If referrals have always been the primary way you bring in consulting clients, you may be wondering why they suddenly seem harder to come by.
The problem may not be your relationships. The buying process itself has changed. Buyers are increasingly researching problems, evaluating expertise, and forming shortlists before they ever speak with you or the person who might refer you.
In this episode, Michelle explains why referrals alone are becoming less dependable and how an Opportunity Engine helps you become visible earlier in the buying process, while buyers are still deciding who belongs on their shortlist.
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My referrals dried up this year.
Speaker:What happened? This is what I'm hearing.
Speaker:So I wanna make something very clear to you.
Speaker:Your referrals didn't dry up, the window they depended on closed.
Speaker:Buyers now put together a short list before they speak to a single human being.
Speaker:So the moment where someone would have thought of you and made
Speaker:an introduction is now happening without either of you in the room.
Speaker:Let me explain and dig into why it feels like this happened all at once.
Speaker:Because from where you're sitting,
Speaker:it did. But nothing changed on your end.
Speaker:Same quality of work, same clients,
Speaker:same relationships, same people who've been sending you business for years.
Speaker:Then a quarter goes by with two conversations in it and another one.
Speaker:And so the obvious read is that something went wrong recently.
Speaker:A client left, a referral partner got busy,
Speaker:the market softened. Here's my take on that read and why it's so hard to shake.
Speaker:Referrals worked for decades,
Speaker:and they worked because of something you actually did.
Speaker:You did good work, you stayed in touch,
Speaker:you showed up in the rooms, and the
Speaker:Phone rang, phone in quotes, because now it's email,
Speaker:text, DM, whatever. That's not a lucky accident.
Speaker:It's the single most reliable growth engine professional services have ever had.
Speaker:And most firms above a million dollars were built on it.
Speaker:Which is exactly why it's the hardest thing in this business to let go of.
Speaker:But notice what caused it. The proverbial phone rang.
Speaker:The email arrived, the message pinged because you were in enough rooms,
Speaker:conferences, boards, associations,
Speaker:lunches, the client who moved to a new company and took you with them,
Speaker:being present in the places where problems got discussed.
Speaker:Here's the thing the rooms are still there,
Speaker:the conversation has moved. And the belief that's deciding what you
Speaker:do next is this one. Relationships are how consulting really grows.
Speaker:So if growth stopped, I must have let the relationships slide.
Speaker:That conclusion sends you straight back into the network.
Speaker:So more coffees, a reconnection campaign.
Speaker:Three events this quarter instead of one.
Speaker:Everyone you haven't spoken to in 18 months gets a note that opens with,
Speaker:it's been too long. I've watched a lot of owners spend
Speaker:a very expensive year doing exactly that.
Speaker:It generates activity,
Speaker:it generates some pleasant conversations,
Speaker:but it doesn't guarantee to generate revenue.
Speaker:Think about
Speaker:pushing a rope, the futility of chasing uninterested prospects who have
Speaker:no urgency at all. you can put enormous force into a rope and
Speaker:get zero forward motion. Because the movement only ever came from
Speaker:the other end pulling. A referral is the pull.
Speaker:Working the network harder is you pushing the rope and calling it strategy.
Speaker:Referrals are an outcome of trust,
Speaker:not a system for producing it.
Speaker:They were never the engine, they were the exhaust.
Speaker:So what actually changed? Your buyer changed where they go first,
Speaker:and it isn't to a person anymore.
Speaker:Roughly 60% of business-to-business buyers now use ChatGPT or Gemini
Speaker:to build out vendor lists. That's Google in 2025.
Speaker:72% encounter Google AI overviews during research.
Speaker:Forester surveyed about 18,000 buyers last year.
Speaker:They found generative AI is now the most cited,
Speaker:meaningful research source ahead of vendor websites,
Speaker:ahead of sales reps. And buyers spend roughly 83% of their research time
Speaker:away from sales reps entirely.
Speaker:83%. Now,
Speaker:here's the second thing happening underneath it all.
Speaker:AI answers surface roughly four to seven names where a page of Google results used
Speaker:to show 10 links. The average short list has narrowed to about 2.5 vendors.
Speaker:It used to be 3.2. And industry expertise
Speaker:at 52% now outranks price at
Speaker:49% as the top factor in choosing a vendor.
Speaker:I'm gonna say that again. Industry expertise
Speaker:now outranks price as the top factor in choosing a vendor.
Speaker:So the list got shorter, the list got built earlier,
Speaker:and the thing that gets you onto it is demonstrated expertise rather than
Speaker:a relationship or a number. And here's what that does to a referral.
