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Take the spotlight and play like a princess in the Princess Peachโ„ข: Showtime! game.
03/13/2024

Take the spotlight and play like a princess in the Princess Peachโ„ข: Showtime! game.

Only on Nintendo Switch

๐™‹๐™–๐™ž๐™ฃ ๐™‹๐™ค๐™ž๐™ฃ๐™ฉ ๐˜ฟ๐™ž๐™จ๐™˜๐™ค๐™ซ๐™š๐™ง๐™ฎ โ€“ Are you asking the right questions?While certain problems and frustrations are unique to specific...
11/06/2023

๐™‹๐™–๐™ž๐™ฃ ๐™‹๐™ค๐™ž๐™ฃ๐™ฉ ๐˜ฟ๐™ž๐™จ๐™˜๐™ค๐™ซ๐™š๐™ง๐™ฎ โ€“ Are you asking the right questions?

While certain problems and frustrations are unique to specific clients, many will be more universal. As you identify these trends, you can adjust your marketing strategies and re-evaluate your product offerings to address these common pain points and make customers happier right across the board.

Letโ€™s look at a few general examples of open-ended questions that you can tweak and use for pain point discovery in your specific industry.

โ€œ๐™’๐™๐™–๐™ฉ ๐™ž๐™จ ๐™ฉ๐™๐™š ๐™—๐™ž๐™œ๐™œ๐™š๐™จ๐™ฉ ๐™˜๐™๐™–๐™ก๐™ก๐™š๐™ฃ๐™œ๐™š ๐™ฎ๐™ค๐™ชโ€™๐™ง๐™š ๐™˜๐™ช๐™ง๐™ง๐™š๐™ฃ๐™ฉ๐™ก๐™ฎ ๐™›๐™–๐™˜๐™ž๐™ฃ๐™œ?โ€

This is a conversation starter โ€“ a question that just scratches the surface of the frustration that the client feels.

It is designed to get the client talking. You wonโ€™t know where the conversation will lead to, but it will open up doors so you can understand your client better.

โ€œ๐™’๐™๐™–๐™ฉ ๐™ฌ๐™ž๐™ก๐™ก ๐™๐™–๐™ฅ๐™ฅ๐™š๐™ฃ ๐™ž๐™› ๐™ฉ๐™๐™š '๐™ฅ๐™–๐™ž๐™ฃ' ๐™ž๐™จ ๐™ก๐™š๐™›๐™ฉ ๐™ช๐™ฃ๐™˜๐™๐™š๐™˜๐™ ๐™š๐™™?โ€

Once youโ€™ve identified a pain point, it helps to know what kind of havoc it is wreaking on your client. Could it be costing them time and money, or just distracting them from other things?

By asking this question, it helps you assess the risks of doing nothing against the benefit of making a change. It will also give you some insight into the clientโ€™s motivation for wanting to make changes.

โ€œ๐™’๐™๐™–๐™ฉ ๐™๐™–๐™จ ๐™ฅ๐™ง๐™š๐™ซ๐™š๐™ฃ๐™ฉ๐™š๐™™ ๐™ฎ๐™ค๐™ช ๐™›๐™ง๐™ค๐™ข ๐™ง๐™š๐™จ๐™ค๐™ก๐™ซ๐™ž๐™ฃ๐™œ ๐™ฉ๐™๐™š ๐™ฅ๐™–๐™ž๐™ฃ?โ€

This question not only helps you identify the potential obstacles a client may be facing, but also what solutions they may have used in the past to try and address the problem.

This gives you an opportunity to follow up and ask about those experiences, what went wrong and what the client would have changed. Knowing the history will help you provide a better solution.

"๐™ƒ๐™ค๐™ฌ ๐™ฌ๐™ค๐™ช๐™ก๐™™ ๐™ฅ๐™ช๐™ฉ๐™ฉ๐™ž๐™ฃ๐™œ ๐™– ๐™ฃ๐™š๐™ฌ ๐™จ๐™ฎ๐™จ๐™ฉ๐™š๐™ข ๐™ž๐™ฃ ๐™ฅ๐™ก๐™–๐™˜๐™š ๐™จ๐™ค๐™ก๐™ซ๐™š ๐™ฉ๐™๐™š ๐™ฅ๐™ง๐™ค๐™—๐™ก๐™š๐™ข?

