1261: Strategies to Retain More of Your Current Clients, While Also Focusing on Acquisition and Referrals by Ryan H. Law

Optimal Work Daily - Career, Productivity & Entrepreneurship

English - March 14, 2024 07:00 - 9 minutes - ★★★★★ - 181 ratings
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Episode 1261:
Ryan H. Law's article sheds light on the essential strategies for retaining current clients while also capturing new ones and encouraging referrals. He illustrates this through a personal anecdote of switching cell phone carriers, leading to broader insights on customer retention costs versus acquisition and the value of relationship-building in financial planning. Law offers actionable advice for financial advisors to engage with clients and their families meaningfully, emphasizing content marketing, educational workshops, and team diversity as key tactics for sustainable client relationships.
Read along with the original article(s) here: https://ryanhlaw.com/retain-clients/
Quotes to ponder:
"It is 5-7 times more expensive to get a new client versus keeping your current customers happy."
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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 1261:

Ryan H. Law's article sheds light on the essential strategies for retaining current clients while also capturing new ones and encouraging referrals. He illustrates this through a personal anecdote of switching cell phone carriers, leading to broader insights on customer retention costs versus acquisition and the value of relationship-building in financial planning. Law offers actionable advice for financial advisors to engage with clients and their families meaningfully, emphasizing content marketing, educational workshops, and team diversity as key tactics for sustainable client relationships.

Read along with the original article(s) here: https://ryanhlaw.com/retain-clients/

Quotes to ponder:

"It is 5-7 times more expensive to get a new client versus keeping your current customers happy."

Learn more about your ad choices. Visit megaphone.fm/adchoices