Risk & Business Magazine CMW Fall 2016 | Page 20

TROUBLE GENERATING REFERRALS? Trouble Generating Referrals? Look to Your Inner Circle C olin’s sales numbers for the quarter were sharply down. Lately, he felt he was struggling with his prospecting. He asked his manager, Anita, for help. “There’s a lot we can talk about when it comes to prospecting,” Anita said. “But let’s start with the simplest question first. Are you asking your current clients for referrals?” Colin frowned and shook his head. “You know, I’ve never really been very comfortable with that,” he said. “I tried asking people a couple of times, and it always felt awkward. It never seemed to generate any opportunities.” “Let’s think about whom you’re asking and how you’re asking them,” Anita said, smiling. “I think you’ll find generating referrals can be a lot easier than you might think.” 20 | FALL 2016 TAKE ADVANTAGE OF EXISTING RELATIONSHIPS If salespeople took full advantage of the relationships they have with their existing clients, most, if not all, would find cold call prospecting to be unnecessary. Don’t overlook existing clients and customers as valuable sources for new business. If you are providing them with exceptional (or even just very good) service, they should be comfortable referring you to others, assuming that you take the initiative to ask for the referral and that you ask in the r