All Business Networking: Strategy

Showing posts with label Strategy. Show all posts

How to get what you want from your networking in 2010

Yesterday I posed the question 'What do you want from your networking in 2010?'. The way to ensure you get what you want is to go about it strategically. Set your goals and plan the activities that will help you achieve them.

The temptation is to set yourself the goals you have as targets. The problem with this is that you may be targeting things outside of your control. The important thing is to target yourself with those activities that you do control and that will lead to the results you desire.

I discussed this in 'Applying the 7 habits to your business networking'. Habit 3 of Stephen R Covey's Seven Habits of Highly Effective People is 'Put First Things First!' Set yourself targets for the things that YOU can control.

In 'Applying the 7 habits to your business networking' I included these as examples:
• The amount of time you can devote to networking
• The number of events you can attend
• The number of 1-2-1’s you can arrange
• How much time you can spend online
• Building a contacts database
• What introductions you can give
• Choosing the right networking organisation for you

Listen to this short podcast for the simple steps involved in developing a strategy to generate more business from your network.

Good Networking!
Dave Clarke
Get 7 networking secrets for business success

business networking | business networking events | business networking podcast

Networking Lessons from the Law of Contract

One of the first subjects I studied in Law was the Law of Contract. In order for a contract to be a legally binding agreement a number of distinct elements need to be in place:

1. Offer and acceptance
2. Intention
3. Capacity
4. Consent
5. Consideration
6. Legality
7. Possibility

These indicate that the parties have not just discussed a possibility, but have a definite agreement about a desired outcome and the specific things required by each to fulfill this.

There are great lessons to be learned from this in networking. Many people are not really getting the most out of their networking. They are just meeting people and hoping for the best. Success in networking is something that will remain a possibility rather than a probability.

Those that follow a structured and systematic approach to building trusted relationships do really well. They do the things they need to do for others in their network and those others will know what they need too.

It is a good idea to get together with your really good business contacts and find out if you can agree specific things to help you each achieve your business goals.

Dave Clarke
Get 7 networking secrets for business success

business networking | business networking events | business networking podcast

Where do you get your new business?

I often ask Business Owners and Professionals "Where do you get most of your new business?". The most popular answer is recommendation or referral. There is often silence after the supplementary question "so what is your strategy for generating more recommendation?".

The ironic thing is that most of them will have strategies for other parts of their marketing, but not for the most important! Listen to this short podcast for the simple steps involved in developing a strategy to generate more business from your network.

Good Networking!
Dave Clarke
Get 7 networking secrets for business success

business networking | business networking events | business networking podcast

Who do your potential clients listen to?

According to the survey I wrote about in my column for the National Networker, Reasons for Networking, most people are Networking for more business.

If networking isn't generating the results you want it could be for a whole number of reasons. One reason could be that you are spending time with people with no access to your market and no real understanding of what you do. The likelihood is that many of the people you meet may not have access to your target market or anyone with influence in your target market. It's worth taking some time identifying other suppliers to the people you deal with. Maybe ask some of your clients who they take advice from.

You can then start to go about your networking strategically and ensure your word of mouth is getting to the right people with the right message. This includes joining the networking groups where others work in similar markets to you and building that network of advocates to spread positive word of mouth in the right ears.

Good Networking!
Dave Clarke
Get 7 networking secrets for business success

business networking | business networking events | business networking podcast

Networking and Strategy

A couple of weeks ago in my post, 'Leadership and Networking', I wrote about the lessons learned in an excellent session on 'Mastering Leadership' presented by William Montgomery of askten. A key lesson was the importance of thinking strategically.

Most of the people I meet networking do not have a strategy for their networking. The danger with this is that you can be very active and very busy but with no positive outcome. If you don't know where you are going any road will do.

William shared some simple ways of starting to think strategically;
1. Know where you want to go
2. Know where you are
3. Know what you need to do to get there
4. Take positive action

Good Networking!
Dave Clarke
Get 7 networking secrets for business success

business networking | business networking events | business networking podcast