Are you a lazy networker?  I find that most people who are networking for the purpose of getting referrals are actually pretty lazy. Few people do any real homework on their target market, have no clue who they want to do business with or be connected to, have no systems for tracking, and most never even bother to follow-up.

There are so many things that you have to do to get good referrals, but somehow there is a belief that if you run around and spew enough knowledge about what you do, then people will trust you and send you business. It is lazy person networking. Here is a list of things you must do to be able to get quality referrals from your network.

1. You must know your Target Market.  If you do not know who you want to do business with then you cannot expect others to know either, most of my clients find this the hardest thing to come up with. Anybody who needs,  is not a target market. Hire a professional to help you
2.  You must be willing to go out and find referrals for your network. Everyone I meet just wants to spend all their time talking about themselves and their business. It’s easier to talk about me then it is to learn enough from my network members and talk about them.
3.  Track your activities, your time, your money, and your results. If you don’t track how will you know what is working and what is not. Who is giving you referrals, when was the last time that you talked to your network members, how many referrals have you passed to your network? All of these are very important things for you to know about your activities.
4.  You might have to make it to meetings, some in the morning, afternoon or evening. So many people do not want regular appointments just in case they don’t feel like getting up and going. Heck it is easier to sit at home and network online, I can do that in my jammies after all.
5. Develop a system for follow-up, stop being lazy and just using email. Step out and make yourself memorable. Drop a post card in the mail,or mail a thank you note. It takes a little more time and work, but it does pay off.
6.  Get educated about good networking and referrals. Most people believe that if they walk around and give out enough cards and talk enough about what they do, they are building credibility. Nothing could be further from the truth! There are programs being offered all the time that will improve your ability to make more money, but few people are willing to commit the time or the money to go learn more so they can earn more. I cannot tell you how many times I have been told by business professionals say they don’t read.

 Trust is the first step in the referral process, you have to slow down and build trust. Yea that’s what I said. slow down! Take the time to get to know me, what I want, how you can help me and what is important to me. When you do that, you will find out that I in return will feel better about you and want to learn more. Trust and credibility cannot be rushed, it takes time and work….oops there is that word again.

]]> http://hazelmwalker.com/are-you-a-lazy-networker-6-things-you-should-do/feed/ 0 http://hazelmwalker.com/what-is-the-why-behind-your-goals/ http://hazelmwalker.com/what-is-the-why-behind-your-goals/#comments Fri, 30 Dec 2011 03:10:14 +0000 Hazel http://hazelmwalker.com/?p=1250

Have you set your goals for 2012? It is that time of year when we all take a look at the next year and decide what goals we want to set, what we want to achieve and how we are going to go about achieving it. Goal’s boards will be made, goals will be written and thousands of people will make New Year Resolutions. People will spend hundreds of hours working on their goals, but how much time have they spent understanding the bigger picture behind those goals? What is the why behind them?

 Where are your goals taking you? What is the vision of your life that you are working so hard to achieve? What is your why? More of your time should be spent creating the vision that drives the goals, otherwise you are always looking for the very next goal to achieve because you have no real vision or intention for your life. If the $100,000 is only about the money it will not be long that you will be bored, lack motivation and be uninspired. On the other hand, if the $100,000 represents the opportunity for your child to enroll in the college of his choice, then the intention behind the goal will inspire you to achieve the goal.

When you set your goals in alignment with your life intentions, with your why, you will be inspired to reach them versus feeling pressure to achieve them. So let me encourage you to take a look at the goals you have set for next year, and for each goal, take out your journal and ask yourself, “Why is this goal important to me?” “Does this goal align with my values?” “Who can support me in the achievement of this goal?” “Does this goal really move me in the direction that I envision my life?”

Once you can answer each of these questions, when you can really focus on what is important in your life now and in the future, your goals will inspire you and that is a much easier way to live life!

Live your life INSPIRED!

