Top 7 Tips in How to Pitch and Catch Business Referrals

Business referrals are the source of 80% of all new sales according past and current market research. What continually amazes me as a business coach these past 8 years are the number of small business owners who fail to leverage this untapped revenue resource. Possibly, these 7 tips may help you to change your current business results and catapult sales to new levels of success.

1. Revisit all clients (current and old) and ask for a referral.


When was the last time you ask a former client or a new client for a referral?


2. When meeting new prospects or even suspects, upon the end of your conversation ask the following: "Do you know of anyone who might benefit from my services or products?"


Asking is a powerful tactic to increase sales.


3. Incorporate asking for 3 solid referrals within your proposal or statement of work.


Establishing a process for consistency securing new referrals from satisfied and loyal clients is truly a "no brainer."


4. Meet with other members of your networking groups or strategic alliances and learn more about them so that you can “pitch” their services or products if and when appropriate.


Referrals are not a one way street. You must also think of others with whom you have established business relationships. Referrals are part of the Law of Attraction and the Law of Abundance.


5. Always use the referred person’s name (with permission) when contacting a referral.


By using the name of the referral source warms a cold call into a warm cold.


6. Update the referring individual as to the progress of the referral.


By keeping the referring individual aware of the progress shows that you are a person of high integrity.


7. Establish a monitoring system for all pitches and catches so that you can determine if your catches (closed deals) land in your glove or end up being a run-a-away (lost deal).


Keeping track of your referrals is necessary so that you not only acknowledge the referral source, but can determine the source of all new sales. Measuring your activity allows you to work smarter not harder.

If you are not actively using referrals as a strategy and a tactic to increase sales to your bottom line, you are potentially missing thousands of dollars in new revenue. And after all, business is all about revenue, no ifs, no buts and no maybes.


Article Source: http://www.content.onlypunjab.com

Leanne Hoagland-Smith, M.S. is a business coach who specializes in strategic planning with offices near Chicago, IL and in Indianapolis, IN. She writes, speaks and coaches businesses along with individuals to quickly double results through the creation of an executable strategic plan. One quick question,if you could secure one new client or breakthrough that one roadbloack holding you back from success, what would that mean to you? Then, take a risk and give me, Leanne, a call at 219.759.5601 to experience incredible results. Visit www.processspecialist.com/ and explore everything from free articles to connecting with Leanne.

Please Rate this Article

5 out of 54 out of 53 out of 52 out of 51 out of 5 

Not yet Rated



Click the XML Icon Above to Receive Top7-or-10-Tips Articles Via RSS!
Additional Articles From - Home | Business | Top7-or-10-tips
• 10 Things Every Home Based Business Owner Needs. - By : Anuj
  
• The Pitfalls of the Work From Home Craze - By : Hanit
  
• Cornhill Asset Management: Self Invested Personal Pension (SIPP) Eligibility, Transferability and Funding Parameters - Part 2 of 3 - By : Cornhill Asset Management
  
• Tipping Guidelines When Visiting Countries - By : Richard Chape
  
• Travel Details That Can Save Your Trip - By : Richard Chappoe
  
• Advice On The Purchase and Care of Furniture - By : Stefan Teek
  
• Advice On The Purchase and Care of Furniture - By : Stefan Teek
  
• Top 10 Ways To Know Before Starting Your Own Online Business - By : Parul Tyagi
  
• Motivation – Choice Applications - By : Scott Lindsay
  
• Digital Recording For Transcription of Interviews – Top Seven Tips - By : Anne Hickley