The Key to Networking

Take a look at your referral partners. Would it surprise you if they had keys to referrals they're keeping in their pockets until they trust you with them? It shouldn't. So how do we begin this process of exchanging keys?

It all comes down to establishing credibility with your referral partners. I've seen many people who think networking is about meeting people and asking for business right then and there. That's it. They meet someone and focus on telling them what they need or what kind of business they want. It's like saying, "Hello, my name is Ivan. Let's do business."

Effective networking is about building relationships with others who can refer you once they've come to trust you, have confidence in you and feel loyal to you. This truly is the key to networking success. And this process takes time. This isn't a get-rich-quick scheme.

If there were a single networking concept I had to identify that most entrepreneurs just don't get, it would be building relationships over time. They listen, acknowledge its importance, then ask about the best way to close a deal when meeting someone for the first time.

The short answer is, you don't. OK, everyone has that one fluke story about meeting someone for the first time and ending up doing business, but that's not the norm. The norm in successful networking is building a relationship to generate long-term referrals.

I think you'll be astonished at how powerful this concept is when put into action. Think of it this way: When you get to the place where you can, without hesitation, hand over your physical set of keys to someone, you'll be in the best place possible to begin asking for keys to their relationships.