Networking – It’s More Than Just Talking Business

In a networking group, you should talk about more than just business. A referral relationship is more than just, “I do business, you do business, let’s do business.” A much better approach is to find common ground on a personal level, then relate your business to it.

The longer I’ve been involved in networking, the more I’ve seen the power of personal interests in making connections. Networking is about building personal relationships. If you remove the personal from the equation, you limit the amount of business that can happen.

In one networking group I worked with, I introduced an exercise called the GAINS Exchange, in which people share personal and professional information about themselves. Two of the participants in this group had known each other for more than a year but had never done business. During the exercise, they discovered they both coached their sons’ soccer teams. They quickly became close friends and were soon helping each other conduct soccer practices. After a few months, they began referring business to each other–two guys who had barely spoken to each other the first year because they seemed to have so little in common.

By finding a common interest and starting with that, we can make connections that have a very good chance of turning into business. Try this strategy out for a while and then come back and leave a comment to let me know what your experiences have been – I’d love to hear about them!

Contributed to Entrepreneur.com by Dr. Ivan Misner of BNI

Keith Ferrazzi again imparts his wisdom on the subject of effective networking strategies:

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Enjoy the following video by Keith Ferrazzi, author of ‘Never Eat Alone’

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What do you think? Is the investment worth it? Have you seen measurable results from your networking time investment? Comment below and let me know your thoughts.

How to Look Like Less of a Jackass at Lunch Meetings

This is a pretty simple post in what might become a series (depending on the response).

As a freelance designer I work from my home (as I’m sure many of my readers do as well, even though many aren’t designers). As I’d like to make a good impression on all of my current and potential clients, I don’t invite them into my house when we have to get together to discuss a project. It’s just unprofessional.

So I’m often meeting clients for lunch. Over the years I’ve learned a few things about lunch meetings, some I’m sure you’ve heard, others I’m sure you haven’t. Just thought I’d take a few moments to share some of my secrets on how to avoid looking like a jackass during lunch meetings.

You Can Eat – But Eat Light

I don’t agree with all of the commentary I’ve seen suggesting that when on a lunch meeting you shouldn’t eat at all. I’ve been on both sides of the table. I can tell you that if I’m a buyer, I like it when the vendor I’m working with isn’t all business. Idle chit chat is nice, but nothing says informal meeting quite like shoving a sandwich into your face.

But don’t overdo it. You don’t want to look like a jackass, after all. A couple foods to avoid would be … Read the rest of this entry

Getting The Word Out About Your Business

Long overlooked in favor of other forms of marketing, word of mouth is back in a big way, and is a sure way to kick your sales into high gear if you do it effectively.

Word of mouth has always been a source of business—in fact, at one time, it was the only way that people found out about a product or service. Long overlooked in favor of other forms of marketing, word of mouth is back in a big way, and is a sure way to kick your sales into high gear if you do it effectively.

Virtually every business owner understands the role that word of mouth plays in their growth. Very few, however, think of it as something to proactively manage to capture sales. Some people think of it in only in terms of customer service: Customers who are happy will pass your name along to others because they’re just so darn happy.

Think about it, though. Do your happy clients talk spontaneously about your company to their networks? Not likely. It’s the unhappy customers who most often do the talking. In terms of customer service, the kind of word of mouth we are most concerned about is the negative kind, not the business-building kind.

Another off-base idea that business owners have about word of mouth is that it is a natural force, something that has a bearing on the business but over which they have little control. Here are some proactive ways to increase word of mouth about your company, products and services:

Read the rest of this entry

New Tools Add To Twitter’s Networking Potential

Twitter itself is pretty simple, but as the site continues to boom in popularity, 3rd party sites/tools are popping up like kudzu in the South.  And many offer a great deal of potential for helping you tap into the networking ability of Twitter.

With the economy as bad as it is, many of us need all the help we can get in putting us in contact with people that can help us grow our businesses.  Here’s some sites/tools I’ve noticed recently that help you utilize Twitter to its fullest as a networking tool:

Twitter Local – TL is a 3rd party client that lets you see tweets from Twitter users based on location.  This is also great to cover a breaking news event in a certain location.

