Yesterday I talked about the value of networking and how it can be so much more than just business, contacts, and referrals. Each day you are given the opportunity to meet and connect with new people. Last night as my friend and I walked into his surprise 50th birthday party I had a great feeling. How cool was it for him to stroll into what he thought was going to be a small gathering of people and to his surprise see 100 of his closest friends, clients, and family. It was a great time full of laughs, food, and of course cake! Throughout the evening more people seemed to be stopping in. I knew a few of these people but many I did not. Everyone knew my friend, everyone knew, liked, and trusted him. Seeing all these people celebrating in my friend’s birthday reminded of the Law of 250.
What is the law of 250? The law of 250 has been talked about my many of the best marketers including Joe Girard. Girard is listed in the Guinness Book of World Records as the World’s Greatest Salesman. World’s Greatest Salesman, there has got to be something to be learned from him! Girard sold more cars than 95% of all the dealerships in North America. He did this not just for one year but for 10 plus years! How did Joe do it? Girard believed in the law of 250 and knew if he could get everybody he made contact with to refer him into their network of friends, family, and colleagues that he could multiply his marketing efforts by 250. Michael McLaughlin the coauthor of Guerrilla Marketing for Consultants, trusted advice on successful consulting from the authors of the bestselling Guerrilla Marketing series goes in more depth on the law of 250 in his Guerrilla Consulting blog.
Everyone one of us have close friends in our life. If it was your 50th birthday who would you invite to attend? Who would you want to celebrate with? These are the people who are in your network of 250. These are the people that know, like, and trust you. You have a choice with each new person you meet; you can count them as one or invest in the relationship and tap into 250.