Thursday, January 14, 2016

Refer someone to a person you know like and trust and see the law of reciprocity in action !!

A great article validating Referron 





It’s common knowledge that people buy from people that they know, like and trust.

 In order to develop the 'know, like, trust' factor, it's necessary to build a relationship, and to do that it's also necessary to have offline conversations, as well as online ones. But you know what's even more important than having a two-way conversation (versus just broadcasting on social media 

Action. 

So what does meaningful action look like when building an engaged community? 

Crucial to the success of any effort to create an engaged and interactive community is collaboration. 

Providing value to members of your community strengthens your network as a whole and creates a strong sense of community. 

While this is true for all communities, those that exist largely online (on social media platforms like LinkedIn) provide far less opportunities for person-to-person contact, so there's a larger trust gap and the value that it gives its members must therefore be more tangible and easily measured. 

This is where collaboration becomes a powerful tool in the community building arsenal. 

The elements and strategies below seem like simple common sense (and they are) but there are very few people taking advantage of them to build their communities. 

Below are three key elements of collaboration on LinkedIn, which will help you to 

build trust with your connections, 
expand the size of your community
 and 
establish your authority on your topic. 

The 3 Key Elements of Collaboration 

Be A Connector Help your connections to grow their network or community and you, by extension, will also grow your own. 

Refer someone to a person you know like and trust - (use Referron - www.referron.com) ) 

when someone you know and trust introduces you to either someone you can help, someone who can help you, or whom you both can benefit in some way, you'll feel a much higher degree of trust from the beginning of that relationship.
Such an act will also invoke the Law of Reciprocity.
Nothing makes a stronger and more genuine impression on somebody then when you give selflessly, generously and (most importantly) without the expectation of receiving anything in return.
The reciprocity you build will also make those same community members inclined to introduce you to people they think you will benefit from being connected to, growing your network in a meaningful way.
So if you know that two of your connections would benefit from being introduced to one another, reach out and introduce them. Share why you think each would benefit from knowing the other and ask for nothing in return.
Doing this will evoke reciprocity and provides your community members with significant value - and greatly increase trust.
EXAMPLE ACTION: Set a goal to introduce at least two of your connections to each other once a week (or month).

BE HELPFUL

While becoming a “connector” within your network is vital, successful collaboration within a group requires additional effort and investment on your part.
One of the most impactful ways you can show your connections that you value them and are invested in their success is by looking for ways to help them achieve it.
This can be as simple as sharing a great piece of content with your community, produced by someone in your network.
Or perhaps a connection's trying to get a new job - aside from connecting them with people who might be able to help, you can also keep your eyes open for opportunities that are similar to what they're looking for. If you know them and what they do, and are comfortable doing so, you could provide them with a recommendation or endorse their skills.
These are all meaningful ways to help your connections.
And while it's always beneficial to do what you reasonably can to help someone in your community, there's nothing wrong with occasionally asking for help yourself.
By making yourself vulnerable and asking for help, you show your community that you trust and need them too. Relationships are give and take.
A quick example of this would be to ask your connections to share your blog post if they find it helpful.
This does NOT mean that you should connect with someone and then immediately ask them to do something for you.
All to often I get messages from new connections, or existing ones that I've not yet built a relationship with who ask me for favor - that's not a reasonable request at that stage of our relationship.
Before you ask your community for help, be sure that you've provided enough value and established enough of a relationship with them that they'll feel that your request is reasonable.
There are no set guidelines for what's considered 'reasonable' - this'll depend on many factors, most of which will focus on what's involved for them to provide the help and how deep and meaningful your relationship is.
EXAMPLE ACTION: Set a goal to find and share five great posts or pieces of content shared and/or created by your connections.

TAKE INITIATIVE

The chance to help your connections will not always come, so don’t wait for opportunities to collaborate or help them, create opportunities.
This is especially important if you're working to build your authority on your topic.
Within your own community, look for ways to work together and support each other. Examples of this might be by creating a LinkedIn Group where all members are encouraged to ask and answer questions or provide feedback to other members.
Outside of your existing community, look for collaboration opportunities with other experts who provide complimentary products or services, which your community might find helpful. These types of collaboration opportunities vary and can be based on a single project or event or be long term in nature.
As well as aiding your own community by introducing them to someone who can help them (in an area that you don’t), there's also the chance to be introduced to the community of the person you are collaborating with. This is a fantastic way to expand your reach and gain credibility.
There must be value for all partners and it's important to clearly identify the the goals, metrics, roles and benefits for both parties when establishing new collaboration opportunities.
These opportunities can take the form of:
  • Strategic Alliance – when two or more people/companies work together to pursue an agreed upon goal while remaining independent of each other. For example, if you worked with another expert to co-run a podcast, create a training program or a live-streaming show.
  • Joint Venture Partner (JVP) – when two or more people/companies come together to form a temporary partnership for the purpose of completing a specific event or project. For example, when a group of related experts get together to run a tele-seminar or conference.
  • Referral Partner – a person/company that sends relevant prospective leads to you, and you to them, because you offer complimentary services to similar audiences. For example, if you’re a copywriter you might set up a referral partnership with a graphic designer or website company.
EXAMPLE ACTION: Set a goal to find and approach at least one potential referral partner a month.

