Cultivating the Trust Factor
In today's highly competitive economy, it is difficult to
maintain a significant market advantage based on your
professional skills alone. Developing a trusting relationship
with your clients is key to your success. No matter what business
you are in, the most powerful value-added you can contribute in
any business relationship is the trust factor. The trust level in Corporate America is at an all-time low, and
suspicion of "all things corporate" is on the rise. Clients and
prospects are in search of trust in their business relationships.
Although people do business with other people they know and
trust, building trust and credibility does not happen overnight. What is trust? Trust can be defined as a firm belief in the
honesty of another and the absence of suspicion regarding his
motives or practices. The concept of trust in business dealings
is simple: Build on an individual's confidence in you and
eliminate fear as an operating principle. To cultivate trust, take the risk of being open with clients and
prospects. This enables them to perceive you as a real person--one
with strengths and weaknesses that come into play as the
relationship develops. When trust is reciprocal, you will find
that your confidence in others is rewarded by their support and
reinforcement of what you also stand for as a business entity. Letting Go of Fear Let go of fear, which restricts your ability to relate to others.
Letting go frees you of behavioral constraints that can
immobilize your emotional and professional development. Fear of
rejection, fear of failure, fear of success, fear of being hurt,
fear of the unknown-all these are roadblocks to developing and
growing a trusting relationship with clients. Let go of your fear
of losing an account or not having the right answers. Leave all
your fears at the client or prospect's doorstep. Other critical steps in cultivating trust are knowing who you are
and knowing your potential value to your clients. The
relationship that forms because of this can have a tremendous
impact on your sales. People don't just buy from anyone. They buy
from people they can trust. The rapport and credibility you can
establish with the trust factor go a long way toward building a
client's confidence in your ability to meet his business needs. Trust has both an active and a passive component in a business
relationship. The active feeling of trust is confidence in the
leadership, veracity, and reliability of the other party, based
on a track record of performance. The passive feeling of trust is the absence of worry or
suspicion. This absence is sometimes unrecognized and frequently
taken for granted in our most productive relationships. Building Trust With Care So how do you build trust with clients? First, you need to care
about them. Obviously your clients care about your knowledge,
expertise, and accomplishments. However, they care even more
about the level of concern you have for them. Successful trust
building hinges on four actions: engaging, listening, framing,
and committing. The trust factor can be realized once we
understand these components of trust and incorporate them in our
daily lives. Engaging clients and prospects occurs when you show genuine
concern and interest in their business and its problems. Maintain
good eye contact and body posture. Good eye contact signifies
openness and honesty. And your body language and other forms of
nonverbal communication speak volumes about your attitude toward
them. By the same token, you want to be cognizant of your
client's or prospect's eye contact and body language. Listening with understanding and empathy is possible if you think
client focus first. Let the client tell his story. Put yourself
in his shoes when you listen to his business concerns, purpose, vision, and desires. Show approval or understanding by nodding
your head and smiling during the conversation. Separate the
process of taking in information from the process of judging it.
Just suspend your judgment and focus on the client. Framing what the client or prospect has said is the third action
in trust building. Make sure you have formed an accurate
understanding of his problems and concerns. Confirm what you
think you heard by asking open-ended questions such as "What do
you mean by that?" or "Help me to understood the major production
problems you are experiencing." After you have clarified the
problems, start to frame them in order of importance. By
identifying the areas in which you can help the client, you offer
him clarity in his own mind and continue to build his trust. Committing is the final action for developing the trust factor.
Communicate enthusiastically your plan of action for solving the
client's problems. Help the client see what it will take to
achieve the end result. Presumably, what you have said up to this
point has been important, but what you do now-how you commit-is
even more important. Remember the old adage "Action speaks louder
than words." Show you want this client's business long term.
Complete assignments and projects on budget and on time. Then
follow up with clients periodically to see how your partnership
is faring. In the final analysis, trust stems from keeping our word. If we
say we will be there for our clients, then we should honor that
commitment by being there. Trust results from putting the
client's best interest before our own, from being dependable,
from being open and forthcoming with relevant information. It is
impossible to overestimate the power of the trust factor in our
professional lives. Truly, trust is the basis of all enduring,
long-term business relationships. Robert Moment is a best-selling author, business coach,
strategist and the founder of The Moment Group, a consulting firm dedicated to helping small businesses win federal contracts. He just released his new book, It Only Takes a Moment to Score,
and recently unveiled Sell Integrity, a small business tool that
helps you successfully sell your business idea. Learn more at:
http://www.sellintegrity.com or email: Robert@sellintegrity.com.
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