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Business Builder #4: Creating your Referral-based Network

businessbuilder.jpg

When you are focused on building your business, it’s easy to get carried away into thinking your task is to contact every single client in the world who will use any or all of your services.

Snap yourself out of generalized thinking!

The more specific you are about the type of customers you work with, the easier it will be for you to find those customers!

In great detail, use your imagination to develop your ideal client. How are they? What types of issues are they having. How are they feeling? How do you step in and assist them? Where do they live? Where do they work? What type of organization or company are they in? What role do they play?

As you develop this Ideal Client Template, you’ll be able to be more specific about if a propsective client fits that template. If not, they’re not your client! They’re someone else’s client.

Follow your gut instinct in this regards, as you will usually be able to tell within a few minutes if someone is a good fit for you or not.

For example, if you’re representing a catering company, and you’ve made a commitment to serve large banquet-style events at workshops for Silicon Valley-based tech companies, then your friend’s cousin’s garden wedding for 20 people will not fit. You might take that job, but you will at least know that this is not a correct fit for your ideal client.

As you develop more clarity about your Ideal Client template, you will find the supporters who will refer these clients to you. Who do you typically work with as a natural fit to your business? Identify your business associates and develop your circle of connectors to branch out into a wider world of potential customers.

worktogether.jpgFor example, a typical circle of people who naturally refer business to each other are a financial planner, an estate-planning attorney, a CPA or Enrolled Agent, a life insurance salesperson, a real estate agent, a mortgage specialist, and a health insurance specialist. If you are one of these types of people, you will want to develop your own circle of connectors. Find one or two good, solid, trustworthy professionals in each of these fields. As you work together, you will find that you provide better service, and meet more people, through each other’s book of business.

As you develop a tight group of people who look out for each other, share leads, and provide specific types of assistance to specific types of clients, you will all provide a higher level of service because the transition from one professional to the next is smooth.

Here are some ideas for organizations where you will meet and find your own circle of connectors:

BNI (Business Network International)
NAWBO (National Association of Women Business Owners)
Women’s groups
Topical groups
Trade associations
Book clubs
Alumni groups
Volunteer boards
Community events that you help organize
Places of Worship, if you already attend
Sports groups
Mom’s groups or parent’s groups
School groups
Art clubs
Dining groups
Garden groups
Other hobby-related groups

I also recommend you take a look at some of the social networking sites, such as
LinkedIn linkedin.com
Facebook facebook.com
MySpace myspace.com
YouTube youtube.com
Meetup meetup.com

Joining is a good way to meet online with people who share your common interests. Some of your connections may result in business transacted, so keep looking to build a strong network of associates.



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One Response to “Business Builder #4: Creating your Referral-based Network”

  1. Melanie Says:

    Thanks for all the tips. Building your network in business is definitely important! And as much as people despise MySpace, it is a great networking tool! It’s awesome to see that women are becoming more present in the business world :) If you or any women you know want to start their own business, there is a great contest going on called “Make Your Dreams Come True With Mirassou”. They will be awarding one aspiring business woman $50,000 plus a team of professional consultants to help kick start her business! Visit http://www.mirassou.com/women_in_business/dreams.asp for more info. The deadline to enter is December 15th, 2007. I work with them, so I just thought I’d give you the info!

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