How to Start a Business Referral Group

4 Dec. 2012 - - Total Reads 5,797

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: 5.8K

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

Mamma Lucia
Fast.co
Magento
Wild Rhino Shoes
Bintani
Appstore
GPT Group
Kadac
Aqium Gel
Fed Square
Smart Company
Moov Head Lice
Google
AC/DC
Xavier
Grainshaker
Jetstar
Bondi Sands
High Street Armadale
Movember
Melrose MCT
Vendor Advocacy Australia
Paypal
CSquared Executive
Drupal
BlackMores
Nmiinsurance
DepSkin.com
Atlantic Group
BCG
Windsorsmith
Canberra
White Suede
Focus On Furniture
Associated Press
Melbourne Central
Florsheim
OMS
Grow Your Business
Madman Entertainment
Melbourne Heart
Ello
Dusa
RMIT University
vissf
Scrum
Fortune Institute
Melrose Health
Schiavello
Garmin
Mecca cosmetics
Buy Aussie Now
catholic insurance
Bostik
WTFN
Beaumont
Oakdale
CAN
Green St Juice
Grays Ecommerce
Rydges
QV Skincare
Swin
Novvi
Anthill
Sports Power
Passage Foods
Matchbox
tribe
Magento Solution Specialist
Castran Gilbert
Hanover
Ego Pharmaceuticals
ADP Payroll
Heat Holders
Cronos Australia
Tassal
Rock Pool Group
Shell
Unsw Australia
Telstra
Coles
ISO Certified
131 Pizza
Liveoneday
Instant RockStar
Bank of Cyprus
Fairfax Media
Dial Before You Dig
National Museum of Australia
Fresh Cheese Company
OJAY
The Burger Cheese
News
Marshall White
Positive Poster
Toy World
Viktoria + Woods
James Buyer Advocates
Amino Active
MyAccount
21st Century Education Agency
Digital Agency Panitsync
DeeWhy Market
Uber
TPP
The Age
MSAC
Australia Goverment
Tony and Guy
Arc One
Eway
Oracle
Australian Physiotherapy Association
Sunday creek
Federation
Etihad Stadium
Parker Lane
Victorian Government
Kay Burton
LBG Australia and New Zealand
POSTER Magazine
Loan Market
Bulk Nutrients
Engineers Without Borders
Smh
Maxine
Grow Rich
Microsoft-Certified-Azure-Fundamentals
Ubertas Group
Hairhouse Warehouse
abc
Celebrate health
Acquia Drupal Certification
Australian organic foods
Dinosaur Designs
Ebay
Van Egmond Group
MAP
University of Melbourne
Macmillan
SunSense Digital Agency
GooglePlay
Crumpler
Elucent
street kitchen
Brisbane Times
passage to india
Natralus Australia
One Shift
National Relay Services
Naturtint
Professional
McArthur Skincare
Tek Ocean
Metricon
Chia
Palace Cinemas
Forbes
TSB
Royal Freemasons
Jalna
Rackspace
Watches of Switzerland
iPrimus
Max
Bigcommerce
Switzer
Engine Swim
CBRE
Arthur Galan

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