How would you like to take your sales team’s closing ratio
from 20% up to 64%? It can happen by
just encouraging them to knock on the neighbor’s door. It sounds too good to be true, but working on
referrals is the quickest way to increase your closing ratio by almost
40%. Most managers tell us they make
their sales team ask for referrals.
Still most sales professionals fail to do so. Here’s an easy way to get that referral and
rocket your sales closing ratio to a new level.
Do you know who your next door neighbor
is? Most Americans don't have any idea who lives across the
street. We can thank too much television
and the internet for that. Whatever happened to the good old days of “you watch
my kids and I'll watch yours”? Try this
on for size: go out and plan a block
party. I'll write the invitation.
“Join us for a pizza party this Friday!
It's a chance
for neighbors to meet each other,
and we'll even pay for the pizza!”
Get your kids to help you hang an invite
on every door, order 20 pizzas and get to know your next door neighbors.
Now you may be asking, “What does this have
to do with increasing my closing ratio?”
Okay, here goes: who's your best
client? I know you can answer that, but
can you tell me what business is right next door to them? And better yet--who is the decision
maker? I'm amazed at the number of
sales people who fail to go next door to their best client and ask for
business. Or better yet, take that prized
client next door and ask for an introduction.
Talk about a referral! By the
way, if you own a business and you don't know who is next door, try taking your
product next door for them to sample. Say you own a coffee shop and the guy
next door is a barber. Take over some
samples. Remember, people want to do business with people they know and what
better way than to do business with your neighbor--or your neighbor’s
friends! If nothing else, it's a good
excuse to order pizza this Friday.
So now we know we should be asking for
referrals. But there’s another
step: follow-up. According to my reserarch 81% of referrals
are not followed up. That means the
sales person isn’t even making the phone call on the prospect. Start asking your team to identify the
client’s next door neighbor and create a system of referrals and
recommendations that will increase your closing ratio by 40%. It all starts by meeting your neighbor and
learning to sell next door.







