Podcast Center
Video Center
Webcasts
Resource Center
Events
January 01, 2009 at 07:00 PM
Every business, to remain in business, must be structured to generate profits. The American Dream is built around one theme: “Nothing happens until somebody sells something.”
My job, as a professional sales person, is to initiate recognition of “need” in the minds of prospective clients. The task then escalates into transferring enthusiasm from my heart into the hearts of clients, my friends. Success is measured in transferring our “better solutions” into our client’s portfolio for retirement.
In the current stock market dilemma, my “soon-to-be” client has often been victimized via downward pressures emanating from negative market conditions. Simply put, they have lost ground in the mud fight of the economy.
One of my new clients sent a liquidation request to his well-known brokerage house. He requested an immediate transfer of the remainder of his account into an equity linked indexed annuity we had recommended. He determined to learn more about an A+ rated carrier and the assurances available from that EIA alternative.
In his letter, he stated, “Our reasoning is that we paid (company name) over $16,000 to manage our funds in the last two years and as a result we have experienced nearly $188,377 loss that does not make good business sense.” My 80-year-old client then added, “considering my age, I do not have enough time to recuperate my loss and I may be at risk to lose more.”
