Peer Referrals …. Do They Really Work?

I recently had someone ask me if I get any ROI from attending marketing events or online symposiums. The truth is ‘Yes’ – I do. While I know many people don’t think marketing events or peer referrals truly work, the bottom line is to understand that referrals aren’t a “sure” thing. You still have to work to obtain the business.

Some people say, “Sure, refer me to your source” only to be nice. This is a lead that you will pitch and pitch and will never come through.

Other people say, “OK, make the introduction” only to see the cost of your services and run away- no matter how valued the relationship is. This lead was never secure to begin with.

Other people are thinkers. Other people are price comparers. And other people are actually interested. Like any type of business, referrals are simply inquires and you have to earn their business. Just because someone knows you and loves your services doesn’t mean the third party will buy on a handshake or virtual introduction.

So, how do you close a referral lead? Simple – just follow these 3 steps.

First, reward those who send you business. If the referring party has a financially vested interest, he or she will help to follow up and close the leads they do send over. Keep in mind, however, that only about 20% of all leads will actually close.

Second, offer a discounted or rewards program to those who have been referred to you. Even with praise and amazing ratings, an incentive-based offer to try your services for a limited time works better than sending over a large contract or long-term service obligation.

Finally, don’t be aggressive. Stop with the daily “follow up” phone calls, sales-ad emails (sent twice a week), and Facebook ‘Likes’. If a potential lead is annoyed with a pushy sales process right off of the bat, he or she will be skeptical of your services. I know it is hard- but be conservative with your follow up efforts.

Until next time,

Velma Trayham of ThinkZILLA

The PR Power Is In The Lesson!

Happy Almost Friday! Below are a few powerful PR lessons I've learned. I want to share them tonight so you have a few tools to help you better your ability to compete within business.

Here we go;

Before you create anything in business ask yourself these two questions: “What problem am I solving for my ideal client/how am I being of service?” and “how does this lead to making money?”

Brain storming is vital for success. When you release all of the ideas in your brain and get them down onto paper you can start to strategize and organize. You can put the pieces of the puzzle together and eliminate the ideas that don’t serve you.

Just because you CAN do something doesn’t mean you have to. You are great at many things but that doesn’t mean you have to do all of them at once. Take that one step further… just because you started out doing one thing and became known for that one thing doesn’t mean you have to continue to do it if it no longer thrills and excites you. Let it go.

Community is critical. There is nothing more comforting than sitting in a room with like-minded people who are taking a risk and opening up about their fears, insecurities and limiting beliefs. It’s not easy to speak your truth but once you release it, you can move past it.

Mentoring is invaluable. I truly believe that the fastest way to success is through mentoring. There are things experience can teach you through the lessons and insights shared by those who have been there and done that.

The only way to grow is to take risks. The surefire way to stay exactly where you are is to do exactly the same thing you are doing right now. It’s a choice. Choose wisely.

Until next time,

Velma Trayham

Instagram Leads 2015 for PR Clients

I can’t tell you how many of my PR clients are lost when they show up in my office. They have either been burned by a bad publicist or they have been trying to DIY it.  While a pro, like me, has to reign things in and rebuild or brand from the bottom up, there is one app that I tell my clients to use and to use frequently. It’s Instagram.

Now, people seem to be hooked on Pinterest and not Instagram. The opposite should be true.  Pinterest works great as an intention book or a quick recipe share with a deep link. It is popular for hairdressers and retailers as a way to engage with their clients. From a personal branding perspective, Instagram is better for converting a fan base that TRULY follows you.  You can have all the social media accounts in the world but if you’re not using them properly, and you’re not converting ‘Likes’ to business, why bother?

Instagram means brand loyalty and brand loyalty means business, maybe not as immediate ROI- but it will cultivate leads that eventually turn to business. Pinterest, however, is for sharing pretty pictures and recipes.  Many tech savvy journalists agree with me. Instagram is still beating Pinterest as one of the top phone apps to use for business in 2015. If you don’t already have Instagram, and you’re not actively using it, you’re already that far behind. The good news it is isn’t too late to join the game.

You can’t outsource Instagram either. I take that back, you can- but it defeats the point. Content and marketing can be outsourced for Google+, Yelp, Facebook, Twitter, and LinkedIn. Instagram demands more of your time because it is a social engagement app. Your followers want a peak into your life, not a marketing update!

So, ask yourself if you’re active on Instagram. If not, download the app right now and start posting!

Velma Trayham of ThinkZILLA