Strategic Relationships: 3 Questions to Get Started

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Profitable Partnerships to Power Your Business Growth

One of the key things I work on very closely with my clients is building strategic relationships. I believe that the more you try to do on your own, the longer success will take, and that’s why I’ve been so passionate about spreading the message of Smart Networking.

Referral partnerships, joint ventures and other forms of collaboration with like-minded professionals can help
 connect you to a stream of new clients without your 
having to do as much work.

Here’s
 an example: If I meet an insurance agent at a networking event who wants to follow up with me to talk about my insurance needs, I’ll probably politely decline. But, if my financial planner
 says to me, “Go speak to this insurance agent, you really need to think about
 this right now, here’s his card,” then I’d do it. Because someone I already 
trust and who knows my situation is suggesting that I do so.

When prospects are pre-sold on working with you because of a strong recommendation from your networking partner, this shortens the sales cycle for you tremendously.

As a speaker, I look to form partnerships with companies who have an audience but need content, and where we can work together year in and year out. When both of you can contribute something that the other needs, that’s a win-win, and can help sustain your business for the long-term.

Here are some examples in other professions where partnering for referrals can help all the way around:

  • Real
 estate agent, interior designer, landscape architect
  • Wedding
 planner, florist, caterer
  • Nutritionist,
masseuse, personal trainer

What kinds of strategic partnerships can YOU form to help you bring in a steady stream of new clients? Here are 3 questions to get your thinking started:

  • What kinds of businesses serve the same audience you do?
  • Whom do you already know who is a leader in their field?
  • What other products and services do your clients need?

An important additional benefit of building strategic partnerships is in the eyes of your clients, you 
move from being just a vendor who looks out just for himself, to a trusted
 advisor who looks out for THEM and connects them to the best people.

4 Ways to Be Well Armed for Growth

oahmOne of the things I worried about when I left my cushy corporate job 12 years ago to start my own consulting firm was being able to balance the time required to serve clients and promote myself enough to attract new ones.

It seemed like there was an overwhelming number of things to do — launch a website, build a network, publish articles, and on and on. It was hard to know where to focus, what to do next and what would really work.

Of all the things you think you need, there are really four that matter most. Read about them in my newest article:

“4 Ways to Be Well Armed for Growth in 2013″

I hope you enjoy it!

The Power of a Strategic Plan

Well, I finally made it to Florida and even though I’ve been here for only a couple of hours, the warm sun and the ocean breeze are working their magic to recharge me. I hope all is well where you are.

Regardless of where I spend the holidays, I enjoy this time of year so much. I get a chance to reflect on what I’ve been able to accomplish this year, and get inspired to dream of what I will create for next year.

It’s been a ritual for as long as I remember to use this downtime to get my goals out of my head and on paper, and outline a solid strategic plan going into the new year. Some people like to ski during the holidays, I like to plan!

I’m sharing my strategic planning process right now with a stellar group of professionals as part of my Relationships to Revenues training. We’ll be kicking off the year with a bang, focused on our highest priorities and with a roadmap to build a steady flow of clients. It would be great to have you join us!

We just started last week, and there’s plenty of time to catch up since each weekly lesson and assignment take just 1 hour total to complete.

Over the course of the training, you’ll be taking small but powerful steps each week towards building a thriving practice and generating greater demand for your services.

Claim your spot here:
www.relationshipstorevenues.com

There’s a special surprise bonus waiting for you when you enroll before midnight Thursday, December 21st. (That’s tonight!) It’s a copy of my Marketing Success Pack of 6 interviews with top experts on blogging, LinkedIn, personal branding, cold calling and more (a $400 value).

Come join me in creating an inspiring vision for 2013 and taking step-by-step actions to bring it to life!

Promoting Professional Services: 5 Unique Challenges

I’m just back from Atlanta where I squeezed in one last speaking gig before the holidays to lead a strategic discussion on social media for a small group of senior executives from some of the world’s largest corporations.

The focus was on getting them to think differently about how they can leverage “social principles” to improve operations and foster innovation in their organizations. It was an amazing experience to see the flashes of inspiration go off when they began to realize the possibilities. What a great way to wrap up the year!

Since I’ve been so blessed in my business this year with the up-leveling of opportunities I’ve received, I wanted to give something back and help more members of my Smart Networking community kick off 2013 with a bang.

On Tuesday, December 19th at Noon Eastern, I’ll be leading a special year-end Q&A call to share some insights and answer questions about converting more relationships to revenues. If you’re a consultant, accountant or financial professional looking to generate greater demand for your services and build a steady flow of clients, I’d love to have you on the call.

