Feedback Form
Home Features Mastermind Forums About Advertise Blog Network Contact Be An Author

G A I N S in Word of Mouth Marketing

G A I N S in Word of Mouth Marketing

For success in generating referrals, it's crucial to know your sources -- the members of your word-of-mouth team. To that end, there are five things that are critical that word-of-mouth marketing teams should know about each other.


These five things are not mysterious secrets; they are facts we are exposed to every day, but often pay little attention to because we are not aware of the benefits we can accrue by sharing them. I call this sharing the GAINS Exchange:


*Goals

*Accomplishments

*Interests

*Networks

*Skills


If you know the GAINS categories and use them effectively, you can strengthen your relationships, create strong organizations, and live a more rewarding, productive, and enjoyable life. This is also a two-way street. Not only should you know these things about others, you should share with them the same information about yourself.


Goals

Goals are the financial, business, educational, and personal objectives you want or need to meet for yourself and for people who are important to you. They could be problems you want to resolve or decisions you need to make, either immediately or down the road.


Whatever they are, you need to define your own goals clearly and specifically and you need to have a clear picture of the other person's goals. Indeed, the best way to develop a relationship is by helping someone achieve something that's important to her. If you do, she'll remember you when you need help achieving your goals. You'll become valuable sources for each other, and your relationships will endure.


Accomplishments

Some of your best insight into others comes from knowing what goals they have achieved, what projects they've completed, what they have accomplished both for themselves and for others. Accomplishments, whether as student, employee, organization member, parent, friend, sports fan, or neighbor, tell you more about a person than any number of intentions or attitudes.


People like to talk about the things they're proud of. Engage your referral sources in casual conversation; encourage them to talk about their accomplishments. Sharing your accomplishments may lead to fortuitous surprises, such as a mutual interest, or connection that can be beneficial for both of you.


Interests


Your interests can help you connect with others. People are more willing to spend time with those who share their interests or know something about them; if you and your referral source share many of the same interests, it will strengthen your relationship.


Passions are your most important interests. A passion is something you love to do, something you could do all day long without encouragement or compliments from others.


Networks

A network starts with any group (formal or informal), organization, institution, company, or individual you associate with for either business or personal reasons. You have many networks, both formal and informal.


As the saying goes, "It's not what you know but whom you know" -- and to that you can add, "whom the people in your network know.” As you share your networks with others, you will build relationships faster--relationships that lead to business opportunities.


Skills

The more you know about the talents, abilities, and assets of the people in your referral base, the better equipped you are to find competent, affordable service when you or someone you know needs help. Think about what you do and identify the special skills you have; exchanging this information will help business relationships grow as well.


To summarize, getting to know the people you want to help you generate word of mouth for your business will result in your ability to reciprocate. This, in turn, will create a synergy of giving that won’t ever stop! What a great way to build your business. Using the GAINS Exchange is a fun and valuable way to take your word-of-mouth marketing to an all-new level.

Called the father of modern networking, Dr. Ivan Misner is a New York Times bestselling author and Founder of BNI (www.bni.com), the world’s largest business networking organization. His latest book, Truth or Delusion can be viewed at www.TruthorDelusion.com. Dr. Misner is also the Sr. Partner for the Referral Institute, an international referral training company (www.referralinstitute.com). He can be reached at misner@bni.com .





G A I N S in Word of Mouth Marketing - To learn more about this author, visit Ivan R. Misner's Website.

Like this article? Share it with your friends

Article Feedback
 Article Feedback No article feedback found.
  Leave Your Feedback
article feedback

Article Feedback
John Power
John Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website

Dave Kurlan
Dave Kurlan is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling and 101 Great Ways to Improve Your Life, Volume 2. - Visit Dave Kurlan's Website

Jeff Foster
WebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas.  We specialize in internet consulting & internet marketing
- Visit Jeff Foster's Website

Stephanie Robey
Stephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals.

She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com   Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences.  Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University.

Read Steph's Blog
Meet Steph and Dave
Sign up for our Free 7-Day BootCamp: Self Employed & Rich
- Visit Stephanie Robey's Website

Joe Dager
Joe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website

David Acheson
David Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns.  David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website

Jay Kubassek
(Jay's Full Bio: EvanCarmichael.com/jaykubassek)  In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.

 

As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)

 

Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. 