You may have the perfect solution to the clientโ€™s problem but if their expectations arenโ€™t realistic, they may never be happy with the results. This question is about gauging and setting expectations.

โ€œ๐™’๐™šโ€™๐™ซ๐™š ๐™›๐™ค๐™ช๐™ฃ๐™™ ๐™ฉ๐™๐™–๐™ฉ ๐™“ ๐™ž๐™จ ๐™– ๐™˜๐™ค๐™ข๐™ข๐™ค๐™ฃ ๐™จ๐™ค๐™ช๐™ง๐™˜๐™š ๐™ค๐™› ๐™ฅ๐™–๐™ž๐™ฃ ๐™›๐™ค๐™ง ๐™ค๐™ช๐™ง ๐™˜๐™ช๐™จ๐™ฉ๐™ค๐™ข๐™š๐™ง๐™จ. ๐™ƒ๐™ค๐™ฌ ๐™™๐™ค ๐™ฎ๐™ค๐™ช ๐™›๐™š๐™š๐™ก ๐™–๐™—๐™ค๐™ช๐™ฉ ๐™ž๐™ฉ?โ€

Some people may have a problem with pain point discovery and could use your guidance. They may have gotten so used to dealing with it, that they have forgotten that it is an issue.

This type of question helps by providing a frame of reference to the client. You are not trying to sell them anything or guide them to a specific topic. Instead, you are offering a topic of conversation and allowing them to open up about their unique problems in relation to a known pain point.

If you really want to make your client happy, donโ€™t pitch solutions based on guesswork. Take the time to talk to your clients. Ask open-ended questions and actively listen to their responses.

By focusing on pain point discovery, youโ€™ll learn more, and your sales will definitely improve. Remember to continuously tweak your marketing strategy once those pain points have been revealed.

3 ๐™’๐™–๐™ฎ๐™จ ๐™ฉ๐™ค ๐™จ๐™ฉ๐™ง๐™š๐™–๐™ข๐™ก๐™ž๐™ฃ๐™š ๐™ฎ๐™ค๐™ช๐™ง ๐™‹๐™–๐™ž๐™ฃ ๐™‹๐™ค๐™ž๐™ฃ๐™ฉ ๐˜ฟ๐™ž๐™จ๐™˜๐™ค๐™ซ๐™š๐™ง๐™ฎ ๐™ฌ๐™ž๐™ฉ๐™ ๐™ฎ๐™ค๐™ช๐™ง ๐™ฅ๐™ง๐™ค๐™จ๐™ฅ๐™š๐™˜๐™ฉ๐™ž๐™ซ๐™š ๐™˜๐™ก๐™ž๐™š๐™ฃ๐™ฉ๐™จโŒ ๐˜ฟ๐™ค ๐™ฃ๐™ค๐™ฉ ๐™ข๐™–๐™ ๐™š ๐™–๐™จ๐™จ๐™ช๐™ข๐™ฅ๐™ฉ๐™ž๐™ค๐™ฃ๐™จWhether you realize...
11/02/2023

3 ๐™’๐™–๐™ฎ๐™จ ๐™ฉ๐™ค ๐™จ๐™ฉ๐™ง๐™š๐™–๐™ข๐™ก๐™ž๐™ฃ๐™š ๐™ฎ๐™ค๐™ช๐™ง ๐™‹๐™–๐™ž๐™ฃ ๐™‹๐™ค๐™ž๐™ฃ๐™ฉ ๐˜ฟ๐™ž๐™จ๐™˜๐™ค๐™ซ๐™š๐™ง๐™ฎ ๐™ฌ๐™ž๐™ฉ๐™ ๐™ฎ๐™ค๐™ช๐™ง ๐™ฅ๐™ง๐™ค๐™จ๐™ฅ๐™š๐™˜๐™ฉ๐™ž๐™ซ๐™š ๐™˜๐™ก๐™ž๐™š๐™ฃ๐™ฉ๐™จ

