Posts Tagged ‘Relationship building’

Your Changing Networking Needs

Friday, May 6th, 2011

It’s likely that your networking needs will change over time. Perhaps you were looking for a job and landed it. Or your business has grown over time and you are targeting a different market. Situations like this can lead to you needing to reevaluate your networking goals and sometimes your groups and venues.

It’s not a comfortable decision to leave a group, but it might be the right thing to do.

First, you need to be certain about your decision. Look at the contacts you need. Is this group or venue providing them? If not, check your message. What are you asking for? Have you changed your message? If not, try that first. Maybe your group didn’t realize your needs have changed.

If a change of message doesn’t work, it might be time to leave. You need to be careful. The group may not meet your needs, but you have built relationships, and you don’t want to lose them.

Consider what you say when you leave. Telling them they can’t introduce you to the right people might sound harsh. You might want to look at phrasing it a different way. It might be prudent to give a more complete explanation to key people and send a more general message to the group as a whole.

The most important time is right after you leave. If there are relationships you want to maintain, it’s your responsibility to reach out. The group will likely move on to the next new member, and without any malicious intent, you will slip in their thoughts. Identify the key relationships you want to continue and look for ways to stay in touch. Referrals are always good. Keep referring someone, and he or she will be happy to stay in contact.

Moving on from a group can be done, if you are careful and sensitive. Do it well, and you’ll keep them in your network. Do it badly and you’ll burn bridges you might need later.

Using LinkedIn Groups

Monday, April 25th, 2011

How many of you have a LinkedIn profile that you never use or update?

If you do, be assured you are not alone. But it’s not the way to get the most out of LinkedIn.

I consider LinkedIn to be a social networking site instead of a social media site. Therefore engagement is particularly important. But you need to take care. People on Facebook and Twitter will accept a certain amount of selling. LinkedIn? Not so much.

LinkedIn groups are a good way to be engaged, without taking up too much of your valuable time. And without coming across as too “salesy.”

First, find a few groups to target. Look for groups in your industry or groups that cater to your client base. Join the group and lurk for a while. See what kinds of conversations are started and how people respond. Then start a conversation. Or contribute to one.

Do this on a regular basis, and people from the group will ask to connect to you. Remember that you can make a connection request, if you share a group, without needing the other person’s email address. Also, ask to connect to people with whom you have synergy.

A friend of mine starts discussions about marketing challenges, sees who responds with challenges he can address and then reaches out to those people to start a dialogue. He’s gotten several new clients that way.

Be careful, though. Don’t reach out to a new contact and immediately start selling. Use the connection as a way to start a conversation and begin a relationship.

I got my publisher through LinkedIn. He approached me. I didn’t approach him. How did he find me? Through a LinkedIn Group.

Try it. You will find it’s a useful way to add to your network. And find more clients!

ROI on Social Media vs. Face to Face

Wednesday, March 16th, 2011

Last week I posted the question of what do you want me to write about. Reader Nancy Wigal of the Search Engine Academy of Washington DC suggested something on the ROI of social media.

I don’t have hard and fast numbers on it, and my answer still is “it depends on your goals.” I an article last year on how to track ROI from social media, and everything there still stands. Interestingly, when I wrote that article I didn’t talk about comparing social media vs face to face networking.

Now to be clear, my views haven’t changed. It’s still not an either/or, but I’ve been trying an experiment in marketing my monthly Netmasters workshops. I use my email newsletter, social media and face to face networking to promote it.

Guess what I’ve discovered?

Last year, I held a free session, and promoted it heavily through all three channels. There was no question. The majority of the registrations came through social media (Twitter promotion, mostly).

This year, I’ve only been promoting paid sessions (and by paid I mean $15, not a huge leap from free). Where am I getting the most registrants? Definitely face to face promotion at networking events and other classes I’ve taught.

Interesting. Free does well through social media. But paid does better through face to face networking.

