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BUSINESS DEVELOPMENT

It's part sales, part marketing, part branding, part market research and development.

But most of all, it's an art whose masters have made millions.

Join me as we explore this conversation

It's about the relationship . . .

I had a great conversation today with a someone I consider a friend who also happens to be a past client . Some things he said really struck a chord with me - given what I've been teaching for years now.

Bill Bergdoll of Bergdoll Insurance has recently completely overhauled his business and business model, given the shift in the economy. He scaled back his operation to the bare bones and began to circle back around to talk with clients that his agents had brought in (network development). He discovered that many of them, while having a policy, only had an auto or a motorcycle insured by his agency.

Why?

Because the agents never really thought about the people with whom they talked as a person to have a relationship with. The agents were focused on the transaction.

He said to me "I want to call them up and let them know how much money they really left on the table."

In one conversation he found that a client had several homes, motorcycles, cars, boats, etc. He was able to help that client save a considerable amount on his overall cost of insurance.

Why am I talking about this?

Because many of you are leaving lots of money on the table. Heck, as I sit here, I can see I'm probably doing the same.

And that money that's being left on the table represents value we can bring to our current book of business. The people we already spent the time, energy, and money to acquire. You don't even need to think about developing new sources of business - it's already there.

In business development, it is all about the relationship.

I challenge you to look at your book. Read the CAN - PAN - FAN article I wrote. Really audit your book of relationships. And see how you might be able to deepen the value you bring your clients.

Remember that in dynamic economic conditions, it's the dynamic that profit.

Raymond Chip Lambert
Network 2 Networth
Deep Business Development

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Getting Started with LinkedIn®

I've been writing some time now about Linked In® and using it as a business development tool.  My clients have asked me where they should start.  Whether you are new to LinkedIn® or a long-time user, there are some critical things you need to know about LinkedIn® and how to use it to develop business and long-term business relationships.

  1. Know why you are using LinkedIn – just being on the system does nothing for you – you have a network – so what – you’ve got one in real life too – how effectively are you using it?
  2. Do a complete profile – it is counterproductive not to take full advantage of all the features of LinkedIn® because you don’t feel like filling out the pertinent info. You are missing some of the best features in LinkedIn® if you don’t fill out a complete profile.
  3. Strategically build your network – just inviting everyone you know will give you big numbers – but so what. Big numbers with a purpose is a powerhouse. Big numbers without one is nothing more than a mirror of how you’ve built your current network – and how well is that performing.
  4. Join groups for things you are already affiliated with. You will discover a tremendous amount of value in your already existing networks – it’s there – you just can’t see it.
  5. Integrate LinkedIn® into your business development plan. Once you’ve built your network, you’ll be amazed how many places you can go and get into where you couldn’t event get through the door before.

If you are serious about unlocking the value of your networks and the value of your already existing book of business, get some training on the LinkedIn® system. It's true that you could spend months of your valuable time researching and trying to figure out all the amazing things you can do with a well- built LinkedIn® network. But you run the risk of making a few fatal errors than can get your account shut down and the time it takes to get it cleared up with customer service.

Get trained. Spend your time doing what you do well.

 

Raymond Chip Lambert
Network 2 Networth
Deep Business Development

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Contact Info

If you'd like to reach me you can do so by various means

 

Email:  chip@network2networth.com

Phone:  602-635-4541

LinkedIn Profile: www.linkedin.com/in/raymondchiplambert

Mailing Address:

                                 4757 E Greenway Road, Ste 107B-218

                                 Phoenix, AZ 85032

 
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