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
![]() |
|
![]() |
|
![]() |
|
![]() |
Today's economy presents some very special challenges to people who... Read More
As a small business owner you may find yourself in... Read More
Why business relationships are formed with certain people?If you go... Read More
"What me? Sell myself? You have to be joking!"This was... Read More
If you have been in business for any amount of... Read More
"Fear not to entertain strangers for by so doing some... Read More
What is the biggest advantage of forming an alliance?Everyone has... Read More
How do you measure a group's worth to your organization?It... Read More
The StoryAs a child growing up, one of the many... Read More
For those of you interested in international business transactions or... Read More
What has networking got to do with joint ventures? "PLENTY"... Read More
The StoryWhen attending conferences, conventions, or private events, it's guaranteed... Read More
The New Guy is a person we all know. And... Read More
Do you use Ryze or LinkedIn to promote your web... Read More
Why would I pick this group over another group?How many... Read More
Generating new business leads is critical in your success, no... Read More
If you own a franchise you should be in contact... Read More
Networking is a great way to meet people in a... Read More
Ah, the personal touch that continues to make a big... Read More
What makes a good interest story?An interest story is just... Read More
Recently I was interviewed for a book on networking. My... Read More
My husband and I tried an experiment one night. We... Read More
Essential to your success as an effective, engaging communicator is... Read More
Hospitality relates to the Latin term philoxenia, or "the love... Read More
You can find numerous references in the business literature about... Read More
Your nonverbal communication talks before you do. Only seven percent... Read More
There are people who are natural born networkers - those... Read More
Do you enjoy one-on-one networking, however, the thought of walking... Read More
These Actions of Awesome Hospitality? will help you manifest the... Read More
June is reality check month. Lots of the resolutions have... Read More
Networking is probably the oldest, easiest, most effective and least... Read More
One of the most cost effective ways of generating leads... Read More
Passive Income, residuals, royalties three ways to get paid multiple... Read More
Commandment 1LoveWhen we choose to simply love, our giving and... Read More
Sigmund Freud says "a person's name is the single context... Read More
1. Recognise the importance of networkingAsk any successful business person... Read More
Networking: Is it who you know or what you know... Read More
The most successful organizations have good communication skills. Survey after... Read More
As a small business owner you may find yourself in... Read More
Some of the most successful businesses in existence today started... Read More
Think health articles are boring? This one isn't, so read... Read More
Have you ever noticed how visible large corporations are? Take... Read More
The process of finding out about a job, getting interviewed,... Read More
Can we agree about the meaning of networking? I don't... Read More
As a Young Professional (YP) in the up-and-coming city of... Read More
My husband and I tried an experiment one night. We... Read More
Networking is probably the oldest, easiest, most effective and least... Read More
When is it appropriate to volunteer to take a position... Read More
Why ask others for help and what do you gain... Read More
How do you measure a group's worth to your organization?It... Read More
If you own a franchise you should be in contact... Read More
What is the definition of a leads exchange and how... Read More
Did you know that contacts are the bread of career... Read More
One of the best ways to get business is through... Read More
You're terrible with names. You forget someone's name within ten... Read More
Passive Income, residuals, royalties three ways to get paid multiple... Read More
Network marketing is the ordinary person's best opportunity to make... Read More
What is "the top" anyway? According to society, "top" has... Read More
These Actions of Awesome Hospitality? will help you manifest the... Read More
Successful networking requires the understanding from the get-go that it... Read More
Many people associate alcohol with relaxation and fun, so it... Read More
When it comes to quality, how do you choose the... Read More
The festive season is a great time to sharpen and... Read More
Hospitality relates to the Latin term philoxenia, or "the love... Read More
Your nonverbal communication talks before you do. Only seven percent... Read More
For the self employed professional, nothing is more important than... Read More
Networking |