Networking With Businesses Overseas
03/01/06 - 02:10 PM EST
The idea of growing your business through word-of-mouth marketing is a concept that crosses cultural, ethnic and political boundaries. It resonates within entrepreneurs all over the world. It resonates in Europe, Africa, Asia and the Americas -- because we all speak the language of referrals. Years ago, I began to dissect just what it is about referral marketing that makes it so successful. I determined that the lowest common denominator is that people want referrals! The public wants referrals, the business community wants referrals, everyone seems to want referrals. As I put together business-development networks or referral groups in many countries around the world over the last two decades, I was frequently told that this type of networking won't work in other countries. It was ironic to hear "this won't work here, we're different" the first time, because it was said by someone in one part of Southern California talking about people who were 25 miles away in another part of Southern California! Although I didn't realize it at the time, I later came to understand that this person just didn't want to do the hard work necessary to slowly build his referral business. Rather than say, "I don't want to do that," it was easier to say, "we're different here" (even though "here" was only a few miles away from "there"). Over the years, I was amazed to come across some people who absolutely refused to follow the tried-and-true fundamentals that were proven to work in generating referrals as I developed networking programs through BNI across the U.S. and later the world. In many cases, they used the "we're different" argument or said things like "that won't work here." When talking about self development, I have a friend who often says, "When it comes to ourselves, we're always the exception." Everybody else should do what's been proven to work. It seems that the "we're different here" mantra that some people spout actually prevents them from following proven methods of self development. Only truly successful people understand that everyone who has achieved success has succumbed to the basics.
Building a Personal Network of Trust
If you want to build relationships that generate referrals, you have to take the time to gain trust and credibility within your network. Here are a few basic networking lessons you should keep in mind when building relationships with foreign -- and local -- businesses:Peek into the minds of some top VC investors to find out what they really look for in a 'fundable' business.
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