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Showing posts with label Business news. Show all posts
Showing posts with label Business news. Show all posts

Tuesday, November 03, 2009

BLUE THING #4: This Week's Top News Stories

This Week's Top News Stories

This is just too easy...click on THE NATIONAL NEWSPICKER PAGE. You should have this gadget on your blog, your website, your homepage, your newsletters, your social media, and on your refrigerator door by now. You can grab this gadget for free from the site below until November 1st. after that, you'll have to keep going to the page! You're at a stoplight in the crossroads of your life...now's the time to pick! Carpe Nostrilus!


Click on: http://TheNationalNewspickerPage.blogspot.com




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Tuesday, August 25, 2009

CONNECTING IS NOT ENOUGH: Busting the Myth

Connecting Is Not Enough with Andy Lopata

It’s time to shatter a few illusions now. I’m sorry but networking groups do not produce referrals.

That may disappoint a few people who have spent a lot of time and money joining groups in the hope of generating new business. Hours spent at breakfast meetings, lunches and chatting over canapés when you could have been watching The Apprentice…..all wasted.

Before you panic and start cancelling all of your memberships, bear with me. I didn’t say it’s all a waste of time!

The myth is that new business comes directly from networking groups. Because of that myth, it is common practice to join a group, turn up for a while and then question why you have seen no results. The fact that many miss is that networking groups are merely the starting point; most of the business done and most of the relationships built are based on understanding developed outside of the meetings.

This fact stands whether you are looking at an online networking group or one where the members meet face to face. In both cases you still need to develop strong relationships with fellow members and that means spending some quality time with them.

I write and speak a lot about the importance of the depth of relationships developed through networking. Yes, it is important to build a wide and diverse network, but the real power comes from people who know, like and trust you. That’s when people will go out of their way to support you, when people will genuinely want to refer you, when people will seek out the appropriate opportunities.

Referrals and support come not from networking groups but from your network. They are two distinct entities. Your network comprises people you have relationships with, whether they are personal contacts or people you know through business. Your network includes your friends and family, social contacts, people you have met because your children go to the same school. It includes clients, suppliers, business associates and people you have met at networking groups.

Depending on the strength of your relationship, it is these people who want to support you the most, and networking groups are simply a way of feeding that network.

If you can focus on this, you can approach your membership of networking groups in a different way. Instead of looking for one off ‘hits’, people who you immediately see an opportunity to work with or sell to, find people who you’d like to get to know better. Spend time talking with them, meeting outside of the network and developing a real friendship. Through doing so, you will soon count them as a key part of your network, rather than simply being members of the same group.



For someone to refer you effectively, two key elements need to be in place. They need to both trust you enough to effectively put their reputation on the line every time they introduce you to one of their contacts, and they need to understand your business in enough depth to be able to recognise and convert opportunities to refer you.

The limitation with relying on networking groups, or online networks for that matter, is the number of people present. Unless you are in a small Mastermind-style group, there is little opportunity to have in-depth conversations with fellow members and get to know them better. This makes it very difficult to build anything other than a superficial relationship and unlikely that you will develop the levels of trust and understanding that enable mutual referrals and support.

It’s no surprise, therefore, that people who focus their networking purely within the meetings struggle to achieve the potential from their membership. If you take a typical BNI-style meeting for example, if there are 40 members up to one hour of a meeting will typically be taken up with presentations. There are opportunities for brief conversations before and over breakfast.

Yet there are always members who leave the meeting as soon as the formal section has finished. Typically, they then won’t be seen again until the following week.

It’s not much different at larger and less frequent events such as Chambers of Commerce. Many people spend time looking to meet as many new people as possible, collecting business cards. Conversations are fleeting, handshakes rushed and elevator pitches exchanged. They then move onto their next contact.

The only way those connections can work is if you develop them over time. That means taking time out of meetings to have better conversations. I often use that time initially just to get to know each other socially. After all, you want people you like and have something in common with in your network. Over time you can then find out more about each other’s business, the challenges you face and the introductions you seek.

Networking groups often impress on their members the need to have regular 1-2-1 meetings with each other away from their events. It’s not enough just to meet once and tick that person off your list, remember that you are looking to develop a relationship and that means regular conversations and staying in touch. It doesn’t just have to be two of you, meet in small groups socially as well.

Twitter and LinkedIn users are now holding regular ‘Meet Ups’ (or ‘Tweetups for Twitter fans!) so that they can meet face to face. In the UK, Ecademy have been doing this for years.