Here’s the link if you’d like to join me:
2012 Year-End Q&A Call

PLUS: Don’t miss the latest issue of “Smart Networking Success” where the feature article highlights:
“5 Unique Challenges of Promoting Professional Services”

Happy reading!

Building a Steady Stream of Clients: 6 Success Secrets

As we get down to the last few weeks of the year, I’m finding myself juggling a lot to tie up loose ends. How about you?

For example, the Fall sped by so quickly that I never got a chance to finish up and share my video with you from my Australia tour. It’s only a couple of minutes long but you’ll get a chance to see some of the fabulous and friendly Aussies I met and the beautiful country they live in.

Also wanted to let you know about a f.*r.*e.e call I’m doing this Saturday, December 1st at 1pm Eastern. It’s an ENCORE of the call I did yesterday on “rainmaker strategies” to create more demand for your services and build a steady flow of clients.

Here’s the link if you’d like to join me:
Rainmaker Strategies Call

Finally, on the latest issue of “Smart Networking Success” I outlined six things that successful firms do to build a steady stream of clients.

Read the latest issue here:
“Building a Steady Stream of Clients in Professional Services: 6 Success Secrets”

Whew! I think that’s it for now. Have a great day!

Special TRAINING Call – November 28th, 2012

 

“From Trusted Advisor to Thriving Rainmaker: 21st Century Strategies for Consultants, CPAs and Financial Planners”

Join me on Wednesday, November 28th at Noon ET (9am PT) when I’ll be revealing my strategies to help PROFESSIONAL SERVICES FIRMS build relationships that convert to revenues…

Are you getting clients online?

  • Only 15% of professional service firms generate at least 40% of their leads online, according to a study by the Hinge Research Institute.
  • However, those who do enjoy growth rates of almost 30 percentage points higher than their less active peers!

The data shows there’s tremendous untapped revenue potential for consultants, accountants and other service professionals willing to step out of their comfort zones and promote themselves online.

The small percentage of firms bold enough to embrace modern marketing methods and technologies receive a disproportionately larger share of loyal clients, prestigious assignments, and industry acclaim.

The remaining majority jockey for the leftovers, battle long sales cycles and cave to pricing pressures.

Which group are you in? Which do you want to be in?

If promoting yourself makes you nervous, that’s understandable. The tactics and techniques that work for consumer brands and other business providers may not be right for you. It’s vital that you preserve a professional, trustworthy image for the market you are trying to reach.

But doing nothing new and hoping that enough prospects will magically appear on your doorstep on their own is not the right strategy either. You’ve known this for some time, but have not known what to do about it.

I have the answer and I can’t wait to share it with you.

Join me on this special training call where I’ll be spilling the beans on:

  • The 6 things successful firms do to win more ideal clients and leave their competition in the dust
  • 5 critical gaps to overcome to sell more engagements
  • The #1 resource many professional service providers fail to maximize
  • Why your current clients may be killing your business…and what you MUST do about it NOW
  • My 3-part formula for converting relationships to revenues TODAY

Get ready for some tough talk and some bold solutions to your client acquisition challenges.

The first step: Register for the call. It’s absolutely FREE. Then watch your inbox for the call-in details.

To your networking success!
Liz Lynch

Why Prospects Don’t See Your Value: 4 Critical Questions

Many service professionals are truly passionate about what they do and know that what they offer is valuable. So they are surprised and frustrated when others just don’t seem to “get it.” They have to low-ball their prices to get the business, and even then, they lose out.

That can really shake their confidence and self-esteem, and lead to a vicious cycle of sounding more and more desperate in their networking and sales conversations, and dropping their prices even further on bids and proposals.

What I’ve found works best for my business is something that I teach all of my clients: Pick the price you want to charge and then work on building up the value of your service to match it.But remember that value is in the eye of the beholder. You have to know what’s important to them and show that you can deliver it. If you’re having trouble getting prospects and potential networking partners to see the value of your service, ask yourself these 4 questions:

1) Are you filling a REAL NEED? One of the key reasons prospects don’t buy is they believe they’re just fine without you. The fact that you think otherwise is totally irrelevant. Your service must be positioned as a “need to have” not a “nice to have” for your target audience in their eyes. Consider their alternatives — especially doing nothing or doing it themselves — and talk about not just the benefits of working with you, but also the COSTS of NOT working with you.

2) Are you getting in front of the RIGHT PEOPLE? Let’s face it, you have to get out there and be visible in order to be seen by the right people. But random networking events and unstructured social media interactions are just a waste of time. You need to think strategically about who you want to interact with, go where they are and talk about what they’re interested in.

