February 10, 2012 
         

"Driving" the Speed Limit



Brian H. Ashe, CLU
Tuesday, November 7, 2006

Let’s face it - we are all obsessed with speed.  From our cell phones to high-speed internet access, the infamous BlackBerry® and highly acclaimed TiVo; our need to get information, to always be accessible and to make everything move faster is how we are most comfortable conducting our daily lives.

 

As we hurry through life, most people do not realize that there are two different kinds of speed: transactional speed and relationship speed.  On average, the majority would agree that transactional speed can always be increased.  When we speed up transactions, we make our tasks shorter and our lives easier.  Unfortunately, this does not translate well into relationship speed. 

 

When it comes to building relationships with your clients, you have to be mindful of your expectations, how fast you are driving and in which direction you are headed. 

 

Relationship speed must be approached with caution.  In the life insurance business, our relationships with clients are largely based on trust.  We must pay attention to all signals and remember that these relationships cannot be rushed - no matter how quickly we would like to accelerate the process.

 

“The need for speed” will always exist.  The difficulty lies in creating a balance between transactional and relationship speed, and knowing when to switch to a different gear. 

 

I challenge you to slow down, evaluate your approach and stay within your speed limits.  Take the necessary time to build your relationships - you will be amazed at how fast your results improve!


READER COMMENTS
R.Stephen Ilango, Development Officer, Life Insurance Corporation of India (LIC of India)
Thursday, July 26, 2007

As the world around us demands more from us and as everything takes a great speed, it's quite natural that many sales people concentrate mostly on Transaction rather than relationship.

They want the transaction to take place in high speed. So they don't have time or the necessary patience to create the relationship...as Relationship always needs building trust, which seems to be a comparatively slow process.

Many sales persons do not realize the fact that there will be a waiting period to get any good yield as they concentrate only on Transaction speed.

The Transactional speed will yield immediate and short term results; the Relationship speed will yield long term and continuous results. But we need immediate reults too, as they will be the source of inspiration. So one has to concentrate on both.

The Relationship speed will fetch you a lot of well wishers who will become your advocates, who will be always working for you and supporting you.

If you concentrate on Transactional speed and succeed, people may support your product but won't support you.

So let's increase the speed of building Relationships which will increase the net work of our supporters and naturally our Transaction speed will pick up and we will be flying high as successful personalities.


READER COMMENTS
Brenda Mohammed
Tuesday, November 21, 2006

You are so right. Building relationships improves results immensely.
I read an e-book recently entitled "The Enlightened Salesperson."
The book teaches us to apply the Esoteric Sciences and Ancient knowledge to Modern Sales and Psychology. It is worth reading.
For more information please contact me at my e-mail address.




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