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Secrets to Successful Business Networking

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Secrets to Successful Business Networking Powered By Docstoc
					?Networking isn't just for Realtors; it's a valuable tool for every savvy business leader.
Meeting people in a variety of industries can lead to all kinds of alliances. Think
about the people you know. How have those relationships enhanced your business?

No matter what kind of business you operate, whether you're an independent
contractor, store owner, infopreneur, professional speaker or consultant, networking
can cause your business soar to new heights.

Advantages of Networking

*Meet Potential Clients. No matter where you go, you have the chance to meet people
who could become clients for your business.

*Create Strategic Alliances. As you get to know someone new, you may find that you
have common interests or goals. If so, suggest a way to work together.

*Increased Word of Mouth. Some of the best advertising that money cannot buy is
word of mouth. The more people who learn about you and your business, the more
chance you have to spread the word about your offerings.

*Develop Six Degrees of Separation. You never know where a new alliance can lead.
I've had friendly business contacts refer me to speaking engagements (which then led
to other speaking engagements), media exposure (which led to a slew of new clients),
new business opportunities (that generated exposure and income), and marketing
campaigns (spreading my reach with little cost or effort). Your new client could
introduce you to another associate, and that person could introduce you to yet another
person, and so on.

*Learn Something New. Savvy business leaders know that in order to stay at the top
of their game, they need to continually learn more about their industry. You have the
opportunity to learn something from each person you meet. You could discover a new
business process, a useful technology, an industry trend or a creative marketing
strategy.

*Challenge Yourself. When you meet someone whose level of success is higher than
your own, challenge yourself to take your business to the next level. Let that person's
success inspire you to achieve more.

Twenty-five Steps to Successful Networking

1. Evaluate Your Handshake. This may seem like a no-brainer, but unfortunately a lot
of people miss the ball on this one. Your handshake should be firm and confident
without breaking bones. This is true for both women and men.
2. Watch Your Body Language. Nothing is more subtle than body language. Watch a
roomful of people to see how each looks different. Confident people stand up tall,
hold their heads high, and often talk with their hands. People who are shy or
uncomfortable cross their arms in front of them, hang their heads low, and look
disinterested. Who would you rather approach? Someone who looks miserable and
closed off or someone who is confident and relaxed? Watch yourself in a mirror. See
how much better you look when your posture is strong and your arms are at your side.

3. Maximize the Value of Your Business Card. Make sure the information on your
card is up to date and accurate. There is nothing worse than someone who hands you a
card and says, "Oh, but my phone number has changed. Let me write it in there for
you." Even if you have new cards on order, you can purchase blank card stock at the
office supply store and print some temporary cards so you always portray a
professional image. You can also add value to your card by print something on the
back side such as a calendar or a list of resources.

4. Prepare an Elevator Pitch. You should have a 30-second sound byte that you can
give whenever you meet someone new. Your pitch should explain who you are and
what you do and should be succinct and compelling.

5. Define Your Purpose. Attending networking events won't have much value if you
don't know why you are there. Are you interested in finding clients? Locating new
business partners? Define your goals clearly so you can make the most of your efforts.

6. Say Cheese. Smiling at someone instantly puts them at ease and it is human nature
to "mirror" the other person. Notice how when you smile at someone, he/she
automatically smiles back. The added benefit is that the act of smiling has a magical
power to cause a person feel better. So if you encounter someone who is having a bad
day, you smile and make them smile, you have subconsciously given reason for
him/her to like you!

7. Crack 'em Up. Humor is a wonderful ice breaker. Avoid inappropriate jokes or
comments, but do try to inject some humor into your conversations. People who are
funny are naturally magnetic to others. You can still be a serious business person with
a good sense of humor.

8. Use Small Talk. When meeting or introducing yourself to a new contact, start with
small talk. Ask the contact what he/she does, where they live, how far they traveled to
get to the event or what brought them to the event. Develop a standard list of
questions you will use to start and maintain small talk with new people.

9. Keep Moving. Don't hold up the wall or stay in one place for too long. Make the
most of your networking time by moving often and ending conversations that have
reached their maximum value. If you want to move on from the person you are talking
to, you could say, "It's been a pleasure talking with you. I have some other people I
need to meet so I hope we can keep in touch."

10. Offer Your Business Card. The best time to exchange business cards is typically
near the end of your conversation. Handing the contact your card will usually prompt
him to give you his in exchange. If this doesn't happen automatically, simply ask.

