Advisor Tip: Become a local business booster
Why: Promoting other
professionals and small- to mid-sized businesses in your community
positions you as a generous “others-first” leader, generating goodwill,
affinity and share of mind
Nobody likes a chest-thumper.
But everybody likes a business professional who lifts up other people
and is a booster for their cause. Many small- and medium-sized
businesses struggle with sales and local visibility, and would be
grateful for your support. Think of ways to collaborate with these
smaller, community-based businesses. The good karma will almost certainly
come back to you.
For example, plan and host a “Let’s Get Organized” presentation at a locally owned diner or coffee shop. Over
coffee and pie, you welcome a small group of guests—folks who have been
invited by the other business friends involved—and set the stage for the
90-minute session. A local home organizing specialist or Feng Shui
expert could speak of creating a stress-free environment. You could
share ways to organize family finances and tame the paper monster. Or
host similar event at a locally-owned bookstore, but simplify the
refreshments and promote a local author’s book, which would be available
for purchase and personal autograph as guests leave. You stand by,
taking pictures with a digital camera, asking for guests to jot down
their name and email address on a clip board so that you can send them a
copy of their photo with the expert and/or author.
Variations to
the local business collaborative are endless: A garden tour and
gardening tips from an expert in the spring (you talk about making money
grow in a healthy and plentiful way). A cooking class and wine tasting
at a culinary center (you talk about using the right mix of ingredients
to produce a perfect financial stew). A class on creating a LifeBio or
Ethical Will at Jesuit or Zen spiritual retreat center (you talk about
balance and clarity around personal finances). A walking tour around the
local art galleries with planned mini-lectures and refreshments at
various stops (you talk about community spirit and conduct a drawing for
a local work of art).
How this helps: The financial services
industry took a beating during the banking crisis and Wall Street
scandals in 2008/09. Being visible and others-centered creates a caring
face for your business and opens the door for conversations with new
clients, cross-pollination with the other professionals involved, and
possible media attention if your event and venue are timely and
different enough from the standard business fare. Co-hosting events and
positioning yourself as a local business booster gives you reasons to
send out invitations and news releases, generate email and social media
campaigns, and contact new strategic partners.
In the age of
digital communication and social media, let’s not forget to get out and
“see the people” – in real life. People are busy but once a community of
interest is established, the rapport and connections should carry
through into other educational or business social events. The
possibilities are endless – philanthropic angles and volunteer
activities are also a winning strategy, with the potential to produce an
endless ripple in the right circles. We are known by the company we
keep, so picking good circles and purpose-driven activities can not only
help build business but enhance personal satisfaction and create an
perpetually-renewing sense that we have plenty to share, and that people
matter beyond just the business realm. The law of reciprocity is always
at work.
Check out these other related articles on Financial-Planning.com:
Building a Financial Services Business that Sells Itself
http://www.financial-planning.com/blogs/marketing-maven-marie-swift-getting-client-referrals-2680883-1.html
Building Share of Mind as a Local, Vocal Name
http://cdn.financial-planning.com/blogs/marketing-maven-marie-swift-local-expert-exposure-2680712-1.html
Creating Perfect Events can Produce Perfect Clients
http://www.financial-planning.com/blogs/marketing-maven-marie-swift-advisors-events-clients-recruitment-2680457-1.html
Ideas and tips from Marie Swift, a nationally-recognized consultant who's worked with some of the top financial advisory firms nationwide for nearly twenty years. This blog spotlights financial services firms and allied institutions that Swift deems as adopting "Best Practices" in the industry. Swift also shares some of her own tools and ideas aimed at helping independent financial advisors.
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