Ivan Misner Archives - Dr. Ivan Misner®
time spend networking

How Much Time Should You Spend Networking?

People who say that networking played a role in their success spent an average of 6 1/2 hours a week networking and had half of their clients from their networking time. However, people who did not invest as much time networking also did not report as much reward. So, how much time should you spend networking?

Therefore, spend about 8-10 hours per week networking and do the right things to build the relationships first when networking.

The secret to getting more business through networking is. . . spending more time doing it!   OK, well, it’s a little more complicated than that because you have to spend time doing the right things.  However, devoting the necessary time is the starting point.  So how much networking time (or NetTime) should you spend developing your personal network and what kind of results can you expect to see?

The survey results

Based on a survey that I helped to write and conduct of over 12,000 business professionals from every populated continent in the world, we finally have a definitive answer to those questions.  The study found that people who said “networking played a role” in their success spent an average of 6.3 hours a week participating in networking activities.  On the other hand, the majority of people who claimed that “networking did NOT play a role” in their success spent only 2 hours or less per week developing their network.  

Clearly, those people who spent very little time engaged in the process felt that networking was not an effective way to build their business.  As with many other aspects of life, you clearly reap what you sow.  It’s no wonder that the people who didn’t invest as much time also did not realize as much reward.  This demonstrates the direct correlation between the amount of time you devote to the networking process and the degree of success that you will likely realize from it.

You may be reading this article and thinking – OK, I now know that I need to be spending at least 6 ½ hours a week networking.  Well, that’s true IF you want to be average (and what successful business person wants to be average)!   If on the other hand, you’d like to be above average – you need to devote more time than that to the cause.  The optimum amount of NetTime is more likely to be 8-10 hours a week if you want to be one of those people that are generating well over half their business from referrals.

How much time do you spend networking each week?  More?  Less? and what percentage of business do you get from your networking efforts?  Comment below.

What’s in the Way Becomes the Way

What’s in the Way Becomes the Way

When I was a child, my teachers all had the same complaint: “Ivan talks too much.” What my teachers saw as a problem ended up being an advantage. My job is to talk to people, and I am paid well to “talk too much”. I was able to take what was in the way and turn it around. It now becomes the way.

My teachers felt that it was a problem for me in school. My mother, on the other hand, didn’t give me too much grief on the subject. While the teachers generally thought it was a roadblock to my learning, I think they may have been wrong on that. What my teachers saw as a problem ended up cutting an incredible passion: I love to talk.

The secret here is to take the thing that’s in the way and channel your efforts in a manner that makes that problem part of the solution.

Please watch this video:

In 1985, I had a massive thing in his way. I had lost a client and could hardly manage to pay the mortgage, so I started a referral group to help myself and my friends generate more referrals in a structured way. That group became BNI, bringing success not just to me, but to thousands of business owners around the world.

Successful people know how to focus on a roadblock and turn it into an overpass. I think the secret here for anyone is to take the thing that is in the way and channel your efforts in a way that makes the problem part of the solution. What are your achievements?

To learn more, listen to BNI Podcast #564

Episode 564: What’s in the Way Becomes the Way

What’s been in your way that you’ve turned into an advantage? If something is in your way now, how do you plan to channel it? Share your experiences in the comments.

The 29% Solution

The 29% Solution book is 10 years old

 

 

The book, The 29% Solution: 52 Weekly Networking Success Strategies, is ten years old.

This year, The 29% Solution is celebrating its 10 year anniversary. Looking back when Michelle and I shook hands in Long Beach, we began a memorable journey together as co-authors. Therefore, our journey included many, many hours of blending our writing styles, phone calls, and collaboration. Additionally, it included multiple versions of a title and cover design. Furthermore, our journey included changing the publisher mid-stream. Finally, it involved loads of radio interviews, speaking opportunities, and book signings. Most notably, our journey ended with a lasting friendship. Today’s blog is from my co-author, Michelle Donovan.
Happy Anniversary Michelle and a toast to “The 29% Solution”…CHEERS!
  

