Hi Reader, wanted to share a quick story from a client. He's had some success building a referral-based business. But he's also struggled building referral partner relationships. We were going through his relationships and trying to pinpoint where the best opportunities would be. Here are a couple of things we uncovered. And we did it by tapping into a little acronym I learned from my good friend, John Ruhlin. John would always say, "Look for R.I.C.H. relationships." R.I.C.H. Relationships1) ReciprocalLook for people who are reciprocal. People are generally givers, takers, or matchers. Look for givers...people who want to help. My client? He had a CFO who was a great client. But just being a great client isn't enough...he was also reciprocal. Always keen to help, returning calls, returning favors. 2) InfluentialLook for influential people. People who know your ideal clients or ideal shoulder partners. So this client, who was a great client-CFO AND reciprocal? That guy also hung around other CFOs. That means...influence. This was a light bulb moment for my client. He was looking for introductions to CFOs, and had a reciprocal CFO-client who had influence with other CFOs. 3) ConnectedLook for people who are connected. Do they have relationships with other people that they'd be willing to make connections? So do they know people? And also, will they make connections? In this case, the answer was again yes for this client. He knew someone who was reciprocal, had influence with other CFOs, and would be willing to make connections. 4) HumbleHumble is just a way of being understated and modest. Someone who doesn't think of themselves as better than others. It's a quality that helps build trust, keeps people open to learning, and makes them happy to see you succeed. Look for people who are reciprocal, have influence, would be willing to make connections, and are humble. What this did, is it gave a kind of psychographic for my client to hold all his relationships up against. To focus in on who to reach out to and build his business around. One last piece of advice he got... Be. authentic. You don't need big scripts. When you're doing business from the heart with gratitude, with curiosity, and with generosity...just let it flow naturally. So until next time, keep rocking. Appreciate you. Brian Whenever you're ready, there are 2 ways I can help you:
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Reader, as I mentioned in my last email, we send a success story to our database about once a month. Every time we do, we see an increase in our pipeline (the people who want loans) of anywhere between 10 to 25%. So if I have X number of people who want loans, I've got X + 25% after sending a Success Story out. That's a big increase in exchange for not a whole lot of effort. Think of maybe an hour of effort total, once per month. (It may take you a little longer in the beginning, of course.)...
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I talk on here a lot of about one-on-one referral generation efforts. And while I'm 100% a huge advocate of that... ...one of the biggest challenges we have as a small business owner (or commissioned sales professional) is is TIME. We come across so many different people in our lines of work, and only a small percentage are going to be a fit for true one-on-one referral partner status. So what happens with all the others? Do we just ignore them? Well the answer for a lot of people is...yes....