GET BACK TO THE BASICS

By
Education & Training with Performance Development Strategies

If you have been reading or following successful business owners, they will tell you to never stop marketing. Have you slowed down your marketing because of the current crisis? Maybe you have had so much business recently that you just took care of business but stopped feeding your pipeline. If you are still feeding your pipeline do not stop. If you have not, then it is time to get back to basics. Networking is a great way to build your business. But just like your other business processes, you need to have a networking process. You should have goals and measured outcomes. And here are a few examples of goal categories:

  •      Identify suspects (those who might become prospects with further qualification)
  •      Develop strategic alliances (sell things that compliment your product or service)
  •      Develop referral sources
  •      Develop and maintain relationships
  •      Interactively prospect
  •      Impact sales results

You can achieve greater results in your Westchester networking activity if you work on becoming a “center of influence”.  Although you won't be meeting in person yet you should look for contacts and referral virtually.

Here are three characteristics common to successful centers of influence.

The first is trust. Someone must trust you and must feel comfortable with you. So begin with building a relationship. Learn as much as you can about the other person and how you can help. Begin by honoring any promise made at the networking event. If you said you would call, then do so immediately, so the person does not forget the conversation or the event. Write down any pertinent facts and log them into your contact database. This will give you an excellent starting point in your next conversation with that person. The key to maintaining your network is being a person of integrity and value. You do this by following up and being the first to say thank you! By being a person of integrity, you immediately set yourself apart from others. By being helpful and an invaluable resource, you will make a positive impression and be sought after. I know you have heard the following statement before. To be an excellent networker, you must first give, to receive. Be open to others, and your business will flourish over time. If you do this regularly then you have met the trust requirement.

Second, how does their business relate to your business? There must be some basic commonalities between your business and the business of your strategic partner. Are you looking for the same types of customers? Do you offer complimentary but non-competing products or services? Do people that need your service often also need your strategic partner’s service? For example, a realtor would have a real estate attorney, a title company, mortgage company, home inspector, home stager, and so forth. If the answer to those questions is yes, then the potential center of influence may have passed the second test.

Center of Influence

The third characteristic is enthusiasm. Perhaps you have seen groups that seem to have all the right people and yet nothing happens. No referrals are passed. There is no engagement—no energy. You need to promote your partners with positive words and attitudes. One networking guru has said that the best centers of influence are enthusiastic supporters of their referral partners.

Learn how to create a center of influence.

Contact us to learn more

or call 914-953-4458.

 

Comments (21)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Great "explanation" of the best way to network... although I'll be the first to admit, Grant, I'm not a big networker. But I'm all about getting back to basics in many other ways.

May 11, 2020 04:51 AM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Grant Schneider we each have our own style..... mine is to network with participating in local and county political campaigns that need the Town Of Franklin MA as a strong base to win.... Quincy and Franklin are critical areas for political campaigns.... I jump on that and I become a major player ....I'm currently working with a candidate who is a strong favorite for Norfolk County Sheriff.... I apply real estate marketing and branding facts to accomplish the win in my town..... 

fun stuff.... but handled very differently during this Covid-19 period....  signage is KING....no rallying; or fund raisers.... we must rely of signage....and advertising.

May 11, 2020 05:11 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I’ve been in a couple of Key\Referral Groups through the years and have received a great return on my time invested

May 11, 2020 05:30 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

My struggle is keeping up with marketing activities when I am busy with business.  During slow times it is easy to market more since I have nothing else to take me away from it.

May 11, 2020 05:54 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Grant - growing, feeding and nurturing the basics remain the foundation of life.  And, of course, in many aspects of it.  

May 11, 2020 06:39 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, I did stop the mailings in March, at least the ones promoting homeowners to list their homes.   I texted my client base and stayed in touch with many, plus did an e-newsletter to update them on the "new" market.

May 11, 2020 06:55 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

When all else fails I find myself going old school and I can usually find my answer...

Happy Monday morning Grant Schneider 

May 11, 2020 08:03 AM
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Great advice, never stop marketing. Have to say, I need something else to do all day, so dreaming up new marketing messages is one way.

May 11, 2020 08:29 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Sham - we should never stop networking.

Wayne - that is right.  And never stop.

Nina - as long as the pipeline stays full

Barbara - that is fun stuff.

Michael - that has certainly been the case with me.

Brian - that is the case.  I think that we will see an increase now in memberships in formal networking groups.

Michael - your network should be nurtured and fed.

Joan - maybe a short pause is justified.

Paul - yes that is always the case.  Tried and true.

Nick - isn't that the truth with all this time.

May 11, 2020 09:08 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Grant,  I slow down the marketing till last week now that we can start showing homes again.  Have a first time buyers seminar that a lender and me where doing but put off till later this year.

 

May 11, 2020 09:18 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Grant there are three basic steps in someone giving us business they need to:

  • Know or know of us
  • Like us
  • Trust us

The first two are easy to accomplish, but the third is hard to get, but easy to lose.

May 11, 2020 10:01 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Grant, for sharing your experience and your advice.

Have an outstanding week.

May 11, 2020 10:29 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Grant,

We heartily agree, these are the fundamentals.  Practice the fundamentals, these are backbone of any business.  A

May 11, 2020 11:26 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Grant Schneider - I need to start getting a back up to my pipeline of vendors.  Some are 2 weeks out right now.  

I also will ponder working on my referral network. Thank you. I have had good results with that!

May 11, 2020 11:49 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

HI Grant- the fundamentals have been around for a long time for a good reason...they work. If you work on the basics and continue to do so, your business can continue to grow. 

May 11, 2020 01:41 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Grant.

Never was a fan of "new and improved", just give me the basic fundamentals, I'll survive and thrive

May 12, 2020 01:14 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Will -  just keep doing what works.

George - trust is something you work for and don't want to lose.

Roy - thank you.

Ron and Alexandra - you can not go wrong when you follow fundamentals.

Sheri - the referral network or strategic alliances are very import to the process.

Kathy - in 2009 I remember that people had slowed down and had to start up again.  Easier to keep going.

James - that is true because fads come and go but these fundamentals stay.

May 12, 2020 06:03 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Great points. You have to double down in a moment like 9/11, The Crash, The Pandemic, etc. Because much of your competition is not!

Becoming a COI or what I call "your personal Google" is something that takes years of consistency, reliability and visibility in your community. My networking group has an actual Power Partners Day 1/3 meetings. We meet with our strategic partners within the group to brainstorm beneficial marketing ideas we can co-brand.

May 16, 2020 01:05 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, it was a different way of communicating to our clients while staying at home.   Had some great conversations with clients.

Jun 09, 2020 04:59 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Whenever I hit a roadblock, I try to go back to basics Grant Schneider 

Jan 23, 2021 08:18 PM

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