“Rob is superb! With our audience of high
calibre and seniority, the depth of content
and energy of delivery was extraordinary
and the feedback excellent!”
David Allanson,
Director and Head of Large Corporate NW, Lloyds TSB
I may not know you personally, but
I know this about you...
* You should be getting more referrals than you are.
* You don't ask for referrals as much as you should.
* You're equal to, if not better than your competitors in talent, skills
and desire to succeed (because you're on this incredible website!
If you want more referrals, you've
got to be more referrable. People are not going to blindly put their faith in
you and everything you stand for by introducing you to their nearest and
dearest to do business with UNLESS you are a safer bet. In other words, more
referrable than you are. To do that you have to do five things:
1. You’ve got to do something different or better than you’re doing now.
2. You’ve got to do something different to or better than your
competitors.
3. You’ve got to show benefit to the other two stakeholders (your source
and the referred person).
4. You’ve got to leverage your worthy service and added value by asking.
5. You’ve got to have a plan and execute it.
If you want to be more referrable,
you must change your traditional definition of BD (Business Development) to
something a little more in keeping with your desire for more high quality
referral business: BD = Better and Different!
I was recently reminded of some
eternal wisdom coined by marketing guru, Jay Abraham. He states that there are
only three ways to grow a business:
1. Increase the number of your customers or clients.
2. Increase their average transaction value.
3. Increase the frequency of their repurchases.
To grow your business, simply find
a way to maximize each one. Moreover, if you can nudge all three a little
higher, your growth will be exponential!
To increase the number of your
customers, you just need to open up your routes to market. That means meeting
more people, networking more productively and effectively, increasing your
connections and leveraging your existing relationships for referrals,
recommendations and introductions.
To increase their average
transaction value, all you need a greater share of their wallet. This is the
domain of cross-selling and up-selling, and you do that by going deeper with
your relationships. When you find out where people are hurting, what's causing
their pain and what's giving them problems.
To increase the frequency of their
purchases, simply keep in contact with them. Find reasons to connect, to stay
in touch and to give them reasons to keep coming back.
Business is simple but not easy.
You have to do things better and different to your competition. So what are you
going to do to grow your business today?
If you ask anyone in business for
one word they would use to sum out how they wanted to be seen, then a 'winner'
would be high on the list. It encompasses everything. It covers values such as
effort and integrity. It espouses traits such as persistence and dedication. It
evokes feelings of success and enhanced reputation. So what exactly makes a
winner?
As inhabitants of the world of
business, we can learn much from our friends in the world of sport. Here are
five things you can do to be MORE of a winner:
1. Work on your skills.
Business philosopher Jim Rohn says 'don't pray for less problems; pray for more
skills'. If you want to be a winner, you've got to 'up your game' and work on
your skills.
2. Focus on what you can control.
You can't control the weather, the crowd or even the referee. But you can
change your attitude, your thinking and your actions. So put your energy into
doing that.
3. Move on from mistakes.
Understand what went wrong, learn as quickly as possible what you need to put
right, then move on! What's gone is gone.
4. Look after yourself.
High performance requires high energy. That means get enough rest so you
maximise alertness and endurance. That means you eat well - good fuel in means
good energy out. That means drink plenty of water.
5. Take time for you.
Whether you do your garden, go for walks, play video games, play gold, go to
the gym, jog, read fiction or listen to music, it's vital you relax into stuff
away from the matter in hand.
I'm doing just what I'm telling you.
It's simple but it's not easy. I'm working on my skills, focusing on the main
things I can control, getting things wrong but learning, looking after myself
and taking time for me (I've just spent a few weeks reading all the Harry
Potter books!)
Winners don't win by accident. If
you want to win more business, become the expert in your field or build
stronger relationships, you do it on purpose!
If what you do is optional, or what
you do has competitors, people can choose
NOT to use you! Now read that again. Let’s say you’re in banking. When
people need to save money, they can put it under the floorboards or under the
mattress. Whey want to borrow money, they can go to the FFF Brigade – friends,
family and fools – to lend it to them! A bank is optional. Alternatively, they
could take their pick from one of 50 UK banks and a host of international
ones. A bank has competitors.
Buyers have choices. In an ever
more expanding world, people have ever more varied choices. What strong brands,
persuasive sales people and compelling propositions do is narrow those choices.
They blind buyers to the competition and encourage them to buy from you. How do
you do that? One of the most important ways is to pay a healthy disregard to
your competitors.
"When
we stopped looking at what our competition were doing and started looking at
what our customers were doing, that's when we became number one."
Terence Leahy, CEO of Tesco, one of
the largest supermarket chains in the world
If you pay too much attention to
your competitors, you are in danger of looking, thinking and acting like them.
That's why 90% of banks, accounting and legal firms do exactly the same. You
have three choices with competitors:
1. Devote more than 1% of your TME (time, money and effort) monitoring
them and allowing them to dictate your strategy.
2. Ignore them completely.
3. Something in-between.
Now I'm not advocating the first
two. Why? Because you need to have some idea. You can get great ideas from your
competitors on both what to do and what not to do. But keep it healthy! Save
room for innovation. Sail your own ship. Plough your own furrow. Do your own
thing.
When you do, you'll find that you
give people a good reason to choose you instead of all of their other choices,
including doing nothing!
Did you know that 80% of business
networkers are male? Despite the emergence of a number of successful women only
networking groups and the increased presence of females in traditional male
environments, it is still predominantly a man's world out there.
While I believe women are actually better natural networkers than men, it's the
men that largely dictate the rules of the game. Here are three key differences
which will give you more insight into the respective minds, and also make your
networking more productive:
1. Women do 'small talk' better than
men. It permeates their business talk throughout. With men, it tends to be
an early part of the process before moving onto business issues.
2. Female conversations are more fluid.
Women can bounce in and out of business and small talk and from one topic to
another with greater ease than men. They can entertain multiple conversations
and themes. Men hit a theme or track, and tend to stick with it before moving
onto something else.
3. Women talk outside the talking.
They read body language, gestures and facial expressions better than men. They
are excellent 'silent networkers'. Men are more focused and in many ways more
productive, because they ask the questions they want answers to and are more
direct.
Look at the ways in which men and women network. Generally speaking, you are
looking at two different animals. And there are great things to learn from both
sides.
If men networked more like women
they would listen better, build stronger relationships more quickly, get to
know people more personally, keep in touch better and build more trust.
If women networked more like men,
they would find networking more productive, more lucrative, more effective and
more accessible. They would be taken more seriously, develop more credibility
and generate more business opportunities.
It pays to know these differences, as they help you play the game and
appreciate the opposition. I can see you people watching at your next
networking event!
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