The
Purple Outfit Syndrome
Dear
Associate,
People
are funny. They're unpredictable. They make irrational decisions.
They act on impulsive choices. You never know for sure what
motivates them to do what they do.
Case
in point: Charles, my financial advisor is working on closing
a big account. They're a well-to-do married couple socking
away money for an active retirement. He's positive he's in
competition against two other local advisors. He has given
his presentation and is now awaiting their decision.
We
met recently and he asked, "Should I contact them one
more time?"
"Probably
not," I answered. "They've already made up their
mind about you the moment you met. It's etched inside their
cerebral cortex. Now it's a waiting game as they decide about
the other two."
I
continued, "From the married couple, who appears to be
the lead decision maker?"
He
said, "The wife."
"Oh,"
I replied. "This might get a little trickier."
"Why's
that?" he questioned.
"There's
more in play here. It goes beyond a simple yes or no. There
are layers and layers of stuff she filters through,"
I explained. "By the way, do they like you?"
"Yes,
they like me because they know I stay on top of emerging markets
and global trends," he responded.
"Yeah,
but let's say the next advisor they meet with is young and
only half as knowledgeable with a third of your experience,"
I suggested. "She goes to make her pitch to the couple
in a purple outfit. And the wife's favorite color happens
to be purple. My friendyou have either lost the account,
or face an uphill battle."
"Oh,
no," he gasped.
Oh,
no is right. If you're trying to win more clients, then it's
critical that you arm yourself against the Purple Outfit Syndrome.
It's one of the biggest deal-killers around. You've got to
have a few key strategies in place to oppose this chronic
condition.
Three
critical keys to counter the Purple Outfit Syndrome:
1)
Credibility. Like reading a review from Amazon, are clients
happy with you? If so you should have, or should be collecting
lots of testimonials and client comments. If you are a guru,
have a successful track record, or have been publishedlet
people know through your marketing. Don't hold back.
2)
Creativity. Are you repeating, copying or duplicating
your industry jargon in your marketing? Or are you coming
up with some fresh material that's to the point and
compelling? Be aware: if your marketing copy is similar to
that of your competitors, then there's no reason for anyone
to contact you first. Because the prospect perceives you are
all from the same mold.
3)
Confidence. People sense this instantly when you meet.
The way you dress, look, speak, give handshakes, smile, your
composure, your facial expressions, and how you answer questions
all add up to the way people perceive you. Having more confidence
wins more clients every time.
Sometimes,
no matter what you do, the odds are stacked against you. That's
reality. Master these three keys and you'll have a chance
to stack the odds in your favor and reduce the likelihood
of being a target of the Purple Outfit Syndrome.
Warm
regards,
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