Speaker:The old sequence was this.
Speaker:Someone has a problem, they ask around,
Speaker:your name comes up, so they call you.
Speaker:The conversation was the beginning of their process.
Speaker:The new sequence is different.
Speaker:Someone has a problem, they ask an AI,
Speaker:they read for a while, binge.
Speaker:I want you to remember that word.
Speaker:They form a view about who's credible.
Speaker:And then they ask around and they look for you online,
Speaker:again, binge, keyword here,
Speaker:mostly to confirm what they've already decided.
Speaker:By the time your name comes up,
Speaker:the short list exists. And if the problem you solve couldn't be repeated quickly
Speaker:and concisely enough, then you probably aren't making the cut.
Speaker:That's why it feels sudden.
Speaker:A window that used to open at the start of the process now opens near the end of it.
Speaker:There's a name for the real mechanism under referral growth.
Speaker:It's fortunate timing. Reliance on luck,
Speaker:or someone happening to remember you at the right moment.
Speaker:It worked when the timing window was wide.
Speaker:It stopped working when the window narrowed.
Speaker:And none of that
Speaker:Is a judgment on your relationships or your ability to build solid relationships.
Speaker:There's a line I've heard from a lot of very good consultants,
Speaker:usually said with some pride, and that's the best clients are the ones that find
Speaker:you.
Speaker:I agree with it completely. That's the whole argument.
Speaker:The question is whether being found is something that happens to
Speaker:you or something you actually build.
Speaker:So what replaces it? It's not so much a channel as
Speaker:it is a sequence. A push model chases opportunities,
Speaker:a pull model attracts them.
Speaker:Pushing involves pushing a rope,
Speaker:the futility of chasing uninterested prospects who have zero urgency.
Speaker:Pulling, on the other hand, uses a structured system to bring the right buyers
Speaker:to you already pre-sold on your thinking and point of view.
Speaker:Already pre-sold on your thinking and point of view,
Speaker:that's something that you design.
Speaker:A good referral handed you a person who already trusted you before you met.
Speaker:That's the thing to rebuild.
Speaker:The pre-existing trust. The introduction was just the delivery mechanism,
Speaker:and it's the delivery mechanism that is changing.
Speaker:Which brings me to the opportunity engine.
Speaker:An opportunity engine is a deliberate,
Speaker:repeatable system that aligns your business development with
Speaker:how clients naturally make buying decisions.
Speaker:And the reason this is so important for your specific problem is the word naturally.
Speaker:The engine isn't an alternative to how buyers behave.
Speaker:It's built around how they already behave now.
Speaker:There are five steps. First is they discover your expertise.
Speaker:Second, they understand the specific problem that you solve.
Speaker:Third, they experience how you think before they ever hire you.
Speaker:Fourth, trust builds before the first meeting happens.
Speaker:And fifth, they enter a diagnostic conversation because they're ready.
Speaker:Now look at stages one through four against that research.
Speaker:That is the shortlist forming window described step by step.
Speaker:Those four stages are exactly where you are currently invisible.
Speaker:And stage five is where you
Speaker:You've been waiting. A referral dependent firm isn't bad at business development.
Speaker:It's absent for the only part of the process that now decides anything.
Speaker:One more thing, and then you can get on with your day.
Speaker:This isn't me saying
Speaker:Stop doing referrals. That would be terrible advice.
Speaker:Referrals don't disappear from a working firm.
Speaker:They get demoted from the system to two rungs of it.
Speaker:In the latter framework,
Speaker:ask for referrals is rung three.
Speaker:Build referral sources is rung five out of seven.
Speaker:And rung seven is build awareness through focused campaigns.
Speaker:And that's the one.
Speaker:That puts you inside stages one through four.
Speaker:A firm running rungs three through five and nothing else has a growth strategy that
Speaker:requires other people to remember it at the right moment.
Speaker:That worked for twenty years.
Speaker:It's the specific thing that stopped too.
Speaker:So the honest answer to what changed is this:
Speaker:nothing about you and one thing about the process.
Speaker:It now starts without you. Your referrals didn't dry up.
Speaker:They stopped being enough on their own.
Speaker:And the year you noticed it is just the year the gap got wide enough to see.
Speaker:If you'd like to begin building your opportunity engine,
Speaker:we can help you get started in the Opportunity Engine Intensive.
Speaker:I have limited space available.
Speaker:Click the link in the notes if you're interested.
Speaker:And by the way, inside OEI is where I'll let you in on this whole bingeable concept
Speaker:and how to implement it.