Business Growth: How to Build Business Relationships After a Networking Event

rawpixel-com-267082.jpgIn previous blogs, I’ve discussed how to effectively attend networking events. You’re now quite adept at working the room and making the most of your opportunities. And, some of the connections you’ve made have the potential to develop into valuable business relationships. However, attending the event is only the beginning. Whether or not you’re able to build successful business relationships after attending a networking event depends on how well you follow-up.

Business owners often share with me that their networking event was not successful because they didn’t get any ‘real’ leads, but the truth is, that leads are not built in a day and this is why follow up after attending a networking event is so critical. In order to build business relationships after a networking event, you’ll need to follow up. I’ve outlined below seven tips I believe will help to increase your success at the networking events:

  1. Review and prioritize the connections you made: Review your notes and the business cards that you collected. Google the people you met and interacted with. Make a list of the ones that you believe could be a potential client, strategic partner, vendor or referral source and prioritize in order of importance.
  2. Send an email within 48 hours: Send a quick “nice to meet you email”, and personalize it by mentioning some of the things you discussed at the event. Suggest a face-to-face meeting for coffee or lunch and include a few date/time options.
  3. Connect on LinkedIn and other social media networks: This will help you build your online connections and a potential referral network. Connecting on social media also ensures that you and your connections will always be able to contact each other.
  4. Pick up the telephone and make a call: We’re so used to email, social media and text, that making a phone call has become a novel idea. Pick up the phone, have a chat and suggest a time to get together.
  5. Deliver on any promises that you made: In the course of discussion, did you promise to send your new contact some information he/she was looking for? Deliver on your promises as quickly as possible.
  6. Introduce people to each other: Add value. You may have met someone who you believe would be a great connection for someone else that you know. Make the connection. They’ll both thank you for it.
  7. Create a monthly follow-up plan: Building relationships takes time. A monthly follow-up plan will help you cultivate your contacts and build successful business relationships after attending a networking event. It’s also a great reminder.

Are you following up after attending networking events? Want more advice on building successful business relationships after attending a networking event, or general advice from other business owners like you? Find out if a TAB Board is right for you!


Business Networking 101 – Networking Tips

networkingI’ve found connecting with others, personally or professionally, enriches your life. Traditional networking tips and guides have made networking seem like a dry transaction, but I believe networking is far more. Networking is most effective when you meet and get to know people before you ask for help, or offer your products or services. Remember that networking is about being genuine and authentic – your aim is to build trust, relationships and figure out how you can help others. Here are a few networking tips that I have found helpful and hope you will too:

TIP 1: Make Networking a Regular Part of Your Life

I understand your time is valuable and it’s easy to say you don’t have the time to network, but you should make the time for it! Schedule time each week (a meeting, lunch, coffee…etc.) where you can connect with colleagues and key stakeholders. Identify a couple of organizations that will be good resources for your professional development and join them. Finding organizations that align with your values will make networking feel natural, thus, it will become a regular part of your life.

TIP 2: Connect With Professionals who are Different from You

Your network is a source of knowledge, opportunity, prospective business partnerships, future hires, and more. You never know whom you may meet, or whom they know. A diverse network is a strong network!

TIP 3: Keep In Touch with Alumni

As important as it is to make new connections, you still need to nurture existing ones. People like former bosses, colleagues, and school alumni already know what value you bring to the table. Keeping in touch with old connections can be a great source of support, connect you to other people, and they can recommend new opportunities to you.

TIP 4: Reach Out

There’s the obvious LinkedIn connection and the obligatory “thanks for connecting” message, but when you hear or read about someone that impresses you, why not reach out over e-mail? Sending a quick and thoughtful e-mail (keep it to a paragraph or two to avoid information overload) can be a quick and easy way to make a new connection.

TIP 5: Join a Board

Joining peer boards, like TAB, is a great way to meet professionals outside of your industry. You’ll already have common interests since you both chose to be there, so connecting and finding common ground will be that much easier. Bonus tip: Step outside your bubble and look for boards outside of your industry (see Tip 2 for why!).

