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September 01, 2009

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Michael Lovas

Several years ago, we worked with a team of financial advisors. They asked us to help them convert more prospects into clients. When we looked at their process we were stunned. They used a 27-step process that all prospects needed to follow in order to do business with these advisors. The psychology is pretty simple - only half the population can follow a procedure of any length. And, not all of them can follow a 27-step program!

So, we categorized the steps into groups. The 27 remained the same, but they were orded into seven categories, which we called "steps" in the big poster that illustrated how simple the process was. The result was great. The hole in their bucket was plugged up and they wrote a lot more business.

The simple point - yes, all selling is just an application of psychology.

-- Michael Lovas
www.aboutpeople.com

James Kilpatrick

One of our competitors in the apartment sales market often has a pie chart of how many one bedrooms and two bedrooms a building has. For instance you might have a 24 unit building with 12 1/1s and 12 2/1s. An entire page would be devoted to a visual representation that the building is half 1 bedrooms and half two bedrooms. You make an extremely relevant and often ignored point Steve--and it applies to live presentations as well as printed materials. The flavor and method often far outweighs the actual facts, data and words.

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