To ensure delivery, please add my 'From' address [john@ducttapemarketing.com] to your Address Book.
You can view this issue on line at http://www.ducttapemarketing.com/newsletters/Educate-Your-Referral-Sources.htm
Small business marketing advice

DuctTapeMarketing.com
June 15, 2004

In this issue:
Featured Resource - The InfoGuru Marketing Manuel - Robert Middleton
Featured Tip - Educate Your Referral Sources
Featured Reading
- Money Ball-
Michael Lewis
Featured Listening - Jolie Holland - Escondida

Need Referrals?

Later this month I am releasing an ebook and CD audio program titled: "Referral Flood - How to generate a flood of new business without spending one dime on advertising."

Don't miss out on this spe~cial prom~otion!

Go to ReferralFlood.com and sign-up for special pre-release promo~tional pri~cing that I will be offering only to Duct Tape Marketing readers. There's no cat~ch just reserve a review copy at a deeply disco~unted price (good until 6/25/04)


Thanks for subscribing - John


Featured Resource 

The InfoGuru Marketing Manual - Robert Middleton
This comprehensive marketing manual contains everything you need to attract more clients to your professional service business. Manual includes complete 23 chapter text with hands-on action plans, audio tutorials, articles, marketing discussion group, and many additional bonuses.

 


 Featured Tip

Educate Your Referral Sources and They Will Reward You Handsomely For It

By John Jantsch

Do you know the number one reason that business owners don't get enough high quality referrals?

Fear - That's it.

Now, on one hand you might think that I mean that some business owners are just flat afraid to ask for referrals. There is no question that there is a great amount of truth to that but...

The biggest stumbling block of all is that your clients and your referral network are afraid to refer your business because they don't really know how to do it.

You must train them, educate them, and take them by the hand and show them how to provide you with killer referrals.

Here's what you must do to create an effective referral marketing system.

1. Narrow your target referral - tell the world you are after a very specific type of prospect. This is a good thing for any of your marketing efforts because asking the vague "know anyone who needs what I do" will severely limit the number and quality of leads you receive. Be specific.

2. Be able to tell your referral resource - what you do that is extremely valuable - not, I'm a marketing consultant - that much I hope they know. Something more like - "I help financial planners triple what they charge." Consider uncovering a statement like the one above for your business and then print it on the back of business card in the form of a question. “Know and financial planners who would like to triple what they charge?” Then leave some space for someone to write a name and phone number. This type of tool will put your referral program on autopilot.

Now you've got their attention. Now you've given them nice tidy way to refer you.

3. Tell your referral source exactly what you intend to do with the referred lead. "I will call them and offer them a free evaluation as a gift from you and then add them to my quarterly tips newsletter." See, most people figure that you might stalk them and hound them until they give. So outline your referral marketing plan for your source and put them at ease.

4. Tell them why they want to refer you - you must help them understand how they will benefit by providing referrals. In some cases, the motivation might simply be that they will be seen as helping their friends and clients. Don’t overlook the power of this motivation. Many business owner can themselves benefit by introducing you to their clients. On the other hand, in other cases the motivation may need to be a bit more tangible - something like a trip, finder’s fee or free product.

5. Follow-up - thank them and let them know how successful you have been because they referred business to you. Communicate with your referral sources every step of the way. Send them movie tickets when they introduce you to a lead and then a nice gift basket when that lead turns into a client. This type of follow-up will encourage continued participation from your sources. The more involved you can get your sources, setting up meeting on your behalf and verbally endorsing your product or service, the better.

Take the time to create this educational component of your referral system. Document each step and then go out there and boldly present your case to your clients, referral sources, and referral network. This is the missing piece of the puzzle for most business owners who attempt to grow their business by way of referral.

~   ~   ~   ~   ~  ~   ~   ~   ~   ~   ~   ~   ~   ~   ~   ~   ~   ~   ~   ~

John Jantsch is a marketing coach and the author of Referral Flood - How to create a flood of new business without spending one dime on advertising. You can get more information at www.ReferralFlood.com or by sending a blank email to subscribe@ducttapemarketing.com

 


Featured Reading


Money Ball- The Art of Winning An Unfair Game - Michael Lewis

Okay, I guess some would say that this is not really a business book, it's a baseball book. First, what a great baseball book. If you are fan of the sport (really get the game going on inside the game) then you should get this book.

But, as a business book. Let's see. Billy Beane, GM of the Oakland A's continues to put a winning product on the field every year for the last decade, despite being given one of the lowest payrolls to work with. And he does it by throwing conventional wisdom out the window and turning a deaf ear on those that initially claimed he was crazy. Now, everybody wants to figure out how to do it like Billy Beane.
 


Featured Listening and Such


Jolie Holland - Escondida - This is Holland's second album but I must admit I only discovered her after listening to a bit on NPR. She has a compelling sound that I can only describe as a mix between Norah Jones and Billie Holiday. This album covers jazz, blues, and country. This album won't get much airplay so you just many need to pick it up to hear lyrics like "I just need a couple a more food stamps and a caffeine buzz."  There is a definite nod to the roots of jazz and blues but this is not a retro effort. She has a sound all her own.

©2004 John Jantsch • All rights reserved • 816-561-3931 • John@DuctTapeMarketing.com
201 Wyandotte, Suite 101c - Kansas City, MO 64105