network Archives - Dr. Ivan Misner®

15Aug2022

Work Your Network With The 4Csstring(30) "Work Your Network With The 4Cs"

August 15, 2022

I am excited to tell you about my new book, co-authored with Dr. Oudi Abouchacra, called “Work Your Network with the 4Cs.” Our goal with this book is to empower businesspeople, BNI® members, and other professionals with the fundamentals to create a powerful personal network.

In the book, we refer to our four key fundamentals as The 4Cs. They are:
Credibility – trust or trustworthiness
Competence – knowledge and skill
Clarity – understandable communication
Connectivity – quantity and quality of connections

Consciously or subconsciously, we all assess the people we interact with in terms of their credibility, competence, clarity, and connectivity. And they, too, are evaluating us with respect to the 4Cs. In future blogs and podcasts, I’ll dive into the details for each of these four, exploring how they apply to the business world, and how you can build a greater network and work that network effectively.

Business from Networking and Referrals

For anyone who has been in business, even for a limited time, you recognize that a percentage, and it’s often a large percentage, of business referrals that you receive comes from your professional network. In fact, for small business owners, regardless of the industry or sector, networking referrals are typically a very significant proportion of their business.

A few years ago, we did an online BNI survey, open to the public, that had almost 4000 participants worldwide. We found that 73% of businesses reported getting most of their business from networking and referrals. That is a compelling statistic!
The other ways they got business were advertising – about 12%; P.R. was less than 5%; cold calling was less than 10%. And 73% was from networking and referrals!

The irony in that statistic is that more than 87% of the people in the same survey said they had never taken a college course that covered networking or word-of-mouth marketing. Forget about an actual class on networking; we’re talking about a course that just even discussed the topic of networking. It’s ironic that most people get their business from networking, and most people have never been taught how to network.

This is disturbing on many levels. Business students are almost completely unaware of how crucial networking will be to their future success. Business professionals are not investing in a source of income – networking and referrals – that is potentially responsible for nearly three-quarters of their livelihood. Additionally, they are not investing the necessary time in growing their network.

Many businesses are leaving opportunities on the table and those opportunities could be the ticket to taking their business to the next level. Dr. Oudi and I want this book to do what colleges and universities have failed at doing.

The 4Cs are designed to help you gain more referrals with every handshake and with everyone you meet. Each of our Cs – Competence, Credibility, Clarity, and Connectivity, has the potential to affect the referral quality, quantity, significance, and consistency within your personal network.

Special Offer

Right now, the Kindle version of “Work Your Network with the 4Cs” is on sale for only 99¢ USD. You can download your digital copy at amazon.com (you don’t need a Kindle device; you can get the free Kindle app).
This offer is at amazon.com only and may not be available in all areas.

This special offer ends on Sunday, August 21st, 2022, at 3:00 am EDT USA.

25Apr2019

Who Will You Let In Your Network?string(33) "Who Will You Let In Your Network?"

April 25, 2019

Ivan Misner

network, Who's In Your Room Networking, Networking Tactics, Who's in Your Room

Do you know the #1 source of business pain in the lives of most people?

It all stems from letting someone in their network that is not aligned with their values. This might be because you were born into it, like family! Or you chose it like friends, colleagues, acquaintances, or business partners. Regardless of how they got there, they are infiltrating the quality of your life and as a result, YOU SUFFER!

So you have a choice to make…

Allow them to impact you

Make a change today!

I am hosting a MasterClass to help you not only make the choice, but also to give you tools and resources to make your NETWORK a safe space for only those who are worthy of entering. Join me for “Who’s In Your Network”

Thursday, May 2nd at 1pm ET (10am PT).

Please reserve your spot here: https://bni.synduit.com/WN0001

30Nov2015

To Connect or Not to Connect, That is the LinkedIn Questionstring(59) "To Connect or Not to Connect, That is the LinkedIn Question"

November 30, 2015

Ivan Misner

Ivan Misner, LinkedIn, network, posting, Social Media Community, Connections, Social Media, Visibility 2

LinkedIn is an extremely powerful tool to help you grow your network and your business. Unfortunately, it is also a network that many can abuse. There are social networking tactics that work perfectly on Twitter and Facebook that flop on LinkedIn, and vice versa.