Celebrating 10 Years of Friendship and Collaboration in Seven Languages

By Michelle R. Donovan

Growing up in a small town outside of Pittsburgh, Pennsylvania, I never gave much thought to becoming a Wall Street Journal bestselling author. That is until I met Ivan Misner!

In 2006 I was performing the role of Education Coordinator for my BNI chapter, the Circle of Excellence, in BNI Western Pennsylvania. One week, while preparing for my spotlight, I came up with what I thought was a great idea for a book. I wanted to create a book for business owners that had one networking focal point each week for 52 weeks. I formulated an outline for the book and began to write a few chapters.

Since I had never written a book before, I thought it might be a good idea to share the concept with others to see if they too felt that the idea was a good one. There was one person in particular that I knew needed to see it and that was Deanna Tucci Schmitt, the owner of my BNI region at the time. Once she read the first two chapters, she said, “I think we need to show this to Ivan.”

As a BNI Director, I was scheduled to attend the next BNI Conference in Long Beach, CA with Deanna and some other colleagues. The plan was that Deanna would arrange a one-to-one with Ivan while at the conference to show him the concept. We had hoped that he would give us his blessing and maybe a few tips for a new author.

We met with Ivan around 9:30 pm in his suite. I remember it well because I was quite nervous. I didn’t know what to expect but I knew I would follow Deanna’s lead. Ivan, the icon of BNI, comes around the corner in a t-shirt and sweatpants. Instantly, I felt myself relax. The three of us discussed the concept while Ivan reviewed the outline and first few chapters. He passed it over to his wife, Beth. She gave her nod of approval. Ivan liked it!

What happened next changed my life. Ivan offered me two options 1) He could give me some tips and offer any help with some connections or 2) We could co-author the book and he would make me a bestselling author. Hmmmmm? Which would you choose? You guessed it. We shook hands on a co-authored book deal that would eventually make me and Ivan the Wall Street Journal bestselling authors of The 29% Solution.

Today, The 29% Solution is currently published in seven languages. When I see this book on my shelf in multiple languages, it warms my heart. I am reminded of how much I love to write, the generosity of my friend Ivan Misner and the true power of networking to make even my unimaginable dreams come true. I am grateful to Deanna for bringing Ivan and me together for a book that keeps on giving to its readers.

Happy Anniversary Ivan and a toast to The 29% Solution…CHEERS!

The 29% Solution: 52 Weekly Networking Success Strategies

 

solutions

Focus on solutions, not problems.

What was the last problem you faced?

  • An employee issue
  • A difficult client
  • Financial hurdles
  • Competition from another business
  • Time management concerns
All too often, when facing a problem, the first thing we tend to do is focus on the negative situation. We continue to repeat our patterns, doing the same things that do not work, until we dwell in a feeling of negativity. Many people let their minds wander toward the negative, which then prompts them to focus on more problems instead of searching for ways to resolve the situation and grow from it. You must begin to start focusing on ways to actually resolve the situation by focusing on solutions. Do not just react, take the time to fully analyze the problem then make a list of possible solutions.
  • Identify the problem(s)
  • Identify what you did before in a similar problem
    Brainstorm possible solutions.
  • Change what doesn’t work
  • Find and use resources
  • Decide which solution is best
  • Put that solution into play
  • Build on each successive step
  • Try to do more of what works
  • Use an alternative solution if not achieving the required results
Regardless of how bad your problem may be, the solution is there if you think long and hard enough. Not every solution will work for this problem. However, when we start to think of more ways to overcome our problems, we can grow from the situation at hand by being more prepared for the next problem we will face down the road. We can even avoid future problems because if we focus on problems, we will get more problems. If we focus on solutions, we will get more solutions. By being aware and reminding yourself of your list of solutions you just created, you can focus on solutions, not problems.
John Maxwell

John Maxwell Interviews Ivan Misner on “Building Relationships”

In this video, I share with John Maxwell how BNI started with my personal need to build my business with referrals. I also share who are my mentors and the philosophy of Givers Gain.  Finally, we discussed how you should make decisions based on the information you are provided WITHIN the context of your value system. Please click on the photo below to watch the video of my personal interview with John Maxell.

