Small Biz Survival Blog


The One Question Financial Advisory Prospects Want Answered

26

Jan 2019

The One Question Financial Advisory Prospects Want Answered

Whether you’re providing financial advice to a married couple, executive, small business owner or a large entity, financial advisory prospects ultimately want the answer to one question. It’s this… How will the relationship work? Surprisingly, most advisory websites don’t answer this question. To fix this problem, expand your copy by answering the following questions: How will you… – Charge Me (Excellent example here.) – Invest My Money – Store My Money – Help Me Define My Risk Tolerance – Understand What to Expect, i.e., Returns vs. Volatility – Reply to My Questions Responsively – Safeguard My Money in Choppy Markets...

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7 Resources: Small Business Planning for the New Year

22

Dec 2018

7 Resources: Small Business Planning for the New Year

It’s time to start your small business planning for another 12 months. To help you, I’ve compiled seven business development and marketing planning resources. But first, I can’t stress enough the importance of this initial planning step: Before you undertake any new marketing initiatives in the coming year, I encourage you to review your business’ results from the past year. The key is to determine what activities from this year you’ll repeat in the coming year. Frankly, I recommend that you repeat at least 50 percent of your past marketing activities. Why? Because, more than likely, most of your prospects...

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Social Listening Strategies for Financial Advisors with Examples

29

Nov 2018

Social Listening Strategies for Financial Advisors with Examples

Social Listening Strategies for Financial Advisors   Today, I focus on the financial advisor target audience, adults age 50 and up, since they hold most of our country’s wealth. I provide several examples of how advisors can reply to online comments and conclude with an infographic detailing even more social listening ideas. Let’s begin by understanding where adults age 50 and up spend time online so you can: Hear what they’re saying. Communicate using their preferred social channel. Address topics important to them. Make connections by spending time at activities they enjoy. Where are 50-year-olds and older hanging out? According...

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How Young Male Financial Advisors Can Build Credibility with Older Female Clients

30

Sep 2018

How Young Male Financial Advisors Can Build Credibility with Older Female Clients

For young male financial advisors, a youthful appearance isn’t always an asset. Over the years, I’ve been to many financial services conferences. Most were hosted by an advisor’s broker-dealer, RIA or sponsor. Generally, I’d see two attendee demographics: old advisors and young advisors. Sure, there were others, but I didn’t notice them as much. When I’d see an older advisor, I’d think: I can’t hire him/her, they’re retiring before me. Then, I’d see a younger advisor and think: No way, I can’t hire a kid. Are you a kid? Of course not. But, understand what Gen X and other older...

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How to Compete with Large Companies

31

Aug 2018

How to Compete with Large Companies

Do you own or manage a small retail business? What would you do if a large corporation came to town and started offering most of what you sell? The large business probably has deeper pockets, enabling them to offer lower prices and a larger product selection. How do you compete with large companies? Here are 4 simple and affordable marketing ideas to help sustain your small business when Goliath sets up shop in your neighborhood. #1 – Piggyback onto a Powerful & Local Communication Network One of the most affordable ways to advertise your small business is to piggyback onto...

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How to Motivate Staff in a Hair Salon Including Hairstylists & Makeup Artists

19

Jun 2018

How to Motivate Staff in a Hair Salon Including Hairstylists & Makeup Artists

How to Motivate Staff in a Hair Salon One of the most common questions I receive from salon owners is: How do I motivate my hair salon staff? Frankly, there is no one answer. Yet, there is one key approach that’ll help motivate your staff of hairstylists, makeup artists and others. It’s this… Find your staff doing things right. In fact, I recommend setting up reminders to find each of your staff members doing things that positively impact salon growth. These conversations will not take additional time, since you’ll simply be replacing some of your stylists’ conversations with more (organized) positive feedback. Soundbite...

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Creative Summer Marketing Ideas for Small Businesses

30

May 2018

Creative Summer Marketing Ideas for Small Businesses

Ah, summertime. That wonderfully warm time of year when many small businesses earn 40 percent or more of their profits for the year due to the onset of tourism. However, for the rest of us, the dog days of summer may be our slowest sales cycle. If June, July and August leave you with empty pockets, first take a look at how you’re packaging your business in order to increase revenue. Ask yourself, is there a better way to position your services and products as a great summer offer? Attract More Customers This Summer Try these 5 marketing strategies coupled...

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