Did you know that according to the Carnegie Institute, 91% of customers would be willing to give you a referral, but shockingly, only 11% of salespeople ever ask for them?
It’s time to change that!
In this week’s episode, we reveal a simple yet highly effective 3-step referral system that could transform your business.
This is not just theory; it’s a proven method that has generated real results for businesses.
Remember, it’s not about doing thousands of different things; it’s about mastering a few key strategies that can lead to massive success.
Tune in to the full podcast episode today and discover the secrets to increasing your referrals by 62% to 800%.
P.S. If you’re interested in even more ways to double your sales and uncover untapped potential in your business, visit HowToDoubleSales.com and sign up for a no-obligation consultation.
This is your chance to explore how you can maximize your revenue and stop leaving money on the table.
Continued Learning: The Referral Script That Increased Sales 42%
- Want to know what’s keeping you from doubling your sales in the next 12 months? Take our quick QUIZ to get answers: Howtodoublesales.com
- If you’d like to have a profound breakthrough in your business, schedule your breakthrough call with a LIVE expert here: Chetholmes.com/Breakthrough
- Claim your FREE chapter 4 from the top 10 most recommended marketing and sales books of all time! Visit: Ultimatesalesmachine.com to find out how you Create 9X More Impact from every move you’re already making to win clients!
*this transcript was mostly generated by AI, please excuse any mistakes
Welcome to the CEO Mastery Show. Amanda Holmes here, your host. And today we’re going to talk about increasing your referrals by anywhere between 62% to 800%. How many of you would like to have more referrals? I’m sure you would.
Here is your dose of the ultimate sales machine coming to you from the new edition, visit ultimate sales machine. com to get your copy or multiple copies. I am your host, Amanda Holmes, CEO of Chet Holmes international. What you’re about to learn has assisted a quarter of a million businesses to generate billions of dollars working faster, better, smarter.
Majority of companies we talk to today, I hear so often that this is how I generate leads, is through referrals but my question is, are you getting reactive referrals or proactive referrals?
So, did you know that 91 of customers would give you a referral, according to the Carnegie Institute? However, only 11 of [00:01:00] salespeople ever ask.
Oh! Dagger to the heart!
That is leaving an 800 potential growth on the table just by not asking for a referral, but me give you the structure for how you should ask for a referral.
Now, we have companies come to us all day, every day, and they say, Yes, of course, I have a referral system. And when we start to ask, Okay, how do you get your referrals? Oh, will they come in when people start referring us? Okay, do you ask for a referral?
And very often they say, Well, sometimes, you know, or, Yeah, we have a system. How often do you use it? Well, you know, when we think about it. We probably should use it more.
It’s actually an analytic, you could probably track how often do you actually ask for a referral.
So this particular strategy that I’m about to show you, I have to give some props.
Gene McNaughton is an avid listener of this podcast. He used to run our consulting division. He’s generated billions of dollars for our clients. He gave me [00:02:00] this great script that I’m going to share with you guys today. And I think I also picked up a couple… tips from Scott Hallman. It’s been so many years, but I want to give them some credit where credit’s due.
So, when people come to us saying, okay, yes, I get referrals, but I don’t ask, ask yourself right now, do you get reactive referrals or do you get proactive referrals?
Three steps to your referral system.
Step number one, you have to make your clients happy. If you don’t make your clients happy, then you have to start at step number one, make your clients happy.
And there’s many reasons why you might not be making them happy. I’m not going to go into that today. Today is about referrals. So step number one, make your clients happy. Step number two to the referral system.
You want to make sure you ask at the right Time. The timing is everything and you want that time to be when they are at their peak experience.
So what is the peak referral state in which your client is experiencing the most [00:03:00] euphoria? So, for a lawyer, maybe it’s right after they’ve won a case. That would be the perfect time to ask for a referral.
Maybe it’s when you’ve just started to sell that client, and they’re in the euphoria of having bought.
Or maybe you’re shipping a product, and they get it as they arrive, when is that peak moment where your client is the most happy? That’s when you ask.
Now the third step to the referral system is, are you asking? If you don’t ask, you’re not going to get the referral. So how do you ask? I’m going to share with you a script right now.
