Is Ignorance on Fire Ever a Good Thing?

Is Ignorance on Fire Ever a Good Thing?

The following video is part of my new “Ivanism” Garage to Global series, hosted by Entrepreneur.com, where I expand on catch phrases I have used frequently over the years.   I know, it’s a strange concept: “Ignorance on fire is better than knowledge on ice.” Most people read that statement and think, someone who’s excited but ignorant can do more harm than good. I’m here to tell you […]

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Counting Your Referrals

Counting Your Referrals

Referrals are the backbone of word-of-mouth networking, am I right? So if you reach out 100 people with a referral and ten reach back, did you give 100 or ten referrals? Many would immediately assume the higher number, because let’s face it–100 is better than 10. But that isn’t the case! But WHY is this? I come to you today with a Vlog (video blog) […]

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Using Your Unique Selling Proposition

Using Your Unique Selling Proposition

One of the biggest issues I see or hear when it comes to networking and word-of-mouth marketing strategies comes from the individual businessperson’s mindset. So often, people believe that in order to network successfully and set themselves up for the most referrals, they need to tell everyone who will listen (and some who won’t) everything that their business does. This misconception simply leads many to […]

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What to Do If You Get a Bad Referral

What to Do If You Get a Bad Referral

The best way to avoid bad referrals is to tell people when they’ve given you one.  Tell them tactfully, but tell them!  If you don’t, you’ll keep getting bad referrals and, to be brutally honest, you’ll deserve every one of them.  I continually run into people who say, “Oh, I can’t tell someone that the referral they gave me was no good.”  I say, You […]

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Unexpected Referral Sources

Unexpected Referral Sources

Sometimes good referrals come from sources that you least expect.  Many business people I meet want to network exclusively with CEOs and corporate presidents.  They tell me they don’t want to join most business groups, because top executives aren’t members.  If you’re waiting to find a group exclusively for CEOs and top managers, don’t hold your breath. Even when you find such a group, it […]

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What Makes Someone Referrable?

What Makes Someone Referrable?

I had a great conversation a while back with my business partner in the Referral Institute, Mike Macedonio (pictured to the right).  He was explaining why he feels there are only a few criteria that must be met to make people referrable by him. The first criterion is that the individual must be an expert at what he or she does.  He looks for people who have […]

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How to Get People to Refer Business to You

How to Get People to Refer Business to You

Over the years, I’ve run into countless people who believe that joining groups and organizations and becoming active by volunteering, taking on responsibilities and working side-by-side with other people on a common goal will cause people to get to know them and refer business to them.  However, this is not how things work. Granted, it’s easy to think that if you rub elbows with someone […]

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What Does It Take to Achieve Success through Word of Mouth?

What Does It Take to Achieve Success through Word of Mouth?

In order to run a successful word-of-mouth campaign, you need to build an arsenal of credibility-enhancing materials.  You should always have these at your disposal to make the most of every networking opportunity Note: Please keep in mind that this is not a complete list of items needed to market your business.  The items in this list are focused on enhancing your networking activities which […]

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8 Questions to Ask Yourself When Considering a Sponsorship Opportunity

8 Questions to Ask Yourself When Considering a Sponsorship Opportunity

Local communities and organizations–be they service clubs or professional groups–depend on sponsorships to make ends meet at some of their events.  This is also true for association trade shows and exhibitions.  In most cases, the dollar amounts for sponsoring events of this sort are modest–ranging from a few hundred to a few thousand dollars. How many times have you been asked to be a sponsor?  […]

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Getting a New Referral Is a Done Deal . . . True or False?

Getting a New Referral Is a Done Deal . . . True or False?

When one of your business contacts passes you a new referral, does that mean the prospect is ready to hear a presentation on your product or service?  Repeat after me . . . NO.  Assume nothing. When an associate passes you a referral, say thanks, then start digging for more information.  Exactly what does the prospect do?  What products or services does he want from […]

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Should Your Target Market Dictate the Networking Groups You Join?

Should Your Target Market Dictate the Networking Groups You Join?

The truth is, if you choose a networking group that focuses entirely on your target market, chances are you’ll be in a group of people who are a lot like you.  Sounds like a good thing, you say?  Well, it’s not.  A group that consists of a whole lot of people like you tends to hang out together in other settings and is likely to […]

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How Much do You Trust Advertising?

How Much do You Trust Advertising?

Nielsen recently did a survey regarding people’s “trust” in various forms of advertising (see the graph below). Remarkably, the two top categories of trust involved word of mouth!  All other forms of advertising were substantially lower than the top two (word-of-mouth approaches).  Furthermore, 82% of all forms of advertising (other than word of mouth) showed that more than half of all people didn’t trust that […]

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