One huge mistake is forgoing importing your email contacts into LinkedIn. The vast majority of your business contacts are likely on LinkedIn, and if you aren’t already connected to them, you’re missing out on a huge opportunity. By connecting with your email contacts, you can endorse their skills and perhaps be endorsed in return, automatically receive updates when they change something in their profile, and learn more about them professionally.

On endorsing skills, have you gone through your contacts an endorsed everyone for at least one skill? If you are connected with someone on LinkedIn and you don’t know enough about them to be able to endorse them for at least one skill, that is a red flag that you aren’t fully utilizing that contact. I recommend reaching out to them and asking if they have time to schedule a one-to-one. Your goal is to learn enough about them, and identify enough about their skillset to feel comfortable endorsing them. If you feel like you don’t know them well enough to endorse them, likely they feel the same about you.

Update your profile’s summary to one clear, concise sentence that defines your current career trajectory. Help your contacts help you by making it clear, both in the real world and the digital world, what a good referral for you is.

The occasional status update is good, too. Say you write a blog for your business, or read a particularly interesting trade piece. These are great things to share and to start conversations with your contacts. Be aware, though, on LinkedIn, it is very easy to cross the line between just enough and too many updates. You should strive for just a few updates a week, as people tend to log into LinkedIn a lot less than other networks.

Search through the connections that your contacts have, and see if there is anyone you may ask to be introduced to. Your network’s network is a tool that you have at your disposal, just know how to access it in the best way. Perhaps a contact you’ve known for 10 years is connected with someone that you had always wanted to meet. Reach out to your contact and see if they would be willing to make the introduction. It never hurts to ask.

How do you use LinkedIn? Are there any LinkedIn suggestions you think are vital that I’ve missed? Share them in the comments below!

23Nov2012

The 5 Levels of Relationships to Understand for Networking Successstring(66) "The 5 Levels of Relationships to Understand for Networking Success"

Earlier this month, I had the opportunity to speak with my good friend Andy Hart, a networking expert from Ireland, at the BNI International Conference in Long Beach, CA. Andy is a true master of networking and in this short video, he explains the Levels of a Relationship and how having a huge network of contacts doesn’t necessarily mean you have a huge pool of contacts from which you’ll actually gain business.

Andy discusses five main relationship levels in regard to business networking and the possibility of generating referrals from those in your network of contacts; more importantly, he outlines a simple exercise which will enable you to pinpoint which relationship level you are currently maintaining with each of your contacts.

After carrying out the exercise Andy suggests, please come back and share your findings–were they what you expected, or were you surprised by what you discovered?

9Dec2010

A Networking Trick for the 21st Centurystring(39) "A Networking Trick for the 21st Century"

Years ago I wrote about a great technique to get people to come to me for their referral needs. However, I recently saw a modern twist to this great idea that I’d like to share with you today.

Here’s a little background information on the original concept:

Since the late ’80s I’ve been training people to use a little networking trick that will enable them to give referrals to more people (which of course leads to getting more referrals for themselves). I talk about this trick in one of my early columns for Entrepreneur.com as well as a blog I wrote last year entitled: Use This Networking Trick to Increase Business.

In a nutshell, the technique is to compose a letter that you give to your clients and contacts which states that an important part of your business is to give referrals to people looking for services that you recommend (you can find a more detailed explanation, along with a sample letter, by clicking on the link given above).

Here’s the interesting, modern twist:

Terry Burkot has created a 21st century version of this same networking technique by adding video to the equation. She still sends a personal message to all the people in her network; however, she doesn’t write a letter, she instead sends a video message which really utilizes the tools we have available to us in this world full of constantly-evolving technology.

Terry used my idea (which was so last century :)) and really improved on it. Well done, Terry!

I’d love to hear your comments on what you think of this modern twist to networking.

11Oct2010

Expanding Your Overall Sphere of Influencestring(42) "Expanding Your Overall Sphere of Influence"

The foundation of any word-of-mouth marketing effort is people. Your sphere of influence represents the overall number of people with whom you network. These are people you know either very well or as casual acquaintances. To evaluate your sphere of influence, take inventory of the people you already know.

Surprisingly, many people have never established effective networking relationships with others they’ve known for a long time. Preparing your inventory is as simple as asking yourself, “Whom do I know?” or, “Who knows me?” This includes everyone with whom you interact or might interact with, personally or professionally:

Clients
Business associates
Vendors
Creditors
Employees
Friends
Family members
Others

Go through your software database, e-mail contacts, Rolodex, mobile phone contacts and business card collection. Discard the names of all people who have moved on or with whom you’ve lost touch. Analyze your relationships with the ones you feel are still current. Ask yourself, “How well do I know them?” Then determine whether each individual is a Strong Contact (a close associate with whom you will network actively) or a Casual Contact (an acquaintance with whom you will network passively).

