Freelancer.com

Go Back   Warrior Forum - The #1 Internet Marketing Forum & Marketplace > The Warrior Forum > Offline Marketing
Register Blogs Social Groups CalendarHelp Desk

Reply
LinkBack Thread Tools
Unread 29th July 2011, 01:15 PM   #1
Offline Marketing Pro
War Room Member
 
J R Salem's Avatar
 
Join Date: 2011
Location: FL, USA
Posts: 509
Thanks: 12
Thanked 259 Times in 70 Posts
Default How I use an old "insurance industry" technique to get endless clients

As I go through my journey of running my own offline business, I want to share what works for me for others to see and follow if it makes sense to them.

What is the hardest part of 'the biz?' Getting clients of course. And everyone is trying to sell you a 'solution.' What I do is a bit different, because I take something that has worked for decades, and fine tune it for my business.

What am I talking about? The REFERRAL of course!!

You can click the "x" and write this off, or continue reading to find out why this works. I was in the insurance/investment industry for a few years, and the term "referrals" was used as often as the word "the" it seemed. I learned every single thing about getting referrals. Why? Because the insurance industry makes millions of dollars by training their producers this way.

Why cold call your whole life, send direct mail, or 500 emails a day? Everyone has a network of friends and family. If you do not, dont take it personal. What i mean, is most people have people they interact with on a daily, weekly, monthly, or annual basis.

In the insurance industry, the first thing they teach you to do, is leverage this network, your 'circle of influence' if you will...

But wait, thats uncomfortable, not fun, and not easy...right? Yeah I agree because I didnt follow through with everything I was taught because thats not how I operate. I made it hard on myself by building a network of clients, and then leveraging referrals.

But once you see how the insurance industry is structured, you start to realize they are a lot smarter than most businesses, and make tons of a money for a reason. The formula is simple:

Hire tons of producers, have them leverage their personal market, have them get referrals from their 'circle of influence,' build a network of clients through these referrals, get new referrals from these clients, and repeat over the course of a career.

Well you can skip the first part and try and get clients by yourself and then ask for referrals, or you can talk to your cousins, friends, and whoever else and approach them in a way that makes it easy for them to give you referrals.

I've found it profitable both ways. The referral process is a book in itself, and can be structured many ways, so I wont delve deep into that.

But I will tell you this, most people make the mistake of "asking for referrals."

"Hey Suzy, I'm doing Internet Marketing for small businesses, and was curious if you had anyone in mind who might need my services?"

Suzy: Um, not off the top of my head, but I'll keep that in mind.

Sound familiar? You feel great and feel like you have done something to potentially increase your business. In reality, you're never going to get a referral from Suzy. Why? Because you went about it wrong.

The process involves planting the seed, asking for recognition, confirming that recognition, throwing out keywords to make connections, asking for referrals, being fed the referral, following up warmly.

Like i said, the nuts and bolts are similar no matter how you do it, but the little details are the difference between getting no names and 5 names.

Whats easier:

"Hi bob, the reason for my call is I do internet marketing for small businesses. Do you have some time next week for me to share some ideas with you?"

or

"Hi Bob, this is Jeremy calling. We actually have a mutual acquatiance, Suzy, and she gave me your info. I work with businesses on generating leads and new customers, and she thought you may be interested in some ideas."

Bob: "Umm, yeah Jeremy. Actually suzy said something the other day about you might be calling. Not sure exactly what you do, but come by Wednesday at 3 and lets hear what you've got to say."

Big difference between the cold call and the warm call. And its all because of how you get the referral.

I'll end with this. If you hate cold calling and want new clients, whats gonna make someone give you a name:

1) "Suzy, I'm doing Internet Marketing now, and was curious if you had any friends that may need my services?"

2) "Suzy, I'm trying to leverage my person market to generate some interest in my business. Here's a sheet I have created to help me keep track. i know you are good friends with sam at the yoga studio, but besides her, could you jot down the names of 3 people with businesses or who just might need these services?"

If suzy is a friend or relative that actually likes you, you better believe she is going to jot down 3 names of people for you to call, because you've made it easy for her. and now the numbers say you will end up meeting with 2 of the 3. Then it becomes a numbers game.

And this is just a small example of the process and power of referrals. Hope someone finds use in this.
J R Salem is offline   Reply With Quote
Unread 29th July 2011, 01:26 PM   #2
CPA Affiliate Network
 
ashokpobox's Avatar
 
Join Date: 2010
Location: Pine brook
Posts: 69
Thanks: 0
Thanked 3 Times in 3 Posts
Default Re: How I use an old "insurance industry" technique to get endless clients

Yes, I strongly agree with you. Referral marketing is a procedure of marketing products or services to prospects through references, normally word of mouth. Such referrals generally come about spontaneously but businesses can influence doing so through correct strategies.

Welcome to Manzinetworks.com - Connecting People Globally ...
ashokpobox is offline   Reply With Quote
Unread 29th July 2011, 05:08 PM   #3
learntoconvert.com RANK!!
War Room Member
 
Join Date: 2009
Posts: 3,824
Blog Entries: 6
Thanks: 1,421
Thanked 1,790 Times in 971 Posts
Default Re: How I use an old "insurance industry" technique to get endless clients

Cold calling is a great way to start but its just a launching pad. Getting those referrals is what can make things grow exponentially.

I typically ask for referrals right when the client hands me the first check. From my experience they will give you 2 or 3 to call right away if you know how to ask for them.

Rus Sells is offline   Reply With Quote
Unread 29th July 2011, 07:29 PM   #4
Offline Marketing Pro
War Room Member
 
J R Salem's Avatar
 
Join Date: 2011
Location: FL, USA
Posts: 509
Thanks: 12
Thanked 259 Times in 70 Posts
Default Re: How I use an old "insurance industry" technique to get endless clients

yes, the key is not to just "ask" for referrals. you are better off using a method

1) Hey Tim, I know this is kind of off the top of your head, but could you give me the names of three people who might be interested in using my services?

Then you've got three warm leads. Sure beats saying: "Know anyone who needs seo?"

OR

"Earlier you mentioned the plumber you work with sometimes. what is his name again? think he'd mind if i gave him a call?"
J R Salem is offline   Reply With Quote
Reply

  Warrior Forum - The #1 Internet Marketing Forum & Marketplace > The Warrior Forum > Offline Marketing

Bookmarks

Tags
clients, endless, insurance industry, technique

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




All times are GMT -6. The time now is 03:04 AM.