Although you may consider attending trade conferences, business networking and business breakfasts to be a waste of time, there are many reasons why it is vital for building relationships that will improve the productivity and growth of your business.
It is a wise to remember that all human beings thrive on having interaction with other humans. That is why networking is one of the oldest tools used by successful business who remain successful.
Cultivating useful and good relationships is crucial to the success of your business, including relationships with businesses or individuals who operate with in the same field as you. It’s interesting that a lot of people think that you should only have competitive relationships with people working in the same field or niche, however there are many ways in which networking with them can be of benefit to your business.
In the following post we will look at just 5 possible benefits of networking.
Present You with Opportunity
Every single time you leave your home and get out there, you have the chance to meet new people. You need know the type of people you might meet and what they may be able to offer you and your business. Prospective partners, customers and clients are everywhere and you should seize every opportunity you have to network with as many people as you can.
Gives Your Business Exposure
In order for your business to get out there and for people to learn about the products and services you offer; your business needs exposure. Whether you are launching a new product, struggling to attract customers and clients to the services you provide or anything else related to improve your business’s productivity – the more people you know, the better your chances will be of success. Customers, clients and partners will not only communicate with each other but may even communicate outside the social and business circle you are in, which could yield new clients and customers for your business.
Builds Contact Lists and Relationships
Whenever you are a little reluctant to participate in networking remember the old saying ‘It’s not what you know, it’s who you know’ The more names and numbers you have in your contact list, the people you forge relationships with, the more likely it will be that you know the right person. As the ‘right person’ for one thing relating to your business will change often, it is worth making as many contacts as possible; rather than worrying about discretion. Stay in contact with people in your phone or address book as this will give you a good pool of people to dip into in the future.
Discover Common Interests
When people share common interests, they enjoy being in the company of each other. Therefore, when you are networking, look for commonalities with the people you meet and use these shared interests and opinions to build relationships with them.
Networking is a great learning experience because when people build relationships with one another, they like to share news, information and tips with each other. It is very likely that through networking, you will find someone who offers new insight or ideas that could benefit your business. As mentioned further up the page, knowing who the right person to go to for help is vital. The only way you can learn what people are capable of is by networking and building proper relationships with them