Select Language

Check Application Status

Resource Zone

3 ideas to turn challenges into successes

Antoinette Tuscano

Rate 1 Rate 2 Rate 3 Rate 4 Rate 5 0 Ratings Choose a rating
Please Login or Become A Member for additional features

Note: Any content shared is only viewable to MDRT members.

Overcome a challenge in your financial services practice with one of these MDRT sales ideas.

While no two financial services businesses are exactly alike, there is common ground in the challenges overcome on the way to sustaining success. Following are a few favorite ideas that helped MDRT members turn a challenge into a win. Try one of these out for a boost in your business. 

Focused referrals 

It takes courage to ask for referrals. Fortunately, there’s no need to ask all of your clients for referrals. I only ask the top 20% of my top clients. Then in five years, you’re in a different circle of clients. When you ask the right people for referrals, your income grows. 

Douglas John Bennett, Dip PFS 
MDRT member since 1995 and Court of the Table qualifier, Crawley, United Kingdom 

Teamwork to become more client-centric  

If you map out your processes by yourself, you miss a lot. I have sessions with my staff and work with them to re-engineer our processes. I see more with the team, and we rebuilt the processes around our clients so we became more customer-centric. 

Jose Victor Vuilleumier Valdez, LUTCF, FSCP 
MDRT member since 2011 and Top of the Table qualifier, Jalisco, Mexico 

Adapting and tripling income 

My business 10 years ago was group benefits — employee life insurance, health insurance and so forth. I used to give assets under management (AUM) cases to friends since I didn’t do that in my business. When government regulations changed, it affected my income significantly. I realized I had to adapt so I could continue to have enough income and because of client demand. Now my business is 80% AUM and 20% everything else. As a result, my income tripled and I helped my clients. I just adapted to what was there. You focus on what needs to be done and ignore everything else. 

Michael P. Austin, CFP, ChFC 
MDRT member since 1994 and Court of the Table qualifier, Baton Rouge, Louisiana 

This originally appeared in the MDRT Blog


{{GetTotalComments()}} Comments

Please Login or Become A Member to add comments