Building a Referral-Friendly Business



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Summary:
Referrals are an important part of any successful business.
They're a great way to keep building your customer base,
year after year, without having to go out and pay for
advertising. It's fine for YOU to
say that you provide a great product or service -- but
when someone else says it, it instantly has more impact...
especially when it comes from a trusted friend or contact.
Your credibility and expertise have been established by
the referrer.

However, many business owners assume that just because
they do a good job, referrals will happen automatically.
This isn't true; Then let them know that you
would welcome any referrals -- in other words, simply ASK
for new referrals.
Article:
Referrals are an important part of any successful business.
They're a great way to keep assembly your customer base,
year following year, without having to go out and pay for
advertising. Instead, you use the power of your current
customers to help you continue to grow.

Referrals really are 'golden'. For one thing, in this
time-crunched age where everyone's so busy, people are
more willing to depend on the release of trusted contacts.
It saves them from spending time in laborious research.

Referrals also produce a 'snowball' effect. Happy
customers tend to have a good idea of which one of their
friends would gain your product or service. They
refer people similar to themselves... who also refer
people they know... and so on.

But one of the best things of referrals is that they're
easier to convert into customers! It's fine for YOU to
say that you provide a great product or service -- but
when someone else says it, it instantly has more impact...
especially when it comes from a trusted friend or contact.
Your credibility and expertise have been established by
the referrer.

However, many self-imposed duty owners make free with that just because
they do a good job, referrals will happen automatically.
This isn't true; people often need a little encouragement
to send referrals your way. It's up to you to take a more
active role in making them happen.

Go better and tell your customers that you'll do your best
to make sure they're happy. Then let them know that you
would welcome any referrals -- in other words, simply ASK
for new referrals. Encourage them by offering referral
incentives.

For example, offer a referral incentive pay or discount. Offer
free gifts, extra entries into a contest, whatever is
appropriate for your business. And ever and anon send a thank-
you note and possibly even a small gift to the referrer
... regardless of whether or not the person he referred
becomes a customer. This will show that you appreciate
him thinking of you. Everyone likes to feel appreciated,
and he'll be more likely to continue to send referrals
your way. You never know -- someone he refers in the
future might very well wax a customer!

Another example of how to generate referrals is to write
articles and distribute them again the Internet. Once
again, if you get published you instantly have more
credibility -- you warp and woof an 'expert' status, so to speak.
Many flimsy syndication sites offer a feature that allows
the reader to email the particular to a friend... and articles
are often passed from person to person through email.

In both of the better cases, your business dealings automatically
has more 'clout' than, say, if a prospect were to simply
visit your website. In the case of a referral, the
prospect has hitherto been at least partially influenced
by his or her friend or contact... which makes your job
of converting him to a paying customer that much easier!

A referral-friendly truck is one which can continue to
send you new customers day subsequent day, year on account of year.
Encourage it and reward it!



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Position Overview:   The Account Manager will be responsible for driving the adoption of Bullhorn products and services as well as the total revenue earned from renewal contracts and sales of new products and services for an assigned number of strategic Bullhorn clients.  This position will be measured based on the achievement of both client referencability and sales targets.   Responsibilities:   Develop and execute a territory plan to maximize client referencability, contract renewals, and the sales of Bullhorn products and services   Establish and build C-Level relationships within designated clients   Identify and articulate the strategic, organizational, and financial goals of assigned clients     Develop and execute on account plans and sales campaigns for specific assigned clients   Manage all client re-signings, including renewals and re-implementations.   Work cross-functionally within Bullhorn to define and drive execution of action plans to improve and/or optimize the use of Bullhorn products and services   Maintain current and accurate account information and contact information within Bullhorn CRM for all accounts that have been contacted.  


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