by Tony Vidler
Many professionals believe that the peak of their career, and business prospects, are achieved when they attain “expert” status. Actually, your objective should be that of “An Authority” – or better yet; “The Authority”.
In financial services expertise is often defined as having attained one of the rigorous formal and technical professionals qualifications, such as Certified Financial Planner (CFP) or Chartered Accountant (CA). Expertise denotes mastery of technical knowledge and competence. Formal recognition of technical expertise is indeed potentially powerful for marketing your services and great careers can be built upon expert positioning.
The ultimate professional positioning though is being recognised as an Authority, rather than just an expert. The person perceived as an Authority has moved beyond technical mastery alone. They are the person who knows that business, or demographic, or area of need, better than the experts do. Their knowledge is both deep and wide….they know the business and all its implications and strategic issues better than the experts who understand how to make stuff work because the Authority’s knowledge and skill enables them to foresee issues which are not generally known or understood yet. As such, the Authority gets the spotlight….and the audience.
Becoming an Authority is the result of careful, deliberate and relentless pursuit of a plan to be positioned as such. It rarely just happens of its own accord.
Early in a professionals career, before they have even reached the position of being an expert, nearly all resources and business effort are directed into “push” marketing strategies. Advertising, networking, marketing to create opportunities and then constantly selling….perpetually pushing oneself into the market to create business opportunities and gain customers.
When one becomes a recognised expert then the marketing gets substantially easier. Relationship management, networking, referrals and recommendations become frequent. This is a mix of “push” and “pull” marketing, and is where the majority of professionals spend their entire business careers.
If you take that position of expertise though and actively work to become known as not just an expert, but an Authority, in a particular area then the marketing effort to build the business and gain customers is virtually all “pull”. Business comes to you because of your positioning as the leading expert in that space. There is always a proportion of the marketplace that want the best they can get…and in professional services that proportion is high. When it comes to getting advice on wealth, or estate planning, or managing business risks many customers will only settle for the best advice possible. They want to deal with the authority on the issue.
To become an authority in your professional space requires clarity of thought. Be very clear about what you want to be known for. Think about not just what it is you want to be know for, but what it is you want to become FAMOUS for. Then create a plan for ensuring that you learn more than anybody else in your area, and become known for knowing it. Clarity of purpose, planning, promotion and persistence are the keys to becoming an Authority, and living in the professional spotlight.
Then all the business you want will find you.
© 2018 Tony Vidler. All rights reserved.
All materials contained on this web site not otherwise subject to copyright of other parties are subject to the ownership rights of Tony Vidler. Tony Vidler authorises you to make a single copy of the content herein for your own personal, non-commercial, use while visiting the site. You agree that any copy made must include the Tony Vidler copyright notice in full. No other permission is granted to you to print, copy, reproduce, distribute, transmit, upload, download, store, display in public, alter, or modify the content contained on this web site.
What the CFP Board Needs To Do From Here - Articles - Advisor Perspectives ow.ly/IrnZ30pmGTh