October 18

How to Network for Big Success

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Keep a written list of everyone you know and everyone you meet and what they do, or keep a database. Write memory joggers on the back of business cards. You may find it useful to keep a diary of who you meet and where and any mutual contacts for future reference.

There are reasons that might prevent you from getting out there and creating opportunities. Perhaps the most important reason is not seeing the benefits of networking. Any good coach or student of psychology will tell you that if your ‘why’ is not strong enough with a particular goal, then the chances are you will fail to achieve your goal.

 

You see, networking opens doors for you. It takes you to those who are looking for new business and helps bring their new business to you. Through networking, you can uncover a whole host of new business opportunities, raise your personal profile within your current professional circle, and maybe even join a new one – business can be lonely if you don’t move in the right circles!

By going out there and finding these professional groups, your self-confidence & self-esteem will get a possibly well-needed boost. However, even if you don’t gain any new clients from your next prospective business circle, you might pick up a few friends along the way.

 

Also read: How to Evaluate a Franchise


Networking events are great places to source new suppliers, or maybe recruit your next employee, non-executive director, team member, or business partner. Just think, you could locate a joint venture partner or build a new strategic alliance just by taking a step outside. There may even be funding, resources, expertise, and advice out there, just waiting for you to introduce yourself.

 

Think about your profit margins. How close to the line are you? Even the entrepreneurs who have made their fortune and the self-made men and women of the world who are now standing proud at the top of their industries will have gone out to find help or to find a prospect.

In short, they went out to network. You too could have the business and financial gain that you desire IF you get out there and meet those who are looking for the same thing. And realistically, you never know what you might achieve unless you try.

Networking can not only gain you new business but can also deepen the relationships that you have with your existing clients. If you’re touching base with them on a regular basis, who knows where your relationship may spiral?

 

Also read: Sales vs Revenue: Are Sales and Revenue the Same?


Just remember; the more you put in, the more you are going to get out. Why not invite some of your clients along to the next event you go to? Passing on this knowledge and resource to them could mean more business, not only for your clients but for you too!

 

There is a direct correlation between your networking activity and your success if you do it right! So let’s attack your lack of motivation with some education on the many benefits of networking. There are hundreds, and here is a summary of my top 20.

 

  1. Improve your self-confidence and self-esteem
  2. Source great suppliers or advisers
  3. Make your mark in a new role or territory
  4. Enjoy the challenge, the adrenalin kick, and the thrill of winning new business
  5. Learn new ideas, industry tips and insider trends and information
  6. Scout the competition; see who your rivals are and what they’re doing
  7. Maintain and ‘go deeper’ with your existing contacts, clients, and colleagues
  8. Develop ‘referral networks’ by educating your contacts in exactly what you’re looking for
  9. Meet new friends or gain a support system – business can be lonely
  10. Develop leadership skills
  11. Locate new joint venture partners or strategic alliances
  12. Uncover new business opportunities
  13. Make more profits and more money
  14. Meet or exceed targets for bonuses, commissions, or equity
  15. Keep your boss off your back
  16. Safeguard your job and make you ‘un-fireable’ in tough economic times
  17. Recruit your next employee, non-executive director, team member, or specialist professional
  18. Raise your personal profile
  19. Source mentors and gurus who can cut your learning curve to where you want to go
  20. Have fun – it’s good getting out of the office to meet new and interesting people!

 

Also read: Psychological Secrets to Optimize Your Sales Funnel

 

So what’s stopping you from getting out there when all of these wonderful goodies are available to you?

Get yourself booked onto something soon, and remember that everyone you know with a great network, lots of contacts, and an abundance of networking skills didn’t get like that overnight. If you want to reap in the summer, you sow in the spring.


About the Author: Jeffrey Oravbiere

Jeffrey is the founder of BoostMyProfit and a seasoned entrepreneur with over 23 years of experience. As a launch expert, consultant, mentor, award winning humanitarian and a philanthropist, he has helped entrepreneurs and aspiring business owners turn their ideas into profitable ventures. His mission is to maximize business profitability by guiding entrepreneurs through successful launches using proven strategies..

 

Struggling to get your business, product, course or book off the ground? Get a free strategy session with me

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