I’m a big believer in asking your clients for referrals. But you can’t ask every client for referrals every time you meet with them. Here are seven proven ways to promote referrals to your clients. About 70 percent of the time, these techniques will result in your clients giving you referrals at some time in the future. However, you can expect that about 30 percent of the time, these techniques will generate referrals right on the spot. These little adjustments you make now work in the same way that compound interest turns small deposits into large savings. You’ll reap the rewards for years to come.
To show you how practical these techniques are, I’ll bring most of them to life with a sample script.
1. Reminder of confidentiality
“George, there’s one thing I want to run by you. Many of my clients like to introduce me to others whom they think should know about the important work I do. I just wanted you to know, should that opportunity present itself to you, the work we do is always kept completely confidential. They will never learn about your financial situation from me and vice versa. Does that make sense?”
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2. Who you serve the best
“George and Martha, there’s something I want to mention to you. Many of my clients like to introduce me to others whom they think should know about the important work I do. Should that ever come up for you, I thought it would be good for you to know for whom our processes are best suited. These days, our practice is geared toward successful couples like yourself. They usually have children, but not always. Generally they have a combined income of over $100,000 — some of my clients are even in the $400,000 range and more. While I don’t expect you to know someone’s exact financial situation, you probably have a sense. Is that clear?” [Note: every financial professional’s ideal client profile is different. Insert yours into this template.]
3. How you’ll contact them
“Randy, quite often my clients like to recommend the work I do to others whom they care about. Should that ever come up for you, I thought you should know how I usually like to handle those situations. First of all, I don’t like to surprise people with a phone call out of the blue. I’ve found that everyone seems to feel most comfortable when they know I’ll be contacting them and have a sense of why. Does that make sense?
“So, if you identify someone you think I should contact, please come to me first. Together, we’ll figure out the best way for us to approach them. We’ll do it in a way that suits your relationship and feels comfortable and natural to everyone. If they are interested, great. We’ll meet for a no-obligation review — such as we did initially. If they decide they don’t care to move forward, I assure you I won’t pressure them or become a pest. That’s just not my style.
“If someone brings it up from their side, see if they’d like me to call them. I’ve found that sometimes I need to be professionally proactive to get people to take a look at the important work I do. How does all this sound?”