3 Easy Ways to Boost Your Business with Networking
by Biba F. Pédron
Everybody is in agreement that in business, networking plays a
determinant factor in your growth and your success. So why do so many
people jump from one networking event to another without any results and
complain that networking is not working?
Networking is a way of life. It is one of the fastest ways to grow your
business and one of the most cost-efficient marketing tools.
Here are 3 easy and low cost ways to maximize your networking results:
1 - Follow-up
Usually, people like big events. They feel great when they enter a room
packed with people. Big events are great if your goal is to get a bunch
of business cards, but not if you are trying to get business. What do
you do with all those cards? Be honest, most people put them on their
desk or in a shoe box, eventually enter the information on their
rolodex, but don’t do anything with them. Why? Because they collected so
many that they are overwhelmed and don’t know how or where to start..
They just don’t have a follow-up system.
Statistics show that we need to hear or see a message at least 7 times
in order to notice it. So if you follow up only 2 or 3 times you are
losing business. A networking event is a way of introducing yourself and
starting a relationship with the people you meet. It is definitely not a
place to sell. That is why so many people are confused – they missed
the point and wanted to sell right away. You may get a client after an
event but usually networking takes time, patience and consistency.
That is why it is important not only to have a follow-up system but to have a 7 step follow-up system in place.
• Send an email in the next 24 hours.
• Send a thank you note (in this age of technology, sending a
handwritten thank you note will make you stand out from the crowd).
• Send a postcard
• Send articles or information related to their industry
• Use direct mail
• Send a newsletter
• And of course, call them
Be creative in order to follow-up and differentiate yourself from
others, especially from your competitors. Stand out from the average
entrepreneurs. Be unique!
2 – Join a networking group. Choose the best format for you.
Personally I prefer small events because I get more business out of it.
That is why with Biba4Network most of my events are limited to 15
people. Even if sometimes I organize mixers - where I have 30 to 60
people - as a way of spreading the word and bringing everybody together.
But small groups allow you to: start a relationship right away, have
the time to really introduce yourself and your business, which is more
efficient than speaking with somebody for 3 seconds, giving your card to
them and then going on to the next person.
Recently, I attended an event, where there were about 80 people. I
thought I was actually joining a more intimate group but it was too late
to leave. So I decided that my goal would be to speak with 5 people so
that way I would have the time for a real conversation. While I was
speaking with somebody, a woman came up to me, interrupted our
conversation and said, “I just wanted you to have my card.” She put her
card in my hand and left. She didn’t introduce herself, tell me her name
or find out who I was or what I did. But apparently her goal was to
give out as much business cards as she could during the event. Not only
is this attitude very rude but it is also totally useless. However, I
thought that maybe she was new to networking and didn’t know how it
works so I gave her the benefit of the doubt. The next day I sent her an
email to follow-up, to get a chance to learn more about her business.
Guess what! She never returned my email and of course never called. So
what is the purpose? No wonder so many people say that networking is not
working.
To achieve better results in networking, join a minimum of two groups
and commit to it instead of trying to go to every event and meet people
only once. Being committed to a group will help you to build a
relationship, learn about people, trust them and then do business with
them. When you get to know and trust them you will either work with them
directly if you need their products or services, or you will give them
referrals because you know that if you send people to them they will be
satisfied with the result. And you don’t want to be in a position to
refer somebody to someone else whose work is bad, as this will have a
negative impact on your reputation.
3 – Create strategic alliances
Would you rather meet a thousand people, one at a time, or meet a few
people who will each introduce you to a thousand. Most people see
networking events as a place to get contacts one at a time or make one
sale at a time.
Now think about this. What about looking for people who have the same
target market as you, but are not your competitors, and offer great
complementary products or services to you. So that working with them
will be a great opportunity to access their clients or mailing list. You
can cross-promote each other, you can organize events together, you can
do a mailing campaign together, it is a win/win situation.
Let’s say you partner with 2 new entrepreneurs a month and have access
to their rolodex. I am not saying that they will sell you their list of
clients or prospects, but through them you can get exposure to their
clients or prospects. If they have one thousand, two thousand, or even
twenty thousand people on their mailing list, instantly, you have access
to those thousands of people.
For example, when I mentioned on my Biba4Network newsletter, “Biba
Recommends” the business that I am promoting to get exposure to the two
thousand people on my list.
People pay more attention because I am the one who recommended the
product or service. The people on my list know me and trust me, so they
will check and learn more about this product or service. It is more
effective than if you just put out a regular ad. And at the same time
the business I am promoting is promoting my products and services on
their newsletter and I get exposure too, to thousands of people that I
don’t even know.
That is what I show in my program “The Power of Networking”. Instead of
looking for one prospect or one client at a time, look for people or
businesses you can partner with. Make a list of the businesses who are
complementary to yours, to create strategic alliances with. Strategic
alliances are one of the fastest ways to grow your business.
When you use networking that way, then you don’t need to meet everybody
in the room. The only thing you need is to find a couple of potential
strategic alliances. Look for quality instead of quantity. That is what
happens at my events and all the testimonials of member’s success
stories come from: first, people who commit to attend the monthly
meetings, second from people who create partnerships, work together and
promote each other. That is how some of my members were able to grow
their businesses by 30% in less than 3 months.
Stop wasting your time attending every event and start growing your
business with networking, learn more about “The Power of Networking”. In
this 5 step program, you will find everything you need on how to
maximize your networking results.
You will learn: how to create an outstanding business card – how to
polish an elevator pitch which will hook your audience so that people
will remember you – how to create a 7 step follow-up system to turn more
prospects into clients – how to use your newsletter to promote your
products or services without hard selling – how to create strategic
alliances to grow our business faster. You can read more about it and
get your copy of “The Power of Networking” at
www.biba4network.com/networking.html
(c) 2006 Biba F. Pédron
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Biba F. Pédron is a marketing consultant, founder of Biba4Network, that
specializes in networking for small business owners in the greater New
York area. Biba helps entrepreneurs to maximize their networking results
so that they can grow their businesses faster. Biba is the author of
“Start Your Dream Business Today! The Proven 11 Steps to Start and Grow
Your Own Business”. www.startyourdreambusinesstoday.com For more
information or to receive free tips like this one, please visit
www.biba4network.com