Consider this: Clients show up at the big securities firm in their Mercedes to see their advisor who came to work on a bus. What right (arrogance?) do advisors have to infer that they can help people build wealth when most advisors are not wealthy themselves?

If you want to get financially successful as an advisor rapidly, get the right training. Check Financial Advisor Training.

Javelin Marketing Findings on Successful Seminars

Six Features of Winning Seminars

After doing seminars for 15 years and teaching over 2,000 producers to do them, here are six of the most important items that we find at Javelin Marketing bring success.

Invite A Very Focused Audience

There’s no way to pack a room with a diverse crowd. The success of your invitation will depend on how focused it is. A title such as “Estate Planning for Apartment Owners” that is sent to apartment owners will get better attendance than a seminar “Estate Planning” sent to everyone over age 55.

To develop a winning invitation, you need to know how your audience thinks. Therefore, the invitees must be a homogenous group. You cannot assume that your market thinks like you do. If you’re 40 years old, you probably want to know about opportunities to make money, But people over 60 (in most cases) are not motivated to make more money. They care about preserving capital. Their biggest concern is fear of losing principal (this is their “hot button”). So, is it any wonder that your opportunity-oriented seminar, titled “How to Maximize Profits With the Right Mutual Funds,” doesn’t get much of a response from seniors?

Whichever target market you choose, you really need to know their most significant emotional concern. If you can title a seminar addressing that concern, you’re half way home. If you’re not sure, don’t make assumptions. Simply talk to 10 people from your target market and see what concerns they have in common.

Direct Mail To Attract Affluent Prospects

Direct mail is, by far, the most effective method to use in metropolitan areas. The cost per attendee is the highest, but the quality of the attendees is the highest and the seminar produces more business and the greatest profits. By sending 3,000 invitations to a highly targeted audience, you can attract and obtain 35 buying units—a mail cost of $42 per buying unit. I highly recommend using this more expensive method because it produces the best end-results—more qualified new clients that have money to invest.

Location Is Important

Select a seminar location that is well known, convenient and in neutral territory. Some financial professionals attempt to hold seminars in their office buildings. Bad idea. This is not neutral territory and some prospective attendees will not come for fear of being trapped in a high-pressure sales situation. Think about buying a car—whose turf are you on—is it comfortable for you?

Therefore, never use your office as a seminar location. Rather, use a local restaurant that has existed for 20+ years -- a place which everyone in town knows and likes. It’s familiar, neutral and well located. You do not need to feed your audience just because you use a restaurant for your location. Many restaurants are happy to rent an extra room or even open for your seminar at a time when they are normally closed.

Never Do A Product Seminar

If you are seeking to develop a high-end audience with substantial assets and who seeks to bond with an advisor, you cannot give product seminars. Such prospects will leave the seminar with little or no respect for you because in most cases:

A. They already understand the basic features of many investments.
B. They do not want to be sold a product.
C. They understand basic concepts, such as tax deferral, and will feel patronized.

To this group, you must present a concept seminar, ideas such as asset allocation, estate planning, providing for grandchildren, ways to reduce income taxes, socially conscious investing, using debt to create wealth, ways to dispose of real estate without tax, etc. All of these concepts can lead to lucrative relationships where you may indeed sell productS or services. But the product will be the tool to implement the concept. The product must be the subsidiary conversation after the prospect buys into the concept.

You Must Be The Speaker, Don’t Use Wholesalers

If you use a guest speaker at your seminar, you’re missing the whole idea and value of seminars.

The ultimate purpose of seminar marketing is for you to get appointments. Your job is not to get appointments for an accountant or an attorney or a wholesaler. If one of them does the speaking, who gets the credibility? They do!

In order for you to get the appointments, the seminar is your 90 minutes to build your credibility.

So why would you ever invite a guest speaker? Because you may think that they will help bring in attendance. If you think this way, you are selling yourself short. You believe your accomplishments or knowledge are insufficient, and this thinking will sink you in this business no matter how you prospect.

Close Appointments Right At The Seminar

It’s scary how much money advisors spend on seminars, only to give a great seminar, have the attendees clap, make nice comments and leave without a commitment. Checking a box that says “I would like an appointment” is NOT a commitment. A commitment is a time and day. For five years, 65% of attendees at my seminars have committed to a time and day for the appointment right at the seminar. You can do the same if you invite attendees to do so!

Here’s how it’s done. Announce that you need a small favor from them. You need them to complete the evaluation form they received at the beginning of the seminar (and without taking a breath) and that the evaluation form is also their lottery ticket today.

Let’s face it, most people could care less about filling out evaluation forms, so give them a reason to do so. They can win something by completing and returning the form.

