This is an archive of It’s Your Money and Your Life, which aired from 2011 to 2018. These interviews are not an endorsement of anyone on the tapes or financial advice.

Focusing on Your Customer

  • Focus on what your customer wants, as opposed to what your customer needs.
  • Explain the benefits of your service as opposed to the features.
  • EXTERNALIZE content (transparency).
  • When preparing a quote, price needs separately from wants.
  • Offer a 100% customer satisfaction money-back guarantee.
  • When telling your story, be specific, don’t settle for generalities. Include context, history, and intent. Be careful to be honest and avoid exaggeration.
  • Give your customer opportunities to collaborate.
  • CHALLENGES: Hourly billing versus being paid for Accounts Under Management (AUM). Paper, server versus ASP.