Last time we
looked at ways to make it as easy as possible for a new client to start doing
business with you and we explored the value of each new client to your business
over the lifetime of your relationship with them.
But how,
I hear you say, do we get more clients to talk to in the first place? That’s a question asked at some point by
every business throughout the world.
The more
expensive options range from media advertising to exhibitions to direct mail
and telemarketing and yet the most cost effective and arguably the easiest way
to get in front of new clients is often overlooked. I'm talking
about a systemised process that guarantees a steady stream of “warm”
prospective clients - a referral system.
We all know that “word of mouth” is a
powerful tool for any business. You go out for a great meal, you tell your
friends about it, and hey presto they’re on the phone to the restaurant booking
a table for next weekend. That’s a
referral system in its most basic, random form, but still very powerful, wouldn't you agree? The
restaurant owner’s got some new clients and he’s not had to spend a penny on
marketing or special offers. If he continues to provide great service and great
value, how many times will those clients come back and how many other people
will they tell?
From that
one random “word of mouth” referral, his potential earnings can be substantial.
So what if you could actually create a system that would take the randomness
out of the process, and by doing so create a regular stream of prospective
clients?
So here are
some ideas to get you started:
· First of all wouldn’t it be interesting
to calculate what the effect of a referral system on your business could be?
For example if you have 500 clients and each of them gave you an average of 1
referral per quarter that’s a massive 2,000 potential new clients a year. Of course some clients either won’t or can’t
refer you but there again others may well be able to give you more referrals, the key
word here is “average”
· Make sure that everyone on your team
buys in to the project, and understands the growth
potential for the business
and as a result, of course, the increase in their job security!
· Use a referral form or voucher
system with a script so you can standardise how you approach every single
client to ask them to refer their colleagues to you. If you want to know more
about this then send me a message.
· And finally, be persistent. Make sure
that every client gets a reminder every quarter by way of
a form or more vouchers, that way they’ll always remember to recommend you when
the time is right.
And
remember, if you keep on doing the same old things, you’re going to get the
same results. So why not try something new today?
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