The number of referrals a business receives within a year's time often determines its success. Some experts believe referrals are the key to closing sales; and that your company would soon be swirling down a black hole of disaster without them. With a little guidance, a new business owner can learn how to generate 'solid' leads.

Networking

Networking is vital to your business' success. You should always be networking, and not just with potential clients. Network with your local chamber of commerce, business groups, and even your competition. Opportunities for networking are all around you, take advantage of them. Is there any business related seminars or events in your area be sure to attend.

Trade Shows

Trade shows can be a great source for referrals if you use the opportunity effectively. Invest in a nice banner that displays your company logo, website, and phone number. Try to lease a booth that is near a main entrance or walkway. High traffic areas carry the most potential prospects. Be creative and raffle off a product or service. One FREE giveaway can generate a list of 100 or more leads. The money you spend in material and freebies will be well worth it in the long run.

Share Business Ideas With Friends and Family

Make sure your family and friends know all about your business and the services and products you provide. Educating those you know about your business is a great way to obtain referrals. It is very important that they understand what you do. Learn how to subtly turn any conversation into great marketing opportunity for you.

Write Interesting Material

There are hundreds of e-zines and website on the Internet which can provide a wealth of referrals for your business. Write a business related article full of interesting tidbits that subtly sells own business venture. By adding plenty of links to your website you'll have an increase in traffic by ten fold. This is a great way to get in touch with people who are already interested in your type of business.

Join Internet Programs

Internet gurus stress the importance of using Affiliate Programs. Some claim that a website that only specializes in affiliate programs will earn you thousands of dollars for doing nothing. But, the real advantage of an affiliate program is "getting the news out." Each time someone signs up for your affiliate program, a link, or banner appears on the affiliate's site. It's an inexpensive way to advertise your business in a more adverse market.

Use Marketing Material

You really need to have some knowledge of marketing in order to get referrals. A simple conversation is a breeding ground for referrals if you are a "people person". When talking with other business pros like yourself, always be certain to ask for a business card so you have an excuse to give them yours and make a lasting impression.

Several weeks after your meeting be sure to send a thank you card and brochure or discount card. This will let people know you've enjoyed meeting them and look for to doing business with them in the future. Also let them know that family, friends, and colleagues are invited to take advantage of any savings you have passed on to them. Done correctly you can end up with hundreds of referrals from just one conversation.

Expensive or not, referrals can be obtained by being a little creative and knowing other business professionals. A hermit, who sits behind a computer all day and does nothing to socialize, has less of a chance to succeed at receiving referrals; while energetic professionals can have flocks eating out of their palm. In the end, use the tools available to you and reap the benefits.