Referrals Archives - Page 22 of 24 - Dr. Ivan Misner®

Seek Out a Referral Networking Group

How much would it benefit you to have several dozen salespeople working on your behalf to bring you new business?  That would be something, wouldn’t it?  Wait, it gets better.  What if you didn’t have to pay them a salary or commission?  What if you didn’t have to provide them office space or fund their retirement plans?  Well . . . that’s what referral networks can do!

You may already have caught on to this not-so-well-kept secret, especially if you’re familiar with any of the books I’ve written; but if you’re new to the world of networking, then the first thing you should do is seek out a referral networking group.  Make sure you find a referral networking organization that provides a structured system for generating business by referrals.  You want to join a group that demonstrates real purpose and is results-oriented.

When you join a good referral networking group, you are providing yourself a means to easily implement the new networking strategies you learn with people who have also become skilled at networking their businesses.  When you surround yourself with quality business professionals who have committed themselves to continually taking the time to focus on networking, you will develop the genuine, long-lasting relationships that will lead to years of future business.

So, if you haven’t already joined a networking group, start searching the internet for networking groups in your area and make an appointment to visit a local chapter.

Click Here to learn what to look for when choosing a networking group.

Get Value for Your Time

As the founder and chairman of an international organization, I am sometimes overwhelmed by commitments and obligations, so I know firsthand how important it is to make the most of your time.  Have you ever tried to get back an hour you spent on something that didn’t turn out well? It’s not possible. Since you know you can’t retrieve an hour, much less a day of precious time, you obviously want to spend it as wisely and effectively as you can.

So if you spent your time networking, you would want to get a high return on your networking investment, right? Here are some tips on how you can do just that:

1.  Be “on” 24/7
Be on the top of your networking game all the time, 24 hours a day, seven days a week.  Networking opportunities present themselves in the most unsuspected places and times.  If you snooze, you just might lose.

2.  Learn to play golf or something
Challenge yourself to a game of golf or some other activity that aligns with your interests and skills.  A lot of business that happens on the golf course could just as easily happen on the badminton court, the soccer field or across a pool table.

3.  Have purposeful meal meetings
Get more value out of your meal meetings.  If you’re going to meet and eat, you may as well get more out of the experience than calories.  Make this activity pull its weight as an opportunity for business networking.

4.  Make first impressions count
Make sure you get off to a good start.  Learn to take a closer look at your appearance and your body language.  Are they helping you start good conversations–or ending them before you can even say a word?

5.  Seek out a referral networking group and join a chamber of commerce
If you’re going to venture out and attempt to build a network, the first steps should be to seek out a referral networking group and a chamber of commerce to help network your business.

6.  Sponsor select events and host a purposeful event
Focus on how you can leverage sponsorship opportunities and specific events to position your business in front of key people.  Of course, you need to take the initiative to make it happen.

Work on these strategies so you can strengthen your network, get more return on your networking investment, increase your visibility within the community and, most of all, get the most value from the time you spend networking.

Sponsor Select Events

Sponsorships seem to have become a part of our consumer culture.  You can’t watch or attend a big sports event, for example, without being exposed to the event’s sponsors.  On a smaller scale, local communities and organizations also depend on sponsorships to make ends meet at some of their events.  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?  How many times have you offered to sponsor a select event in order to help out someone in your network?  Both situations have the potential to give you huge exposure if done well.  In addition, sponsoring an event for someone on your word-of-mouth marketing team enhances the relationship, because you are helping that person meet a goal.

Be selective and choose carefully when you’re thinking about sponsoring an event.  Is it a good investment of your time and money?  The questions below will help you determine the value of a sponsorship before deciding to become a sponsor:

*  What is the target market for this event?

*  What kind of exposure do I get for my investment?

*  Can I get this kind of exposure without this investment?

*  Do I get direct access to the audience?

*  Does it make sense for me to be there?

*  Which business or networking goal does it help me complete?

*  Are other sponsors my competitors?

*  How does this enhance my credibility with the person I’m helping?

