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espinja -> RE: Discussion Question " Unless someone knows you: how do they know?" (7/21/2003 10:52:40)
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Thomas, In your anonymous prospect' s defense, I' ll bet his cynicism/skepticism has very little, if anything, to do with you/OutFront. In fact, I' ll bet his disposition grew out of past experiences with less-than-trustworthy businesses. He sounds very cautious, which makes your job more challenging while you build mutual trust. But the bright side is, you now know that he is smart and aware, which makes for a great customer if you can win his business. You know, it' s hard to blame him, or anyone else these days. You just can' t be too careful... But, I agree with everyone who has eluded that registering with the BBB and your Chamber of Commerce is a waste of time/money. After all, they don' t know you, anyway. So... What to do, what to do..? That' s easy... Give him exactly what he needs, but from somewhere he would never expect it to come from. Here' s my tactic: The first time I meet with a new, potential client, I bring FOUR THINGS, and nothing else: 1. A letter from my bank 2. My CPA' s contact information 3. My lawyer' s contact information 4. A $100 bill Without giving specifics, my bank confirms that my business is financially stable, and here for the long run My CPA will cooperate with an audit/verification and work with an external reviewer to open up the books My lawyer will confirm that I am not a party in any business-related lawsuits The $100 is for his lawyer, CPA, or himself, for time spent communicatng with my own bank, lawyer, and CPA. Some of my clients have taken the $100, others have not. But almost all of them are astonished by my behavior, sometimes speechless. And most of them agree to let that $100 pay for my last hour of services. At the end of our first project together. That $100 becomes my Holy Grail, but more importantly, it is a KILLER metaphor, a symbol of the all-too-elusive " project closure" we all dream about reaching in every project. Your clients have fears, doubts, and worries just as we do. So rather than trying to sell yourself and " get the projects," make it very easy for the people HE trusts most to check up on you; his own lawyer and CPA. Who could possibly be a better reference than they can be? Don' t wait for him to ask you for references. Provide those up front, and without strings attached. After all, one doesn' t survive long in business by being careless, and our potential clients are justifiably cautious. Show your respect for his need to be diligent, by giving him what he needs to feel comfortable with you. Be sure you do it, right then and there, during that first meeting. Most people won' t notice that you have yet to discuss the work to be done. But later, when they realize this one thing, they will appreciate the fact that you didn' t try to force them into high-pressure sales or commitments. That' s DEFINITELY worth $100, in my book... Of course, you must remember that not all clients are the same. Some will like this approach, others will be offended by being handed a $100 bill (feels like a bribe, even though it isn' t). So, remember that it' s only one of hopefully many magic potions in your bag of tricks. The key is in identifying what drives your customer, as early and as accurately as possible. Hope this helps..! And, I apologize for rambling on for so long.
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