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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Management Of Sales Force
In the business-to-business marketing arena, your direct sales force should play an integral role in your marketing plan. They are the "front line" that comes face-to-face with your customers and prospects. The great entrepreneur Marshall Field once said, "The distance between the salesperson and potential buyer is the most important three feet in business."
As part of every marketing plan, you must develop key messages that resonate with your target market. These are simple, direct statements that clearly define the most important benefits that you offer to prospects. The key messages should be tailored to meet the critical needs of your customer base.
Once you have established key messages, you must determine the most effective way to communicate these benefits to your clients and prospects. You need to evaluate the potential communications options which include traditional advertising, direct marketing, interactive/internet marketing, sales promotion, public relations and personal selling.
Personal selling has the distinct advantage over other media of letting the sender immediately receive and evaluate feedback from the receiver. This allows you to customize the messages being sent, so the benefits conveyed can be tailored to meet the specific receiver's needs and wants.
A drawback of direct sales is that it is considerably more expensive than other types of media. Belch and Belch in Advertising and Promotion state that the cost of the average sales call varies by industry and has increased $9.06 per year since 1980, which makes it currently about $385.00.
Therefore, it is very important that you maximize the benefit you derive from your sales efforts. By including the sales team in the implementation of your marketing tactics, you can ensure that they are communicating your key messages in the most effective way.
A good marketing plan offers many tools to help the sales force enhance their dialog with prospects. For example, a strong public relations program will generate numerous press releases, white papers, bylined articles and case studies. By having reprints made and circulating them among your sales force, they can be presented to prospects to show third-party endorsements that provide credibility and reinforce your key messages.
Case studies are especially effective. These are real-life examples that describe how your company faced a challenging situation and developed a solution that produced tangible results. Case studies can be developed for various industries that show how you met the needs of customers similar to the prospects you are targeting. By demonstrating to a prospect that you can solve the kind of problems he faces each day, you increase the impact of your sales presentations.
Your sales force should also be equipped with reprints of the current ads, direct marketing pieces and be kept aware of the information on your website. By making sure your sales people are using these tools, you can control the information being sent to prospects and get first-hand feedback about their reactions to key messages. By analyzing the feedback, you can tailor your messages to make your direct selling efforts more effective than ever.
Both Krishna De & Jim Olivera are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Krishna De has sinced written about articles on various topics from Online Business, Marketing. About the author: Krishna De is co-founder and Managing Director of Oneocean Ltd. Networking and Referral strategies are one of the foundations of their leading Biz Growth Academy programme where owners of professional services firms realise more profit. Krishna De's top article generates over 2400 views. to your Favourites.
Jim Olivera has sinced written about articles on various topics from Web Development, Room Furniture and Sales and Negotiation. Brad Gerdes is the Senior Account Manager for - Strategic Marketing Communications Programs, a Cincinnati-based marketing and public relations firm. Gerd. Jim Olivera's top article generates over 2900 views. to your Favourites.
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