Illustrations for Index UL – A Game Changer

The National Association of Insurance Commissioners (NAIC) on June 18 approved updated, more reasonable guidelines for the illustrations that insurers, agents and brokers can use to market indexed universal life (IUL) products. The new guidelines are set to take effect Sept. 1.

Adoption of Actuarial Guideline XLIX for Indexed Universal Life Illustrations (AG 49) represents the work of the Life Actuarial Task Force to develop realistic credited rates for illustrations of IUL products. It is expected to take effect for all IUL policies sold on or after on Sept. 1, 2015.

“The guidelines approved today by the NAIC are the result of a considerable collaborative effort between regulators and industry,” the American Council of Life Insurers (ACLI) said in a statement issued shortly after the NAIC approved the new guidelines on a conference call of the Executive Committee/Plenary last Thursday.

The new guidelines offer uniform rules for the development of illustrations of IUL products that will benefit consumers, the ACLI statement continued, providing guidance in determining the index-based crediting rate for the currently payable scale and the disciplined current scale; limit the policy loan leverage shown in an illustration; and require additional consumer information (side-by-side illustration and additional disclosures) that will aid in consumer understanding.

“Moreover, the guidelines would set a maximum rate that could be illustrated based on a standardized formula. The maximum rate could vary depending on product design,” the ACLI statement added.

The new guidelines are intended to solve the current lack of uniformity in how carriers and agents illustrate the potential performance of IUL policies, and how hypothetical historical index returns are calculated. The NAIC had asked the ACLI to provide industry input for the development of the guidelines, leading to ACLI establishing a task force to develop an industry-supported recommendation. After extensive deliberation and a vote by ACLI member companies, ACLI delivered a recommendation for the guidelines to the NAIC that was supported by a super-majority of the ACLI Life Committee, the CEO Steering Committee, and the ACLI Board of Directors.

 

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Life Insurance for Retirement Planning

As your clients prepare for and live through retirement, they face an increasingly complex set of challenges, including a sustained low-interest rate environment, an uncertain future for Social Security, increased longevity and increasing costs for medical care, among other things.

This makes the challenge of preparing for and living through retirement great, but for prepared advisors the opportunity is greater: over 10,000 Americans turn 65 every day. And they need your help making the most of their Social Security benefits, navigating medicare decisions, protecting against the risk of chronic illness and making sure they won’t outlive their retirement assets.

Your clients and prospects are or will be looking to you for guidance. Which is why we’ve pulled together some of the best resources our industry offers. Below you’ll find educational resources, case studies and other marketing programs you can use to set yourself apart from your peers and connect with the many clients who need your help preparing for and living through retirement.

Insights about Retirees and Retirement:
  • 61% of Baby Boomers are more scared of outliving their retirement assets than death.
  • 93% of customers would leave an advisor if they don’t receive Social Security advice
  • A formal retirement plan is the biggest factor for how confident you clients feel about their retirement security, yet only 3 of 10 have one in place
  • 4 of 10 Americans believe no matter how much they save and how they invest they will not have enough money in retirement
    • Concerns about longevity are well founded: one of every four 65 year olds will live to age 90, and one out of ten will live to age 95
  • 50% of households are at risk of having their standard of living decline in retirement
Advisor Resources:

Resources to Share with Clients:

 

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Ramp it Up- Sales Training that Works!

Do you go to sales training meetings and walk away feeling unsatisfied? Have you been to a sales training meeting that actually helps you make more money? In many cases, sales training amounts to a booklet of old-fashioned ideas that have little to no impact on your business culture. However, proper sales training is essential – not only as a way to ensure you’re getting the best out of your practice, but also to make certain that you are learning what is new and essential in our industry.

Here are five tactics we use in our core training sessions – “Raise the Bar”; “Income Building Workshop”; and “Transition Training”. These three sessions work for all – from beginners to experienced sellers.

  1. Role play is still effective!

Most people learn best if they’re actually doing something, as opposed to just listening. Role playing gives you practical, hands-on training that forces you to think on your feet. Here are some good situations to role play:

  • how we overcome objections
  • elevator pitches
  • cold calls
  • negotiation tactics

This is also a great opportunity to look for common selling mistakes, such as talking too much, over-educating, or failing to ask questions. To make the most of role plays, at our “Raise the Bar” sessions, we record them. Sometimes it’s only by evaluating what you do on a day-to-day basis that you can truly learn and improve.

