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Ian Garner
Business Writer
2:00 AM 16th July 2022
business

It Pays To Network

 
Image by Gerd Altmann from Pixabay
Image by Gerd Altmann from Pixabay
The strength of your network can make or break your search for your next job, your ability to acquire new customers or business partner seven the likelihood that you’ll land a big promotion.

The most successful people are often those who rely heavily on the power of networking.

Some people hate the idea of networking but, as the Harvard Business Review said: 'in today’s world, networking is a necessity.'

Successful networking can help raise your profile, meet new customers, develop your knowledge or skills, explore innovative ideas, find investment, establish partnerships, build a presence in other markets and source new suppliers.

You should actively look for opportunities where you can share your experience, knowledge and contacts with other network members.

Photo by HIVAN ARVIZU @soyhivan on Unsp
Photo by HIVAN ARVIZU @soyhivan on Unsp
If you think networking is just attending events and 'working a room,' you would be wrong, it also takes place every time you meet up with a business associate or contact.

Networking is about establishing and developing relationships. These contacts will be more productive and last longer if you make sure they are mutually beneficial. The aim is to make connections with people who might be able to help you achieve your aims, whilst helping them with theirs.

To get the best from networking it helps to target events and places where you think you are most likely to meet useful contacts.

Image by Gerd Altmann from Pixabay
Image by Gerd Altmann from Pixabay
Don’t be shy, introduce yourself to others. Remember, never interrupt people in deep conversation, it’s rude and causes embarrassment. When the times is right, approach the individual or group, say hello, introduce yourself and offer a handshake. Smile and maintain good eye-contact. Don’t forget they will be looking to network and make contacts too, so they are expecting approaches.

Develop a short, 30/45 seconds ‘elevator pitch’, that describes your business

This will be helpful preparation for when you meet people at networking events
Build in your key business strengths and unique selling your proposition (USP) - these differentiate you from your competitors
Describe the value your business can offer and give examples of solutions to clients’ problems you helped solve
Try not to sound too smug or self-satisfied but don’t be shy about proposition
Keep your strengths, USP(s), value and needs up to date. You need to ensure that the things you say about your business are up to date when you meet people at events

‘Dress to impress’ – wear appropriate clothes that look professional. The casual look will be perfect for some sectors and a suit might be expected in others. There’s no specific rules, just think “what does my appearance say about me” and dress accordingly.

Make sure you always have professional business cards with you. It may be that you exchange LinkedIn details or ‘beep’ your details from mobile phone to mobile phone, but the old-fashioned business card can still be the best way of exchanging details.

Photo by Austin Distel on Unsplash
Photo by Austin Distel on Unsplash
Don’t be uncomfortable ending the conversation and moving on. Before you move on, agree next steps, for example, promising to get in touch to arrange another meeting. Once you have made an arrangement, always stick to it. Even if you don’t think you can help each other now, be polite. You might be able to help each other in the future. Say that you enjoyed meeting them, exchange business cards and move on.

After attending any networking event you should file away business cards and email anyone you had a particularly interesting or valuable conversation with, to say that you enjoyed meeting them and decide a way forward. If you said you would follow-up with anything make sure you do it promptly, whilst the contact is still ‘hot.’


Ian Garner
Ian Garner
Ian Garner is a retired Fellow of the Chartered Management Institute (FCMI) and a Fellow of the Institute of Directors (FIoD). He is Vice Chair of the Institute of Directors, North Yorkshire Branch. https://www.iod.com/events-community/regions/yorkshire-north-east He is founder and director at Practical Solutions Management, a strategic consultancy practice and skilled in developing strategy and providing strategic direction, specialising in business growth and leadership. Ian is a Board Member of Maggie’s Leeds. Maggie’s provides emotional and practical cancer support and information in centres across the UK and online, with their centre in Leeds based at St James’s Hospital.
The Institute of Directors (IoD) is the UK's largest membership organisation for business leaders, providing informative events, professional development courses for self-improvement, networking and expert advice. The IoD North Yorkshire Branch has members across Harrogate, York and the surrounding towns and is reaching out to business leaders, of large and small enterprises, to help their businesses succeed.