The 80/20 rule for Virtual Relationships (Part IV): Double-Down and Ramp Up the Rational Trust Builders

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The initial post of this blog series introduced what we called the (new) 80/20 rule for virtual relationships, warning that focusing too much on the “virtual” part of “virtual relationships” could lead to missed opportunities and damaging long-term consequences.

In that post, we pointed out that relationship-building and selling aren’t really different these days, in spite of what people are trying to tell you, and in spite of what your own fears are whispering—or maybe shouting—in your ear.

Using the trust equation as a framework, the second and third posts addressed the more emotional trust factors, self-orientation and intimacy.

In this final post, we invite you to consider how you might double down on your relationship EQ and ramp up your virtual IQ on the rational side of building trust – Reliability and Credibility – to strengthen your bonds with clients and colleagues when you can’t be together in person.

Reliability

It does not diminish the importance of reliability to say that it is the aspect of trust at which most professionals excel. This is the factor most likely to be done well by you (and your competitors). It is also the on factor of trust that requires time.

Judgments on reliability are strongly affected, if not determined, by the number of times the client has interacted with you. We tend to trust the people we know well, and assign less trustworthiness to those with whom we have not interacted. After Intimacy, Reliability is the second most powerful trust builder.

Double down on time-tested relationship principles (80%)

  • Make small promises. You don’t have to wait for a big “thing” to be delivered to flex your strong reliability muscles. Amp up the number of small promises you make. Give others more data points to assess your consistency/predictability by creating bite-sized “deliverables,” then consistently follow through.
  • When you miss a deadline or an expectation (and you will), say something about it ASAP. Clean up any residual messes and re-promise. Do this even for things that may seem small or inconsequential.

Ramp up your virtual best practices (20%)

  • Communicate more, and more often. Absent a crisis, reliability is table stakes, and generally over-emphasized by professionals at the expense of other variables. During a crisis, its relative importance increases because of our basic human need for predictability. Consider how you might regularly communicate what you know about a situation, even if it’s little or nothing—the “regularly” is actually more important than the content of your message.

Credibility

Credibility isn’t just providing expert content. It’s expert content in conjunction with “presence,” which refers to how we look, act, and present our content.

Credibility is also about honesty and candor—saying what needs to be said, in spite of how awkward or uncomfortable it may feel.

Double down on time-tested relationship principles (80%)

  • Be bold with your point of view. Initiate conversations, post opinions, publish articles. The “advisor” part of “trusted advisor” is just as important as the “trusted” part. Have the courage to put a stake in the ground. If not now, when?
  • Express passion for your work. Show more than just professionalism; show your genuine enthusiasm for what you do, and for what your clients do. Passion is something that everyone can benefit from expressing more, but it can be especially uplifting and impactful during a challenging time.
  • Be real about your limitations and errors. For example, be willing to say, “I don’t know,” straightforwardly and with a blend of confidence and humility. You’ll build credibility through honesty. And therein lies the plot twist/paradox: when you’re OK to admit what might be perceived as weakness, people see your strength.

Ramp up your virtual best practices (20%)

  • Dial down the amount of content. The tendency to over-pack conversations and presentations is more damaging now that we’re all perpetually tired from having to engage in “constant gaze.” Think and apply “less is more” when it comes to content and give people more time to digest it and react to it.

Many professionals believe that being credible and reliable is enough to form strong trust relationships. While these two factors often provide the foundation for trust, they are only part of what forms the everlasting client bonds and deep, unshakable loyalty that come with true trusted advisorship.

Winning trust requires that you do well on all four trust dimensions (in the client’s eyes).

The 80/20 rule for Virtual Relationships (Part III): Double-Down and Ramp Up Intimacy

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In the first post of this four-part blog series, we introduced what we called the (new) 80/20 rule for virtual relationships. For anyone seeking a “silver bullet” to build virtual relationships, focusing too much on the “virtual” part of “virtual relationships” becomes an easy distraction from what really matters.

Now is the time for 80% focus on our relationship EQ and 20% focus on improving our virtual IQ—not the other way around.

We introduced the trust equation in Part II of the series as a framework to do just that, sharing our favorite low self-orientation relationship builders (the 80%) and behaviors to incorporate specifically for virtual interactions (the 20%). Today look at the most powerful trust-building factor: intimacy.

