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Key Ways For Financial Services Business Owners to Find Leads and Decide Which Ones Are Worth Keeping



Credit Repair Business-2According to Forbes, the financial services industry is making a comeback due to marketing. Getting new leads, however, can sometimes be an expensive and tedious process — especially if you are doing digital marketing for financial services. There are a variety of ways to get new business leads, some even free like setting up a credit repair business. Let’s examine some ways you can start getting leads right away, as well as which ones are worth keeping. While some leads may result in financial bliss, others may have you chasing a path to nowhere.

1. Network Online and Offline

You are your best lead generator so talk to as many people as you possibly can – don’t be shy! You never know when someone may need your services, but they first need to know what services you have to offer.

Online Networking


Connect, connect, connect. Find as many people as you can that could be potential clients and partners. Once connected, be sure to drop them a note and include that you appreciate referrals too. Get creative and offer a bonus, fun gift, or payment for each person they send to you who becomes a client. No one likes a taker, so it’s nice to reciprocate and ask what you can do for them too. This builds professional trust and respect that may earn you their business.


Follow top industry sources, retweet, share, and comment. Capitalize on others’ audiences to gain more of your own followers who can be potential clients.

Offline at Industry Events and Meet Ups


These are another good way to build up your professional network.

Aside from attending conferences in the professional services industry, look for conferences that are happening in your area and go to places strategically placed near the conference center once it’s over for the day, like a nearby restaurant. You are bound to meet a flood of conference attendees, a large majority who may be out-of-towners, who could be potential new leads.

Community Events

Make the effort to get out and meet your community. Look for meetups and other local events where you can surround yourself with those who are most likely to use your services. The goal is to be top of mind so that when anyone in your community hears the word financial services, your name immediately pops up into their brain. You don’t have to be the mayor but it wouldn’t hurt to act like one.

Offline in Daily Life

Never underestimate the power of your day-to-day surroundings, no matter how mundane they may seem. The conversations you have standing in line at the grocery store, waiting in the doctor’s office, meeting new people while walking your fur baby at the dog park, or even commuting to/from work may prove to be your best leads.

2. Use Your Website

Be sure to have a professional-looking website that clearly states what you do and how you can solve a potential clients’ pain points. Include a call to action such as “Book a Free Consultation” that will direct people to a form to collect their information. This will serve as a valuable lead generation pipeline for you.

Digital Marketing for Financial Services

If you don’t have a clue where to start, there are many professionals out there to help in the area of digital marketing for financial services. A good place to begin if you attempt this on your own though is Facebook. There you can create a custom audience of exactly who you want to target, in your area or more expansive. Your custom audience can be divided by demographics, interests, industry, geography and more.

Become a Thought Leader

Even if you weren’t a total genius in school, if you know enough about your business you have all you need to get started on your path to becoming a thought leader. The more content you can get out about your industry, solving people’s pain points, telling your views on trends, forecasts, tips for people, the more you cement yourself as an authority in the financial services world.

Diversify Your Business Portfolio Offerings

Whether you’re a seasoned financial service professional or just starting out, competition for business is fierce. It’s imperative to find a way to differentiate yourself in order to stand out if you want to survive.

While you may already offer top-notch customer service, clients are demanding more these days and they are looking for a one-stop shop for all of their financial needs. One of the best financial services business ideas is to add credit repair services. By offering credit repair services, it’s the perfect solution to put you ahead of your competition, as well as provide you with a new lucrative revenue stream.

With credit repair in your financial services arsenal, you will:

  • Build client trust which turns into future referrals
  • Gain warm leads from your credit repair clients for other areas of your business without your marketing financial services
  • Help build LTV of your clients by 200 – 300%

Makes sense, right? If you offer more services, that’s more opportunities for your clients to keep coming back to you vs. having to look elsewhere. Best of all, the leads come to you!

So now that you know how to get all of these great leads, how do you know which ones are actually worth pursuing, and which ones are a waste of your time?

3. Identify the Leads to Keep, and the Ones to Let Go

How to start a credit repair business-6

Three Leads to Keep

1. The Investor: This lead has money to invest, but not much experience in doing so themselves. They may have new money via a tech industry job, recently inherited a sum, or have a new interest in planning for retirement or a 529 plan for college education for their kids.

2. The Inspiration Story: This lead has gotten back on their feet after some setbacks (medical problems, divorce, or other life challenges) and, although they don’t have very much saved, they are working hard to gain back what they lost and build a life for themselves and legacy for their family.

3. The Couple: You’ll spend more time up front scheduling the appointments, but you’ll gain it back tenfold when you have two people rather than one committed to a financial plan and shared goals, earn both of their trust, and get access to their network of friends and family as referrals.

All of these leads have the greatest chance to lead to the big cha-ching, so pursue them hard. And no matter which type of client they are, they all can use credit repair services to free up more income, which means extra cash for you!

Three Leads to Let Go

1. The Questioner: This lead will ask you for a lot of free financial advice, but is not likely to take advantage of your paid services. You can recognize this one because, by the second phone call, you’ve fielded a lot of questions, but have no meeting set up to begin the process. Stay clear of this freebie!

2. The Jerry Maguire: This lead will have you saying “Help me, help you” more times than you want. After a while, you’ll end up realizing that this person won’t take your advice because they probably don’t know what they want and aren’t willing to make a choice of how to invest or manage their finances. Avoid running around in circles and just run away!

