If you own a small business, networking should be a key component of your overall marketing strategy. Networking is the best way to build relationships with people in your community at a personal level. It’s the only way to convey who you are in real life; something that will earn a tremendous amount of trust, confidence and credibility if done properly.

Networking can be very intimidating for some business owners. It requires being able to walk into rooms full of people you don’t know and feel comfort approaching these folks with a welcoming smile and an engaging hand shake. It also takes time and some money to participate in the myriad of events, socials, grand-openings, workshops, presentations and lunches that are available each week to business owners who are already working long hours just to run the businesses they have.

Whether you are a networking maven, someone who doesn’t think it will generate business or someone who is terrified of the prospect of going to these functions, it’s important to recognize that marketing strategies have shifted from traditional media and relentless advertising to more social interaction. For the majority of businesses trying to create a brand or a market presence, social interaction is the fastest way to get the word out about `who’ you are and `what’ you do.

As a small business advisor, the most common complaint I hear about networking is the low payout for the time and money invested. Make no mistake, networking can be a time-consuming endeavor and if not approached with a plan, can be reduced to eating too much fatty food and having coffee with people you’ll never see again. So how do you make the most from your networking efforts?

If you’ve had hit-and-miss results with networking, here are some tips you can use to create a strategy to get greater results from your networking efforts:

1. Decide what you want from networking:
Expectations play a huge role in the results you get from working the room. Decide whether you are looking for customers or wanting to make connections with potential referral partners. Referral partners are business owners who focus on similar customer targets.

Originally posted 2009-09-18 11:15:00. Republished by Blog Post Promoter

Leave a Reply

*

Spam Protection by WP-SpamFree

Connect With Me!
Steve Smith- Small Business Coach

Steve is a leading expert in business growth strategies for small business owners and entrepreneurs with an internationally recognized blog and radio show that he hosts. He has written articles for over a dozen business websites and other on-line resource sites, and has been featured in the Wall Street Journal, OC Talk Radio’s Smart Money and Talent in the Southland. He has established the first on-line business advice service- Need Answers, Ask Steve that offers business owners complementary professional advice on important issues and pending decisions. Recently, he has redefined the business evaluation process that identifies critical gaps in business strategies so business owners can find and implement solutions faster.

Steve specializes in working closely with owners and executives to transform company performance levels through more effective go-to-market strategies. His clients benefit from his prior experience directing regional and national sales teams that produced from $45 million to over $100 million in revenue and his background in consumer products, selling and marketing some of the most well recognized brands in the world. His 25 years of excellence in management techniques, marketing strategy, sales results and operational efficiencies gives him an acute sense of how to build and run a business that will operate efficiently and profitably in many geographically and economically diverse markets.

Steve Smith is a graduate of Frostburg State University, Frostburg Md. with a degree in Business Management and concentrations in accounting and sociology. His knack for evaluating situations and creating innovative solutions makes him a valued resource for small business owners, professionals and executives.

Steve and his wife, Sharon, recently adopted a retired Greyhound racer named Ramsey who loves eating, sleeping and playing on the beach.