Business Networking Doesn’t Work For Everyone Or Does It?

Posted on April 11, 2022 by dayat

Have you ever spoken to someone in business who says “Oh yes – I tried networking once and it didn’t work for me.”

Over my years in business and having attending hundreds of networking events, I’ve heard this or a similar phrase many, many times. I’ve also been told that business networking doesn’t work for everyone and for a while I reflected on this point to see if I agree and actually, I don’t.

Now if you put it another way and say “not everyone who does business networking makes it work” then that is another matter. Also, “not all types of business networking events work in the same way for everyone” I can agree with that as well.

Whatever your business or profession, networking at some level can and will have a positive impact on you and your business, especially when you do it well.

Over my last 7 years in business, I have been an active member of a business referral group and I have seen numerous members come and go. Frequently I see people in the same business or profession who achieve very contrasting results from their networking activity. Why is this?

I’ve seen business owners leave declaring that networking is rubbish and a waste of time and then someone else has joined to replace them and they get so much business that they happily declare that the group has been their absolutely best source of business and they wish they had joined years earlier.

The difference isn’t their business or necessarily their professional competence. It is however their attitude. The successful Networkers are the ones who commit to and embrace the qualities and values of the group. They focus on helping others first and trust that they will be helped in return. They build trust and respect and because they regularly attend the meetings and support the group and its members, including at social events, they become well-known and definitely well-liked by their colleagues and associates.

When you start with a great positive attitude and add to that tried, tested and proven skills and techniques of rapport building, etiquette and personal communication among others, you dramatically improve your personal effectiveness.

In terms of not all networking events working in the same way for everyone, it really is important to find groups that you feel comfortable in. Networking is a powerful and highly effective way to generate referral business, wherever you do it.

Networking isn’t a quick fix to generate immediate extra business and sales when you suddenly realise that your orders have stopped coming in. Networking isn’t a hard sell ‘close the deal’ approach to business.

Networking is a slower process for cultivating trust and nurturing contacts and connections. Networking is highly effective at generating strong personal and business relationships that will deliver long-term repeat business on recommendation and referral.

Whatever your business is, having other people tell people they know about you and being happy to refer others to you, is a benefit that will leverage your own time and resources. When you add value for and help the people you meet, many of them will help you in turn.

If however, your focus is on a quick return, ‘a fast buck’, what’s in it for me approach, networking will not deliver what you are looking for.

Tony Altham is Business Networking Coach, Trainer and Professional Speaker who specializes in teaching entrepreneurs and professionals how to build powerful relationships that generate long-term profitable business via referral and recommendation.

Business Networking Skills [http://www.tonyaltham.com] by Tony Altham Business Networking Coach and Trainer

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What Are Modern Business Networking Groups Anyway?

Posted on April 11, 2022 by dayat

Maybe you’ve just started up in business and you’ve heard about modern networking groups and how important they will be to your new business. Maybe you need to expand your business and venture into new areas and feel that networking groups may help. So what is this modern networking all about and how does it differ from the old-fashioned networking where you simply kept in regular touch with your friends, peers and business colleagues?

Here is some good news. There is no fundamental difference. Networking, in both the personal and the business sense, will always be about building solid, quality relationships over time.

Modern business networking groups are basically groups of business people who meet regularly for networking purposes and business growth.

The bad news is that a great many modern business networking groups are actually profit generating businesses in their own right. Attendance of the various groups can be quite expensive for new or expanding businesses. Getting the fundamentals of networking right can, however, more than recoup the outlay in terms of business generated and profits made. As with all aspects of running a business, the onus is on you to measure this Return on Investment (ROI) and act appropriately to ensure that you are where you want to be at all times.

As this article is aimed at business networking, I will talk about using the “Know, Like and Trust” approach and why it is an excellent way to go. It is a proven and repeatable process that will stand you in good stead. As with so much in life, the more time and effort you put into the process, the better the results you will obtain.

Remember that business networking should never be about selling – you should be engaged in quality relationship building. You may of course sell early on if conditions prove ideal but that is not your primary aim. Pushy salespeople will be easily get to the Know stage but rarely any further.

At the Know stage of the process you are aiming to build a network of people who know about you and know about your business. You should commit to being consistent in attending events and make a real effort to keep in regular contact with your developing network group. The members of your network group will then see you much more and therefore get to know you much more. You will be on their collective radar. At this stage you will get to know them as well. You may well know many, if not all, of the network group within quite a short time. You will begin, hopefully, to move into the Like sector.

Reaching the Like stage is not actually about being liked in the sense of “I like Andy, he’s a really great guy”, although being liked in this way is obviously a real bonus. Rather, you will be liked as in accepted as a serious and consistent business person with a good business offering. The members of the networking group who like you would readily consider asking for your advice or input and might even consider referring you if the opportunity arose.

Bear in mind here that you are aiming for quality business relationships. You will not be liked by all members of the group and, in turn, you will not like all of the group members. It is unrealistic to think otherwise. The numbers in your network circle at each stage of know, like and trust process should reduce. It is simply a factor of the time available to spend on maintaining each relationship and the depth of the various relationships. You have to go for quality over quantity if all parties in the deeper relationships are to benefit.

The real business benefits start at the Trust stage of the process. Here, people will genuinely want to work with you or have you do work for them and they will happily recommend you to others if asked. They may even become advocates for you; actively and enthusiastically looking for opportunities for you, as they work with their own clients and customers. This group should be your networking core. You will form close bonds and you will likely become good friends with them. You will likely be acting as their advocates as well. You will have to earn this trust and maintain it well. Remember, what goes around comes around in the world of business and business networking.

I enable individuals and organisations to develop far more effective, persuasive and influential face to face marketing, sales, presentation and speaking skills. I also write and speak about face to face marketing and

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