Networking Skills for Building a Strong Client Base

90.99% of all my freelance work has come from referrals. Ok so that's not an exact figure, but it's close. I've landed one client from a cold email and another through Upwork. The rest: All high-quality referrals. Since many of you asked, I'll tell you how. Here are three things I consistently do to get referral business: 1. Give referrals. I stopped trying to be everything for everyone a while ago. I realized that if I do my best work and tap other people to do something I don't specialize in, it's a win for everyone. If we've worked together on a project or developed a relationship (and I know that you do good work), then you're on my list. I'm constantly giving referrals and pointing leads in the direction of folks who I know can get the job done well. More importantly: they're lovely to work with. This creates goodwill. It also keeps me top of mind with my referral network. When a job that matches my skillset comes across their world, who they gonna call? Not ghostbusters. 2. Maintain a system for building relationships. This "system" for me is nothing more than an AirTable spreadsheet, where I list my contact's name, what they specialize in, their ideal clients, and notes from our most recent conversation that'll help me deepen the relationship. That last column is the most important. During all of my relationship-building calls (a.k.a. networking), I take note of things that are top of mind for the person I'm speaking with. Maybe they just had a baby. Maybe they bought a house. Maybe they're about to launch a new product or service. Then, I put a date on the spreadsheet for when I want to reach back out and check in with how it's all going. I genuinely care, and having a check-in system ensures I'm following through on building the relationship over time. 3. Create strategic relationships. Beyond the relationships I naturally build with people I work on projects with or friends of friends in my network, I'm strategic about whom I spend my time talking to. By that, I mean connecting with people who provide adjacent services. For me, that means people who do PR, design work, paid ads, email marketing, social media management, etc. These are all folks who provide complimentary services to my content strategy work. We don't compete—we compliment. That's a beautiful referral ecosystem right there. There's more to this, but these things will get you started if you're not already strategically using your network to get ideal clients and projects. Was this helpful or should I go deeper here?

Here’s a secret to help you supercharge your networking. Stop trying to hit home runs with every touch point. Instead, focus on small wins that move the conversation forward. I see so many people making big / vague asks up front: “Can you hop on a 30 minute call?” “Tell me how you accomplished [Big Thing].” These people are super busy and they’re receiving this email from you - a total stranger. The last thing they want is another item on their to do list. Instead, start with a small, simple ask that they can reply to in <30 seconds. Here’s a formula that's been really effective for me: “Hey [Name], your experience in [Industry] is really impressive. I know you're busy, but I just had to ask: If you had to start over and work your way back to [Insert Achievement], would you do A or B? A: [Insert Actionable Thing] B: [Insert Other Actionable Thing]” This formula makes is incredibly easy for them to say "I'd do A" or "I'd do B." Now the door is open! Go do thing A or thing B, get results, and report back. Let this person know you took their advice and then ask for more. This positions you as someone who values their advice and has an action bias -- someone worth investing in. That's going to lead to deeper conversations and stronger relationships!

My greatest error when I started into this business? Thinking that doing good work would be enough to drum up word-of-mouth introductions. It was, until people stopping actively thinking about me as much as I desired. What can Fractional CFOs and FP&A advisors do to make connections easier and an ongoing part of business development? Here are the 6 activities I encourage: 1) Networking Don't just look for companies that need your help. Look for the people who know the people who need your help. Networking is a proactive activity to connecting with high-quality people with the sole intention of learning from them and helping them. It is not about passing out business cards and adding them to an email list. 2) Partnerships Seek a win-win-win scenario. If a company needs help, make it easy for others to refer you. If you are the right provider, you win. But so does the client and so does the referral source. Few of us have the time to send out cold emails, join 12 calls every day, all while doing client work. Teaming up with others who trust us and can market on our behalf increases the odds of connecting with great prospects. 3) Social Media We no longer have to meet people in person to show that what we do. But just as we wouldn't pass around business cards at a networking event, we shouldn't bombard people with constant pitches. A presence on social media doesn't need to be clickbait marketing and trying to hook people into consuming empty calories. Instead, it's an opportunity to showcase experience and expertise. 4) Sales Sales used to feel icky to me, because I felt that I was pressuring someone to buy into me. But sales isn't icky if what we're selling is the antidote to someone's pain. If we fail in selling the cure, we force prospects to buy a sub-par service from someone else. 5) Workshops and Speaking There is no better medium for business development, self-development, marketing, and networking than workshops and speaking. It forces us to develop confidence and mastery in our craft. It allows us to demonstrate our authority and expertise. But we can do this all within the context of service to others. They have come to learn something new and we can be the ones to offer those lessons. 6) Masterminds Masterminds allow people to come together to learn from and challenge each other. As an advisor, we don't have to be the foremost expert in the room. We just have to be able to run a great facilitation and share wisdom. ---------- Some people think that Fractional CFO work is all about word-of-mouth introductions, delivering a recurring accounting package, and coasting once they have a bundle of clients. But clients change. And that means that over time: Needs change Scopes of work change Demands on our time change We might no longer be the right fit Doing great work is not enough to build a sustainable and growing financial advisory practice. That's table stakes. Active marketing is the key to sustainable growth.

