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How to Get a 95% Closing Ratio
By Ken Varga | May 28, 2008
Here’s an interesting question:
“I’m a personal lines insurance agent, and I would like to be able to have a 95% closing ratio, high retention, and a great system for getting my clients to give me referrals.”
All I can say is WOW. When I was in the insurance business, I created ways to prospect that were not normally done within the industry. Of course, back then, we also did not have compliance departments breathing down our necks, as most of the insurance agents have today.
Any of my readers can massage the suggestions I’m going to give here to fit their own industry or business.
The first thing I did was to create a prospect list. I started with 100, and then increased it to 1000 individuals whom I wanted as clients.
Then I accumulated articles and any other free information I could locate, and kept in touch with them over a period of at least one year. My thoughts were that if after one year, they still didn’t want to do business with me, then color me gone and out of their life.
By doing this, I developed a relationship with them. Of course I also created unique letters to send them with various forms of GRABBERS.
For instance, I created a letter like the following where I sent a shoe with the letter.
Jeff…Now You Can Increase Your
Net Worth By $1,000,000. Effortlessly!
(Include one Right shoe with your Letter)
Dear Jeff,
As you can see, I’ve sent you a “right” shoe with this letter.
I did it for two reasons:
First, because what I have to share with you is so important, I needed some way to make sure this letter got your attention.
Second, because I want us to start off on the right foot, I thought sending you the shoe was a good way for me to get my foot in your door.
Anyway, here is what this is all about…
(Continue with the rest of your offer)
Think of ways to adapt this letter to the product or service you are selling.
Another thing you can use is to offer my book, “10 Marketing Mistakes That Steal Your Cash” to your prospect and clients. Go to www.kenvarga.com/report.php and take advantage of the free book offer. It’s free and will bond you with your customer.
In prior blog posts, I gave you suggestions to the last two items of your question…high retention and a referral system. Refer back especially to the last post on “How To Create Lifelong Customers”, and to the post on April 26, 2008, “Growing Through Referrals”.
Topics: Attract More Clients, Business ideas, Closing Ratio, Customer Retention, Getting Referrals, Growing your business, Lifelong Customers, Niche Development, Search Engine Optimization, USP, Unique Selling Proposition | 1 Comment »
July 18th, 2010 at 8:02 pm
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