Intimacy

The most common failure in building trust is the lack of intimacy. Some professionals consider it a positive virtue to maintain an emotional distance from their clients. We believe that they do so not only at their own risk, but also to that of their clients.

Double down on time-tested relationship principles (80%)

  • Listen with earnest empathy. And then do it some more. And some more. Borrowing Charlie Green’s wise words: “Wow” is a complete sentence.” So is “Ouch,” and “Good on you!” Statements of empathy are ways of mirroring emotions, and empathy is key for connectedness and influence.
  • Create “small talk” moments. Neuroscientists teach us that something as simple as the exchange of pleasantries (like talk about the weather) produces feel-good chemicals in our brains that promote bonding. Go one step further and ask about the photo you see on the bookshelf behind them. Small talk can facilitate a big personal connection.
  • Dare to talk about feelings (yours and theirs). We all have them, and they’re a legitimate part of professional life. Steer towards first-person language when you focus on their feelings, as in, “I’m sensing hesitation” (compared to, “You’re hesitating”) or “If it were me, I think I’d probably feel …” (instead of, “You probably feel …”). Speak candidly about your own feelings, as in, “Well, I’m a little concerned about …,” or “At the risk of being the outlier, I’m not on board yet with this idea.”
  • Let others get to know you. For real. Now is not the time to err on the side of “buttoned up”; now is the time to connect meaningfully across our humanity. Fortunately, our collective context makes it both relevant and easier to reference our outside lives. Take emotional risks. Beware the temptation to make excuses or hide the truth—if you have to cut a call short to help your child with homework, be honest about it. Charlie also reminds us, “Don’t legislate cats out of the picture.”
  • Ask for feedback. Be proactive about seeking critique. Ask well crafted, open-ended questions that help with the inertia that most clients have to overcome to say something unfavorable. Be equally willing to take in their positive remarks. And don’t just ask about content and task; inquire about the quality of your relationship, too.

Ramp up your virtual best practices (20%)

  • Seek greater (emotional) bandwidth. Try a higher medium of communication than you did six months ago. Debating over text versus email? Go with the one that’s a little riskier because it’s more intimate. Also remember the forgotten application embedded in our smart phones: the phone itself.
  • Attend to nonverbals more than before. We’re all at a massive communication disadvantage, far more consistently than we once were. Practice making regular “eye contact,” for example, which means letting them look you in the (camera) eye. Tune into—and make deliberate use of—the sight and sound senses that are still available: voice modulation, gestures, movement.

The behaviors that build intimacy—discretion, empathy and personal risk-taking— create emotional safety for the other person. Intimacy was already the most important factor in the Trust Equation, and in times of stress, it’s vastly more valuable.

In our final post of this series, we’ll explore increasing credibility and reliability in virtual relationships.

The 80/20 rule for Virtual Relationships (Part II): Using the Trust Equation to Double-Down and Ramp Up

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We recently introduced what we call the (new) 80/20 rule for virtual relationships. In the first of this four-part blog series, we acknowledged that it’s anything but business as usual these days, but cautioned that focusing too much on the “virtual” part of “virtual relationships” could lead to missed opportunities and damaging long-term consequences.

We concluded that now is the time for 80% focus on our relationship EQ and 20% focus on improving our virtual IQ—not the other way around.

That’s because how we interact may have changed, but what builds trusted relationships has not. True trusted advisorship demands that we find ways to make choices from our higher selves, not from our baser instincts, and not from our bag of virtual tricks.

The temptation to spend a lot of time and money on the technological equivalent of shiny objects becomes an easy distraction from what really matters, when our current reality is a call to lead with time-tested relationship principles and shore them up with virtual best practices.

Enter our old friend, the trust equation, as a framework to help us all do exactly that.

Many professionals believe that being credible and reliable is enough to form strong trust relationships. While these two factors often provide the initial foundation for trust, they are necessary but insufficient to form the everlasting client bonds and deep, unshakable loyalty that come with true trusted advisorship. Trust has multiple dimensions: credibility, reliability, intimacy and lack of self-orientation. Winning trust requires that you do well on all four dimensions (in the client’s eyes).

Consider how you might double down on your relationship EQ and ramp up your virtual IQ to form everlasting client bonds and deep, unshakable loyalty.

