Be The Doctor, Not The Pharmacist
In the medical industry, prescribing a treatment without first thoroughly diagnosing the illness with the patient, opens up the risk of a malpractice suit.
But in the advisory profession, it often feels easier to dispense the “medicine”, because you know instinctively how to solve the illness, given your years of experience and expertise.
A prospect has an initial conversation with you and begins explaining their situation, and you think to yourself: “Ah, I know that problem well… I’ve heard it a thousand times before… I know exactly the path to take towards the solution”.
Rather than doing a thorough deep dive into their issues in the first meeting, you ask some basic fact-finding questions, then head towards your onboarding process to move them forward.
It all seems fine in your mind, until at the end of the meeting, they become indecisive – unable to say “let’s do this”, then they ghost you.
Here’s the sequence of assumptions that can occur in your mind, allowing opportunities like this to slip through your fingers…
a.) You assume their problem was what they told you
b.) You assume it was unnecessary to diagnose deeply, on the spot
c.) You assume prescribing the “treatment” (and dispensing some of the medicine) would impress them with your knowledge and expertise, encouraging them to hire you
Why isn’t your prospect buying your confidence that you can solve their problem?
Because they’re not judging you based on your confidence in your solution, they’re judging you based on how much they feel you understand them.
Read that line a couple of times to let it sink in.
Your job is to build deep trust with them, and that comes from them feeling you understand their issues at a deep level – you “get them”.
This mis-match plays out over and over again in the advisory profession, and it’s caused by the entrenched industry mindset I affectionately call “the expert syndrome”.
Your prospect tells you about their problem and you attempt to prove you’re competent to solve it, therefore, it should be a “no-brainer” that you should work together.
That’s the complete opposite of the doctor mindset, which I describe as a “trusted authority-based mindset”.
This mindset takes the view that until the patient is ready to own their problem, no prescription or proposal of a treatment is appropriate (or even ethical).
How do you get the “patient” to reach the point of owning the totality, gravity and urgency of their situation?
By focusing only on helping them see the depth of their situation, the underlying problems that have caused it, and the impact of not solving it.
In other words, by making the initial meeting a problem-centric diagnostic process, not a solution-centric process.
Think about it…
A doctor primarily focuses on an extensive diagnosis.
After diagnosis comes prescription and then treatment – and that’s their “success” sequence.
It’s a matter of routine that patients accept this process, never questioning it or needing to go away and “think about it”.
If the patient isn’t ready or open to that process, there are plenty of other patients in need (the basic ingredient of being a trusted authority, is never having to chase opportunities).
The advisory profession needs to take a page out of the medical industry’s hand-book – because in reality, advisors are more than financial experts… they’re financial doctors.
You don’t need to wait for industry-wide reform before this shift happens, it will be too late by then.
To learn how to transform your sales process to operate like a doctor, order your complimentary book and consultation below.
If you're an ambitious advisor, with a defiant streak (following the crowd isn't your thing), who is overly reliant on referrals, with limited time and resources, but willing to grow and challenge your own thinking -- and you'd be happy with 1 – 2 new high-net-worth clients per month...
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In this ground-breaking new book, you’ll discover:
- Why does the sale hinge on a split-second decision!
- "Fit or No Fit" -- does it still work?
- Should you be skeptical of your prospect's agenda?
- Why do fact-finding questions break trust?
- How to differentiate yourself from other advisors
- Why "follow-up" should be banned!
- "We're talking to other advisors"
- Why you should be a financial "doctor" instead of advisor
Meet The Author
Ari Galper is the world’s number one authority on trust-based selling and is one the most sought-after sales conversion experts for advisors and business owners.
He is the creator of Unlock The Game®, a completely new revolutionary sales approach that overturns the notion of selling as we know it today.
Ari has been featured in CEO Magazine, SkyNews, Forbes, INC Magazine and Financial Advisor Magazine – and has been a featured speaker at the Financial Planning Association’s national conference.
His newest book, “TRUST In A Split Second!”, has become an instant best-seller among high-trust advisors worldwide.
With clients in over 35 countries, his global sales systems have become the most successful Trust-Based Selling systems of our time.
In a day and age where technology rules the selling world, for many growth-oriented advisors, deep trust has taken a “back seat” to the sales process.
Ari’s personal insights on how to build trust between buyers and sellers continue to break new ground in virtually every industry.
Ari has been on a mission for the last two decades to change the business world through trust as a foundational principle.
Through his sold-out talks all over the world and his in-house trainings for high-producing advisors, Ari has become the global ambassador to businesses all over the world.
He regularly connects with global business icons and leaders of industries seeking his counsel on how to infuse trust in their organisations and across their teams.
His work in the trust-based selling field, focusing on reversing control of the sales process, from buyer to seller, is considered category-of-one thinking, with over a two decades of proven execution and results.
