For any agent the challenge of making a business successful is hard work with the focus on maintaining good stock levels, operating compliantly, keeping customers happy, and staff motivated as well as ensuring a healthy income.
For some, however, there may be ways to ease the challenge with the introduction, or revision, of a financial services proposition within their business which, with the support of Embrace Financial Services (Embrace), could lead to more satisfied customers (and staff), more instructions and recommendations as a result, and, importantly, more income being generated. Ultimately, in the words of Paul Rogers, one of the franchise owners of Reeds Rains in Teesside, who uses Embrace, it could be a ‘no brainer’ for your business.
Paul explains:
“Lawrie Stewart and I have been operating as a Reeds Rains franchise in Middlesbrough, Stockton and Guisborough since 2008 and have offered sales, lettings and financial services from the very start. Increasingly, however, as customer expectations for quicker and more efficient services have increased, and as some income opportunities have decreased, we came to the conclusion that we needed to review our customer proposition and, from this, decided that financial services (including mortgage and protection insurance) was one area we could really grow and benefit from as a business. It’s for that reason we turned to Embrace Financial Services for help.
A turnkey solution – everything is taken care of
Embrace offers a turnkey solution with fully compliant Financial Consultants on hand, comprehensive support and training for my staff, promotional material and a great website that we can refer our customers to. It has been a perfect solution for us and means that I’ve been able to focus on the day to day running of the business without worrying about compliance and the heavy regulation surrounding financial services. Everything is taken care of and all we have to do is make sure we get the appointments booked in.
My teams have benefitted, as have our customers
Embrace have been extremely easy to work with and are very professional and, because the Financial Consultants sits within the branches, they have become an integral part of the team; spotting opportunities as appointments take place and coaching and helping us all on an ongoing basis.
My teams can now more confidently speak about financial services and position it as a natural ‘additional’ service to our customers. It’s also easier for them to reassurance sellers that the buyer, who chooses our service, is in a position to go ahead and can make a big difference to the speed at which the transaction is completed.
Where a buyer already has existing mortgage or protection plans in place we also make sure that we offer to check their deal or premiums to see if we can beat them – when we do, it simply adds to the customer’s satisfaction and increases the likelihood that they will recommend us and generate even more business opportunities. It’s been a great support to our staff and a great motivator.
We do the same for our sellers, as well as our landlords, encouraging them to meet our Financial Consultant to see if we can improve their mortgage deal or protection products. We have a good landlord portfolio so this has worked well for us.
Positive feedback, results and revenues
The response from our customers has been great too and the fact that we’ve now got two Financial Consultants, who are employed by Embrace, and a third being recruited, says it all.
FS business is good and so too is the revenue we’ve generated as a result. I would honestly say that for any agent worried about the challenges they currently face, or which they fear may come, should consider the introduction of financial services (or the revision of any existing FS proposition) with Embrace Financial Services. Their financial service package is fully supported, fully compliant, easy to implement and provides a great way to generate income, support staff and enhance your customer proposition – and ultimately the reputation of your business. And its hassle free. It really is a no brainer.
If you are interested in finding out how Embrace Financial Services could help you, please contact Scot Flight, National Business Development Director for Embrace Financial Services via scot.flight@embracefs.co.uk
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