3) Are you there at the RIGHT TIME? Even when you meet exactly the right people, it might not be the right time for them to buy. For example, you might be an awesome event photographer, but if I’m not planning an event right now, you won’t get my attention. You need ways to keep in touch with your target audience so you can spot potential buying opportunities and also stay top of mind for referrals and recommendations.

4) Are you a TRUE EXPERT? At the end of the day, the perfect prospect who needs your service and is ready to buy still won’t buy from you because they don’t perceive you as the expert. They may see you as capable and credentialed, but unless they’re looking for the cheapest solution, they’re going to want the best. You need to lower their risk and uncertainty, especially if you’re selling a big ticket service. Sharing your knowledge through writing and speaking, so they can see that you understand their problems and know the solutions, is a way to get started. A more advanced strategy is to associate yourself with trusted brands through partnerships and collaborations.

The best time to make your case against these arguments is BEFORE you are in front of your ideal prospects. You want to build your value as a LEADER in your field so you stand out among everyone else who does what you do, and you want to be VISIBLE so you can be seen by as large an audience as possible.

photo credit: Kevin Dooley

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© 2012, Liz Lynch International LLC

WANT TO USE THIS ARTICLE IN YOUR NEWSLETTER, BLOG OR WEB SITE? You can, as long as you include this complete blurb with it: “Liz Lynch, author of Smart Networking: Attract a Following In Person and Online, shows accomplished business professionals how to connect to the right people and attract the opportunities they deserve. To become a more visible leader in your organization or industry, visit www.LizLynchOnline.com.”

Keys to Connecting Through Conversation

An entrepreneur recently asked me about passion. He was always so passionate about his company’s products and the latest and greatest thing that he was doing that he couldn’t stop talking. Then suddenly he would notice that faraway look in his listeners’ eyes, and realize he’d lost their attention.

When you’re in business for yourself, or even in a corporate setting, your enthusiasm for what you do and why you do it may be boundless. It’s so gratifying to be doing exactly what you want to do.

But how do you keep from alienating your audience if they don’t share your passion for business process re-engineering, for example, or saving the Allegheny muskrat?

At the end of the day, people will gravitate toward you (or not) based on how you make them feel. What you say does play a role, but even if they connect with your words, they can feel disconnected from you as a person if you’re not showing interest in them.

Here are a few fundamentals:

1) Monitor how well you’re communicating. Does the crowd at a networking meeting appear to stay connected to you? Are they eager for you to follow up with them? Do your one-on-one meetings result in progress? If you can’t answer with a hearty yes, you could use some improvement. But it’s a big step just to realize this!

2) Take a pause. Once you’ve relayed a short example or story about your work, don’t go right into the next thing you want to say. Pause and give the other person a chance to jump in. If you’re holding a drink, take a sip so they have a chance to be heard.

3) Learn how to ask questions. The best way to stay on track in the conversation is to engage from the beginning. Ask questions to open the door and show you are interested in what they have to say. I’m not sure you can regain the attention of your audience once you’ve lost them, but if it’s possible to do so, asking questions is the key.

Whether it’s your lunch meeting, a cold or warm business call, a networking get-together, or any other situation in which you hope to cultivate a new customer or partner, making them feel included and valued and listened to shows you care about them as individuals, and that makes all the difference.

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© 2012, Liz Lynch International LLC

WANT TO USE THIS ARTICLE IN YOUR NEWSLETTER, BLOG OR WEB SITE? You can, as long as you include this complete blurb with it: “Liz Lynch, author of Smart Networking: Attract a Following In Person and Online, shows accomplished business professionals how to connect to the right people and attract the opportunities they deserve. To become a more visible leader in your organization or industry, visit www.LizLynchOnline.com.”

Social Media Sharing: 3 Questions to Ask Before You Post

The good and the bad about social media is that there aren’t any firm rules. You can choose how you want to use it, post whatever you want, connect — or not– with whomever you want. For example, some use LinkedIn to connect only with those they already know, and some use it to expand their network and are willing to accept invitations from anybody. Both approaches are totally valid and the best one for you depends on the goals of your business.

But, just because there aren’t any firm rules, doesn’t mean there aren’t some best practices you should be following. If your intention is to use social media to build your business, then focus on activities that advance your cause, and stop doing or minimize everything else. If you’re killing hours of time playing games or watching videos of kittens, and then complaining that social media takes too much time and doesn’t work for you, you should re-evaluate what you are doing.

And this lack of rules leaves some people a little lost. In every social media workshop I’ve attended, those who aren’t active yet say they haven’t jumped in because they really don’t want to post what they’ve had for breakfast that morning. And yes, if you feel compelled to post things like that, then please don’t bother. But there’s so much information that you could be sharing.