โŒ ๐˜ฟ๐™ค ๐™ฃ๐™ค๐™ฉ ๐™ข๐™–๐™ ๐™š ๐™–๐™จ๐™จ๐™ช๐™ข๐™ฅ๐™ฉ๐™ž๐™ค๐™ฃ๐™จ

Whether you realize it or not, any preconceived ideas you may have about your client will influence the way you interact with them and could result in the following:

๐™„๐™ฃ๐™–๐™˜๐™˜๐™ช๐™ง๐™–๐™˜๐™ฎ - you may misinterpret their needs and concerns which could result in misguided advice or solutions that donโ€™t address their actual problems.

๐™ˆ๐™ž๐™จ๐™จ๐™š๐™™ ๐™Š๐™ฅ๐™ฅ๐™ค๐™ง๐™ฉ๐™ช๐™ฃ๐™ž๐™ฉ๐™ž๐™š๐™จ โ€“ you may overlook potential pain points that the client has not explicitly mentioned as clients donโ€™t always share everything on their own and one could miss the opportunity to provide additional value.

๐™‹๐™ค๐™ค๐™ง ๐™‹๐™ง๐™ค๐™—๐™ก๐™š๐™ข- ๐™Ž๐™ค๐™ก๐™ซ๐™ž๐™ฃ๐™œ โ€“ in order to be effective in solving a clientโ€™s pain points, one has to have a clear understanding of the problem itself. Assumptions will only lead to ineffective solutions.

๐™‡๐™–๐™˜๐™  ๐™ค๐™› ๐™€๐™ข๐™ฅ๐™–๐™ฉ๐™๐™ฎ โ€“ Pain points can often be deeply personal and assuming without listening can make your clients feel unheard or undervalued

โœ”๏ธ๐˜ผ๐™จ๐™  ๐™ฉ๐™๐™š ๐™๐™ž๐™œ๐™๐™ฉ ๐™Œ๐™ช๐™š๐™จ๐™ฉ๐™ž๐™ค๐™ฃ๐™จ

Unfortunately, there are no magic set of questions that have been designed to make pain point discovery the same across all industries. The types of questions you will ask will vary according to your business, your target market and the client that you are speaking to.

Every conversation is different.

The most important thing to do is to get into the habit of asking focused, open-ended questions. Not only are these perfect conversation starters, but they also allow for a more open and mutually beneficial discussion between yourself and your client.

What is meant by an open-ended question? Simply, it is a question that you cant answer with a Yes or a No and requires the respondent to explain the answer in their own words.

By leaving the question open-ended, you create an opportunity for learning.

Clients are able to think and converse more freely and they often learn as much from the discussion as you do, identifying pain points they didnโ€™t even realise existed.

โœ”๏ธ๐˜ผ๐™˜๐™ฉ๐™ž๐™ซ๐™š๐™ก๐™ฎ ๐™‡๐™ž๐™จ๐™ฉ๐™š๐™ฃ

In everyday conversations, it is not uncommon for friends to interrupt one another with random thoughts or related stories.

This is how we make connections.

However, when you are trying to discover a clientโ€™s pain points โ€“ interrupting is very counterproductive.

Stop talking and start to actively listen to what your client is telling you.

Make your connection by asking insightful questions. The more you engage and show you care about their problems, the more your client will be willing to share their experiences and challenges and the more you will learn.

After peeling back the layers, you may discover that you have experience and insight that will prove valuable to the client โ€“ information that you wouldnโ€™t have thought to share initially.

You may even find that the source of your clientโ€™s pain and frustration is in perfect alignment with one of your product offerings.

These 3 approaches will not only help you better understand your clients needs but also foster a more positive and collaborative relationship with your clients.

