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,
most powerful value-added you can contribute in any business relationship is
trust factor.The trust level in Corporate America is at an all-time low, and suspicion of all things corporate is on
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
honesty of another and
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
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
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
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
right answers. Leave all your fears at
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
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
leadership, veracity, and reliability of
other party, based on a track record of performance.
The passive feeling of trust is
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
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.