Archive for referrals – Page 2

Marketing Tactic Building Blocks – Call To Action

TacticBuildingBlocks

The next block in our model of a successful marketing tactic is the all important Call To Action. Much has been written about the importance of having a call to action in your advertising and marketing materials, so I will just mention my top three reasons for having a strong call to action.

Your call to action provides the answer to the question “what do I do next?”.

One of the great marketing challenges in today’s environment is getting the attention of prospects and customers who need our services. Once we do gain their attention, the biggest marketing mistake we can make is to fail to provide a clear course of action related to what they can, and should, do next. A call to action may be as simple as providing a phone number to call or linking to a relevant page on your website. Without a clear next step, chances are your prospective customer will move on to the next provider, no matter how clever your marketing materials

Your call to action provides a link to your measurement system.

Professional service firms need to move away from spending money on a marketing model that just “gets our name out there” and towards a model that provides feedback on the results of that marketing budget. The way to capture that feedback is to provide a call to action that can be measured. What would this look like in our referral system example? You could create a gift certificate for people to share with their family, friends, and colleagues who they think would benefit from your service. The call to action is to bring in the gift certificate to receive their free or discounted service. By including information about the person you gave the certificate to (name, date, etc.) you can have some very useful information about who your best referral sources are, the amount of time between when a certificate is given and when a client comes in, which offers are the most popular, etc. Contrast this with the typical process of asking a client how they heard of you – “I’m not sure, I think Joe told me about you, or maybe it was someone at the chamber, or BNI…”.

Move your marketing plan from guessing to knowing by including a call to action that can be measured.

Your call to action helps move people through the marketing hourglass.

In Duct Tape Marketing, we often use the marketing hourglass as a conceptual model of the marketing process. The general idea is that the hourglass consists of several stages and we need to make sure that our marketing system addresses prospects and customers at each and every stage of the hourglass. One of the ways we can help people move from one stage of the hourglass to the next is to 1) use our marketing materials to make people aware of the next stage and 2) include a clear and compelling call to action that tells them how to move to the next stage.

One note, I used the phrase “help people move” on purpose. I think it is important, particularly when marketing professional services, to realize that WE don’t MOVE people, they have to choose move to the next stage. Even if you can force someone to move (which I doubt), in the case that you do, you are bound to have a client that has an unhappy experience.

Make a Referral Wednesday, How Can I Help?

We are half way through Make A Referral Week, how are you doing so far? Personally, I need to step it up a little. I've made a couple of referrals, including connecting two people that I would like to do business with but haven't yet.

Sometimes, our biggest obstacle to getting referrals is getting in the habit of asking for them. I think the same goes for giving them- we have to remember to ask. So here is a quick tip to help you start the habit. Call up 15 people (that's only 5 per day for the rest of the week) and say "This is Make A Referral Week, who can I connect you with to help you with your business?".

Ask without the intention of receiving anything in return, but be prepared to answer when they ask how they can return the favor. Just as it is important to help others, it's also important to be able to graciously allow others to help you.

We are half way through Make A Referral week, who can I connect you with to help you with your business?

Don’t Ask, Don’t Sell

When asked, most accountants, attorneys, and other professionals tell me that the primary way they acquire new clients is through word or mouth or referrals – no surprise there. What does surprise me is how often these same folks tell me that they rarely, if ever, ask for referrals. Many of us are hung up on one form or another of “head trash” – we think others will think badly of us if we ask for referrals because (insert excuse here).

If you want to grow your business or practice, you must get over this. You must learn to ask for referrals and to ask for the sale. If you are providing a valuable service, and I assume you are, then people are not going to think ill of you for wanting to help more people.

I think for most of us, learning ask for business is less about technique and more about attitude and creating new habits. Technique is important, but if you don’t get over the hurdle of actually starting the conversation, all the technique in the world isn’t going to help. Here are three approaches that you can use to overcome your reluctance and build the habit of asking for referrals:

Join a networking group – groups like BNI can help because they will teach you how to ask, give you a place to practice asking, and set the expectation that you exchange referrals with members of your group. The more you think that sounds like you won’t like it because you will be uncomfortable, the more likely you need to join.

Ask who can can refer to them – as an accountant or attorney, you probably know a lot of people. Practice being a referral source for those you meet. End every meeting and phone call with “is there anyone I can connect you with to help you with your business?”. Give without the expectation of receiving, BUT, when someone does ask what they can do for you, have a specific answer ready, for example “Thanks Bob. You know, I like working with dentists and I’m always looking for practices with 3 or more dentists. Do you know anyone that you would feel comfortable introducing me to that has a practice like that?”

