
{"id":11415,"date":"2019-12-17T14:10:23","date_gmt":"2019-12-17T14:10:23","guid":{"rendered":"https:\/\/liquidcapitalcorp.com\/?p=11415"},"modified":"2026-07-22T14:13:55","modified_gmt":"2026-07-22T14:13:55","slug":"6-ways-to-expand-your-business-referral-network","status":"publish","type":"post","link":"https:\/\/liquidcapitalcorp.com\/es\/blog\/6-ways-to-expand-your-business-referral-network\/","title":{"rendered":"\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad6 ways to expand your business referral network"},"content":{"rendered":"<p><strong><em>A strong business referral network can bring new life to your business strategy, but they don\u2019t happen by accident.<\/em><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-11416\" src=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2019\/12\/Business-referral-network-1030x687.jpeg\" alt=\"Business referral network\" width=\"781\" height=\"521\" srcset=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2019\/12\/Business-referral-network-1030x687.jpeg 1030w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2019\/12\/Business-referral-network-300x200.jpeg 300w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2019\/12\/Business-referral-network-768x512.jpeg 768w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2019\/12\/Business-referral-network-1536x1024.jpeg 1536w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2019\/12\/Business-referral-network-2048x1365.jpeg 2048w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2019\/12\/Business-referral-network-1500x1000.jpeg 1500w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2019\/12\/Business-referral-network-705x470.jpeg 705w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2019\/12\/Business-referral-network-450x300.jpeg 450w\" sizes=\"auto, (max-width: 781px) 100vw, 781px\" \/><\/p>\n<p>It takes time and effort to foster a high-quality business referral network that you can count on. But while you probably already know that building those relationships is essential for business success, you might still be avoiding giving it the attention it deserves. Maybe you\u2019re focusing on other priorities&#8230;maybe you don\u2019t have time to network\u2026or maybe you\u2019re not quite sure how to get started.<\/p>\n<p>Building a high-quality business referral network doesn\u2019t have to be a chore. It can actually be strategic while still being enjoyable.<\/p>\n<p>Treating referrals as a business development pipeline instead of a casual, ad hoc exercise is the first step. As <a href=\"https:\/\/hbr.org\/2007\/01\/how-leaders-create-and-use-networks\" target=\"_blank\" rel=\"noopener noreferrer\">Harvard Business Review explained<\/a>, building and sustaining relationships can help business leaders solve problems, uncover new insights, and achieve business outcomes. So we&#8217;ve gathered a few strategies you can use to strengthen your relationship building skills and increase referrals:<\/p>\n<h2><strong>1. Diversify your business referral network to build new relationships<\/strong><\/h2>\n<p>Staying inside the same network or circle can deepen existing relationships, but it can be hard to develop new ones. Instead, go outside of your immediate circle of acquaintances and begin meeting new people in adjacent circles \u2014 and beyond. Looking at your second-degree connections can be a less intimidating starting point, for example, with a partner supplier, vendor or one of their trusted customers.<\/p>\n<h2><strong>2. Put as much into your business referral network as you expect to receive<\/strong><\/h2>\n<p>Effective business relationships require a give-and-take from both parties. Offer and deliver your expertise and assistance. Connect colleagues, clients and partners, or share industry information others would find useful. This will encourage those in your network to reciprocate when you also need a helping hand.<\/p>\n<h2><strong>3. Recognize and thank those in your business referral network <\/strong><\/h2>\n<p>Whether with a phone call, email, holiday card, or handwritten note, acknowledgment of a referral encourages partners to refer even more. They see you appreciate the fact they&#8217;re helping you achieve your business goals, increasing the chances they&#8217;ll refer more in the future. Who doesn&#8217;t like to hear \u00abThank you\u00bb every once in a while?<\/p>\n<h2><strong>4. Invest quality time with key relationships<\/strong><\/h2>\n<p>As your circle grows, it will be hard to spend time with everyone. So you must determine which relationships are the key connections to your growth. These relationships will generate higher returns in the short and long term and are worth spending time on. Don\u2019t spend as much time nurturing the ones that aren\u2019t providing you value, and you may consider \u2018retiring\u2019 other referral contacts that have consistently fallen short. Remember, more is not always better. It&#8217;s the quality of the relationship, not the quantity.<\/p>\n<h3><em>Read: <\/em><a href=\"https:\/\/liquidcapitalcorp.com\/blog\/biz-tips\/5-tips-to-grow-outstanding-referral-partnership\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>5 steps to grow an outstanding referral partnership<\/em><\/a><\/h3>\n<h2><strong>5. Pay attention to the local social and business landscape<\/strong><\/h2>\n<p>Your community already has bonds, loyalties and networks of its own. It&#8217;s time to make them work for you. Research events happening in your community, whether it be on your local Chamber of Commerce website, in your partners\u2019 social news feeds, or in industry publications. Keep track of conferences, tradeshows and meetups where your referral network may be attending. Recognize the ebb and flow of your community \u2014 then get involved where possible. Bonus: You might even open up areas to gain a new competitive advantage along the way.