Self-Orientation

We begin with self-orientation because there is no greater source of distrust than advisors who appear to be more interested in themselves than in trying to be of service and trying to help the client.

Unfortunately, your self-orientation is likely to be high right now, whether you realize it or not. On the other hand – so is everyone else’s.

We recognize – and will remember – those who are able to genuinely reach out beyond their own psyches and connect with others in such times.

Double down on time-tested relationship principles (80%)

  • Lead with your genuine caring as an individual. Reach out just to say hello and find out how they are. We’ve always advocated for this relationship-building practice, only now it’s more important than ever.
  • Lead with your genuine caring as an organization. Now is the time for rallying cries that are truly client-centric. Don’t let fear set your goals and choose your messaging.
  • Make generous offers. Propose something concrete that you can give away that would be helpful—resources, ideas, small bites of work that you can do remotely and not charge for. These are gestures, not discounts, and there are lots of ways to do this without compromising your fee/rate integrity.
  • Leave clients feeling good about themselves when they’re around you. It’s a favorite piece of David Maister wisdom: “You don’t make people want to spend time with you because they feel good about you. You do it by making them feel good about themselves when they are with you.” Think about how you might acknowledge or promote your clients—genuinely, of course.
  • Be rigorous about the rituals and practices that help you get and stay grounded. Zoom fatigue is real and everyone’s surge capacity is in short supply. Be intentional about managing your fear along with your overall well-being, and be a good role model for others in the process.

Ramp up your virtual best practices (20%)

  • Plan for interaction/engagement every five minutes or so during virtual meetings. No, that’s not a typo. It’s far too easy for clients to get distracted when we’re together online, plus it’s harder to sense what isn’t being said, so we all have to work harder to be collaborative when virtual is our primary/only option. Have both tech-savvy and traditional tools at the ready and use them appropriately: annotate, chat, breakout, pause and reflect, and many more.

Finally, grant yourself the grace to realize that things are different . Recognize and acknowledge what you are experiencing, and manage your Self-orientation moving forward.

In Part III of this series, we’ll share what to double down on and what to ramp up to increase Intimacy in virtual relationships.

Building Trust in a Low-Trust World

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Being trustworthy means you make it easier for another person to trust you. You do what you say, are authentic in your words and actions, and are an overall “solid” human that people hold in high regard. But with trust, being trustworthy is only one side of the coin. To create trust, you must be trustworthy, and you also must take the risk of trusting. The latter is where most people struggle.

In our current state of the world, trust is insanely low. Only 17% of Americans today say they can trust the government in Washington to do what is right “just about always” (Pew Research Center) and a Harvard Business Review survey revealed 58% of people say they trust strangers more than their own boss (Forbes). People are looking side to side to determine who they can trust and are coming up short. We’re in a trust standoff, and if no one steps forward first, there will be no movement.

How do you build the most satisfying personal and professional relationships possible, when no one is willing to take the risky leap to trust? The answer is that you need to take the first leap, and trust that the other person will reciprocate and trust you in return. You can make that reciprocation easier by leading with intimacy, which is the strongest factor in The Trust Equation.

Intimacy is about creating a sense of safety in the relationship, for you and for your client or colleague. It’s part discretion, part empathy, and part risk-taking. True intimacy demands that you be vulnerable and open to taking risk, just as you are asking your client to take the leap to trust you. Here are five practical ways to kick intimacy into high gear:

  • Listen really well, to both facts and emotions. Be fully present to what your client is saying and experiencing. This may mean putting aside distractions (no multi-tasking) or silencing the voice in your head that is running off to solve the problem you think you already identified. Then acknowledge what you hear, both the facts and the feelings. Giving someone the gift of listening is the fastest way to create intimacy.
  • Share something personal. You don’t have to share private details of your life, or even what you did over the weekend. Some of the most intimacy-building moments come from sharing how you personally are impacted by a situation, a decision, or an experience.
  • Tell your client something you appreciate about them. Are you impressed by their point of view? Appreciate how they navigated a tricky political situation? Grateful for the support they’ve given you? Don’t just think it, say it.
  • Comment on feelings – yours or theirs. Empathy creates emotional connection. When your client knows you really understand them, not just the situation, but how it impacts them, they will be more open to hearing your perspective. And because trust is a two-way street, be willing to share with them when you’re frustrated, excited, or upset. They’ll appreciate knowing that you’re human, too.
  • Say what needs to be said. Acknowledging uncomfortable situations and being direct with less-than-happy news lets your client know they can count on you for the good and the bad, so they aren’t left wondering if there’s something you’re holding back. Bonus – candor builds credibility at the same time.

