You can have a great seminar idea. But if five other financial professionals in your market have the same great idea on “Annuities” or “Social Security Mistakes” or “Retirement Planning” and if each of them is blasting out 5,000 mailers every month; your conversion rate will likely languish around .2%. Yikes.
It’s the competition.
Ignore what the other people in your market are doing at your peril.
Research your market first.
Call half a dozen of your ideal clients in as many different areas. These are the potential clients your competition is targeting in their marketing campaigns. Ask them to save all the seminar invitations they receive. Even take a box to each home prominently labeled “Seminar Invites for [Your Name].” In a month, go pick up the boxes, bringing a nice thank-you gift of course.
Your boxes will contain the invitations sent out by Leading Response, FTA, LeadJig, or others. You may see invitations created by advisors and printed locally. If you see one style that is dominating the market, consider using another so that your invite stands out.
What you are really looking for is one or more invitations being sent month after month. Odds are, invitations sent out repeatedly are the ones that are most likely drawing your target audience.
It’s time for a little research.
Is it an in-person dinner seminar, or a webinar?
What pain points does the invitation target?
Are there facebook ads? A LinkedIn event? Can you find it on social media? Note this as a single data point.
Next, go to the venue and take a look around.
Certainly do not RSVP for a competitor’s seminar. You would not want someone doing that to you. But there’s certainly nothing wrong with paying a visit to the restaurant or hotel on the night of the event. Walk past the registration table a couple of times. Are people showing up? Or is there a high number of no-shows? My guess is the room will be full.
Now you know what invitation is working in your marketplace. And you know what kind of channels the advisor used to promote it.
I’m not saying copy it, but certainly take into account the subject, invitation style, bullet points, audience demographics, location, etc.
We’ve taught for years that it’s easier to re-write than it is to write. We find this to be true for advisors who are trying to improve their own marketing efforts.
If you want to have a successful seminar, use the pattern of a previously tested, demonstrably successful seminar.