Showing posts with label networking. Show all posts
Showing posts with label networking. Show all posts

Saturday, September 7, 2019

The Secret to Effective Business Networking

I’ve been attending local networking events as long as I’ve run my content marketing agency (so, 13 years). I’m aware that trying to sell yourself isn’t the general concept behind networking, that it’s better to build relationships over time rather than “machine gunning” your business card to everyone in the room. And believe me: I’ve seen people do that, and it never goes well.


But it surprised the heck out of me to get advice about networking from none other than my mother recently. I was complaining to her that work had been slow this summer, and she suggested I try out her “Mamma Networking Theory.”

Asking her to elaborate, she told a story about how my brother, recently graduated from high school and without contacts in the Arkansas town we had just moved to, was struggling to find a job. Our mother told him he needed to know someone to get a job. She encouraged him to ask any and everyone he could for leads, and she did the same. Apparently, the parents of a friend of mine owned a cleaning service, and when my mother told them that her son was looking for a job, they ended up hiring him.

Her point was: If you don’t ask, you can’t get what you want. And you never know who might have what you’re looking for unless you ask.

Applying the “Mamma Networking Theory”


I grumbled after reading her email because I felt like if I told people business was slow, I’d look like a failure. There’s this weird patina that entrepreneurs wear sometimes to seem like they’re more successful than they are so potential clients flock to them. Tell people you’re having a fire sale on marketing and they’ll flee, or at least that’s what I thought.

I decided to reframe my thinking. Rather than, “Hey, I’m broke. Got any work for me?” I decided to change my wording to, “I’m taking on new clients. Do you know someone I can help?”

I did this with several clients I’m close to, and some said they had more work they could pass on to me. Score.

Armed with this new attitude, I headed to my community business association mixer. I’ve been attending these events for years, so I know most of the people there. Relationship building? Check!

I chatted with the office manager of the association and mentioned that years ago I’d pitched his boss about helping with social media management. My assumption was that they were doing it in-house and didn’t need help.

“You should talk to him,” he told me.

Fueled by that encouragement, I sauntered over to the director of the program. “Hi, Scott. Several years ago, I wanted to help you with your social media. I’d like to extend that offer again if you’re interested.”

Within seconds, we’d agreed to meet to discuss it. Bam. A few days later, I’d signed on the company as a new client. Had I not asked, I wouldn’t have received.

How to get what you want in business


Of course, there is a fine line between doing networking right by being a valuable member of a business community and asking for business. You need to know your audience and genuinely want to help them, not just rake in more revenue. I knew a few of the pain points of this business with regards to social media, so I was able to quickly offer free advice on how they could improve. That usually works one of two ways: They take your advice and “DIY” it, or they’re so impressed with your vast knowledge that they hire you. My free advice got me the latter.

So what do YOU want in your business? Are you asking for it? If you want more sales, talk to people at networking events about the area you specialize in. If you’re an accountant, ask if they manage their own accounting software and invoices or have a professional they work with. Ask what pain points they have. Even if they’re not in the market for an accountant, you may still be able to provide useful tips they’ll be glad to have, and you never know who they know they can refer you to.

When you leave the conversation, if it’s not turning into a meeting or a sale, you can ask, “Do you know anyone I might be able to help with XYZ?” This gets them thinking about their own circle, and they may have someone who is looking for exactly what you offer! By the way, I’m trying this approach in dating, asking friends if they know any amazing men that are good enough for me! Stay tuned on that.

And in general, people do business with the people they know. A lot of the events I go to center around having a beer and nibbling on appetizers while we talk about what’s happening in the community. Even if we don’t discuss business, these are the people I turn to for web design, massage, and dining out because I have relationships with them and want to support them. If you’re an active and helpful member of your community, people will do the same for you.


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Friday, October 9, 2015

How To Get The Most Out of a Conference

The Right Prep Makes Conferences More Productive


Conferences are an overwhelming rush of presentations, conversations, and potential meet-ups, and it can be tough to know where to focus your time. One thing that can help is to pre-introduce yourself. A week or two before the conference, think about who you really want to get to know and then carve out time to achieve that goal. Create a “priority wish list” of people you’d like to connect with. Send them an email introducing yourself (if possible, get an intro from a mutual friend or colleague). If the person is presenting, tell her you’ll be at her session. There’s a lot of fear when presenting that no one will attend your session, so the fact that you’re making the effort will be appreciated. If the person is not presenting, invite him for coffee or see what sessions he’s excited about. Then ask, “Can we sit together?”


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Tuesday, July 22, 2014

Are Trade Shows Worth It For Small Business?

In today’s world of video conferencing, social media marketing, digital marketing and other forms of technologically-enhanced marketing, are old-fashioned trade shows still a good way to win business?
Over the past five to 10 years, trade shows have gone from a “must” to a “maybe” on many small businesses’ marketing plans. Scandals in the news surrounding extravagant trade show spending tax-payer funded entities and other businesses left a bad taste in the mouth of many business owners when they considered trade show marketing. However, exhibiting and attending trade shows remains a viable method for small business owners to make contacts, introduce products and services to new clients, and forge lasting business relationships.
 
According to the Center for Exhibition Industry Research, trade shows and exhibits, the number of attendees at trade shows rose 2% in 2013, the last year for which figures are available. Net square feet devoted to trade shows increased slightly, by 0.8%, and the number of exhibitors grew by 0.5%. Although these are slight gains, the chart below shows the trends continuing to tick upwards from a low in 2009 2010.
 