๐™‹๐™–๐™ž๐™ฃ ๐™‹๐™ค๐™ž๐™ฃ๐™ฉ ๐˜ฟ๐™ž๐™จ๐™˜๐™ค๐™ซ๐™š๐™ง๐™ฎ โ€“ ๐™ž๐™ฉโ€™๐™จ ๐™–๐™ก๐™ก ๐™–๐™—๐™ค๐™ช๐™ฉ ๐™–๐™จ๐™ ๐™ž๐™ฃ๐™œ ๐™ฉ๐™๐™š ๐™ง๐™ž๐™œ๐™๐™ฉ ๐™ฆ๐™ช๐™š๐™จ๐™ฉ๐™ž๐™ค๐™ฃ๐™จ!No matter what industry you are in, your products and s...
11/02/2023

๐™‹๐™–๐™ž๐™ฃ ๐™‹๐™ค๐™ž๐™ฃ๐™ฉ ๐˜ฟ๐™ž๐™จ๐™˜๐™ค๐™ซ๐™š๐™ง๐™ฎ โ€“ ๐™ž๐™ฉโ€™๐™จ ๐™–๐™ก๐™ก ๐™–๐™—๐™ค๐™ช๐™ฉ ๐™–๐™จ๐™ ๐™ž๐™ฃ๐™œ ๐™ฉ๐™๐™š ๐™ง๐™ž๐™œ๐™๐™ฉ ๐™ฆ๐™ช๐™š๐™จ๐™ฉ๐™ž๐™ค๐™ฃ๐™จ!

No matter what industry you are in, your products and services are designed to provide solutions to the problems your clients face.

So, why is it that so many of these carefully designed solutions fail to resonate with your target audience?

Is it because one is not spending enough time on what should be the very first step when meeting oneโ€™s client โ€“ Pain Point Discovery.

๐™’๐™๐™–๐™ฉ ๐™–๐™ง๐™š ๐™‹๐™–๐™ž๐™ฃ ๐™‹๐™ค๐™ž๐™ฃ๐™ฉ๐™จ?

Simply put, Pain Points are problems. They are the daily thorns in your clientโ€™s side and they can range for small frustrations to huge, complex challenges.

You must look at these as opportunities because they can give you a very clear indication of what your client needs most.

Sometimes one is so busy trying to play doctor, confident to relieve perceived paint points, that we never bother to ask the โ€˜patientโ€™ where it actually hurts.

To provide true value to your clients, here are some recommendations that we have found very useful in streamlining oneโ€™s Pain Point Discovery and to get more out of your conversations.

โŒ ๐˜ฟ๐™ค ๐™ฃ๐™ค๐™ฉ ๐™ข๐™–๐™ ๐™š ๐™–๐™จ๐™จ๐™ช๐™ข๐™ฅ๐™ฉ๐™ž๐™ค๐™ฃ๐™จ
โœ”๏ธ ๐˜ผ๐™จ๐™  ๐™ฉ๐™๐™š ๐™ง๐™ž๐™œ๐™๐™ฉ ๐™ฆ๐™ช๐™š๐™จ๐™ฉ๐™ž๐™ค๐™ฃ๐™จ
โœ”๏ธ ๐˜ผ๐™˜๐™ฉ๐™ž๐™ซ๐™š๐™ก๐™ฎ ๐™‡๐™ž๐™จ๐™ฉ๐™š๐™ฃ

In the next few posts, we will go into more detail about each of the above recommendations and look at some examples of open-ended questions you can start to use in your marketing strategy.

Unlocking success โ€“ Its More than Meets the EyeHave you ever thought about what is behind a person who is successful?I f...
09/28/2023

Unlocking success โ€“ Its More than Meets the Eye

Have you ever thought about what is behind a person who is successful?

I feel that Success is bit like an iceberg. We sometimes only see the tip, the end result โ€“ the achievements, the accolades and the milestone.

But I believe what truly makes a person successful goes far beyond the surface. Itโ€™s about their mindset, their resilience (big one), the lessons they have learned from their failures and the support they have had along the way.

Success isnโ€™t just about luck or talent. Its about dedication, hard work and a burning desire to pursue oneโ€™s dreams. It is about learning from oneโ€™s mistakes, staying committed during tough times and continually growing and evolving.

So, the next time you admire someoneโ€™s success, remember that there is a whole story behind it. A story that could be inspiring and educational.

Take time to find out more, get insight into their path to success. This could inspire you to embark on your own story, armed with a deeper understanding of what it takes.

