After a really good networking meeting you will often see people still engrossed in conversations. Many of them will have their diaries to hand arranging meetings. It is this follow up activity in between networking meetings that really make the difference. If you are always rushing off right on time you might be missing out.
We noticed this happening after our NRG group meetings so we now set aside time in the meetings so everyone can be engaged in this activity. Next time you put a networking meeting in your diary try and leave some space beyond the formal end so you don't have to rush off.
Good Networking!
Dave Clarke 
Showing posts with label Business Networking. Show all posts
Showing posts with label Business Networking. Show all posts
Be careful not to leave too early
The BIG Mistake That Means Networking Doesn’t Work
Andy Lopata asked me recently to write an article on the mistakes that people make in business networking. This article is now published in Andy's newsletter at Fresh Business Thinking. As I researched the topic with my network and reflected on my experiences I realised there was one BIG mistake.
Business people often turn to networking at different times. Start ups will often network like crazy early on and established businesses will often start when traditional routes to market dry up. The thing they very often have in common is the idea that networking is the answer to their problem. This first and BIG mistake that many people make is they dive headlong into the activity of networking with a complete misunderstanding of what networking really is.
This activity often involves looking for opportunities to ‘network’ with lots of people. They attend group meetings (once) swapping business cards with everyone they can, broadcasting their message, chasing immediate transactions and moving on. They join online networks, put together a profile and broadcast some more. After a while this doesn’t work and many conclude that networking doesn’t work.
Some think they may need to do something differently and they may get some training into how to work the room and how to craft the perfect elevator pitch. They do the rounds again and wait for the avalanche of new clients to contact them by email, phone, twitter, linkedin, facebook et al. Again this doesn’t work and a few more conclude that networking doesn’t work.
It doesn’t have to be that way! There are plenty of networking groups out there with experienced business people that will help you avoid the mistakes and make sure networking does work for you and your business. For 10 tips on learning from the mistakes others have made go the to full article on The BIG Mistake That Means Networking Doesn’t Work.
Good Networking!
Dave Clarke
Something to do with those business cards you collected
I was interrupted last week at a networking group meeting by someone who wanted to commend something to the group. Positive interruptions that enhance your message are always very welcome! He said it had been a really useful exercise to go through all the business cards he had collected over a couple years after reading the NRG workbook on developing your business networking plan.
He had separated these cards into the four categories suggested in the workbook. He uses Outlook to manage his contacts so he then created these categories in Outlook. He entered the details of any new contacts into his Outlook Address Book and then put all his contacts into those categories. This means he can now manage the interactions he has with his network more effectively. He can also see, at a glance, who he needs to focus his networking activity with.
The four categories of contacts are your Outer Network, your Resource Network, your Inner Network and your Advocate Network.
Your Outer Network is made up of the people that you have met, but have no real connection with. You don't know what you could do for them, but it is useful to have a record of where and when you met. You paths may well cross again and you make that connection.
Your Resource Network is made up of the people that you have met and you know them well enough to recognise they have a particular skill or offer a valuable service. You don’t want to spend more time in developing a relationship with them, but they are useful to introduce to other contacts when appropriate.
Your Inner Network is made up of the people that you have met, have had some sort of follow up and are building a relationship. They share a similar target market to you and probably provide a service that is complementary to yours. We will call them your Inner Network & it is spending time with these people that starts to make networking really work. One really efficient way of doing this is to ensure you belong to the same networking groups.
Your Advocate Network is the small group of people you would go out of your way to find introductions and referrals for. The people you advocate are the people you have already developed a relationship with and you know, like, rate and trust them. It is spending time doing things for these people where you get the highest networking returns.
Successful networkers have up to 30 people in their Inner Network & about 6 Advocates. Do you know who these people are for you?
Good Networking!
Dave Clarke
The secret to getting results when networking for business
I interviewed Chartered Accountant, Douglas Shanks, last week about generating results from business networking. When talking about referrals Douglas said "The secret to getting referrals is giving referrals so focus on what you can give".
That simple sentence contains the essence of a successful approach to building your network. Obviously you will want to benefit from the relationships you build with others and you want them to advocate and refer you when they can. This short podcast explains the importance of advocating others in your network first.
Listen here:
Good Networking!
Dave Clarke
Are you networking or building your network
In conversation with a couple of people last week I asked if they thought there was a difference between networking and building your network. They answered that when they started formal networking they were recently out of corporate life and they thought networking was all about finding people to do business with directly. This meant they went around attending lots of meetings and finding loads of new people. They did training courses on elevator pitches, talking to strangers and working the room. They didn't generate any business, but they didn't give up.
