In 2010, I built a relationship marketing network from scratch that produced over $200,000 in revenue for our company. If you want to learn how I did that, attend my next Referrals and Revenue seminar at the Greater Indianapolis Chamber of Commerce.
In 2011, I have had new challenges with relationship marketing: I could do the same thing I did in 2010 and get the same results, or I could change my relationship marketing tactics and get different (better) results. I have chosen to change my tactics – but how?
Here are a few questions about relationship marketing that I have had, and how I have approached them. I would love to get your feedback on how you have attacked these same issues.
Why should I go to networking events when my referral network is already built?
You already have a group of 15 referral partners that you consistently trade business with, whom you know, like, and trust. You could add more people to that group, but it’s not the best use of your time. Consider networking from a leadership and branding perspective. Your thought and referral leadership is still needed in strategic networking circles, and you should be leading networking groups, instead of just attending. When you lead, your message and brand travels faster, and will allow you to pick up clients and referrals that you have done very little ‘work’ to obtain. Don’t go to events to just grab a beer and hob nob; grab a microphone, run the meeting, and watch your message spread like wildfire.
How do I begin networking with more of my clients directly?
After your strategic network is built, then you can begin networking with your clients. Begin your networking at places like Rainmakers, BNI, or your local Chamber of Commerce to build your strategic network, and then start thinking about the associations that your clients belong to. If your clients are Accountants or Architects, you should join and take a leadership position in the Indiana CPA Society or the American Institute of Architects. There are associations for almost every profession. Find the one for your target market, join them, and take the lead in order to get noticed.
How do I leverage special interest groups to generate revenue?
Your strategic team is built, and you are a leader within your clients’ sphere of influence. Now, it’s time to impact your community and be a leader on a larger scale. Whether your interests lie in puppies, preeclampsia, or politics, there is something that you are passionate about that you should give your time to.
Join a special interest group.
When you do this, you are seen in the community as someone who cares about people in a bigger way than just “making money”, and you’re able to connect with other leaders in a deeper and more personal way.
Out of the three relationship marketing strategies I mentioned, this one takes the most time to convert into revenue. The way to begin that process is by meeting with everyone one-on-one, getting genuinely interested in what they care about, and building your credibility over time. Eventually, your special interest pals will think of you when they randomly come across someone who needs your services.
One of the unifying themes in this blog is leadership. When you show up in the community as a leader, that is when ‘next-level’ relationship marketing takes off!
Jamar Cobb-Dennard is the Vice-President of Business Development for reachmore, which teaches small business owners how to build a business that runs without them. For more resources on business leadership, please visit reachmore’s seminars.