Blame me – if you don’t feel comfortable with any of the approaches outlined above, do this. Blame me. Here is how that sounds – “Ok, Joe, is it ok if I ask you one more question before we finish (our meeting)? I”m a little uncomfortable asking you this, but this marketing coach named Bill is harassing me to get in the habit of asking for referrals, so I have to ask, do you know anyone else who may be facing similar issues in their business?”

I know you are going to ask for at least 2 referrals today, so come back and leave a comment – let me know how it worked out for you.

Referral Marketing Programs for Professionals

ReferralFlood

Learn how to generate a flood of new business without spending one dime on advertising. Available as a Self Study Program as well as group and individual coaching programs

Tax Practice Marketing – create a volunteer sales force

Most tax professionals rely on word-of-mouth, or
referrals to grow their business. A good network of referral partners
is like having a volunteer sales force.

People love to give referrals, but it is important to make it easy
for them to do so. You wouldn't send your paid sales force out into the
world without the knowledge and tools to do their job, so why would you
do that to your volunteer sales force?

Since most of the people you know are probably too busy to attend your 1/2 day
seminar on "how to work as a salesperson for no pay", you need an easier way to
give them the information that they need to help you out.

Create a one page sheet that gives them all of the information they
need to refer you properly. Having a written description of who makes
an ideal prospect and how your referral system works is a powerful way
to get more qualified leads. Your description should include the
following:

  1. How to spot your ideal customer – this will help cut down on the
    time you spend chasing referrals who end up not being the type of people you want
    to work with.
  2. How to explain what you do – make sure your referral sources are
    communicating your core difference rather than just your title.
  3. How your referral process works – what happens once your receive a referral.

Having this information in writing accomplishes several things. It
is a more effective way to ask for referrals than the typical "do you
know anyone that needs what I do?". Your services will be described in
a more consistent manner by your referrers. It shows you are organized
and professional.

Explaining how your referral process works will also help alleviate
any hidden fears people may have about referring you. No one wants to
be the person who referred Uncle Joe to the "salesperson from hell" who
calls every evening at supper time.

Bottom line – give your volunteer sales force the information they need and start receiving more qualified leads.

Being Known Is Not Enough

In Duct Tape Marketing, we define marketing as getting someone, with a particular need, to Know, Like, and Trust us. I think the "Know" portion of this definition is often viewed as just "getting our name out there" and is often used to rationalize some of our activities. It allows us to check "do marketing" off of our to do list.

Being known is only a first step. In order to take your business or practice to the next level, you have to be known for something particular. Our business cannot be all things to all people.

Deciding to become known for something particular can be scary. We must define the types of prospects we don't serve. This feeling that we may be losing business (that we never had) can make us feel uneasy.

As you become more successful, you will attract more prospects to your business that do not meet your Ideal Client Profile. It is important that your marketing system includes a mechanism to deal with this situation. Have you identified strategic referral partner who may be able to help these folks better than you can? This can be a great way to create a win-win-win situation that allows the prospect to find someone who can serve their needs while continuing to build your reputation as a trusted advisor.

Referral Marketing – Managing Your Activities

Fellow Duct Tape Marketing Coach Joe Dager recently had a nice post about using the marketing hourglass to determine your marketing constraint. In his post, Joe discusses the importance of knowing your conversion rates and what they tell you about the effectiveness of your marketing system.

As I was reading Joe's post, I was reminded of a lesson from my Sandler Sales Training course:

Never manage your numbers, manage your behavior.

Let's look at referrals as an example. When we look at it realistically, we don't have any control over when and where someone gives us a referral. There are lots of activities (behaviors) that we can do to encourage people to send us referrals, but we don't have any control.

What the Sandler rule above means (at least to me) is that rather than focusing on "getting" 5 referrals this week, I need to focus on activities that will improve my chances of receiving them. These activities may include:

  • asking for referrals
  • providing referrals to others
  • working with customers to send out endorsement letters
  • requesting endorsements on LinkedIn

These are all things that I can control. If I have a system in place to track my behaviors and the results of those behaviors, I will understand the conversion rates that Joe posted about, and I can adjust my behaviors accordingly.

Referral Partners – Do You Struggle to Reciprocate?

Creating alliances with strategic referral partners is a great tactic, particularly for professional service providers, to grow your business or practice.

Some professionals struggle with building referral partnerships because, for a variety of reasons, they are not able to give as many referrals as they receive.

