Won’t Cha Be My Neighbor…
Tuesday, October 11th, 2011When I started my new business back in August, one of the requirements was insurance. The company required me to either upgrade or add outright general business liability, property, and bodily injury. All totaled, the insurance required with my new company is worth more than $1.4 million.
We went with our current carrier for home and auto right out of the gate – just to get the coverage we needed. We questioned however if the coverage was adequate or if the rates were competitive.
After all the dust settled from getting our new business off the ground, we decided to shop around for better coverage and rates. One of the candidates happened to be a neighbor of ours. She knew us personally, and she had just made a switch to another company that had been attempting to recruit her for some time. We were blown away by the rates, the assortment of coverage, her attention to detail, and the personal attention we received.
When she came by the house the other night with a hard copy of the new policy, she provided a handful of business cards and asked us for referrals.
I couldn’t help but laugh at how her sales process worked. How ironic that if she had done the same exact thing with some MLM or Network Marketing gig, it would have been “unethical” or “hounding” us for even asking for referrals.
Because she works with a “traditional business” nobody thinks twice about this type of marketing and promotion.
I then started to drill back over the last year and thought about all the business we had done with neighbors who were introduced to us either because we knew them personally, or because they were introduced to us by other neighbors who hired them and were pleased with their work.
I thought back to the new roof we put on the house last year that was completed by a neighbor of ours. He doesn’t do a lick of paid advertising, and he was actually recommended to us by another neighbor who had their roof done by the same neighbor. All of his business comes from referrals.
When we repaired the rotted trim on the house and had the outside of the house repainted this summer, we got a number of quotes. As you probably guessed at this point, we settled on another neighbor to do the work for us. He wasn’t the cheapest, but we felt the quality of the materials and paint along with his reputation as a quality craftsman was worth the slightly higher price.
We’ve since raved about his quality work and materials to other neighbors who now admire our new look in the neighborhood. In addition, he’ll get more business from us for a new makeover in our master bath, and a new outdoor area in our back yard that we want to have done by next summer.
The Dealership we bought our new Town and Country Limited from – also recommend by a neighbor. As it turns out, we’ll be recommending that same Dealership as well. Not only was it the easiest, most pleasurable car purchased we’ve ever made, if someone mentions our name, we’ll get a $200 referral kickback from the Dealership when they purchase.
You, yourself can most likely think of your own examples of business you’ve done with personal contacts and neighbors or business that started as a referral like this.
So what gives with this phobia anti-MLM Zealots have with Network Marketing companies doing the same thing? Why – or more accurately “how” could business like this be perceived as unworthy, unethical, or hounding someone for business?
Truth is, after reading and talking with anyone who attempts to make an exception out of MLM for this type of promotion and marketing doesn’t have the proper business background to speak intelligently about marketing.
It screams “ignorance”.
Any true business owner, traditional or MLM will tell you that this type of marketing and promotion is by far the most cost effective – and because it comes from word of mouth (or referrals) it’s potentially the most effective form of promotion there is. Having a testimonial from a third party like this is incredibly powerful and desirable from both the seller and the buyer.
If you ever hear someone complain about MLM or referral marketing and promotion consider the source. Do they have a business of their own? If they do – how successful is their current business? If it’s not – there’s your limiting belief.
Until they change or modify this belief, they’ll continue to struggle and remain unproductive and unhappy.
It’s no coincidence that the neighbors we have that are the most happy, and the most active around the neighborhood are also business owners. They get it.
And if you ask any of them – business is booming.
From the looks of it, anyone who comes in contact with them can tell that’s true. Like us, they’re driving new cars, getting improvements done to their house, and are able to spend just as much time as we do participating in neighborhood gatherings and social events.
Why? Because they know how to market and promote like just like a Network Marketing company does.
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Doug & Ronda Bauknight AKA: TravelPro Travel Agent / Networker Phone: 678.458.5812 |
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