Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

What’s your value proposition?

X
Your article was successfully shared with the contacts you provided.

What is the response you get when you tell someone your value proposition? What about when your client tells someone else what you do? So often when I hear an advisor describe what he does, it ends up being a recitation of facts and services—informative but not very exciting.

The whole point of having a value proposition is to make prospects excited about what you can do for them. The purpose of a value proposition is not to help them understand what you do but how they would be better off by doing it. You need something that will provoke their interest.

When someone asks what you do, do you say “I’m a financial advisor”? Or do you tell them how your clients’ worlds are changed because of the special skill or experience you provide? When your clients tell their friends about you, do they say “We really like our advisor”? Or do they say “We are so lucky to have found our advisor! We are amazed by what she’s done for us. You have to call her so she can do it for you, too.”

The truth is your clients refer you a lot more often than you realize. The reason those referrals sometimes don’t pan out is because your clients are underplaying the benefits of working with you. If you get raving clients, I bet a lot more referrals would be calling you for new business.

Sign up for The Lead and get a new tip in your inbox every day! More tips:

Stephen Wershing is the president of Client Driven Practice and author of Stop Asking for Referrals! For more information, go to theclientdrivenpractice.com.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.