article thumbnail

Use a Sales Referral Strategy to Close 70% of Your Deals

Alice Heiman

If a referral closes up to 70% of the time, why are we spending most of our effort on strategies that close less than 1% of the time?! For the first movers, these strategies worked especially in combination with an SDR and AE funnel, where gated content is used to capture prospect contact data. Referrals were hit and miss.

Referrals 131
article thumbnail

There’s No Such Thing as a Warm Call: August Referral Selling Insights

No More Cold Calling

Referrals are HOT, HOT, HOT! Even if they do know each other, name dropping is not the same thing as having a referral. However, when you receive a referral introduction from someone your prospect knows and trusts, your lead goes from ice cold to HOT. Dialing for dollars or getting referrals? Stop rationalizing.

Referrals 258
Insiders

Sign Up for our Newsletter

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

article thumbnail

Unconscious Bias Goes Double for Boomer Saleswomen (March Referral Selling Insights)

No More Cold Calling

Nicole Merrill, in her post, “Why Investing in Women is Good for Your Business,” provides startling data and four steps to get started. That’s why we’re great at getting referrals. We also understand that to get referrals, we must continue to invest in building our referral networks. But how do we drive change?

Referrals 240
article thumbnail

AI-Powered Selling and the Social Graph

Sales 2.0

It’s always been true that a referral beats any other lead, with referrals converting to customers 50% of the time, according to Joanne Black. AI will help us use our “social graph” to find referrals without spending too much time on research. The best tool today for this research is LinkedIn. LinkedIn can show us who knows who.

Referrals 195
article thumbnail

Leveraging Referrals to Build Your Network and Grow Your Business

Janek Performance Group

For as long as there have been sales, there have been referrals. However, in B2B selling, referrals are more than positive reviews. With that, seeking and gaining referrals is not as easy as it sounds. Therefore, referrals cannot be left to chance. With referrals, the benefits are clear. This makes timing critical.

article thumbnail

6 Easy Steps to Get More Sales Referrals

Janek Performance Group

On a scale of 1-10, how critical are referrals to your business? The Facts About Referrals: The average business spends 5x more on trying to acquire new business than on generating referrals from existing clients. Does this data change your perspective on how critical referrals are to your business?

Referrals 118
article thumbnail

Are Blackouts Threatening Your Q4 Results? [October Referral Selling Insights]

No More Cold Calling

Register NOW for Last-of-the-Year Referral Selling Virtual Workshop. That might sound like a pipe dream, but I assure you, with my referral selling virtual workshop series, it’s not. In other words, now’s the time to be asking for referrals. Find out how in my Q4 Virtual Referral Selling Workshop. Find Out How.”).

Referrals 136