Skip to main content

Networking is Critical for your business

Small business networking is critical to your business success. You must build relationships through networking.

You will need to make this your priority for the first few months of operations. Likewise, you cannot rush this process. Not only that, but you’re not going to go to your first network event and get six clients. But there’s a good chance that you will come away five or six quality contacts.

Networking For Contacts
Once you make the contact, your work is not over. You then have to spend time following up with meetings, proposals and sales calls. But this time is much better spent than chasing down one-shot clients. Work with people who are, or who can put you in touch with, steady clients. These are the contacts that will support your business long-term.

Don’t expect to walk out of every event with a handful of paying clients. Do expect to generate quality leads and referral sources. These referrals and leads are the crux of small business networking.

You need to have many leads and contacts in your funnel at any given time. Some of these will be hotter at different stages. They will be ready to move into paying client status at different stages and different dates. Networking keeps you in contact with these people throughout their buying phases.

The Bottom Line on Networking
Contact and referrals are what will lead you to long-term, steady clients. The kind of clients that will make your business a success. Getting out and attending networking events may appear to be unproductive socializing. Realize that the contacts you make will generate an enormous return on your invested time. Start your network today – you never know where it will take you.

Comments

Most Read This Week

How to Showcase Your Soft Skills in a Job Interview

When it comes to job interviews, technical skills often take centre stage. However, soft skills are equally important and can make a significant difference in how candidates are perceived. So, how can one effectively demonstrate these essential soft skills during an interview? Let us take a look at some practical strategies.

The Culture of Business Planning in Small Enterprises

When it comes to small and privately run companies, the culture of business planning is often shaped by a few key principles. These principles not only guide the operations of the business but also foster a sense of community and purpose within the organization. We can examine the three main principles that define this culture. Flexibility and Adaptability For many small businesses, things can change in the blink of an eye. Whether it’s a shift in market demand, unexpected competition, or even a global pandemic, the ability to adapt is crucial. Responsive Planning: Small companies frequently create business plans that are living documents. This means they’re not set in stone; instead, they evolve as circumstances change. The culture encourages team members to regularly revisit and revise their strategies. Embracing Change: Employees are typically empowered to suggest changes based on their experiences and observations. This creates an environment where everyone feels valued and invest...

Why Engaging with the Community Matters

Local businesses often find themselves competing not just with each other, but also with larger corporations. One effective way to stand out and create a loyal customer base is by actively participating in community events. We can explore the benefits of community involvement, different ways to engage, and how these efforts can create lasting connections. The Power of Community Engagement When businesses get involved in their local communities, they do more than just promote their brand; they build relationships. Here’s why community engagement is so powerful: Brand Recognition: Being present at local events increases visibility. People remember businesses that show up and support their community. Trust Building: When a business takes the time to give back, it fosters trust. Customers are more likely to support businesses that they see caring for their community. Networking Opportunities: Participating in community events opens doors to meet potential customers, partners, and collabora...