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November 03, 2011 at 02:34 PM
One of the very first things asked of new advisors, brokers and agents is to compile, organize and ultimately sell to their “natural market.” In case the term isn’t used in your firm, your natural market is a list of family and friends (and countrymen) that you can sell insurance products to. Some firms may call your natural market your Project 100 (or 200) depending on how many names you have on your list. Catchy, isn’t it?
I’ve discussed some of the best ways to work with your natural market in the past. But how much attention do you give to your un-natural market? (You’re probably not familiar with this phrase, as I just made it up.) Your un-natural market is a list of those that you pay money because you’re their customer, client, patient, member, or whatever. Your un-natural market is typically made up of business people, so they’re more apt to think like, well, business people. But how often do you talk about your business with them? Answer – probably not enough.
What professions might make up your un-natural market list? Your primary care physician, a medical specialist you might be working with, physical therapist, chiropractor, dentist, property and casualty insurance agent, realtor, mortgage banker, banker, title closer, home inspector, architect, interior designer, landscaper, contractor, electrician, handyman, plumber, real estate attorney, estate planning attorney, other attorneys and, of course, your accountant. I’m sure there are more, but you get the idea.
All of these people can help better you business. So, here’s what to do. Compile a list of your un-natural market. Remember, your dealings with your UM is typically focused in other areas, so the key is for you to make a specific request that’s out of the norm. Give them a call (or send an email if that’s easier) and say the following.