Again, I believe you need both. Social media can be an excellent way to maintain a relationship that began face to face, making it difficult to separate the two. Which just confirms my belief that “it’s all about the relationship, stupid.” ;)

Anyone else have any results to share? Do they differ from mine, or are you noticing the same thing?

Social Media Strategic Marketing Plan

Monday, March 14th, 2011

Last week I was meeting with a client, and we were looking at how the various social media channels could work together for him. Maybe it will give you some ideas.

He runs a sign store, and for new business he wants to target non-profits (for annual conferences) and property management companies. But he doesn’t want to ignore repeat business.

Here’s what we came up with.

For new business, I suggested he join several LinkedIn groups for non-profits and property management. He can hang out there, ask and respond to questions and start some relationships. He can also search for likely target companies and use his contacts for introductions.

For customer loyalty, we agreed Facebook made sense. He can plant seeds about good ways to use signs. He can also post links to good articles to help small businesses be more successful. Every once in a while, he can post specials. Oh, and don’t forget funny signs. There’s lots of those, and making people laugh is always good.

What about Twitter? I suggested he follow key people in small business and use them to find content for his Facebook page. He won’t use it as a marketing tool, just for information gathering.

What about time? Obviously, I suggested using Hootsuite to schedule his Facebook updates. He can do all of those on Sunday and then not worry about them the rest of week.

Finally, I suggested he gather all his links and articles in Evernote. Then he only has one place to look while he’s doing his Sunday scheduling.

What do you think? LinkedIn for new business. Facebook for repeat business. Twitter to find good content. He’s using each channel for a specific purpose, and we’ve set it up so social media doesn’t take over his life. I think it will work well.

It’s About the Relationship, Not the Sale

Monday, February 21st, 2011

One of my clients forwarded me an email last week, and it was a good example of a common mistake sales people make.

He’d met the young lady at a networking event, and she followed up with a (very thinly disguised) request for a sales presentation. Oh, it was gussied up as “I’ll evaluate your existing plan, and if it’s good, you’ll at least know that” kind of offer, but we all know what that means, right? The real kicker? A specific date, time and location suggestion for the meeting. Folks, in case you don’t know, in an unsolicited email, that’s always a sign that you’re going to be sold something.

I actually don’t fault the young lady. I know her industry, and this is what she’s been taught to do. She’s been taught to view everyone she meets as a potential client. Hopefully, she’ll survive long enough to learn some better strategies.

What’s a better way? Easy, view everyone you meet as someone who can open doors for you. Set up meetings to learn about another person, how you might refer each other and to get a feel for who they know. Then you can ask for introductions.

If you speak with passion and knowledge about how you help your clients and who you like to work with, and the person you are meeting with needs your services, he or she will likely ask about working with you. The important thing is that you’ve given the space to self-select. If they don’t need you, no problem. At best, you’ve found a good referral source. At worst, you’ve left a good impression.

So in case you still haven’t heard me, it’s about the relationship. Not the sale. Relationships will lead to sales. Sales don’t always lead to relationships. You need both to survive.

Who To Refer?

Wednesday, February 16th, 2011

I recently heard something very disappointing at a networking event.

Three of us were talking. For ease of writing this, we’ll call the other two people Jim and Jane. Jim expressed a real need for a service. I knew Jane had a good relationship with someone (Bob) who offered that service and I turned to her and said, “I’m sure you’ve already referred Bob to Jim.”

People, this should have been a no-brainer, and I was so certain Bob had been referred that I almost didn’t say anything. Good thing I did. Because Jane said, “Oh, Bob isn’t in my networking group anymore.”

Don’t worry. Bob did get the referral, but I kind of felt like I was guilting Jane into it.

So what’s up with this? If someone provides a good service does it matter if you’re not in the same networking group anymore? Remember that networking is about building relationships. Relationships last (or should) no matter what group you belong to.

The situation would have been different if Jane had said, “No, I didn’t refer Bob because someone new in that position has joined my group, and I referred her instead.” That would have been fine. At least someone would have been referred.

