by Lee Abraham
I’ll admit it. It took me a while to figure out this networking thing. Especially the value of meeting with other people face to face. Here’s the story. Way back in the mid ‘90s I was invited to join BNI (Business Network Int’l), a structured networking group to help grow my business. I was intrigued. And then I was told the group got together once a week to pass referrals.
At the time, I owned a Real Estate Appraisal company in Las Vegas and was busier than Ryan Seacrest on American Idol’s “Elimination Night.” Let’s just say I had my hands full with a few difficult and colorful authority figures (Loan Officers instead of judges) and other peoples’ desperate situations (Borrowers rather than contestants).
And although I had more work than I knew what to do with, I was changing my Target Market from the oppressive management style (“hit” the value or we stop sending you work) of the Banks and Mortgages Companies to the more intellectually rewarding practice of appraising for Lawyers and serving as an Expert Witness on a variety of Real Estate related lawsuits.
Bottom line: I needed help reaching out to the legal community to expand my client base. And the person who invited me to join BNI was one of the top Real Estate Attorneys in town. Can you say: mixed emotions? Yes, I liked the idea of networking, and I really wanted to build a relationship with this Attorney, but it was the once a week meeting that rubbed me the wrong way.
Admission of guilt: I didn’t see the point of getting together so often. After all, if I had something to say to someone in the group I could just call ‘em up and take care of business… right? Wrong! Motivated but under duress, I went through the motions. Guess what? The emotions followed. And so did the referrals!
Basic Etiquette 105 – Attendance at weekly networking meetings are critical to benefiting from a structured networking group.
Let’s face it, a lot of people expect to join a networking group, show up, tell the members about their business and then sit back and watch the referrals fly in.
Sorry to burst your bubble, but success in networking requires time and energy. Why? Networking is all about relationships. Plain and simple. And nothing builds a relationship better than face to face interaction.
VCP Process®
Your first goal in a structured networking group is to achieve Visibility: people know who you are and what you do. From Visibility you reach for Credibility: people know you are good at what you do. And finally, the ultimate goal is Profitability: people send you business because they like you, trust you, and know you will make them look good in the eyes of the person they referred to you.
Coined by Dr. Ivan Misner, founder of BNI, these three stages of relationships among networking partners is known as the VCP Process®.
Trust me, you will not achieve VCP with your networking partners by sitting in your office on the phone and internet all day. If you are serious about building a referral network to grow your business, you need to invest time and develop relationships getting to know, like and trust your networking partners. Oh yeah, they need to get to know, like and trust you as well!
Don’t have the time? Let me ask you this. If your very best client asked to meet with you once a week as a prerequisite to sending you an ongoing stream of business would you find time? I’m betting you would. Write this down: Treat your networking group as your best client and it will be!
Build a Bridge, Get Over It
OK fine, I hear you. You just can’t make every single meeting.
From vacations and business trips to your child’s first Piano Recital and medical emergencies, life happens. Hey, get over it! Everybody’s got life happening, not just you. Like a wise man once said, “It’s not what happens in life that makes you successful, it’s how you respond.”
Let’s cut to the chase. We are talking about priorities and levels of commitment. Nobody expects you to be at every single meeting. That would be unrealistic. The answer? Find out next time with our discussion of having a substitute represent you at meetings you can’t attend, when our adventure in networking continues… Follow me on Twitter!
Posted by Lee Abraham
By Lee Abraham
Contact Spheres: Creating Golden Goose sources for ongoing referrals
For starters, the badge has a dual purpose. An easy ice breaker with your name and business for open networking and Visitors at your networking meeting, the badge also confirms an impression to Visitors that your group is organized and focused.
The Extra Mile
And important. But Power Team bling gets more done. Got flair? Wear both badges! Take a risk: be excited! Or take a bigger risk and keep yourself and your networking group a secret. The choice is yours.
by Lee Abraham
how the heck can you reach Credibility, and ultimately Profitability, with people you’ve never met, and in some cases, have never even spoken to?
Twitter is a mass text messaging service where you send updates to ‘Followers” who “Opt In.” Let me reiterate: Followers choose to follow your footsteps, and in the bargain, smell what you step in. At least online.
but people only care about
Sharing a similar experience, congratulating an achievement, agreeing or disagreeing on an opinion, or whatever, as long as you are interacting, you are working toward Visibility when you reply to another Tweeter.
In other words, they like what you have to say and pass along your message and contact info to all the people following them. And if some of those people do the same, now you’ve got the Viral word-of-mouth campaign that lures millions of business people online every day.
“Lifestyle Money” is the new buzz. Check around. You will find that blending an income stream seamlessly into your current lifestyle is the business model of choice for today’s leading edge wealth builders.
with the matching bath robe while coaching your sales force or placing product orders with HQ? Go for it! Need to walk the dog and get on a corporate conference call at the same time. You can!
In other words, the Power Team needs to know how to quickly tell a prospect why you are the only person they need to talk to for your particular product or service. And in your case, that includes people who are looking for another stream of income and a home based business!
Make no mistake, working with a product line you believe in and use regularly is mandatory for building an MLM business with Power Team networking.
Dr. Hugh Needatwist is a Chiropractor who built his business with word-of-mouth referrals. Same with Manny Goodbuys, the Realtor in his Power Team business network.
“Yes, as a matter of fact, I do. Dr. Hugh Needatwist is great! He’s the only Chiropractor I let work on me on my family. He’s not only a really nice guy, he’s very good at what he does. Here’s Dr. Needatwist’s card. Would you like me to have him give you a call?”
Manny asks. “I’ve seen my Chiropractor, Dr. Hugh Needatwist, help lots of injured people get out of pain. In fact, I see him myself. He’s very gentle and can help you feel better without prescription drugs. Would you like Dr. Needatwist’s card or can I have him call you?”
“I do a lot of networking with a terrific Chiropractor named Dr. Hugh Needatwist,” Manny says in an enthusiastic tone. “In fact, he’s the only Chiropractor I let work on me and my family. Doc Needatwist is just a really nice guy and he’s very good at what he does.”
Creator: – Proactive Bragging Buddy recognizes and approaches a Golden Goose source of ongoing referrals for the Power Team.
Power Team networkers know that building a business with word-of-mouth referrals is more about “farming” than “hunting.” More about nurturing relationships and cultivating credibility over time than the one-and-done, churn-and-burn cycle of today’s hype driven mass marketing.
continue to overlook, starts by setting your networking radar to alert you when you come across, or hear about, anyone in the Six Key Situations:
that consistently turns into business for your Power Team depends on how well you know your Power Team and how strongly you believe their business gives value to the prospect in the any of the Six Key Situations.
In fact, they are so simple, and so powerful, I need to let the smoke clear so we can ask questions first and shoot bullets later, next time, when our adventure in networking continues…