Want to be a good networker without being too cringy? Here are my tips for success: I call it The SCHMOOZE Method because isn't that what it is? S – Skip the Boring Intro Nobody cares about your official title, hook people with a killer oneliner about what you actually do. Instead of "I'm a financial consultant," try: "I help people stop making dumb money mistakes before it’s too late." C – Cut the Sales Pitch Networking is not speed dating for sales. If you treat people like walking dollar signs, you’ll be ghosted faster than a bad Tinder match. H – Have a Killer Story People remember stories, not stats. Got a client who doubled revenue because of your help? Share that. M – Make It About Them Ask powerful questions. The most powerful phrase in networking? "Tell me more." People love to talk about themselves. If you let them, they'll like you more and you might actually learn something too. O – Own Your Weirdness Nobody remembers Mr. Generic Business Guy. Lean into what makes you stand out. Quirky, nerdy, obsessed with a niche? Good. That’s your brand. Me? Snarky in case you didn't know. O – Offer Real Value A tip, an intro, a resource: give something before you ask for anything. It builds trust and makes you instantly more likable. Z – Zero Follow-Up = Zero Results Met someone interesting? Follow up like a human, not a spam bot. A quick email or DM with something relevant (not “just checking in”) keeps you top of mind. E – Exit with Purpose Don't let a good conversation fizzle into awkward silence. End strong: “This was great, let’s set up a quick call next week,” or “I’d love to send you that article I mentioned.” Give them a reason to remember you. "Networking isn’t about collecting contacts, it’s about connecting dots. Be the person people want to connect with, not the one they avoid. Be human, be real. You might even make friends along the way. What did I miss? Tell me below.

Sellers often mistake connections for relationships. Here are 5 ways you can build high-impact relationships, whether they’re specific to an opportunity, or they’re part of your greater network. ✅ Map out the relationships you have for a specific opportunity. I do an exercise with clients where we build out their relationship ecosystems and buying roles in an opportunity. This will give you a picture of strengths and gaps. Mapping your relationships doesn’t need to be time-consuming; it will pay off by helping you accelerate progress and reduce risks in your opportunities. ✅ Assess for gaps and get beyond the typical silos. You might be building relationships only where you’re most comfortable. Your success will be in getting beyond your comfort level; you can do that by assessing and filling in relationship gaps. In mapping your relationships you’ll see patterns. For example, you may see a pattern where you’re selling only one product or solution to one type of role. You’re siloed and likely missing many other relationships. This is especially important if your growth strategy includes expanding different products or services within your client base. ✅ Build your strategic alliances. This one strategy has made a significant difference in both the quality of my relationships and the quality of the opportunities I’m able to create. Do you have alliances outside of your organization, with other providers serving like clients? A way to begin is by creating a list of the tangential providers who sell non-competitive products or solutions to your clients and verticals. From there you can assess which ones are the most promising and begin building those relationships. ✅ Focus on deepening relationships with current clients. In the quest to always earn net-new clients, deepening relationships with current clients is often forgotten. But this can be the best source of continual, high-quality opportunities. One strategy is to create a list of your top ten clients and then create a relationship map for each one. See where you can uncover new relationships and new ways to serve that client. You’ll amplify your success with a client where you already have trust and credibility. ✅ Aim higher in the organization. You might be used to working in the middle of an organization, and in many cases that may be where your decision-makers are. But you can (and should) build awareness and relationships at the higher levels of an organization. Ways you might start this process include introductions on LinkedIn, sharing of research and insights that can improve their business, or a request for a higher-level leader to join your next account review or project meeting. To get started, choose one of your top clients and begin working through at least one or two of these strategies with that client in mind. It will undoubtedly open more relationships and also opportunities to serve your client and win high-value business. #ModernSeller #Sales #Relationships

Recently, I've had 40+ conversations with founders, investors, and partners - here's what I learned about building a powerful network. I remember attending a national training at KPMG with thousands of professionals from across the U.S. They asked each team: "What's the most valuable thing you'll get out of this event?" We submitted "Networking will be the most valuable thing we get out of this event." I was shocked when they called out our answer as the winner across all teams. It took me years to really understand this. When I launched Mighty Digits, my first 2 customers came from within my network, giving me freedom to build while securing income. Some of my largest customers came from relationships with VC firms who trusted us with their portfolio companies. As the saying goes: "It's not what you know, it's who you know." To me, it's both - but if I had to choose one, it would be the people in my network. A good network naturally raises your IQ and yields 10x dividends. ➡️ IDENTIFY WHO YOU WANT TO NETWORK WITH Everyone wants to connect with their ideal customer, but don't stop there. Connect with other service providers who serve your target audience but aren't competitive - alternate services or same service in different regions. My favorite people to connect with are investors, since there's strong correlation between investing in a company and wanting confident financial records. Start by making a list of the most ideal people to network with and work backwards. Avoid focusing only on customers to sell to. ➡️ HOW TO CONNECT WITH YOUR TARGET AUDIENCE "Ask for money and get advice, ask for advice, get money twice." Your goal with networking is NOT to sell anything. Your goal is to provide value and establish relationships. Sales come naturally as relationships are nurtured. Four ways to connect: — Reach out for warm intros through mutual connections — Send targeted cold emails that are relevant and personalized — Host events that allow them to expand their network too — Attend events and approach people in groups or standing alone ➡️ THE FOLLOW-UP FRAMEWORK This is the most important part. After connecting: — Send follow-up email with thanks and conversation recap — Find ways to offer value first - referrals, advice, resources — Keep in touch quarterly to see how you can be of service — Treat your A-list players with appreciation - gifts, meals, personal thanks === Networking is a long-term play. Relationships take time to build, and many may not go anywhere. But for those that do, you can build an entire business on them. What's been your experience with networking? Do you have any tips for building powerful relationships? Share your thoughts below 👇