*  Why wouldn’t I do it?

What do you look for when you are considering sponsoring an event?

Volunteer and Become Visible

One of the first steps toward networking your business is to become more visible in the community. Remember that people need to know you, like you and trust you in order to refer you. Volunteering can position you to meet key people in your community. It connects you with people who share your passion. It gives you opportunities to demonstrate your talents, skills and integrity, as well as your ability to follow up and do what you say you are going to do. It instantly expands the depth and breadth of your network.

People who volunteer demonstrate their commitment to a cause without concern for personal gain. Thus, you should be volunteering with organizations or causes for which you hold genuine interest and concern. If administrators or other volunteers perceive that you are in it primarily for your own gain, your visibility will work against you, and you will undermine your own goals.

Volunteering is not a recreational activity; it’s a serious commitment to help fulfill a need. To find an organization or cause that aligns with your interests, you need to approach volunteerism with a healthy level of thought and strategy.

Start by asking yourself the nine questions below.

1. What do you enjoy doing for yourself in your spare time?

2. What hobbies do you enjoy?

3. What sports do you know well enough to teach?

4. What brings you joy and satisfaction?

5. What social, political or health issue are you passionate about because it relates to you, your family or your friends?

6. Based on the answers to the first five questions, what are three organizations that you can identify that appeal to you? (Examples: youth leagues, libraries, clubs, activist groups, church groups, homeless shelters) Choose the one that most appeals to you, and research the group online and in the community.

7. Now that you’ve researched this group, will it give you an opportunity to meet one of your professional or personal goals? If so, visit the group to “try it on.”

8. Now that you’ve visited this group, do you still want to make a final commitment of your time?

9. Are other group members satisfied with the organization? (To learn this, identify three members of the group to interview in order to assess their satisfaction with the organization. Consider choosing a new member, a two- to three-year member, and a seasoned five- to six-year member to interview.)

Once you’ve done the research required to satisfactorily answer these nine questions, join a group and begin to volunteer for visibility’s sake. Look for leadership roles that will demonstrate your strengths, talents and skills. In other words, volunteer and become visible. It’s a great way to build your personal network.

Create Your Networking Future

I had a conversation this week with a florist who was bemoaning the commitment he’d made in becoming a member of a local referral marketing group. He complained that he had never considered himself a natural networker and had assumed joining the group would jumpstart his networking efforts. But after five months, he still felt uncomfortable trying to build relationships with people he considered to be virtual strangers. He still felt like he had no real networking experience and that he didn’t have a clue how to develop the necessary networking skills that would make his membership worthwhile. He said it would probably be better for him to stop wasting time and just quit the group.

Here’s what I told him: It’s never too late to start creating your networking future. You can make a new start right here and now, no matter what wrong networking moves you may have previously made.

Start by taking stock of your networking strengths and weaknesses and use that knowledge to make goals and plans for yourself. Implement weekly networking strategies and be clear with yourself about what you need to work on to improve your networking skills. Just as in building a new house, you need a strong, stable foundation on which to construct your “networking home.” First things first: You must set goals, develop a plan and start accomplishing networking steps.

If you feel a lot like the florist when it comes to the current status of your networking efforts, here are seven keys to create your new, successful networking future:

1. Start by setting networking goals. Networking goals are vital. They keep you focused on the steps needed to network your business every day. Careful attention should be paid to this process.

2. Block out time to network. Carve out time in your weekly schedule for networking. To meet your goals, you must dedicate time to networking.

3. Profile your preferred client. Describe your preferred client in very specific and strategic terms. Knowing exactly whom you want to attract to your business as a client or customer–and being able to clearly, concisely and quickly describe that preferred client to everyone from your mother all the way down to the CEO of a Fortune 500 firm–is a vital step for networking success.

4. Recruit your word-of-mouth marketing team. Begin recruiting the individuals who will serve as your ambassadors. They are critical to your success. Why? Because networking, by definition, is a team sport. You win only when others are winning alongside you.

