Financial Advisor Blog on Marketing, Lead Generation, Prospecting and Sales

In selling yourself and your financial services, it’s critical to realize that we live in a culture where prejudging is epidemic. Investors love to form opinions with almost none of the facts. Just listen to any economic prognosticator on television or your clients’ opinions about the stock market to see what I mean.

This prejudging virus forces you to alter your financial services marketing to make your best impression in the first 2 seconds of contact because you won,t get a second chance. The prospect will form a positive or negative judgment almost immediately. Let me give you some specific examples.

When sending direct mail, do all of your envelopes get opened? I doubt it because you allow the recipient to prejudge the contents without opening the envelope. You have a return name of your company on the envelope and you may also have a printed message on the outside of the envelope. You have a meter stamp and maybe a bar code or carrier route sort indicator. All of these scream “JUNK MAIL.” You will never get to communicate your message because the envelope gets tossed in the trash, unopened. You have allowed people to prejudge you and assume the contents of the envelope. Tip: mail items to strangers in a plain business envelope with a first class stamp, no messages, no bar codes, no return company name (use your own name) and with the recipient’s address laser printed on the envelope or through a window envelope. It’s impossible to prejudge the contents of a blank envelope and the recipient must open it. This will be financial services marketing that gets results.

The item in the envelope must have a super-compelling headline and it must be the first thing the recipient sees when they pull the information from the envelope. If the first item the recipient sees does not grab their interest in 2 seconds, you’re finished. TIP: include a big compelling headline and fold the page so that the headline is the first item seen when opening the envelope flap.

When sending information requested by a prospect or to a referral, include a picture and biography. (Have your picture at the bottom of every letter you send to the right of your signature). Remember that you are a stranger to the prospect. People are scared of strangers. By including your picture and biography, they get to know you. When you call, they feel like they know you because they know how you look form your picture. Tip: find the best commercial photographer in town as a good picture can open the door to win new clients.

Brian Tracy, well known motivational educator says, “the reason image is so important is because people are primarily visual and they form their first impression of you by the way you look on the outside. If they do not like what they see on the outside, they very seldom take the time to probe any deeper. In any field of sales and marketing where the impression you make on others is important to your success, it is absolutely essential that you look the part that is consistent with the financial product or service you wish to sell.” Clearly, Mr. Tracy understands financial services marketing.

As to your biography, DO NOT write a “me” biography. A “me” biography is where you talk about yourself “I graduated from Stanford…”, “I am a Certified Fund Specialist,” etc. Write it in the third person and before mentioning your position or credentials, have three to four sentences about what you can do for the prospect:

“John Doe has assisted over 2000 Ohio families increase their income up to 30% and reduce taxes up to 50%. In some cases, investors have used John’s advise to eliminate taxes on social security income and eliminate estate taxes. You may have seen his informative articles on ways to reduce stock market risks in the Akron Journal.”

Only after you have established why you are valuable, do you mention where you went to school and your credentials. Investors are interested in “what can you do for me?” before they want to hear anything about you. And when you do talk about yourself, keep all sales language out of the biography. That means you do not say “John is a registered rep with ABC securities” (unless your broker dealer requires it). Not only do 90% of investors not know what a registered rep is, the other 10% of the people know that you just want to sell something. Sure, everyone knows you’re in business to make a living, but never push any sales language in their face in a biography.

And obey some common courtesies so that people do not prejudge you negatively:

1. On your first telephone contact, do not interrupt prospects. It’s a problem that some of my hard-driving East Coast friends have.
2. Do not close to an appointment without identifying their motivation so that you can offer a potential benefit. When you try to close for a meeting and the prospect’s desires have not been isolated, you will appear pushy.
3. When mailing, do not take a 4-panel letter-sized brochure and stuff it into a business envelope. Use a 9 x 12 envelope so that the brochure can lay flat and the mailing looks professional.

Focus your financial services marketing on those first 2 seconds to gain your opportunity to present who you are and what you can do.