TIP 6: Help Others First

When you make a new connection try to focus on how you can help them first, and be prepared to give without receiving. Did they mention their brother or girlfriend is looking for a job and you happen to know of one he/she may be interested in? If so, follow up and ask for a resume to pass along to the right people. Even if you don’t get their brother or girlfriend the job, you’re helping your new connection by trying to fulfill a need they or someone close to them has. Most people will naturally reciprocate, and if you continue to help others you’ll be known for your pay it forward attitude. People will come to you for help, and offer theirs without you having to ask.

TIP 7: Tell Your Story and Speak with Confidence

Start by sharing your personal story. Rather than asking for something or talking about what you want from others, share how you got to this point in your life and why you’re talking to this person. Your story will show off your values and beliefs, and will help spark that connection needed to build a professional relationship. Oh, and don’t forget to smile!

TIP 8: Be Prepared So You Can Relax

When you attend events or meetings do your research so you can ask thoughtful and informed questions that people will remember you by. When you go prepared you’re able to relax so you can have fun! People will naturally be drawn to this energy.

Doing your research also means you might learn about some key people you want to meet.

TIP 9: Remember the Small Stuff

You don’t have to add all your contacts’ birthdays or anniversaries into your calendar, however making sure to send your well wishes will go a long way. Small gestures get noticed.

February Networking Challenge

I challenge each of you to get networking, and meet at least one new person this month. Develop a professional connection with them, or, deepen an existing professional relationship. Use the above tips to help you, and remember to have fun!

Do you find the above tips helpful? Share your thoughts and questions with me in the comment section.


The Art of Networking

networking-meeting-of-bus-007Successful business owners will tell you networking is a key component to being prosperous and having influence. The art of crafting powerful and mutually beneficial relationships can do wonders for your career and your business. Like any other form of art, time and practice can help you master your skills. I’d like to share with you some things to keep in mind while you’re working to grow your network:

Invest In Your Relationships

Building social capital (a network of personal and professional relationships – nothing to do with money!) is one of the key assets in your portfolio. Your network will help you connect with influencers and build your personal professional brand. Network strategically and you will find your professional world rich with opportunity.

Network Proactively

Being proactive and staying connected is imperative. Having a network you can tap into is highly valuable, and provides an advantage by supporting you with a collection of smart and powerful people. Being active on LinkedIn and attending business events, such as the TAB 2015 Kick-Off event held by TAB Ontario earlier this month, are easy ways to meet new people.

Be Strategic

Do more than exchange business cards! Rather than focusing on meeting everyone in the room, be intentioned and find one (or a few people) to create solid relationships with. These people will help support your business goals, while you help support them with theirs.

Identify whom you already know and whom you need to know, to help you build a powerful network and reach your business goals.

Create Diversity in Your Network

May I suggest stepping out of your comfort zone? Moving away from your comfort zone will help you separate those who can help you build your business from the people you just like to be around.

Leverage Relationships and Pay It Forward

Focus on the business relationships that really matter – mutually beneficial partnerships.

The right people have power and influence. Identify and develop a relationship with the right people, then build trust in your relationship. Paying it forward comes into play when you are willing to ask others for assistance, and provide some help when others need it.

To Be Successful, Surround Yourself With Success

As Jim Rohn once said, “you are the average of the five people you spend the most time with.” Think about it – you are the average of the five people you spend the most time with. That means others assist in determining how you think, act, and ultimately, how successful you could be.

Look around and ask yourself, “Who do I spend the most time with?” Picture your friends, family, coworkers, mentors…etc. Have they reached the goals they’ve intended to?

Find others with focus and determination, and feed off their enthusiasm and passion.

What has your biggest networking challenge been? Share your experiences with me in the comment section, and stay tuned for the next blog where I will share networking tactics to help your network grow.  


Five Tips to Making This Year More Profitable

Speaker 2Have customers stopped caring or is there little for them to care about?  How can your business continue to thrive in this increasingly confused marketplace?

As business owners, we all ask ourselves these questions, so to kick off the new 2015 business year, we invited a business speaker, Curt Skene, to present to over 100 business owners across Ontario and try to provide some concrete answers to these key questions.

