Tag Archives: Referrals

Successful Referrals Require More than Just Your Reputation

26 May

Paul McCord has an excellent series of posts on the 4 requirements for a successful referral.

pillars

Pillar 1: Your Relationship to Your Client
Pillar 2: Your Client’s Purchasing Experience
Pillar 3: Your Client’s Relationship to the Referred Prospect
Pillar 4: How You Contact Your Referred Prospect

Paul says that clients don’t like to give referrals. I agree, I think they’re much better at being a reference then pro-actively giving you a referral.  But referrals can be earned and Paul details the “how” which mostly revolves around your reputation with your client.

What’s really interesting is discussed in Paul’s 3rd pillar.  He says, “Your referred prospect will view YOU the same way they view your Client– Good, Bad, or Indifferent”  I absolutely agree.  Inquisix’s data on the quality of a reputation given shows that the better the relationship between the the person giving the referral and their referred colleague, the better the referral experience.  The first hint of a bad referral is how the referral is handled, which is Paul’s 4th Pillar.

So the primary reputation factor in a good referral is not between the person asking and the person giving the referral. Rather, it’s between the person giving the referral and their referred colleague.

Pillars 3 and 4 are why Inquisix allows members to rate each side of the referral via reputation points.  If you give a referral, that member will rate you on the quality of the referral given.  If you get a referral, that member will rate you on how well you treated their trusted colleague. Your Inquisix reputation rating of giving and getting referrals then becomes the badge that all other members can use to validate your credentials.

memberrating

Meet Shiera O'Brien- Inquisix Member Part I

20 May

shieraobrien-inquisix

We were lucky to grab this very busy power networker – meet Shiera O’Brien, Inquisix member since April ’08.  Hailing from Dublin, Ireland, she recently started an Inquisix Group, The Dublin Chamber Business Referral Traders. 

 

Hi Shiera, so tell us about your business.

Zenith Training and Development is my business. I work specifically with sales professionals, helping them have more powerful sales conversations and meetings. I offer training and coaching to clients in the psychology of buying and selling and how to get better results from sales meetings and become a buying facilitator rather than a sales person.

Why do you network?

I network because meeting in person is powerful as an introduction to my company, and I am generally meeting people on the sales front line, so it’s the type of business introduction I want. I use on-line networking to back up my off-line/in-person networking and am sharing this methodology to all my contacts. I need other people to create a business network, and I want technology to do the work for me after I’ve put time and effort into an event.

What made you join Inquisix?

As an active member and Ambassador at The Dublin Chamber of Commerce, in Ireland, I found the on-line networking tools to be lacking in process, when it came to post-networking follow-up. Linked-In was too public; would I want to put all my contacts on public view? I loved the idea that I could keep my contacts in a Vault, yet allow others to tap into the contact pool and return the favour. The real attraction is holding contact privates, yet opening the doors of opportunity to others and vice versa. We get a glimpse at the potential for real connections via this tool.

I found Inquisix mentioned in a blog and then was travelling to the US and met Michael Kreppein. I really liked how he communicated the vision of what they wanted to achieve with Inquisix and so far they’ve been loyal to this vision, willing to invest in supporting users in Ireland. Inquisix went a out of their way to make the address fields work for us here, which was the only way we could kick start things and build a community.

Prior to joining, I was doing lots of in-person business networking through local business groups. I found it to be useful, yet the missing link was an easy to use on-line follow-up tool- a system to follow-up that I could have on-line, that would keep track of all my contacts and referrals. The follow-up process and technology was the big missing link- I couldn’t work with the tools that existed out there, because of the public way it displayed contacts and there was no proper referral tool. Inquisix came across my screen when I did research on it for the Dublin Chamber of Commerce.

What do you like best about Inquisix?

The layer of anonymity: I can see what’s happening in the world of my contacts. Somebody asks for a referral, and if I don’t see the real value in the connection, I can make a decision anonymously whether I want to give the referral or not, and relationships remain intact. I also like the pro-active referral tool. I meet people every day that I think should hook up and it’s great to be able to go in, hit a button and send on referral contact details with a note. Pure Magic. Like a gift in their In-Box. It’s a very powerful way to say “Hey, I am serious about helping you with your business, ” without always looking for a return favour. This helps build a reputation, which Inquisix tracks and profiles, so people can see how committed I am to networking in the local business community.

Easiest thing about Inquisix is, it does all the work I don’t like doing; keeping track, sending emails, and putting all that information on referral into somebody’s inbox with a few clicks. And it shows me graphically what is happening. It’s very well designed and takes the effort out of passing on contacts.

Any great examples of using Inquisix Trusted Referrals™?

I had a request from somebody in the network, who knew me, but I didn’t know them as well. I got the request one morning, called him, asked about his business, thought it was good fit, so I hit the referral button; 30 minutes later he was on the phone talking to a contact he had been looking to meet for 2-3 previous weeks. I gave him an additional contact in same business arena. So he got two targeted contacts from one request through Inquisix. This demonstrates the power of Inquisix and got me very excited about the possibilities it can bring to businesses in a way it hadn’t existed before.

What are the misconceptions about online networking? 

The misconceptions in this part of the world are based on people’s perceptions about social media in general. Can we trust these people? What if I give a referral? What will happen to my reputation?

The reality is, the next generation don’t have that at all, so as they come into the work force, Inquisix will be a natural tool to use; they will want to use it and won’t think twice about asking for a referral into a network they don’t personally know, they will make the connection and move to the next one. When somebody really embraces this technology they will experience rapid business growth.

Do you like the direction Inquisix is going? How do you see the future of networking?

