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Articles - Customer Referrals

Stop referral objections before they stop you

How often has this happened to you: you ask for a referral and they say, "No, I'm sorry. I don't give referrals. I just don't believe in them."

That doesn't happen very often, does it?  In fact, clients may "object" to your referral request, but the objection is rarely that direct or that negative.

Do these lines sound more familiar? "I'm sorry, I just can't think of anyone."  "No one comes to mind right now, but let me sleep on it and get back to you."

Those, you've probably heard before.  Because just look at the results of a poll Horsesmouth conducted on this very subject:

Referralpoll_small_7

Nearly 90% of the respondents describe the same experience.  "I can't think of anyone" is an objection that will stop you cold, and it's depressing. Luckily, it's also very preventable.

It's too difficult for clients to dig into their mental databases and extract the perfect referral for you from the hundreds of names they have stored there. So, you're going to do the work for them. 

Ideally, you'll do your homework in advance, and ask for an introduction to a specific person you know they know.  "I've been hoping to meet Gary Johnson, who serves with you on the museum board. Would you be able to introduce me, perhaps over lunch next week?"

Even if you can't get that specific, you can still be very targeted in your request.  Instead of, "Do you know anyone who could use my services?" try, "Do you know any other otolaryngologists who you think may be planning to sell their practices in the next 5-10 years?" 

Give your clients some traction when you ask for referrals (free registration required) and you'll end-run the "I don't know anyone" objection much more often. You'll also be pleased to find you're getting higher-quality referrals

By  Miriam Lawrence

About the Author

Horsesmouth director and resident referral expert Miriam Lawrence is the primary author of the Automatic Referrals action research report and has been helping financial advisors hone their marketing, prospecting, and business planning skills for more than 10 years.


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