Operations

Consider Referral Only Selling To Increase Business

Posted on March 7, 2016 by Sara Eastwood - Also by this author

Does the name Belfort ring a bell? He is the Wolf of Wall Street, and anyone who saw the movie about Jordan Belfort’s notorious life knows he was not an ethical guy. However, he perfected the art of Referral Selling, and there are some pearls of wisdom that I gleaned from studying him that might be helpful to you.

First, Belfort believed people always want what they can’t have. Demand for things is created by the perception of exclusivity. He would create a sales person that embodied the “referral only” method to the point where on his business card, “referrals only” was used as a tagline to create the perception he was in very high demand. People felt lucky to get an appointment with him to be able to buy from him!

Referral marketing or selling only works well if you have a good reputation. You must do right by people. Bigger is not necessarily better. Your service has to project a CARING ATTITUDE, and many times quality control falls down more with bigger organizations than smaller boutique companies.

Too often we are overly focused on our chauffeurs. Yet there are so many other client touch points to a company which include reservations, dispatch, your sales team (including YOU), web and social media presentation.

We need to assess our companies on a regular basis and challenge our teams to project a friendly, positive, and most importantly, problem-solving attitude. If you’re confident that your company nails all this and enjoys a rock star reputation, you’re in a great position to adopt referral-based-only selling techniques.
Referral Selling requires you as the owner of your company to be out in your community and engaged in organizations such Meeting Planners International (MPI), the Global Business Travel Association (GBTA), your chambers of commerce, and schools and civic groups.

One great way to bond with people is to “open up your house.” Put on referral oriented events like a “getting to know you” parking lot picnic or become a sponsor of one. Wherever you go in social settings, remember to ask this question: “Do you know of anyone or any business that you do work with that might benefit from my services?” Referral Marketing can also be used as a recruiting tool. Consider a career night at your offices for example. Get to know people in a social setting to cultivate referrals.

Selling efficiently is key. Referrals are a gold mine of untapped opportunity! As we enter the busy spring season, it’s timely to think about sales strategy. Good luck!

View comments or post a comment on this story. (0 Comments)

More News

Skedaddle Works To Change Charter Bus Business

The on-demand bus app could fill a lot of down time for motorcoach operators.

Ohio Family Opens Party Bus Business

The bus includes a custom-built bathroom, color-changing LED lighting, and a SMART TV.

Metro Cars Builds Strong Affiliate Relationships

The Michigan-based operation believes in the importance of forming bonds with other ground transportation businesses.

Uber Gets Silly, Creepy & Cheap

TNC Travesties Of The Week: Selfie check-ins and ghost drivers. . . and people still debate driver background checks?

Top Luxury Hotels Thrive Despite Global Travel Drop

Affluent consumers are cutting down on stays with a modest decrease in booked nights.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blogs

See More

See More

See More

See More

LCT Store

LCT Magazine - September 2016 $12.95 COVER STORY: * How Do We Max Our Markets? * *
LCT Magazine - August 2016 $12.95 COVER STORY: * Stay in the Black Despite Insurance Blues * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close