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.