Yes, Inquisix is going in the right direction. I like how it has closely replicated the real world of networking. Networking on-line is the way forward.We are in a time-poor work society, where connecting to the right person is absolutely vital. I can see that the next generation are going to drop all concerns and embrace this like no other group of people. They do not have the same “perceptions” around relationships. On-line relationships are as real to them as off-line relationships.

I see it being an integrated part of a Sales Strategy, CRM strategy and people will build profiles and businesses rapidly by embracing it now rather than adopting a wait-and-see-attitude. I am an early adopter and I am willing to put the effort in and harvest the reward over time. Like everything, Inquisix will reach a tipping point and create the snowball effect that will bring in the wider web community.

 

Next post : Part II, Shiera talks about starting an Inquisix Online Networking Referral Group.

For more information about how you can start your own group or about our affiliate program, contact Michael Kreppein.

Inquisix on the Business Insanity Radio Show

18 May

barrymoltz

Barry Moltz has a radio show where he will, “… talk about all the craziness of small business.” Last week’s theme was sales & marketing networking thru social media and he invited me to talk with him. You can listen to my portion of the show below.

[audio:https://michaelkreppein.com/wp-content/uploads/2009/05/barrymoltz1.jpgwp-content/uploads/2009/05/barrymoltzinquisixinterviewmay2009.mp3%5D

Barry had a few guests on his show along with me, including Alyssa Dver from my last post.  His show was also the inspiration for my post on why the cold calling process is like, “putting lipstick on a pig” which generated quite a few comments. If you’d like to listen to the whole 30 minute talk, go to Barry’s website here and listen to episode #40. You’ll find a wealth of information on his site so enjoy.

Minding Your Money Interview with Inquisix

25 Mar

Tom Cafarella, Inquisix member, owner of accounting firm CMB Accounting and host of “Minding Your Money” on TV, interviewed Michael Kreppein of Inquisix recently. Tom and Michael spoke about the challenges facing small businesses, specifically how they can find new business.

http://www.viddler.com/simple/59f0d3df/

White Paper Available – Inquisix Referral Networking

4 Mar

Whether you’re a front-line sales rep hunting for new business, a consultant delivering solutions, or small business owner communicating with customers, board members and employees, it’s all about selling: selling to win new business or selling to retain customers in an increasingly competitive marketplace. So what’s the deal with the buzz around emerging Sales 2.0 solutions? Which approaches are best able to fill the pipeline? How can you integrate informal networking with the latest technologies?

This White Paper by Michael Kreppein, Inquisix’s Chief Sales Officer, explores the value of referral networking by using Inquisix to combine your in-person with your online networking.

Please download the White Paper in pdf format by clicking the link below.

InquisixWP
Inquisix White Paper on Referral Networking

How To Integrate Your Online Networking with In-Person Events for Best Results

27 Feb

We had a great turnout to Friday Feb 20th’s Executive Club of Boston event hosted on BlitzTime. I was invited to talk on integrating your online networking with your in-person networking efforts.  While the audience on the 20th couldn’t see the attached presentation, it’s what I used to prompt me during my speech.

[flashvideo file=”wp-content/uploads/2009/02/inquisixonblitztimeflash.swf” /]

The Highly Engaged Referral Survey

3 Feb

John Jantsch of Duct Tape Marketing has a blog post today regarding the Highly Engaged Referral and the level of participation the person getting referred to is in the referral process. Obviously the higher the participation, the better the referral!

survey

John is asking people to take a quick 5 question survey on referrals. Why not respond?

PS - thanks to wickedphobica for the picture

Good Cold Calling Leads to Referrals

22 Jan

I’m a big fan of reading Geoffrey James’ blog, Sales Machine.  He gets to be edgier and more controversial than his articles in Selling Power magazine.

He posted a great letter from one of his readers on the value of cold calling.  The real value in cold calling is disqualifying prospects, much like panning thru dirt to find diamonds.  I’ve posted on the value of cold calling in a previous Inquisix post.

The commenter’s conclusion on the value of cold calling?

coldcallingreferral

Same as what I said; the benefit of cold calling is….referrals!

Top Inquisix Posts of 2008

25 Dec

Happy Holidays and Happy New Year to all. As the end of 2008 rapidly approaches, the Inquisix team hopes you are all enjoying the holidays with your family and friends. If you’re thinking of prepping early for 2009, here’s some of our most popular articles from 2008.

Why Cold Calling Doesn’t Work:

Cold Calling From the Buyer’s perspective:

Generating Referrals:

Pay or Play for Referrals/Reputation:

You lost me at "Hello"

17 Dec

Stephanie Fox Muller, one of our advisory members, sent me this email along with her comments below.

Why would anyone take a salesperson seriously when their first communication – first! – offers a freebie of four hours of work? Let’s see, I don’t yet know what you do. That means I have to take my time to go to your website and figure it out. Then decide if I want four hours free.

If your fear of the economy is showing, maybe you need to take a step or two or nine back. If your product or service had value before the economy tanked, it still does. If you don’t believe that, you can bet that your prospects won’t. Good sales and marketing people know how to position their offering to meet the current needs of their audience. If you can’t figure out how to sell whatever the heck you offer in light of the current economic conditions, the last thing you want to do is give it away. If it ain’t worth anything to you, it’s worth less to me. And I don’t buy the little disclaimer at the end – if you try us out now, you may buy us later. If I don’t need you now, I won’t remember you later.

Instead of doing the email equivalent of cold-calling with a drop-your-shorts offer, how about asking clients who DO see your value and ask them for referrals?