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Get Warmer with Cold Calling: Using Referrals to Keep Profits High and Sales Work Low

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If there were a way for you to work less and sell more, would you be interested? If I could provide you a simple method to reduce advertising and increase sales, would you be interested? Of course! The answer lies in your ability to address the simplest selling method: referrals.

In a recent survey of 1,100 business owners for my latest book, 87% said that they don’t ask for referrals. One of the easiest modes of marketing is referral. With the increase in competition, two things exist: a need to differentiate from competitive forces and the desire of consumers to have faith in you. Clients desire to do business with those whom they are familiar with and trust. The best way to connect these relationships is through an introduction.

Successful sales professionals and business owners understand how to obtain business with the lowest acquisition cost. A former web developer would ask me each time we either spoke directly or met for at least two to three recommendations. He was very persistent. And in less than six months, he was booked solid for the next three years. He never made a cold call again, nor did he advertise to bring clients to his store.



There are two questions that require answers:
  1. Whom do I ask for referrals?
  2. What is the best way to ask?
The answer to the first question is easy: ask friends, peers, colleagues, and, importantly, existing clients. This requires a review of your inner circle. Review your 25 closest contacts and ask that they provide you at least two to three contacts. Ask your 25 to 50 closest clients for the same. The math speaks for itself; should your peers and clients give you two referrals each, your number of referrals will rise from zero to 200. Imagine what would happen if you conducted this exercise once every 30 days; that’s 1,200 new prospective clients in six months!

The answer to the latter question requires timing and tact. The best time to request a reply is when you are with a satisfied client, you have accommodated a need, and the client is happy. While the client is content with your service, ask the following: “I thank you for your business and am glad we have worked well together. Would you mind providing a name or two that seek to obtain similar value that I provide?” Your suggestion of value focus, contentment, and relationship will synergize and provide names.

As an action step, develop the daily habit of asking for referrals. Make this attempt religiously. If necessary, place a note in your day planner or electronic calendar so that it becomes habit. The more requests, the more names received. Continue to ask and watch your business soar without effort!

About the Author

Drew Stevens, Ph.D., is known as the Sales Strategist. Dr. Drew creates more revenues in less time. He is the author of seven books including Split Second Selling and Split Second Customer Service, as well as Little Book of Hope, and he is frequently called on by the media for his expertise.

Sign up for Dr. Drew’s newsletter, The Sales Strategist, by emailing
drew3-143901@autocontactor.com and review his new book Split Second Selling at www.gettingtothefinishline.com/products.php. Also, visit Dr. Drew’s blog, located at drewjstevens.blogspot.com.
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