A few weeks ago I met with networking expert Andy Lopata and asked if he would be so kind as to write a post for the Marketing Blagger. It wasn’t too long before the following landed in my inbox including some pretty good top tips on how to get the most of out networking.
Certainly I agree with #6 – far too many people attend networking events just wanting to sell, when in reality most people are not there to buy. Think about the long term and build relationships, rather than simply selling.
Well, enough from me, read on for what a true networking expert has to say..:
1 – They network with the wrong groups and/or don’t network with the right groups.
Many people attend networking events because they have been invited and join because they like the ‘buzz’ or see other people getting business. They give little thought, consideration or planning to the aims they have from networking and which networks best help them achieve those goals and to which theycan commit.
TOP TIP – Do your research before joining networking groups. Understand what you want to gain from them and what you need to commit to them to achieve that result.
2 – They don’t know what success will look like
We join networks with a vague idea that they will help our business but without planning out exactly how.
TOP TIP – Work out the REAL cost of your networking to you, and then set yourself a challenging, yet realistic return which will justify your investment. How will you reach that return?
3 – They fail to commit
It’s not enough just to join a network or plan a strategy; you have to see it through. It’s an old cliché, but you really do get out what you are prepared to put in.
TOP TIP – Look at your networking memberships and goals and ask yourself what YOU have to do to get the results you are looking for. Then ask yourself how achievable it is. If it’s too much, adjust your activity to make it more realistic. If it’s easy, perhaps you could be doing more.
4 – They don’t do their homework
“Fail to plan and you plan to fail”. Before you attend a meeting, prepare for it. If you have to give a presentation, know exactly what you want to achieve from it and what you are going to say before you go.
TOP TIP – Put time in your diary each week or each month to look at forthcoming events and why you are going. Work out who you can catch up with or meet there and, if appropriate, contact people in advance to arrange to hook up. And plan any presentations you may have to give.
5 – They don’t follow up their referrals
If you get a reputation for being unreliable, you won’t get referrals. Whether you value the referral or not, FOLLOW IT UP. Even more importantly, make sure you feedback to the person who referred you and keep them in the loop.
TOP TIP – Keep a list to track all referrals received and latest action. If you are not responsible for following it up, make sure you know who is and get feedback from them to pass on. Most importantly, say thank you.
6 – They focus on the sale, not the relationship
Few people go to networking events to buy. So you have to ask yourself what the point is of trying to sell to people who aren’t in buying mode. Think beyond the short-term gain and develop relationships. After all, wouldn’t you prefer to get ten referrals from a long-term relationship than one sale from a passing contact?
TOP TIP – Go through your contact management system or business card file and pick ten people to whom you haven’t spoken for a while. Re-establish contact and then stay in touch.
7 – They are ’9 to 5 Networkers’
Many people believe that joining a network and either turning up to a meeting or logging in is enough. It isn’t. The most successful networkers meet with their fellow members regularly OUTSIDE of meetings; whether socially or in 1-2-1 and small group meetings.
TOP TIP – Set time aside in your diary every week to meet people from your network, and make sure you fill that time. Attend your networking group’s social events and get to know your fellow members even better.
8 – They are ‘destructive’ rather than ‘constructive’
A network thrives on positive energy. If you are in a group that is struggling, use the meeting time to focus on making what you have work, keep concerns outside the meeting. If you want to contribute to blogs and discussions online, keep your comments positive and constructive, don’t destroy other people’s hard work with nasty or negative comments.
TOP TIP – Focus on being positive whenever you engage in your networking. People don’t want to buy from or refer to negative people. If there are problems, keep your comments positive and constructive, focusing on the solution.
9 – They are collectors
Whether it’s business cards at networking events or connections online, there are people who believe that he who has the most wins the game. Networking doesn’t work like that.
TOP TIP – Collect and hand out cards if your conversation dictates it. Connect online with people with whom you have something in common, and talk about them when you connect, not yourself.
10 – They don’t have a clear message.
We all think that we communicate clearly what we do, but few of us do this successfully.
TOP TIP – Ask people in your network for their perception of what you do, who for and when people need your help.
Labelled ‘Mr Network’ by The Sun, Andy Lopata is one of the UK’s leading business networking strategists. The co-author of two books on networking, his first book, ‘Building a Business on Bacon and Eggs’ looked at how to run business breakfast meetings, while his second ‘…and Death Came Third!’ received worldwide acclaim and reached number 2 on Amazon.co.uk on its launch. For more great writing on networking and further info, visit Andy’s blog.
social networks helps very much to companies for finding new customers.
This is a great article, which can be used in online marketing as well as networking in person. I agree that number 6 is a big mistake most people make. Most people tend to focus on the sale and not on building relationships, which is a volatile part of any business. By following the advice in this article you should see a marked improvement in your business.
I think Tip #5 about not following up is very important. You spend time and money on the networking clubs- collect business cards – then put them in a drawer to be forgotten. Follow up is the key to building business and should be done immediately. Even if you just send a Nice to have met you postcard – people start to remember you and will refer you more often. Excellent tips you’ve presented.
The first point is so true. It seems that more and more people come to me asking how to monetize their networks. And they have forgotten the basics of brand building: Being Different and Being Relevant.
i would like to point that these people usually fail because they do not see the big picture and they lack the guidance and encouragement. it is not easy to network and get people to trust you
the reason is because most are week when it comes to seeing the bigger picture and they lack encouragement and guidance. getting people to trust you/your business and getting their spirit to do this kind of work is not as easy as how we do balance transfer credit cards
Before putting a business you need to remember, in order to succeed you must know the purpose of your business. This purpose must include not only your self but also the people and the consumer around you. Think not only your profit but also the way on how you can help to others.