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Thursday, February 26, 2009

TURNING CONTACTS INTO RELATIONSHIPS: Business Cards and Little Rubber Bands

Turning Contacts into Relationships with Michelle Bergquist

How many business cards with little rubber bands wrapped around them do you have on your desk right now? If you're networking and making connections, you probably have a few stacks of business cards strewn about with rubber bands around them all over your desk and workstation, right?

Think about this. Business cards sitting on your desk provide no value to you if you aren't interacting and communicating with the contacts you've met via networking. If you're like most professionals, finding a way to get business cards of people you've met into a database or contact management system is a big, big challenge. The other challenge is, once you get your contacts into a database, how do you manage all those contacts and relationships? Below are three tips and suggestions to managing your contacts and relationships more effectively.

1) Get all your contacts into one central database or contact management system. Don't keep clients in one system and prospects in another. Get every single contact you have into one central hub or database. Whether you use Act!, Goldmine, Salesforce.com or some other database system, the first step to managing your contacts more effectively is to keep everyone you know or that you've met in one central system.

2) Give a "code name" to your contacts and relationships as you enter them into your database. From clients to prospects to referral sources, give contacts a title as to their relationship to you. Lumping everyone into one database does you no good if you can't tell what relationship a contact has to you and what potential they may have to you in the future. Coding also works to categorize other contacts such as former colleagues, co-workers, bosses, college buddies, business associates, vendor relationships, etc. Every contact you know should be given a "code name" as to who they are and their relationship to you.

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3) Categorize how you met a contact or business relationship. If you network and generate leads from different sources, you need to know how you met a key contact or relationship. Have a separate field in your database to code how you met someone and how they came to know you. Whether you made contact at a specific networking function, trade show or event, coding how you met someone can be valuable to you in tracking where you met your best clients or referral sources over time.

Relationship management is just as important as financial management is to business and success. To be more effective and successful in our challenging business climate means taking a different approach to interacting with your best contacts and relationships. Having business cards sitting on your desk do nothing to provide opportunity unless you organize and manage your business relationships more effectively.

Go therefore and get those business cards off your desk and into a database system so you close more business, repeat business and referrals! Organize your contacts and relationships more effectively so you achieve better business results!
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Michelle Bergquist believes that when it comes to business and success, it's all about relationships! As business consultant, author, national speaker and corporate trainer to companies and associations throughout the United States, Bergquist entertains and educates small groups, conference attendees and large corporate audiences. Michelle's book, "How to Build a Million Dollar Database" is quickly becoming the expert authority on how to build a powerful database full of priceless connections and business relationships. Michelle's book is available online at http://www.michellebergquist.com/ or http://www.amazon.com/. If you're looking for a keynote speaker, workshop leader or emcee for your next meeting, conference or event, call 800-438-6132 or visit http://www.michellebergquist.com/.
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The Emergence of The Relationship Economy
The Emergence of the Relationship Economy features TNNWC Founder, Adam J. Kovitz as a contributing author and contains some of his early work on The Laws of Relationship Capital. The book is available in hardcopy and e-book formats. With a forward written by Doc Searls (of Cluetrain Manifesto fame), it is considered a "must read" for anyone responsible for the strategic direction of their business. If you would like to purchase your own copy, please click the image above.

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