Blog: Understanding your clients' buying process

Understanding how your clients progress from enquiry to product purchase is key to running a successful business, says Worldwide Financial Planning’s Peter McGahan

clock

Worldwide Financial Planning's Peter McGahan on why understanding how your clients progress from enquiry to product purchase is key to running a successful business.

How are your clients influenced to make a decision? It is a good idea to think about how each of your customers might buy a product. Each person will be different. Few customers concerned about IHT, for example, will use Twitter to keep up to date. Use a ‘purchase ladder’, taking into account the following: Awareness: If a significant number of your target audience is not yet aware of you, work must be done to build your profile. Knowledge: If your target audience is aware of you, but does not know what you stand for or how you are different from the competition, work must be done to ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

RBC Brewin Dolphin adds to Voyager range with passive funds

RBC Brewin Dolphin adds to Voyager range with passive funds

With six risk options

Patrick Brusnahan
clock 27 April 2026 • 1 min read
From 'passive versus active' to 'the best of both worlds'

From 'passive versus active' to 'the best of both worlds'

Factoring active managers' best ideas into systematic models

Lisa Wang
clock 27 April 2026 • 4 min read
AJ Bell posts record rise in platform flows as AUA hits £108.7bn

AJ Bell posts record rise in platform flows as AUA hits £108.7bn

Net flows up 42%

Cristian Angeloni
clock 23 April 2026 • 2 min read