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	<title>Referral Formula &#187; small business</title>
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	<link>http://referralformula.com</link>
	<description>"Beyond Networking &#38; Word-Of-Mouth!"</description>
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		<title>Referral Intent</title>
		<link>http://referralformula.com/referral-system/referral-intent.html</link>
		<comments>http://referralformula.com/referral-system/referral-intent.html#comments</comments>
		<pubDate>Mon, 02 Mar 2009 15:40:01 +0000</pubDate>
		<dc:creator>Referral Formula</dc:creator>
				<category><![CDATA[Business Networking]]></category>
		<category><![CDATA[Referral System]]></category>
		<category><![CDATA[networking]]></category>
		<category><![CDATA[Referral Cards]]></category>
		<category><![CDATA[small business]]></category>

		<guid isPermaLink="false">http://referralformula.com/?p=23</guid>
		<description><![CDATA[To some people, the &#8220;Swap &#38; Drop&#8221; referral method described in the previous article may have read like a lesson in shameless manipulation. After all, it looks like what I am doing is this: Asking people to call me back because I might have a referral for them and proceeding to sell them my services.
Did [...]]]></description>
			<content:encoded><![CDATA[<p><img class="left frame" title="Handshake" src="http://referralformula.com/wp-content/uploads/2009/03/handwhake.jpg" alt="Handshake" width="168" height="112" />To some people, the <a title="Swap &amp; Drop" href="http://referralformula.com/referral-system/what-i-hate-about-business-networking.html">&#8220;Swap &amp; Drop&#8221; referral method</a> described in the previous article may have read like a lesson in shameless manipulation. After all, it looks like what I am doing is this: Asking people to call me back because I might have a referral for them and proceeding to sell them my services.</p>
<p>Did you think that was a little manipulative?</p>
<p>C&#8217;mon, admit it! Did you?</p>
<p>If so, you completely missed the point.</p>
<p>If you were to try to manipulate your contacts using this Swap &amp; Drop approach (&#8221;swap&#8221; your business cards with them, then &#8220;drop&#8221; a special kind of a greeting card in the mail), you wouldn&#8217;t be able to get far. People are quite savvy and can see your plot right through.</p>
<p>The reason this method worked for me was because of what I call <em>The Referral Intent</em>. Simply put, I really did want to find out more about them and find a way to help them.</p>
<p><a title="Zig Ziglar" href="http://www.ziglar.com/" target="_blank">Zig Ziglar</a> says that you can have anything you want in life as long as you can figure out a way to help other people get what they want.</p>
<p>Well, that is absolutely true.</p>
<p>Business owners and professionals attending networking meetings want referrals. This is obvious: They all do. That&#8217;s why they invest their time and money to go there. And most of them leave these networking meetings disappointed by the lack of results.</p>
<p>If you can find a way to plug them into your own network &#8212; however small that network may be at the moment &#8212; you will start building a relationship of trust, which will eventually result in more referrals for you.  And how can you refer them if you don&#8217;t know that much about them or their business? That&#8217;s why it&#8217;s critical that you meet with them in person or on the phone and get to know them.</p>
<p>Alas, the technique that I gave you last time can be used to manipulate people. And some lowly life form of a salesperson may try that only to discover that this approach backfires and ruins their business &#8212; and rightly so.</p>
<p>I suggest you use it to add value to your network.</p>
<p>It&#8217;s your intent that defines the outcome.</p>
<p>I gave you the tool. Now it&#8217;s up to you to decide how you are going to apply it.</p>
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		<title>What I Hate About Business Networking</title>
		<link>http://referralformula.com/referral-system/what-i-hate-about-business-networking.html</link>
		<comments>http://referralformula.com/referral-system/what-i-hate-about-business-networking.html#comments</comments>
		<pubDate>Wed, 25 Feb 2009 14:45:50 +0000</pubDate>
		<dc:creator>Referral Formula</dc:creator>
				<category><![CDATA[Business Networking]]></category>
		<category><![CDATA[Referral System]]></category>
		<category><![CDATA[networking]]></category>
		<category><![CDATA[Referral Cards]]></category>
		<category><![CDATA[small business]]></category>

		<guid isPermaLink="false">http://referralformula.com/?p=19</guid>
		<description><![CDATA[A personal story&#8230;  I thought it was about time I gave you one.
Business networking is something a lot of people love to hate: It is time-consuming, expensive,  and in most cases very inefficient.
I can bear the &#8220;time-consuming&#8221;&#8230;
I can even live with the &#8220;expensive&#8221;&#8230;
If &#8211; and it&#8217;s a big &#8220;if&#8221; &#8211; it produces results!
&#8230;
Which [...]]]></description>
			<content:encoded><![CDATA[<p><img src="http://referralformula.com/wp-content/uploads/2009/02/people-boomers.png" alt="Business Networking" title="Business Networking" width="185" height="219" class="left frame" />A personal story&#8230;  I thought it was about time I gave you one.</p>
<p>Business networking is something a lot of people love to hate: It is time-consuming, expensive,  and in most cases very inefficient.</p>
<p>I can bear the &#8220;time-consuming&#8221;&#8230;</p>
<p>I can even live with the &#8220;expensive&#8221;&#8230;</p>
<p>If &#8211; and it&#8217;s a big &#8220;if&#8221; &#8211; it produces results!</p>
<p>&#8230;</p>
<p>Which it typically doesn&#8217;t.</p>
<p>Most people who attend networking meetings are only interested in themselves. They don&#8217;t care about your product or service; they just want  to pitch you theirs.</p>
<p>Now, for the record, I am not opposed to  networking: I am a member of the Rotary Club,  I am a Toastmaster, I visit various Chambers  of Commerce and Boards of Trade. I have and still do belong to several business networking groups. I also go to a number of  industry shows and events.</p>
<p>So I am not anti-networking.</p>
<p>What I am is&#8230;  anti-networking-with-no-results-to-show-for-it.</p>
<p>Here&#8217;s how I went from networking with no  results to networking that produces a constant,  predictable and measurable inflow of prospects  for my business.</p>
<p>I attended a breakfast meeting at the local Board of Trade.  They had the usual: 30-second presentations  by all businesses in attendance, the cookies  and the coffee, followed by &#8220;natural&#8221;  networking.</p>
<p>I met 13 new people at that meeting. I came  back to my office with 13 new business cards in hand.  Once I entered all these contacts into my list,  I sent them a simple greeting card that said this:</p>
<blockquote><p>Dear [name of the person],</p>
<p>If was nice meeting you at the networking breakfast earlier today.</p>
<p>I really enjoyed our conversation about [topic we have discussed]</p>
<p>I&#8217;d like to learn more about your business so as I could know who is a good referral for you. Please call me at (000) 000-0000 when you receive this card. </p>
<p>Thank you &amp; I look forward to speaking with you.</p></blockquote>
<p>One week later, 6 people called me to thank for the card I sent them.</p>
<p>Let me tell you something important about my business: It DOES  matter who calls whom first. In this case, they  called me, something that has never happened  before!  6 people out of 13&#8230; that&#8217;s 46%! Not too  shabby in my books. With such a response rate,  this is serious business.</p>
<p>And as of the time of writing this, out of these  6 people, 2 became clients and one has referred  a number of other businesses to me.  2 out 6 is 33%! Any way you slice it, it&#8217;s a  fantastic ratio.</p>
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