|
|
|
|
|
|
|
|
|
|
|
Earlier today I was helping a client develop a better strategy to generate more referrals from local businesses. While that particular client owns an orthodontic practice, the ideas I gave him will work equally well in your business.
Before I tell you the specifics, let's first establish two premises:
1. Other entrepreneurs don't care about helping you as much as they care about building their own business.
2. In order to maximize the return on your time invested into networking with local professionals, you need to stop thinking one-to-one and start thinking one-to-many.
Keeping those two things in mind let's explore for a moment how most professionals approach building a strategic referral partnership.
The "let's have lunch" strategy.
Frankly I hate wasting my precious time on chit-chatting with strangers over a so-so meal. There is just too much involved for too little in return. There is coordinating of the schedules, commute time, schmoozing and "learning" about each other's business (most often it's like probing for the best way to squeeze in one's pitch for their service or product). Finally, after 45 or 60 minutes of this "conversation", comes the dreaded experience of soliciting referrals. It goes somewhat like this: "So, now that you know what I do, who do you know that you could send my way?" Yuck! This can be draining at best and un-dignifying at worst!
In any case, it's not something any self-respecting professional really looks forward to. What a terrible place to be in - expecting someone to trust us with their friends and colleagues because we did lunch together? Yeah, I know there is more to it, but play with me here for a moment, would you please?
The "let's do lunch" strategy violates both premises. One - you ask someone to care about you without offering much in exchange. And two ? doing it one-on-one takes a lot of time and effort for very little result. It definitely doesn't create much leverage and puts you in a position of a person asking for help ("begging" for referrals.)
So how do you get local professionals and business owners to happily refer to you their friends, patients, clients and colleagues?
Here is a strategy that works.
First, knowing that entrepreneurs are preoccupied with creating more success, increasing sales and profits and having more time off, make it your job to help them get what they want. Or more specifically ? help them get information that helps them get what they want.
Second, quit doing it one-on-one, and instead exponentially increase your visibility and leverage by bringing all your potential partners together.
Are you beginning to see what I'm talking about here? The strategy I have in mind is simple. Put together a small group meeting and invite a dozen or so of local entrepreneurs and professionals. One important detail - make the events exciting to attend. No one wants to show up for a 60-minute pitch for your businesses. Here are a few suggestions:
? Invite a local marketing expert to share a few tips on more effective promotional strategies.
? Bring in a real estate investment advisor who can teach professionals how to develop sources of passive revenue.
? Invite an asset attorney, who can talk about asset protection strategies for small business owners.
? Find a local "cash flow" game trainer to facilitate this fun game for your group.
? Once you get started, ask the participants of your group what they would like to learn more about and simply find a person who can teach on that topic.
Does it work? You bet! Because you follow both premises of good marketing: you care about them first and you leverage your investment of time, money and effort by introducing yourself to many people at the same time. You put yourself in a position of a trusted advisor, leader, someone who knows, cares and wants to help.
When members of your group come across someone looking for the type of service you provide do you think they will be more likely to send business your way or to someone who "begged" them for referrals over a lunch? The choice is clear, isn't it?
Are you thinking that it's too much work? Think again. Look at it this way: each lunch or "cup of coffee" meeting takes you about 3 hours ? and that's to meet just one person!
Doesn't it make more sense to take five to eight hours a month and organize just one meeting where you have eight to 12 people? And, remember this: hosting this small "entrepreneurs' forum" automatically gives you more visibility and positions you as a person with greater prestige and influence.
So what's next? I guess you have to pick the date for the first "entrepreneur's forum", and get busy sending out a few invites.
