Smart Strategies for Networking and Building Business Connections

Business networking can be an invaluable tool for any company. It allows you to meet industry leaders and connect with them in a more meaningful way.

The key is to approach networking with the intention of giving rather than taking. This could mean sharing useful resources, introducing someone to their professional colleague, or even just sending a thoughtful email.

1. Make Sure You’re Present

Business owners are often so busy with their day-to-day tasks that they forget to build and maintain a network. This can lead to missing out on valuable opportunities.

When you meet someone at a networking event, at their office or over the phone, make sure you are truly present in the conversation. You can do this by not dominating the dialogue or using your smartphone during the interaction. You can also monitor body language and pay attention to the person’s cues that it is time to wrap up the conversation.

It is important to follow up with new connections after networking events, such as sending thank-you notes and emails. However, you should avoid overdoing it, as this can come across as insincere or manipulative. It is best to connect and communicate with your networking connections regularly, but at reasonable intervals. Otherwise, you may find them forgetting you over time. Think of it like a group of five- and six-year-old kids that play together every weekend: If you disappear and only appear intermittently, the children will eventually stop asking for a play date.

2. Don’t Be Afraid to Ask Questions

It’s important to be willing to ask questions when networking. This is one of the best ways to make sure that you’re getting the most out of your networking experience, whether it’s for exploring lucrative opportunities or simply learning more about a topic related to business.

People are much more likely to open up to you if they know that you’re interested in them and what they have to say. You can show this by smiling, making eye contact, and asking thoughtful questions. Remember to listen to the answers as well. If possible, try to only do about 30 percent of the talking while networking, and use your follow up questions to further the conversation.

Having a reliable network is vital to any business. It can help you explore innovative opportunities and expand your business. However, many people feel intimidated by networking and avoid it completely. This is a shame because it can be incredibly beneficial to your career and business.

3. Ask for Referrals

It is no secret that referrals are a powerful marketing tool. They generate qualified leads, increase sales and boost customer loyalty. In fact, a client that comes from a referral is twice as likely to purchase your products or services than a new customer.

Many businesses don’t ask for enough referrals. In addition, asking at the wrong time can be counterproductive.

The best time to ask for a referral is after your client has experienced your outstanding service. This could be after they’ve purchased your product, received a complimentary service, or had an issue resolved quickly and effectively.

You can also use email to request a referral, but it is important that you tailor your message to each client. Doing so shows that you are thoughtful and attentive to their needs. In addition, it allows you to highlight key points that will make your client want to recommend your business to others. It is also crucial to acknowledge each and every successful referral, either via email or social media.

4. Stay Connected

It’s important to remember that networking is an ongoing process. Meeting people is only the beginning; you need to actively nurture those relationships. This could be as simple as sending occasional updates or sharing useful insights and resources with your business connections.

Another way to stay connected is by asking for feedback. This shows that you’re interested in improving your business and that you value your business connections.

Finally, it’s a good idea to exchange business cards with everyone you meet at a networking event. This will help you keep track of who you met and ensure that you don’t lose contact information. It’s also a good idea to follow up with those you’ve met within 48 hours by sending an email or connecting on social media. This will keep you top of mind and increase the likelihood that they’ll think of your business when they need products or services like yours.