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Home Page › Companies & Business › Business Networks
 

Networking Strategically: How to Get the Ultimate Referral

 
Author: Scott Ingram

Dont be shy about it. Youre networking for a reason: You want more business.

By networking strategically you can get more business than you know what do with.

In order to network strategically youre going to need leverage. Before you can get leverage youve got to understand what youre trying to move, or in this case accomplish.

You must first very clearly understand who your target market is. Be specific as possible. Everyone or anyone is NOT a good answer. A service company within a 10 mile radius, with 5-10 employees, thats been in business for at least 3 years, uses xyz or abc Customer Relationship Management software and works with other small service businesses is a very good answer.

The ultimate referral is an introduction to someone who isnt interested in doing business with you. Instead they want to help their clients by referring you to them. Instead of getting a referral to one new customer theyre going to refer you to one new customer several times a month for years to come. Which would you rather have? 1 new customer that does $1,000 worth of business with you, or 3 new customers every month that each do $1,000 worth of business with you. Thats what youre looking for. Finding them and building relationships with them is your networking strategy.

Once you understand who your ideal customers are, think about who else works with that specific market. Do you know them already? Do you know someone else that already has a relationship with them? Where are they likely to be that you can have an opportunity to meet them? The easiest way might be to ask your existing clients to introduce you to their other vendors. This is a great way to demonstrate that youre competent and have satisfied clients who are willing to refer you.

This is not a process thats going to work overnight. First youre going to need to find these other vendors. Then youre going to need to build a very strong relationship with them, and earn their trust. Only then are you likely to get a stream of referrals from them.

The ultimate referral is a two way street. Its also the best way to build an incredibly strong relationship with someone. If rather than referring that one new client, you refer them to a complimentary service provider who can refer them to 2 new customers every week, you wont soon be forgotten.

Look for ways to leverage the time you spend networking. Search for opportunities to give others the ultimate referral. Network strategically and before you know it youll be experiencing your most profitable year ever!

Author Bio:

Scott Ingram

Scott M. Ingram is the founder of NetworkInAustin.com, a resource for networkers in Austin, Texas who utilize networking as a business development and marketing strategy.

Nearly all of Scott's personal and business successes can be attributed to the relationships he's built through networking. Even his future wife was referred to him by a fellow Rotarian!

Scott grew up in Orange County, California and spent most of his time in Southern California in the city of Fountain Valley where he attended High School and later formed his first business, an IT consulting company. His first foray into networking started when he joined the Fountain Valley Chamber of Commerce and become an Ambassador. He later served on their board of directors.

In 2000-2001 Scott was named Ambassador of the Year for the Newport Harbor Area Chamber of Commerce in Newport Beach, CA.

In 2004 Scott married his beautiful wife Emily. Shortly thereafter he sold his consulting company and they both moved to Austin, Texas. In Austin they purchased the Cafe Matisse which Emily manages while Scott is out networking.

As you can imagine Scott belongs to numerous organizations including:

The Rotary Club of Austin
Choose Austin First
Austin Independent Business Alliance
Bootstrap Austin
Young Texans Society
South Austin Network
National Business Exchange (NBX)
eWomen Network
Networking Austin
Breakfast Club of Cedar Park
Breakfast Club of Round Rock
Cedar Park Chamber of Commerce

Scott and Emily are both avid runners and are parents to 2 cats (Harold and Engelbright) and 1 dog (Caesar). They're expecting their first child, a baby girl, next January.

You can search for this article using: business to business network, business networking, network marketing business
 
 
 

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