you feel about that?”

Or, if they do have some life insurance, ask questions like… “If you weren’t here tomorrow, how long would that money last?” “Then what would they do?” “Is that what you want to happen?”

Another Example: Would you agree that most people know they need to save for the future? But, is it a priority? No! Why? Because they believe they have plenty of time to save. They don’t have the money right now. They believe they have more pressing needs and wants.

If you want to help people to save more, then ask questions like… “Are you planning on helping your children to pay for college?” “How much will it cost?” “How much have you saved so far?” “How do you feel about that?”

Or, “When would you like to retire?” “What would you like to do when you retire?” “Where would you like to go?” “How much income will you need when you retire?” “How long will you be retired?’ “How much money will you need to generate that income?” “How much have you saved so far?” “How do you feel about that?”

Is there any question that the more you get people to talk about their problems, concerns, needs and wants, the more emotionally involved they will become? And, the more of a priority solving those problems, concerns, needs and wants will become?

Do you want to start closing ‘9 Out Of 10’ sales appointments! Do you want to close much larger sales! Do you want people to see you as an advisor, rather than just as a sales person? Do you want to get a consistent flow of referrals? Then starting today… Help Your Prospects to Identify and Discuss Their Problems!

Yours in success,
Lew Nason
‘The Nine Out Of Ten Guy’

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Article Tags: insurance [See Dictionary], life [See Dictionary], sales [See Dictionary]
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Article published on March 20, 2009 at Isnare.com
 
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