Are you leveraging your unpaid sales force
Are you leveraging your unpaid sales force Five keys to growing
your business through referrals
You've honed your technical expertise, you've established your
business and got your team in place, but why was it no one told
you you'd also have to develop marketing and sales skills?
That's not what you were expecting when you established your
professional services practice, be that as a lawyer, an
accountant, a designer or consultant. In fact the idea of
selling leaves your cold.
The reality is most of us dislike selling. Equally, we don't
like being sold to. This simple fact is often overlooked, yet it
has the potential to be the key that unlocks the growth of your
business.
People do business with those they know, like, trust and
respect. In other words they want to build a relationship with
you before they invest their hard earned money in your solutions
and services.
Referrals are often the most powerful way to expand your
business requiring little marketing spend and providing you with
immediate credibility through the reputation of the person
referring you.
But how often do you miss the opportunity to ask for a referral?
Do you have a specific strategy and action plan to manage your
referral process? Are you leveraging the support of your unpaid
sales force - your clients who already know, like, trust and
respect you?
Here are five keys to growing your business through increasing
your referrals.
How to ask for a referral
Review your current clients and identify three of them that you
can contact this week about the potential of them referring you
to others.
When you speak with them, thank them for their business and tell
them you enjoy working with them. Advise them you are in the
process of expanding your referral based business. Explain that
you would like to partner with them to help you grow your
business and ask if they could refer you to 2 or 3 of their
contacts.
Make sure you advise them of the profile of your ideal client
that you would like them to refer you to. If they are able to
identify someone, ask if they would contact the person ahead of
you reaching out to them to introduce yourself.
Make your clients proud to refer you
Most of us delight in great feedback and there is nothing better
than having someone thrilled because of the results they have
achieved through working with someone you referred to them.
When a client refers you, their personal reputation is on the
line. They won't refer or recommend someone who they don't
believe in. It's therefore paramount you deliver to your highest
standards when working with the contact you have been referred
to.
Connect with your potential new client
When you make contact with your potential new client, reference
the person referring you and advise them that your mutual
contact thought it would be a great idea if the two of you
connected.
Make sure you don't overwhelm them with your great technical
expertise. Actively listen to their challenges and concerns.
Offer suggestions and be generous with your advice - make them
feel you have their interests at heart.
Remember, you can't convince them to work with you; even though
you have come highly recommended, they have to grow to know,
like, trust and respect you on their own terms.
Keep your client in the loop
Don't forget to keep your original client informed of how things
progress with the personal contact they referred you to. That is
not to say you should disclose anything confidential - just make
sure they know that you have made contact and whether you are
going to work together.
Reward your referral partners
Consider rewarding your referral partners, perhaps by
entertaining them to lunch or introduce a different service
agreement or fee structure to formally reward your clients for
their referrals. After all, they're helping you grow your
business and are sure to remember to provide you with referrals
more often if they know their support is appreciated.
Don't wait for your workload to quieten down before you
implement a referral strategy. To grow a thriving professional
practice, business development needs to be part of your ongoing
agenda. Developing and implementing a referral strategy can help
you propel the growth of your business without the anguish of
feeling you have to sell and with little investment in
overheads.
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