5. Give to others first. There is tremendous power in te law of reciprocity in networking. You will find that there are great benefits to giving to others in your network first, before expecting anything in return.

6. Create a network relationship database. Organize the people you know into a network database. An organized network database saves you time and energy in the long run.

7. Master the top 10 traits of a successful networker. Set a high bar for yourself by aiming to master the top 10 characteristics that define a master networker. This gives you something to aim for and a way of assessing where you stand now, relative to that goal.

Go the Extra Mile

On a daily basis, I am surrounded by people who know that connecting with others to network their businesses is extremely important. However, I am often surprised at how many people don’t put enough effort into purposefully strengthening their network relationships. The fact is, you want to be in solid with the people who constitute your network, and vice versa. You want to be the first name that comes to mind when those in your network scratch their heads and wonder, “Hmmm . . . Whom could I go to with that problem? Who would be a good fit for that referral?”

Going the extra mile provides you several ways to stand out and be positively memorable. Focus on things that you can do to demonstrate the unforgettable value you bring to the table as a network member. Even though our networking is about business, not social relationships, you have to admit that people like people who help them. If you help someone, he or she, in turn, wants to help you.

Take the initiative in developing a relationship with someone who could be of help to you in networking your business. Here are some strategies on how to do this:

1) Be a value-added friend. Focus your attention on the kind of value you bring to the relationships you form.

2) Become a catalyst. Take the lead and be the person who makes things happen.

3) Find an accountability partner–a person to whom you can be accountable, responsible and answerable, and who cares whether (and how effectively) you implement networking strategies and meet the goals you set for your business.

4) Volunteer as a way of building visibility for your business.

5) Send thank-you cards. This is a simple but powerful two-minute activity.

6) Timely follow-up is extremely significant and it is tremendously important in pushing a relationship forward.

Going the extra mile with the people in your network not only expresses your sincerity, but it also opens the door to accept what the law of reciprocity has to offer you and your business.

The 29% Solution: 52 Weekly Networking Success Strategies

Santa Claus, Easter Bunny and Six Degrees of Separation

I am pleased to announce that my new book, The 29% Solution, 52 Weekly Networking Success Strategies has just been released! Below is an excerpt from the book.

What do Santa Claus, the Easter Bunny and “six degrees of separation” all have in common? They are all urban legends! I wouldn’t do an expose on Kris Kringle or the egg-laying rabbit. I don’t want to stir up any trouble. What I do want to take issue with is the six-degrees thing.

You’ve heard that there are “six degrees of separation” between you and anybody else on earth that you would like to meet. Right? Amazing, isn’t it? Unfortunately, it’s just not true! I know, I know–you’re thinking, “What? That can’t be! It’s common knowledge that we are all separated by six connections to anyone in the world.” Well, I hate to burst your bubble, but the idea that we are all connected through six degrees of separation is rooted in myth–not in fact.

The legend originally stems from several “small world experiments” conducted by Stanley Milgram in the 1960s and ’70s. These experiments involved sending folders or letters from a group of people in one part of the country to a specific person (whom they did not know) in another part of the country. The people were told to get the material to someone who might know someone who would know the individual to whom the material was to be delivered. This process formed a chain of connections linking the people together. It was, in fact, found that the letters or folders that eventually arrived in the right person’s hands took, on average, between five and six connections or degrees. This part is true; however, if you look closer, you will discover the problems that exist within the blanket statement that “we are all connected by six degrees.”

First off, though the average number of links for people who got the material through to the final contact was five or six connections, the majority of the connections that were made ranged from two to 10 (the average was five to six). This means that roughly half took more than six and roughly half less than six. Well, you say, that’s the average and I would agree that there’s nothing wrong with addressing this concept by the average, but there’s one small problem. The overwhelming majority of people in all of Milgram’s studies never got the material to the intended recipient at all! In Milgram’s most successful study, “217 chains were started and 64 were completed–a success rate of only 29 percent.” That’s right–a success rate of less than one-third of the participants! So what this means is that 29 percent of the people in Milgram’s most successful study were separated on average by six degrees from the final contact person. However, that means that 71 percent were not connected at all!

