Small Business Networking – Create a Breakfast Club

The small business network is the single most powerful thing that you can join in order to bring our business to the next level. This group also acts as an insurance policy against disaster. Some business owners do not have time to participate in a full network. Here is an alternative method that you can use to help your business today.

It’s called a breakfast club. This is a small networking group of business owners that meets once a week, or once a month for coffee and donuts (or whatever you want to eat). These meetings are not formal, but they do serve a single purpose- to get more business for each of the owners present at the meeting.

The way these meetings work is that the meeting can only consist of members that are non-competing with each other. Perhaps you have a lawyer, a dentist, a plumber, an accountant, and a web designer. Each of these members has their own customer list, but they are not able to provide any of the other services of the other members. During that particular month of business, these business owners will try to find out additional services that their customers may need help with. This allows the business owner to be more full-service for their customers, which is an added bonus and helps keep the customers around longer.

When the owners get together, they swap customer leads with each other. They will explain the needs of each customer and then give the leads to the person that can help them. Now, the new business has a qualified lead, because the original business owner told the person that they had someone that could help them.

The new customer visits the business and is already pre-sold before they even walk in the door. All that the service provider has to do is assure them that they can solve the problem as best as possible and close the deal. There is no cold calling in this situation, because the lead is pre-qualified. This is only one of the benefits of a breakfast club. If you have the time, you can expand it to a full-blown network, capable of many other things. However, if you only have the time to meet once a month, you can still benefit greatly from this small act of lead exchanges. Just think, all you have to do is get a cup of coffee once a month and you can gain thousands of dollars worth of new business.