Referred Business Takes Time

As a business owner, I am always on the lookout for potential new business. Not just with people and businesses that would benefit from my products and services, but also with people that can make introductions and refer me to people they know. This of course is sales & networking 101.

This type of networking usually pays off in time. Seldom do I expect to meet someone and then have new business referred to me by that person right away. It’s a numbers game really. For every 10 people you meet that agree to refer you business, you can expect 2 or 3 referrals a year from one of them. Of course this ratio can vary from business to business and industry to industry.

But sometimes, it can pay off quickly.

One recent example of this paying off immediately came when I joined a local business networking group called the Business Vision Network, or BVN. After the first session of a BVN workshop series earlier this year, I met up with a few other participants over the next several weeks. One of them agreed to introduce me to clients that would need our mobile marketing product and lo-and-behold about a week or two later this person introduced me to a prospective client of his.

We met with the prospective client together and over the next couple of weeks he followed up with them, which was great because it is usually better for the person referring the business to do the follow up. Shortly after that they called him and said they wanted to press forward with the product.

All-in-all, this process took about 6 weeks I believe from the time the referring business owner and I met until the time when the referral became a customer. Six weeks might seem like a long time, but it goes by quickly, which is why it’s important to do a lot of networking for this purpose at all times to keep multiple irons in the fire. You never know when one is going to POP!

About BVN: Business Vision Network is an international network of businesses and organizations that are partnered together to positively impact local and global communities. This post was written to be included as a Success Story in a forthcoming issue of the BVN newsletter. To learn more about BVN or to get a taste for things to come, visit the BVN website and also join the BVN Facebook Page which was recently launched to start growing this business community online.

Time-Money-People: The 3 ingredients for success on the Web

For most small business owners, the web is not going to make or break your success as a business. Plenty of businesses do just fine with an inferior web presence or no presence at all. Some business must have an effective web presence and some have built their success around an effective web strategy that they won’t survive without, but again in most cases, a web presence is not a do or die decision. Some business have only a web presence and do terrible.

The web can however enhance your business, there is no doubt about that. The challenge is, at what cost is this worth, and how should it be approached? Should your web strategy qualify prospects, turn leads, close deals, or retain and add value to existing customers? There is no one way to approach the web.

Your experience with the Web comes down to one thing: What you put into it, you get out of it.

There are several aspects to this…

a.) Time: You must spend enough time on your web marketing strategy to make it worthwhile. If you short-change it then you will have wasted what little time you put into it. Like alcohol, you won’t experience the effects of alcohol with one or two sips. You need to have at least a drink or two.

Spend time thinking about your strategy, spend time communicating your strategy, spend time implementing your strategy, and spend time adjusting your strategy. You can’t just hire someone and expect him or her to make it a success while you put your time into other things. Your web strategy is like an organic entity. It must be nurtured and manicured regularly to be competitive. Plan on spending some number of hours on it each week.

b.) Money: You must be prepared to invest money into your web marketing strategy. You will have IT costs (technology), software costs, designer and developer costs, costs for content, and costs for advertising, and costs for other people’s contributions be it with emails, social media, or whatever. Find a budget that is right for you and go with it.

For entrepreneurs or solopreneurs, this could be as low as $100-$300 a month. For firms with multiple employees and hundreds of customers plan on putting a $2-3k or more into your web strategy. It just depends on what you are accomplishing and how.

c.) People: Pursuing your web strategy alone is not realistic. You want to surround yourself with people that know and understand you, your business, and your industry. More importantly, you want to align yourself with people that specialize in the various forms of Internet marketing.

Some people do web hosting and email, some do graphics and design, some do software programming and development, some do template solutions, some do custom solutions, some specialize in promotion, some in conversion, some in process, etc. A firm may specialize in several of these areas whereas individuals may specialize in only one or a few of them.

If you work with a firm then you likely have a single point of contact which can be more efficient, but also more expensive. If you work with individuals then you can save money, but plan on putting more time into managing each individual, getting your vision across to each of them, and then also dealing with breakdowns such as communication, work ethic, etc.

Surrounding yourself with people that can influence your strategy can be done physically with meet-up groups, clubs, and organizations, events, conferences, seminars, and workshops. This can also be done online in places such as LinkedIn, Facebook, Twitter, etc. There is an endless supply of virtual communities that can prove useful to your quest for an effective online strategy.

All this said, I think what is important here is that when it comes to understanding and tackling the web in regards to your business, you want to be cautious not to look at it as a “should I or shouldn’t I” do the web, but rather where and how does the web fit in with what I am doing.

What aspects of the web do I need for my business, what aspects do I not need, and what aspects are optional. How much time do you want to put into specific areas and how much money do you want to put into areas. What people or firms do you want involved in all this and how will you manage each relationship?

If this seems like a lot to think about, it’s because it is which is why you want the right people by your side. Most of my clients, especially the smaller ones, ended up with us and stick with us because they have tried and failed numerous times with various others. With us they experience, reliability, and a personal touch at affordable prices. It’s this trust that grows even deeper with time because every time they need something accomplished on the web, we get it done, efficiently and affordable because that’s what we are equipped to do. This is how you know you are with the right people.

How to build a lead-generating machine in fewer than 30 days!

Are you currently using SEO, Social Media and Email Marketing in your company’s online marketing strategy?
Are you confused by which marketing advice to follow to be successful online?
Or do you think your business is doing just fine? Is it, really?

If you aren’t using SEO, Social Media and Email Marketing, you should know that doing so can add tremendous value to your business and help you obtain market share that you may not be getting now. Applying these useful techniques to set up and maintain an effective and efficient marketing strategy to reach potential buyers doesn’t have to be easier said than done.

Join Autoconversion for a free live Webinar that will introduce you to our List Builder product, which explores the core online marketing techniques adhered to today by top marketing agencies.

Topic: Build a Lead-Generating Machine in Less than 30 days!
Date: Wednesday April 1, 2009
Time: 11:30 am – 12:30 am EST (Eastern Time)
Join Us: Register to Attend

The AC List Builder program is a unique blend of SEO, Email, Video, and Social Media that can be set up and put on auto pilot for your business or run full-service by our team of experts, creating the ultimate customer experience and producing the highest quality leads you can generate on the Web.

In this webinar you will see:

  • Why and how a blog can work in conjunction with your website
  • Why you want to be employing permission-based email marketing
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  • How offering coupon incentives can attract customers
  • And more…

This webinar is no joke, despite being held on April Fool’s Day. Spend an hour with us to take advantage of seeing how we do what we do and what you can expect from doing these things on your own or having us help.

The Webinar is free and open to all, but space is limited, so register now!

Should you have any questions please contact your host, Ryan Gerardi, on LinkedIn.

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