  1. Set up a peer mentor system

Peer mentoring is obviously essential for new reps, as there’s so much about the process itself to learn before you can begin selling effectively. But having input from a senior sales professional can also be useful later on in a sales person’s career. At our “Transition Training” sessions we typically team up a newer person with an experienced rep to help them along the way.

  1. Ensure your training covers why people buy

Too often, sales training covers the ‘logical side’ of sales – in other words, the features, functions and business benefits of the product or service and how to best communicate these to the prospect. While this is still important, our sales training also covers the emotional, political and subconscious forces that have an impact on the decision.

  1. Build confidence with easy sells

Confidence is an essential skill for any salesperson. But, if you’re new in a job or you’re struggling to start out, your confidence – and, consequently, your ability to sell effectively – can take a knock. For the first few months, we focus on products or prospects that you know to be an easy sell. The “low hanging fruit” so to speak. We always ask that each rep bring with them 5 clients who they know well and we discuss them together. As part of the training we look for where there might be new opportunities that were missed in the initial meetings. We practice the “transition into the new discussion, and watch their confidence grow. When they come to tackle the riskier prospects later on, they’ll be filled with self-confidence, which will swing the sale their way.

  1. Ensure training is consistent

Training needs to be consistent. Each of our trainings builds on the last session and contains the same core elements. The power of asking questions and listening; the idea of creating curiosity and establishing credibility – these consistent themes are constant in what we do and is what separates our training from everyone elses.

Our next training:

Income Builder Workshop – June 25th and 26th, 2015

Ttransition Your Practice to the Next Opportunity!

Join us in sunny Del Mar, CA on June 25-26, 2015 for a producer meeting packed with marketing ideas and concept training! Discover new ways to uncover sales opportunities and earn referrals.

We make it easy; your hotel and meal costs are paid for by ISN.

Don’t miss this 1 1/2 day session as we explore strategies to help you earn new income and build your practice!

  • LinkedIn Power – Learn the best way to market via LinkedIn
  • Advisor2Advisor CPA Referral System – Turn Key program links you to CPA’s
  • Drip Marketing Made Easy – On-line Newsletter system with Analytics
  • Question Based Selling – Learn to ask the right question to create opportunities
  • Role play– Training in small group setting, customized to advisor needs – your participation is key to your success!

 

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The Financial Playbook

Brian Gilder is an acclaimed Certified Financial Planner who has been an avid athlete and sports fan his entire life. Decades of helping people achieve financial success in his professional life and even more years following his favorite teams led him to a realization: there is a powerful connection between success in sports and a successful financial future. His book- The Financial Playbook uses sports analogies, real stories of successful athletes and coaches, to lay out Brian’s method for helping people make that connection and use it to achieve a secure, winning financial future.

His approach parallels the approach of successful coaches and athletes in every sport. It is built around a simple philosophy: Tell people what they need to hear, not what they want to hear. By understanding how this works in sports, you can apply it to your own financial goals – and win.

How does this work, this connection between financial success and winning on the court of the field? Consider some poignant examples. Phil Jackson won six NBA championship rings with two different teams. He didn’t do it by telling his players to go onto the court the first period of the first game of the season and start shooting three-pointers from mid-court. Instead he had his team watch hour after hour of tape, studying the opposition. They had to prepare, not only physically by staying in shape but mentally. Players had to be in their rooms by curfew, not out partying on road trips. And they won year after year. Watch Rory McIlroy winning another tournament on the PGA tour.. You won’t see him swinging for the greens at every tee, going for an eagle no matter what the pin placement. He wouldn’t make it past the first day of the tournament. Instead he calculates the trajectory of each shot, thinking ahead to where the ball will be and how he can move it closer to the hole in the fewest strokes and taking the least risk. Even Muhammad Ali didn’t hear the bell ring and charge his opponent, intent on knocking him out before the first round was even well under way. He danced and played, but not for fun – he studied his opponent, looking for weaknesses, and then attacked.

