Are you any good?
As a selling professional, do you have satisfied customers? Have you helped your buyers to reach their goals? Have you saved anyone time and money? Do you deliver on time every time? Do your customers appreciate what you do for them? Do you have customers who come back over and over again to buy from you?
If you answered “yes” to any one of those questions, be sure it’s not a secret. As a seller, you need to get the word out that you are worth talking to and potentially doing business with, too. The best way to get that word out there is by getting some referrals from your satisfied customers.
Buyer referrals are potent. Contrast the good word of a satisfied buyer to a completely cold call – which introduction would you rather have to a new prospect? What’s more, referrals cost less in terms of time and energy spent. Even better, the referring buyer is also re-committing to you every time they make a referral on your behalf. That means that referrals have a multiplier effect, too!
There are only three reasons buyers don’t make referrals for their sellers. Two of these, the ones that account for the majority of missed opportunities, are completely within your control.
The first reason buyers don’t make referrals for their sellers is that they are dissatisfied with the seller. But you don’t have to worry about that – the mini self-assessment above established that you are, indeed, worthy of referrals. So you can’t use this as an excuse for not getting referrals.
The second reason buyers don’t make referrals is that they don’t want to share a good thing. Maybe you work in a narrow vertical and your buyers don’t want you talking to their competition. Or maybe your buyer believes that you’re as busy as you need to be, so they don’t want to share any more of your valuable time with others. These might be valid reasons why buyers don’t give you referrals… But I think these are isolated cases, so do a reality check before you give yourself a free pass on this one.
The only other reason buyers don’t make referrals for their sellers is that they just don’t think to do that. Why would they? That’s why it’s up to sellers to ASK for referrals instead of sitting back and hoping for them. Asking isn’t all that difficult to do. Use these guidelines and start asking for referrals today.
Every time you get a referral, be sure to thank the buyer who helped you make the connection. Your sincere gratitude, coupled with the appreciation of your new customer, will lead to more referrals. To get started, all you have to do is ask!