Get Marketing with the Pros and see immediate results

Twellow – Twellow shows you Twitter users organized by their industry.  This also helps you answer the ‘who should I follow on Twitter?’ question. Read the rest of this entry

Business Networking – 3 Powerful Ways to Gain Clients with Business to Business Networking

Have you been networking and not getting many new clients?

Business to business networking is one of the most powerful ways to gain new customers. But not all networking is equally effective. You can dash from one networking event to another, spamming people with your business cards, and end up tired and frustrated.

To get new clients from networking, you have to know where and how to network. Here are three tips for networking that brings results:

1. Find the right network. Are you looking for business from small business owners, or large corporations? Do you specialize in a specific industry, such as financial or healthcare? Finding the right network is crucial to making connections that bring you business. Otherwise you can spend a great deal of time connecting with the wrong market.

2. Invest in your network. Once you find a great network for you, invest time and energy in it. Join the executive, volunteer to help with fundraisers, and invite individual members for lunch or coffee. People join these organizations because they want to connect. Go with the view of helping people in the network, and they will help you as well.

3. Have patience. If you are networking with people from large organizations, it takes a great deal of patience and persistence to get work. Eventually it pays off, often when you least expect it to. For example, I met a director of corporate communications from a very large company who said she needed a freelance writer in my field. She gave me her card and asked me to call her. After many phone calls and a few e-mails that received no answer (but leaving phone messages only occasionally) I was about to give up when she actually answered the phone. This lead to a meeting, and a great deal of ongoing work with this company.

Networking is a business tool that works when you do it properly. It’s more effective than cold calling, and a lot more fun as well!

5 Reasons Why Relationship Marketing Is Your Key To Unlimited Success

Relationship Marketing. If you are in business, then chances are you have heard this term. What does it mean? I am going to quote my friend and relationship marketing expert Bob Burg and say that the definition is: “The cultivating of mutually beneficial, GIVE and take, win/win relationships.” Now, Bob has used this definition when talking about networking in general, but I think it applies here equally as well. You see, relationship marketing, or referral marketing (which I use interchangeably) is about building relationships, not selling. When you place an ad, you are selling, but when you place a phone call and ask about someone’s family, you are using relationship marketing. See the difference? As you build and cultivate these relationships, you are becoming someone that the other person truly knows, versus knows about. Again, to refer to Bob Burg in his infinite wisdom, “All things being equal, people will do business with, and refer people to, those people that they KNOW, LIKE, and TRUST.” Remember that quote, and LIVE it. Don’t just do something because it will work, do it because it is the right thing to do…that will bring you true long term success.

Ok, now that we have that out of the way, on to the list! I believe relationship marketing is truly the king of marketing, and if done correctly, will allow you virtually unlimited success. Here is why:

1. Practicing relationship marketing removes client objections- Think about one of your good friends for a minute. If they sold a product or service you needed, would you choose to do business with them, or someone you didn’t know? How about if the person you didn’t know offered that product or service at a slightly lower price? If you are like most people, you value that relationship more than the few dollars in price difference. This holds true for other objections as well. Establish a solid relationship, and you will get more business and more referrals from that person.

2. Relationship Marketing is more inexpensive than virtually any other marketing activity-How much does it cost to have a conversation? Nothing. That is the cost of relationship marketing. Keep in mind that I am talking about acquiring clients, but perhaps even more importantly, building the relationships with referral sources. The same principles apply to both and while developing a great relationship with your clients is vital, doing so with other business owners and potential referral sources can really explode your income. Read the rest of this entry

One of the best networking books I’ve come across is The Go Giver by Bob Burg and John David Mann and it gets our highest recommendation. This easy to read book does an excellent job of illustrating through parable, the new school approach to networking and building relationships.

Providing value first and foremost before ever expecting anything in return, be it business referrals or otherwise, is crucial in developing long-term business relationships.

Please watch the video book review below by Benjamin Bach