Over the past year at XY Planning Network, we published more than 100 articles specifically written for independent financial advisors on a wide array of topics from business building to branding.
Interested in catching up on some of our most popular blogs you may have missed?
We've got you covered with a list of our top 10 most-viewed blogs published in 2018. This list includes everything from an article offering practical hacks that will help you market your firm like a pro to a reflective piece that explores the stigma surrounding lifestyle practices.
Happy reading from XYPN!
Four of us marketeers on the team are tasked with marketing the Network to prospective members, plus one marketing guru assists XYPN advisors directly with marketing their firms. From Boston to LA, we're a dispersed team with no two in the same city and with very different paths to XYPN.
Many of our favorite marketing tricks and tips are things we picked up along the way, from coast to coast.
So, in no particular order, here are 18 marketing hacks we love, and think you'll love too.
Remember, a majority of employees decide in their first 6 months if they’ll stay with a company long term. Because hiring is one of the most expensive initiatives you may do during any given year, you can understand why having a clear plan for new team members is so dang necessary. You just invested so much time finding the ideal candidate; the last thing you want to hear sixty days later from him or her is, “I think I’m going to move back home.”
Enter the 90-day plan. Every new XYPN staff member receives a 90-day plan to introduce him or her to our culture, primary tasks, position goals, and a timeline to complete each. A 90-day plan offers a clear line of sight on responsibilities and expected progression in the job. It helps to transparently track and visualize progress and promotes autonomy, self-direction, and accountability.
Drumroll, please... Six finalists have been selected to compete in XY Planning Network's 3rd annual FinTech Competition on Tuesday, September 25, 2018 during XYPN's annual conference, XYPN LIVE 2018 in St. Louis, Missouri. XYPN's FinTech Competition helps start-ups "move out of the garage and gain visibility," and encourages much-needed innovation of business-to-business solutions in the financial advisory space.
XYPN invites conference attendees to watch the competition live in St. Louis, where they will experience an exciting preview of cutting-edge technology.
The top six contenders were chosen from a strong pool of applicants. The popular competition, sponsored by Ladder, drew more than 20 submissions. To be considered, the technology must be designed for financial advisors and support delivering financial planning services to Gen X and/or Gen Y clients.
That is the premise of the “Entrepreneur Myth,” or “E-Myth” for short, a term coined by author and business guru Michael Gerber. Gerber will be exploring the E-Myth, and how you can overcome it and find success, at XYPN LIVE 2018 in St. Louis this September.
Gerber has helped transform more than 100,000 businesses across the globe over the past 40 years. His New York Times best-selling book, The E-Myth Revisited, has sold more than five million copies and is one of the five top-selling business books of all time.
His goal? “To transform the state of small business worldwide.”
He’s off to a heck of a start.
#5. 15 Free Branding Resources for Financial Advisors
Many business owners convince themselves that investing in visual appearance is unnecessary, or that it can wait. But your branding can take your business to another level simply by speaking to your clients’ interests, values, and pain points through design, imagery, and tone. Even something like the right choice of colors can influence a prospective client’s judgment.
While you may not have the budget to support a visual brand created by an expert graphic designer or brand strategist, there are so many online tools that can help you shortcut the process—and the cost—of building killer visual content without sacrificing quality.
There’s often a stigma around running a lifestyle-oriented financial planning practice. I’ve heard several negative things about this idea, including:
Lifestyle practice owners aren’t running a “real” business.
A lifestyle practice is a great option for people who don’t want to hustle.
Building a business takes a lot of time and effort, and if you’re not willing to give it everything, then you won’t be successful.
Wow. None of this is accurate.
What is Prospecting?
In my mind, prospecting is essentially outbound marketing. The goal when prospecting is to chase people that may or may not be interested in the services you offer and, ultimately, convert them into clients. One classic (if a little bit cliche) to view prospecting is the cold calling or door-to-door sales people that branded themselves as financial planners.
I’ve seen many marketing plans during my time as a ‘marketeer’ with XYPN that have more bark than bite. They tend to be too fluffy, too basic, or too high-level to be useful on the front lines. Large companies have marketing plans with hundreds of pages including an executive summary, an analysis of the market situation, a SWOT analysis, and more. I wouldn’t dissuade you from working on any of those pieces if they’re meaningful to you, but keep this in mind: large companies have teams of people putting together their marketing plans and they spend at least a couple of months doing them.
If you aren’t in the third group, you are missing out on a powerful tool that I used to strengthen the onboarding process at my firm and to streamline my social media curation strategy. I went from learning about Zapier to consulting with RIAs on the power of Zapier in their firms. I discovered many entrepreneurs fall into the second group.
In this article, I will give you five ways you can leverage Zapier to accomplish one of these lofty goals: make your firm more efficient, improve your brand awareness, or increase your revenue.
XYPN members are fantastic when it comes to sharing the movement. For that, we adore them. If you’re one of our beloved members, you are already familiar with some common misconceptions about XY Planning Network, such as “all members are 25” or “XYPN advisors don’t manage assets.” I’ll address these misconceptions here so we can all get on the same page and make life a little easier for our marketing team.
Thanks for stopping by XY Planning Network! There is a whole lot more helpful, free content for independent financial advisors on XYPN Radio, Michael Kitces's Nerd's Eye View, and the Bean Blog by our friends at FA Bean Counters.
Additionally, members of our Network have access to even more valuable resources through our members-only forums, XYPN Academy, and more. Learn more about XYPN membership benefits.
About the Author
As XYPN’s Content Manager, Kelly is tasked with communicating the Network's value proposition to the world. For years, Kelly has helped organizations tell their stories in ways that inspire others to listen, and to care. Her penchant for a well-crafted sentence, good grammar, and clever wordplay has earned her the moniker “Word Whiz” around the XYPN office. She’s thrilled to share XYPN’s story with you and the rest of the world.