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Wednesday, July 14, 2010

NETWORKING LIKE A PRO: Traits of A Master Networker Entrepreneur

Networking Like A Pro with Dr. Ivan Misner

Networking is more than shaking hands and passing around business cards. Based on a survey I conducted of more than 2,000 people throughout the United States, United Kingdom, Canada, and Australia, it’s about building your “social capital”. The highest-rated traits in the survey are the ones related to developing and maintaining good relationships. For years I’ve been teaching people that this process is more about “farming” than it is about “hunting”. It’s about cultivating relationships with other business professionals. It’s about realizing the capital that comes from building social relationships.

The following traits were ranked in order of perceived importance to networking. They are the traits that will make you a “master networker”.

  1. Follows up on Referrals. This was ranked as the NUMBER ONE trait of successful networkers. If you present an opportunity, whether it is a simple piece of information, a special contact, or a qualified business referral, to someone who consistently fails to follow up successfully, it’s no secret that you’ll eventually stop wasting your time with this person.
  2. Positive Attitude. A consistently negative attitude makes people dislike being around you and drives away referrals; a positive attitude makes people want to associate and cooperate with you. Positive business professionals are like magnets. Others want to be around them and will send their friends, family, and associates to them.
  3. Enthusiastic/Motivated. Think about the people you know. Who gets the most referrals? People who show the most motivation, right? It has been said that the best sales characteristic is enthusiasm. To be respected within our networks, we at least need to sell ourselves with enthusiasm. Once we’ve done an effective job in selling ourselves, we will be able to reap the reward of seeing our contacts sell us to others! That is motivation in and of itself!
  4. Trustworthy. When you refer one person to another, you are putting your reputation on the line. You have to be able to trust your referral partner and be trusted in return. Neither you nor anyone else will refer a contact or valuable information to someone who can’t be trusted to handle it well.
  5. Good Listening Skills. Our success as networkers depends on how well we can listen and learn. The faster you and your networking partner learn what you need to know about each other, the faster you’ll establish a valuable relationship. Communicate well, and listen well.
  6. Networks Always. Master networkers are never “off-duty.” Networking is so natural to them that they can be found networking in the grocery store line, at the doctor’s office and while picking the kids up from school, as well as at the chamber mixers and networking meetings.
  7. Thanks People. Gratitude is sorely lacking in today’s business world. Expressing gratitude to business associates and clients is just another building block in the cultivation of relationships that will lead to increased referrals. People like to refer others to business professionals that go above and beyond. Thanking others at every opportunity will help you stand out from the crowd.
  8. Enjoys Helping. Helping others can be done in a variety of ways, from literally showing up to help with an office move, to clipping a helpful and interesting article and mailing it to an associate or client. Master networkers keep their eyes and ears open for opportunities to advance other people’s interests whenever they can.
  9. Sincere. Insincerity is like a cake without frosting! You can offer the help, the thanks, the listening ear, but if you are not sincerely interested in the other person, they will know it! Those who have developed successful networking skills convey their sincerity at every turn. One of the best ways to develop this trait is to give the individual with whom you are developing a referral relationship your undivided attention.
  10. Works Their Network. It’s not net-sit or net-eat, it’s net-WORK and master networkers don’t let any opportunity to work their networks pass them by. They manage their contacts with contact management software, organize their email address files and carry their referral partners’ business cards as well as their own. They set up appointments to get better acquainted with new contacts so that they can learn as much about them as possible so that they can truly become part of each other’s networks.

Do you see the trend with these ten points? They all tie in to long-term relationship building, not stalking the prey for the big kill. People who take the time to build their social capital are the ones who will have new business referred to them over and over. The key is, to build mutually beneficial business relationships. Only then will you succeed as a master networker.

Called the "father of modern networking" by CNN, Dr. Ivan Misner is a New York Times bestselling author. He is the Founder and Chairman of BNI, the world's largest business networking organization. His newest book, Networking Like a Pro, can be viewed at Dr. Misner is also the Sr. Partner for the Referral Institute, an international referral training company.

For more information, please visit Ivan's TNNWC Bio.

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Peter Biadasz said...

Dr. Misner,

Very practical and informative article. Keep up the great work!

Peter Biadasz

Diantie said...

Dr. Misner,

Great advice. I am saving this info to share with my friends.

Diantie Persaud - CPA

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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.


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