Modern Business Magazine March 2016 | Page 23

MODERN NETWORKING you with this person….do you both share a goal, an experience, an interest, a personality trait. If you can find the common ground, the connection will be more memorable and more comfortable for both parties as we humans tend to find comfort in the familiar and it gives you a ‘connection topic’ with which to develop the relationship. 7 Seek to serve: The key to networking is what you can GIVE, not what you can GET. How you can help, do you know someone useful that you can connect them with, or do you have some materials, resources, knowledge or expertise that may be of benefit to them. The amount you are prepared to give must be judged on the perceived value of the connection now and for your future success. 8 Swap business cards: Tell them you can help them and ask for their card so you can follow up. “I have the perfect book for you at home, I have finished with it and would love to pass it on, let’s swap business cards and I’ll drop it in” 9 Develop a contact plan: Keep records of who you have met, what skills, experience, knowledge, connections and interests they have. Categorise which connections you wish to develop and for what purpose (e.g. business development opportunity, professional services). Whilst you may connect with everyone you meet via LinkedIn, only focus on actively developing a manageable number of connections at any one time. Spread yourself too thinly and you won’t serve any of them well. Consider the best contact plan for those you wish to develop. 10 Follow up: Firstly, you must follow through on any commitments you made, so make sure you do drop that book in. Then, depending on how you have assessed and categorised the connection, execute your contact plan, e.g. connect via linkedIn with 48 hours, send then an article I think they will be interested in (or on our connection topic) within 2 weeks, invite to another event next month and so on. Finally, be patient…if you serve a manageable network well, your network will reward you exponentially Caroline is a consultant and coach for developing professionals, executives and small businesses, using her years of corporate, small business and not for profit experience to help others achieve professional success they want and deserve. Ivan Misner conducted a study recently* with 100 respondents from his own network to gain insights on “why so many business owners were still not sold on networking as a way to grow their business, given that marketing and advertising is so cost-prohibitive, whereas networking provides a great return for a much smaller monetary investment”. He found four major reasons that business owners resist the benefits of networking: 1.Lack of confidence: “For some, the thought of interacting with strangers is paralyzing, while for others a mix of low self-confidence, shyness and under-estimation of what they can contribute were cited as reasons to avoid networking. Some respondents mentioned a fear of rejection as the reason” 2. Lack of time: “People either don’t think it’s worth giving up something else to network, find it causes stress on top of their other obligations or simply believe they don’t have time.” 3. Lack of quick results: ” Often people don’t network because they expect immediate results. They deny the fact that networking works because they personally don’t follow up with the people they connect with and get no results. They are impatient and don’t understand the value of taking the time to build fruitful relationships.” 4. They think networking is selling: “People often resist networking because they are frightened about being sold to or don’t want to pitch their sale in a room full of competition.” *http://www.entrepreneur.com/article/226359 March 2016 ModernBusiness 23