CEIR Index
Source: Center for Exhibition Industry Research
Key
  • NSF: Net Square Feet (of exhibit space)
  • EXH: Number of Exhibitors
  • ATT: Number of Attendees
  • REV: Revenues
Among the industries that saw the most increases in trade show activity, industrial and heavy machinery showed the most growth, with 6.9% increase in trade show attendance, followed closely by food (5%), sporting goods and travel (2.8% each) and business services (2.6%). If your small business works in these industries, you may want to investigate attending or exhibiting at a trade show next year.

Key Take-Aways

  • Trade shows and exhibits make sense for small business owners who rely upon networking, in-person product demonstrations, and experiential sales. If your product must be shown in person to be understood, believed or sold, consider exhibiting at an industry-specific trade show.
  • To assess your company’s return on investment for trade shows and exhibits, set goals that align with your firm’s strategic initiatives. You can measure factors such as booth traffic, session attendance, and leads obtained.
  • Work with a professional trade show marketing firm to create an exciting booth. Even a simple tabletop booth can be enhanced by professional graphics and backgrounds. Don’t wing it. You’re already investing in your trade show presence; make a great first impression with professional marketing materials.
  • Give-away items can be a great way to promote your company. Just make sure the give-away items are relevant to what you do. While stuffed animals and funny gag gifts will be snapped up by attendees, do they enhance your firm’s brand reputation?
  • Presentations at trade shows are an excellent way to showcase your knowledge, experience and industry thought-leadership. Just make sure that the presentation focuses on an issue, timely topic or sharing knowledge; nobody wants to sit through a sales pitch when they think they’re going to an educational seminar. Panel discussions that include a few clients willing to share their experience around a problem are a great way to highlight your company’s solutions. Other ideas may include sharing a before/after project, sharing research or data your company has collected, or presenting an educational seminar on your area of expertise. Visit the trade show website to fill out the appropriate session suggestion documents and plan at least one, if not two years, ahead of time when pitching sessions.
  • Attending trade shows can be as valuable as exhibiting at them if you are comfortable networking. Make sure you spend time getting to know people at the show. Don’t just hand out business cards willy-nilly. (need business cards? Go here)
  • Follow up within a few days after the trade show with potential contacts. If you let too much time elapse, they might not remember where they met you.


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Wednesday, June 18, 2014

BNI Networking Or Chamber of Commerce For Local Networking?

Referrals are golden! The referrals that you get from friends, customers, and other business people are an important part of your business. However, you have decided that you want to increase the number of referrals that you receive. Asking for referrals can be uncomfortable or even backfire. Who wants to send their connections to an overly aggressive business person?

Business people looking to build business through referrals have a couple of good options which can lead to a consistent stream of referrals and new business:
  • Joining A Local Chamber of Commerce
  • Joining A Local Chapter of BNI

 

What is BNI Networking?

BNI markets itself as the “world’s largest networking, referrals, and word of mouth marketing organization”. The description is ironic because BNI is very locally focused. When joining a BNI, your are joining a specific local chapter. They will only allow one member from each profession into a chapter, so there is competition for referrals with members of other chapters.

BNI is highly structured. They hold weekly meetings with each lasting 90 minutes. If you cannot commit to regularly attending these meetings, BNI is not for you. Also, BNI is not cheap, the cost of joining BNI is around $500 per year.

(There are cheaper referral networking options than BNI. Many of them are free. However, the value of BNI is the quality of its members. An organization with high membership fees and meeting requirements is likely to have a much better quality of member, and should produce better referrals.)

What is a Local Chamber of Commerce?

First, there is a big misconception about chambers of commerce, which is that they are all part of one organization. For example, the San Francisco Chamber of Commerce, the California Chamber of Commerce, and the US Chamber of Commerce are all independent organizations with separate leadership. As a rule of thumb, state, national, and international chambers of commerce tend to focus on political advocacy for their members. While local chambers of commerce, like the Austin Chamber of Commerce, do both political advocacy and provide practical help to their members.

Not all chambers are the same, but they almost all have networking events.

“The Chamber has a number of activities designed to boost networking and offer local business people an opportunity to connect socially and professionally – from monthly “Business After Hours” events, to networking luncheons, breakfast meetings, annual gatherings, etc. They sponsor an annual “Business Expo” that is always a big draw.”
Linda Pophal of Strategic Communications, LLC, member of the Eau Claire Area Chamber of Commerce

Many chambers have events focused on generating leads and referrals.

“I personally run a monthly event they throw called “Leads to Business” where about 70 people are in attendance. Everyone’s business card is photocopied and we go around the room in that order. Each participant gets 30 seconds to explain what their business does and what an idea, lead, or referral is for them. In the 7 years the event has been happening, there hasn’t been a single month where every single person in the room hasn’t left with a lead or referral.”

Darrah Brustein of Equitable Payments, member of the Metro Atlanta Chamber which has around 185 events per year.

Each chamber of commerce is different, however, they generally have annual dues between $100 and $500 per year. Often there are discounts for new members.

Should you join a BNI chapter or the local chamber of commerce?

There is no reason not to do both! However, before joining one or both, you should attend a couple meetings. In both cases, the specific organization will have tremendous impact one’s experience.


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Monday, April 14, 2014