They realised through their experiences that effective networking was not a one touch contact sport but about building a network as the one real asset of a small business or independent professional. It became important to find groups of like minded people to replace the things they took for granted in Corporate Life. They are now building relationships with people they have things in common with by sharing business, support and knowledge.
I believe that building the right network for you and your business is vital. If you start with that premise it gives you the real reason for networking and your whole approach changes your focus from you to the people you meet.
Good Networking!
Dave Clarke
The missing ingredient in business networking
I spent a day at the start of this week with some colleagues and associates in a regular monthly meeting for the leaders of our NRG Business Groups. The focus of the day is all about how we can help each other build our respective businesses through the collective power of our shared networks. The meeting is facilitated to keep our overall objectives in mind whilst enjoying it and the social element is an essential part of the mix. Our discussions and interactions are primarily about building business, but they are also about supporting each other and sharing ideas, knowledge and best practice.
Someone pointed out to me that the overall experience was very similar to many business and networking meetings. There was, however, one big difference. We were focused on an ongoing strategy for helping to build each others business rather than just networking for the sake of it.
For many people the missing ingredient in their networking is focus. They have a general idea, but no specific reasons why they are doing it. Without that focus it can be difficult to work out where to network, who to network with, when to do it, what it is really all about and how to go about it.
Maybe the title of this post should be the 6 missing ingredients...
If you know anyone who could do with some help with how to build their network in a strategic way then please share this free download to help them work on the four key steps to building business through networking - http://bit.ly/NRGpdf
Good Networking!
Dave Clarke
Do business networks collaborate or compete?
"Avoid the competition" was a comment from Courtney Sperlazza in response to my post entitled What is the right approach in business networking? She went on to explain:
"I don't mean to avoid your competitors. What I mean is, avoid the concept of competition. You can work collaboratively with anyone. Even if you're in similar industries, there is something the other guy can do that you can't do and vice versa. Some of us call those things opportunities!"
One of the first steps we encourage in our advocacy model to how business networking really works is to clarify your target market. This is not so you can sell to them at networking events. It is so you can work out who else deals with them and so who you should be networking with to create those opportunities for each other. Real networking is a collaborative activity where you get to build a sustainable route to market for the long term. As I have written before it is not the face to face equivalent of cold calling.
Imagine my surprise this morning when I received a note that said that someone could not attend a meeting of one of our groups because they were a member of a competing network!
Doesn't that miss the point of networks being places to collaborate?
The best example for the networks to set is to collaborate with other networks.
Good Networking!
Dave Clarke
Can you do too much networking?
Someone raised the possibility that they may be doing too much networking on the 4networking business forum last week. So can you spend too much time networking?
There are many people who spend too much time attending networking groups & events because they are not really networking. They are really engaged in the face to face equivalent of cold calling. They attend loads of meetings & broadcast loudly, but don't listen. They meet as many people as they can, but never have any time for others. Their idea of following up is to add you to their database. I could go on, but you know who they are. They don't really engage, share or build long term mutually beneficial business relationships.
There are some people who are networking with the best intentions, but don't give themselves enough time for following up. They may need to improve the balance of their networking time and do more one to one interactions between larger meetings.
Those people that 'get' how networking really works invest their time in building relationships with other people they have things in common with. They know that it takes time and you have to know, like, rate and trust someone before you will advocate them. They know this time is worth it as one 'Advocate' is worth far more than lots of one off transactions. They attend meetings to strengthen existing relationships and build some new ones. They get to share business, support, knowledge and have fun doing it too. This sort of networking is legitimate and necessary work time stuff and you probably don't have the time to do enough of it.
Good Networking!
Dave Clarke
How business networking really works
There are some people you meet who seem to 'get' networking instinctively. People seem to gravitate to them with a regular stream of opportunities for them and their business. They don't engage in the face to face equivalent of cold calling They spend most of their time with a regular close group of associates and advocates and a lesser amount of time making new contacts. They are active as participants, leaders and advocates of their networking groups.
They know that success from networking is about building relationships. Strengthening their existing ones and building appropriate new ones. They know that the best route to people they don't yet know is through an introduction or recommendation from someone they do.
It can be tempting to think that networking is about finding places and people you don't know. We can learn that is not from those who are successful through networking. As is often the case it's the counter intuitive approach that works. Network with the people you know to get to the ones you don't.
As Andy Lopata posted on Twitter yesterday "networking put simply is working with others to achieve more than we could achieve on our own.
Good Networking!
Dave Clarke
What is the right approach in business networking?
It can be tempting to only 'network' with others who do completely different things to you. People who provide different services or products and those from different professions. In fact some groups only allow for one member from each.
In reality it is often those that are more complementary to you that lead to more and quicker opportunities. The similarities mean you get to establish relationships more quickly and it is much easier to find referrals for each other without going out of your way. Even those groups that exclude members in the same line of business recommend joining other more open groups as part of your overall networking strategy.
