More Clients Memorandum
Follow up is for losers?
Posted on March 9th, 2014.It's no secret that follow-up is one of the absolute keys to winning clients. Only a small percentage of the potential clients you get in contact with are ready to buy when you connect with them.
So you need to follow up to build credibility and trust and to be top of mind when the time is right.
Here's something rather more surprising:
Some of the very best people to follow up with are the ones you lost business with. Here's why:
Firstly, with potential clients who chose someone else rather than you, our natural reaction is to ask for feedback, send a snarky reply questioning their evaluation, then never contact them again.
But the truth is that clients often have second thoughts after hiring someone. Sometimes it doesn't go as well as they'd hoped and they have to find an alternative.
If you haven't kept in touch, there's not much chance of them picking you as the alternative.
By keeping in touch I don't mean repeatedly nagging them to see if they've had any problems. I mean continuing to nurture your relationship just as if they were a high-potential prospect.
Remember, they may have made a decision to hire someone else – but at least they've made a decision to hire someone. That means they have a problem or goal big enough and urgent enough to warrant addressing. And they're willing to spend money to address it.
So if things don't go well with their first choice they'll need to find an alternative fast.
That's where a strategy of proactively adding value pays dividends.
Send them useful, insightful information in the areas they're working on and you'll be the obvious person to turn to should they need help. And even if things go swimmingly with their current supplier, it sets you in the right light for the future.
And that nurture strategy also applies to clients where you decided you weren't a great fit or that someone else could do a better job than you.
People often say that if you turn down work you'll gain the respect of the potential client and they'll recommend you to others.
I've found that although they may start off with that intention unless you keep in touch and top of mind, those good intentions often fade as other priorities begin to occupy their mind.
So whether your client chose to go with someone else, or you chose not to proceed – keep them on your nurture list and keep adding value.
Pretty soon that loser will be a winner for you.