Leads Source for Business Solutions

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Leads Source, Inc.
125 Highpower Road
Rochester, NY 14623
P: 585.269.3800
F: 585.269.3801

info@leadssource.com

Hot Referral Tips

1. N.E.uses classic forms of both the implied endorsements and bandwagon effect to help enlist new referrers. When she calls on a recent startup, she takes along a list of all the other firms who have referred prospects to her in the past three months. And reviews the list with the startup.

The startup can't help but be impressed. It is an impressive strategy. The reason is that no other business does this. So when no competitor promotes similarly, she stands out from the crowd and builds her referrer base… even when the startup, itself doesn't do business with her.

2. As in all referring relationships, a quick thank you note to the referrer is mandatory! Hardly anything is more important. Even better… a personal call followed by a note.

In your note, illustrate how you had an effect on the business or person they referred to you. Try to describe your efforts, or more importantly, your outcomes for the referred person both specific and quantifiable. If appropriate to your business, even show before-and-after photos. Or show test results. Anything to demonstrate your expertise and how much you helped the referree.

3. If someone stops referring, immediately get a face-to-face meeting. But don't ask why they stopped referring. That makes the person feel defensive. Instead ask for help. You want their advice so you can improve your business. What would they recommend? Remember, their perception is your reality.

4. Tracking referrers is critical. This will tell you who has stopped or reduced referrals. So you can immediately take action. It tells you whom you have impressed. So you can be more attentive to keeping up these associations.

And it lets you know when you're getting overly dependent on one or a few sources and need to broaden your base to make sure you don't experience a bad luck from an unexpected loss of a referrer.

5. The "care and feeding" of referrers is critical. A lunch-a-week with a different existing referrer will help you avoid losing touch with your good ones. And individual mini-marketing plans targeting your top three high-potential referrers will target your efforts for the highest efficiency and return.

6. When you get a new client or customer, you collect some information about them. You do, right? A little reverse engineering of your new business contact forms could tell you from whom your clients or customers buy other services. If these other businesses seem to have a longer term relationship with the client, let your new customer know you will drop these businesses a quick note telling them you are now doing business with their client (your new customer) and that you want the best for their client. And inquire as to any characteristics of your customer they have learned which you should know about.

Of course, this makes you look competent, concerned and thorough. And generates referrals -- or builds bridges, so you can now call and suggest a meeting with those other businesses to get to know one another since you have customers or clients in common.

Remember, this works well with businesses that tend to have an ongoing relationship with a client, such as CPAs, computer or network maintenance firms, banks, marketing firms, bookkeepers and possibly lawyers, etc..

And don't overlook businesses that seem outside your normal referring realm.


 

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