The Referral Process–Step 3

The referral process (CLICK HERE to read a short overview of the referral process) can be broken down into eight easy steps. In a blog entry I posted last Monday, I explained step 1 (Your Source Discovers a Referral) and step 2 (Research the Referral).  Today, I am going to talk about step 3.

  • Step 3.  Check Back in with Your Referral Source

After learning all you can about the prospect’s company through your outside research, it’s a good idea, especially if the referral appears to be complex or of very high value, to call your referral source back to confirm or refine what you’ve learned about the prospect’s company.

You need to keep your referral source in the loop and out of trouble. Making her look good is a primary objective, perhaps even more important than the immediate sale, because you want this referral relationship to continue and to benefit both of you far into the future.

More important for your approach to the prospect, you need to know more about him personally, which is something you can assume your referral source is particularly well positioned to help you with.

Try to learn about what sort of individual you’ll be dealing with. What’s his personality type?  Is he detail oriented?  If so, he might want to see a lot of collateral material or samples.  Is he hard driving and results oriented?  He might just want to talk about your offerings, see your track record, and make a quick judgment.  Does he like to have fun while he’s doing business?  Perhaps you’ll join him on the golf course.  If he’s all business, the office environment is probably better.

What are the prospect’s goals?  Why is he interested in your products or services?  Is he happy with his current provider or looking for a change?  Is he ready to do business with you immediately based on the referral, or is he sending out requests for proposals to other companies?

What you don’t want to do is charge at the prospect with no idea of what is expected or desired.  Having some certainty about these factors will help you put together a powerful presentation that is tailored to the individual and his company.  This will help you accomplish your two most important objectives: closing the sale quickly and making your referral source look good.

If you have a testimonial you’d like to share about a time you successfully executed step 3 in the referral process and how it made for great results, or a story about how you learned the importance of step 3 after neglecting to complete it and suffering the consequences, please feel free to share by leaving a comment.

Be sure to check back in next week if you want to learn about step 4!

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3 thoughts on “The Referral Process–Step 3

  1. I love this step in the referral process. I love help my BNI partners get to this step easily. One of my favorite things to do, is, instead of just giving the referral to my BNI partners, is to actually set up a lunch where we can all meet. This strengthens all relationships and helps the two I am referring to get off to a good start. Plus, they always remember me this way: an extra bonus.
    Carla Buchanan
    (Mrs. Allen Buchanan)
    Platinum Coast BNI
    SoCal BNI Ambassador

  2. I neglected once the step 3 and didn’t check what sort of individual I was about to deal with. The relationship wasn’t deep enough and it diminished quickly.
    After that I learned to built more stronger relationships by befriending the partners. and it helps a lot.

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