Remember, the more people you network with actively, the greater your sphere of influence will be.

23Sep2010

Think You Don’t Need a Network?–Think Again . . .string(61) "Think You Don’t Need a Network?–Think Again . . ."

As a small-business professional or entrepreneur, how do you:

Get advice and help when problems arise
Gather the information you need for making important business decisions
Identify your markets and locate potential clients?

Unfortunately, most people get help in times of need from individuals or businesses they don’t know well. Instead of anticipating and planning for needs and emergencies, they are forced to react to every situation. They search the internet or ask friends and associates to help solve problems or recommend solutions, even though these people may not have the necessary expertise, and the sources they recommend may have little relevance to or experience with the business operation that is in need.

As a small-business owner, you don’t have the built-in resources to employ a management team to plan ahead, proactively problem solve, obtain and maintain ready access to vital resources–information, personnel, funding–and make informed decisions quickly in an emergency. What you need is the functional equivalent of a management team and that is exactly what a network is for!

Your network is a systematically and strategically selected group of people on whom you can call as the need arises. It is a diverse, balanced and powerful system of sources–people from all facets of the business world–that will provide referrals, information and support in key areas of your business or profession, over both the short and the long term.

So, if you know someone who doesn’t want to put in the time and effort to establish a network because he thinks his business is just fine without one, do him a huge favor and explain why he needs to think again.

17Jun2010

Become a Customer to Become a High Prioritystring(43) "Become a Customer to Become a High Priority"

One of the friendliest and most natural ways to make contact with a referral source is to buy her products or services, whether in large or small dollar amounts. It’s important to note that the purchase doesn’t necessarily have to be from her primary line of business–perhaps a ticket to a fundraiser, a used car, a computer, even a box of Girl Scout cookies from her daughter.

By purchasing something from your network member/referral source, you become one of her customers. As a customer, you are high on her priority list; she will be more inclined to do business with you and give you information, support and referrals. This approach also increases your source’s interest in getting to know you and staying in touch.

Tips for purchasing from your network:

Analyze how you are spending your money now.
Decide how much you want to spend.
Test your relationship with the people you buy from now. Do they know you? Do you benefit from doing business with them?
Identify the products and services your sources offer that you want or need–or the purchase of which might benefit your business in the long run.
Are you buying products and services from people and organizations that see you as an individual? Do the people you buy from know your name and think of you as their customer? There’s a big difference between being a customer of Sears and being a customer of Joe’s Shoe Store.
Use your purchasing power in a way that gives you more benefits and builds relationships. Buy at least half of your products and services from people you know; however, don’t do it in a way that makes them feel obligated to buy things from you.

1Jun2010

It’s Not WHAT You Know, But WHO You Know–True or False?string(67) "It’s Not WHAT You Know, But WHO You Know–True or False?"

How many times have you heard the phrase “It’s not what you know, but who you know” when it comes to determining success?? I’m willing to bet that over the course of your life to this point, you’ve heard it a lot. Do you think it’s true? Well, it’s not–it’s false. It’s not what you know, or who you know–it’s how well you know them that really counts.

Here’s the difference. How many people do you know? Open up your e-mail address book and count the names. You know as many people as are listed n your e-mail address book and probably a lot more. Now, reach into your pocket and pull out your car keys. How many of the people you know would you hand your car keys to?

Surely, now you understand that the importance of how well you know a person. A contact is a person you know but with whom you have not yet established a strong relationship. A connection, on the other hand, is someone who know you and trusts you because you’ve taken the time to establish credibility with that person.

Your network must not only be broad but also deep. When you rely on others to cross-market your business or promote your program to a client, you’re not asking a simple favor. For true referral networking, you need relationships that are deeper than mere contacts; you need strong connections, established well in advance.

So, beginning this week, focus on taking the time and energy to cultivate deep relationships by giving your referral sources anything and everything you can to help them succeed. These will be the relationships you can count on when you need powerful connections because it really isn’t what you know or who you know–it’s how well you know them, how well they know you, and how well they know the people you want to meet.