The actual presentation was called Insights for Attracting and Sustaining Profitable Business, and I’d like to share with you my learnings and top five tips on how to make 2015 your best year ever:

  1. Know Everything About Your Customer: Sometimes we don’t ask our customers questions, and sometimes we don’t ask them the right questions. We all know customers are 100% of our business, so make sure you understand them better by asking them thoughtful questions about their business and then turning that into an opportunity to align yourself with their business.
  2. Provide a Solution Not a Service: Think about what problem your business solves for your customer. If you are an RMT, are you trying to reduce stress or relax muscles…or both? What exactly is the solution you offer and start thinking in those terms when describing your business. It needs to be a value-based solution.
  3. Create a WOW in Your Business: Do you know what creates a WOW for your customer? If you don’t, find out by asking them. Your customers chose you when there are so many other companies bidding for their attention. Why? Find out and then leverage it in your marketing strategy.
  4. Have a Hero: It may seem trite, but these days more than ever, we all need to have a hero, a mentor, someone alive or not, to whom we can align our own thoughts and values. A good example was Mayor Rudy Giuliani who when faced with the atrocities of September 11th, recalled his hero Sir Winston Churchill for guidance and strength to help him manage this crisis.
  5. Leverage Your Network Better: We all know hundreds of people and thanks to social media networks, we all know far more than we think we know. Take the time to tap in to your networks, family, friends and social media, to see who you know and how you can “connect”.

While growing your business is important, it will never grow if we don’t take the time to focus on who you are and who your customers are. Sometimes this means conducting market research, but the more you know, the more you can grow!

How well do you think you know your customers? When was that last time you surveyed your customers (and not with a printed or electronic survey)? Do you think of your business as helping your customers? If not, then why not? Let me know in the comment section below.


How Social Media Savvy Are You?

social-media-jigsaw-via-greyweedWith some platforms celebrating almost a decade in existence, it’s safe to say that Social Media is here to stay. Not only has it connected us to friends and family all over the world, it is now engrained in business practices and has become an essential part of connecting with our audiences.

How familiar are you with the different social platforms, either personally or professionally? Do you have a LinkedIn, Facebook or Twitter account? Do you post or search for videos on YouTube? Does your company post a corporate blog?

To have a little fun, and show us where the gaps in our understanding may lay when it comes to this new medium, try your hand at the quiz I’ve assembled that asks, How Social Media Savvy Are You?

  1. According to Business Insider, 5 million affluent investors are using social media to research financial decisions. True or False.
  2. Which day is the most popular day for tweets: Monday, Tuesday, Wednesday, Thursday or Friday. (Choose one)
  3. What is the symbol for hashtag?
  4. You can use a hashtag to mention another user on Twitter. (True or False)
  5. What is the maximum amount of characters you can use in a Tweet?
  6. A live-tweet is the action of sending tweets in order to comment on an event happening live. (True or False)
  7. Google is the most popular search engine. What is the second most popular? Yahoo, YouTube, Bing or Vista. (Choose one)
  8. Which social media platform tops Google as the most trafficked site? Facebook, Twitter, LinkedIn or YouTube. (Choose one)
  9. A Facebook Page is a profile specifically made for businesses, brands and celebrities. (True or False)
  10. Someone who likes a Facebook Page is called a: Liker, Follower, Fan or Connection. (Choose one)
  11. You can permanently erase a social media post. (True or False)
  12. LinkedIn is NOT:
    • A) The leading online professional directory of individuals and companies
    • B) An online resume
    • C) A platform to share online photo albums
    • D) A networking tool

Quiz Answers:

  1. True
  2. Tuesday
  3. Symbol for hashtag is #
  4. False. Use their handle @User to mention another Twitter user
  5. 140
  6. True
  7. YouTube
  8. Facebook
  9. True
  10. Fan
  11. False
  12. C: You cannot share online photo albums on LinkedIn

How did you do?

If you didn’t do as well as you hoped, don’t write off your social media skills just yet! There are plenty of articles and YouTube videos out there that can take you through the ins and outs of each platform so that you can make use of each tool effectively. Ultimately, your engagement with these tools will support your brand’s online presence so that, at every touch point, your audience receives a consistent message.

If anything, the growth and prevalence of social media in business has shown us that our learning is never done – we must constantly be adding to our inventory of knowledge and adapting with the times, even if it is uncomfortable at first.

Has your business fully incorporated social media into your business strategy? Are you still struggling to see the value of social media to your business? I look forward to you thoughts below.