What do these stars, these winners, all have in common? The same thing that every winning player and coach has – they know that every play, every hole, every basket, is part of something bigger. They look at the entire game, how it fits into the season, and how it is part of their career. They know that to be a winner, to come out on top, you need more than one good swing or shot. The same is true for every single person who wants to achieve financial success and stability. Phil Jackson and Tiger Woods and Muhammad Ali all followed the basic rules of winning– and every person reading this book who wants a fulfilling and successful financial future should follow the same rules:

  • Establish your game plan before you get on the field
  • Put up a good defense, because before you win you have to make sure you’re not going to lose
  • Develop a good offense – score points and establish a lead
  • Protect your lead, knowing that you’re ahead of the game and your defense will keep you safe

This is a winning formula, one that will lead to your financial success and a future where you have the freedom to enjoy life, no matter how old you are now or what phase of your life you are planning for. This book is your guide on how to apply that winning formula. It doesn’t matter where you are in the game – waiting for the opening kickoff as you start your first job, coming out of the locker room at half-time with a slim lead and concerns about the second half, or looking at being down by two touchdowns with under three minutes to go. It is always the right time to stop, assess where you are, and pick a winning strategy.

The philosophy of this book is the same as Vince Lombardi’s: winning isn’t everything, it’s the only thing. Except in this game, you are the only player. And everything is under your control.

Hear Brian speak at our next Income Builder Workshop scheduled for June 25-26th in Del Mar, Ca. Call us at 800-338-1892 to secure your spot!

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Do You Follow-up?

Follow-up is an area where you can make a real difference and seperate your self from the typical advisor. It is also the one area where I find it hard to get people to do. At least for any length of time.

Lots of people think they are great at follow-up. They tell me they do everything that can be done. When I ask them about their system I usually find out 2 things:

  1. They have no system of follow-up
  2. They think that calling a client to remind them to send in a premium is follow-up

Real follow-up requires a strong commitment to a set system that is worked on a daily basis. It also means clients get written communications (email) as well as verbal (phone call or message).

A lot of the burden of follow-up can be relieved if you set up a system. We have a group in TX that has a number of pre-written letters that are easy to utilize and reproduce for whatever the situation. They also have a list of who, when and why they are following up and they work the system to perfection.

You need to sit down and see what type of letters you will want to send out. The reasons could be many…here are a few:

  • Reminders of when CD’s or other term investments are coming due
  • Reminders that an opportunity is running out (conversion?)
  • Explanations of a topic discussed at last meeting
  • Relevant articles about a topic yu discussed (see article on library)
  • A letter telling a client you have done a certain thing you said you would and what the current status is
  • A thank you letter reinforcing the purchase decision
  • A letter that explains the underwriting process
  • A thank you for a referral
  • A welcome letter to a new client…

And the list can go on and on. Take the time to make your list. Then set it up. A little time up front will save a lot of time down the road. And then you can really say…”I follow-up!”

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Baseball Lessons

I just spent the weekend coaching a team of 6-year olds in an All Star tournament. It was a beautiful sight to see the boys compete – the exuberance and love of the game shining in their faces. I have always  loved baseball and the lessons I learned from the game have carried over into my real life. Today’s guest post by Garcia Glover touches on a theme that is timeless…how baseball lessons can translate into the business world. Enjoy

How Baseball Can Help Us in Business by Garcia Glover

As a 20-year, business-to-business, outside sales practitioner, and now as managing partner for a sales-training company, I often find myself using baseball analogies in my sales “pitches.”

That’s probably because sales and baseball are what I know most. A baseball scholarship paid my way through college, and I was a college coach for a number of years. I started in professional sales selling copiers door-to-door before everyone had a cell phone – hell, before everyone had a pager. (You may be asking, “What’s a pager?”) But before you dismiss me as old and out of touch with today’s selling environment, let it be known that my last full-time sales job was in 2011, selling for a large multimedia company.

I’ve used many baseball analogies in sales over the years, and my favorite is this: selling, like baseball, is a team sport played by individuals. In baseball, an opposing batter hits the ball to the fence, then the outfielder picks up the ball and throws it to a teammate. That player in turn throws it to another teammate standing at a base. Now that’s great teamwork! When that same outfielder goes up to bat one-on-one with the pitcher, however, the team can’t help.

Selling is the same: the sales team can be supportive in many ways, but when a rep is one-on-one with a buyer, the team can’t help.

Recently, my thinking about sales and baseball has gone deeper than analogies when I started looking deeply at the parallels between my baseball experiences and selling. My new thought process began when a sales prospect asked, “Your sales training isn’t elementary, is it?” My immediate response was no. Later, I began to wonder what she meant by “elementary” and what would be wrong if it were. I thought back to my coaching days and remembered that players had to constantly work on the “elementary” fundamentals to become better ballplayers.

So why are salespeople (and managers) reluctant to work on the so-called elementary aspects that are fundamental to their sales game?

