How to Duplicate Your Best Clients

Websites. Commercials. Advertising. Mailing lists. All of
these are tools used to chase the elusive goal of having exactly the right
amount of exactly the right type of client. It’s a challenge every advisor

Few of us have enough clients to feel satisfied with our
business. And even if we get the number right, we then shift our focus to
duplicating the top 20% while delegating the bottom 20% to a successor. Every
business feels this pressure to add new sources of revenue in the form of new

So, what do we do about it? In the past, the answer has been
to throw tens of thousands of dollars into anything that sounds like it would
work. But there are limits to what we can do with traditional types of advertising,

  • Finding the right compliance partner
  • Describing complex services without sounding
  • Developing an effective marketing strategy
  • Spending too much money for mediocre results

But it doesn’t have to be like that.

Success in marketing starts with a focus on the prospective client and their problem, not with our solution.

Think about the story you want to tell. Is the hero you, or
your client? If the answer is you, it’s time to adjust the marketing
message.  We aren’t marketing our process
— it doesn’t attract people. The message needs to be how we improve their lives
and make their family situation better. Knowing your audience is important. You
want your message to match their definition of success. It may seem difficult.
We think we must be innovative, different and unique to attract clients. We

Crafting the Right

It’s actually easier than you think. We know what our
prospective clients want. But we aren’t giving them specifics on why they should
want to work with us. Here are some examples of general statements about
potential pitfalls:

  • You might run out of money during retirement
  • Healthcare might be too expensive and drain your
  • Inflation can rob you of being able to buy
    things during retirement

Experience has shown that these types of statements don’t
motivate people to meet with us. In fact, I’d argue that they scare people
away. Be honest. Would they motivate you?

Instead, we need to think about the emotional and deeper
meaning of why clients choose to invest, and what factors contribute to picking
a firm. To figure that out, we need to look to the past.

Past Success Leads to
Future Success

Consider your five favorite clients. Make a list. What makes
them your favorite clients? I’m sure the money they bring to your firm is a
factor. But more than that, there is probably positive engagement – you enjoy
working with them. And they trust your judgment when it comes to their
finances. It’s a perfect situation. These are the people you want to duplicate.

There’s no big mystery to why these clients do business with
us. It’s simple. We transformed their lives. We provided solutions to their
problems and helped create a secure future.

Let’s conduct a little experiment. Pull your files for these
five clients. Then take out a piece of paper and draw a line down the middle.
On the left side, write down all the adjectives that described the client when
you were still trying to earn their business. (This is where the files come
in.) Most likely, your adjectives include words like worried, uninformed, lost,
lacking confidence or fearful.

On the right side of the paper, list adjectives that
describe how the client feels about their finances today. Words like safe,
secure, confident, comfortable, aware, in control and satisfied should be on
this list.

This transformation is your marketing message. Taking
clients from worried to secure. From uninformed to in control. From fearful to
confident. Think about a marketing message that focuses on changing their
lives. In short, the type of messaging that resonates with people. A message
that provides hope. And enables the prospective client to make a significant
change – one that affects every member of their family, including the next
generation — without using scare tactics.

Transformational Tactic

Look more closely at why your top clients chose you. Those reasons are the key to a marketing message that attracts the right prospects.

Recognize the opportunity to transform your business by taking our free course.