TNNWC ENTREPRENEURIAL PUBLICATIONS

TNNWC Publications And Informational Products Division publishes The National Networker (TNNWC) Weekly Newsletter and The BLUE TUESDAY Report especially for entrepreneurs and early-stage venturers; free weekly subscriptions to these informative publications are available online to all entrepreneurial Members of TNNWC.

Membership in TNNWC is free (it's automatic for any subscriber to any TNNWC Publication) and available at our website. When you arrive there, just click on any of the JOIN US or BECOME a MEMBER buttons or links.

Tuesday, September 18, 2007

The Evolution of Business Networking, By Chris Pareja

Business networking needs to evolve in order to retain its usefulness to business-to-business (B2B) salespeople. The biggest challenge facing business developers is finding the right types of opportunities within the right types of companies. The second biggest challenge is having the appropriate resources at hand to deliver the product or service once the deal is closed. Luckily, business networks are adapting to accommodate both of these problems.

When people think about business networking, two images typically come to mind: Chamber mixers and traditional leads groups that cater to people who sell to small businesses and individuals; or “old boy’s clubs” known for closed-door meetings in smoky backrooms where “under the table” deals are made. Neither of these scenarios is very fruitful for the average entrepreneur, consultant or salesperson who is trying to sell to established businesses at senior decision making levels.

The other problem with these antiquated networking strategies is that they are dependent on a network being geographically-focused or controlled by a few powerful personalities within a specific industry. If a salesperson’s territory is regional or national in scope, networks focused on specific zip codes or cities that work well for insurance, financial services, real estate and other community-based leads are relatively useless. And if they represent a smaller company, they can forget about penetrating the “old boy’s club.”

Some innovative companies such as LinkedIn.com, Xing.com, MySpace.com and other online social networks are allowing geographically dispersed-colleagues and long-forgotten friends or acquaintances to exchange ideas, leads and help stay connected. Other networks try to add value through online message boards or interest-specific email distribution lists. While these valuable tools help connect people technologically, their adoption hasn’t been as rapid as some would expect, because people are hesitant to blindly trust technology as a replacement for face-to-face networking and relationships.

The solution is a hybrid approach that combines local face-to-face meetings with technology-enabled meetings that expand the reach of the individual so they can collaborate with other business developers interested in common geographies, industries and/or providing complementary products or services.

This new approach takes into account the fact that technology is an augmentation to interpersonal connections, not a replacement for them. It also allows people to form alliances nationally and internationally, so they can develop and deliver business on a scale that would have previously been nearly impossible.

A culture of collaboration is sweeping the business-to-business sales world. And new technology is coming into play to enable national and even international collaboration, so small and large companies alike can change the way they uncover, close and deliver new business opportunities. Business networking must continue to evolve in ways that enable this collaboration, and companies must understand networking is not a face-to-face or technology-enabled interaction alone, but requires both online and offline components working together to be truly effective.

By Chris Pareja

Founder of B2BpowerExchange.com

chris@b2bpowerexchange.com

925-200-5333


Forward/Share This Article With Colleagues And Social Media:
Share/Save/Bookmark

No comments:

Blog Archive

BNI News Feed

The Emergence of The Relationship Economy

The Emergence of The Relationship Economy
The Emergence of the Relationship Economy features TNNWC Founder, Adam J. Kovitz as a contributing author and contains some of his early work on The Laws of Relationship Capital. The book is available in hardcopy and e-book formats. With a forward written by Doc Searls (of Cluetrain Manifesto fame), it is considered a "must read" for anyone responsible for the strategic direction of their business. If you would like to purchase your own copy, please click the image above.

Knowledge@Wharton













Site Credits:


Featured in Alltop
ALLTOP Business
News Wire. HOT.
Cool Javascript codes for websites
KeepandShare.com(R)  Fabulous Free Calendars

Create FREE graphics at FlamingText.com