Feb 1, 2012

Get With the Program! - B2B Referrals Mean Big Business!

We all seen the stickers. Maybe we've even used them ourselves... "We Love Referrals", "... Referral Only...", etc.  All that is great.  And if you read our previous blog on "Current Client Referrals", you'll see how powerful it is to actually go from a passive referral remainder-type campaign to a purposeful system for asking for and getting referrals.  But even after all that, there is a HUGE source of referrals that are even easier to get that most Realtors leave completely untapped -- "The Business to Business Reciprocal Referral".

My team got 10 Short Sale Listings in 8 months just from one relationship with a CPA.  How many times have you said to a client, "... please check with a CPA about the consequences of this transaction and how it may or may not affect your tax picture..." or something like that?  Now imagine being the trusted advisor in the relationship with that client.  The dialogue changes to something like, "... so John & Jane, while my team is preparing the package for submission to your bank, I want you to have a talk with Paul.  He's a world-class CPA and he deals with the intricacies of Short Sale situations all the time.  He'll call you guys in the next 48 hours to go over the details."  Sound good?

The key here is that, if you do it right, if YOU are the one who calls your referral partner with the contact information for the lead, if YOU get the leads permission for your referral partner to call, then YOU are the connector.  YOU are the one bringing the value.  It's not some unseemly quid pro quo relationship where you each keep track of how many referrals you get from one another.  But it absolutely results in TONS of business from your referral partner.  They WANT to send the business to you because they see the value in it.

Check out the upcoming FREE class at Nu Generation Lanes called "Double Your Business on 30 Days with Reciprocal Referrals" taught by Don Yoakum.  Click here for free registration: http://www.eventbrite.com/event/2830599399/REProResource

See ya there!