When we look at referral groups we frequently find the most successful groups and members in groups tend to be those that put a real emphasis on inviting guests to meetings. Learn the 4 key reasons why it’s in YOUR interest to look to invite guests to your referral group meetings on a regular basis…
Why Inviting Guests is So Important!
How to Get the Most Out of a Referral Group
(Article) Marketing & Referral Groups have been around for almost 3 decades. Their purpose and objective is simple — create a local business community where members actively work to get to know and support one another through referral. But, to get the most out of a referral group you have to follow a few simple guidelines…
Referral Business Networks and Leads Groups, Online vs Offline
Referral business networks and leads groups have existed in the offline (brick and mortar) world for a half a century. And during this period they’ve delivered consistent results for small businesses and professionals looking to generate referral business.
But with the advent of the Internet, how will these “real world” small business networks and referral communities fare — will they fade away being replaced by all the online business networking communities and solutions, or will they continue to prosper?
While online referral groups and business networks are useful and effective for some things, they’ll never replace the need for real world professional business networks and small business referral lead groups.
One big reason — people want / need / prefer regular face-to-face interaction with those they do business with, and certainly with those they refer for business. Studies consistently show that consumer confidence is the #1 factor that drives purchase decisions, and consumer confidence is created by familiarity, which is achieved through repitition. Meeting regularly, face-to-face, with your referral partners and referral network goes a long way in building true familiarity and confidence.
The most effective referral marketing programs will always incorporate regular real world face-to-face meetings with a committed group of referral or business networking partners. And this is something the online world can never deliver!
The Power of a Leads Group
A Leads Group (also often referred to as a Lead Group, Referral Group, Referral Groups…) has one primary purpose — helping local business owners and professionals generate referral leads through cross referral.
Leads groups have been around for 50+ years and have always been one of the best ways for business owners and professionals to grow their business. It’s estimated that that as much as 70% of the average service providers business comes from referral.
A Leads group provide a simple, fast, effective way for small business owners and professionals to quickly build a trusted network of partners who will refer their business. Unlike other business networking groups leads groups and referral groups are organized first and foremost to help members generate leads and business through cross referral.
Every small business owner and professional should belong to a leads group or referral group.
