The Nature of Trust
Tip #2-06, June 2002

"Trust" is the answer most practitioners give when asked, "Why do your clients, centers and prospects do business with you?" Trust is a good answer, but woefully incomplete if you do not know its nature or how to develop it.

By definition, trust is a firm belief in the honesty, reliability, credibility and integrity of someone. It implies that the person trusted has a duty of care or custody to the one who trusts. The buyer who trusts puts faith in the advisor to act in the buyer's best interests, to be what the advisor claims s/he is, and to be giving competent advice. Trusting an advisor means putting stock in that person's advice. Trust is an action demonstrating faith in another.

When a sale is made–a transaction–the buyer is saying "I trust you and what you are saying now." When a buyer becomes a client and seeks additional advice beyond that given for the first few transactions, the client is saying "I trust you still." Some advisors have clients who trust them only. What dynamics lead to the trust in these relationships?

The more similar the people in a relationship, the more likely a trusting relationship will develop and endure. Of all the similarities that can be matched (style, language, manners, culture, income, residence, attitudes, interests, values, etcetera) the most important is values. Matching values does more to bind the professional–client relationship than any other factor. Values are most easily seen in language. Language is culture. Language is also words and style. The words you use and the style in which you use them can create or inhibit the formation of trust. After that, it is all a matter of doing what you say you will do, on time, every time.

Relationships are Two-way Connections

Advisors who refuse to reveal themselves personally to clients, centers and prospects miss the boat entirely. They do not give others the best opportunity to learn to trust them as people, which means they earn less trust as advisors than they can. Advisors are people. That's how most buyers see it. The buyer who seeks cold objectivity and facts gets his advice from books and tedious searches on the Internet. Buyers who seeks to be understood and then be presented with suitable recommendations gets advice from a person whom s/he trusts. Trust forms first from intuition. The first –and best–intuitive perceptions come from assessing similarity of values.

Mind your trust factors. Take care with your language. Reveal yourself by discussing your values. Not every person you meet is a prospect, but every prospect you meet is a person who needs to trust you.

Cindi Lauper sang it well in her hit "True Colors."

I see your true colors
And that's why I love you
So don't be afraid to let them show
Your true colors
True colors are beautiful,
Like a rainbow

© 1986 Denise Barry Music and Billy Steinberg Music (ASCAP)
All Rights Reserved

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Happenings...


There is a phenomenon in financial services that boggles my mind. It is that since I signed on for this life in 1977, I have met literally thousands of advisors who reject sending birthday greetings. They are too time consuming to do, too hokey or too overdone. In fact, few advisors take time to think of their clients and their clients' loved ones as individuals…and there is such an easy way to do this. The program is by Spectrum Unlimited, 2261 Market Street #276, San Francisco, CA, 94114, Phone 415-647-1070. They update it every year to offer you a new look and content. Go to www.clientbirthday.com and check it out. Two programs–(1) Professional News of the Past $89.95 which uses 7 databases, and (2) Cardware $149.95 full version which employs 18 databases–are both very good buys. Both versions are often on sale for less, and there are options that make checking it out at the website and then calling for the latest options and prices. Need a testimonial. My best client sends birthday letters with a page of very interesting historical details about your birth year, graduation year, etc. His clients love getting them. So do their children and grandchildren. What better gift than a memory that is important to you!



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This newsletter is designed and distributed by Kirk Lowe of Freedomarketing (faWebProfiler.ca). Content by John H. Melchinger
The Marketing Coach™

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