Today we are going to learn about increasing the size of your referral base.
Referral Action #3:
Increase the size of your network every day
1. The more people who know you, the more referrals you will receive.
2. Meet someone new every day, then acknowledge the meeting.
a. Join associations of best referrals
b. Attend Functions
c. Chamber networks
d. On line groups
#1. The more people you know, the more referrals you will receive. Not that profound, but probably one of the most important items in this series. There is a Harvard study which concludes the average person knows 2000 people by the time they are 21 years old. If you take that study and count only the people you have a relationship with on an ongoing basis, you can probably reduce that number to 200. Using real estate as an example, according to the National Association of Realtors, the average family moves every 6 years. If one-sixth of the 200 people you know move every year, that means 32 people who know will make a move this year. Did you get all of the transactions?
#2. The key is meeting and getting to know more people each day. How many people do you meet every day? It can be someone in the grocery store, at the bank, on the golf course, at the coffee shop or anywhere else you can meet and greet with people.
a. Do you belong to a referral group? There are organizations like BNI whose main purpose is to develop and provide leads to others in the group. You don’t necessarily have to join BNI. Why not start your own referral group? Meet each week and share referrals between the members. It is a time when you can get together with friends and associates, share your business experiences and also referrals.
b. I am going to give you the greatest technique you will ever use in developing your referral base. When you attend a function, whether it is business related, personal, a wedding or any other place where there are people gathered, collect business cards! Oh I hear you, “I have a thousand business cards.” Right, what did you do with them? When you collect someones business card there are two things you need to do, ask them what their birth date is and write down the day you met them. Then on their birthday, send them a nice birthday card. On the anniversary of meeting them, send them a card letting them know they are important to you. Do this one thing and eventually you will have more referral business than you can handle.
c. Most areas have Chambers of Commerce. Do you belong? Do you participate? Do you go to the monthly meetings and get involved? Do you speak to the group? Any group with which you can get involved can be a source of leads for you, if you take the steps necessary to earn the referral.
d. On line groups are fantastic if you are on line each day and respond to the people who show an interest in what you do. You can advertise your product if you wish. If you are a Realtor you can announce new listings. Keep in mind, this is one more tool in ways to increase your referral business. You have to be positive. People want to hear positive things. If you are mad at a politician, it probably is not a good idea to publicize it on Facebook. I have a friend who is a politician. He has a philosophy of being elected that seems to do pretty well. He says, “33% of the people will vote for you, 33% of the people will vote against you, it is what you do with the other 33% that matters.”
Hope you picked up at least one idea today. Tomorrow we will cover choosing a niche market.
Have a great day!
