The best way to thank clients for referrals
Date: 2008-06-26
Tags: Practice management
The difficulty with all of these is that while they will undoubtedly be appreciated, they are unlikely to truly stand out in the client's mind. Part of the reason is that gifts such as these run the risk of coming across as somewhat impersonal.
One trick to making your thank you's stand out is to ensure that they reflect the client's interests - and that clients know that you selected the gift for that reason.
So if you're making a contribution to a charity as a thank you, make sure it's the client's favourite charity - and let clients know you chose the charity because of that.
If you're sending a CD or a book, make sure it's by your client's favourite author or performer. If you're sending a gift basket, order if from your client's favourite store.
If you're saying thank you with tickets to a concert or to a sporting event, make it your client's favourite singer or favourite team.
If you're sending a gift certificate for a restaurant, ensure it's your clients favourite restaurant or type of cuisine.
You can make the thank you even more powerful by inserting yourself into the equation. Let's suppose that you know that your client loves Paul Potts (the unlikely winner of the British reality show England's Got Talent) and Paul Potts is coming to town for a concert - you can send the right signal by calling your client and telling them that you know they're a big Paul Potts fan and would like to send them tickets to hear him when he's in town. Better still, tell your client that you'd like to invite them and their spouse to join you and your spouse for dinner and then to hear Paul Potts. While you've more than doubled your cost, the impact of the thank you has gone up dramatically.
One advisor says thank you for referrals by inviting the existing client and the new client who was referred for a nice lunch - a combined thank you to the existing client and welcome aboard to the new client. For larger referrals, he'll make it dinner and invite spouses. Again, while not inexpensive, he has found the investment has paid big dividends in ensuring clients truly feel thanked and acknowledged and in the future referrals that result.
The bottom line: Anyone can write a cheque for flowers or a gift certificate. If you truly want clients to feel thanked, you need to go the extra mile to make the thank you personal.

