Marketing

If you want to sell, mine the data

Stop working harder at sales. Instead, turn on your computer. When the dots are properly connected, data can open a whole new world of selling for you – a smarter way. Once you get over the paper tiger of scary data, you'll discover a new method of locating and working prospects that you never dreamed of before. You'll make more money with this technique.

The right approach to networking

For the benefit professional who hates making cold calls or following up on direct mail, networking can be the next best alternative. But, like any marketing strategy – and yes, marketing is necessary – networking requires consistency of action over a period of time. Too many benefit professionals join a local Chamber of Commerce, go to one or two events and fail to generate even one appointment and then never return, believing that networking is a waste of time and energy.

Three paths leading to increased sales

This is a time of significant change for the employee benefits industry, but rather than respond with panic, consultant Alan Katz urges brokers and advisers to prepare for whatever lays ahead by learning from the habits of successful producers.

If you want to sell, paint a picture

In this month's installment in our sales training series – which follows February's and March's columns on buyer motivation ("If you want to sell, do this …" pgs. 56 and 68, respectively), we'll look at the art of painting mental pictures for your buyer – an art that can result in an AOR.

Embrace fee transparency!

Unless you've been living under a rock, you are already aware that at least one major carrier has announced that premiums for groups of 51 employees or more will no longer include commissions. The agent can specify the commission level desired and it will be billed by the carrier, but it will be a line item visible to the client.

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