How To Use Different Types Of Power Referral Marketing To Increase Your Profits!
(Just Like The Ultimate Insiders Do!)
So are you definitely, reaping the rewards, from your current, power referral marketing strategies and or tactics?
And if not, why not? 😀 Because clearly, you can appreciate, both the short and long term profitability, from implementing any type of power referral marketing, correct?
Honestly, how much more profitable would you business and or service be, if at least part of your revenue was constantly being generated, strictly from and by, some positive word of mouth or mouse buzz. 😀
Which means, less upfront out pocket cost, for you to consistently generate, the exact same results. This wouldn’t be such a bad thing, now would it?
So How Do The Different Types Of Power Referral Marketing Actually Make You More And More Money!
Ladies & gentlemen, see the image featured with this particular post? It’s a screenshot I took, (then added the text to the left of the image),of my blogging bud, Internet and affiliate marketing expert, Peter Beckenham, of Peterbeckenham.com fame.
And here’s one of the times, has was courteous enough, to refer me along with seven other bloggers, he affectionately referred to as, 8 bad _ ss bloggers, you must follow. 😀
So here’s an influential blogger in his own right, with both his own constantly growing following, plus his very own, constantly growing opt in email list of extremely loyal subscribers as well.
So when he (or) you and I, recommend, a business, product, service and or another individual to our tribes.Guess what usually happens? 😀 Bingo!
(Extremely important note: BTW, the video included with this particular video, is the one where Peter highly recommends yours truly, along with seven other noteworthy bloggers. So please do check it out. 😀 )
Why You Simply Have To Add Some Bank Account Filling Power Referral Marketing To The Mix!
Now let’s quickly take this same proven marketing strategy offline. And see (using) strictly a hypothetical marketing example, for further illustration purposes only.
As some of you recall, in a recent blog post, it definitely pays, for you and I, to at least understand, the basics of lead generation strategies.
Be sure you read both installments, because this particular post, simply piggybacks of those two.
But from a slightly different marketing perspective.
And hopefully illustrating the power referral marketing concept, from yet another perspective, which truly opens your marketing eyes wide.To what’s definitely possible.
Developing Effective Lead Generation Strategies And Or Tactics Is Definitely A Potential Game Changer For You And Or Your Major Competitors!
So let’s say you currently are a major managing partner, of a growing, and extremely influential, local law (and or) CPA firm.
And your firm currently has a grand total of 40 employees. And you along with three other major managing partners, do a ton of all kinds of business within the local community, right?
All totaled, your one law firm alone easily does in excess of $15 million dollars a year, in different kinds of gross front end billings.
Meaning, you close high end, residential and commercial real estate and business deals too.You also charge your clients, for helping them sell, their primary and secondary homes.As well as their investment properties too.
Plus, your firm routinely helps them,their relatives, in laws and their neighbors, sell their seven and eight figure a year earning businesses as well. 😀 And you help them draw up and re- write their wills and super complex business partnerships too.
Really Effective Lead Generation Strategies Can Instantly Connect Tons Of Non Directly Competing Vendors!
Plus you have at least 25% of your steadily growing customer base, (who aren’t exactly poor! 😀 ),which also needs, ongoing estate planning help,of the highest order.
Hopefully you’re starting to get the picture, of all the types of local consumer interactions, your one law (or ) CPA firm alone, is constantly involved in.
Both you and your managing partners,also regularly attend, private dinner parties,plus you help with highly visible, local fundraising events etc.
There’s Simply No Doubt About It Extremely Successful Entrepreneurs Know And Understand The Long Term Profit Potential Of power Networking And Power Referring!
You personally know and socialize with, current and former mayors, top level hospital administrators, dentists, college deans, bankers, real estate and six and seven figure a year earning stock brokers too. 😀
Each of you sit on various boards, of local corporations.Some of whom, have between 50-400 employees etc.
Both you, your managing partners, and your firms associates, all have in laws, kids, spouses, relatives, live in significant others, neighbors, golfing and card night playing buddies and co-workers etc. Right?
This Is How And Where Your Entrepreneurial Skills Help Connect The Dots!
Ladies & gentlemen, are you starting to get a much better feel, for the big entrepreneurial picture? I sincerely hope so.
So now that the stage is properly set. Imagine this particular scenario unfolding. You and or one of your managing partners, takes your rather high end luxury foreign car, to local mechanic shop.
And because the local economy, is sort of in a mild recession.It’s kind of slow for the auto mechanic, and recently, they had to reduce two full time employees hours from 40 hours per week, down to 30 per week.Ouch.
But they agree to take your high profit margin producing tuneup job next, because you offer to throw an extra $100 dollars into the mix, if they can get your car back to you, within the next three days or less. 😀
Extremely Savvy Entrepreneur Are Constantly On The Lookout For Untapped Marketing Opportunities!
Upon picking up your car, within the next three days, you notice, this customer service driven auto repair shop service provider, also performed a few additional semi minor services for free.
But they easily add up to an additional $100 to $300 in free goodies. Obviously, they’re hoping, and banking on you, (and eventually your colleagues) telling a ton of people, in both your immediate professional and personal inner circles, about their fabulous auto repair shop, correct? 😀
Plus give them a mention or two, on social media as well.
And here’s where your first, really big, marketing light bulb moment initially surfaces.You inform the auto repair owners, your firm currently has, just over 13,000 locals, on your main opt in email /mobile marketing list(s.)
Open Your Small Business And Or Service Up To The Long Term Marketing Possibilities!
Not to mention the fact, both you and your three other managing partners, also know and routinely socialize, with tons of local vendors, who both they and some of their valued employees and or associates, also drive really nice cars, trucks and SUV’s etc. 😀
Here’s what you ultimately propose.Your firm will gladly, periodically email your opt in subscribers,(and or text message) one of the auto repair shops, extremely time sensitive, brand new first time only discount/gift certificates to your list.
Who Says Your Small Business And Or Service Can’t Think Extremely Big!
Plus, have your secretaries, periodically insert them int your out going snail mail as well. In exchange for doing so.
The repair shop owners, agree to provide all four managing partners, with free repairs! Plus, give your employees, 35% discount on any and all repairs they do for them.
And for this privilege, the law firm, will gladly allow the repair shop, to keep 100% of the long term, back end repeat business, they generate from this battlefield tested, power referral marketing strategy.
Are you starting to smell the long term marketing possibilities yet? Great. See you in just a little bit, for part two, okay?
P.S.Now as is customary during this part of our show.
Please share your extremely valuable comments (in the comments section below) that you can
apply to your business, product or service in the next 30 days or less!
As always, if you got any value out of this post, please Google Plus or tweet this.Thanks!
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