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Are prospecting calls like a game of chess? For many novice and intermediate chess players, too much chess strategy often gets them into trouble. By thinking too much about future moves, they overlook the negative implications of current moves and get stuck. In other words, they lose context thinking too much about subsequent moves.

Much like a game of chess, each prospecting call is dynamic, and circumstances evolve as the conversation evolves. Thus, if you're not paying attention or are thinking too far ahead, you lose context and become stuck. 

Consider these three strategies to help turn first calls into first meetings.

  1. Focus on staying completely in the moment. When you choose to be in a moment, be in that moment rather than thinking about your next move.

  2. Maintain a fluid sense of context as your conversation unfolds. Seek to understand another person's perspective without being distracted by your own agenda. 

  3. Listen with intentional intensity. The fuel for great listening starts with asking the right questions. When a prospective client answers your questions, reflect, and then respond with a follow-up question within the context of that moment to move the conversation toward the next level of understanding:
    • "How are you faring in today's confusing financial environment?"
    • "Now that the election has come on gone, would you be open to considering alternative strategies to putting your cash to work?"
    • "Are you open to reviewing your financial plans in light of today's interest-rate environment?"

Bottom line: Shift your mindset from "where should I go next?" to "what can I ask to learn more?" to help turn prospecting calls into first meetings.

The Author

The views and opinions and/or analysis expressed are those of the author or the investment team as of the date of preparation of this material and are subject to change at any time without notice due to market or economic conditions and may not necessarily come to pass. Furthermore, the views will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing, or changes occurring, after the date of publication. The views expressed do not reflect the opinions of all investment personnel at Morgan Stanley Investment Management (MSIM) and its subsidiaries and affiliates (collectively “the Firm”), and may not be reflected in all the strategies and products that the Firm offers.

Forecasts and/or estimates provided herein are subject to change and may not actually come to pass. Information regarding expected market returns and market outlooks is based on the research, analysis and opinions of the authors or the investment team. These conclusions are speculative in nature, may not come to pass and are not intended to predict the future performance of any specific strategy or product the Firm offers. Future results may differ significantly depending on factors such as changes in securities or financial markets or general economic conditions.

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