Wii Referrals

Commentary January 07, 2010 at 07:00 PM
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Just the other day, I was handily beaten at Wii Bowling by my 7-year-old daughter, Jessica. In the throes of defeat (which I'm pretty used to), it occurred to me how good we would be at generating more referrals if, in fact, this process was a Wii game.

Just as Wii can help you with strength and balance, Wii Referrals would help you be much more effective at generating referrals for more business or career opportunities.

Why are there so many issues with asking for business referrals, anyway? I asked the 7-year-old, but she didn't know. In any event, I spent the better part of last week delivering seminars and coaching financial advisors on networking approaches and referral marketing. It amazes me how many advisors (at all levels — newbies, base reps, even conference qualifiers) either have issues asking for referrals, or have conveniently eliminated this important task from their marketing plan.

But referrals are the name of the game. So what's wrong with this picture?

In order to get gain more referrals, you have to be referable. But how do you become more referable?

There are four things you must have in place to be referable or at least more referable than you might already be. You must…

#1: Be likeable
This may seem obvious, but it's not — as evidenced by all the people who you don't like. Oh, and you may not realize this, but not all financial advisors are likeable. No worries, though. There are plenty of sales reps in other industries who aren't likeable, either. Feel better?

If you're not sure if you're likeable, ask your clients. Ask your prospects. Ask your friends, family, and associates. Most importantly, ask yourself. People do business with those they like. It's just the way it works.

Here are some questions to ask yourself just to get you started.

  • Do you come across as a know-it-all?
  • Do you have an opinion about everything — and share it with everyone?
  • Do you go out of your way to push your agenda?
  • Are you too salesy?
  • Do you do more talking than listening?
  • Is it always about you (not them)?
  • Do you talk behind people's backs?
  • Do you seem phony?
  • Do you genuinely care about people?
  • Do you like to help others?
  • Do you like to watch people succeed?
  • Do you do what you say you're going to do?

#2: Be good
Have and develop a body of work that reflects success. Know how you help people. Continue to hone your craft. Read a lot. If you can, write a lot. Be up on the latest news and trends. Be inquisitive and curious about the nature of people and the work they do. Be a student in your particular industry, whether it's financial services, real estate, or whatever. Always look to solve your clients' and prospects' problems. Heck, that's how many prospects become clients! Focus on doing the best you can. Get feedback, and constantly ask how you can improve. Strive to always be better the next time. If you do, you will be!

#3: Be compatible
Know the markets you serve best, and therefore wish to serve most. Some (meaning me) might refer to this as your target market. Become as compatible as you can with that market. Know the challenges, struggles, trends, and successes in that marketplace. Be a resource that speaks to some of the issues. Know the typical personality types, and have an approach that benefits them. Read what they read. Say what they say. Become one of them. Let people in that marketplace think you're from that marketplace.

#4: Have a process
Given the above, do you have a system in place to meet, greet, and attract referrals? Do you ask every client for a referral (when the time is right)? Do you ask every prospect (when the time is right)? Do you have a way of communicating with those you meet at networking events and business functions — a way that makes you referable? Do you even know what a referral is? (For the record, a referral is an introduction to someone expecting your call, in which you will potentially ask them to do business. With you)

I play the Wii Referral game — except in my version, "Wii" is actually spelled "we" (as opposed to "me"). Warning: Sales reps have a tough time with this concept. Consider yourself warned. To play, simply adjust buttons A and B on your joystick and recite the following:

  • Would you be open to exploring how we can refer one another business?
  • Would love to get to know you better to see how we can help one another.
  • Let me follow up with you to figure out how wecan help one another.

Here's the catch, though. You have to be likeable. You have to be good. You have to be compatible. And you have to mean it.

Michael Goldberg is a speaker, author, consultant and the founder of Building Blocks Consulting.For more information or to subscribe to Michael's free online newsletter and blog The Building Blocks to Success please visit www.NetworkingForProducers.com or www.TheBuildingBlockstoSuccess.com.

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