It’s easy to say you must take the first step in creating trust, yet harder to do because it feels so risky. Here are five more practical tips to help you overcome your fear to take this important personal risk:

  • Realistically assess the risk. Ask yourself, “What’s the worst thing that can happen? What is the probability of that happening?” Then act accordingly.
  • Name it and claim it. What is making it feel risky to you? Getting these fears into the light of day can rob them of their hold on you.
  • Practice empathy. As discussed above, empathy creates connectedness. It also can help you see the situation from both sides, which creates a more objective perspective on the risk you feel.
  • Identify your assumptions. Discern the facts that you know from the assumptions you make. Having trouble discerning fact from assumption? You can always ask your client to help you see it more clearly.
  • Believe in reciprocity. You have the choice to take the first step. Believe that the other person will follow.

Trust is personal, and it occurs between two people. You can’t force someone to trust you. What you CAN do is pave a smooth path that feels less risky for both you and your client.

The 80/20 rule for Virtual Relationships (Part I): Beware the Seductive View That “It’s Different Now”

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This post was co-authored by Andrea P. Howe and Noelle Mykolenko.

Virtual, virtual, virtual. It’s all the rage now. Virtual meetings. Virtual teams. Virtual selling. There is no shortage of Google results boasting “11 Tips,” “5 Ways,” and “The One Thing You Need to Know.” Sales and relationship training providers are quick to tell you that you must, must, must adapt quickly to your new virtual reality or watch your revenues plummet. Providers of professional services seem especially quick to take the bait.

The problem is, that’s only 20% true.

Here’s our take:

Relationship-building and selling aren’t really different these days, in spite of what people who sell these things are trying to tell you, and in spite of what your own fears are whispering—or maybe shouting—in your ear. It’s anything but “business as usual” these days, that’s for sure. But beware the temptation to spend a lot of time and money on shiny “new” stuff that becomes an easy distraction from what really matters.

As Noelle so aptly said in a recent interview, “Human nature hasn’t changed.” Now is the time for 80% focus on our relationship EQ and 20% focus on improving our virtual IQ. Not the other way around.

Tips and tricks have never saved you before and they won’t save you now. Perfecting your office lighting is seductive, in the same way it’s always been tempting to tinker with a deck that contains far too much content to begin with. It’s easy to default to technical answers for non-technical problems. It’s more challenging—and considerably less soothing—to work on improving our own relationship liabilities and deficits.

True, the medium has changed for many of us; it’s at least become more dominantly virtual. And there are some really helpful and important things we all can and should practice to be more effective as a result. But we can and should do that while we focus most of our time and attention on trust-building mastery.

Our collective virtual work conditions (and selling/relationship circumstances) are a byproduct of our global situation; losing sight of that creates big relationship risks. Front and center for us all are the massive global and local challenges we’re facing—even if we momentarily forget or aren’t always present to the ways we are walking around unsettled and uncertain. Sure, we’re getting used to our “new normal.” Sort of. But let’s get real: we’re still only just beginning to grapple with it all—just ask a parent who’s navigating the new school year right now. And on top of everything, some businesses are in serious trouble.

If you’re wondering why your long-standing client is not replying to the email you sent asking for 30 minutes to brief them on your new offering, take a step back and consider that they just might be dealing with some serious sh** of their own right now–consciously or otherwise. The good intentions and solid logic that suggest they need what you’re selling more than ever don’t change that. Adding a standard, “Hope you and your loved ones are doing OK under the circumstances” at the beginning of your emails isn’t nearly enough. Conducting more engaging Zoom meetings isn’t enough, either.

Anyone whose success depends of the quality of their relationships should be laser focused on being of greater service to clients, starting with relating to them as businesspeople, yes, but also simply as people. There is an unprecedented opportunity to do right and do good (#silverlining) by taking our relationships deeper and broader.