(c) 2005 Adam M. Urbanski
ABOUT THE AUTHOR
Adam Urbanski, the Marketing Mentor, helps Independent Service Professionals and Small Business Owners attract more clients. For more promotional tips and a FREE 32-page marketing guide go to http://www.themarketingmentors.com

Wind Chimes and more... "It's not what you know, it's who you know."This old... Read More Not all dot-com dreams died when the Internet stock bubble... Read More Hospitality relates to the Latin term philoxenia, or "the love... Read More Passive Income, residuals, royalties three ways to get paid multiple... Read More Sigmund Freud says "a person's name is the single context... Read More What is "the top" anyway? According to society, "top" has... Read More "If you build a better mouse trap - the world... Read More The most successful organizations have good communication skills. Survey after... Read More If you own a franchise you should be in contact... Read More Imagine you just met your ideal client at a networking... Read More What is the biggest advantage of forming an alliance?Everyone has... Read More While surfing for traffic or browsing your safelist emails, you... Read More Small businesses are really excluded from the global economySmall businesses... Read More June is reality check month. Lots of the resolutions have... Read More The StoryIn a quest to create strategic alliances, coalitions, and... Read More There are people who are natural born networkers - those... Read More What is the problem when people try to describe what... Read More The New Guy is a person we all know. And... Read More One of the best ways to get a referral is... Read More Why is it so important to network with other people... Read More Essential to your success as an effective, engaging communicator is... Read More Most people become lax at maintaining their professional business network... Read More Commandment 1LoveWhen we choose to simply love, our giving and... Read More How does one determine which are the best events to... Read More The Personal Touch 1There is a simple art to networking... Read More
Windchimes
for great gifts!
10 Steps to Successful Networking
Social Networking: A Link To Like Minds
The 4 Attitudes of Awesome Hospitality
The Quest for Passive Income
10 Effective Ways to Remember Names
10 Terrific Tips to Talk Your Way to the Top
Did You Market Yourself Today?
Talk Isnt Cheap
Franchisees Should Learn From Each Other
The Answer to Your Worst Networking Nightmare
Alliances: More Than A One Way Relationship
Your Front End
Increase Your Sales by 30% Using Internet Collaboration Networks
How to Keep from Sounding LIKE Totally Stupid
Lesson 69 - When Networking Events Fail
How To Make Your Next Networking Event A Success
Practice Makes Pefect
Hey, Whos the New Guy? How to Make Guests and First Timers Feel Welcome
Giving Referrals to Get Referrals
Networking in the Business world
Success Sentences to Help Combat Conversational Crappiness
Sharpen Your Business Networking Skill To Grow Your Small Business
The Foundation of Networking: Its Not Rocket Science
Which Networking Events Should You Attend?
Communication Is A 2-Way Street (The Networking Factor)
Many people associate alcohol with relaxation and fun, so it... Read More
Network marketing is the ordinary person's best opportunity to make... Read More
As a small business owner you may find yourself in... Read More
Passive Income, residuals, royalties three ways to get paid multiple... Read More
How's your relationship?I'm not prying into your personal life, so... Read More
Why is a network meeting the best place to get... Read More
You can find numerous references in the business literature about... Read More
Think about the last time you feel asleep behind the... Read More
Quote of the week"The answer is always no...unless you ask."... Read More
Right here in Europe, the very last continent to enter... Read More
Can we agree about the meaning of networking? I don't... Read More
It is important for you to join at least one... Read More
I recently entered the keyword "networking" into Google. In 0.13... Read More
Why business relationships are formed with certain people?If you go... Read More
Definition: talk idly or casually in a friendly way Value:... Read More
Whether you're an introvert or an extrovert, feel like you... Read More
Just yesterday I received an email from a colleague telling... Read More
Online networking has opened up some fantastic business opportunities for... Read More
Have you ever noticed how visible large corporations are? Take... Read More
The New Guy is a person we all know. And... Read More
If you have been in business for any amount of... Read More
Networking is often identified as a key business building activity... Read More
Networking is a term that didn't exist (academically) until almost... Read More
When it comes to quality, how do you choose the... Read More
It used to be that people said that there was... Read More
Networking |