John Maxwell interview

John Maxwell Interviews Ivan Misner on “Building Relationships”

Ivan Misner on “Building Relationships”

from The John Maxwell Team on Vimeo.

Are you educating your network or just selling to them?

Educating your networking group’s members about the type of referrals you want (and even the names of the individuals with whom you want to meet and develop relationships) is much more important to the success of your networking in a closed contact network than selling to the members. This demands a shift in how you see your networking partners and educating them about your business. They are not the clients! They are, in effect, your sales force! In order for any sales force to get out there and sell you effectively, they have to know who to sell you to and how to sell you.

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time

How Much Time Should You Spend Networking?

People who say that networking played a role in their success spent an average of 6 1/2 hours a week networking and had half of their clients from their networking time. However, people who did not invest as much time networking also did not report as much reward.

Therefore, spend about 8-10 hours per week networking and do the right things to build the relationships first when networking.

John Maxwell interview

John Maxwell Interviews Ivan Misner

In this video, I share with John Maxwell how I manage the “rainbow” of my day to attempt to have a “green day”.  I  also share with him my “secret to success” and my “secret to balance”. Please click on the photo below to watch the video of my personal interview with John Maxell.

John Maxwell interview

John Maxwell Interviews Ivan Misner on the “Secret to Success”

 

Ivan Misner on the “Secret to Success” from The John Maxwell Team on Vimeo.

Four Strategies to Stay in Touch

People often ask me, “how can I stay in touch with people or get back in touch with people that I haven’t seen or spoken with recently?”

Start by making a commitment to improving this area.  There’s a great Chinese proverb that I really like – “When’s the best time to plant an Oak tree?  The answer is – 20 years ago.  When’s the second best time – now!”

So, here are 4 strategies that will help you improve in this area.  If you can’t do them all – do what works for you.

  1. Sort through your list of people. You can’t stay in touch with everyone.  Who do you want to make sure to stay connected with and why?  It could be personal, it could be professional, but create a list that you want to focus on.
  2. Use the system they use! It doesn’t have to be Facebook or LinkedIn – use Pinterest or other programs, Snapchat, What’s App – whatever they use.   Each of my children uses  different systems.  If I want to connect with them – I need to go where they are.  For my oldest daughter, it’s texting or a phone call.  For my second daughter, it’s What’s App or texting.  For my son, it’s an online game called Steam.  I have some business associates who only reach out to me on Facebook or LinkedIn.  Others are strictly email or a phone call.  The key here – is to go where the people you want to talk to, hangout.
  3. Use social media platforms like Facebook, LinkedIn, Google+ or Twitter to your advantage by sharing news and reading updates without having to reach out to people on an individual basis. Social media is fantastic. Instead of starting your next call with, “What’s new?” you can jump to, “You cut off your hair!” “You have a new job!”
  4. From time to time, use snail mail! Yes, OMG, send a handwritten letter or a card.  It’s so “old school” and it’s almost guaranteed that someone will read it.

Next week I will share more tips.

Culture Eats Strategy For Breakfast

VIDEO BLOG:

Culture is a blend of attitude, beliefs, mission, philosophy and momentum. As a result, culture helps to create and sustain a successful brand. The way people interact with one another and the overall growth of your company is affected by culture. What creates organizational culture? Culture is key in an organization for long-term success. It is the most important thing in an organization and it applies at all levels, from the top of the organization all the way down.  Rules, regulations, and operating standards are important, of course, because you have to have systems in place to guide activities. But culture is the factor that stands above all others.

The factors that go into building the organizational culture and will make your company successful are…

  1. TRADITIONS AND CORE VALUES
  2. VISION
  3. ENGAGEMENT

Please watch my video to learn more about these factors and share your comments below.

Relationships Are Currency

How many times have you seen an entrepreneur go to an event, meet people, and never talk to them again? Contacts are valuable, and your relationships are currency. Don’t fall into this networking pitfall. When it comes to your contacts, it is how well you know each other that counts, not how many contacts you have.

What is the best way for you to grow and utilize your relationships? Check out my latest video on my Networking for Success YouTube channel by clicking here, or by looking below.

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