Some of the best prospects in a sales professional’s pipeline are referral leads. These “warm” leads can be a great source of business if they are properly cultivated. Here are some quick sales tips on what steps you can take to create a proven referral system to supplement your sales pipeline.
1. Speak Up!
Make it a habit to ask for referrals throughout the sales process. Once it becomes second nature to you, you’ll easily work it into your everyday sales vocabulary. Also, it’s never too early in the sales process to work in this habit. For instance, even if you receive an objection during a cold call, that prospect may know another contact that may have a need for your product or service. The sooner you adopt this practice the better as you’ll find out those flat out objections turn into new opportunities.
2. So and So Said…
When you get a referral, make sure you get permission to reference the original prospect or client in your initial dialog. This is an indispensable bridge to the referral and allows you to more easily circumvent early objections or gatekeepers.
3. Keep in Touch
Tap into your existing client base. Even if you’re new to your position, often times companies have clients that were acquired by predecessors who have fallen through the cracks. These can be valuable sources of leads and referrals and it’s a perfect opportunity to warm up current relationships. If you have been at your position for a while and have not made it a point to schedule your existing clients for periodic follow up calls in which you ask for referrals, you have cost yourself plenty in wasted opportunities.
4. Incentives
Added incentives. This step is appropriate for some business models and industries and highly inappropriate for others. For some products and services, discounts and referral programs to existing clients is a natural part of doing business. For others it can be tacky. Whatever the case, understand that most people like to help others. Being needed and appreciated for your help and expertise is a natural part of being human. So understand that about your clients and even if it’s not appropriate to add an incentive to referrals or employ a company referral program, a simple thank you card or springing for a lunch can be an unexpected touch of class that will only benefit you in the long run.








