How to Start a Business Referral Group

4 Dec. 2012 - - Total Reads 6,709

It’s a good idea to start with people you know and trust when forming a business referral network: people whose business you understand and who understand your business. By having a good knowledge of each other and the services that each business provides, especially in the early stages, it can pave the way for a cohesive group and can encourage organic business growth through referrals.

It is preferable to meet face to face when asking people to join your group. A physical meeting allows for free and open conversation and helps to develop a sense of trust for both parties, which is crucial for any referral network.

Developing relationships in business networks is of paramount importance, as people will only want to refer you if you are transparent and open in your dealings and happy to share your business contacts as well.

There is a give and take aspect to any referral group and it is important to be actively helping other group members through referrals. You might think that you don’t have much to offer a person and their business at a particular time, so it is important to persist and to think long term about how you can become a better resource for others. In the mean time, make yourself available and perhaps think of other ways in which you can offer any help. These are important steps to take when thinking about how to develop business relationships.

When starting a group it is a good idea to think about who you already have in your professional network: previous or present clients, classmates, work colleagues, friends and family. Although networking can seem difficult at first, it is quite likely that you already have a number of valuable connections that you can utilize.

Another good starting point is to make a list of the different types of businesses that you could benefit from working with. From this list you can then set yourself goals of meeting people either online or in person who are in these roles.

If you’re looking for a platform to connect people and build a dynamic networking group, check out – www.meetandmine.com

If you’re looking for pro tips on how to host and run a business networking meeting, see this article – Example Referral and Networking Meeting Agenda – AndMine

Michael Simonetti
Posted by:

Post Reads: 6.7K

Share this

Go on, see if you can challenge us on "How to Start a Business Referral Group" - Part of our 168 services at AndMine. We are quick to respond but if you want to go direct, test us during office hours.

Add Your Comment

Trusted by

Rock Pool Group
VISSF
Tassal
Focus On Furniture
Vendor Advocacy Australia
MyAccount
ADP Payroll
Fairfax Media
Bank of Cyprus
CSquared Executive
Garmin
Grainshaker
Windsorsmith
National Relay Services
Crumpler
Boston Consulting Group
Oakdale Meat Co
Sports Power
Melrose MCT
Dinosaur Designs
Magento
Loan Market
Van Egmond Group
DepSkin.com
Bulk Nutrients
Hairhouse Warehouse
CAN- Common Wealth Bank
Macmillan Publishing
Watches of Switzerland
Associated Press
The Canberra Times
Mamma Lucia
Brisbane Times
Melbourne Heart
Buy Aussie Now
Cronos Australia
Tomorrow Stars Basketball
Scrum.org
Passage To India
Elucent
GooglePlay
Grow Your Business
Tek Ocean
iPrimus
Rackspace
Switzer Media+Publishing
TPP
Passage Foods
Appstore
Natralus Australia
Maxine
Google
Viktoria & Woods
LBG Australia and New Zealand
Acquia Certified Site Builder Drupal
QV Skincare
National Museum of Australia
Movember
RMIT University
Max’s
Kadac
Telstra
White Suede
ISO Certified
Federation Square
Kay&Burton
AC/DC
Australian Government
News
Cleanfit
Melrose Health
Ubertas Group
Australian Anthill
Green St Juice CO
Oracle
SunSense Digital Agency
Florsheim Shoes
Mecca Brands
Forbes
Bintani Australia
Toni&Guy
Atlantic Group of Companies
Jetstar
Royal Freemasons
Aqium Gel
Ebay
Schiavello
ABC
Toy World
Victorian Government
Uber
Grays Ecommerce
POSTER Magazine
The Age
Celebrate Health
Melbourne Sports and Aquatic Centre – MSAC
Unsw Australia
Madman Entertainment
Ello
Metricon
131 Pizza
Jalna
Think & Grow Rich Inc
Street Kitchen
Cell Therapies
Marshall White
Fresh Cheese Company
McArthur Skincare
James Buyer Advocates
Craft CMS
Melbourne Central
NextTech
OJAY
Bigcommerce
Xavier
Wild Rhino Shoes
MAP
Plants
Engine Swim
Amino Active
DeeWhy Market
Coles
Instant RockStar
Heat Holders
Ego Pharmaceuticals
Moov Head Lice
Plan It Sync It
Chia
Carlton Football Club
The Fortune Institute
Catholic Insurance
Palace Cinemas
High Street Armadale
Sunday Creek
Federation University Australia
Peter Mac
BlackMores
DUSA, Deakin University Student Association
Rydges
Fast.co
Positive Poster
Liveoneday
Eway
CB Richard Ellis
21st Century Australia Party
SwinBurne University of Technology
Australian Physiotherapy Association
Magento Solution Specialist
Drupal
Bondi Sands
Arthur Galan
Matchbox Homewares
SMH – The Sydney Morning Herald
GPT Group
The Royal Melbourne Hospital
Novvi
The University Of Melbourne
WTFN
Paypal
Shell
Etihad Stadium
NMI Insurance
Microsoft Certified Azure Fundamentals
Parker Lane
Australian Organic Food CO
Tribe
Engineers Without Borders
One Shift
PranaOn
Smart Company
Beaumont
Arc One
The Burger Cheese
Dial Before You Dig
Castran Gilbert
Hanover
Bostik
Naturtint
Adobe Professional
OMS – Order Management System

Testimonials

It is great working with such a dedicated and competent team in this ever changing space and I would highly recommend Michael and his work. Stephanie Clayton, Marketing Services Manager, Ego Pharmaceuticals

More Testimonials
AndMine-Google-Partner-Signature