Master The Power Of Referrals
Forbes
Is there anyone they might recommend? Dwain told me that the last time he did this, three companies gave him some extended work. LinkedIn LinkedIn is a great referral network.
Scooped by
Barry Deutsch
onto Leveraging LinkedIn for Success June 16, 2013 9:20 PM
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I recently made the following comment on Lois Geller's blog post about mastering the power of referrals. Here's the comment I posted:
Lois makes a number of excellent points about leveraging networking, using speaking engagements, connecting on LinkedIn, and working events.
For the business service provider - consultants who provide a wide range of services including recruiting, legal, benefits, strategic planning, executive coaching, and marketing - referrals is the lifeblood of most success folks.
90% of my business comes to me through a referral. Rarely do I gain a piece of business from a complete stranger. I've spent the last 30 years building, nurturing, and developing a network that today produces an "annuity" of revenue every month due to referrals coming out of that network.
The problem is that most service providers are terrible at networking and obtaining referrals. They don't know how to make a referral, they don't reciprocate to their referral sources, they don't know how to leverage LinkedIn which recently reached a critical mass for networking, and perhaps most importantly, the don't know how to continuously provide great value to their entire network.
Here's my challenge to most professionals and consultants providing a business service: what's your written plan for overcoming being "unconsciously incompetent" or what Covey called "Sharpening the Saw?"
Barry Deutsch
Master Coach for Teaching Vistage/TEC Companies HOW TO drive Sales Through Social Media
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