If a trusted advisor is a safe haven for tough issues, consider how many more tough issues there are to be safe havens for right now. Our current environment is a weirdly helpful backdrop for doing that, and faster than ever before. We’ve all been physically and emotionally disconnected for months; people are craving connection. Plus, things that weren’t previously possible or the norm before are becoming commonplace. One example: Thanks to the shared impact of COVID on our loved ones, it suddenly seems more relevant to talk about our families and home situations even in our “business” conversations. Another example: That new possible client who, before COVID, would never turn her camera on in Zoom? Now it’s her default.

And therein lies the extraordinary opportunity to make more meaningful and lasting connections, provided that we lead with our caring, not with our spit-polished “virtual selling” techniques.

The biggest trust de-railer for us all right now is the same as it has always been, only amplified x 10: it’s fear.  There’s the fear of not making our numbers, of losing our jobs, of losing a family member, and more. Uncertainty is the word of the day, and our human brains are fighting ambiguity at every turn. Fear triggers our basest instincts: we default to protecting ourselves, obsessing about stuff, and avoiding relationship risks (or any risks, for that matter). This in turn affects our ability to really tune in to and be of service to others. Plus, we add to the cacophony when we don’t manage our own “stuff.”

Your results will be seriously compromised—in some cases, indelibly—unless and until you (1) recognize your fear and (2) deal with it effectively,

The only thing worse than a hammer looking for a nail is a fear-based hammer looking for a nail.

Your pre-pandemic relationship liabilities haven’t mysteriously disappeared. To quote Warren Buffett, “Only when the tide goes out do you discover who’s been swimming naked.” When things are going well, it’s easy to ignore mediocre relationship skills because you’re successfully getting the next sale or getting the job done.

Now is the time to do some serious personal work so that you can get seriously focused on how to make a difference for your clients and other people who matter to you.

The bottom line …

True trusted advisorship demands that we find ways to make choices from our higher selves, not from our baser instincts, and not from our bag of virtual tricks. Our current reality is a call to lead with time-tested relationship principles (80%) and shore them up with virtual best practices (20%) to form everlasting client bonds and deep, unshakable loyalty.

In Part II, we’ll show you how to use the trust equation as a framework to do exactly that.

Selling Trust into the Sales Process (Episode 40) Trust Matters,The Podcast

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Welcome to the newest episode of Trust Matters, The Podcast. Listeners submit their personal questions about professional relationships, trust, and business situations to our in-house expert Charles H. Green, CEO, Trusted Advisor Associates, and co-author of The Trusted Advisor.

Jennifer from a Telecommunications company writes in and asks, “I know you’ve written about Trust-based Selling. My question is not to ask you to explain Trust-based Selling, but instead how to SELL the Trust-based Selling approach into my sales training team?  What’s the hook? The business case? How can I get them to consider it seriously?”

Do you want to send your questions to Charlie & Trust Matters, The Podcast?

We’ll answer almost ANY question about confusing, complicated or awkward business situations with clients, management, and colleagues. Email us: [email protected]

Building Trust In A Crisis

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Pandemic. Covid-19. Unprecedented. New normal…

… You can write the rest of this paragraph yourself – things have changed. Is there anything left to be written about it all?

Yes there is. It’s about trust. In particular – how do you manage interpersonal trust in professional relationships?  How have trust dynamics changed in working with and selling to clients? What about trust in management and leadership?

For over 20 years, Trusted Advisor Associates has helped professionals deepen trust with clients and colleagues. We built this page to share our most-relevant thinking on navigating trust in professional relationships during the current crisis.

Click on Areas of focus:



Emotional Components of Trust

In normal times, the emotional aspects of trustworthiness (Intimacy and Self orientation) are slightly more powerful than the non-emotional traits (Credibility & Reliability) See The Trust Equation to learn more.

Now, the importance of those emotional components is multiples more – since the overwhelming response to a crisis like this is an emotional one. Broadly speaking, we need to manage our Self-orientation and increase our Intimacy.

Self orientation

Your self-orientation is likely to be high right now, whether you realize it or not. On the other hand – so is everyone else’s.

We recognize – and will remember – those who are able to genuinely reach out beyond their own psyches and connect with others in such times.

Grant yourself the grace to realize that things are different . Recognize and acknowledge what you are experiencing, and manage your Self-orientation moving forward.

Resources

Intimacy & Empathy

Everyone deals with stress in their own way. You are unique – and so is everyone else.

