BALANCE AT WORK BLOG

How referable is your business? (continued)

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Following on from our article last week – ‘How referable is your business?’ – see below for a further two tips on how you can build up your referral business.

Step 3 – Acknowledge your clients’ fear and make them look good

Your client may often wonder whether the referral process will take up too much of their time and whether their reputation will be hurt if you don’t follow up properly. Think about the client’s needs first, not yours. The referral process needs to reflect well on them and make them look good.

To overcome these fears, explain your referral process and the outcomes of any introductions. This could include following up referred clients promptly and letting the referee know how it progresses, building their confidence in the process. A successful outcome with a referred client strengthens the existing client relationship and should lead to more referrals.

Step 4 – Get the client to articulate your value

At the end of every client meeting ask the client to articulate the value they’ve received. If they say things like ‘I never thought of that before’ or ‘thanks, that’s a great idea’, this is a perfect trigger to have a conversation about who else may benefit from your expertise.

Importantly, your client needs to tell you about the value they’re receiving so they ‘sell’ themselves into the idea of referring you. You can’t badger them into agreeing with you about the value you think they’ve received!

The Bottom Line

There are multiple, ongoing opportunities to talk with your clients about referrals. Examples include when you solve or prevent a problem, when your client buys from you and when you follow up. The key is to look for ways to provide value to your clients and to have a systematic client contact and referral process that your business is comfortable with and that your clients trust.

If this is underpinned by an awareness of what your clients think about your service, then you will have ‘earned the right’ to have the referral conversation and you will be closing the gap between the number of clients who currently refer business to you, and the number that could be.

You may want to visit www.customerreturn.com.au to complete a 2 minute Referrability Self Evaluation. Nathan can be contacted on 0410 471 200 to provide a free 30 minute debrief valued at $150 of your results and suggestions for how to build a more referable business.

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