Develop Your Referral Formula: Part 2
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In order to demonstrate, let’s imagine for a moment that you are offering legal services that are needed whenever business people are preparing for and executing mergers and acquisitions. No matter how much experience you might have, you will probably have a hard time generating referrals through organic means due to the fact that people in involved in M&A deals usually do not like to broadcast their intentions. Now let’s throw a couple of existing clients who are accountants into the equation. Unlike most people in your professional network, your accounting clients may have very frequent contact with associates who are quite open about their involvement with a pending merger or acquisition. If you were to spend some effort focusing on encouraging these particular clients to refer their contacts to your services, there is no telling where it might lead.
With this in mind, you might be able to envision how you could develop a similar strategy in order to create a finely-tuned referral engine for your own business. Regardless of what type of professional service that you happen to offer, there are probably only a handful of people in your network who have the type of insider knowledge necessary to identify to perfectly targeted referrals for your industry. By focusing on cultivating these particular contacts for the foreseeable future, you can start honing in on well-targeted prospects.
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