3. The Professor: She likes to tell you all about her experience with investing and financial planning, and you begin to wonder why she hired you at all. Most often, these leads want someone to cosign on their plans and lack the confidence to make the choice on their own. Unless you are a fan of being regaled with tales of financial been-there-done-thats, let this one go. They will pay you to cosign their plans, but you won’t gain any referrals nor much experience.

Now that you know how easy it is to get leads, and free leads with a credit repair business, as well as which leads to pursue, you’re ready to start making money! But just how much exactly?

Learn how easy it is to set up a credit repair business and how much money you can start earning right away with this simple profit-earning calculator.

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Understanding Bitcoin as an Investment



bitcoin as an investment

Analyzing Bitcoin as an investment

Bitcoin has been at the forefront of financial news for a while now. More people want to also understand bitcoin as an investment. Every day, more and more talk about Bitcoins is occurring, not only as a digital currency but also as a financial investment.  Many people are intrigued by this digital currency, but they also have reservations about it as well.  For now, we will discuss how to evaluate bitcoins as an investment.

There are Bitcoin exchanges, just as there are stock market exchanges.  As of November 2017, the largest full-trading Bitcoin exchanges that are available to everyone include, Bitstamp (a Slovenia based exchange), Bitfinex allows you to swap or buy Bitcoin, Litecoin, and Darkcoins. Coinbase is based out of San Francisco in the United States and touts itself as a one-stop solution for Bitcoins. Cryptsy, based in Florida deals with most of the altcoin currencies. BTC-e (based in Bulgaria), and Kraken (based in the United States).  The world’s largest Bitcoin exchange, BTC China, is based in China, but that exchange only allows exchanges of bitcoins for Chinese Yuan/Renminbi.

bitcoin as an investment

In order to open an account with these exchanges, you usually have to link a bank account to your Bitcoin exchange account, as you need to wire transfer the money for bitcoins to use in your account.  Credit cards and PayPal are not options [at least not at the time of writing] because the transactions can be reversed very easily, whereas a wire transfer cannot be reversed (Need financial advice on this?)

Usually, only bank accounts from that specific exchange’s home-based country can be linked to the exchange account (for example, CoinBase, based in the U.S., only allows U.S. bank accounts).

Like the financial stock markets, bitcoins fluctuate in value against real currencies such as the U.S. Dollar, the Euro, the Japanese Yen, and others.  One important distinction between Bitcoins and real currencies to this point in Bitcoin’s history is the fact that Bitcoin’s valuation has been much more volatile than real currencies.

In December 2013, Bitcoin’s valuation went from about $675 down to about $425 within twelve hours, about a 37% drop in valuation.  That is virtually unheard of with any real currency (barring something major like The Great Depression or some other major economic event).

The reason that this sharp drop in valuation took place is that the People’s Bank of China told third-party payment processors that they should have nothing more to do with Bitcoin exchanges.  As a result, Bitcoin kept getting cut off from being supplied by the payment processors; in fact, Bitcoin was cut off by three payment processors inside of a week.  Banks have also been told to not deal with Bitcoin any longer.

This event reflects the major concern that most financial experts have about the currency.  Many feel it is too volatile as an investment, leading to sharp price spikes and declines that are virtually not seen in other currencies, the equity market, or mutual funds.  Most financial experts feel that the digital currency must stabilize in value and not be so prone to such rapid peaks and valleys for it to be taken more seriously as a solid investment.

In the past, the problem that many financial experts and institutions have had with Bitcoin is that not enough is known about how the currency is mined and how it is “regulated”, so that the currency stays on track of having 21 million bitcoins in the year 2140.

While safeguards are in place to keep the currency on that path, there have been attempts to try to disrupt the network and give a few select bitcoin miners the ability to mine as many coins as they wish.  There has also been concern that a group of miners could combine together, and work toward their mutual benefit, and to the detriment of everyone else on the network. This would occur by harnessing their mining power to get more coins for themselves and leave little to the rest of the network.

Some will always question and doubt how legitimate of a currency Bitcoin is, including its true valuation.  This is likely due to the fact that Bitcoin was the first digital currency, and financial experts are unsure of how to truly evaluate its worth.

More and more companies are starting to accept it as payment, but not enough is known about the mining process and how it can maintain itself to fulfill the promise of 21 million bitcoins in the year 2140.  Plus, Bitcoin can be susceptible to wild value peaks and valleys whenever an event associated with the network takes place, such as when Chinese third-party payment processors and banks are told to not deal with Bitcoin exchanges.

Large companies such as Stripe and Shopify are now accepting Bitcoins as payments. This trend is only going to increase.

However, in 2017, one Bitcoin is valued at over $7000 US dollars. So, it has gained ground as an accepted currency in the digital world and does have a high-value these days.

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What Baby Boomer Retirement Means for New Financial Service Professionals



financial services market trendsBaby boomers are aging, and their retirement is making way for newer financial service entrepreneurs. With more jobs opening up and the digital world changing at an accelerating pace – professionals starting their career are in an ideal position.

A retiring generation not only means a new workforce, it also means new ideas and methods that can further modernize the financial service industry. Read on to learn how baby boomers phasing out of the industry, along with new technology in the financial services market, is setting up financial service professionals for success.


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5 Ways That Credit Repair Benefits Financial Services Businesses



financial services business opportunities (1)Are you looking to add a new offering to your business skill set? Credit repair is an in-demand service that goes hand-in-hand with other financial services. Not only can repairing credit for your clients increase your revenue, it can also help you retain clients for other financial services. Read on to learn five ways credit repair can benefit your financial service business.


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