So this was a, HVAC company that had a front desk person that maybe you have somebody at the front desk and very often they’re sitting there wondering what to do when nobody’s asking them a question. This is a great exercise that one of your staff can do while they’re sitting idle. So, they would have, they would call up clients that had just experienced their service and they would say,
AirPro [00:04:00] would call and say, Hey Al, we’re just calling as a professional courtesy to make sure you’ve been serviced correctly.
We have four simple questions to ask. Do you have four minutes? Client would say, Yes. Were we on time? Client said, Yes. Were they professional? Yes. Did they teach you how to use your new unit? Yes, they did. Did they professionally clean up before leaving? Yes. On a scale of 1 to 10, how happy are you with AirPro?
Client said, I would say a 9. Now they had a a whole SOP, a whole script for if they said anything less than a 7, they’d then go into a whole nother process to make sure they made that client happy and got the feedback back. For why they weren’t an 8, a 9, or a 10, but 90 percent of the time they got an 8, 9, or 10, right?
And what are we doing here? We’re asking four simple questions that quantify and qualify for them why you are a great service for them, right? So we’re reinforcing everything they should have been looking for which [00:05:00] actually should have been a part of the sales process aswell, right? these are the things you should look for before hiring a product
or service like mine and then you reinforce it after you’re done. Okay, were we professional? Were we on time? Right? Did we clean? Did we leave the place better than when we were there? So these four simple yes questions then lead to the ultimate question, right? In the meantime, please call us for anything. We want your experience to be perfect, okay?
Client would say, great, thank you.
Now here is the question. Now I want you to write this down, take a note. This is the question.
“Also, if you know of anyone who has any questions or issues with their system, feel free to give them this private number.
I will personally make sure they are taken care of for you”
notice how I’m not saying, Hey, you know, I’m sure you know some people that I could work with and I could really use some help. Do you think you could give any victims to me so I can prey on them?
Okay, obviously [00:06:00] not. We’re gonna have victims preying, but, uh, That’s what it feels like. It feels like someone’s trying to take advantage, right?
So, if you actually flip that script so it’s about them, so that you are the exclusive connector that’s giving all of your friends the ability to have the wonderful experience that you’ve just had right, so we’re reinforcing this Positive experience so that they’ll want to go and become raving fans of you And then client says something like you know, it’s funny You should say that I do have a friend that could really use your help, cha-ching!
We must make sure that the ask isn’t phrased, it’s phrased for them.
Now, we had a client that was a doctor, and they had two different doctor’s offices.
So same owner, same doctor, two different locations.
Now, one location had a 16 percent increase in their sales using this referral script.
The second office had a 42 percent increase in sales using the same script.[00:07:00] Tell me right now, what do you think is the reason between office A having only 16 percent versus office B having 42%?
I’m sure you can come up with some ideas.
Execution, practice , they actually asked, they actually used the script. Right?
So many different answers. When I ask this in front of a group.
There is a difference between Office A and Office B by 61 percent. That’s the I said I would help you find a, uh, increase your referrals by 61 percent. This is key.
I gave you the script. I told you how to set it up. I gave you the script. But then… This is critical. The difference between Office A and Office B is that Office B trained on that same script. Four times. Over and over and over and over again. And you saw the script. That is not a complex script. How many times have you given your staff a SOP, a script, a process, and expect them to master it with just one look?
Practice. Practice makes perfect. [00:08:00] Actually, my gymnastics coach growing up used to say perfect practice makes perfect. I’m sure he stole that from somebody, but it was very obnoxious at the time, but I agreed with him. So, are you giving them that script and reinforcing it? Week after week after week, right?
This is a month’s worth of deployment, and yet could be the result of a 61 percent increase in sales. Well, 42 percent increase in sales. Up to 800%, right? Because you’re missing out on 91 percent of your clients that would give you a referral. And you’re just not asking.
And that is the secrets to increasing your referrals by 61 to 800 percent.
Simple, easy, but mastery isn’t about doing 4, 000 different things. It’s about doing 12 things 4,000 times.
If you’d like help on how to double your sales, go to howtodoublesales.com and sign up for a no obligation consultation where we will help you understand [00:09:00] what money are you leaving on the table.