|
|
Like this article? PLEASE +1 it! |
|
Specialists Win More Referrals
|
| Guest post by: Ivan R. Misner |
Article Overview: If you claim to do everything, your clients won't rely on you for anything.
![]() |
Free Download - Sorting Out Who's Who By Ivan R. Misner |
Specialists Win More Referrals
You may perform a variety of services or offer a range of products, but if you want a referral, your description of what you do should be detailed and focused on a single aspect of your business.
Your referral sources will find it much easier to get you an appointment with a prospect if your sales message addresses the prospect's specific needs. You're an office-furniture wholesaler? No help. You specialize in custom-designed, made-to-order desks, shelves and file cabinets in large lots? Bingo. You've snagged an appointment.
It seems counterintuitive, but in reality the more specific your description, the more likely you will receive referrals. People tend to say they do everything because they want to throw as broad a net as possible, catching everyone.
The problem is, a really broad net has big holes in it. When you say, "I'm a full-service printer; I do everything," that doesn't mean anything to your prospects, or to those who refer you to them. What they're thinking is, I don't need a full-service job. All I need is a particular kind of print job.
If I've come down with a serious illness, it doesn't help me much to know that there are three hospitals in town. What I really want to know is which hospital employs the specialist who can cure me.
When you tell a referral partner you're a full-service provider, you ask her to mentally sort out all the people she knows and cross tabulate what they do against all the things you do. That doesn't work; people aren't computers. A referral partner needs to know the full range of your products or services--eventually. She needs to know, immediately and with some precision, the specific needs you can fill, because that's what the customer focuses on in any given instance.
If you say, "Who do you know who's a sports enthusiast? Here's how he can use my product," then you're letting your referral source do a simpler kind of mental sorting. The more you can educate people about the different things you do--one at a time--the more likely you'll get referrals in the long run. And getting referrals in a specific area doesn't mean you can't continue to offer other products or services.
When operating in a referral network, your immediate goal isn't to close a sale; it's to train a sales force. You're training people to refer you, and saying that you're a full-service provider and that you do everything doesn't train anyone. You wouldn't tell a salesperson for your company, "Just tell them we do it all." As the specialist, you can more thoroughly articulate to your referral sources what you do and how you do it, allowing them to present it readily to other people.
A professed generalist will likely be considered a "relationship assassin." Suppose an insurance agent who's just joined your group comes up to you and says, "I can cover all of your insurance needs. I have life insurance, medical insurance, auto, home, business and every other kind of insurance you'll ever need. I'd like to be your one-stop insurance shop." But you already have coverage from five or six different agents, most of whom you have solid business and personal relationships with. And she's asking you to dump all your relationships and replace them with one relative unknown--herself.
A better approach for her would be to say to you, "I'm a life insurance agent who specializes in executive benefits, specifically for tradespeople. My passion, in my insurance practice, is to deliver executive benefits packages to owners and managers of contracting firms so that they're able to retire effectively with tax-protected investments and be able to sell that business."
This way, she addresses a specific need you may have, but she's not trying to assassinate all of your long-standing relationships. She presents herself as an expert in an area where you need expert advice, rather than a generalist with broad but superficial knowledge.
You may still not be convinced that narrowing your focus is a good idea. You may think that if you present yourself as a specialist, you limit your potential referrals and future business; that is, you can't do business outside your niche. The truth is, whether you're a true specialist or a generalist presenting yourself as a specialist in order to facilitate easy referral, you're not limiting yourself by doing so. People are actually more likely to refer a specialist than a generalist.
If you're like most specialists, although you generally do only one or a few kinds of business, you still offer related products or services. Yes, you've narrowed down your business to the things you like to do or do best, or bring you the most profit, but you can do other things. And one good way to attract long-term business is by stepping outside your niche and taking on the occasional odd job that can win you a loyal customer for future business.
One last point: If you sell everything, you're not selling on value; you're selling on price. That makes you a provider of commodities. And that strategy can work for you--but only if you're Wal-Mart.
Article Tags: appointment, bingo, cabinets, desks, different things, full service provider, holes, hospitals, office furniture wholesaler, prospects, referral partner, referral source, referral sources, referrals, sales message, service job, service printer, shelves, sports enthusiast
|
About the Author: Ivan R. Misner RSS for Ivan's articles - Visit Ivan's website Dr. Ivan Misner is the Founder & Chairman of BNI, the world's largest business networking organization. BNI was founded in 1985. The organization has over 5,800 chapters throughout every populated continent of the world. Last year alone, BNI generated 6.5 million referrals resulting in $2.8 billion dollars worth of business for its members. Called the "Father of Modern Networking" by CNN and the "Networking Guru" by Entrepreneur magazine, Dr. Misner is considered one of the world's leading experts on business networking and has been a keynote speaker for major corporations and associations throughout the world. He has been featured in the L.A. Times, Wall Street Journal, and New York Times, as well as numerous TV and radio shows including CNN, CNBC, and the BBC in London. Dr. Misner is on the Board of Trustees for the University of La Verne. He is also the Founder of the BNI-Misner Foundation and was recently named "Humanitarian of the Year" by a Southern California newspaper. He is married and lives with his wife Elisabeth and their three children in Claremont, CA. In his spare time!!! he is also an amateur magician and a black belt in karate. Click here to visit Ivan's website Build Relationships That Last To Bow or To Shake Hands Cultural Differences Boost Sales With More Referrals 3 Common Delusions about Referral Sources WordofMouth The Worlds BestKnown Marketing Secret |
Related Forum Posts
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
How to Write Your Articles for Better SEO
Ways to Improve Your Landing Page Conversions
What If You Had a 100% Success Rate?
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.



