educate Archives - Dr. Ivan Misner®
invest time

Invest Time to Learn About Others

If you want someone to learn about the value of your products or services, you have to spend time learning about the value of theirs. The best way to do this is a personal meeting. Master networkers meet regularly and invest time to raise each other’s understanding of their businesses.

“John, I’d like to be able to refer more business to you, but I need a deeper understanding of what your company does and how you operate. Could we get together next week to discuss this?”

Although you don’t say so, John understands that he’ll learn something more about your business at the same time. It’s not always easy to know how confident your contacts are in referring you. By having a personal meeting, you show interest in helping them to grow their business. Therefore, they will also be interested in helping to grow your business.

Ask yourself if you invest time to learn about others

  • Am I being realistic about the time it will take, in my profes­sion, to gain the critical level of confidence?
  • Am I regularly making stimulating, educational presentations to my fellow networkers about the value I provide to my clients?
  • Am I doing business with others in my BNI chapter so I can give them dynamic testimonials and steer business to them in hopes they’ll return the favor?
  • Am I meeting regularly with my networking colleagues to learn about their businesses so I can confidently refer my contacts to them?

If you can endorse the quality of products or services offered by a networking partner — that is, increase others’ confidence in them — your partner will be disposed to return the favor. Testimonials from one or two of your partners may, in turn, trigger a much larger and more valuable referral from another partner who was waiting for more evidence before taking a risk on you.

If you’re following these simple tactics, then you are well along the road to getting all the referrals from others’ networks that you deserve when you invest time to learn about others.

inspire confidence

Inspire Confidence to Refer You

When it comes to getting referrals from your network, the confidence others have in you is a vital component. None of them wants to risk their personal reputation by referring to a stranger. Until you inspire confidence that referring contacts to you won’t harm their reputation with their clients, associates, friends or family, you’re still a stranger. People won’t refer you if they feel you’re going to let them down.

Your profession matters to inspire confidence

The more significant the business being referred to is, the greater the risk to the referrer’s reputation. If you’re a florist, it may take only a week or two for people who try your services to recommend you on the basis of their experience with you. The risk associated with referring a florist is usually small unless you’re bidding on a large wedding that also might be your referrer’s top client. If you’re a financial advisor, it may take you six months or a year to reach the critical confidence level. However, since the stakes are higher, your referrer stands to gain more if the results are successful.

No matter what line of work you’re in, if you don’t perform well, your referrer will learn of it and you may not get another referral from that source.

Educate others about your business to inspire confidence

Don’t assume your fellow networkers understand your company or industry well enough to refer you confidently. You have to educate them and keep on educating them as long as you’re in business.

A networking group like BNI is ideal because everybody is expected to address the group at regular intervals. Make your presentation interesting and stimulating. Tell them how your product or service improves others. Each time you speak, present a new aspect of your business. Let your knowledge and eloquence persuade them that you’re very good at what you do. You will inspire confidence and your name will come to mind whenever a referral opportunity arises.

If you’re following these simple tactics, then you are well along the road to getting all the referrals from others’ networks that you deserve by inspiring confidence to refer you.

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