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  • Horsesmouth director and resident referral expert Miriam Lawrence is the primary author of the Automatic Referrals action research report and has been helping financial advisors hone their marketing, prospecting, and business planning skills for more than 10 years.

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referral reading & resources


  • Grab CPA Referrals

    How To Grab CPA Referrals by the Dozens
    Daryl Logullo


  • Get More Referrals Now!

    Get More Referrals Now!
    Bill Cates


  • Building Your Multi-Million-Dollar Practice

    Building Your Multi-Million-Dollar Practice
    Peter and Katherine                  Vessenes


  • Endless Referrals

    Endless Referrals
    Bob Burg


  • Grab CPA Referrals

    Attract High Quality Referrals with Distinctive Events
    Michael Brizz

« The surprising truth--how referrals affect client relationships | Main | Should you contact referrals by email? »

Prospects prefer referrals from "a person like me"

Whose opinion counts most to your prospective clients?  According to the most recent survey by The Edelman Trust Barometer, the answer is most likely "a person like me."   (Thanks to the Church of the Customer for pointing out this link.)

This fits nicely with research conducted by Prince & Associates a few years ago. They found that at 2/3 of affluent clients said they'd prefer to find a financial advisor by referral, and about half of those would look to friends or colleagues (aka "people like me") for that referral:

Prince_chart_3

Your best prospects WANT to find you by referral.  If you're not regularly asking "people like them" for introductions, it's time to get started.

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Comments

Interesting read; in reality you could replace "Affluent" with "CEO" or "buyer" and the same stats would apply. I know this is your niche, but what you are saying relates very strongly to b2b marketing as well.

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