Remember the acronym, N.A.P.A.L.M.: Not All People Are Like Me. Others’ experiences are likely to be different from yours, even if their circumstances appear to be similar.

In times of stress, empathy is rare: at the same time, it’s vastly more valuable.  The ability to truly understand (while not necessarily agreeing with) the other person’s situation creates emotional safety, or Intimacy, for the other person. And Intimacy was already the most important factor in the Trust Equation.

Resources



Virtual Communication & Leadership

The hallmark of the COVID-19 crisis is that it requires physical distancing. It raises to the forefront the question: How do you create trust at a distance? Those who figure that out now will be appreciated, effective, and successful going forward.

Resources

Above All Else…

Trust is personal. Organizations don’t build trust, people do.

Let us know what you’re experiencing, and how we can help the people in your organization build trust in these times of change. Please reach out. We look forward to the conversation.

Applying Metrics to Immeasurable Services (Episode 39) Trust Matters,The Podcast

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Welcome to the newest episode of Trust Matters, The Podcast. Listeners submit their personal questions about professional relationships, trust, and business situations to our in-house expert Charles H. Green, CEO, Trusted Advisor Associates and co-author of The Trusted Advisor.

A solo consultant writes in with this dilemma: “My core services are on the ‘softer’ side  – I help clients develop better internal interactions by focusing on the corporate environment and culture. The problem that arises in my area of work is, how do you demonstrate concrete, quantitative results?  I’m being asked questions by clients such as, “How do you know it’s working?” and “Can you project how this program will drive revenue?” I’m realizing I don’t have great answers. Any thoughts?”

Do you want to send your questions to Charlie & Trust Matters, The Podcast?

We’ll answer almost ANY question about confusing, complicated or awkward business situations with clients, management, and colleagues. Email us: [email protected]

Trust in the Time of the COVID-19 Pandemic (Episode 38)Trust Matters,The Podcast

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Welcome to the newest episode of Trust Matters, The Podcast. Listeners submit their personal questions about professional relationships, trust, and business situations to our in-house expert Charles H. Green, CEO, Trusted Advisor Associates and co-author of The Trusted Advisor.

A leader in a consulting firm writes in desperately trying to figure out how to manage business development and clients during the COVID-19 pandemic. She asks “Do you have any ideas about how to build trust with potential clients in a time of crisis like this?”

Do you want to send your questions to Charlie & Trust Matters, The Podcast?

We’ll answer almost ANY question about confusing, complicated or awkward business situations with clients, management, and colleagues. Email us: [email protected]

Building Client Trust During a Crisis

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As the Novel Coronavirus pandemic disrupts business across the globe, companies are scrambling to  assess and mitigate the near-term impact to their business. One of our clients recently shared an email he sent to his team of client relationship partners, reminding them to take a trust-building approach: reach out with information, but foremost with humanity.

Dear [name],

Last week we sent some information to share with your clients regarding COVID19. In addition to the technical support information that we should be sharing, I want to reinforce the importance of communicating directly with our clients on a personal level as well. While it is natural, and even responsible, for us to see how we can support their business, now can be the defining moment to make personal connections and establish long-lasting trust.

While there will be immediate opportunities to help clients with risk assessments, supply chain optimisation, cost reduction and resource augmentation, etc., the objective of contacting them TODAY should be to see how COVID19 is affecting their job, but more importantly to simply see how they are doing personally. Some questions to consider:  

  • How is COVID19 impacting their day-to-day life?  
  • How is this impacting how they are making near-term business decisions?
  • How is this impacting their direct reports and completing short term projects?
  • What other pressures is this putting on them, both professionally and personally?
  • How is this impacting them and their family?

During our conference last June, Charlie Green talked to us about what we can do to become our client’s Trusted Advisors. If you recall the “Trust Equation”, two key elements to establish trustworthiness include increasing “intimacy” while lowering our own “self-orientation”. Taking the time to personally call your clients – and not profiteering during crisis – is a good step towards gaining their trust and will pay dividends in the future.

Now is the time to speak with your clients and talk to them as a person and not as a target/fee source.

 Kind regards,

 Scott

While Scott specifically highlights intimacy and self-orientation, two factors of trustworthiness found in the trust equation, this email is also an excellent illustration of the four trust principles in practice.

We couldn’t have said it better ourselves.