But wait, I’m afraid it gets worse. This was Milgram’s most successful study. In another of his studies, only 5 percent of the participants completed the chain, which means that 95 percent of the people in the study never made the link to the person they were supposed to connect to at all–ever! Don’t shoot the messenger, but I am afraid to tell you that we are not “all” connected with everyone in the world by six degrees of separation. We’re just not . . . not all of us.

So why would I, someone who has devoted most of his professional career to business networking, be telling everyone about the Achilles heel of this iconic concept upon which a lot of networking pros hang their hat? Well, there are two reasons. First of all, I believe this myth creates complacency. The thought that everyone is absolutely connected to everyone else on the planet by six degrees gives some people a false sense of expectation and thus lulls them into a sense that the connection is bound to happen sooner or later, no matter what they do. Second, and most important, the studies’ findings indicate clearly that some people are better connected than others. I believe that’s important because it means that this is a skill that can be acquired. With reading, training and coaching, people can develop their networking skills, increase their connections and become part of the roughly 29 percent of people who are, in fact, separated from the rest of the world by only six degrees.

Milgram’s work was revolutionary. It opened up a whole new world of discussion and understanding. It has, however, been romanticized. The mythical version of his findings does no good for anyone. It gives people a false sense of security or an erroneous world view of the networking process. I believe we do live in a “small world” that is becoming smaller and smaller; and I also believe it is possible to be connected to anyone in the world by only six degrees. I just don’t believe that “we are all” connected by six degrees, and Milgram’s own findings support that.

The good news in all of this is that it is possible to be part of the 29 percent through education, practice and training. We can be connected to anyone through the power and potential of networking. In fact, by understanding that, we can set ourselves aside from our competition by knowing that being able to make successful connections is not an entitlement. Instead, it is a skill that only some actually develop. As for the 71 percent of people who are not connected and yet still believe in the six degrees of separation concept–keep the faith. You’ll always have Santa Claus.

Books are now available at your local bookstore or from Amazon.com. I’d love to hear your thoughts about the book and/or the general concept.

The Number One Networking Requirement

So many times, I hear of people joining networking groups and then becoming disillusioned because the referrals don’t immediately start pouring in. The fact is, whatever you pay to join a referral/networking group is only an admission price–it gets you into the room where opportunities may come your way, but it doesn’t entitle you to referrals. It’s not enough to simply show up and participate. You must perform to make the most of these opportunities and new contacts.

Despite the built-in structure and focus on referrals, a strong-contact group member can fail to generate referrals or to receive referrals for himself or herself. Networking skills are the number one requirement for generating more referrals. Being in the setting of a networking group simply makes it easier to use these skills. Simply being a member of a strong-contact group does not entitle you to expect or receive referrals. Nor does being a member of a casual-contact group limit the number of referrals you can generate or receive, if you have the skills and use them.

Develop the skills of a master networker by constantly looking for ways to help or benefit your networking partners and earning a reputation as someone who can get things done, no matter what the organization or situation. For example, one extremely savvy and successful networker I know records the names and cell phone numbers of every member of her networking group, and when new members join, she adds them to her “tele-rolodex” immediately. She has found that she has a better chance of seeing closed business between her contact and the person to whom she makes the referral when she can introduce them immediately–right when she learns her contact’s needs.

For more information on developing the networking skills that will help you make the most of your networking opportunities, click here. For even more on networking skills, click here.

What Percentage of Your Business Do You Get From Referrals?

We recently surveyed more than 3,000 people at BNI.com. We asked the participants what percentage of their business comes from word-of-mouth or referrals.

We found that fewer than 5 percent got no business from referrals, and more than half of the respondents said they got more than 70 percent of their business from word-of-mouth or referrals!

Look at this and another nine surveys on networking at this LINK.

Does this measure up to your experience? I would really like to hear from you as to whether you agree with the majority of the respondents to our survey.

