The Endless Referral System: cultivating new prospects and referrals (pt.2)

 

In part one of this series, I mentioned that we should always seek and build more relationships with potential prospects in order to increase our business. And when we do, we should never seek in desperation.

We live an increasingly connected world, so there’s always a chance in finding that one special prospect who would be willing to help out.

When you meet potential prospects, briefly introduce yourself. Ask them “feel good” questions such as, “How did you get started in your business/field?” or “What do you enjoy most about your job?” Questions such as these bring value to his or her life and give them the opportunity to shine. You want “F.O.R.M.” questions that revolve around family, occupation, recreation and message in order to seal the deal with this prospect. But do not be pushy about it and always give them an “out” by saying, for example, “If you can’t do it, I understand.” As Bob puts it, giving them an out is “a way of letting a person feel comfortable with you and the situation by providing them an ‘emotional escape route’”, which removes any pressure they may feel whether from you or themselves. You have limitless opportunities out there. One less prospect will not hurt.

When you have connected with this prospect, send them a nice letter on a notecard (see Bob’s examples at that link, as well as ours below this paragraph) and perhaps, a small gift such as a scratch pad, pen and/or a information booklet on a business topic. Alternatively, you could include an article they might be interested in or a topic related to your conversation.  Doing this will absolutely make them feel valued. Since you have just built this relationship, be patient. Contact them when you are ready, not desperate, to ask for a referral. Lastly, don’t forget to include your new contact on your newsletter database. This increases familiarly with you and your organization and is yet another positive “touch” in the relationship. Want to receive our newsletter, Manufacturing Matters? Click here.

Do you have some favorite networking tips? Share your thoughts and insights in the comment box below!

The Endless Referral System: cultivating new prospects and referrals (pt.1)

Rob Felber, president of Felber PR & Marketing, has been following Bob’s principles for over two decades. Rob may be one of the most networked guys in Cleveland and has cultivated over 1900 connections, as well as endless referrals…

Run out of prospects? It’s time to find new connections

"Each of us has a personal sphere of influence of about 250 people. People will do business with and refer business to those people they know, like and trust." - Bob Burg

Bob Burg, speaker and bestselling author of The Go-Giver and Endless Referrals, spoke in Cleveland about how to “build a prospecting and referral ‘machine’ to continuously create more sales than you ever dreamed possible.”

Who do I talk to now that my list of prospects has run out? Whether or not you have any existing contacts, it is always best to search for new prospects to help increase business, and make those lasting business and personal relationships. Bob said when we try to find someone new, we tend to seek in “desperation.” We lose our posture, which is interpreted as “we care [about our new prospects], but not that much.” So, how do we go about having good posture?

 

  • As long as you do your best then you can let go and begin to find new prospects.
    • Your existing clients are satisfied with the way things are going. So, it’s probably time to find new prospects. Why? Well, why not? This gives you more reason to expand your business.
  • Go to the people who want help – don’t branch out.
    • Not everyone needs help. In the meantime, just make conversation and eventually someone will turn to you. Getting a new prospect does not need to be done immediately, it’s all about the building relationship first in order for them to want to do business with you, which I couldn’t agree more.
  • Know that you’re responsible to the people, but not for the people in making decisions.
    • As a businessman or businesswoman, you’re responsible for pitching yourself to the potential prospects, but not to force them to make a decision. I will further discuss this in the next paragraph.

When we network for connections, we want win-win relationships that are generally caring for their wants and desires. They do not always have to like us in order to do business, but we want prospects who can say “yes” and are qualified to do business with you. Bob introduced president of Influence At Work (IAW) Robert Cialdini’s Six Principles of Influence to explain why people take certain actions. Most of us can agree that we live in a low trust society. But if you can communicate well with your prospects, you will gain their trust.

We live in an increasingly connected world. With apps on our phones that allow instant access to our entire sphere of influence. With every new person we meet or we have increased our connection to 250 people or more. OK, 249 if you discount Kevin Bacon. That right there is your ticket to a network of endless referral business.

In my next post, we’ll discuss additional strategies for building a relationship from the very first meeting.

YOU’VE SENT THE PRESS RELEASE – NOW WHAT?

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To get the attention of the media, think like them. Where their hat for a while

Are you resigned to just sit back and wait for the onslaught of reporters, eager to speak with you?

Here’s what most reporters will tell you: “If we’re interested, we’ll call you.” Here’s what they have told me off the record. “Seriously, I get hundreds of emails a day. If I don’t expect the email, I may not read it. If the subject is boring or off topic, I may delete it. If you really want my attention, you better follow up via phone.”

So, editor and reporter generalizations aside, simply posting your release to an online service is not enough. Yes, you may get search engine optimization (SEO) benefit from the online services. They do a great job with their website affiliates. They report several website postings within the first hour. But, if there is no one looking at that forest when your tree falls, you are out of luck. Like website traffic, it’s all about conversion. Campaign effectiveness can and should, ultimately be measured by conversion. Conversion is anything from inbound phone calls, requests for information, actually sales, etc. The measurements are the same for tradeshows, SEO, direct mail marketing and yes, even sales calls in person.

Let’s rewind and discuss goals. If you are trying to influence a target market and you have identified the publications they read, visit and engage with, then you are 25% there. Start with the publication’s media kit, editorial calendar and audit statement. Study the research and see if your news, product or story fits their editorial guidelines. Each publication has a certain style, editorial direction and differentiating factors. Not sure what they are? Call the editor and they will be happy to explain. See, no one takes the time to ask them. This alone will separate you from the pack. We’ll dive deeper into publication research in a subsequent post. You are closer now, 50% of the way there.

But, you now need to present that news in a way that they will both understand its importance AND see a fit with their readers. This is a tough hurdle but will get you 75% of the way to your goal. You’ve studied the editorial direction. Look closely at the stories the magazine has run over the last two years. Make special note of specific writers and their style and try to align your story with one that is closest to your topic. Not every writer covers the same beat. Consider using graphics, videos, social media infographics; anything that will simply and succinctly convey your message.

What’s the final push needed to move your project to 100% acceptance? It’s the relationship. If the editor has never heard of your company, met anyone at a trade conference or even received news in the past, you have a tough final step. Not insurmountably, just tough. Like sales, the media/company interaction is all about relationships. Remember the professional call asking about their editorial guidelines? That is the step in the right direction. Be a resource and selfless supporter first.

In my next post, I’ll discuss the top five ways to build closer media relations and become their go-to person.

WHAT SKYPE, GO-TO-MEETING AND CONFERECE CALLS CANNOT SEE

 

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Stu Kaplan (Makuta) and Michelle Willmott (Felber PR) enjoy hands on learning

We need to be reminded, from time to time, that we’re humans. Every one of our five senses is important. As one of our favorite clients, Makuta Technics reminds us, there is nothing like “eyes on.” Michelle and I just returned from a two day trip to visit with them in their Indiana factory. When you meet in person, there is a tremendous benefit.

Skype and conference calls are great, but think about what you are missing. Your sense of hearing and sight is much more in tune when you sit across the table, face to face. Add sharing a meal or actually touching product and your firsthand knowledge of how your client manufactures their product is dramatically improved. Now, you are well on your way to deeper relationships through better understanding.

Admittedly, I have been at this for a while, but here’s a short bit of advice:

Next time you start to send an e-mail, reach for the phone.

When reaching for the phone, consider setting up a meeting in person.

Technology is great, but we’re too easily distracted during conference calls, “windshield time” chats to save precious time and video meetings that can be sabotaged by one errant glance away from the camera….connect in person. You will be rewarded.

Rob Felber (Call me and let’s do lunch!)