Keep chasing your dreams.

If the past couple of years have taught us anything, it is to be more flexible, open minded and persistent when it comes...
07/28/2023

If the past couple of years have taught us anything, it is to be more flexible, open minded and persistent when it comes to reaching our goals.

If our original plan doesn't work, instead of giving up on our aspirations or settling for less, we should modify our approach and try different plans while keeping our high standards intact.

This way, we stay focused on our objectives and are more likely to achieve success by adapting to the challenges that come our way.

If your current offering is not working for the success of your business, donโ€™t change your goals about where you want to be, rather change how you will get there.

Think about changing your offering.

5 Red Flags that Advisers should be aware of when submitting a claim for their clientsLife insurance is about balancing ...
06/29/2023

5 Red Flags that Advisers should be aware of when submitting a claim for their clients

Life insurance is about balancing and managing risks. For insurers to offer clients sustainable and affordable cover, they need to price risk accurately.

Through the underwriting process, clients disclose information that enables the insurer to understand a clientโ€™s health status, along with their occupational, lifestyle and financial risks. This allows the insurer to make an informed decision about whether it can afford to take on the clientโ€™s risk.

Insurers also need to manage and assess risk at claim stage. This doesnโ€™t mean insurers are doing underwriting at claim stage or looking for reasons not to pay a claim. Insurers are in the business of paying valid claims and are obliged to honour the terms of the insurance contract.

However, it is essential to understand why a claim event occurred, to verify that it did occur and, sometimes, to understand the claim event in relation to the information that the insurer had available to it when it first granted the cover.

Insurers may pick up on certain โ€œred flagsโ€ when assessing a claim that may require further investigation. These red flags donโ€™t necessarily mean a claim wonโ€™t be paid or that the insurer suspects foul play, but the insurer may ask for more information or for further supporting evidence. And, in a small number of instances, this investigation may highlight an issue that requires the insurer to implement some measure of risk mitigation.

As a financial adviser, understanding these potential red flags can support a smoother claims process for you and your client, ensuring sound risk management and the fairest possible outcome.

1. If a claim arises soon after the policy was issued
For fully underwritten life insurance policies, an early claim may raise a red flag, particularly if the policyholder had no serious health concerns when he or she signed up. Of course, this depends on the type and size of the claim.
As non-disclosure and anti-selective behaviour are major risks faced by insurers, itโ€™s likely that insurers will request additional information, such as reports from the treating doctors and a medical scheme record, to rule out any concerns in this regard.

2. If a claim occurs soon after the client has made major changes to their policy
As with early claims, insurers may be concerned that a claimant who has recently made major changes to their life insurance policy may have been aware of a change in their health. The insurer may request additional information, over and above the standard claim requirements, before paying the claim.

3. If undue pressure is placed on an insurer to pay out a claim quickly without following process
Itโ€™s vital that insurers approach claims with urgency, doing their best to pay out the claim as quickly possible. Assessors are aware that families may be in urgent need of funds for a funeral, or that claimants may be in desperate need of a disability payment when they arenโ€™t earning an income. So, itโ€™s understandable that advisers or claimants may place pressure on the insurer to pay as soon as possible.
However, in some instances, insurers may experience undue pressure โ€“ sometimes to the point of harassment โ€“ to expedite the claim or cut corners in the process. When thatโ€™s the case, assessors may need to take particular care that the correct process is followed to ensure they donโ€™t miss critical information because theyโ€™re rushing through the assessment of the claim.

4. If there are strange discrepancies or inconsistencies in supporting documents
It does happen, albeit rarely, that invalid or fraudulent documentation may be submitted to an insurer in support of a claim. If assessors pick up any errors or inconsistencies in the official documents, such as identity documents or death certificates, they will take extra care to verify the authenticity of the documentation. For example, if a client died in a high-risk foreign territory, the assessors may contact consulates or embassies to verify the authenticity of the documents submitted.
Discrepancies that may raise a red flag for an assessor could include inconsistencies in the handwriting, font, or ink across the pages of the same document and between documentation from the same source. Spelling and grammatical errors, distorted logos, or inappropriate language, such as the incorrect use of medical terminology, may lead an assessor to double-check the veracity of the information received.