Friends, Family and Referrals

Last Saturday night, my family and I decided to go out to dinner and ended up eating at a brand-new restaurant in the town where we live. We hadn’t actually heard anything about the restaurant and didn’t even know it existed, but it caught our attention as we drove down the street and we decided to try it out.

The food was exceptional and I was quite impressed with the service and the ambience, yet there were hardly any other patrons besides us in the entire place. As we finished our dinner, the owner of the restaurant walked over to our table, thanked us for coming in, and asked us how we liked everything. I told him that we would definitely come back and asked him how long he’d been in business. When he answered that he’d been in business for three months and that things were coming along slowly but surely, I asked him what he was doing to promote his business. He replied that startup costs hadn’t left him with much money for advertising but that he had a huge extended family and he was banking on the fact that with them on his side, word about the restaurant was sure to spread pretty quickly.

I looked around the restaurant (virtually empty during the dinner hour after three months in business), smiled, and said, “So, how’s that working out for you so far?”

I went on to explain to him that I was somewhat familiar with the whole “networking thing” (I revealed that networking has been my career for more than 20 years) and that people who like, care about and respect you will not necessarily always refer business to you. We chatted for quite some time and I referred him to one of my articles, “Getting Referred By Friends and Family.”

For anyone out there who is currently relying on friends and family for referrals, here are a few things to think about:

  • Oddly enough, the people most familiar with you are often the most casual about giving you referrals.
  • With friends and family, relationships grow out of more personal associations; therefore, it may not even occur to a family member to refer business to you–unless you make a point of asking for it.
  • You need to train friends and family to refer business to you.
  • One of the first things you can do is get them to listen for key words and to recognize circumstances where they can, through you, provide a solution to someone’s need or problem.

What are your experiences with referrals from family or friends?

Networking for the ‘Difficult to Refer’ Business

After a recent speaking engagement I did, a woman appoached me and asked my advice on the dilemma of getting qualified referrals for a “difficult to refer” business. She was passing as many referrals as she could to others, but because her business seemed to revolve around such a niche market, the business referrals she was receiving were slim to none, and she was starting to get discouraged.

I referred her to an article I wrote a few years back that addresses this exact predicament; and since I’m sure some of my blog readers are in businesses that are more difficult to refer than others, I thought I’d shed some light on the subject here. For networkers in businesses that don’t easily generate word of mouth, there is hope for your company because there are still ways you can successfully network and build your company’s reputation.

Years ago, I learned that speaking engagements are a great short-term approach to getting new business while you’re working on the long-term process of word of mouth. You see, when you schedule an appointment with someone you think might be interested in what you’re selling, that time you spend with them–usually an hour–is very important. Well, imagine having that same one-hour appointment with 20 to 50 businesspeople in your community, all at the same time! In effect, that’s what you’re doing when you’re asked to make a presentation at various clubs and organizations.

So, how do you go about getting on the calendars of these business and service groups? It isn’t as hard as you might think. With a little creativity, you can put together a presentation that will be informational, educational and even entertaining. Most important, you can get referrals from people to help you get in front of them. Usually program chairs are scrambling to find someone different, engaging and interesting to come in and present to the group. Your job is to help them find you!

To see a sample of the letter I used to send to program chairs when I owned a consulting firm, click here to go to the article. Getting speaking engagements can make your company easy for anyone to refer and it can also get you a lot of clients while you’re busy building your business.

If you have any comments or thoughts on other techniques that are useful for businesses that are “difficult to refer,” I’d love to hear your feedback.

Where Does Your Business Come From?

Where does your business come from? In a survey of roughly 4,000 people at the BNI.com website, roughly 73 percent of the respondents said that they get most of their business from networking and referral activities. Only 12 percent get most of their business from advertising and less than 10 percent get most of their business from cold calling!

What I find amazing about this is that most colleges still focus on courses on advertising, and most big companies still train their new salespeople how to cold call! Despite that, most entrepreneurs and salespeople (according to this survey) don’t get the majority of their business from these two methods.

Where do you get most of your business from? Comment here on this blog and take the survey (and others) at this LINK.

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