Double Your Business Using Referrals
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Transcript of Double Your Business Using Referrals
Double Your Business Using Referrals
Create a Continuous Stream of New Customers…
Simona Antosikova
What’s In It For You
Why You Need More ReferralsWOM vs. ReferralsYour Effective Referral SystemsPrimary Referral SourcesYour Complimentary Businesses5 Best Applicable StrategiesGo Forth and Grow!
Could You think up 6 Reasons why you need more Referrals?
Lower Marketing costsHigher RevenuesProspects convert to CustomersBetter customer ‘behaviour’You can concentrate on your businessYou can double your business
What is the difference between WOM Advertising and Referral Systems?
Word of mouth advertising – by chance
Referral systems – predictable – consistent – repeatable
4 Keys to an Effective Referral System
Win-win Institutionalised Measured and improved Systematic
Your Effective Referral System
Give them a reason Give them a free trial What kind of people do you need? An award SYSTEM Follow-up calls Deadlines Give an excuse for referral
3 Primary Referral Sources
Happy Customers Complimentary Businesses Centres of Influence
Your Complimentary Businesses (CB)
Common target market Complimentary Independently owned and operated Willing to experiment Huge marketing budgets
1. Free Advice
Free advice clinics Slow hours Tickets 15-20 Mins
2. Prenuptial Agreement
Agreement Certain No. of Referrals Conditions are met
3. Thank You
Thank You cards Handwritten Customised Employees involved ‘By referral only’ note
4. Rave Reviews
Review panel Influential people in an industry Review your product Offer it them for free
5. Board of Advisors
Executives of CB Centres of Influence Periodical Meetings Advice on how to improve your
business Happy to join for free
Go Forth and Grow!
Tweak the Strategies?TestAdjustMeasure
Thank you for Participating
Your Business Growth Specialists Increasing Your Sales Delivering More leads Coaching Leaders for Success Motivating teams and groups
www.3r.ie