article thumbnail

The Irrefutable Referral Business Case

No More Cold Calling

How asking for referrals will drive your revenue in 2024 How many people should you ask for referrals to get five new clients? In my experience, at least half the people you ask for referrals will introduce you to your ideal prospect. So the ratio of referral requests to new clients is roughly four to one (4:1).

Referrals 194
article thumbnail

Why Would I Refer You if You Don’t Follow Up? [February Referral Selling Insights]

No More Cold Calling

She wanted to discuss having me speak to her team about referrals. I thought about it and realized I would never, ever refer her to anyone. Not only was she rude and disrespectful, but if she didn’t follow up with me, I wouldn’t trust her to follow up with my referrals. Referrals are very, very personal.

Follow-up 344
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can You Really Do Referrals on Social Media?

No More Cold Calling

Get offline to get your referral. But clicking buttons to forge new relationships is a waste of time, and digital referrals are a myth. Why is asking for referrals on social media a bad idea? 4 Reasons Not to Ask for Referrals on Social Media 1. 4 Reasons Not to Ask for Referrals on Social Media 1.

article thumbnail

Make a Change in 2024 [Q4 Referral Selling Insights]

No More Cold Calling

I’m introducing a Referral Selling System to ensure companies build a referral culture, source only qualified leads, get meetings with their prime prospects, and close business quickly. Referral selling—and the tenets of a referral-selling system—help you get ahead, stay ahead, and ace out the competition in any economy.

Referrals 156
article thumbnail

Celebrating 25 Years in Referrals: My Story

No More Cold Calling

Why I made referral selling my life’s work. My first client was an outplacement firm (and a referral). Would you be willing to be a referral to this company?” Fifty of the company’s best clients said they’d be glad to refer them! Fifty of the company’s best clients said they’d be glad to refer them!

Referrals 385
article thumbnail

How to Ask for a Referral from a Client

No More Cold Calling

No, I didn’t pay him to promote asking for referrals. You learn how to ask for a referral from a client—and then you ask every single one of them. And they frequently don’t know who they should refer to us—because we haven’t asked for referrals and described our ideal client. Qualifying Leads with Referrals.

Referrals 432
article thumbnail

This Is What Your Referral Program Is Missing

No More Cold Calling

Do you know your referral gap quotient? Steve had a referral program. (Or He proudly told me that 30 percent of his company’s business came from referrals. Do they know how to get referrals? He realized that referrals were hit-and-miss in his organization, because they were dependent on inbound calls.

Referrals 331