But to hear about a need, know someone who can fulfill it and say nothing? That’s counter to every principle of good networking.

This must be a common problem because I’ve had so many people tell me, “When I left that group, I never heard from any of the members again.” Regular networking meetings are a way to stay in touch. They aren’t the only way.

You want people to remember and refer you, no matter what group they are in, right? Then stay in touch with everyone in your network, no matter what groups you do or do not share.

Marketers Don’t Get Social Media

Friday, January 7th, 2011

At the end of last year, I talked with several marketers about social media. You know what I discovered? They don’t get content balance.

They all use the same content formula for their clients.

1/4 content about the client
3/4 “value added information”

Okay, what they get right is that it’s not all about the client. Kudos to that.

But they completely missed the “social” aspect of social media. All the content is pushed.

Don’t get me wrong. Linking to industry-relevant articles is a good idea. The best social media accounts do it. But conversation and “retweeting” is also important. Let’s face it, The Wall Street Journal, Business Week and The Washington Post aren’t hurting for name recognition and web traffic. Linking directly to their posts are good for disseminating information but not so good for promoting someone’s followers.

Instead of linking to a Mashable article, look to see if one of your followers has linked to the same article. Then RT it. Mashable still gets exposure. Your followers get good information. And the follower you RTed gets some exposure. Everyone wins, and your follower feels special.

The marketers also forgot about conversation. Remember, it’s “social” media. We’re more likely to follow people who will chat with us.

Does this take more time? Yes, it does. But you know what? When I RT and chat with folks, my @Mention stream is a lot bigger than when I just post about me and link to articles.

Buzz is what it’s about. Do what creates the buzz. Marketers should get that, right?

Relationships and Blogging

Wednesday, December 15th, 2010

On Monday, I had a phone chat with Ari Herzog. We were talking about social media and relationship building (among other things).

He got me to thinking about my strongest relationships on social media. Not surprisingly, my strongest relationships continue to be people I see in person on some regular basis. @beyourboss, @ccooks3, and @paulineleitch are good examples. Check out my @Mention stream. Those three feature prominently. Also look at who I RT. Again, those three are prominent.

But thinking about other relationships I have on-line, there are a few people I do not see in person frequently with whom I consider to have a good relationship. Interestingly, they share blogs in common.

Ari is one. Jason Alba is another. I’ve offered to help both of them in the past, and, interesting timing, I’ve had or will have phone conversations with both of them this week. I don’t consider the relationships as strong as with the three I mentioned above, but they are certainly good.

Let me think of some people I have a Twitter-only relationship with. Ken Peters and I tweet back and forth about stuff, but it’s all reactive. I think he recognizes my handle, and I’m working on a potential referral for him, but I wouldn’t exactly say we have a real relationship. Thom Singer and Gabriel Strange would be other examples. We’ve tweeted back and forth, but that’s about it. They both have blogs, but I don’t read or comment on them as often.

Why are blogs important? I think it’s because you have more space to write, which gives you a better feel for a person. Commenting on blogs gives you more space to delve into an issue. Ari and I have (politely) argued points on each others blogs, and that gives a (somewhat) deeper understanding of each other. About a month ago, I was sensing some frustration on Ari’s part, both in his own blog, and in comments on mine, and that prompted me to reach out in an email and offer to help.

Could I have gotten that through Twitter or Facebook? Maybe, but I don’t sense as much emotion through those channels.

Obviously, I’m not advocating not using them. I love Twitter and am on it most days. I’m building and deepening relationships there, but the best relationships, for me, are ones that go beyond Twitter.

So it seems to me that social media relationships fall into the following categories-strongest to weakest:

1. Social media and in-person
2. Social media and blogs
3. Social media (not including blogs) alone

Anyone want to disagree with me? I’m only one person, and I do have a bias toward in-person relationships. Feel free to chime in and tell me I’m nuts! :)

BNI Isn’t Networking

Wednesday, December 8th, 2010

I’m expecting some flack on this post, and I’m ready. Bring it on!

