Intensive Coaching for Financial and Insurance Professionals | Build Confidence, Improve Communication, Lead

The Power of Introductions

It was 2019, and David had hit a plateau in his business as a financial advisor.

He started with what his manager called his “warm market”—his family—and took on a very few clients. But he was too uncomfortable to ask them for referrals, so he turned next to buying so-called “qualified leads.”

He was spending money he didn’t have for leads that turned out to be far less than qualified.  But he did get an occasional client from them.

David joined an early morning networking group in 2018, and made sure to be there every week, and that got him one new client over the course of the year.

But David had a young family to support and there just wasn’t enough money coming in to pay his bills. He was running up credit cards and paying his mortgage and other bills late.

I asked David to take another look at referrals and he became very uncomfortable.

“I don’t want people to know how bad things are and asking for referrals just feels needy,” he told me.

“Then let’s stop asking for referrals as a way to beg for business,” I responded, “and start offering clients a chance to help someone they care about.”

I explained to David that just that one shift—from asking for help to build his business, to asking people if there’s someone they want to give the opportunity to work with him—could open him up to great leads and make them easier to make them clients.

We worked on changing his mindset and the way he conducted the introduction conversation.  We also worked on how to get more out of networking and what it takes to get clients so engaged, they WANT to give you referrals.

After a few weeks, David announced that he had received two introductions and that one of them had already become a client—his first new client in over a month.

It’s 2022, and David is now earning  a comfortable mid-six figures. His bills are paid on time and he and his wife bought a new home two years ago.  David attributes all of these changes to the first lesson he learned about asking for introductions.

If you are not getting enough quality leads, and you’re also not asking people to introduce you because it feels awkward and uncomfortable, look at how you’re asking and who you’re focusing on. If your focus is on helping them help someone in their lives, you’ll feel much less uncomfortable and you’ll be getting the introductions you want.

Have conversations with clients and others about introducing you to someone you can help, and keep REACHING…


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