The Power of Friendship
by: William Gennuine on
Does this sound familiar?
Hey. Have you tried that new restaurant in town?
Yeah. A friend from work ate there Saturday and they said it’s really good. The place was packed but the service was good and they had some really interesting things on the menu.
Cool. I think we’re going to try it tonight. Thanks.
Based on this conversation, would you be willing to give this new restaurant a try? We guess that you would, and, frankly, so would we.
Could there be something here? You bet there is. It’s the power of a legitimate referral, not made by you, but done on behalf of you from a trusted source. It’s called referral marketing and it is powerful stuff when done right.
So how does it work?
To begin with, you really do have to have something of value. No marketing can make up for a poor experience and, in fact, if you really don’t have something that can legitimately be referred, stay away from encouraging referrals until you do since failing to live up to an expectation is worse than having never created the expectation in the first place.
But when you do have something great, make it easy for others to share it. While there are many ways to do this, some methods clearly stand out. Email marketing, for example, is a great way to allow persons to refer to a friend. Sure, they can just hit the forward button on their email, but it’s far better to embed within the email an opportunity to forward to a friend. With Constant Contact, for example, forwarding to a friend is not only easy, but doing so allows you to collect new contacts to allow your distribution list to grow over time.
Another method is to get social. Social media by definition is a perfect medium to get others to share information about you. What you are looking for here is a Facebook fan page that is about your company. Be careful not to try to use a personal Facebook page to promote your business since Facebook frowns on the practice and may cut you off for doing so.
What the two methods have in common is the ease of making the referral and the potentially unlimited number of times a referral can be made with absolutely zero time and expense on your part. You also gain the ability to track referrals depending on the method you choose. In any case, referrals done electronically are huge and provide an effective and affordable way for you to get your message out.
So what more can we say other than, if you enjoy reading our Marketing Minute, we would be most grateful if you would, Tell a Friend.
When you’re ready to have a one-on-one conversation with a few thousand people, give us a call at 985.446.6088 or complete our request form.
Until next week.