Wedding Favors

Business Lessons from the Wedding Mafia




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One of my clients shared a story with me from his networking

group, a chapter of BNI. Ivan Misner, the creator of BNI talks

about what he calls contact spheres.



Heres how it works: A group of related business owners work

together to get referrals for each other. Here are some of

Misners examples of contact spheres:



*Business services: printers, graphic artists, specialty

advertising agents and marketing consultants.



*Real estate services: residential and commercial agents, escrow

companies, title companies and mortgage brokers.



*Contractors: painters, carpenters, plumbers, landscapers,

electricians and interior designers.



*Healthcare: chiropractors, physical therapists, acupuncturists

and nutritionists.



*Weddings: the caterer, the florist, the photographer and the

travel agent.



The story my client told me was about the last group which has

been dubbed The Wedding Mafia. When one gets new wedding

business, the whole group gets new wedding business. It makes it

very difficult for anyone else to get referrals. Its a

tremendous business builder. I have a client in real estate who

does this very well also. Its one of the most powerful business

building tools ever.



So, my client and I were joking around about me developing a

Small Business Mafiaa small business consultant, an insurance

agent, a financial planner, a printing company, an office supply

company, a tax preparer, etc. The more we joked about it, the

more powerful an idea I realized it was. And since I do business

both locally and nationally, I could form numerous branches of

my Small Business Mafia and then (insert evil laughter) I could

CONQUER THE WORLD!!!



Whooooaaaaa! Hold on. The key to success of any referral group

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like this is finding good people. The business owners you work

with have to be people you feel completely comfortable in

referring your valued clients to. Otherwise, your name and

reputation will get dragged into the ditch. Once youve found

people you love to refer, be sure theyre very familiar with

your business and the types of clients youre looking for. Give

the group as much or as little structure as needed to ensure

that referrals are flowing both ways. Then, go out and conquer

as much of the world as you want.







About the author:

Caroline Jordan, MBA helps self employed professionals build

satisfying businesses, enhance their reputations, improve cash

flow, and develop additional sources of revenue. For more tips

and strategies visit http://www.TheJordanResult.com







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