Traditional client appreciation events often are inexpensive banquets at best and poorly masqueraded sales seminars at worst. Either one can serve a useful business purpose, but consider hosting a slightly different client event – a event based upon “purpose.”

Recently I visited with a financial advisor in the mid-south who takes a novel approach to client events. This advisor sponsored a golf tournament; nothing unique about that. What made it unique was it was a charity event tied to a major national charity – The V Foundation. From the Foundation website: “It has been just 17 years since The V Foundation for Cancer Research was founded by ESPN and Jim Valvano. And what significant work has been accomplished during that time! Since 1993, The V Foundation has raised more than $90 million and awarded cancer research grants in 38 states and the District of Columbia. Researchers have developed their laboratories and taken their science from the labs to the clinics with the help of funds raised by The V Foundation.”

The event was replete with unique gifts from national sports celebrities, creative hole sponsorships, and appearances by regional sport icons. Clients loved it, and the event drew a huge number of affluent prospects. In addition, considerable publicity mentioning the advisor’s name offered significant favorable exposure.

This advisor used this event for a good purpose. A wonderful charity received tens of thousands of dollars, and the advisor is viewed as someone who puts something back into his community and society. Consider this type of client event next time you decide to host another boring chicken dinner.

LinkedIn® provides professional services marketing and sales people with a wonderful tool for building and expanding relationships and growing business. Consider the following tips for maximizing the use – and profitability – of one the top business building tools on the Internet.

This daily game plan has 8 steps and takes 15 – 20 minutes.

1. Comment on Comments – Show your connections you are paying attention.
2. Make recommendations – If you have not made a recommendation for a connection, DO SO if at all possible. Please make sincere recommendations; remember, your name is on the line. If you cannot recommend someone in good faith, don’t do it.
3. Make your profile publicly available – While you can set the information which is publicly available to non-members/contacts, be careful with blocking too much information as this will also be unavailable to the search engines. As a minimum, consider providing enough information for the search engines to index your profile and cache the external links you have listed! In terms of optimizing your profile, the main goals are normally to rank for your own name, company name and possibly industry keywords related to this.
4. Comment on Profile Updates – Congratulate others on promotions and awards, inquire about other changes, and always offer assistance.
5. Check your Inbox – Respond to requests and messages in a timely manner.
6. Look in the “People You May Know Section” – Find new connections and leads.
7. Check Your Groups – Look for new discussions, answer questions, and look for other items of interest. Ask questions to gather information and open new relationships.
8. Use LinkedIn® Answers – This can help to build up your reputation within a field. For SEO it also builds the number of internal links pointing to your profile from within LinkedIn, therefore helping to strengthen your profile in the search engines!

A word of warning: LinkedIn® is a tool, not a religion. Relationships are still made person-to-person, not digitally. You can receive an introduction or introduce yourself on the web, but true relationship building comes from personal interaction. LinkedIn® and other social media sites help maintain and grow relationships. In a busy world, that is truly priceless!

As a professional speaker, marketing consultant, business coach, and high level-sales trainer, I meet with a wide variety of salespeople and consultative advisors. This week one of my engagements was to the mutual clients of a retirement plan distributor and a third-party retirement plan administrator, or TPA. One of the points that was discussed of the flaw of SBS© or “Selling By Spreadsheet©.

Too many so-called advisors feel they are providing value by selling cheapest as best.  Advising is really telling a client what is the best solution to their problem. Sometimes price comes into play, but if you are selling a service, usually the main selling point is the quality of service, not price. When you sell price your biggest risk is someone else can do it even cheaper, and if you look hard you can always find it cheaper!

A recent commercial by Office Depot says it well. The commercial depicts a barber shop best by a cheaper competitor, and how they address the challenge. When faced with a shop across the street offering $6 haircuts, they counter with a sign that says, “We Fix $6 Haircuts.”

So what’s your story? Build a defining statement that truly demonstrates your value as an advisor, and quit positioning yourself as the cheapest alternative. Position yourself as the best alternative.

Good selling!

To see the Office Depot Commercial, click HERE.