Maverick and Company

A few weeks ago I received an email invitation to a launch party for a BNI group.  BNI, Business Networking International, is a great organization with lots of chapters all over the world, and oodles of dedicated members who pass millions of referrals.  In general they do a great job of providing businesses and sales people with good training and a good set-up to build relationships with new referral sources.  In general, I am a fan. Specifically, the series of interactions I had with the person inviting me were a case study in how NOT to invite people to events you’d actually like them to attend.  Which brings us back to that first email. 

1. It was a generic email…which is NOT a problem.  It contained NO personal reference at ALL which IS a problem.  Primarily this is a problem because I had no idea who the person sending the email was.  I meet lots of people and maybe everyone else on her list knew her name immediately but I did not.
2. I received a second email about a week later. Good on the follow up, again bad because I didn’t want the email to begin with, had no idea who was sending it or how I might have met them and therefor the series of communications is now, technically, SPAM.
3. I write a very polite, very nice response letting the sending know I had been a member of a BNI chapter a few years ago and was not currently interested.  I also said I couldn’t remember how we had met and asked her to please remove me from her mailing list.  I added that I wished her great success with her new group. SHE NEVER RESPONDED. This was her big chance to actually communicate with me, build a relationship with me.  She could have apologized, asked questions, asked if there was anyone else I’d like to send, never explained how we knew each other…nothing.
4. Today, the coup de grace. I receive a phone call from a person who sounds like they’re two minutes away from falling asleep or comitting suicide who tells me she’s with a company that sent me an invitation to a BNI meeting.  She could not be LESS enthusiastic about talking to me or her group.  Worse than going thru the motions, she actually sounds like she’s so bored she’s in pain.  I politely inform her that I had received a couple of emails, one of which I’d responded to saying I was formerly a member and not interested in joining at this time.  She then says, “O.k. thanks,” AND HANGS UP. I know we’re all guilty of skipping a couple of steps in the interest of saving time but a couple of hints: 1. As email has become more and more widely USED, it has become more and more widely ABUSED which leads to less use.  A mass email used to have some pull, not anymore.  Any communication will go a LOT further if you can be specific, talk directly to me and at least fill in any missing information about how we know each other.  Adding a detail or two to a generic email means that yes, you sent a generic email but you also gave enough of a damn to tweak it for ME.  The least I can do is read it for you. I once watched an insurance salesman send out 500 personally signed Christmas cards, not a single one of which contained a personal message.  Better strategy, send out 50 with a personal note.  They’ll actually get read, you’ll actually forward those relationships and you’ll save at least one tree and and a bunch of stamps. 2. Respond to any response communication. It’s an opening you worked hard to create, make sure you USE it. 3. FOR THE LOVE OF GOD, at least be interested in your own invitation!  If you don’t care, why should I?  You don’t have to jump up and down like a cheerleader on speed, but you could at least be interested in talking to me, somewhat happy, excited about your own event, your life, your phone, the possibility of caffeine in your future.  Sound alive…please.

Invitations are powerful tools for building relationships.  Even if people don’t accept them, it’s a real reason to be in touch, to communicate their value to you, to be on the lookout for what might benefit them…all things that help solidify their connection to you. As with all powerful things however, you must use your power for good and not evil.  Used carelessly, a badly made invitation can do a lot of damage to your relationships and reputation. Invite well and prosper.

Remember, even though people may be spending more carefully, plenty of them are still SPENDING.  One of the best ways to make sure the people who SHOULD become your clients actually BECOME your clients is to get smarter about referrals. Most people think that if they do a good job and know enough people, they’ll get referrals.  But you know lots of great people that you may have NEVER given a referral to.  While I can’t teach you every secret about getting more referrals right here, I can let you in on one of the simplest, MOST EFFECTIVE secrets for REFERRAL RESULTS.

STORIES For a very long time human beings communicated and remembered information primarily through stories.  And even now with our books and directories and our Google, the number one way people transmit and REMEMBER information is through STORIES. This is important because if you want referrals, people will have to remember you and what you do.  STORIES can quickly and easily make you memorable, likable, and trustworthy.  Perhaps even more importantly, a good story can make it SUPER EASY to refer you.

A Quick Case Study: THE MORTGAGE GUY A mortgage guy I know once asked me to take a quick peak at his marketing materials.  I started by asking him to tell me what 3 things he’d want people to know and remember him for in the referral process.  He, like many of you, was trying to let customers know he had integrity.  Unfortunately, that word, by itself, doesn’t work very well.  When pushed, he gave me the perfect example of how he has integrity.  He told me the following story: “This couple came to me for a second mortgage.  I spent a couple of hours with them, looking at their entire financial picture.  In the end, it didn’t really make sense for them to take out a second mortgage and I told them so.” This STORY is brilliant.  He can tell his referral sources to talk about his integrity but in one simple, fast story he can make sure they know it.  More importantly, it’s an easy story for them to tell to potential referrals.  When you make it EASY for people to refer to you, you DRAMATICALLY increase the odds of them doing so.

BONUS ROUND: For those of you who want to go past being a rock star and become a referral ninja, look at some simple edits I taught him. “A few months ago one of my clients referred her sister to me. They were a really nice couple who wanted to take out a second mortgage.  I sat down with them and talked to them about their overall financial picture–that’s important to do because a house is most people’s single biggest financial investment.  I spent a couple of hours with them and ultimately recommended they NOT take out the second mortgage.  I showed them some other options that made more sense for them.  So I actually didn’t make any money working with them but I believe in looking out for people.  That’s the way my dad did it and I think it’s one of the reasons people do refer me.  They know I’ll do the right thing with their people.”

The reality is that both of these examples work just fine.  Remember, your goal here is to train people to refer you AND make it easy for them to do that.  So I added some specific elements.

1. Be specific where you can.  If Mary referred you, talk about Mary.  It humanizes you and adds credibility.  Obviously a mortgage broker has to protect confidentiality but he can talk about a sister.
2. If your story includes a referral, make sure you say so.  It helps train people to think of you as someone people REFER frequently.
3. Add an extra nugget.  The focus of this story is that this particular mortgage guy will give up a deal for himself if it’s the right thing to do for the client.  We added a couple of extra nuggets.  You don’t want to tell a 20 minute story.  Simple is important.  But a couple extra QUICK nuggets put some very important ideas into the story.  Our first one is that he spent time looking at their entire financial picture.  Lots of mortgage guys might not do that.  It’s something that is different about him.  Second, we added the piece about his dad.  It’s TRUE, it humanizes him and helps people know that he’s from the old school, a highly desirable quality, especially in this industry.
4. Reinforce why people refer you.  At the end, we wrap it all up and bottom line it for people.  He’s a good person to refer because he not only says he’ll take care of people, he does it–EVEN WHEN it means he’ll lose a deal. Odds are YOU will remember this story. You might even tell it to someone else.  You might even want to refer someone you know to this broker (Jeff Aronheim)

What stories are you giving your fan club about you?

The MAVERICK GUIDE to GETTING MORE REFERRALS is being pre-sold at a HUGE DISCOUNT right now.  It’ll be out on April 15th.  Order your copy today and start working  A LOT smarter.  Your network likes you and knows people who should work with you.  Do you know how to connect the dots so their REFERRALS become YOUR CLIENTS?  For more information and to pre-order visit www.maverickandcompany.com and go to the CLASSES & BOOKS tab–get ‘em while they’re hot.