Best Gift to Any Business is a Referral

iStock_000022240123_ExtraSmallAre you looking for the perfect gift to give your customers or clients this holiday season?  There is one gift that has far greater lasting value beyond a spoken word of thanks, a sparkly holiday card or overflowing basket of nuts and baked goods.  It is the ultimate gift — the gift of a referral.

When you tell a client or company that you believe in what they offer, so much so you are willing to tell others, you are bestowing a very special tribute. Beyond the confirmation, providing an unsolicited referral requires thought and work. It is a bit like the effort of making a homemade holiday gift versus buying all your gifts online. You have to think carefully about the need and fit between the referral and referee. You are attaching the value of your name as an endorsement to the product or service.  You will forever be the link between the buyer and seller. Your gift will often be appreciated more because of the effort you put into the “making” of the gift.

Another reason for giving a referral as your holiday gift this year is the financial value. Customer referrals are instrumental for business growth.  In fact, the value of a referral can even be more than a single purchase, especially if the client offerings are complex or dependent on developing long-term relationships with valuable prospects. Your gift can shave months off of the sales cycle.  A referral can reduce the cost of sales and customer acquisition costs. You could be gifting a customer and potentially a profitable customer with significant real lifetime customer value (LCV).

Your word matters and your actions speak louder than your words.  Everyone is grateful for a ringing testimonial.  It serves great purpose to have your endorsement out into the marketplace to attract buyers for your clients and show your support.  The actual gift of a referral is going beyond championing your like and approval.  It is an affirmation that you believe both sides of the transaction will benefit. You are providing a seal of approval for an engagement between the buyer and the seller.

Yes, we all want customer recommendations on LinkedIn, Yelp and on our Facebook and Google+ pages. It is good business practice to endorse your customers and clients when they buy your services.  This will encourage them to do the same for your business.  Word of mouth and online reviews are proven to work.  Market studies show buying decisions are impacted by referrals, as noted in HubSpot’s example of the impact of social media referrals: 71% More Likely to Purchase Based on Social Media Referrals [Infographic]. These endorsements are reviews of our work. They are critical to marketing today.

Knowing the value of a review and recommendation, the referral puts financial value to your words.  As you put together your shopping list this holiday season, think about the best gift for your customers.  A gift that only you can provide by making a meaningful connection.  A word of gratitude followed by an invitation to do well.  A contact that can lead to revenue. Give the ultimate gift to those that pay you. Give back by giving them a customer!

The greatest gift is a portion of thyself.” – Ralph Waldo Emerson

By Jamie Glass, CMO & President of Artful Thinkers and Managing Director of Sales & Marketing Practice at CKS Advisors.

A Little Civility Thank You

As we live, eat, work, grow and socialize together 24 hours a day, it does make sense we continue to reinforce the basic rules for how to treat one another respectfully.  Under no pretense is this meant to be preaching, it is simply a reminder of our times.  Thank you matters.  You are welcome is appreciated.  Please is polite. I understand does not mean you agree, it means you listened.

Civil nations have rules and expectations on how to interact through defined customs.  How we greet each other, open conversations and end our discourse are all ways to show our civility.  Agree to disagree, we can also always choose to end our interaction with respect.

Governing rules of how we are expected to interact with one another help us all live with some order.  We have attempted to assign rules of social behavior based on principles of etiquette. Read a good Emily Post article lately?

We have golden rules that are taught in almost every religion.  Treat others as you want to be treated yourself.  We have rules surrounding global conflicts, we have rules of order for meetings and legal proceedings, we have rules we follow in business and school.  We also have assumed rules for how we can politely and respectfully engage each other.  We have even gone so far as to teach these principles in schools, churches and other institutions.  Applying them is when it really counts!

Thank you. Please. You’re Welcome. Going beyond the rehearsed pleasantries, we also have defined ways of showing appreciation and gratitude. I understand. I appreciate your help. I am grateful. Very civil ways to engage with each other.

Recently, I was at a service counter and the person asked me, “How are you today?”  I replied, “Great! How are you?” There was no response.  Then he stopped and starred at me for a good 20 seconds.  He said, “No one ever asks me how I am doing, so I am a little shocked.”  He was a young teenager, probably working his first or second job.  He had been properly trained to say the words.  No one finished his lessons in civility, that polite expression that says I really cared about how you are doing today.  Why? Every person he had asked never cared to respectfully ask him how he was doing.

As we look to speed up how we interact in real-time, access information in nanoseconds and connect with each other around the world, maybe we need to have some basic reviews of 21st century civility.  Thank you. You’re Welcome. Please. Good-Bye. Hello. It is universal. How are you? Can I help you? I appreciate your understanding. They all seem to have use around the world. Maybe if we continue to focus on what we all know is respectful we can accomplish more — together.

As our society enters into greater opportunities to engage with each other, look for more examples of respectful human interaction. Share these examples. Teach others. Respond to the question, how are you doing today.  Rudeness is ugly. We accomplish nothing when we are less than civil.  We don’t teach anyone.  We seem to not care.  Being right, only matters to you.  Being responsive, appreciative and polite matters to everyone.  If we start with respect, maybe we can have a good social relationship with everyone.  It’s worth a try.

Thanks for listening.  I appreciate your thoughts and comments.

Jamie Glass, Outsourced CMO and President of Artful Thinkers, a strategic sales and marketing consulting company and Sales & Marketing Services Managing Director at CKS Advisors