Before I start, let me say that I was a member of BNI for 5 years, and I still recommend people join chapters. It’s a great way for some people to grow their business.

For those of you who don’t know what BNI is, quickly, it’s an international organization of chapters of business people who meet weekly with the goal of referring business to each other. Follow the link above if you want more information.

But it doesn’t really teach networking.

What it is VERY good at is teaching how to do business by referral, which is a part of networking, but there’s more to networking than referrals, and some of what you learn in BNI can actually hurt someone who is new at networking.

What, you may ask?

1. BNI encourages closed-group referrals

BNI chapters are made up of individuals, with one person per profession. Members are strongly encouraged to refer the members of their chapter. So, if one of your clients is looking to buy a house, you are supposed to refer the real estate agent in your chapter.

Why is this a problem? Because the agent in your chapter might not be the best fit for your client. In networking, you want to make the best connections to develop a relationship. BNI has systems in place that make it difficult for members to refer outside their chapters.

2. BNI encourages keeping score

Keith Ferrazzi in his book, Never Eat Alone, says, in networking we shouldn’t keep score. And I agree with him. There are people I refer without hesitation who have never referred me back. They make me look good with my clients, which is good for business. But BNI chapters usually have some method of tracking who is referring and bringing guests and who is not. Because of the score keeping, members often feel pressured to refer the members of their chapter, fearing that otherwise they won’t be referred in return. When I was still in BNI, I heard members frequently say, “I’ve referred so-and-so lots of times, but he still hasn’t referred me. I’m not going to refer him anymore.”

That’s not good networking.

3. BNI members tend to network too much within BNI

Although BNI says they encourage members to network outside BNI, many members don’t. They visit all the local chapters, one at a time, and say “I’m doing a lot of networking.” When I ask, “Are you giving and receiving referrals?” the answer often is, “No, but I’m having lots of one on one meetings.”

Yep. That’s effective.

4. BNI has a huge focus on inviting guests to chapters

This is probably my biggest pet peeve. BNI members who don’t quite get it attend other events like sharks, looking for members to invite to their home chapter. Often they pop the invitation without asking anything about the other person. It’s almost like the sales person who walks up to you at an event and says, “You need to hire me,” without knowing anything about you or your business.

Networking is about meeting new people and building relationships. That doesn’t happen when members cruise other events looking for “fresh meat.”

As I said earlier, BNI is an excellent place to learn the basics of doing business by referral. If you are considering BNI, by all means investigate your local chapters and see if one might be a good fit for you. But don’t think that BNI is networking and fall into the trap of just working BNI. There’s a lot more to effective networking than attending an endless series of BNI chapter meetings.

Anyone want to agree or disagree?

When Does a Referral Come From Social Media?

Friday, November 12th, 2010

A question I get frequently is “do you actually get business from social media?” It’s actually a difficult question to answer, and I think it’s the wrong question to ask.

Let me give an example. A few days ago, I received an @Mention on Twitter. She was thanking me for a recent blog comment and asked me to Direct Message her my contact info. She had a business proposal for me. Naturally, that got my attention, and I sent her my email and phone number. We’re still working out the details, but it’s looking promising.

Now, back to the question, “Do I get business from social media?” Since the interaction happened through Twitter and was triggered by my commenting on her blog, the answer could be “Yes.”

But, she and I have met in person and worked on a volunteer project together on the past. So we have a face-to-face relationship as well. So maybe it happened because of networking. Hard to tell.

Which is why I say it’s the wrong question. The better question to ask is “Do you get business from relationships?”

That’s an easy one to answer. Resoundingly “Yes!”

Relationships can be built and nurtured both in person and online. The best relationships are built and maintained in both spaces. If you do it well, it’s too hard to separate where the referral came from. And it’s not important to separate them.

Build relationships everywhere, and you’ll never lack for business.