Maybe it’s because we in sales have become so enamored with 50,000-foot views, technology, big data, complex processes, and systems that we’ve lost focus and don’t have time to work on the simple stuff that really makes and keeps us successful. In baseball, we used an acronym, ACES, which we recited at practice to remind the ballplayers about what it takes to get better. ACES is simple and straightforward and proved to be effective:

Attitude: Your attitude is what you bring to everything. Maintain a positive attitude, because it’s what enables you to get up (no matter how many times you’ve been knocked down).

Confidence: This isn’t swagger. It’s the silent, inner confidence you build by knowing that you’ve done everything possible to prepare for and win the game.

Execution: This is the planned approach you take to achieve peak performance. The key is to set goals and have an executable plan to reach those goals.

Skill: Skill has nothing to do with talent. Skill refers to the acknowledgement of your strengths and weaknesses. Exploit your strengths and compensate for your weaknesses until they become strengths through learning and dedicated work.

ACES can apply to any vocation, especially sales. I had no idea that my experience as a baseball coach and player would make me a better seller. So my advice for anybody in sales is this: Don’t lose focus on the elementary stuff, no matter where it comes from, because it could possibly make you better.

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The Pizza Plan

A lot of our advisors are really good at marketing and getting in front of people. We believe that multiple approaches should be used by all advisors. Last week one of my top guys told me about his latest idea…The Pizza Plan.

Almost everyone loves pizza.Therefore, when direct mail, email marketing, newsletter marketing and other approaches fail, The Pizza Plan can step in and open up a door.

This advisor works in the business market and he has been using this idea quite successfully. The plan is quite simple- he send his business prospects  and support staff a pizza in a box customized with his logo and contact information.Along with the pizza he attached a note:

“We hope you enjoy your slice of pizza. We would also like to have a chance to earn a slice of your business.”

In the end the cost of the pizza is all you spend to open up a door. Creative, yes. Generating curiosity- without a doubt. Try it next time you really want to get your prospects attention.

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Life Partners Sold Securities

Texas Supreme Court Says Life Partners Sold Securities

Share us on: By Jess Davis

Law360, Dallas (May  2015) — The Texas Supreme Court ruled Friday that life settlements sold by Life Partners Inc. are securities under state law, breathing new life into lawsuits brought by the Texas State Securities Board and a putative class of investors.

Life Partners has faced a flood of litigation over its sale of life settlements, or fractional interests in life insurance policies. The company is being accused of selling unregistered securities and fraudulently advertising that policyholders had materially short life expectancies that would result in larger investor payouts.

In the Texas cases brought by the state securities regulator and a group of investors, Life Partners had won trial court dismissals. But appeals courts in Austin and Dallas revived the claims after finding the life settlements were investment contracts, not insurance contracts, making them securities under state law.

In a unanimous decision Friday authored by Justice Jeff S. Boyd, the Texas Supreme Court said the life settlements, sometimes called viatical settlements, are securities because they constitute transactions through which a person pays money to participate in a common enterprise with the expectation of receiving profits, under circumstances in which the failure or success of the enterprise and the person’s realization of the expected profits is at least predominately due to the entrepreneurial or managerial efforts of others.

The court also refused Life Partners’ request to apply the holding only prospectively, which would have freed the company from any liability to the putative class or the state.

“We believe that retroactive application of our holding furthers the operation and enforcement of the Securities Act, and in light of the decades of precedent on which we rely, the results impose no inequities on Life Partners,” the court said.

Keith Langston of Langston Law Firm, representing the investors, said that they are very pleased with the court’s opinion and that the investors’ legal team is “exploring every option possible to get them full restitution on these investments.”

“It’s a good victory for our clients, a good victory for anybody who invested in Life Partners products and a good victory for anybody who invested in a life settlement company other than Life Partners,” Langston said. “It’s a good victory for Texas consumers as a whole. It provides them with the requisite security that anybody who wants to do this in the future now is required to register these products with the Texas State Securities Board, and future investors will now have access to all the information necessary to make an informed decision before they invest.”

Langston said he expects their claims to shortly make their way to bankruptcy court.

Life Partners Holdings Inc. filed for Chapter 11 protection in January, in a bid to buy time while it appeals a $47 million judgment won by the U.S. Securities and Exchange Commission against the holding company and Life Partners executives Brian Pardo and Scott Peden, who resigned in February. The bankruptcy judge in March appointed a trustee, and in April authorized the trustee to file bankruptcy petitions on behalf of LPHI subsidiaries, including Life Partners Inc. and LPI Financial Services Inc.

