What to Do to Get Referrals from FeedForward Cards

What To Do To Get Referrals: What to Do to Get Referrals from FeedForward Cards

There is always more than one right answer to a question – which is why questions on a FeedForward Card create a series of InfoMinutes, not a single, simple, response.

  • Share a question you received, then explain why there are two distinct answers based on size or amount. 
  • Include the situation where each answer would be appropriate.
Linda Loud

Response from Linda Loud

Does this Mary Kay product come in a different size? Sometimes the person is thinking that to reverse their signs of aging, it will take 5 gallons to get the desired results! The answer is “No. We don’t have 5-gallon tubs of our skin care products, but 'a little dab’ll do ya' in most cases." Or they are addicted to their Mary Kay products and simply won’t leave home without them. They want smaller sizes of the same great products for their carry-on bag. They don’t want to risk putting them in a checked bag that may or may not arrive at their destination with them.  Yikes... That can create a Mary Kay Emergency! Then I can answer “Yes” in several instances: The Miracle Set, VoluFirm and ClearProof skin care sets have The Go Sets. Many of our supplements like MicroDermabasion, Satin Hands, Oil-Free Eye Makeup Remover and Lash Intensity Mascara have Deluxe Mini versions. These smaller sizes are great for travel or for someone wants to try products for a week or so before investing in the full-sized products. Same question, different responses.

Wendy Kinney

Response from Wendy Kinney

from the PowerCore Team

"Should I do a 7-Minute on this topic, or spend six weeks of InfoMinutes on it?"

There is time, in a year, for eight six-week series of InfoMinutes.

  • That's two per filing cabinet drawer. 

Depending on Team size, a Member will have as few as three, or as many as nine 7-Minute Presentation opportunities.

My next questions are:

  1. what percent of your business is this, now?
  2. what percent of your business do you want it to be?
  3. is this fun + profitable for you?

When the answer is a low number, do a 7-Minute, because that only takes one week.

When the answer is a high number, do a series of six InfoMinutes to stimulate more attention and retention.

And - this rule of thumb is not infallible. 

Persephone Galambos

Response from Persephone Galambos

from the Milton Team

Question: I know several people that sold their home but are unable to find a home to buy. What are their options?

If they are having trouble finding a home because they have limited funds and cannot give up contingencies in multiple offer situations, then they should consult with an agent that has programs to convert their offer to cash with few contingencies. This is more attractive to a seller and can have their offer compete with other cash offers. 

If they are having trouble finding a home when they have plenty of funds that allow them to give up contingencies, then they should consider finding a home that needs some work. These are not as popular. They stay on the market longer and there are not generally multiple offer situations on these homes that go well over asking price. 

 

 

Eric Sapoznik

Response from Eric Sapoznik

from the Milton Team

One great question I’ve received is as a tenant advocate who my target clientele would be. This is a very loaded question, but let’s dive in. It can depend on the size of the space that is needed, the span of their search area, the amount of people working at their company, and what their budget is. My best clients are going to be small to medium sized businesses located within an hour of downtown Atlanta. 

The size can be tricky for some to determine if it is their first office or if they’ve grown, but I have a space calculator so once I have an idea of if they want individual offices or an open concept, how many people need to have a private office, what other rooms are needed (conference room, print/mail room, kitchen/break room, storage closets, etc), and a few other details I can then help them to find an estimated size range to begin the search. Even once we know the approximate size, the floorplan will drastically change if a certain space can work or not. I am at every tour and showing to make sure that I collaborate with my clients to verify the space fits their needs and allows for growth. 

For the search area, it will depend a lot on what type of property and where they are looking to verify that I can best assist them. If they need warehouse space and to be in Roswell there are only a couple of industrial properties that exist in Roswell. So instead they may have to consider Alpharetta, Cumming north or Duluth/Norcross to the east or Marietta or Woodstock to the west. I can’t create new space (maybe one day), but will do my best to find all the options out there to present to them and help my clients to understand the market and what may be coming available in the near future. 

The amount of people will usually be 2 or more people. Many of my clients are in the 5-15 employee range, but I've worked with clients that had over 75 employees.  I can’t do much to assist with single employee businesses, but I do have great referral partners at executive suites and shared office spaces to recommend to them and will be available once they grow and are ready for their own business space. With the budget, if they come to me with a budget that matches or is cheaper than their existing office, I will reivew the market with them and check to see if it is even possible before diving into the search and available options. If they don’t have the necessary money saved for a larger or new space I can discuss lending options with them or potentially signing a short term renewal to stay where they are if the price is right. No matter what, my goal is to do the best I can for my clients so that they can thrive and grow at their new location!

Tom Wallace

Response from Tom Wallace

from the Peachtree City Team

Question  --  I hear I should save up 3-6 months of basic expenses for emergencies.  How much should I save?

The amount of savings should be based on stability and risk tolerance.

1.  If you are in a job with a stable base income and your position is secure, three months could be enough.

2.  In a job that is commission only with lots of fluctuation, six months may be better.

In either case, if your tolerance for risk is lower, a higher amount in the bank can help with lower stress and help you sleep better at night.

Monica Hyder

Response from Monica Hyder

A question I am asked a lot is How will you price? In our on-line auctions, everything starts at $1. There are times we set a "reserve". The reserve is placed on certain items in which is the minimum price that the seller would be willing to accept from a buyer. 

 

Zach Sellers

Response from Zach Sellers

When quoting someone's commercial auto policies, I always review their liability limits to make sure they have enough coverage to protect their business. 

The first quote I do is a comparison with their current coverages and the second quote is what I would recommend.

The comparison might have a lower liability limit, no medical payments, and might not cover the damage to their vehicle. While the second includes those coverages. This informs the client on how to protect their business and shows them how much the additional premium would be. Something I ask is if they are able to replace their vehicle out of pocket in the event it is damaged.

The answer on which policy to select is ultimately up to the client, but they'll be informed on what they're selecting.