Building A Referral Based Business
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Transcript of Building A Referral Based Business
BUILDING A REFERRAL BASED BUSINESS
Customer Service…
CREATING RAVING FANS
The business must serve them by providing profits ...
4 Different Customers…
THE OWNERS
4 Different Customers…
THE TEAM
The business must serve them, by providing recognition and a
paycheck…
4 Different Customers…
THE SUPPLIERS
The business must serve them, by paying bills…
4 Different Customers…
THE CUSTOMERS
The business must serve them, by filling their needs…
Customers have…
NEEDS and
WANTS
Discover what they ...
and, sell them what they ...
You must…
WANT
NEED
Relationships need Communication ...
Because you’re building a…
RELATIONSHIP
The Emotional Bank Account…
DEPOSITS WITHDRAWLS
Your Ideal Customer…
ABCD
wesomeasican’t deal with
ead
Who are your Top 20% ... ?
Information is power…
80 : 20 RULE
Do Customers leave feeling?…
SATISFACTION
OR DELIGHT
But, they talk about getting more than they ...
Customers expect…
SATISFACTION
EXPECTED
Don’t wait until there’s a problem to start taking care of your
customers …
Good Customer Service is…
PROACTIVE
Something, more than they
How can you give…
CUSTOMERS
EXPECT
Time to think outside the square ...
Keep on getting better…
INNOVATE
Times when it really counts to impress with your service ...
What are your…
MOMENTS OF TRUTH
List as many of your ...
as you can ...
Your Customer Interaction…
MOMENTS OF TRUTH
You just DON’T CARE...
68% of people leave because of…
PERCIEVED INDIFFERENCE
• 1% - Death
• 3% - Move House
• 5% - Buy from a friend
• 9% - Sold by a Competitor
• 14% - Product/Price
• 68% - Perceived Indifference
People leave because…
Winning Customer Service…
• Consistency • Easy to buy
The WOW Factor
How can you use this in your business ... ?
What gives your customers a feeling of…
CONSISTENCY
How can you use these in your business ... ?
How can you make your customers feel that it’s…
EASY TO BUY
How will you ensure this happens for every “A” Grade customer?…
What can you do to give your business the ...
THE WOW FACTOR
SUSPECT
The Ladder of Loyalty
Someone is a SUSPECT if they fit your target market..
TARGET MARKET
SUSPECT
PROSPECT
The Ladder of Loyalty
and, you collect their ...
Someone is a PROSPECT if they
TAKE ACTION
DETAILS
SUSPECT
PROSPECT
SHOPPER
The Ladder of Loyalty
and, you confirm their ...
Someone is a SHOPPER if they
BUY SOMETHING
DETAILS
SUSPECT
PROSPECT
SHOPPER
CUSTOMER
The Ladder of Loyalty
Someone is a CUSTOMER if they…
BUY A SECOND TIME
SUSPECT
PROSPECT
SHOPPER
CUSTOMER
MEMBER
The Ladder of Loyalty
and, they feel like they ...
Someone is a MEMBER if they have a…
MEMBERS KIT
BELONG
Consistent communication is key…
• Weekly or fortnightly blog/newsletter• Regular value adds• Member sites?• Forums• Other?
SUSPECT
PROSPECT
SHOPPER
CUSTOMER
MEMBER
ADVOCATE
The Ladder of Loyalty
Someone is an ADVOCATE if they…
TELL OTHERS ABOUT YOU
SUSPECT
PROSPECT
SHOPPER
CUSTOMER
MEMBER
ADVOCATE
The Ladder of Loyalty
Someone is a RAVING FAN if they…
DO YOUR SELLING FOR YOU !
They want customers to ...
rather than ...
The FEDEX lesson…
STAY, SAY + PAY
WALK, SQUAWK + BALK
People pay for ...
Remember…
Write down….
5 WAYS YOU CAN
IMPROVE CUSTOMER SERVICE
IN
YOUR BUSINESS
Asking for referrals
IF YOU DON’T ASK YOU
DON’T GET
Asking for referrals
NO TODAY DOES NOT MEAN NO
TOMORROW
Asking for referrals
MAKE IT EASY FOR
YOUR CLIENTS TO
REFER
Asking for referrals
Ways to ask for referrals
1. The business card2. At the point of sale3. After an emotional moment4. At their premises (Mark Capelin)
Focus on WALLET SHARE
6 times easy to get an existing client to buy again
Cash is king
The one minute millionaire
Ideas to make more money
1. Increase your prices2. Impulse buys 3. Sell premium service4. Up sell5. Down sell6. Create bulk deals7. Stop discounting
8. Sell information products
9. Sell other peoples products
10. Sell complimentary products
The fastest way to get RICH
CHUNK SELL