5 Keys to Successful Networking
Many business owners and professionals today have made networking a part of their regular marketing schedules. That’s because most networking events are low-cost or free of charge and help business owners and professionals gain extra exposure for their business.
As an entrepreneur myself, I have networked at many different events from chamber mixers to huge international business conferences. So, I can confidently say I have made every mistake in the book! But I have also learned some tricks that can truly make networking successful. As the Managing Director of the Folsom, California chapter of eWomenNetwork, I have made it my goal to share these tips and tricks with my fellow networkers. Here are five keys that I have found help to improve the effectiveness and profitability of any networking event.
Key #1: Do Your Research and Choose Wisely.
There are so many networking events out there. You could easily run yourself ragged going to several each week. While you may not spend much money to network, you could be wasting your precious time if you don’t do your homework.
Make sure there is enough time at the event to nurture relationships. What good does it do you or your business if you take time out to attend an event and never get to talk to anyone about what your business can offer?
Make sure that there will be people in your target market in attendance. If you can speak with people who can benefit from what your business offers or know people who can benefit, a networking event can be a powerful tool to help your business gain that all-important exposure.
Key #2: Prepare and Go With A POA (Plan of Action).
Preparation is an important part of any successful venture, and networking is no exception. Yet many business owners think that if they give out a few flimsy computer printed business cards they will gain business. What they find is people don’t respond to their impression and so the event is not successful. This can easily lead to discouragement and often times these business owners feel networking is not for them and they give up.
In actuality, the reason the event was not successful is because the business owner didn’t take the time to PREPARE. It wasn’t the event’s fault. Networking is an excellent way to make business and personal connections and get your business out there. But you can’t do it half-hearted and expect good results.
When you get to a networking event have good business collateral. This means professionally made business cards with contact information so people can get in touch with you. Make sure there is space on the back for any notes you want to write about a conversation you had with someone to jog their memory the next time they look at your card.
Have well-designed hand outs, speaker sheets, flyers for upcoming events you will host, or brochures that people can take with them to remember they want to do business with you. Be sure to have all of the pertinent information on this collateral to make it easy for people to register or contact you about the information.
Prepare an elevator speech. This is a 15-30 second pitch about your business (See the article “Create An Elevator Speech That Brings You Clients”). This should be attention-getting. You should talk about a problem that your product or service solves, what is unique about you or your business, or an upcoming event you are hosting. Practice, practice, practice it until you are polished. You will be less nervous to get up in front of the group and your poise will express to the audience that you are an expert at what you do.
Bring a notebook and a calendar or appointment book. It is imperative that you write notes about the people you’ve met and conversations you had. If at all possible, make appointments at the event instead of promising to “get in touch” with people you meet.
Go with some goals. How many REAL connections do you want to make? What do you want to get out of the event? If you say it and plan for it beforehand, you will be more effective in achieving it. Three contacts, five contacts, seven appointments-whatever the goal, set it before you attend the event and be strategic about achieving it. Every time I do this it works out well.
Key #3: Be Present, Persistent, and Consistent.
Being present means showing up, talking with people, making connections. Make the most of the event. Don’t just come in, sit down, and do nothing. This may mean leaving the cell phone in the car. Leave your family stuff at home. Leave the office stuff at the office. Focus on the event and the people there.
Being persistent and consistent means committing to a group and showing up regularly. If your group meets weekly, go every week. Make the time to attend events regularly and be sure to show up. This allows others in the group to keep you in the front of their mind. When they see you regularly, they will more readily think of you when their business or a friend needs the services you provide. Remember, networking should be a part of your regular marketing plan.
Key #4: Follow Up, Follow Up, and Follow Up!!
Focus on making REAL connections. I know you’ve gone to a networking event in the past where everyone throws their business cards at each other, maybe says a few words about their product or service and then goes home. About a week later you find all those business cards and begin leafing through them. You can’t remember anyone of those people and certainly not what you talked about.
Keep your goal in mind. Make those contacts at the networking event. And above all, follow up! It just takes a few minutes to sit down the next day with the business cards of the five or so real connections you made and shoot them an email saying it was nice to meet them. Better yet, make a quick phone call. Let them know you enjoyed the conversation you had about (insert topic here…after all you wrote it on the back of their card like I taught you in key #2, right?). Invite them to meet you for coffee. Begin to build relationships because this is what will increase profits for you. Remember, the fortune is in the follow up!
Key#5: Build the Relationship and Keep It Going.
Here’s the thing: People will do business with you because they like you as a person. There are probably a bunch of people in your community that offer the same products and services you do. Networking allows people to get to know you as an individual-and when they like you they will tell others about you and use your product or service themselves. We do this at our eWomenNetwork events. During our luncheons, everyone at the table comes up with five things that are unique about them. Then we go around the table and share those things. You wouldn’t believe some of the things our members and guests share in common. Not to mention the amazing experiences of the incredible people who come to the event. Many great connections, both personal and business, have been made over the lunch table. Use networking events to get to know other attendees on a personal level as well as sharing your business.
You never know who the people you know know. Once you make a connection, build the relationship. The person standing in front of you may never use your service-but they may know several others who will. And if the person in front of you likes and trusts you, they will undoubtedly share that with those they know, resulting in an increase in your bottom line.
Keep in mind these five tips each time you attend a networking event. If implemented, these strategies will no doubt help you get the most out of your networking experience and improve your business’ profitability as well.
Julie Anderson is the Managing Director for the Folsom, California chapter of eWomenNetwork. To learn more about the dynamic eWomen Network members or to find out about events in your area, visit http://www.ewomennetwork.com/index.html.
Filed under: Business Success, Networking
