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Showing posts with label advocacy. Show all posts
Showing posts with label advocacy. Show all posts

Friday, July 22, 2011

Recommended, The Book | DAVE CLARKE

Dave Clarke
by Dave Clarke


This month sees the launch of the third book from my fellow National Networker Columnist, Andy Lopata. The book 'Recommended: How to Sell Through Networking and Referrals' is both a good read and a useful manual that you can dip in and out of to help build an effective referral strategy for yourself. It is published by the Pearson Group with the imprint of Prentice Hall Financial Times. It follows hot on the heels of the updated version of '...and Death Came Third!', the definitive guide to networking and speaking in public.

I chatted with Andy this week at our NRG Metropolitan Networking Group in London.

1. Why write this third book, Andy?

"Far too many organisations, of all sizes, either fail to consider referrals in a strategic way for their business, or have a half-hearted and ineffective approach to generating word of mouth. Businesses need to have access to a simple, yet much more focused, process of referral-based lead generation and treat it in the same way they do other routes to market.

From a personal point of view, much of my work over the last three years has been focused on networking and referrals strategies, rather than the skills covered in '...and Death Came Third!' In addition, my approach and content have evolved, so there was a need to write something more representative of what I do now and who I work with.

I have also worked increasingly with larger organisations and wanted to be able to make my approach easily accessible to smaller business who weren't necessarily in the position to bring me in to work with them direct.
"

2. What’s the reason for the title, Recommended?

"I had been struggling to find a strong title throughout the writing process. I then heard a good friend of mine, Grant Leboff, speaking to promote his new book Sticky Marketing. In his talk, Grant discussed changes in buyer behaviour and how we have moved from people being open to others selling to them, to finding out for themselves what they want to buy. And they find out using two methods; they search the internet or they ask friends, family and colleagues to recommend a supplier.

If we accept that our prospects are more likely to buy from us if a third party recommends us, surely we should have a strategy to encourage those recommendations and, even better, referrals. Hence the title.
"

3. What's the most important thing you want people to take from reading the book?

"That a strategic approach to generating new business through referral is both essential and also can pay huge dividends. Knowing that people are successful applying my Referral Book process would be fantastic. But if each reader takes away one or two key tips and implements them, they will win more business more easily.

I hope it's an entertaining and engaging read, but that is far more important.
"

4. So what’s next for Andy Lopata?

"I have a couple of exciting speaking engagements coming up, starting with my first trip to Vietnam this month. I've already spoken with my publisher about future projects and we have settled on a couple of ideas for new books which I'll come back to look at early next year.

We are also looking to develop a wider range of resources to help companies and individuals implement their own networking and referrals strategies.
"

As it says on the cover, if you want to grow your business, get Recommended!

Until next time...
Good Networking!
Dave Clarke
Get this free download to building business through networking



For more information, please visit Dave's TNNWC Bio.


For complete tactical and strategic business planning, marketing, media, lead-generation, technological and capital resources, scalable solutions and tools to support every entrepreneurial start-up, young enterprise, small- to medium-sized business and emerging high-growth company, talk to the Advisors and Experts at TNNWC Group, LLC. We are a collaborative entrepreneurial, creative organization offering you hands-on, personalized assistance in every aspect of achieving your monetization, profitability and financial sustainability objectives, domestically and globally. We don’t just “coach” you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your scale of operations and your budget to: (1) create your optimal tool kit , and (2) work as your partner (with our sleeves rolled up) to implement your plan by supporting you in the most efficient and productive use of every tool. Visit our website, which is located at http://www.TNNWC.com To receive your Free Subscription to our critically- acclaimed business newsletters, publications, information bulletins and alerts, simply join us as a Member. Two of our most widely-read publications include The National Networker (TNNWC) Weekly Newsletter, and The BLUE TUESDAY Report. Every Subscriber automatically receives Free Membership. Membership will grant you access to our unique suite of business planning, business-building, business promotion, business cost-reduction, business capitalization and strategic planning services, as well as entry to our expert management consulting services. These benefits are unequalled anywhere. Just go to our home page, and click on the “JOIN US” button. Find out about what WE can do for YOUR growing enterprise -- we are recognized advocates, champions, thought-leaders, writers and keynote speakers on such timely subjects as social networking and relationship-building, traffic -building, social media buzz, branding, developing international trading and joint venture relationships -- and structuring and obtaining alternative forms of capitalization. We are on top of every significant business, regulatory, technological, social and consumer trend worldwide. At TNNWC, we have a specific orientation: We Solve Problems. We Help Our Clients To Achieve Their Goals And Objectives. Prosperity. Peace. Collaboration. Sustainable Solutions For Continuous Growth™. Subscribe. Join Us. Visit Us. http://www.tnnwc.com/. You can access our free supplemental RSS FEED by clicking *HERE*

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Monday, June 27, 2011

The Value of Advocacy in Business Networking | DAVE CLARKE

Dave Clarke
by Dave Clarke


People who win regular business through networking have reached the stage where they have built strong relationships with others who will go out of their way to recommend them to their contacts on a regular basis. At NRG we call these people their advocates. The people with the most advocates tend to be those who advocate other the most too!

Recently we have been conducting some research into the value of such an Advocate. In this research we first asked do you have any advocates today?

For those that answered yes we asked these supplementary questions
1. What is a new client worth to you in the first year?
2. What is your conversion rate following an introduction from an advocate?
3. What is your client retention rate?
4. How many times does an advocate introduce you directly to a potential opportunity?

The average from the answers so far is
1. £16000 in the first year
2. 40% - win business from 4 out of 10
3. 70% - keep 7 out of 10 clients annually
4. 5 solid recommendations to actual selling opportunities

This gives an average that one advocate (value for typical NRG member) enables you to win £32000 of new business in the first year. If you then calculate what one such advocate is worth over 5 years it becomes more than quarter of a million pounds sterling!

This may be a valuable exercise to conduct for yourself. Especially for when someone questions whether business networking is a valuable investment of your time. It can be very tempting for others to suggest you focus all of your time on direct sources of business. Compare that, however, with the returns you can generate with focusing some of your time on building a few more advocates.

Until next time...
Good Networking!
Dave Clarke
Get this free download to building business through networking



For more information, please visit Dave's TNNWC Bio.


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The Emergence of The Relationship Economy

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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