A spokesman for the TSSB praised the court’s ruling in a statement Friday, saying it maximizes the protections the Texas Securities Act provides to the investing public.

“We are pleased with today’s Texas Supreme Court decision in the Life Partners case, which clarifies and affirms the scope of the Texas Securities Act to protect investors from fraudulent investment schemes, regardless of the labels or terminology used by promoters,” spokesman Robert Elder said.

The TSSB sued Life Partners Inc. and publicly traded Life Partners Holdings Inc. in August 2012, alleging the companies were “perpetuating a massive fraud upon the investing public” by advertising artificially short life expectancies.

In the second case, a putative class of investors sued Life Partners and Milkie/Ferguson Inc., which sold some of the life settlements, seeking rescission of what the class claims are unregistered securities. That suit alleges Life Partners set the price paid by investors and gave investors the only information they ever had about the health and life expectancy of the insureds whose policies Life Partners was selling.

In both cases, Life Partners argued Texas should follow the D.C. Circuit’s lead and adopt its reasoning in a 1996 case that found the profitability of life settlements depends on the mortality of the underlying policyholders and not on Life Partners’ actions before offering the life settlements. The company contended that holding meant the offerings were never securities.

The Texas appeals court in Waco previously followed the D.C. Circuit, but the appellate courts in Dallas and Austin declined to sign on to the federal circuit court’s reasoning.

The two cases were consolidated in Texas Supreme Court for oral argument, which was held in January.

Attorneys for Life Partners did not immediately respond to requests for comment Friday.

Life Partners is represented by Douglas W. Alexander, Wallace B. Jefferson and Susan Vance of Alexander Dubose Jefferson & Townsend LLP, Harriet O’Neill of the Law Office of Harriet O’Neill PC and Kevin Buchanan of Kevin Buchanan & Associates PLLC.

The class is represented by Keith Langston of Langston Law Firm, Robert T. Cain Jr. of Alderman Cain & Neill PLLC, and Scott C. Skelton of Skelton Slusher Barnhill Watkins Wells PLLC.

The state is represented by Kristofer S. Monson of the Texas attorney general’s office.

The cases are Life Partners Inc. et al. v. Arnold et al., case number 14-0122, and Life Partners Holdings Inc. et al. v. Texas, case number 14-0226, in the Supreme Court of the State of Texas.

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Make Your Emails More Effective


16 Psychology Tips to Upgrade Your Cold Sales Emails

Written by Max Altschuler

Prospects are people, too. And people are hard-wired to respond more positively to certain words and types of messaging.

I know, I know, you’re in sales — you’re not a psychologist. But simply learning just a few psychological tips can drastically enhance your connect rates. Here are a few of my favorites.

1) Pay very close attention to the words you use.

Think about this for a second. If we’re partnering on a project, and I tell you you’re going to have a lot of responsibility, you might feel daunted. But if I tell you you’ll have a lot of control, you’ll probably see that as freeing, and look forward to the work. These two sentences mean the same thing, but they come off very differently to the other person.

2) Keep it short and dumb it down.

Nobody wants to read your multi-paragraph sales pitch riddled with jargon and abbreviations. Even worse is when salespeople use big words to sound smarter. Thinking about using the word “utilize”? The word “use” is fine.

In the end you lose people. You’re not making it easy enough on them. Keep things readable for your recipient so they can digest the information quickly and take action. Imagine that your buyer is reading your email on their smartphone on the bus ride home.

Be sure to make the key points and preferred actions clear — maybe even highlight them in bold. And stay away from abbreviations unless they’re universally well-known in the industry.

Also, don’t be afraid to go against the principles of writing in your emails. This isn’t your high school English class — it’s an important message to a busy potential buyer. Try adding more spacing in your emails — separate paragraphs every two sentences. Make it easy for them to scan or read quickly.

When in doubt, use the eight-year-old test. Make the message simple enough for a second grader to understand.

3) Don’t be afraid to challenge people.

When setting up an outbound campaign, you’ll need to have a thick skin and (at times) a short memory. There will always be people who reply with a poor attitude. Just keep pushing, and do it the right way. You’re just doing your job. Know that for every one person that responds negatively, you’ll sign up 50 more.

But don’t ignore those negative people. Sometimes a great way to reply is by challenging them.

