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Referral Marketing Best Practices

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic (by 6 people)   Your rating: 1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic

Ranked #2684 in Business, #48782 overall

Rated G. (Control what you see)

Build Your Business By Referral

 

You too can build your business by referral if you implement "Best Practices."

Read about what the "best" referal marketers are doing to build their referral business.

The information on this lens is very specific and actionable. (Just do it already!)

Did you know that 50% of buying decisions are made with existing relationships?

35% of buyers ASK for a referral before making a purchase.

...that's 85% of the buying decisions made with a referred source or with someone the buyer already knows, likes and trusts!

15% of your business comes from your advertising.

Where are you spending your money?

If you are spending your money on traditional advertising, you might be wasting your investment by not putting your money developing existing relationships and referrals.

What can I learn on this Lens? 

Show me the Money!

Become a fan of this lens and receive Referral Best Practice Squidcast...or better yet subscribe to 22 Strategies to Getting all the Referrals You can Handle

Business Thank You Cards 

Business Thank You Notes - The Mark of a True Professional

Many successful professionals - Joe Girard, Tom Hopkins, Zig Ziglar, Harvey McKay, Bob Burg, and several others - attribute their success to the use of handwritten thank you letters. These handwritten messages can easily be written on personalized note cards. The challenge for most professionals is the time and discipline that it takes to send them.

A good practice is to find a way to automate as much of the process as possible while still keeping the message personal.

For this to remain effective you need to be able to personalize the messge, the message must be in your own handwriting and with your own signature.

Let me give you a referral to a tool that I use. I have sent over 500 cards in the last year. Send a real personalized greeting card for free.

22 Strategies to Getting all the Referrals You can Handle 

Energize your business with a new strategy each day for the next 22 days

Receive these strategies by email. You can unsubscribe at any time.

Visit The Small Business Guru Blog to begin receiving
22 Strategies...all the Referrals You can Handle-Subscribe Now

Endless Referrals 

Bob Burg

Using this book, thousands of professionals and entrepreneurs have turned casual contacts into solid sales opportunities with Bob Burg's proven relationship-building techniques.

In this completely updated edition of Endless Referrals, he shows you how to:
  • turn every contact into a sales opportunity,
  • dramatically increase your business without spending more time or money,
  • identify the most profitable contacts,
  • network the Internet,
  • set up a successful home-based business,
  • take the intimidation out of telephoning, overcome fear of rejection,
  • succeed in multilevel marketing and mail order marketing,
  • position yourself as an expert,
  • mark yourself for success.
  • Referral Marketing Best Practices 

    Intentionally Build Your Business by Referral

  • Create a written referral marketing plan
  • Maintain a database relationship management system
  • Expand your network of people you know every day
  • Hire a referral Marketing Manager
  • Select a niche and focus ONLY on that one niche
  • Utilize a Pre-Service Promise Referral Contract
  • Recognize people for giving you referrals
  • Ping Your Network every 20 days
  • Give Referrals and be a "Connector" for your Network
  • Institute a Birthday Card Referral Marketing Program
  • Have lunch with a prospective referral source once a week
  • Incentivize your customers to send you referrals.
  • Seek speaking opportunities through local organizations
  • Ask your clients for referrals on a regular business
  • Consistantly add value and show appreciation to your network
  • Regularly sponsor client referral events
  • Thank people for giving you referrals
  • Create a referral source education program
  • Help you primary referral sources to get more referrals
  • Create "pass along" education based tools
  • Ask your vendors for personal introductions to their best clients
  • Employ a systematic process for "Amazing Your Clients"

  • (This great list provided by David Frey of Marketing Best Practices.

    Get More Referrals Now 

    by Bill Cates

  • Enhance Your Referability
  • Network Strategically
  • Prospect for Referrals
  • Target Specific Niche Markets
  • More Business Building Information 

    These are a few of my favorite Lenses

    Here's a small collection of other Squidoo Lenses providing additional information to support the small business, entrepreneur, or home based business.

    "Talk to Me! Become a fan and leave a comment. Please..."

    What I like best about this lens... 

    What else I want to know about referrals...

    Talk to me. I want to hear from you. What else do you want to know about referrals. What resources would you like to see, have, know about?

    ipmarketingllc wrote...

    A great lens for traditional business! I strayed away from traditional business and made a choice for the better!

    David Hackbarth
    Creating Success In Others

    ReplyPosted May 06, 2008

    CliveAnderson wrote...

    Great Lens, I could have certainly used your lenses and knowledge some time ago. But I'm not a closed book and know that we should always be learning. Thank You.
    Kind Regards

    Clive Anderson

    ReplyPosted April 21, 2008

    ShortSaleRealtor wrote...

    great lens 5 stars 4 u

    ReplyPosted March 19, 2008

    Christopher_Scott wrote...

    Great lens on how to get business by referral. Have you ever heard of Business Networking International?

    ReplyPosted March 17, 2008

    riff999 wrote...

    A great resource. 5*
    ~Jane

    ReplyPosted March 16, 2008

    SemperFidelis wrote...

    You have a lot of useful information here! 5*

    ReplyPosted March 13, 2008

    poddys wrote...

    Really useful info. Thanks.

    ReplyPosted March 07, 2008

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    SmBizGuru

    About SmBizGuru

    Melody Campbell, a small business owner for nearly 30 years. Most recenly (2007) having sold her promotional products company. Now as a Small Business and LifeSuccess Coach she works with independent business professionals.


    Melody has trained with Zig Ziglar, Tom Hopkins, Denis Waitly, Earl Nightengale, Brian Tracy, Bob Proctor - on a variety of topics from personal and business to business sales, to coaching and most recently Internet marketing for the small business owner.


    Melody coaches small business owners to:

  • Find the focus needed to develop organized plans and strategic action.
  • Look at the big picture of activity and break it down to a trackable system.
  • Provide prospective on situations to discover if the problem is a "people problem" or a "procedure problem" and identify a solution that either motivates the people or changes the procedure develop a consistant outcome.
  • Identify and develop untapped opportunities to either bring in new business or to convert existing leads.
  • Develop the art of delegation - how to let go of duties and enlist the talents of others to get more accomplished. Teaching the small business owner how to use systems that work all the time for everyone that uses the system, making delegation of duties more successful.
  • Expand the awareness of the small business owner beyond that of skilled technician to that of a "Business Strategist."
  • SmBizGuru's Pages

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