There's the old joke about the two buzzards sitting in a tree overlooking a highway. One responds to the other, "Be patient? I'm hungry. Let's kill something." Just like that buzzard, it is not in the nature of most marketers to be patient for business to grow. They want to go out and "kill something," too.
The trouble is that most marketers go after new business the wrong way. They want to "take down" the new piece of business using all the tools of the trade from advertising and direct mail to cold calling and event marketing. This is an expensive way to drum up business. Your existing clients are just waiting to tell you about people they know who could use your services, and then help sell you in to these people they refer. Not only is this more cost effective, it practically guarantees the prospects will share the same characteristics of your best customers.
"OK, Harry," you're asking, "but how do I do it?"
The first rule of getting referrals: ask. When should you ask? Let's review.
- After your customer has purchased something from you is a great time to ask. The new customer is pumped up about your offering and you can harness that energy by asking for names of others who could beneft from doing business with you.
- Upon delivery of your product or service is the next time to ask. The benefits of your offering should be readily apparent now, so you can remind the customer of the importance of their referrals.
- Anytime you have personal contact with your customer is a good time to ask. You are continuing to build a relationship with them and can use the opportunity to ask for referrals. Don't ask more than three times per year.
Many people hesitate to ask for referrals because they are not sure how to do it. Just be honest. Tell your customers that referrals are very important to the growth of your business, and that you want to grow it with people just like them. Remind them that the people they know will benefit from your service the way that they have. Then, ask.
Tell your prospect that you'd like for them to give you the names of three or four people who might benefit from your services. Pull out a sheet of paper and pen and look expectantly at them. If they can't immediately give you names, ask some prompting questions. Such as:
Who are your three best friends? Who are the most successful business people you know? Can you think of anyone who would benefit from my services?
Write the names down and keep writing until the customer runs out of names. Then, go back and ask for contact information for each one.
Thank the customer in the way you feel most comfortable. Some people like to send a gift, others will just drop a note of thanks. Some wait to see if the referral becomes a customer and then send a higher end gift. Do whatever works for you, but do thank them and keep them in the loop, letting them know about your follow up and the outcome of your prospecting.
So, don't just sit there in your tree. Get out there and kill something.
Harry Hoover is managing principal of Hoover ink PR, http://www.hoover-ink.com. He has 26 years of experience in crafting and delivering bottom line messages that ensure success for serious businesses like Brent Dees Financial Planning, Duke Energy, Levolor, New World Mortgage, North Carolina Tourism, VELUX and Verbatim.
local house cleaners Park Ridge ..Don't assume that a reporter understands financial planning. If anything,... Read More
Better check out the public relations fundamental premise, then take... Read More
Imagine you're the technology reporter at a daily newspaper. You... Read More
To survive in business, you've got to focus your attention... Read More
You thought of it, you researched it, you wrote it.... Read More
As the comedian Steve Martin once said, "some people have... Read More
The notion that a business, non-profit or association manager can... Read More
Does it really make sense to bet your PR budget... Read More
The call came into my office and the voice on... Read More
For some, public relations works well when their news release... Read More
Being invited to appear on radio and television used to... Read More
A press release telling about "Stevie, the Water-Skiing Squirrel" will... Read More
Think carefully! You're a department, division or subsidiary manager for... Read More
During my career as the head of media relations for... Read More
Sorry about my otaku with this issue (otaku = more... Read More
The practice of public relations is often misunderstood, thus overlooked... Read More
To get someone's name in the newspaper or a product... Read More
It seems difficult to believe at the dawn of the... Read More
Because it can alter individual perception and lead to changed... Read More
Recently someone asked me why so many restaurants go out... Read More
Yes, you can call a reporter.I've said it before, in... Read More
A great way to celebrate your achievements and capitalize on... Read More
Think for a moment! If you were to do a... Read More
Although media relations is not all there is to PR,... Read More
Looking to get your name into a magazine? You need... Read More
move out cleaning service Glenview ..You know, where you do something positive about the behaviors... Read More
The reason might be this simple: as a business, non-profit... Read More
To survive in business, you've got to focus your attention... Read More
As a business, non-profit or association manager, your public relations... Read More
We'd all like reporters to ask us about our career... Read More
PR that really does something positive about the behaviors of... Read More
Yes? Then do something positive about the behaviors of those... Read More
Do it by restructuring your business, non-profit or association public... Read More
What may be the more appropriate question is: What makes... Read More
Small businesses have always known the importance of word of... Read More
One of the primary tools still used by PR professionals... Read More
Prior to a TV interview it is guaranteed the journalist... Read More
You won't be if you accept a very simple premise.... Read More
Maybe you've seen another financial planner on TV, and thought,... Read More
Whenever a recession or volatility threatens the economy, companies immediately... Read More
Could be, when unit managers in businesses, non-profits and associations... Read More
Business to Business relationships come to expect a certain level... Read More
Are you launching a new product or website? Announcing a... Read More
In previous articles for marketing-minded financial planners, I've discussed what... Read More
Media relations, simply put, is the business of building and... Read More
Although repetition is extremely important, there are times when advertising... Read More
The words are pop culture heroes.Movies such as "The Insider,"... Read More
You're trying to recruit a downline into your program, you've... Read More
News releases (also called press releases) are an important part... Read More
You never want to inundate a reporter with information, but... Read More
Public Relations |