Marketing

How do I build a business through referrals and word of mouth?

VIP Contributor
Founder and Chief Visionary Officer of BNI
min read
Opinions expressed by Entrepreneur contributors are their own.

Here are three fundamental elements necessary for networking success:

1. Apply the law of reciprocity or "givers gain" approach. Don't approach networking thinking, "I did this for you, now what are you going to do for me?" Instead, remember the old adage, "Give and you shall receive." The law of reciprocity substitutes what you stand to gain from the networking relationship with trust and friendship.

2. Seek diversity in networking. Look for groups that don't target people just like you, in order to broaden the net you seek to cast for referrals.

3. Assume a farming mentality. Networking is like farming in that the process of planting seeds and harvesting the crop is not a quick one. In order to harvest excellent networking results you have to invest the time and attention first.


All the best.


Dr. Ivan Misner

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