Filed Under:Agent Broker, Sales & Marketing

7 ways to get even more referrals

Transparency will go a long way with the people on your 'referral team.' (Photo: iStock)
Transparency will go a long way with the people on your 'referral team.' (Photo: iStock)

Some call these folks 'centers of influence.' I like to call them 'referral partners' or even 'members of your referral team.'

Financial professionals look to accountants and attorneys to be members of their 'referrals team.' Coaches look to other business consultants and trainers as sources of referrals.

Here are 7 steps to getting all of these important people to contribute to your business

7. Identify all the players. If you haven’t already done so, you want to make sure you’ve identified all the types of business professionals who might work with or meet your ideal clients. Then, systematically work to meet and build a relationship with at least one person from each of these categories. Since the first person you contact may not be interested in a relationship with you, you probably want to identify several people in each category.

And what’s the best way to meet these folks? Through your current clients and centers of influence.

6. Be transparent. Be candid and transparent with these folks. Let them know that you believe in your value, you’re looking to bring that value to more people/businesses, and that you would value their help.

Don’t assume that this will have to be a reciprocal referral relationship. While some folks may expect to start getting more referrals in return from you, many will be thrilled just to have a resource like you to send people to.

5. Communicate your value — more than once. Schedule plenty of time to make sure they understand your value — what you do, who you serve the best, how you do it, why you do it, and how people benefit from your work.

You simply MUST become referable in their eyes if you want to start getting more referrals and introductions from them. And this isn’t usually accomplished in one meeting. It takes time for it to sink in. They need to see value in your process and in the results you produce. They also need to like and trust you (especially trust).

If appropriate, have the same conversation with them about their business.

4. Teach them who you serve the best.  These members of your referral team need to know for whom you do your best work and how to recognize these people/businesses. Teach them the demographics and psychographics or your ideal clients. What would an ideal prospect for your business be talking about, complaining about, or trying to accomplish?

3. Don’t wait for referrals or introductions. Doing the previous steps may generate a few passive introductions, but if you really want productive relationships, you have to be appropriately proactive from time to time.

Related: Referral selling: What you might be missing

If you can identify specific people you know that they know, ask for specific introductions. If not, suggest categories and generally brainstorm with them. This is something you can probably do with these folks 2-4 times per year.

2. Secure effective introductions. Don’t settle for word of mouth or “Call George and use my name.” Discuss how you are going to introduce folks to each other. Will these introductions be in person, over a meal, with an email handshake?

The best way to view any introduction is with the same criteria the Food and Drug Administration uses to evaluate a drug for the market; is it safe and effective? You want your referral source and the new prospect to feel “safe” or comfortable with how you are introduced. And you want to have the prospect’s curiosity piqued a bit to at least get them open to hearing from you.

1. Create a contact-management plan. These are not set-and-forget relationships. You know the old expression: Out of sight, out of mind. These relationships need continual nurturing to get them to a productive stage and to keep them there. Agree with each person who often you’re going to meet and review expectations, etc.

Editor's note: The essay first published in the author's own blog.

Originally published on LifeHealthPro. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Related

5 common mistakes that discourage referrals

Are you winging it when trying to get referrals? That and these other common mistakes may be hindering your efforts.

Featured Video

Most Recent Videos

Video Library ››

Top Story

10 things your clients need to know about dust storms and ‘haboobs’

Sand storms don't just happen in the Sahara Desert. They can be a byproduct of severe thunderstorms anywhere. Here's what you and your clients need to know.

Top Story

Memorial Day kicks off the most dangerous season of the year on the road

Long daylight hours and better driving conditions may lull drivers into a false sense of safety during summer months­­­­, according to a new survey.

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.