I regularly meet with prospects and help them understand how much business they are getting from their network and what is being left behind. It is very enlightening and they are always surprised by their results. Do you know your referral percentage? No? Don’t worry, most people don’t know. So, grab a pencil and a calculator and I will help you find your “Referral Percentage” here we go,

1. List 4 people in your network who have passed you the most business by referral this year. For instance Tom, Sue, Bill, Kim.

2. Now, for each person write the number of referrals they have passed you in the last 12 months. Tom=4, Sue=12, Bill=5 and Kim=8

3. Think about each of those people, how many people do you believe each of them know? On average, we each know about 250 people. So, Tom=300, Sue=500, Bill=800 and Kim=200

4. Next step, add all of the referrals you have received together, in our example it would be 29, and then add all of the network members together. In our example, it would be 1800.

5.Last step, you will need your calculator to complete the process, 29 divided by 1800 equals .016%

What is your percentage? Are you surprised? Did you have 4 referral sources? Many of my clients are shocked and frustrated when they do this exercise. It is possible to increase this number. The very first time I did this it was .010 and I was shocked.

Here is the real question, what are you going to do to change this percentage? What steps can you take to develop a higher referral percentage? Hint: Stop adding people to your network, instead start digging deeper into your network and develop stronger strategic relationship! Start with the 4 people you listed here and if you did not have four then work on the ones you have. When you are sure that you have increased that relationship, then move on to create a new one, until your have your “Four”.

If you would like a system for generating a consistently higher percentage take a look at The Referral Institute for help.

When business people tell me that they do business with anybody, everybody or small businesses, I know that they have not spent time identifying who they want to work with and they are hoping that someone else will figure out for them. They are aiming at the sky hoping to hit a bird and every now and then, a flock will fly over a few get hit, and now the businessperson thinks their network is working. Reality is the flock just happens to fly over at the exact same time that the bullets fired. This is reactive and requires you to use a lot of time and energy with unpredictable results.

If you are going to build a business by referral, you have to narrow the scope so that you can identify referral sources who are working in the same target market, you will know where to spend your time networking and you will be able to collaborate with referral partners.

Look at your current clients, what do they have in common?

Survey your clients and see if you can find a common denominator? Surveymonkey is a free tool that you can use to customize a survey, go to www.surveymonkey.com design your own survey. You can get a great deal of demographics in a very short period, this can give you a snap shot of current clients and allow you to find the common thread.

Working on your target market takes time and energy; it will pay off in the end.

Aristotle said, “We are what we repeatedly do.  Excellence,then, is not an act, but a habit.

So, let me ask, what habits have you created around your referrals business?

The first habit that every business person should have is the habit of tracking your activities.  Creating a referral system requires that you track several things.

Track your networking activities.

• Who are you networking with?
• What activities are you participating in?

Track your giving.

• Who have you given business to?
• What connections have you been able to make?
• What was the value of the business you have given?

Track your receiving.

• Who has referred business to you?
• Who has connected you?
• What was the value of the business you received?

Track your thanking activities.

• Who have you thanked
• How have you thanked them?

When you have a system for tracking your activities and you use it consistently you begin to develop a habit.  It is these habits that creates excellence!

Referrals can come to you from many different directions.  Some will come from people you meet at networking events, some may come to you from your customers, and others may come from your trained Referral Partners.  You will never know where they are coming from if you do not take the time to track your business.

Every time someone calls, ask the simple question, “How did you hear about us?”  Open a spreadsheet and track every customers or prospective customer’s response.

This simple task will allow you to identify where you may want to spend more time or money.  If you find you have one person who is acting as your advocate you will want to find ways to thank or reward that person.

Maybe you find that all the time you have spent at a particular organization has not paid off as well as you thought, but the place where you have been volunteering  has had the added benefit of being a gold mine of clients.  Now you will be able to make a sound decision about where you are spending your time.

Until you start tracking, it’s all guesswork and you may be ignoring some of your best sources.