To solidify the appointment, the attendees select an appointment time and date right on the evaluation form! Why leave this open and try and nail it down the next day? Or worse, if you can’t get the attendee on the phone the next day, your chance of ever having an appointment will fall precipitously.

Attendees sign up for the appointment because you promise two things:
#1 State that you will not sell them anything at that appointment.
#2 You will show them at least one significant financial mistake they are making and not even aware of. (If you are a knowledgeable advisor, you can always keep this promise. I have never met anyone that was not making at least one foolish financial mistake.)

Tell attendees to bring in their list of investments and tax return to the appointment. (For assistance, you can download a free copy of “How to Uncover Opportunities from a Tax Return” from www.nfcom.com/taxreturn.htm.)

Do you think you could do business with someone who comes to your office with their list of investments and tax return and wants to hear what you have to say? These are exactly the types of prospects every advisor desires.

More useful tips on winning seminars.

Three Essential Elements to
Make Ads and Direct Mail Profitable

Financial advisors and their firms waste millions of dollars monthly on promotions that don’t pay or produce anemic results. In many cases, these direct mail and advertising promotions can be profitable by insuring these three elements are included in the promotion.

An emotionally grabbing headline that you can only compose when you know your target market better than they know themselves. This first requires that you have a target market such as retirees, business owners, executives in the glass industry, etc. A general headline like “Seeking Higher Returns with Mutual Funds” is destined to flop because it has no focus on a target market. If, for example, you are interested in marketing mutual funds to retirees, then your headline should be “Losing Money In Mutual Funds? Learn How Retirees Can Preserve Assets.” (See sample at www.nfcom.com/ads). Run that ad in senior publications and you’ve got the beginnings of a winning ad.

It’s critical when composing your headline that you know your target market’s most powerful motivator. For example, if you prospect business owners, you cannot assume that more profits, or cash flow or lower taxes is their primary concern. Such an assumption is based on your logical thinking, not on the facts. You get the facts by meeting with 10 or more business owners and finding out what motivates them. People in the marketing department usually skip this research; they never meet with clients and often make their best guess in composing promotions. The worst case is when you have a 30-year-old marketing graduate, who has never met with clients, writing an ad targeted at seniors. The result is a promotion lacking sufficient profitability if any. To write effective copy for ads and direct mail, you need to know what your prospect’s think before they think it. Do your research because it pays larger dividends than you can imagine. Note that you must really listen when doing your research and free your mind of your own assumptions.

Ads as well as letters should have a headline. I know you were taught that a proper business letter has a specific format that does not include a title. That’s what your English teacher told you but a marketing or sales letter without headline will miss opportunities for response (see sample at www.nfcom.com/ads).

Secondly, your promotion must promise a benefit in the present. A benefit is not “Learn Retirement Strategies.” That’s a feature. A benefit is “Protect Yourself Against An Irreversible Financial Mistake” or “Start An Income For As Long As You Live­­—Guaranteed.” Notice that both benefits are to be gained NOW. Too many advisors and financial marketers make the costly and frequent mistake by stating benefits as a future gain. Such an approach yields weak response because humans have a hard time digesting the reality of their future. Take this example: you know that cheesecake is high in fat and could contribute to high cholesterol with the long-term threat of stroke or heart disease and death. That’s a future cost but you eat the cheesecake anyway because it tastes good TODAY.

Any benefit can be stated in the present. Let’s say you have an investment designed to produce a more financially secure retirement that may be 20 years away. You must pull that benefit into the present with any of the following phrases:

“Have Piece of Mind Today That Your Financial Future Is Secure”
“Ensure Your Family’s Well Being by Starting Your Plan Now”
“How Millions of People Have Invested To Retire Early”

Last, you must make a non-intimidating offer. You cannot say “Call 800-xxx-xxxx” as this is intimidating to many people. They are afraid being trapped on the phone in a sales pitch or being talked into something they don’t want or being told information that will not understand.

A non-intimidating offer is as follows:

Call for free booklet, leave your address 24 hours, 800-xxx-xxxx
Send in the reply coupon
Attend a free seminar in your town on August 25

In all three cases above, the prospect understands that there is no fear of being trapped, as they do not need to talk to anyone.

Make your promotions work. Develop a winning headline, state a present benefit aligned with your market’s emotional concern and make a non-intimidating offer. These three variables make a huge difference in marketing effectiveness and increase your income right away.

Other really good stuff on direct mail and ads

I have found another couple sites that have very good information I cannot find elsewhere:

Financial Seminar it's all about how to do seminars correctly
Registered Investment Advisor-- how to become a fee based registered investment advisor so that you do not need a broker dealer or to be involved with the FINRA

Javelin Marketing Recommended sites

Great information for financial advisors, check these sites:
Financial Advisor Marketing
Retirement Planning