Unique
Marketing Challenges
Dear
Associate,
"Can
you help me with my marketing?" Charles asked.
"Maybe.
Maybe not," I replied.
Being
a licensed financial adviser, Charles is under the close scrutiny
of the financial institution he represents. And from the Securities
and Exchange Commission. He cannot make any claims, statements
or even produce marketing materials without prior authorization.
And
this includes making presentations (if he decides to do so).
He must send in a transcript of his message for approval before
he can give it. His hands are tied in terms of creativity.
Which poses quite a challenge when prospecting for new clients.
That
is why so many of the business cards, brochures and marketing
pamphlets you get from financial agents are bland and boring.
They basically state their name, the company they represent,
what they have to offer, a company logo, and their contact
information. It's really just a listing. There's not much
that engages your mind or heart.
In
my opinion that's an enormous waste of money. If you look
at this from an environmental angle, there is so much paper
waste from producing sterile marketing materials, somebody
should be brought up on charges of being anti-green.
But
okay, back to the story...
"I'm
thinking about updating my brochure," he continued. "It
looks dated."
He's
right. About ten years old. It's one of those template brochures
where you add your name, picture and contact information.
It doesn't do him any justice. It detracts from his business.
"I
recommend seeing a graphic designer," I added. "I
can't really help you unless I know for certain what you're
allowed and not allowed to say."
For
now I suggested he collect testimonials from happy clients
to include in his presentation binder. That's an incredible
credibility booster. Now we have something to work with. (Unless
his company frowns on that also.)
You
can have fun with testimonials. You can add photos, make it
in letter format, play with different fonts and sizes, print
on a letterhead, or use actual handwriting. The secret is
to be creative and avoiding a cookie-cutter look.
Another
winner is to produce a nice pamphlet that doubles as his business
card. He can include all the reasons to look into investing
in the products he represents. He could show their past performance
and predict their future outcome. This is an additional credibility
booster.
I
also suggested he begin making presentations to groups. This
is a sure-fire way to establish himself as an authority in
his field. When he gives informative talks, people will automatically
have a higher opinion of him.
He
already knows enough about avoiding risky investments, preserving
assets, growing a retirement nest egg, diversification and
has access to a host of financial products. In fact all he
has to do is take his one-on-one client presentation, add
some facts and figures from today's headlines, and mix it
together in an entertaining message and he will have more
new customers than he can handle.
(Now
Charles has a few ideas to work with.)
If
you are facing unique marketing challengesthink of what
you are allowed to do. Then create a message, a headline,
or a USP that is so compelling people have to take notice.
And then come up with an information product that can position
you as the authority in your field and the first one prospects
will call when they're ready to make a purchase.
Warm
regards,
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