What you need to do is ask yourself these 3 questions:

1) What can I share to enhance my credibility? The majority of your posts should be intended to increase your reputation as an expert in your field. That means sharing articles and resources — your own and from others — that your followers would find helpful. It’s perfectly okay to share something personal every once in a while, that’s what adds dimension to your profile and helps people connect with you on other levels, especially if they share your same interest.

2) What can I share to help me stay in touch? Social media makes it easy to keep in touch with so many people in your network in just minutes a day. On Facebook, you can see which of your friends is having a birthday. On LinkedIn you can see who just got promoted or changed jobs. It takes just seconds to say “happy birthday” or “congratulations” or to “like” a post. It’s like tapping someone on the shoulder and saying “Hi, I noticed you today.”

3) What can I share that will help someone else? Again, it takes seconds to share a link or retweet a post on social media, which means that in seconds, you can help someone in your network spread their message. No matter how busy they may be, they’ll notice you in a very positive way because you’ve helped them. Every little touch point helps strengthen your relationship over the long term.

Hopefully this simple but powerful framework will help you become more visible and relevant in your industry and to the people in your network, and spark many more opportunities to advance your goals.

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© 2012, Liz Lynch International LLC

WANT TO USE THIS ARTICLE IN YOUR NEWSLETTER, BLOG OR WEB SITE? You can, as long as you include this complete blurb with it: “Liz Lynch, author of Smart Networking: Attract a Following In Person and Online, shows accomplished business professionals how to connect to the right people and attract the opportunities they deserve. To become a more visible leader in your organization or industry, visit www.LizLynchOnline.com.”

Stop Saying No to Yourself So Others Can Say Yes

I had an eye-opening experience on a recent trip to California that gave me a fresh perspective on how easily we get in the way of getting what we want.

When you stop yourself from making that phone call, or going to that event, or reaching out to that specific contact, it usually has more to do with what you’re saying to yourself internally than what is happening around you externally.

I was sitting at the gate in Philadelphia when our gate agent made the announcement that the flight was full and they needed a few volunteers to give up their seats. Compensation included a $300 travel certificate and a guaranteed seat on the next available flight. She mentioned that those of us making connections (I was flying to San Francisco through Chicago to burn up some soon-to-expire frequent flyer miles) might even be able to get on non-stop flights on other carriers and she would be happy to check out the options for us.

For a second, I thought of getting out of my comfortable seat and volunteering, but then, other thoughts quickly replaced that one. Thoughts like…

“It’s too much work, and I might not get what I want anyway.” I had just gotten my iced coffee, found a good seat at the gate and was enjoying the first few bites of my Luna bar when the call for volunteers was made. Did I really want to gather everything up, roll over to the desk, stand in line and then be told, “We don’t need any more volunteers.”? Was it worth the trouble?

“What if I end up worse off?” My mind quickly drew a picture of me stuck in a middle seat on a cross-country flight, and I shuddered. Or what if I boarded late and all the overhead bins were full and I had to check my carry-on. Did I want to take the risk?

“Where I am is good enough.” In very short order, the negative thoughts swirling around in my head had me rationalizing that arriving in San Francisco on my original flight — close to midnight and with a stop over in Chicago — really wasn’t all that bad. Wasn’t it just easier to stay where I was?

“I have a frequent flyer ticket, they won’t want me.” This was probably the most dangerous thought of all. I was taking myself out of the running, justifying my inaction using completely made up criteria. How ridiculous was that?!?

That did it. I snapped out of my “complacency trance,” strode over to the desk and offered my seat. They weren’t sure they would need me, but took my information. Within 45 minutes I was on my way to a neighboring terminal to catch my new non-stop flight to San Francisco.

I couldn’t have had a better experience. I got a window seat in the second row, there was plenty of overhead space for my carry-on, we arrived a full hour early, AND I got frequent flyer miles for the trip even though it cost me nothing. I couldn’t believe that I had nearly talked myself out of taking action. And all it took was a few minutes.

Where do you stop yourself in your business or your life because of the stories you believe about how things work and the assumptions you make about other people?

Change that right now and make a commitment to yourself to do ONE THING this week that you’ve held yourself back from. When you stop saying “no” to yourself, you give more people around you opportunities to say “yes.”

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© 2012, Liz Lynch International LLC

WANT TO USE THIS ARTICLE IN YOUR NEWSLETTER, BLOG OR WEB SITE? You can, as long as you include this complete blurb with it: “Liz Lynch, author of Smart Networking: Attract a Following In Person and Online, shows accomplished business professionals how to connect to the right people and attract the opportunities they deserve. To become a more visible leader in your organization or industry, visit www.LizLynchOnline.com.”