COLLABORATION: THE 3 CS OF LINKEDIN CURRENCY

As I explained in my earlier article, LinkedIn Currency: Calculating The Value of Your Network, understanding and implementing the 3 C’s of LinkedIn Currency is crucial to your success in building a strong and valuable network, and understanding the actual value of that network in measurable and unmeasurable ways.
We examined the three key elements of Community in LinkedIn Currency: Build an Engaged & Profitable Community that you must include when building a network that will be engaged and wants and needs what you have to offer. In my next article, we'll look into why none of the other aspects of LinkedIn Currency can achieve maximum success without the final C, Commitment.
Would you like to significantly impact the size of your expanded LinkedIn Network? Send me a PERSONALIZED connection request mentioning this article (it is very unlikely I will accept your request if it is not personalized!). By doing this you will greatly expand you 2nd and 3rd degree networks.
- See more at: http://www.socialmediatoday.com/social-business/linkedin-currency-collaboration-economy?#sthash.kEv2esSu.dpuf

Saturday, January 9, 2016

Referring best women speakers

Tuesday, January 5, 2016

86% of Companies with B2B Referral Program See Growth, Study Says

Great article by Shubhomita Bose is a staff writer for Small Business Trends Jan 5, 2015
(Tx Michael Doyle for the referral)


What’s the best way to boost sales and acquire new customers?

Marketing-led referral programs that are supported by relevant technology, says a new study (PDF). In fact, 84 percent of B2B decision makers start the buying process with a referral.

Heinz Marketing surveyed 600 B2B professionals from across North America to understand the impact of formal referral programs on sales pipeline growth and revenue acceleration. It found that “referrals convert better, close faster and have a higher lifetime value than other types of leads.”

Key Highlights

The study reveals a number of useful insights about B2B referral programs.

It has found that the most successful organizations:

  • Have a formal referral program in place.
  • Have referral programs managed primarily by marketing.
  • Use tools or software specifically for referrals.

It also reveals that:

  • 71 percent of companies with referral programs report higher conversion rates.
  • B2B companies are three-times more likely to reach their revenue targets when the marketing department has primary responsibility for a formalized referral program, or when referral tools or software are used.
  • Formal referral programs help B2B companies generate two-times more high-quality referrals.

Fewer Companies Have a Formalized Referral Program in Place

Despite realizing the many benefits of a marketing-led referral program in boosting sales and marketing, only 30 percent of the surveyed B2B companies said they have a formalized referral program in place.

This is surprising because referral programs are not just nice to have; they are a key contributor to revenue growth. As the study finds, 86 percent of companies with formalized referral programs experienced revenue growth over the last two years, compared to only 75 percent without them.

Matt Heinz, President of Heinz Marketing Inc. says, “The findings of our research are clear: if you want to accelerate revenue growth, a referral program must be a key part of your strategy, marketing must own that program, and you should leverage technology to create a better referral process.”

Winning Big With Referral Programs

If you need a compelling reason to consider having a formalized referral program in place, consider this: 84 percent of B2B businesses start the buying process with a referral, according to Edelman Trust Barometer.

It goes without saying that engaging customers and giving them the incentive to refer your business can go a long way in strengthening your sales and marketing efforts.

Jim Williams, marketing vice president at Influitive, a company that also participated in the study, says, “The responsibility for generating referrals can’t rest solely on the shoulders of front-line sales reps. Simply asking individual prospects and clients for one-off referrals won’t get you to your revenue goals.”

He adds, “Instead, sales leaders must turn to their counterparts in marketing, who have the budget, creativity and technology to generate referral business at scale.”

b2b Referrals

SHUBHOMITA BOSE

Shubhomita Bose

 Shubhomita Bose is a staff writer for Small Business Trends And a communications enthusiast. With more than 8 years of experience in B2B and B2C marketing communications, she’s adept at creating well-researched and compelling copy to bring brands closer to their target audience. Her interests lie in social media marketing, branding, creative conceptualization, world cinema, fiction and gastronomy.

http://smallbiztrends.com/2016/01/b2b-referrals.html




Wednesday, December 23, 2015

3 Ways to Get More Referrals for Your Business

 • 26 Views • 4 Likes • 3 Comments

Statistically, there are no better clients, customers, or patients in business than those who are referred to you.

