When Referrals Are Not Enough
Does your business rely on a steady flow of new clients to make a profit?
Are you relying on referrals for all of those new clients?
Does it impact upon you when referrals quieten down or things become less busy?
Recently, a prospective client called me and explained that he was relying on referral business to get new clients. This strategy had been working fairly well, but when Covid hit, and networking was restricted, his referrals dried up and he had no new clients to do business with. This presented a major problem!
After going through our client qualification process we determined that we were a good fit for each other and started working together with clear goals for the number and type of clients he was looking for. I worked with his team and we identified a pool of ideal prospects and a process for reaching out to them.
When he implemented these steps he was managed to increase his team’s call to appointment ratio from 12% to a whopping 85% success rate in just one week (This means that for every seven calls they used to make they now only need to make one!) and he also realised how much more effective and profitable this strategy was than his former networking process.