One of the less surprising findings of the Trailblazed Sales Project Study is that successful sales professionals focus on their clients. Indeed, high-growth producers (defined in the study as brokers enjoying 20 percent growth year-over-year) are driven to earn the trust their clients place in them, their abilities and their expertise.
A California producer interviewed for the study did a good job of describing this dynamic (let's call it sales professionalism) saying that it's about knowledge, integrity, stability and a lot of hard work. That knowledge should be about both the industry and the product, he says. “And listening to the client and client needs. Saying what is really true and not speaking out of both sides of your mouth. Being there for the client and letting the client know that you are always there for their needs.”
Why do knowledge, integrity and stability matter? What's so important about listening and being there for the client?
One answer is that what benefit advisers sell and service is important to their clients. We're not talking frozen yogurt here. True, tasty desserts literally add flavor to life, but what benefit producers sell is far more important. When a spouse is sick or a child is in pain, our products provide access to the cure and help eases the pain. Consumers lose little if they buy a frozen yogurt that disappoints. Buying an inadequate health plan, however, can mean a loss of both health and financial security. The stakes are much higher and, consequently, so is the trust buyers need to place in their brokers.
Consumers need to trust their benefit advisers because buying benefits is far more complicated than purchasing cold dairy concoctions. Significantly, employers are not only making a buying decision for their own families, but for the families of their work force as well. This is a big responsibility. When making a decision as complex, important and, ultimately, as personal as is the case when selecting benefit plans, the need for trustworthy, customer-focused expertise is critical.
So why then did the Trailblazed Sales Project Study find that high-growth producers spend less time on customer service than their less successful colleagues? In fact, it's noticeably less time— 15 percent less than low-growth producers and eight percent less than no-growth producers. Were successful brokers just talking a good game, but failing to walk the walk?
On the contrary. It seems high-growth producers spend more time focusing on their (future) customers before the sale, freeing them to spend less time on customer service after the sale. By actually listening to prospects successful producers are better able to find the right solutions, resulting in fewer problems later.
On the other hand, some brokers seem more interested in showing off the depth of their knowledge through data dumping than in making the time to understand their prospect's needs and proving their ability to find a proper solution. Which is too bad because the time spent addressing the problems that subsequently arise could be better spent. The Trailblazed Sales Project Study found that high-growth producers spend considerably more time than their less successful colleagues on prospecting for new business.
Again, no surprise here. What is often ignored, however, is the relationship between customer service and prospecting. These are not separate and unrelated activities. Instead, as the Trailblazed Sales Project Study reveals, it is their customer-focus that enables high-growth producers to spend more time prospecting—and in becoming successful.
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