11. Remember to Offer Value. Networking should be a two-way street. If you want
someone to help you, you should offer something that helps them. Offer up interesting
contacts or resources and keep the relationship reciprocal.

12. Never Monopolize a Conversation. There is nothing more unappealing than
someone who does nothing but talk about himself. Make sure your interactions
always go two ways.

13. Ask Questions. People love to talk about themselves. Ask questions that evoke
more than a Yes or No answer. By asking questions and showing genuine interest in
the answers, you automatically build a rapport with the person you are talking to.
They will most likely leave the conversation remembering that they liked you.

14. Drop a Line. Send an email or better yet, a hand-written note, to let the person
know that you enjoyed meeting them. Try to point out something specific that you
talked about to jog their memory in case they met a lot of people and can't remember
exactly who you are. For example, you could say, "It was a pleasure meeting you at
the cocktail reception. I enjoyed our conversation about Minnesota. I hope we can
keep in touch and find a way to work together in the future."

15. Follow Through. If you offered to send something, like an article or referral, make
sure to follow through on your promises. Send any materials within a week of
meeting.

16. Organize Your Contacts. New people you meet may not fill an immediate need in
your networking strategy, but could be a good resource down the line. File every
person you meet in a contacts database with a note about when and where you met
and what your conversation was about.

17. Remember Details. I once had a Dentist that I actually enjoyed seeing because I
always found it remarkable that he remembered details about me even if I hadn't seen
him in two years. He would say, "How is your job going? The last time I saw you, you
had just gotten promoted." I eventually realized that he made notes in my file after
each visit, but even knowing this, I still appreciated that he personalized our
interactions. You will meet a lot of people in your business life and aren't likely to
remember all the details. Be sure to makes notes in your contacts database even if the
items seem trivial. For example, for Joe Schmoe you could note: "Going to Hawaii in
December, has two teenage daughters, Raider fan, likes vodka tonics." Check his card
prior to your next meeting so you have a few conversation starters ready.

18. Refer Your Contacts. If someone mentions they are building a website, offer up
the contact information for a great website designer that you know. If someone
mentions that they are going on vacation, recommend your pet sitter. No matter how
insignificant this may seem, it can earn you loyalty with both those you refer and the
people you refer them to. Eventually this good karma will come back around.

19. Let Them Know. If you see one of your contacts mentioned in the media or notice
a new glossy ad in a trade magazine, drop an e-mail and let them know. You could say,
"Hey, I saw the article about you in Business Today magazine. Congratulations!"

20. Offer an Invitation to Lunch or Coffee. Though we all have busy schedules, we
also have to take time out to eat. If you want to spend some extended time with your
new contact, offer to buy lunch or coffee. Most people appreciate a free meal and a
chance to interact with someone who is engaging.

21. Keep it Light. If you make plans to meet a business contact for a meal, avoid
launching right into a business discussion. It's best to keep the conversation light and
informal at least until the food arrives. Start by developing a rapport and talking about
personal topics (not too personal!) and then work your way into a business discussion.

22. Hold a Networking Event. If you want to increase your business contacts on your
own terms, host your own networking event. Invite local trade organizations, peers,
clients, and business associates. Offer basic refreshments like coffee and inexpensive
cookies or step it up a notch and cater in some food. Encourage people to mingle and
trade business cards. This can be a wonderful way to showcase your business.

23. Join the Chamber of Commerce. Networking opportunities abound and you can
make some great connections by getting in touch with your local business community.
Make sure to attend events and participate in all chamber-sponsored programs.

24. Join Local Trade Organizations. Many organizations hold regular meetings and
free seminars, providing you with another opportunity to make valuable contacts.

25. Join Everything. Even the PTA (Parent/Teacher's Association) can be a great place
to network. Join book clubs, writer's groups, or any groups of interest to you, even if
they don't directly relate to your business. Get known by everyone. They will
associate you with your business as soon as they get to know you, your mere presence
at functions could serve as a reminder and cause members to want to do business with
you. Before long you will have an excellent database of contacts and will begin to
weave a web of opportunities.
It takes time to develop a network of business alliances so the sooner you get started,
the sooner you can reap the rewards. Treat every event that you attend as a chance to
meet new and interesting people. Set a personal goal to attend at least two events each
month and soon your business will flourish in new and wonderful ways.

About the Author:
Stephanie Chandler is the author of "The Business Startup Checklist and Planning
Guide: Seize Your Entrepreneurial Dreams!" and founder of , a directory of resources
for entrepreneurs. Subscribe to the newsletter to receive hot tips and small business
tools.