At Udemy, we would get contrary replies from experts all the time. As we refined our process, we got fewer and fewer negative responses, but it still happened every once in a while. But if you could read the situation well, and knew a little bit about the person’s background, sometimes you could flip them.

I used to respond with a challenge. I would find two big name experts in their space that this person knew, and reply with the following:

Hi [First name],

Sorry to have bothered you. I thought you were on the level of [Expert X] and [Expert Y] who are both doing extremely well on Udemy. That’s why I thought this would be perfect for you, but I guess I was mistaken.

I will make sure you do not receive another email from us. Again, I apologize.

Best, Max

In this case, you’re challenging them by saying if they do not see the value, they must not be such a big expert. Some people wouldn’t respond, and others would just write a simple “thanks.” But more often than not, we’d get the response, “Oh I didn’t know [Expert X] and [Expert Y] were on Udemy. Maybe I have a few minutes to chat this week.”

4) Sell to the individual, then the employee, then the company.

The person on the other end of your message is an individual first and foremost. He or she is a human being with feelings, emotions, wants, and needs.

Appeal to the individual first by making them feel like they’ll be more special or important if they listen to you. Then appeal to their career ambitions, and explain how working with you will make them look good to their boss. Lastly, appeal to the company by providing your contact with the tools they need to sell the rest of the stakeholders on your product.

For example:

“Here’s how this is going to make you look like a hero to your team … ”

“Here’s how it’s going to make your team more productive and generate more revenue … ”

“Here’s how to sell it to the key stakeholders … ”

Cold email expert and CEO of Salesfolk, Heather R. Morgan, has several more psychology-inspired sales email tips:

5) Make your email conversational and human.

Don’t write like a robot or be gimmicky.

6) Be persuasive.

Try to evoke emotions.

7) Talk about your product or service in terms of benefits instead of features.

For example: “Use this process to triple your response rates” vs. “This feature helps with A/B testing to write better email copy.”

8) Show benefits rather than talking about them.

Provide a customer anecdote, and use a stat if possible. For example: “Our email copy helped [client] double their qualified leads in one month, which also doubled their sales team’s quota.”

9) Try to add value.

Alternatively, evoke fear of loss or play on people’s competitive nature.

10) Be focused.

Don’t try to cover too many tangential points in one email.

11) Develop a clear persona for each segment list.

12) One concept per email.

If you have a lot of value 
props and ideas, save them for other touches 
in your campaign.

13) Send six to eight emails for every person you’re reaching out to.

You might actually get more responses 
in the sixth to eights emails than any other earlier touchpoint. Even if this isn’t the case, it’s still worth keeping at it to engage the people who respond on email six to eight that would have otherwise stayed cold.

14) Test everything.

Every persona and industry is different, so you need to test to find out what works.

15) Don’t be afraid to ask for or even demand things.

Just 
do it politely. The difference between pushy and persistent 
is politeness.

16) Try putting the company name in the subject line.

Watch the clicks roll in.

Editor’s note: This is an excerpt from the new book Hacking Sales: The Playbook for Building a High Velocity Sales Machine. It is published here with permission.

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Does Chris Paul Have the Answer?

The Chris/ Cliff Paul  State Farm commercials are great. The idea of an assist being just as important as the basket is one that I have believed in for most of my life. Others have the same belief. In reading about the late Dean Smith he made it mandatory that all of his players give high fives to the player who made the pass and not the player who made the basket. This idea struck me and I have spent the last two weeks calling our top reps and asking them – how important is an assistant to your success?

The top producers agree- finding a good assistant is the key element to taking your practice to the next level. Here is what the consensus is on what you should look for in a good assistant:

  1. A True Business Partner- Your assistant needs to be all in and be compensated as if they have a stake in the business. If that means cutting them in on commissions or bonusing them when a deal is closed then this is what you need to do
  2. Productive- The right assistant gets your style asnd your business. They learn quickly and don’t ask a lot of questions. And most important- they keep you productive and organized.
  3. Understand People- lets face it, we are in a people business. If your assistant is not good with people, if they can’t read people, then you need a new assistant.
  4. Attentive to Detail- Most of the agents interviewed said the same thing- my assistant is great at the details. Quick processing skills and the ability to avoid errors and oversights are a key component of a good assistant.

It is true…the assist (or assistant) can be just as important as the basket (or sale). Getting to the next level requires a person who can help keep you organized, effecient and anticipates problems. So when a problem does arise, “like a good neighbor”, your assitant is there.

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