Showing posts with label small business. Show all posts
Showing posts with label small business. Show all posts

Friday, March 7, 2008

Who Do You Know?


Who do you Know? The Art & Science of Asking for Referrals


“Who do you know?” A question many professionals forget to ask during the sales cycle. Sometimes it’s because they don’t remember to do it and sometimes its because they don’t feel comfortable asking, most often it is because they have not made asking for a referral a habit. A referral from a friend or business associate is a powerful way to introduce yourself to a prospective customer.

Yesterday I had the pleasure of attending a Women Certified™ Seminar presented by Delia Passi, President of Medelia Communications and the founder of the Women Certified™ program. To say it was wonderful would be an understatement. For many reasons, two of which were getting certified and meeting other business owners and professionals who also had the desire to do so. It was a great learning experience AND networking opportunity.

During her program, Delia talked about asking for referrals and raised the question of how many of us ask for the referral DURING the sales process. A few of us raised our hands. Then she asked “how many of you ask for referrals once the transaction was complete?” And more hands were raised. There were, however about a third of the room who did not make it a habit. I thought, WOW, they are really missing out on a huge chunk of business. After all, my business is built on referrals and I learned how important it was to ask my current customers “who they know who could use my products, who has a special event coming up, anyone they know getting married that I should contact?” And so forth. All good questions to ask.

I have found that a number of professionals will thank clients for referrals once they receive them, and even reward them. I do that too. In fact, in my retail florist, whenever someone sends us a new customer, we send them Daisy Dollars. These Daisy Dollars™ can be accumulated and used toward a purchase. I designed the Daisy Dollars Rewards™ after many of the point systems merchants use to get their clients to spend more money with them.
The best way to encourage this type of referral to ASK for it!

Of course, the best times to ask for referrals are after you've finalized a sale with a new client, when a potential client has decided not to use your services, but clearly respects what you have to offer, when you follow-up with a satisfied customer several weeks or a month after the sale, and anytime you talk with someone who might know another in need of your services.There’s no time like the present When you first interact with a potential client (or they contact you) if you don’t already know the answer, ask how they heard about you. Stress that your business is built on referrals and you want to be sure and thank the person who made the introduction. Sharing this plants the seed in the new client’s mind for a referral down the line.

Ask for the referral during the buying process. Once you have established trust with the client, it is appropriate to ask for a referral. Not all prospects will turn into clients. They may not need your product or service right now, but they know someone who does. In fact, the prospect may feel bad that he cannot buy from you right now, but he knows someone who could use your service. This is a perfect time to ask.

If you do ask a new client for a referral right away, and she hesitates or feels awkward, make it easy on her by asking her for a commitment to refer someone in her circle at a later date. This will take pressure off her to act now, when she has not had time to think about it. Be sure you follow up on the commitment by calling her at a later date.

When you do follow up, make sure you reinforce the positive experience they had dealing with you as your remind them of their commitment to give you a referral(s). You can do this by saying something like: “Jane, it has been a pleasure serving you, and I look forward to working with you again in the future. By the way, when speaking to your friends about (the experience, my products, my service….) be sure and ask them to let me know that they were referred by you. I want to give them the same great service you too have come to expect.”It’s also okay to ask for multiple referrals. After someone gives you the name and contact information of one person, simply ask, "Do you know anyone else you could refer me to?" You will be amazed at how often someone will think of two or three additional referrals.

If you don’t ask, you will never know. Sometimes that’s all a satisfied customer needs to jog her memory.

Use every meeting as your opportunity to ask for a referral. Make it a natural part of your conversation.

Make it a habit to ask for a referral the way you ask for the business! Doing so will make your business soar!

BTW, at the end of the program, Delia asked for referrals from participants. I and several others in the audience went up to her afterwards and referred companies and individuals who would benefit from taking her course.

I am delighted to be a new member of the Women Certified™ program and will proudly display the Women Certified™ Seal on my websites. Be sure to check out their online course today!

