networking education Archives - Page 3 of 3 - Dr. Ivan Misner®

Guardian at the Gate

When I started my first business, I knew I wanted referrals to play a key part in my overall growth strategy, and I began to realize I wasn’t the only one trying to get more sales through referrals.  A lot of other business professionals were trying to do the same thing.

So I thought, “What if I became the hub?”  If all the other people out there were trying to do the same thing as I was, why couldn’t I position myself as the gatekeeper of sorts between other people’s networks? Then, if someone was buying a new home and needed a real estate agent but didn’t have one in her own network, she would come to me and see whom I knew.

How did that help my business?

1.  It encouraged me to continue building and deepening my relationships with others, even if I didn’t think they could help me right away. Our natural tendency is to nurture relationships with those we feel can help us the most. But the fact is, we never know whom another person knows, so we should take every opportunity to build relationships with all those we make contact with.  Bob Smith might not be a good referral partner for me, but he could be ideal for Jane Doe, another person I know.

2.  Becoming a gatekeeper had a positive effect on my credibility. I wanted to be the go-to guy in the business community–the person others came to if they needed a referral for anything.  This meant that I would be deepening relationships with people I might not otherwise have gotten to know.  Since people do business with the people they like and trust, whom do you think got their referrals when they needed someone with my products and services? . . . Bingo! 🙂

When you’re networking, make an effort to build relationships with people who may be good referral partners for others in your network, and try to connect them with each other.  I guarantee if you do this consistently, you’ll get more referrals in the long run.

Businesses Say Networking Helps Them Succeed; Professors Have to Look up the Term Networking!

My recently completed Referral Institute study of more than 12,000 business professionals from all around the world has ended, and I’ve been going through mountains of statistics and data (oh joy).  I thought I might share an important one with my readers.  This statistic will not surprise anyone in the real world (yes professors, I’m saying you live in a fantasy world):  91.4 percent of all respondents claimed that networking played a role in their success.  Only 6 percent said it did not, and I’m guessing that the 2.7 percent that said networking wasn’t applicable were the professors I just outed as being clueless about the real world.  If you think I’m being harsh, read my blog about my experience with the dean of a local California University who said that networking would never be taught in his school!

OK, so the rest of us aren’t surprised about this result, but here’s why I posted it: Finally, we have some empirical data as to how important business networking is to the success of a business! Maybe now that we are starting to have something boring–like  hard data– more professors in business schools will start to teach this content.  Oh well, it’s good to have goals.

Happy 21st–How To Work A Room (R)!

I’ve mentioned my good friend Susan RoAne’s networking books in a few of my previous blogs because her content is not only invaluably effective and simple to implement, it’s also a real treat to study because she’s hilariously witty and it shows in her work.

If you haven’t yet checked out any of Susan’s networking content, now is the perfect time to start.  Susan’s bestselling book How To Work A Room has just turned 21, and the information it offers is timeless. In fact, it’s actually even more important now than ever.

In fact, Susan began designing networking workshops in the early ’80s when, due to the down economy, she was one of 1,200 San Francisco teachers who were laid off.  Her material is specifically relevant to those who want to generate business through networking despite economic downturns, and I don’t know anybody who couldn’t benefit from that information currently.  Through her workshops, Susan ended up not only helping her peers get back on their feet financially, she also ended up writing her first book based on her most popular workshop.

Now her first book, How To Work A Room, has been in bookstores for more than two decades, has sold over a million copies worldwide and is now in its third edition.  Susan is constantly asked to give her keynote presentation based on How To Work A Room at various meetings, conferences and conventions across the globe. If you ever have the chance to attend an event where Susan is speaking, take it! Don’t take my word for it though: Grab a copy of How To Work A Room and, after you read it, I’m willing to bet you wouldn’t have to think twice about going to any event where Susan is scheduled to speak. 😉

Click here to go to the How To Work A Room Twenty-One and Timeless page where you can find out more about Susan, the book and about how to purchase the book online.

If you’re familiar with Susan’s networking material already, I’d love to be able to pass your comments along to her about how she’s helped you become a better networker, so feel free to post your comments here!

Simple Recognition Is Sometimes the Best Reward

Rather than receiving a finder’s fee, for most referral sources  it is more important to be recognized as a person who can direct others to the goods and services provided by skilled, highly competent, trustworthy people.

Over the years I’ve witnessed time and again that most people will do more for simple recognition than for money. However, for those who expect a finder’s fee, this is a good thing to know in advance if you want to keep the relationship healthy, active and profitable.

You will find that different motivators will inspire different members of your referral team, and this is a matter in which understanding the various behavioral styles of people can be helpful.

People who are embarrassed by being in the spotlight, even for accolades and applause, might prefer their rewards low-key and private–perhaps a simple thank you or an evening cruise on your boat if you are a boat owner.  Those who like public recognition might prefer seeing their name showcased on your bulletin board.  Still others may be more highly motivated by an inexpensive but thoughtful gift than by a more substantial cash reward–a bottle of wine from a winery near their hometown or a coffee table book about their favorite travel destination.

The point is, simple recognition really resonates with most people and, more often than not, simply recognizing people in the way they prefer to be recognized is a far better reward and incentive for them to refer you to others than offering them a cash finder’s fee.

If you’re in the habit of recognizing people as a way of thanking them for referrals, please leave a comment about what’s worked for you and even what hasn’t.  Then check back next week to read my story about a way in which someone recognized me that kept me motivated to refer that person over and over again!

Ask Me A Question . . . C’mon, Any Question!

OK, wait, let me rephrase that . . . ask me any business networking question–not just any question. If you’re thinking along the lines of embarrassing moments and possible blackmail material, then you’re out of luck on this one ( Sorry, I’ve still got disclaimers on the brain after my blog about the legal system! :))

Anyway, I’m happy to announce that AskIvanMisner.com is now live, and this is your chance to ask me any question you have about how to build your personal and professional network.

On the third Tuesday of each month, beginning on Nov. 17 (10 a.m. Pacific/1 p.m. Eastern), I’ll be conducting a FREE, live teleseminar, co-hosted by my friend Alex Mandossian, where I’ll answer a handful of questions selected from those submitted on AskIvanMisner.com.

I’m encouraging anyone and everyone to log on and submit a question for me. You’ll be given the call-in number once you’ve submitted your question, and it’s perfectly fine with me if you invite any of your friends and/or business colleagues to join the FREE calls as well.

I’m looking forward to reading your questions, so log onto AskIvanMisner.com now and ask away!

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