Power Partners Roundtable

Llewellyn FalcoThis meeting's focus was on cultivating your relationships with your power partners.  We often talk about the fact that networking is more like farming than hunting, but it is simply not enough to just scatter some seeds.  You need to water and fertilize and care for your 'crop' to reap a full harvest. 

To see what the potential of a well developed power partnership yields, Llewellyn led us through an exercise where we calculated that dollar amount.  For those of you that missed the workshop, do this simple calculation:

   _____ estimated # of shared clients a power partner talks to each month
x  _____ dollars per client
= $_____ potential revenue per month 

We recommend you do the entire sheet attached below (just click on the picture to download).

 

Empowering your Power Partner

After we figured out what the potential rewards of the partnership are, we talked about the efforts needed to realize that potential.  Jasmine shared that her company has sent her to a week-long university to train her on how to sell her products as well as hundreds of online courses and regular workshops.  It does not seem surprising at all that a company would invest those kinds of resources into having a good sales person.  Yet surprisingly, many of us have not met our own power partners in their place of business nor given them marketing material to help them sell ourselves better.

We'd like to remind you that there are one or two members in our chapter with whom spending some extra time and effort working with will yield an extraordinary return.

And remember, one of the best ways to incentivize a person to bring business your way is to give them business first.

To start the meeting off we did an exercise to help our members connect: a visitation lightning round, where we paired up with a member across the room and quickly tried to identify 3 things we had in common.  Llewellyn discovered that he and Michael Calabrese are both avid scuba divers in San Diego. 

What did you discover? 

Christina WainrightChristina Wainwright, the manager from the Pacific Beach Library and Llewellyn's girlfriend, visited to learn some networking techniques that she could bring back to her library and to finally see what Llewellyn's been up to Thursday mornings for the last 3 years.

Matin AtrushiMatin Atrushi, our financial planner was our show boater for the meeting.  His show boat highlighted the different financial options that he provides outside of the stock market to help keep his clients' portfolios growing despite the state of the economy.

 9

We passed 9 tips today. 

Tipping was pretty low this week, in large part because half of the group is on vacation.  There's a natural ebb in the attendance every summer as people go on vacation.  We look forward to seeing everybody's return along with the tip numbers.

At the beginning of the month, we started our Hey Big Tipper program to help boost our tipping.  Each month, one lucky member (this month, it's Jasmine Guerrero) is selected as the target, and whomever gives that person the most tips over the month gets $100.  2nd and 3rd place finishers get $50.  The end of the month is almost here, so there still is a chance to jump up the leader board and take the prize.  Here's the current stats:

Rich Yumul 5
Mikel Bruce 5
Llewellyn Falco 5
Rob Colosia 2
Debbie Bonham 2
Seth O'Byrne 2
Matin Atrushi 1
Barbara Lukehart 1
Karen Gibson 1
Cindy Freeland 1

Instead of our normal 30 second commercials this week, we heard from our members about their visitations.  Our visitation program is one of main ways we build the relationships between members, and it's always interesting hearing about each other from a different member's perspective.

 

Have a great week!

- Rich & Llewellyn

Thought for the Week:

Doing what you love is the cornerstone of having abundance in your life.

- Wayne Dyer

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When it comes to marketing and business development, networking is one of the affordable and effective ways to grow your business. Wealth in Networking LeTip is a San Diego organization of professional business people focused on business development and growth. We meet Thursday mornings from 7:00 am - 8:30 am at the Riverwalk Golf Course Clubhouse in Mission Valley. JOIN US for breakfast and grow your business!

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