Tell them Heidi sent you :)

note: in addition to founder of Medelia Communications, Delia Passi is also the author of Winning the Toughest Customer: The Essential Guide to Selling to Women which everyone receives upon completion of Women Certified™)

Saturday, February 23, 2008

Are you in Control of Customer Service?

On one of the RYZE Networks I am active on (Small Business Think Tank), the question of the day a few days ago was regarding Customer Service and how we react to bad service.

Here’s what I wrote:

It is rare that I have a bad service experience, although that was not always the case :).

In order for the experience to be pleasant for me, I consider it my job to make it pleasant for the person providing the service. I do that by working to change the server's attitude BEFORE it becomes bad. How? By checking MY Attitude beforehand and beginning with a smile. I have found when I am in a rush and seem annoyed, it is projected to the sales person and if they too are having a bad day, it just escalates the situation. You would be surprised just how much of the service equation is in our control.

I usually begin by using her or his name - why? Because most people don't. By addressing the person by name, it creates a familiarity which disarms most people from being rude. I then ask their opinion about something relative to what I want. If its dinner, I ask what they suggest or what's good on the menu, what's the most popular or even what sells out the quickest. I might even ask what they would choose? On more than one ocassion the server has said to me "Oh, I NEVER eat here!" It's a great conversation starter. And when you engage them, they are more likely to push your order through - especially when you are in a hurry.

If there is something to compliment the person about (such as her smile, his tie or another personal attribute) I do so. Maybe the person isn't having a good day because the last person they waited on just did a number on their self-esteem so I figure it's my job to balance the scales.

At the end of EVERY transaction I always say thank you for the great service and wish them a great day.

BTW, I learned a lot of these techniques from my dear friend BOB BURG, who is the author of Endless Referrals and Winning Without Intimidation. He has a wonderful newsletter of the same title which is filled with tips to make every interaction with another end on a positive note.

What's Your Experience?

Wednesday, August 8, 2007

10 tips to On-hold Profits

"You can't move up, unless you STAND OUT." Tom Peters


As previously mentioned, I will be speaking at the 1st annual Entrepreneurs Virtual Convention to encourage and promote partnering and forming strategic business alliance amongst busy entrepreneurs. ...

One of the ten strategies I will be sharing is How to leverage On-hold time to add to your bottom line.

Did you know that the average on hold time in America is 43 seconds? If your on-hold message isn’t selling something or providing your customers and clients additional information, it’s time to do something about it.

Remember the mantra, "The more you tell, the more you can sell." Implement this in your on-hold messages and see how much it adds to your bottom line! Here are 10 tips to increase your profits:

!. Make your on-hold message compelling. If it just tells the listener who you are, where you are and what you do, that’s okay; but not compelling. While the caller is on hold – give them a reason to continue to listen. Tell them about your latest special. Or an add-on product they might not have known you offered or even considered purchasing.

2. Update your message. Tell the caller what’s new or improved in your business and product offerings.

3. Make your on-hold message funny or interesting. Share industry trivia with the caller.

4. Win any awards lately? If you are a recipient of the Best Florist in Dakota award, be sure to include that in your on-hold message. Include community involvement in your message.

5. Include your website URL, fax and email address in your on-hold message.

6. Share any changes in location or hours. Don’t assume the customer automatically knows that information.

7. Include directions to your place of business. Make it easy for the client to find you. Oftentimes this is the only information a client needs and the on-hold message will tell that so you don’t have to.

8. Have a company jingle? Play it while the customer is on-hold. This is a great way to reinforce your brand message, and if it is catchy you might just catch the caller whistling (or singing) along with your message.

9. Use customer testimonials in your message. Audio testimonials are powerful sales tools and make the decision to buy easier for the prospect.

10. Let the caller know what else you can do for them. Does your staff have special skills or talents that can help the caller make a buying decision? Tell him or her.

Are you seeking additional ways to strengthen relationships with current customers? Do you want to know what the other Nine Stratedgies are?

Tehn be sure to register at: http://www.fullcirclementoring.org/eventdetails.cfm?EventID=51

Hope to see you there!