For example, if my primary source of new customers is referral from bankers, insurance agents, and financial planners, it may be hard for me to reciprocate because my clients all ready have these relationships when they come to me. This can lead to the feeling that the relationship is one-sided – sometimes leading to the ending of the partnership.

If you find yourself in this position, here are a few suggestions that may help:

  1. Explain the situation up front – I believe many people have the assumption that if I send you referrals, you will send so to me as well. If you know it will be difficult to provide referrals to your strategic partners, talk about it up front, before a misunderstanding develops.
  2. Help your partners look good to their current customers – would your referral partner's customers benefit from your knowledge and expertise? Can you help your partner deliver extra value by sharing your expertise with her customers?
  3. Help your partners acquire new customers – many professionals give talks or seminars as a way to develop leads. Conducting a joint seminar with your strategic referral partner can be a good way to draw a larger crowd, split the amount of work, and help both of you make contacts you may never have made working by yourself.
  4. Don't limit yourself by thinking you can only refer other professional service providers. We all have busy lives and need help in our personal lives as well. Do you know a great plumber? Favorite dry cleaner who delivers? Do any of your clients have children who like to babysit? Once again, do you share these resources with your partners in a manner that will help them look good in the eyes of their customers?

What other ways do you help your strategic referral partners grow their business?

Inbound Marketing For Accountants, Lawyers, and other Professionals

I’m not a big fan of buzzwords, but I do like the term "inbound marketing". I think it is a perfect description of how professional service providers should approach marketing. I don’t know if they coined the phrase, but I first heard the term inbound marketing from the folks at Hubspot.

Inbound marketing is all about “getting found”. Because most people start their search for goods and services by searching the internet, it is important to make sure we can be found there. This is why tools like blogging and social media have been getting so much attention – they help you get found.

Outbound, or traditional marketing, is interruption based marketing. Telemarketing, tradeshows, radio, t.v., and print ads all rely on interrupting people. Most service professionals hate this type of marketing stuff because it feels rude and tends to be ineffective.

Outbound marketing is hunting. Inbound marketing is attracting.

Outbound marketing is shouting. Inbound marketing is a starting or joining a conversation.

Inbound marketing isn’t tied to technology. Referrals are an example of inbound marketing. Because we have previously created value, people hear about us. They are attracted to us and seek us out. This is the key to inbound marketing – create value and share it with others.

Although I didn’t call it inbound marketing, I recently wrote a short e-book about applying what works for referrals to the rest of your marketing.

Free e-Book – Marketing Professional Services

I just posted my first e-Book on my website. In it, I discuss marketing for service professionals – specifically, why referrals work, how to get better referrals consistently, and how to apply what works for referrals to the rest of your marketing activities

download

This e-Book is totally free. No registration required.  You can download it here.

7 Tips For More Productive Networking

Recently, I've been talking to several business owners and independent professionals who are frustrated with the results they get from attending networking events. Networking came become a huge drain on our time – particularly if we are not consistently generating business from these events.

Networking is one of those important business skills that they don't teach us in school. Here are a few tips both I and my customers have used to achieve better results when attending networking events.

Go in with a plan – What is your goal for this particular event? Have you identified specific people you would like to meet?

Have something to give – the golden rule in networking is "give to get". I find that following this rule makes me a better listener, which in turn makes me a better salesperson. One of my favorite ways to give at my regular networking events is to act as a connector. Because I attend these events regularly, I have a good idea of what everyone does, which helps me introduce people who can help each other in their business.

Form a tag team – Some people are uncomfortable talking about themselves, but love to make referrals to others. If you fall into this category, trying going to your next networking event with a "tag team" partner. Spend a little time learning about the types folks each of you would like to meet and then spend your time at the event looking for great contacts for your partner.

Qualify – We all have a limited amount of time, so it is important to qualify the people you meet before you let them into your prospecting system. I don't mean qualifying as we normally think of in selling. Rather, you should be prepared to have a structured conversation that allows you determine if this person is available to "date" before you automatically add them to your prospect list.

Don't sell at the event – Similar to a cold call, the goal is not to make the sale, but to get an appointment. You may not be able to set the exact date and time of the appointment but you should create a clear expectation of how and when you will follow up to set the appointment.

Follow Up – It doesn't do any good to go to a networking event, collect a bunch of business cards, and then leave them on a pile on your desk. Create a system to make sure you consistently follow up with everyone you have qualified to be in your prospecting system.

Cultivate – If people aren't thinking of you before they have a need for your services, do you think they will think of (or remember) you when they do have a need? You need to have a system in place to first achieve "Top of Mind" status when you meet a new contact. You also need to make sure that once you achieve "Top of Mind" status, that you stay there.