Hey Reader, how much are you giving? Referrals, that is. That's the same question I asked a newer client recently who was talking out some referability woes with me: "Well if you don't mind me asking, how many referrals are you giving?" He just looked kind of puzzled and said, "Well, I'm trying to get referrals." My response? "I know, but how many are you giving?" You see, not only is giving referrals the best way to get them... ...But it's also the best way to get unstuck. You know, unstuck from all that overwhelm of not knowing who to ask or what to say. And unstuck from all that overwhelm about feeling awkward about asking. It's a great way to get into action. To start walking down that road to referability...without all the pressure. Still, giving referrals isn't the most natural of things. You have to work at it. Make it a habit. (But it's way easier and more effective than doing the opposite...which is asking.) And by giving, even when you're not seeing an immediate return in the form of referrals back to you, you're still gaining. You're gaining confidence. By giving out referrals, you're:
Now, I'm not talking about chucking random 1:1 referrals at people. I'm talking about building out a targeted process. Here's what you do: 1) Figure out who your upstream referral partners could be.Think about who else your client could need that butts up to your industry. If you're a real estate agent, this might be a home inspector. Or an insurance agent. Or a mortgage professional. If you're a mortgage professional, this might be an estate planning attorney. Or a CPA. Or a financial advisor. Don't overthink it. Just start with the few that come to mind. You'll probably recognize more later. If you already know competent people in those roles, great. If you don't? Start trying to find some by asking around. 2) Work referral questions into your client onboarding process.Find out who they need. "Do you have a home inspector yet?" "Do you have an insurance agent?" "Do you have an estate planning attorney? Then...make the match. (Or if they do have a rockstar person already, ask for an introduction.) Really work at it. Work on your language, and work on your ability to give and give back so it becomes a self-perpetuating cycle. There's an old proverb that says, "A generous person will prosper. Whoever refreshes others will be refreshed." Start focusing on refreshing others, and you'll be refreshed in so many ways. Appreciate you, Brian Whenever you're ready, there are 2 ways I can help you:
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I was talking with a coaching client recently, and the breakthrough he shared with me was too good to keep to myself. He’s not new to the game. Decades in the mortgage industry. A seasoned pro. But even with all that experience, he hit a wall. Referrals had slowed down. Business felt harder than it should. The spark was fading. Then something shifted. Over the last few months, his referrals literally tripled. His excitement for the business shot through the roof. Momentum returned. So of...
Let's talk about flywheels, and what they can do for your business. There are four stages of a flywheel: It starts slowly. If you think about an industrial flywheel, it's a big wheel that moves a lot of things, and it takes some work to get it started from stopped. It builds momentum. Once it gets going, you may have to give it nudges here and there to keep it going, but it's decent good momentum. And it's way easier than starting from stopped, like at the beginning. It reinforces and...
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