November 26, 2018 / by Don Connelly / Presentation Skills / 0 comments
I received an email from John in Texas with an interesting question. He said, “Every time I go into an appointment now, the first thing out of somebody’s mouth is, ‘I don’t want to lose any money.’
And I’ve been saying, ‘I don’t know anyone that ever does,’ as an ice breaker but I don’t feel comfortable. Can you give me a suggestion how to respond to that comment?”
Watch the video or read the transcript below to hear Don’s thoughts on how to respond to this question.
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How to Respond to the Comment ‘I Don’t Want to Lose Money’
November 26, 2018 / by Don Connelly / Presentation Skills / 0 comments
I received an email from John in Texas with an interesting question. He said, “Every time I go into an appointment now, the first thing out of somebody’s mouth is, ‘I don’t want to lose any money.’
And I’ve been saying, ‘I don’t know anyone that ever does,’ as an ice breaker but I don’t feel comfortable. Can you give me a suggestion how to respond to that comment?”
Watch the video or read the transcript below to hear Don’s thoughts on how to respond to this question.
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Use Your Clients as Your Sales Force
September 24, 2018 / by Don Connelly / Prospecting / 0 comments
A few years ago I got a question from Ryan who was wondering if I could give him some tips on how to increase the word of mouth that his clients give on his behalf and perhaps help to bring in more referrals.
Listen to the recording of my conversation with Ryan or read the transcript below to learn what I suggest he does and how he can use his clients as his sales force.
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What’s The Greatest Cause of Burnout among Financial Advisors
May 15, 2017 / by Don Connelly / Best Practices / 0 comments
Here’s a question I received from Ricardo in Portugal. He’s writing about burnout with an interesting question.
What’s the greatest cause of burnout among advisors in the United States?
I think that actually is very easy to answer. Whether it’s Los Angeles or Lisbon, it doesn’t really matter.
Listen to the audio or read the transcript below to learn what Don thinks the greatest cause of burnout among Financial Advisors is.
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Put Rejection in Perspective
March 13, 2017 / by Don Connelly / Prospecting / 0 comments
A while back I was kicking around ideas with a friend of mine, Mark Jennings. Mark’s an advisor with Investors Group. He told me a great story that will help you put rejection in perspective.
Listen to the audio or read the transcript to learn the story and takeaway message.
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A Blueprint for Aspiring Million Dollar Producers to Follow
September 19, 2016 / by Don Connelly / Best Practices / 0 comments
A while ago I received an email from Guy Steele who is a friend and an advisor in Hawaii. He said:
“Give me an idea of how a million dollar producer works. How many calls a day do they make? How many hours a day do they work? Mentally what’s their mindset each day when they go to the office? Do you have a blueprint for aspiring million dollar producers to follow?”
Listen to Don’s answer or read the transcript below.
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How Do I Get People to Call Me Back?
June 13, 2016 / by Don Connelly / Managing the Relationship / 0 comments
I heard this great question from Jesse in Grand Rapids. Jesse said he was having difficulty getting people to return his calls, after supposedly thinking about his proposal. He meets with prospects and makes his presentation. They say “Let me think it over, I’ll give you a call” and they never do. After some time has passed, he calls them and leaves messages but they never return his calls. Why is that?
Listen to Don’s answer to this question or read the transcript.
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What If Clients’ Sentimental Equity Holding Doesn’t Match Their Risk Tolerance?
April 18, 2016 / by Don Connelly / Investing Wisdom, Managing the Relationship / 0 comments
Today I’d like to share with you an email I received a while ago from Mike at Edward Jones. ¨What is the best way for an FA to approach a client about an equity holding that has sentimental value to the client but does not fit their risk tolerance? I have a 75-year old widow with over 50% of her net worth in Disney stock. I also have a widow who inherited her husband’s IRA at another firm. She had no idea what was in it, it was with an advisor she doesn’t know. Turns out it is 60% in aggressive investments, but she still wants to keep it there. Help.¨Listen to Don’s answer or read the transcript.
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Why It’s Important You Have All of Your Client’s Assets
October 19, 2015 / by Don Connelly / Managing the Relationship / 1 comment
I received an email from Harry in Chicago. He manages a few million dollars for a particular client. That client has an equal amount of money invested with another Advisor and firm across the street, and he won’t combine the two. The client uses the account across the street to pay taxes and expenses. When asked why he does this, the client has a traditional comment – ‘I don’t want all my eggs in one basket’. Harry’s question to me is “Should I leave well enough alone?”
Listen to Don’s answer or read the transcript below.
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Why Financial Advisors Should Do Seminars
September 21, 2015 / by Don Connelly / Prospecting / 0 comments
One of my Don Connelly 24/7 subscribers asked me how I liked seminars for a prospecting idea. The answer is ‘I love seminars’. Here are a couple of reasons why.
Listen to this audio episode to hear Don’s full answer, or read the transcript below.
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What’s New on Don Connelly 24/7 in January 2015
January 29, 2015 / by Diana Marinova / What's New on Don Connelly 24/7 / 0 comments
Here’s this month’s blog post from the series “What’s New on Don Connelly 24/7“. We recap new video and audio podcasts, Weekly Focus issues, the Monthly Newsletter, and new products. Read on!
What’s new on Don Connelly 24/7 in January 2015
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