5. Death claims in strange or suspicious circumstances, particularly where the claimed amount is high
Insurers may raise a red flag if the circumstances surrounding a death claim are unusual or unclear, particularly where the death is as a result of unnatural causes and where the insured amount is especially large.
Assessors may request further information, such as a police report from the investigating officer, to rule out foul play.
Although it is rare for a beneficiary to be involved in the death of an insured person, it is not unheard of. In the first two years of a policy when su***de claims are excluded, insurers will also take a deeper look to rule out su***de as the cause of death.

If more than one of the red flags highlighted above are present, this is a definite indicator that great care needs to be taken to investigate the claim before it is paid.

Impact on honest clients
Life insurers are committed to paying valid claims to protect clients against the financial impact of life-changing events. However, the sustainability of the life industry would be at risk if insurers paid out potentially false or fraudulent claims without performing due diligence checks.

False and fraudulent claims, and issues such as non-disclosure and anti-selection, can lead insurers to pay out far more claims than they had priced for, which may lead to premium increases for all clients, with honest clients subsidising claims pay-outs for clients who should not have been paid out, or shouldnโ€™t have been granted cover in the first place.

Article by Clyde Parsons who is the chief innovation officer at BrightRock.

Consistency is one of the most important factors in achieving excellence. It is a trait that is often overlooked, yet it...
06/27/2023

Consistency is one of the most important factors in achieving excellence.

It is a trait that is often overlooked, yet it is the key to success in any field.

Consistency is what separates the average from the excellent.

When it comes to professional success, consistency can make all the difference. It is not enough to be talented or skilled in your field. If you want to achieve excellence, you must be consistent in your efforts.

This means showing up every day and putting in the work, even when you don't feel like it.

Consistency is also important in building relationships and developing your personal brand. By consistently delivering quality work and demonstrating your expertise, you can establish yourself as a thought leader in your industry. This can lead to new opportunities and career growth.

Consistency is the key to achieving excellence in any field.

By committing to consistent effort and delivering quality work, you can set yourself apart from the average and achieve professional success.

A commission split refers to the percentage of broker commission an adviser will receive from their brokerage or life co...
06/27/2023

A commission split refers to the percentage of broker commission an adviser will receive from their brokerage or life company.

It is important for a financial adviser to have a clear understanding of how their commission split works as this will have a significant impact on their earnings and the overall success of their business.

Furthermore, commission splits are a necessary aspect of the industry, which is used to cover the brokerage or life company's running costs, such as rent, salaries, FSCA costs, marketing expenses, etc.

Depending on the brokerage or life company, the commission split varies, with some offering more competitive splits than others.

A number of factors play a role in this, including
ยท Production
ยท Persistency
ยท Level of experience of the adviser
ยท Type of insurance being sold
ยท Size of policy written

By staying informed about the latest industry trends and best practices and working with reputable brokerages, financial advisers can ensure that they are earning a fair share of the commission while also providing their clients with the best possible service.

Do you know if your commission split is competitive or not?

Talk to us today to find out more.

Discipline is the foundation of success. It's the ability to consistently adhere to a set of rules and principles that u...
06/23/2023

Discipline is the foundation of success.

It's the ability to consistently adhere to a set of rules and principles that ultimately lead to growth.

Habits are the building blocks of discipline. They are the small actions we take every day that shape our lives.

When we have good habits, we are more likely to be disciplined in our approach to life.

Consistency is the key to making habits stick.

When we are consistent in our actions, we create a sense of routine and familiarity that makes it easier to maintain good habits.

Consistency is what separates successful people from those who struggle to achieve their goals.

When we combine discipline, habits, and consistency, we create a formula for growth.

Growth is the natural result of sustained effort and dedication. It's the reward for our hard work and perseverance.

So, if you want to achieve success in life, start by focusing on discipline. Build good habits and be consistent in your actions. With these three elements in place, you'll be on your way to achieving your goals and realizing your dreams.

Remember, discipline leads to habits, habits lead to consistency, and consistency leads to growth.

