networking for success Archives - Dr. Ivan Misner®
Quality Truly is King

Quality Truly is King in Networking

Quantity is important, but networking is not so much a numbers game as a people puzzle, one that works by making connections between other people. You need to have a wide set of contacts, but your connections need to go deep. It’s not just who you know, but how well you know them. If you know your connections well enough to be able to call and ask for a favor–and get it–that is a powerful network. Quantity is good, but quality truly is king.

The more people you meet at an event, the more successful your networking efforts are–and that’s simply not the case.  Instead, the quality of the connections you form is much more significant than the quantity of connections you make.

Networking is not a numbers game.  It’s more like a people puzzle.  It’s about building relationships with the close people in your network.  That means that it’s about finding ways to interconnect the relationships you have to build a powerful personal network.  In order to do that – you actually have to have a fair number of quality relationships in that sea of contacts.

If your network is a mile wide and an inch deep, it will never be successful.

Instead, your network needs to be both wide and – in places, deep.  That is, you need to have a wide set of contacts but some of those need to be connections that go deep.  Therefore, the quality of your network is just as important, if not more important than the quantity of your network.  This doesn’t mean that quantity isn’t important.  It is important.  The thing is that a small network of quality people limits your success.  However, a large network with multiple quality relationships makes for a much more powerful, personal network.

It is a little like your left hand and your right hand.  Both are really important. But one is generally stronger, more powerful, and generally used more than the other. You can’t accomplish what you want as easily without both.  However, one is the stronger hand.  This is similar to the quantity vs. quality argument in networking.

Click here to listen to a personal story about this comparison

 I believe that it is NOT, what you know, or who you know – it’s how well you know each other that counts.

Strong relationships take simple “contacts” and turn them into powerful “connections.”  It doesn’t really matter if I have an amazing database of people with many phone numbers.  What really matters is if I can pick up the phone and ask some of them for a favor and they take my call then are willing to do that favor.

Lowest Common Denominators

Lowest Common Denominators (LCD’S) in Your Weekly Presentation

When you want to nail a presentation, start by explaining your lowest common denominators, or the most immediate, universal value of your business.

If you can break your business down to its smallest components and focus on just one aspect of your business in your weekly presentations, it works much better than providing a laundry list of things you do, or a vague and meaningless term like “full-service.”

For instance, a real estate agent might do 60-second presentations about first-time home buyers, condos, single-family-homes, investment properties, house flipping, downsizing your home for empty-nesters, buying a larger home for a growing family, the communities you focus your business on, and so forth.

No matter what your business is, you know enough about it to break it down in the same way. If you do a whole series of LCDs over the course of a year, by the end of the year everyone in your chapter will know so much about your business that they can give you great referrals.

When it comes to telling people about what you do, the deeper you go into the specifics the greater your success will be.  In this video, I talk about how to explain and promote your business by breaking it down into its Lowest Common Denominators .

LCD’s

Many years ago, I visited a BNI meeting where I witnessed the absolute best presentation I’ve ever heard at a weekly networking meeting and it was given by a florist who focused on the details of a single rose. Watch the video now to hear the story of what the florist did and said that made his presentation so successful and to learn why specificity is key in talking about exactly what it is that you do.  If you belong to a strong contact network where you give weekly presentations, the more specific you can be in explaining the aspects of your business, the greater your results will be.

If you struggle to come up with talking points about your business at your weekly networking meetings, this video is for you.  I offer a simple strategy for pre-planning your presentation topics for an entire year–never again will you have to wing your presentations because you’re not sure how to describe what you do.

So, what aspect of your business are you going to focus on at your next networking meeting?  Make up a quick list of ideas for LCD presentations right now. Share your list–and your stories of how LCDs worked for you. I’d love to hear about it.  Please share your thoughts in the comments below.  Thanks!

referral source

Are clients your best referral source?

Clients are often thought to be your best potential referral source.  However, Tiffanie Kellog shares why they are not in this guest video blog.

About Tiffanie Kellog

For more information on Tiffanie Kellog, please visit her website at tiffaniekellog.com/

Tiffanie Kellog is a professional speaker, coach, and trainer with Asentiv, and is co-owner of a business with her husband.  Therefore, Tiffanie has helped entrepreneurs over the years make more money while saving time. Thus they can have more fun. She is dedicated to helping others make more money in less time.

To contact Tiffanie, call her at 813-263-9690 or email at referrals@tiffaniekellog.com

Paul Furlong

Planning Your Networking (by Paul Furlong)

Paul Furlong shares his networking tips in this video.

Most people are disappointed with their networking results at networking events because they did not have a clear strategy for how they were going to be networking. Paul Furlong, BNI Director Consultant, shares his networking strategy questions:

There are so many different networking events. It is important to decide which ones should attend. Use the following questions to help you to decide which events to attend.

  1. Why do you want to go to networking events?
  2. How are you going to network?
  3. What are you going to do to build the relationships with those you meet at the networking event?
  4. Do you know the type of businesses are you wanting to network with?
  5. What networking events do these businesses you want to meet attending?

Now that you have decided which event to attend, here are a few tips on how to network at the event.

  1. Ask the host for a list of who is attending to determine who to approach.
  2. Determine if they are in it for the long term relationship you desire or if they are only transactional when you meet them.
  3. Be prepared to network with your business cards, brochure, and appointment calendar.
  4. Talk as little as you can about your business and ask them what is currently happening in their work.
  5. Share a succinct story if asked about how you help others and share who are your ideal referrals.
  6. Schedule a second meeting to follow-up and learn more about each other.
  7. Send an email after the event to confirm the second meeting and thank them for meeting with you.

Rule the World

Great story-telling is essential to effectively communicate your ideas in order to inspire and influence your audience. In this show, Paul Furlong, Creative Director at Opus Media, deconstructs world-class story-tellers from all echelons of society. Digging deep, Paul attempts to find the recurring and unique principles they use to help you make your stories more engaging and better communicate your ideas to stimulate your audience to take action.

https://itunes.apple.com/gb/podcast/rule-the-world-the-art-power-of-storytelling/id1164974213?mt=2

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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