It is completely possible to go to a networking event nearly every business day and every waking hour of the year in San Diego. We love our networking events in this town. There are networking events for every age group, gender, sector of business, and time of day. You could conceivably network full-time without actually ever generating a single dollar for your efforts. Networking costs time and money. Without question, relationship development is critical to your business. People buy and do business from people they know and like, but networking events frequently do not translate into an authentic relationship, and if you aren’t creating business relationships and opportunities from networking, what are you doing?
We have all attended networking events where we consumed cheese cubes and average wine, and left with a handful of sweaty business cards and absolutely no possibility of future business with a single individual in the room. So how do we approach networking in a meaningful way and develop quality business relationships that will translate into revenue? Yes, I said it. We network to generate revenue.
Let’s start with what not to do. Don’t treat networking events like speed dating where your goal is to collect as many business cards as you can. If you can pave your way to the moon with the boxes full of business cards you’ve collected, you need to attend a networker’s anonymous meeting and admit that you have a problem. Unless you’re an artist planning to recycle these are cards into an art installation piece representing the demise of civilization, you don’t need that many business cards.
Don’t introduce yourself by pitching or selling to someone. It scares people. While you’re selling how they need your service, I assure you they are plotting to fake an aneurism so they can excuse themselves and avoid you for the rest of eternity.
Don’t whine about the economy, complain about the event, or trash other professionals. This tells me everything about the type of person you are and none of it is good. I assure you that you do not elevate yourself by trampling upon others.
In order to integrate networking as a meaningful component of your business strategy, start evaluating its cost and benefits to your business. How much are you spending on networking and how much business have you garnered from your expense? Be sure to include your time in the cost.
Choose networking groups and events with strategic deliberation. Don’t pay a membership until you’ve gone to several events, and ask members how the organization has contributed to their business.
Before you register for an event look at their membership list and see who will be attending the event to determine if the event is appropriate for the type of business you do. If you can’t get the information online, call or e-mail and ask.
When you attend an event, go with a purpose or goal. You don’t need to meet everyone, but you need to make at least one meaningful connection, and if you did your homework, you may already know who you want to meet. Find that person and introduce yourself.
Ask people you meet what THEY do rather than focusing on what YOU do. You can learn far more from listening. Not every contact is a customer or a viable contact. It’s okay to politely excuse yourself to meet others. You are there to create quality BUSINESS relationships.
The most significant component of networking is what happens AFTER the event. Follow up. If you just drop the information in your database, you might as well drop the business card in the garbage. Research the people you have connected with and follow up to request a brief meeting, tour of their business or coffee. When you meet with your new contact keep in mind that you are working on a relationship and you need to put your best self forward. Think about ways you can enhance and advance their business. Business relationships, like all relationships, are about reciprocity. The more you give the more you get.