As an insurance broker, having a constant supply of high-quality leads is crucial to your success.Without leads, you can...
06/22/2023

As an insurance broker, having a constant supply of high-quality leads is crucial to your success.

Without leads, you can't grow your business in this competitive market.

And without high quality leads, you can't grow your business sustainably and profitably.

Why is this? Because high quality leads are the lifeblood of your business.

They are the people most likely to become your customers and most interested in your products and services. And they are the ones who refer others to your business.

Without high quality leads, you'll find yourself constantly struggling to find new customers.

You'll spend more time and money on cold-calling, marketing and advertising, and less time meeting with clients and selling insurance. And to make matters worse, you'll compete with other brokers looking for new customers.

But with a constant supply of high quality leads, you can focus on what you do best: selling insurance.

You can spend more quality time with customers, building relationships built on trust. You can offer a more personalized service and advice. And you can grow your business in a sustainable and profitable way.

So if you're an insurance broker, making sure you have a constant supply of high quality leads is crucial.

Build relationships with your customers and encourage them to refer others to your business. And most importantly, always focus on providing the best possible service and advice to your customers.

Talk to us to find out more about getting High Quality Leads for your business.

As a financial adviser, owning one's own book is a key driver to building a successful and sustainable business and futu...
06/21/2023

As a financial adviser, owning one's own book is a key driver to building a successful and sustainable business and future.

Here are 5 key reasons why owning your book should be a crucial part of your offering

1. Long-term Investment โ€“ through generating a steady stream of passive income you are building something that can provide for you and your family for years to come.
2. Building an asset โ€“ that can be sold or passed down to future generations
3. Portability - you can take it with you wherever you go. You are not tied to a particular agency or company, which means you can move your business as you see fit.
4. Independence - by building a large and diverse book of loyal clients, you can ensure a steady stream of income that is not dependent on any one client or company
5. Growth - it allows you to build a loyal client base that generates referrals and repeat business.

By focusing on developing a solid client base and building long-term relationships, you can position yourself for long-term success in an industry that is constantly evolving.

So if you're a financial adviser looking to build your practice, take the time to invest in developing your own book of clients - it's the key to building a successful and sustainable business.

What steps are you taking today to ensure your business grows every day to achieve your goals?One of the steps we believ...
06/21/2023

What steps are you taking today to ensure your business grows every day to achieve your goals?

One of the steps we believe is important is to evaluate your current offering and assess whether it is still competitive or not.

As a starting point, there are 5 key elements to an offering that one needs to consider that can make a huge impact on your business growth

ยท Constant source of high-quality leads
ยท Competitive commission split
ยท Owning your own book
ยท Ability to offer a wide range of products/services
ยท Offering your clients the best financial solutions

By understanding the importance of these 5 key elements and finding offerings that incorporate them, you can make a huge impact on your business growth.

You can increase your client base, generate more revenue, ensure your financial stability and build a business you can be proud of!

At The Placement Specialist we specialise in helping you find the right offering for you and your business.

Let us help you find the Perfect Fit.

This simple phrase has become a mantra for many in the business world. It speaks to the idea of taking action, regardles...
06/15/2023

This simple phrase has become a mantra for many in the business world. It speaks to the idea of taking action, regardless of your current circumstances. No matter where you are in your career or life, you have the ability to start working towards your goals.

If you're looking to make a change, but feel like you don't have the right resources or experience, remember that you can use what you have. It's easy to get caught up in what you don't have, but focusing on your strengths and assets can help you take the first step towards achieving your goals.

And once you've taken that first step, remember to do what you can. It's not always about making huge leaps and bounds. Sometimes it's about taking small, consistent actions that move you closer to your goals.

So, whether you're starting a new business, changing careers, or simply looking to improve your current situation, remember to start where you are, use what you have, and do what you can.

You will be surprised at how far that mindset can take you.

Are you searching for a supportive environment that understands your unique challenges as an insurance broker? Look no f...
06/12/2023

Are you searching for a supportive environment that understands your unique challenges as an insurance broker?

Look no further!