Referred clients come to you having been told by a third party that you are the person to contact. Essentially, the “selling” process has already been taken care of for you. The potential client is essentially looking for fulfillment on the promises made by the person who referred them. Your job is to live up to those expectations.

Another benefit of referrals is that they tend to be of higher average value than non-referred clients. There is less resistance to the prices you charge and more compliance with the process of handling the legal issue. This means more money and less stress for you.

It is obvious that more referrals for your practice is a good thing.

But there’s a secret to getting referrals that is often hidden from business owners. Most business owners have been taught, “Just do good work and the cases with come.” The idea is that you will get more cases over time as people refer more to you. That’s a pretty slow-moving train of success.

Instead of waiting for referrals to trickle in, you should be creating a steady stream of referred cases. Here are three ways for you to start generating more referrals for your practice:

  1. Make Referrals Part of Your Culture– This isn’t a wishy-washy, happy-go-lucky concept. The idea here is to integrate language encouraging referrals into everything you do. New clients should know that you love getting referrals. Stationary you use could have a brief statement about how to refer a case to your office in the footer. Whenever you talk with another attorney, don’t forget to discuss referrals with them. Make referrals a highlighted part of your practice’s general existence. The more importance you give to referrals, the more referrals you will get thanks to how many opportunities you are creating to draw in more referrals.
  2. Create an Email Specifically About Referrals– Try making contact with business owners in your area to build referral relationships. Email is a quick and easy way to open the lines of communication with people about referrals. Send it out to a group of business owners in your area (you can usually grab email addresses from their websites). Try sending 5-10 emails every week. If you give each one a custom feel by commenting on something you liked on the attorney’s website, you’ll score a few points as you try to establish the relationship. Make sure you follow up every few weeks until you start hearing back from your prospects.
  3. Turn Referrals into a “Program”– Develop a step-by-step process that you can show to other business owners to really encourage referring clients to your practice. Include pieces such as how the referring attorney will be notified when you accept the case, how they will be updated, how you handle the ethics requirements, and how payment to the attorney will be handled if allowed in your state. Giving structure to what can often be a loose verbal agreement makes the referring attorney more confident in how you handle the process. Now you have your own “Program” for referrals at your office, which can be an impressive marketing tool.

The smartest choice you can make right now is to make the cultural shift.This shift will change the behavior of people in your office and will modify how others perceive you and your practice. You can move from occassional referrals to constant stream in short order just by being known as a practice that handles referrals professionally and responsibly.

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Tuesday, December 22, 2015

5 smart strategies to grow your executive network


From AustralianSuper Pty Ltd ABN 94 006 457 987

Google ‘networking’ and ‘CEO’, and you’re served up a plethora of events across the globe where C-suite executives have the opportunity to grow their professional network. It’s all very well to attend these events, but how do you get the most out of them and then continue to nurture the networks you build?

If you’re looking to deepen your professional network – and leverage the vast benefits that such relationships afford – here are five things to keep in mind.  

1. Take the time to reach out

As an executive, you’ve no doubt got access to a strong network of professional peers – fellow board members, clients, investors, analysts and more. You need to take the initiative to keep these relationships current, which can be hard when your calendar is crowded with meetings and events. Don’t wait until you need something to reach out. 

2. Find great matchmakers

We’re not talking about Greg Evans here. Your perfect match when it comes to networking may be your accountant or banker – someone who knows a lot of other people and can potentially introduce you to a valuable new business partner. This way, you can focus on managing your micro-network and they can cast a wider net for you.

3. Show your worth

In today’s fast-paced business environment, people are less likely to connect with you if you don’t have anything to offer them. If you’re confident that you want to connect with someone, make the first move by offering up support or advice to them. They will be much more likely to reciprocate down the track. 

4. Use technology to your advantage

While nothing matches face-to-face meetings to strengthen relationships, technology is now a vital tool in the networking process. Many believe the gold standard for executive networking is LinkedIn. Here, you could find groups that are relevant to your business, participate in these groups and make relevant connections. You could also maintain connections via Twitter, or create a blog to share your learning with peers. Identify which tools work best for you, and use them to your advantage.

5. Remember, it’s not about selling

No matter what your agenda or why you want to connect with another professional, remember that networking is not about selling. You won’t get far if you try to push a product or service in front of another executive’s face. Instead, at the C-suite level, you should be building legitimate professional networks that are mutually beneficial – you really can help each other solve business problems.

Wednesday, December 2, 2015