As I transitioned from cutting the hair of ambitious professionals and the movers and shakers in San Francisco’s Financial District, I always asked about their business. Their advice helped me, and many stories gave me great content for my earlier presentations on Getting, Keeping and Deserving Your Customers.
Here is one example from long before we had LinkedIn, YouTube, and email. I am sure you agree; the PRINCIPLE is still sound.
John, a successful young financial planner, told me a compelling story demonstrating a powerful approach to building credibility and trust with high-value clients, especially when you are the new contender in a competitive field.
The Journey Begins
John told me, “When I was thirty-three, I transitioned from another industry into my father’s established financial planning firm. Although my father was well-respected, I started from scratch—no personal reputation and no clients.”
Innovative Strategy for Building Connections
As John faced the daunting task of establishing himself, he chose not to follow the well-trodden path of aggressively pursuing clients. Instead, he identified twenty influential and affluent community leaders—individuals bombarded with pitches from every San Francisco Bay Area financial advisor and beyond.
His approach was refreshingly straightforward and humble: “I’m new to this business. While you may know my father, you don’t know me yet. I’m not here to sell you anything, as I haven’t earned that right. However, could I ask for just ten minutes of your time? As a leader in this community, your insights on what it takes to earn the trust of esteemed clients like you would be invaluable.”
The Impact of Genuine Curiosity
This strategy removed the usual sales pressure, turning a typical pitch into a request for guidance. Remarkably, not a single leader declined his request. He respected their time, kept the meetings concise, and stuck to the agreed ten-minute limit unless invited to stay longer.
Results Speak Louder Than Words
By the end of John’s first year in the business, three of the twenty leaders had entrusted him with managing a portion of their investment portfolios. By the third year, seven had handed over significant wealth. His success was in gaining clients’ trust and respect.
Reflect on this: Who are the future clients you need to start engaging today to earn the right to serve them tomorrow?
If you need to upgrade your presentation, I would enjoy earning the right to be your speech coach.
“As a seasoned speaker coached by Patricia Fripp has helped me deliver my game-changing message with more power and eloquence. My client testimonials and feedback prove it.” Ron Karr, CSP, Past President, National Speakers Association
“Patricia Fripp is a genius speech coach. Even for seasoned professional speakers.” Tracy Hooper, President, The Confidence Project
“Your coaching, along with FrippVT, helped us land one of our biggest sales ever.” – Mike Stryczek, President & CEO, AB&R
“As a speech coach, Patricia Fripp is a miracle worker.” Larraine Segil, Chairman and CEO, Exceptional Women Awardees Foundation.
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