In the UK a couple of days ago the new Government took their places in Parliament. For the first time in 70 years in the UK there is a coalition government. Whether it will be a success remains to be seen, but it would be refreshing to see a new politics. One that sees politicians working together for the good of the country rather than constantly doing each other down. If the two parties had looked to their differences it is very likely that we would be in a different situation now. By focusing on similarities they have made progress and have the potential to really change the way things work.
The lesson for us in networking is the many more possibilities that open up with an open and collaborative approach.
Are you looking for the common ground with your network?
Good Networking!
Dave Clarke
Are you networking with the right people?
In 'The circles (no more strangers)' Seth Godin writes "It's so tempting to seek out more strangers." He makes the point that trying to reach strangers is expensive and you may very well upset your true fans. He uses an excellent graphic (shown to the right here) to illustrate his point that delighting and overwhelming your true fans is a better strategy than chasing after strangers.
Many business people and professionals give in to this temptation and concentrate their marketing efforts on strangers. Building word of mouth from the people they already know can be neglected and their behaviour in networking can be similar. Their networking is all about finding and connecting directly with the people they don't know.
The key to successful networking is to take the opposite view. Instead of looking for strangers it is about building strong relationships where you get to know, like, rate and trust each other. Instead of spending time with people you don't know try investing quality time in building the right relationships. I think it is worth repeating what I wrote last week in 'How Networking Really Works. A small number of people you get to know really really well can give you access to all the new people you want to meet.
Effective networking is about support and sharing knowledge and finding advocates who recommend and refer you. Good networking groups provide the environment for you to strengthen existing relationships & build new ones. It is much easier and more enjoyable to develop your business in an environment like that.
Good Networking!
Dave Clarke
How to identify the key people for your network
If you know your target market (or markets) precisely you can work out where you need to network. Some people think that this means finding people in the target market to 'network' with. This is not networking, but direct selling. In fact it is often the face to face equivalent of cold calling.
The important aspect of this in the networking context is you can then identify the key people for you who have access and influence in your target market. This is important in both finding the networking groups to join and who you should be inviting to join you in your groups.
As I wrote yesterday in 'How networking really works' you need to be building relationships with these key people. These people have access to many opportunities for you in your target market so are likely to be operating in the same market as you. They may well provide services that are complementary to yours.
Good Networking!
Dave Clarke
How networking really works
I sometimes meet people who run around frantically to as many events as possible. They meet as many different people as they can and deliver their 'elevator pitch' as often as possible. In my book that is not networking. It is the face to face equivalent of cold calling. It is difficult and time consuming.
The key to successful networking is building strong relationships where you get to know, like, rate and trust each other. As I have written before:
"You don't build profitable business relationships by hardly getting to know lots of different people!"
A small number of people you get to know really really well can give you access to all the new people you want to meet. Effective networking is about support and sharing knowledge and finding advocates who recommend and refer you. Good networking groups provide the environment for you to strengthen existing relationships & build new ones. It is much easier and more enjoyable to develop your business in an environment like that.
Good Networking!
Dave Clarke
Did you build your network in the good times?
There may be trouble ahead...
Internet Psychologist Graham Jones wrote on his Ecademy Blog yesterday about the tough economic times ahead whoever wins the UK General Election. Everyone knows there will be some serious belt tightening whoever wins, but as he says "It's not all doom and gloom. You have your friends... It will be tough in the coming few years, that's true. But if you have friends; if you have trusted contacts; if you have people who like you, then you will survive thanks to their support."
This is when you find out that networking really isn't selling. It is about developing your route to market through trusted relationships, but it's much more than that. It is also about support and building friendships in business. That happens when you get to know, like, rate and trust others and they do the same for you.
As Graham said the economic situation we now have to face could well prove that it's never what you know that matters - it's who you know!
Good Networking!
Dave Clarke
Is this the most important thing in marketing?
In a discussion on following up in the NRG-networks Linkedin Group yesterday Helen Dowling of 'Exceptional Thinking' shared that she thought that following up is "the most important marketing technique you can do".
She certainly has a point about the importance of following up. My experience of marketing in general and networking in particular is that following up is the activity that really makes the difference. There is very little point in attending lots of events, delivering your pitch, chatting briefly with many different people and collecting boxes full of business cards you do nothing with.
You don't build profitable business relationships by hardly getting to know lots of different people!
You build those relationships by finding the real points of connection and then following up with different interactions over time. That includes regular participation in your networking group, follow up emails, follow up phone calls, follow up on Social Networks and most importantly of all, follow up 121 meetings.
