Without doubt the single most effective way that I have found to grow my business has been through networking and referrals. Five years ago I joined a new BNI chapter that was starting up in Halesowen. At the time I was just starting out in business and I only had a single small business client. Since then JamesCash.co.uk has grown considerably and we now have a team of five serving over fifty clients. When I look back at the source of these clients I see that most of them were referred by existing clients who in turn were either themselves introduced by an existing client or were someone I had met through networking.
But it’s not just a healthy client base that I’ve developed through networking. Back in 2003 I wouldn’t have dreamed of standing in front of a room full of 30 strangers and talking about my business. There is a huge personal development aspect to participating in a BNI chapter or a similar group.
And then there are the people I’ve met who, whilst not necessarily becoming clients, have made a massive impact on our business – people like Steve Wright of Sandler Training. I even met my business partner, Mark Poulding, through a contact I met at a networking event.
One thing to remember, networking isn’t a quick fix solution. If you need sales this month then forget it. Relationships take time to build and the results often take months or years to appear. I’ve had two opportunities develop this week from a contact I first met three years ago but hadn’t spoken to in the last six months. If you’re prepared to commit to networking in the long term you’ll see real benefits.
Some of the places you’re almost certain to find me in the next month or so:
Tuesday 18th November – 7pm – Dudley Business Club
Wednesday 26th November – 12pm – Brite Sparks – Birmingham
Friday 28th November 2008 – 8am – 4networking Wolverhampton
Tuesday 2nd December 2008 – 5.30pm – High Fliers
Wednesday 10th December 2008 – 8am – Stourbridge Breakfast Club
Wednesday 14th January 2008 – 7am – Wolverhampton Business Breakfast
If you’re going along to any of these events please seek me out and say hello – it would be great to see you!