<\/p>\n<h2><strong>6. Prune, nurture and reshape your network often<\/strong><\/h2>\n<p>A business network is a dynamic, living thing that will grow and contract over time. You should cultivate relationships with partners essential to your business growth and eliminate the ones who are no longer useful \u2014 which can sometimes even mean <a href=\"https:\/\/liquidcapitalcorp.com\/blog\/can-redesigning-my-client-base-create-a-healthier-business\/\" target=\"_blank\" rel=\"noopener noreferrer\">customers<\/a>. Revisit your network regularly so you can see which relationships you should continue to nurture.\u00a0Work this tactic into your ongoing business plan and make it a business objective to keep your network trim but powerful.<\/p>\n<p>Focusing on relationship building as a business pipeline can have a dramatic effect on your business. It takes time to develop them to the point where referrals come through to you consistently. Following these strategies will be part of building your own process to grow a successful business network.<\/p>\n<p><em>Read more about how to <\/em><a href=\"https:\/\/liquidcapitalcorp.com\/blog\/business-growth\/how-to-use-referral-sources-to-increase-sales\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>leverage referral partnerships to increase your sales<\/em><\/a><em>. And learn more about our <\/em><a href=\"https:\/\/liquidcapitalcorp.com\/referral-program\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Liquid Capital Referral Partner Program<\/em><\/a><em> if you are a commercial finance professional, a BDO, or a banking professional that is interested in extending your network.<\/em><\/p>\n<p><strong><em>About Liquid Capital<\/em><\/strong><\/p>\n<p><em>At Liquid Capital, we understand what it takes for small, medium, and emerging mid-market businesses to succeed \u2013 because we\u2019re business people ourselves. Our company is built on a network of locally owned and operated Principal Offices, so whenever you\u2019re talking to Liquid Capital you\u2019re talking directly to your funding source and a fellow business person.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A strong business referral network can bring new life to your business strategy, but they don\u2019t happen by accident. It takes time and effort to foster a high-quality business referral network that you can count on. But while you probably already know that building those relationships is essential for business success, you might still be [&hellip;]<\/p>\n","protected":false},"author":138,"featured_media":11416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148,1],"tags":[],"class_list":["post-11415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biz-tips","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad6 ways to expand your business referral network - Liquid Capital<\/title>\n<meta name=\"description\" content=\"Building a high-quality business referral network doesn\u2019t have to be a chore. 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See these 6 ways to network like a pro &amp; expand your contacts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/liquidcapitalcorp.com\/es\/blog\/6-ways-to-expand-your-business-referral-network\/\" \/>\n<meta property=\"og:site_name\" content=\"Liquid Capital\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/liquid.capital\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-17T14:10:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-22T14:13:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2019\/12\/Business-referral-network-1030x687.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1030\" \/>\n\t<meta property=\"og:image:height\" content=\"687\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Julia Borgini\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Liquid_Capital\" \/>\n<meta name=\"twitter:site\" content=\"@Liquid_Capital\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Julia Borgini\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/blog\\\/6-ways-to-expand-your-business-referral-network\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/blog\\\/6-ways-to-expand-your-business-referral-network\\\/\"},\"author\":{\"name\":\"Julia Borgini\",\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/#\\\/schema\\\/person\\\/398f3c7239e1e02fbb20d8e56bbdf028\"},\"headline\":\"\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad6 ways to expand your business referral network\",\"datePublished\":\"2019-12-17T14:10:23+00:00\",\"dateModified\":\"2026-07-22T14:13:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/blog\\\/6-ways-to-expand-your-business-referral-network\\\/\"},\"wordCount\":811,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/blog\\\/6-ways-to-expand-your-business-referral-network\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/Business-referral-network-scaled.jpeg\",\"articleSection\":[\"Biz Tips\",\"Blog Posts\"],\"inLanguage\":\"es\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/blog\\\/6-ways-to-expand-your-business-referral-network\\\/\",\"url\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/blog\\\/6-ways-to-expand-your-business-referral-network\\\/\",\"name\":\"\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad\u00ad6 ways to expand your business referral network - Liquid Capital\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/blog\\\/6-ways-to-expand-your-business-referral-network\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/es\\\/blog\\\/6-ways-to-expand-your-business-referral-network\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/Business-referral-network-scaled.jpeg\",\"datePublished\":\"2019-12-17T14:10:23+00:00\",\"dateModified\":\"2026-07-22T14:13:55+00:00\",\"description\":\"Building a high-quality business referral network doesn\u2019t have to be a chore. 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