thanking referral partners | Dr. Ivan Misner®

The 2020 International Networking Week ® is an initiative of BNI®. It is an opportunity for business owners to show appreciation for their valued customers and contacts from networking.

This will be a week of global recognition and gratitude from February 2 through 8, 2020 to thank those business owners who have helped you to grow your business while networking. Furthermore, this year’s action item is to recognize and thank those people in your BNI chapter, chamber of commerce, and other networking organizations. Take a moment to say, “Thank You” in person, in your meeting, and on various social media platforms.

The focus of International Networking Week is to bring together representatives of government, businesses and community leaders from around the world to network and to recognize the power of networking. Speakers will offer advice and information on how businesses can grow and succeed through good networking practices.

The 13th Annual 2020 International Networking Week is just around the corner. Therefore, it’s time to build your powerful personal network now. Invite various business owners who have helped you to grow your business to your BNI chapter or to your networking mixer. Invite them to network and to recognize the power of networking from February 2 through 8, 2020. Check out the promo video for the 13th Annual 2020 International Networking Week. Please use the hashtag with your photos and posts: #INW2020

The 2020 International Networking Week theme is “One Million Thank Yous”

Expressing gratitude completes the feeling of connection. Many people in your life have helped you in one way or another. Therefore, have you thanked them? Consider sending a letter to someone telling them what their actions meant to you, even if—especially if—it happened long ago. It costs little or nothing. Furthermore, it almost always follows suit that they will demonstrate their gratitude for what you do.

When you show an interest in others by noticing the good things they’ve done; they will be drawn to you like a magnet. Therefore, it will accelerate the relationship-building process and enhance their overall impression of you.”

In conclusion, the goal of International Networking Week is to celebrate the key role that networking plays in the development and success of businesses across the world. Networking events are being held globally to celebrate International Networking Week. For more information about these international events during the first week of February or to promote your local networking event on our 2020 International Networking Week website please see: internationalnetworkingweek.com

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!