968. Core Strategies To Make Your Business More Referrable
Nov 3, 2023
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This podcast episode discusses core strategies to make your business more referable, such as clarifying and communicating results, recognizing and incentivizing referrals, and the importance of referral marketing and asset development. The episode also announces an upcoming event and encourages registration.
Clearly communicate the core result of your business to remove confusion and increase referrals.
Streamline the referral process by providing a templated one-page document and offering incentives to motivate people to share about your business.
Deep dives
Key Point 1: Emphasizing the importance of clarity in conveying the core result of your business
To make your business more referable, it is crucial to clearly communicate the core result that people can expect from your business. Distractions are abundant, and attention spans are low, so any confusion or hesitation can result in missed referrals. By consistently and clearly stating the main result you deliver, both in your interactions and online presence, you can remove the friction that prevents referrals and increase overall sales from other sources as well.
Key Point 2: Providing a templated one-page document to facilitate referrals
Streamlining the referral process requires providing a templated one-page document that clearly defines the key result you deliver, the ideal customer avatar, and specific details about the type of people who benefit most from your program. This template enables those referring to your business to easily articulate what you do and who you serve, eliminating confusion and making it more likely for referrals to happen. It also ensures that people outside of your program can accurately describe your services, removing the burden from their shoulders.
Key Point 3: Simplifying the process and offering incentives for referrals
The process of referring should be simple and straightforward, as busy individuals value efficiency. Having a live human available to answer questions quickly adds a personal touch and enhances the referral experience. Furthermore, offering incentives creates motivation for people to share about your business. These incentives can include monetary rewards, access to exclusive benefits, or recognition for their efforts. By implementing a well-structured incentive plan, you can encourage more people to advocate for your products or services, resulting in increased referrals and business growth.
In this episode of The Kelly Roach Show, Kelly uncovers five strategies to reduce friction and make your business more referable. With a focus on simplicity and clarity, these strategies are designed not only to boost referrals but increase overall sales by improving how you connect with your audience and partners.
There is unbelievable power behind a singular, clear result that your business delivers, and Kelly urges entrepreneurs to communicate this consistently across all platforms. This clarity is what turns casual customers into active referrers. The episode goes deep into the practical steps of crafting a compelling message that your clients and partners can easily share, eliminating confusion and indecision that will tank your referable potential.
Also in this episode:
Having one-page templates that outline your key results and ideal customer avatar
Streamlining your referral process so that it's effortless for busy prospects
Incentivizing referrals through a thoughtful and appealing rewards system
Asset development for making your business easily deferrable through social media content and branding up-to-date and engaging