In other words take the lead and become one of the proactive few. It is after all the first habit of highly effective people.*
*Read more on Stephen Covey's 7 habits in my article - Applying the 7 habits to your business networking.
Good Networking!
Dave Clarke
What comes first in business networking?
The first habit of highly effective people is being proactive* according to the best selling book by by Stephen R. Covey. I was reminded of this when reviewing the video interview in my recent post, 'Just how important is a network in business?'.The last question I was asked in that interview was what key piece of advice I would give to someone new in business.
I was pleased to find my answer in line with some great advice from Robert Craven in his article, 'The Shortest Book on Business?'. According to Robert success is down to some very simple basics - clarity, focus, confidence and activity. And as he says in regard to activity, "Take Massive Action".
It's great advice for networking your business. You do need to be clear about what you do and who for. Some people, however, spend huge amounts of time and energy on honing their service offerings before undertaking any business development activity.
The important thing is not to put off the activity itself. Go out confidently and build your network first and they will help you refine your messages and offerings.
*For more go to my article - Applying the 7 habits to your business networking.
Good Networking!
Dave Clarke
Just how important is a network in business?
Dave Harries of GuruView.TV began this interview by asking how important a network is for small and medium sized businesses? He also asked what networks are, if there are different levels of networking and whether offline networking is now more or less important.
Finally he asked what key piece of advice I would give to someone new in business. You can watch my answers in this seven minute interview.
Good Networking!
Dave Clarke
Another big lesson from the General Election
On Tuesday this week I spoke at a Marketing Masterclass in Newbury about 'How Business Networking Really Works'. Two of the other speakers, Nigel Morgan and Karen Chapple presented about the growing importance of Social Media. Karen shared the news that Google now has a Social Tab on its default search page in the US.
We had a big lesson in the UK yesterday on the power of Social Media. I wrote yesterday in 'Another Lesson from the General Election' about the off camera remarks from Gordon Brown that were picked up on microphone.
The speed at which this spread across the world should leave you in no doubt about the power of Social Media. It was a little ironic that Andy Lopata wrote about 'Whatever happened to the Social Media Election' yesterday morning where he included this rather prescient comment:
"Don't underestimate the power of a politician's gaffe during the closing days of the election to have a much bigger impact than ever before. Thanks to social media any slip up can be both shared globally and repeated ad nauseam irrespective of how many people witness it in person. The news media pick the stories up and run with them as people share them on Twitter, Facebook and Youtube."
If you are still wondering about whether Social Media is right for you and your business you should heed what Nigel and Karen said on Tuesday "If you do not have a Social Media presence you need to do something about that right now..."
Good Networking!
Dave Clarke
Another Lesson from the General Election
I was asked a question via Twitter yesterday about my advice for someone attending her first networking event. I suggested that she smile and wrote:
"Enjoy the meeting, introduce who you are, what you do, who for & how you look forward to getting to know the others."
The main thing is to be genuine and authentic. That is how you will build relationships with others as they get to know, like, rate and trust you. This brings me on to the latest networking lesson from the General Election. Everyone makes mistakes, but it is rare for such a gaffe as this one from Gordon Brown to be caught on camera. You can see the video at the BBC website. Gordon Brown is filmed saying one thing to a woman on camera and then something completely different off camera.
The lesson for networking is not to tell people what it is that you think they want to hear. Be yourself and be genuinely interested in the people you speak to.
Good Networking!
Dave Clarke
A Networking Lesson from the General Election Campaign
As I write this we have 10 days to go until the UK General Election. Until April 15th the Public Opinion Polls were predicting the following share of votes:
Conservative 36%
Labour 31%
Liberal Democrat 20%
Other 13%
The conservatives were in the lead and two thirds of the votes were predicted to be shared between them and Labour. The Liberal Democrats trailed in third with 20%.
Three days later the Liberal Democrat share had increased dramatically and they had moved into second place. Their support remains at this level according to the latest 'poll of polls':
Conservative 35%
Liberal Democrat 29%
Labour 28%
Other 8%
So what happened?
On the evening of April 15th we saw the first ever live TV debate between the main party leaders during a General Election Campaign. The leader of the Liberal Democrats, Nick Clegg, was generally acknowledged to have won the debate against his Conservative and Labour rivals, David Cameron and Nick Clegg.
If he had not taken part he would not have won and that is the networking lesson to learn.
Most networking groups give their members the opportunity to share their expertise and raise their profile by speaking at events. I have, however, seen people refuse opportunities to speak because they feel they are not ready or the circumstances are not quite right.
If you don't feel ready then prepare a few options and the next time you get the opportunity take the plunge and volunteer to speak. Your audience will be on your side and it's a great way of helping people understand when and how to advocate you!
Good Networking!
Dave Clarke
