If the data is correct, the average age of a top-performing Financial Advisor is 62. For those of you who’ve taken a statistics course, that is about as bad as things get. The insurance industry is going to find its back against the wall within two years.

Every week I personally make a series of client service calls. My team thinks I’m crazy for doing it because it takes time. But I’ve been doing it for 16 years now and every week I learn something. (Besides, deep down, I’m a sales guys who likes talking with my clients.)

I was talking with a General Agent client, Harry, last week. He was telling me that the average age of a top-performing Financial Advisor at his agency is 32. He’s got two agents who’ve won his company’s top performer awards.

Harry is MDRT and he told me that at least 4 of his agents will end up MDRT.

I asked him why his agents are so young compared to the industry average. Without a pause, he said, “Your Advanced Hiring System is the key. It helps me spot the best talent without any prejudice. Before we used Advanced Hiring we did what every other insurance agency does. Their standardized testing sucks compared to AHS. Plus they start out looking for the wrong things.”

If you’re an insurance agency looking for talented applicants for the key Financial Advisor role, click here

Insurance companies have whole teams of analysts who know better than anyone why an aging sales team spells trouble. The key to recruiting younger team members is to start with a proposition that interests them.

Take a look here for some fast answers

Video Rant #1

You know what I hear a lot from sales managers? They tell me they’ve had a stable sales team for YEARS.

And you know what I think when I hear THAT? “Does this guy have ANY IDEA he’s got ZERO account innovation going on?”

I guarantee you, a stable sales team means that a HUGE percentage of your sales team members are calling on the SAME prospects and clients, month after month after month. There is a WAY bigger potential market out there for your company. But unfortunately, NOBODY on your team is touching it!

Thirty years ago, I started a company called Radio Profits Corporation. I had a lot of experience inside radio sales departments at several radio stations. And every place I had worked, I saw radio salespeople calling on the SAME ACCOUNTS, month in and month out.

You know what that means? EVERYBODY in sales was just staying in their comfort zone. NOBODY was actually prospecting, because prospecting is a lot of work!

So I created Radio Profits Corporation to call on non-traditional advertisers who were looking for new business.

And of course, we found a TON of them, over and over and over.

The point is NOT what we did at Radio Profits. The point is that the MOMENT a sales manager stops bringing in aggressive NEW salespeople, you START creating a stale culture.

You have a vast market of potential NEW clients out there. But your stable sales team will ALWAYS tend to stay in their comfort zone. And the hard work of prospecting is NOT in that comfort zone.

The ONLY way to bring in a consistent stream of NEW business every month is to build a system to bring in a constant flow of aggressive new salespeople. THOSE people will go out and bring in that new business for you.

Your smartest and most profitable next step is to use Advanced Hiring System to help you set up a system to consistently boost your sales team with NEW superstars.

This is Alan Fendrich at Advanced Hiring System. Give me a call.

Hiring Salespeople Who Perform Well After the Interview

Have you hired too many salespeople who were great during the interview, but who failed? Were you sure during the interview they were “handling themselves so well”, that they just had to be the one? Did you feel yourself sold on them in the interview?

Allowing yourself to sell or be sold in the interview is a fatal mistake.

Pretend You’re an Engineer – Adopt the “Engineer Persona”

It’s tough for us sales managers not to get fired up in the interview. Our enthusiasm and natural persuasiveness got us to where we are.

Selling is our “default setting.”

But to do well in sales hiring, you’ve got to get out of the “Salesperson Head.”  Instead, the best mindset to use in interviewing is the “Engineer Head.”

What a 62 Year Old Engineer Taught Me About Making Good Decisions

When I was first in sales, my customers came from many backgrounds. One in particular, Jacque, controlled a large ad budget for a technology company. Jacque was an engineer.

I wanted to get a hunk of his budget for our Rock and Roll radio station.  I knew our audience would respond to his offer and I knew I needed a big budget to make it work. No one had come close to cracking the account.

While I was presenting, he was impossible to read. I was sure I was getting nowhere with him during my presentation. He kept looking down at his desk. He seemed bored.

You know what THAT feels like in a sales presentation. I wanted to stop in the middle, because I “knew” he wasn’t buying.

I got to the end. Silence. I couldn’t think of anything to say.

Finally he looked up and said that it sounded good.  And he bought. And that is how I sold Jacque and brought in the largest annual contract ever.

I was 22 years old and I learned an important lesson. 

Jacque taught me why it is so important to stay clear on your goal. And don’t let your emotions control the decision process.

Too many sales managers make the fatal mistake of turning the interview into a sales call.

Stop getting tricked in the interview by scripting your interview. Break your interview down to sections. Each section needs to cover a key personality characteristic.

• Stick-to-it-iveness
• Entrepreneurialism
• Ability to overcome adversity

We’ve put together a video. Watch it and see how to construct an interview that gets you salespeople who perform.

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