We at The Placement Specialists offer a close-knit community, expert guidance, and unwavering support to help you reach your full potential.

Connect with us and experience the difference.

Walking the Tightrope of ChoiceSuch a powerful statement especially as South Africans where every day we are presented w...
06/09/2023

Walking the Tightrope of Choice

Such a powerful statement especially as South Africans where every day we are presented with a fresh set of hurdles that we must confront and overcome.

Over lives are full of opportunities and choices. Each day weโ€™re presented with a variety of options that can help shape who we are and where weโ€™re going. However, the challenge of choice can be daunting; walking the tightrope of choice can be difficult.

Making the right choices arenโ€™t always easy and it can be hard to know whether the decisions we make are going to be beneficial or detrimental in the long run. Itโ€™s important to take the time to weigh the pros and cons of each choice and to think through the potential outcomes.

We should also remember that while making the right choice isnโ€™t always easy, itโ€™s always possible. Itโ€™s important to stay focused and to not get overwhelmed.

Taking the time to reflect on our options and the potential consequences can help us make the best decision for ourselves and our future. Choosing the right path isnโ€™t always easy, but itโ€™s worth it in the end.

Walking the tightrope of choice can be difficult, but with the right mindset and the right approach, itโ€™s possible to make the best decision for ourselves and our future.

At The Placement Specialist, lets help you make the right choice.
Contact us Today

Are you considering working for an Independent Insurance Brokerage instead of a Life Insurance Company?To help with your...
06/09/2023

Are you considering working for an Independent Insurance Brokerage instead of a Life Insurance Company?

To help with your decision, here are 6 key benefits we think you should keep in mind:

1. PRODUCT DIVERSITY
Independent insurance brokerages typically work with multiple insurance carriers, allowing you to offer a wide range of insurance products to your clients.

This gives you the ability to find the right policies that match your clients' needs, rather than being limited to the offerings of a single company.

2. CLIENT-CENTRED APPROACH
As an independent broker, you have the flexibility to prioritize your clients' interests above any particular insurance company. You can objectively assess various insurance companies and their policies to provide your clients with the best coverage options.

This approach that centres on your clientโ€™s needs often leads to a stronger client relationship and higher trust.

3. CUSTOMIZATION AND TAILORED SOLUTIONS
As an Independent Broker, you have the freedom to design insurance solutions to meet the unique needs of your individual clients.

With access to multiple carriers and their diverse product portfolios, you can customize coverage options, policy terms, and premium rates. This will enable you to create personalized solutions for your clients.

4. COMPETITIVE PRICING
By working with multiple insurance companies, you can compare rates and coverage options across various carriers.

This enables you to find competitive pricing and negotiate on behalf of your clients, helping them secure the best possible premiums while maintaining appropriate coverage.

5. ONGOING SUPPORT AND SERVICE
Independent brokerages often provide ongoing support and service to their clients, helping them with claims, policy changes, and other insurance-related needs.

As a broker, you can build long-term relationships with your clients and provide assistance throughout the life of their policies, fostering customer loyalty and satisfaction.

6. PROFESSIONAL INDEPENDENCE
Working as an independent broker offers professional independence and autonomy.

While you may still have to comply with regulatory requirements and industry standards, you generally have more flexibility in managing your business. This includes selecting the carriers you work with and shaping your own brand.

It's important to note that working for either an Independent Brokerage or for a Life Insurance Company as an agent has their own advantages and considerations.

Assessing the benefits alongside the potential downsides can help you make an informed decision about whether working for an Independent Insurance Brokerage aligns with your career goals and preferences or not.

To find out more about how The Placement Specialist can help you make the right choice, contact us Today

In Life, you always have a choice. Whether it's deciding which job to take, which path to follow, or which path to leave...
06/09/2023

In Life, you always have a choice.

Whether it's deciding which job to take, which path to follow, or which path to leave behind, it's all up to you.

You have the power to choose the direction you want your life to take.

Don't forget that you are the author of your own story, and you have the power to make it whatever you want it to be.

So, stay focused, stay determined and stay positive. There's no greater power than having choice - use it wisely!

Talk to us today to help you make the right choice!

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