It constantly amazes me that the first place people turn to inspire people to refer them is financial reward, yet nobody has ever admitted to being motivated by such promises in any of my networking workshops. In this video Andy Lopata explores whether there is a role for referral fees in your word of mouth marketing strategy.
My personal code of ethics states: Never accept money for giving or receiving a referral. If I like them and trust them and they perform exceptional service, they go on my referral list.
If you decide to accept or pay others in your network for referrals, be sure you give full disclosure.
I do not recommend that you get started on that path.
Video: Copyright © 2012 – Andy Lopata.
Copyright © 2012 – Larry James. Larry James is a Professional Speaker, Author and Coach. He presents networking seminars nationally and “Networking” coaching by telephone or one-on-one. His latest book is, Ten Commitments of Networking: Creative Ways to Maximize Your Personal Connections! Something NEW about Networking is posted on this Networking BLOG every 4th day! Visit Larry’s Networking Website at: “Networking HQ!”
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In business networking there are several ways to talk about follow up. One is the kind of follow up you have with a client or customer once they become a referral or business lead. That is what the “Bonus Articles” listed below talk about. The other is how you follow up with people in your network who give you referrals.