 

Jay resides in NYC with his wife Jamie, son Milo and dog Cooper.  Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website

John Alexander
John has taught keyword research and SEO skills to small groups of business owners and Webmasters from over 80 different countries world wide since 2002. John is also the Director of Search Engine Academy ; Co-director of Training at Search Engine Workshops offering live, SEO Workshops with his partner SEO educator Robin Nobles, author of the very first comprehensive online search engine marketing courses at SEO Training Online and the SEO Workshop Resource Center.
I look forward to hearing from you! - Visit John Alexander's Website


To learn more about the Evan Elite Author Program please contact us.

About The Author


Ivan R. Misner
(Visit Ivan's Website) Dr. Ivan Misner is the Founder & Chairman of BNI, the world’s largest business networking organization. BNI was founded in 1985 and has thousands of chapters throughout every populated continent of the world. Each year, BNI generates millions of referrals resulting in billions of U.S. dollars’ worth of business for its members. Dr. Misner’s Ph.D. is from the University of Southern California. He has written ten books, including his latest bestsellers; The 29% Solution, Masters of Sales, and Truth or Delusion? Busting Networking’s Biggest Myths. He is a monthly columnist for Entrepreneur.com and is the Senior Partner for the Referral Institute – a referral training company with trainers around the world. In addition, he is an esteemed member of the iLearningGlobal.tv faculty and has taught business management and social capital courses at several universities throughout the United States. Called the “Father of Modern Networking” by CNN and the “Networking Guru” by Entrepreneur magazine, Dr. Misner is considered to be one of the world’s leading experts on business networking and has been a keynote speaker for major corporations and associations worldwide.

Ivan R. Misner is a Platinum author on EvanCarmichael.com
About The Author

View Author Blog
View Author Blog

View Author Video
View Author Video

Free Downloads


Ivan R. Misner's

Complete
List Of
Marketing
Articles

Name
Email
If you enjoyed this article, get Ivan R. Misner's Complete List of Marketing Articles For FREE!

More Ivan R. Misner
Engage Your Staff in The Word of Mouth Process
Network With Confidence
How to Network With a Large Group
Creating an Effective Business Card
Networking at Conferences and Trade Shows
Debunking the Six Degrees of Separation
Whats Better A Lead or a Referral
5 Ways to Break Into Online Networking
G A I N S in Word of Mouth Marketing
Referral Truth or Delusion
Free Downloads


 
 
 


Evan Elite Authors
Leanne Hoagland-Smith  
David Acheson  
Kim Castle  
Evan Elite Authors

Become An Author
Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details.
Become An Author

Evan's Latest Video
Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media
Evan's Latest Video

Business Opportunities
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"

How to Start An Online Business

Click Here To Learn More
Business Opportunities



Evan's Newsletter
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
Name:
Email:
Evan`s Newsletter

Free Downloads
Franchise & Distribution Icon Franchise & Distribution
Become a Better Closer! Icon Become a Better Closer!
Ezine Choices Icon Ezine Choices
JV Considerations Icon JV Considerations
Maslow For Entrepreneurs Icon Maslow For Entrepreneurs
Free Downloads - Complete List

Entrepreneur Tools and Guides
Top 50 Niche Blogs 2009
Top 50 Niche Blogs 2009
Top 50 Niche Blogs 2009
 
The Top 10 ProBlogger Posts - Best Posts for Bloggers
The Top 10 ProBlogger Posts
Best Posts for Bloggers
 
Entrepreneur Tools and Guides

SEO For Africa
SEO For Africa
Adjoyo Elom Afemeku Lomé, Togo,
Adjoyo Elom Afemeku
Lomé, Togo
SEO For Africa

If I Were A Startup...
Razor Suleman, $143k to $5.4 Mil in 5 years
Razor Suleman
$143k to $5.4 Mil in 5 years
Travis Hartley, 426% Growth in 2 Years
Travis Hartley
426% Growth in 2 Years
If I Were A Startup... - Complete List

Famous Entrepreneurs
Chad Hurley Steve Chen, YouTube
Gordon Moore Robert Noyce, Intel
Famous Entrepreneurs - Complete List

Entrepreneur Advice
Keith Ferrazzi, Never Eat Alone
Keith Ferrazzi
Never Eat Alone
Brad Feld, Venture Capitalist
Brad Feld
Venture Capitalist
Entrepreneur Advice - Complete List

Popular Articles
(Premium Authors)

     Building Business Relationships - Networking without the Work
By Sally Jacobs

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

More Evan Carmichael
More Information