The Influential Advisor

051: Skyrocket Your Credibility: Paul G McManus on the "Power of Authority by Association" as featured on the Influential Entrepreneurs Podcast

Paul G. McManus

Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.

0:00 | 3:00

Listen to the full episode on the Influential Entrepreneurs Podcast with Mike Saunders episode here:
https://businessinnovatorsradio.com/interview-with-paul-mcmanus-co-founder-and-ceo-of-more-clients-more-fun-author-podcast-host/

Support the show

Speaker 1

But his name was Shane Walls and in 2016 , he reached out to me and , long story short , over the course , people like , okay , what's going on here ? What you know ? What's your secret sauce ? And he was gracious enough to point in my direction . So that got that started me on the path towards working exclusively with financial professionals , and that was back in 2016 .

Speaker 1

Fast forward a couple years and it's in 2018 . And I'm speaking at two packed breakout sessions for an elite group of financial advisors and you know , just to give you a sense of it , they have to pay $25,000 a year just to be part of that group . And I was doing the two breakout sessions . I had Shane on my left and I had another client of mine that was part of the group on the right . His name was Mark and it was essentially an infomercial . I mean , I knew that no one there knew who I was , but they knew who Shane was , they knew who Mark was , they knew the results that the organization validated , results that the organization validated . And I , you know it was my real . It was my first real experience of what I call authority marketing and I knew it going into it right , and so I knew that I would have more people interested in working with me than I really had capacity to work , to work with .

Speaker 1

So my strategy , my approach going into it , was that I essentially did the whole hour breakout session as more or less an infomercial , just you know , having them talk and tout their results , et cetera , and at the end of it I distributed an application which essentially said okay , you know , to take the next step and apply to potentially work with me . Fill this out . Oh and , by the way , it's going to cost $1,000 . And it's a deposit . So if for some reason , we decide not to work together , you'll get a refund , but it's $1,000 to simply have that conversation with me . And it was .

Speaker 1

It was such a defining moment because you have a lot of seasoned , super successful type A personality . You know elite financial , you know insurance producers in there , and there was some grumbling and they were looking to like wait . So so what you're saying is that I have to pay you a thousand dollars to talk to you . And I'm like . I'm like , look , you know I'm not trying to be arrogant or anything , it's just the reality is is that there's more , you know there's gonna be more interest in working with me than I have demand for , and this is just a way that I can , you know , prioritize who to spend time with and make sure that you know it aligns with everyone's interests .