Heidi Richards, Founder & CEO, The WECAI Network™

Monday, June 25, 2007

The Power of "Masterminds" or HER Masterminds!

“When two or more minds come together for a purpose, the purpose becomes greater than the being.” Napoleon Hill

I recently took over an existing RYZE Network (the SHE Network) and renamed it HER Mastermind Network. The reason for the name change was to give the network a name that truly reflected our personality and what it is we do on this social networking site.

You see, I think of social networking as a sort of mastermind group. Although these types of forums tend to be much larger than a traditional mastermind, the idea is the same. To learn from a variety of perspectives, to get ideas from more people, to brainstorm ways to tackle everyday challenges... and more.

Here's my definition of a mastermind group: "it is a group of people who meet on a regular basis to exchange ideas, seek the advice of the group and solicit feedback from. It is a resource center of new ideas."

Many small business owners feel isolated and that no one really understands the challenges you face in your business. A Mastermind Group or Network will lessen that isolated feeling.

Over the yearsI have been involved in several masterminds. Some of them meet/met in person, some were and are online exchange between female speakers around the world. Some were started by others and I was invited to attend, some were co-founded by me.

Each of them have helped me both professional and personally, taking my businesses to new levels of success and helping me to crystalize what my purpose in life is. They have helped me to find out what it was I was really working toward, helped me set and achieve goals and offered the kind of encouragement that was necessary when things didn't always go my way. So I thought it would be a good idea to share some of the things I and others have discovered from participating in a mastermind group.

The first thing you need to do is know what it is you want from a mastermind group and what you can contribute to the group.

Highly successful mastermind groups work best when you follow a few simple guidelines:

1. When deciding who would best fit in your group, choose people who have specialized knowledge you lack. Enlisting people with very different outlooks strengthens a mastermind group.

2. Make a time commitment and stick to it. It doesn't matter if you meet once a week or once a month. The point is that when you decide the frequency, make the commitment, don't allow anything except serious emergencies to interfere with your date.

3. Create an agenda to follow. This provides a sense of order during your meetings. Sample agendas might include open discussion at the beginning of the meeting and then focusing on individual challenges for about 20 minutes each.

One of my in-person group (of 6) focuses on one member's challenge each meeting with the others offering their feedback or advice. Each member gets her turn to share. This is very powerful because each of us learns something from the other's challenge. My online group meets in a "chat room" and we each ask a question (there are 5 of us). The other 4 offer their responses. We meet for approximately one hour and we have open discussion at the end of the meeting if there is time.

4. Our in-person meetings are fun. We meet in a different place each month, and it has become as much a social event as an educational experience.

5. Keep it Small and Simple. If your group is too large you run into the challenge of everyone not having sufficient time to present their own challenges. Groups of 4 to 7 work seem to work best.

6. Decide on your rules of engagement in the very beginning. My in-person group openly discusses details of our companies with the understanding that our "inside" secrets" are never divulged outside of our group.

7. Depending on the nature of your group you might consider assigning a facilitator for each meeting to keep the group on target. You learn to facilitate by doing it.

Another key component I should mention is that a true mastermind has an accountability component - that means we help one another achieve our goals by asking how we are doing, offering encouragement and "holding our feet to the fire."

I love the interaction and dynamic flow of ideas that occur during my mastermind group meetings, and cannot wait to get to work on everyone's suggestions. It is exciting to see the results at the end of the year.

When you create your own mastermind group you will see an immediate change in how you approach your own challenges. And the other benefit is that it makes you really look at problems from a new perspective - you find that business owners are more alike than different even when we "sell" a different product or solution to our own target audience.

Being involved in mastermind groups for more than 15 years has been more rewarding for me than I could ever describe, in that I have received so much more than I could ever give back.

If you are not currently involved in a mastermind, I strongly suggest you begin by making a list of the people you would want on your team – I call it your "dream team" - to help your business grow. It may be the best step you take for your business this year!

Warmest regards,

Heidi