The Million Dollars Rolodex…Everyone Has One

Aug 18th, 2010 | By | Category: Business Start-up Strategies, Get New Clients

By Phil Wilkins

Right now, you have every resource you will ever need at your disposal. That’s right. Whether you’re seeking advice, venture capital, or a business lead, you have the means to get what you want. And the best part is, it’s all sitting right on your desk. How is this possible, you may ask. Through the amazing power of your rolodex! In fact, you could even say that you have a million dollars in your rolodex just waiting for you to discover it.

By working your rolodex correctly and networking effectively, you can essentially get anything you want or need. Unfortunately, many people are shy when it comes to networking for what they want. Sometimes they’re embarrassed of their “lofty” goals; other times they mistakenly believe that no one would bother to truly help.

In reality, people, especially successful people, are typically willing to help those who are willing to help themselves. So if you’re stuck and looking for that opportunity you need to reach the next level, networking is a great way to help you get there. Remember that there’s nothing wrong with bouncing ideas off of others and brainstorming about opportunities and possibilities. If you know someone who is doing what you want to be doing or who has expertise in an area you require assistance in, then start networking with that person right away. Here’s how:

1. Have a vision or goal for what you want.

Before you start networking, you must be clear about what you want to accomplish. If you want to own a franchise, for example, don’t simply state that you want to get involved with a franchise business. Be specific, as in, “I want to own a McDonald’s franchise in Chicago.” Actually see the location in your mind. The more clearly you can envision and articulate your goal, the easier it will be for others to help you.

2. Decide who can help you reach that goal.

With your goal firmly in mind, you can now decide who may be able to help you reach that goal. Who are the connectors or influencers within that industry, specialty, or topic that you have in your rolodex? Who can help you get from Point A to Point B? Realize that you’re not cold calling everyone you know at random, hoping to find that “lucky break.” Rather, you’re deciding who is relevant to the goal you now have. Going back to our franchise example, who do you know in the franchising arena, or who would have resources, connections, or pull in that industry?

3. Meet with your key contacts.

Now that you’ve identified specific people who can help, call or e-mail the person. A good approach is to say, “I have an idea I’d like to discuss with you. Can I take you to lunch [or breakfast] so we can talk about it?” Buying a lunch or breakfast is a small investment for getting the connections or information you need. Once you’re actually meeting with the person, be direct about what you’re looking for. For example, you might say, “I’d like to own a McDonald’s franchise in Chicago. Do you know anyone who does that or who works in the franchising arena?” Even if the person doesn’t know someone who could directly help you, he or she may be able to refer you to another connector who does have the contacts you need. Call or e-mail every lead you receive. Even a referral from a referral of a referral can take you where you want to go

4. Send a note of thanks.

Always send a thank you note for the meeting. Most people are busy, so if someone takes time out of their day to talk with you about your ideas or goals, you must thank them for their time and for any referrals or leads you received. This is the crucial step that even the savviest networkers miss. When you don’t thank people for their time or information, you lessen the chance that they’ll want to help you again in the future.

5. Be a connector for others.

The more you connect others, the more they’ll connect you. So rather than just tell people what you want, find out what they want. Then, be on the lookout for things, people, or events that can help them. For example, if you find out that someone you’re meeting with is looking for some real estate investment property, and you happen to come across a potential piece of property, don’t dismiss the information simply because you’re not interested in investment property. Make note of the opportunity and share it with those who are interested. Your sincere desire to help others will go a long way during future networking meetings. 

6. Treat the information you receive with respect.

Whenever you receive a lead or contact in a particular industry or company, treat that information as private property. That is, don’t give out the contact’s personal information unless you have permission to do so or you have developed a good relationship with the contact and now consider him or her one of your friends or close colleagues. So if you’re meeting with someone a few months later who is looking for similar information that you were seeking previously, don’t simply hand out the referral someone else gave you as if it were one of your personal contacts. Call the person who originally gave you that contact or lead and ask if you can share that information with others. Unless you specifically know that it’s okay to share that contact’s information with others, always go back to the original referring party and ask for permission to share the lead.

Network for Success

If it’s taking you longer than you’d like to reach your goals alone, put your rolodex to work and start networking. Remember, networking isn’t about uncomfortable introductions at a business event. It’s about harnessing the power of your existing contacts so you can reach your objectives sooner. So start thinking about those people in your rolodex who can point you in the right direction. You never know…that next phone call you make to one of your contacts may be the one that makes your million-dollar idea a reality.

About the Author:

Phil, author of “Own Your Business, Own Your Life!  21 Strategies for Becoming a Wealthy Entrepreneur,” is a highly sought after speaker and consultant.  He helps companies across America in the fields of management, teamwork, balanced lifestyles, and growth and development.  He owns three businesses: Diverse Wealth Systems, a training and consulting organization, Rising Star, Inc which owns four McDonald’s® restaurants in Lexington, Kentucky and PJK Holdings a real estate investment company.  Phil was recognized by the state of Kentucky by the Small Business Administration as The Small Business Person of the Year (Runner Up) in 2004.  For more information, please contact him at 888-663-6254 or at


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