Getting Referrals at Social Events
Friday, May 11th, 2007QUESTION:
Bill:
Your e-mail newsletters are quite helpful.
I have a question. Myself and 3 other business associates (one is a local realtor, the other 2 are financial planners — a father and his two sons) have invested in a luxury box for the local AA baseball team. We have 20 tickets to each event, and there are 38 games. I am leaning towards utilizing 8 events for introductions. On a given night I would invite my clients, I’d use 100% of the box. I’d possibly invite 5 couples and suggest they bring another couple that would meet my ideal client profile.
Most games are 7:05, and I think I’d provide snacks and appetizers, since most retirees will have eaten by then. What about alcohol?
Would it make more sense to split the box on a given night with one of the other owners? I would assume that I could meet and converse with everyone if I had the whole box. Since this is the first of 10 years with the box, we are just getting our feet wet. I had hopped to acquire 2 new clients to justify the expense. Thanks for your help.
My referral business plan for ‘07 is to acquire 20 new retirees for the year. As of Friday, I have 7 new clients and need 3 more by the end of June.
Ted O.
ANSWER:
Ted,
Great to hear from you. I think alcohol in the box is fine – just don’t make it the centerpiece of the event. I suggest you think in terms of smaller eventsif they are going to be referral events. The point of a referral event is to really connect with these prospects. If you have too many people there, the connections aren’t usually very impactful. For pure client-appreciation events, you can have a larger group. Make sense?
Thanks for taking the time to write. Stay in touch to let me know how these events go. I’m writing a new book on Social Prospecting (due out in 2008) and this is the sort of thing that can produce great results.
Bill
In Just Be Honest: Authentic Communication Strategies that Get Results and Last a Lifetime, you will learn that honesty is not only the best policy; it’s the easiest and most effective way to communicate. You’ll learn how to be honest with others and how to get them to be honest with you.