THE CASE OF THE MISSING REFERRALS
C.J. Hayden, MCC
One day, the phone just stopped
ringing. At first, you may not have noticed it. You were busy serving your clients, keeping up in
your field, and getting the bills paid, like all good professionals do. But then a project ended or
a client quit, and you didn't have a replacement waiting in the pipeline. Suddenly you realized that
it had been quite some time since any new prospects were referred to you. Yikes, what's going on?
Whether you've been in business ten
months or ten years, it can take you by surprise when referrals suddenly dry up. When business is
thriving, referrals routinely arrive in one of two ways — either you hear from prospects who
say they were referred by someone else, or people in your network pass along the name of prospects
who need you. If neither of those things are happening, you have a problem. Without referrals,
you'll have to work much harder to get new business.
But where have your referrals gone?
You may need to put on your detective hat and do some sleuthing to find out. Here are some of the
most common reasons why referrals disappear, and what you can do to get them back.
1. You've dropped out of sight.
When was the last time you attended a networking event? Volunteered on a committee? Wrote an
article? Spoke in public? Sure, you've been busy, but if you stop being visible in your target
market or professional community, people forget about you.
Clues: The only appointments
in your calendar are client meetings. When you run into colleagues, they say, "I haven't seen you in
a long time."
Solution: No matter how busy
you are with client work, make it a practice to do at least one thing each month that keeps you
visible.
2. Your network has stopped
expanding. When your contacts are limited to people you already know, your referrals are limited
to only the people that they know. Without anyone new in the circle, there's nowhere for
fresh referrals to come from.
Clues: You haven't added any
new names to your contact database in months. You can't follow up with your network to stimulate
more referrals, because you've already talked to everyone you know.
Solution: Ask the people you
know to introduce you to any of their contacts who might be helpful. Spend some time getting to know
these new folks. Then they will become your contacts, too, and your network will automatically
expand.
3. You're networking with the
wrong people. Perhaps your clients are consumers, but your networking contacts mostly have a
corporate market. Or all your networking is through your professional association where most of the
members are direct competitors.
Clues: You're in touch with
many people on a regular basis, but no one is referring to you. When a referred prospect does
contact you, their needs aren't a fit for what you do.
Solution: Identify categories
of people who have regular contact with your target market, and are likely to encounter needs you
can fill. For example, a small business accountant will be more likely to get referrals from
networking with attorneys, financial planners, and bookkeepers than by spending time with corporate
consultants, health practitioners, or other accountants.
4. People think you're too
busy. When you give the impression you're overwhelmed with work, your contacts will stop
referring to you. But if you wait for your workload to lighten before putting out the word you're
ready for more, it will usually be too late.
Clues: You hear that one of
your old referral sources sent business to a competitor. Someone tells you, "I thought you weren't
taking new clients."
Solution: Return phone calls
and emails from referred prospects promptly, even when you're too busy to help them. Refer them on
to someone else you trust, then thank the person who sent them to you. This will encourage your
contacts to keep referring in the future, as they know their referrals will always be taken care
of.
The secret to avoiding the "feast
or famine" cycle that plagues many professional service businesses is to stay visible instead of
hunkering down in your office, and nurture your network even when you don't need it. In order to
keep a constant flow of referrals coming, you need to give your referral-building activities the
same high-quality, consistent attention you give your client work.
That way, you'll be able to focus
your detective skills on solving problems for your clients instead of having to worry about where
your next client is coming from.
Copyright
© 2009, C.J. Hayden
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