You will struggle to achieve anything near the potential from your networking if you focus your efforts purely on the events or forums provided by the organisation. Identify people who can justify a place within your network and build the relationship with them.

Networking groups don’t provide referrals. They can, however, introduce you to the people who, over time, will.

_____________________________________________________________________________________

Are you struggling to put an effective networking or referral strategy into place? Do you want to know more about how to ensure you get the maximum possible return from your networking?
Andy's new Audio programme 'Networking in Ninety Minutes' will give you the tools you need to make the most from your networking. Available in CD or mp3 format here.
Andy Lopata's newsletter archive
Andy Lopata's LinkedIn profile
Join Connecting is not Enough - Andy Lopata's Facebook Page


For more information, please visit Andy's TNNW Bio.



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Saturday, July 25, 2009

CONNECTING IS NOT ENOUGH: The Top Ten Ways to Ensure Your Networks are More Effective and Produce Results

Connecting is Not Enough with Andy Lopata


Last month I wrote in my blog about a friend of mine who struggles to get any return from his networking despite always being generous with his time, his contacts and his support.

I got a lot of feedback on the piece, with many people either recognizing themselves, or people they know well, in the description of my friend.

So why do so many people struggle to attain a real return from their networking? There are a host of possible reasons but I thought this might be a good time to share some ways in which you can get more of a return from your networking.


ONE
Take a long-term view


When I was MD of Business Referral Exchange someone came to us wanting to open a group in his local area. At the time we insisted that a group needed fifteen members to start meeting. It took him time to recruit and when he had eight he came to us to beg to be able to open the group.

“I need business NOW”, he said.

My advice was to pick up the phone and cold call. If you need an immediate return, networking is not the tool for you. Networks are built over time, trust is a key factor in people recommending and referring you, and it does not appear over night. Patience is a key factor, as is a long-term view.

Long-termism in networking also allows you to think on a grander scale. As you develop and build your network, investing into the ‘emotional bank account’, you are creating a stronger bank of support to withdraw from when you need to. If you take from the very beginning, people will soon stop networking with you.


TWO
Define success


Are you clear in your mind what success looks like from your networking?

It is vital that you understand exactly what new business you want to generate, which introductions you need, what support you are looking for. Once you are completely focused on this in your mind, you will find it much easier to determine which events you should attend, recognise opportunities when they come along and to clearly communicate to others how they can help you.


THREE
Hone your message


If you’re not getting support and referrals from people in your network, stop blaming them and look at yourself.

How well are you expressing yourself? How easy do you make it for people to support you?

We all lead very busy lives. As much as we want to support those closest to us, the harder it is to do so, the more likely we will move on and do other things. Make it simple for people. Communicate the support you need, be very specific and, above anything else, when someone is in a position to help you, ask them. Don’t simply assume that they will recognise the opportunity to help you if you don’t point it out.

Of course, this step only works if you have built the relationship with them first and they want to help you.



FOUR
Stay with it

A short-term view in networking unfortunately leads to people writing off various groups and networking sites before giving them a chance to produce a return. Although things are improving, there are still people who attend groups seeking a set number of leads, rather than treating each event as a step in the right direction. As a result, they end up visiting lots of different meetings, collecting bundles of business cards and never building relationships.

If you have taken the advice above and set longer term objectives, you can join the right networks to take you there, with a clear idea of the commitment needed from you to achieve those goals. It is rare that a network will produce to its full potential in the first few months of membership.



FIVE
Engage, don’t broadcast


The growth of sites like Twitter has shown both the best and worst of networking. At its worst, there are people who use sites like this to simply broadcast their message, without listening.

Just as with event sponsors who expect people to buy from them just because they have a stand and a couple of minutes to plug their product at an event, they will be disappointed when the results aren’t quite what they had hoped for.

Networks have moved us towards a society where communication is two-way rather than one. Companies have to listen to their customers now, rather than just sell to them. Similarly, we need to engage with people in our networks, listen to them and join in conversations.

As people find out more about us and as we help them more, they then let us know when they are ready to listen to us and possibly buy from us or pass our message onto our target market.


SIX
Give and take


‘Givers Gain’ is the mantra of members of Business Network International (BNI) and both sides of that equation are equally important.

Thanks to BNI’s motto, it is now commonly recognised that you need to give to your network before you can expect to receive. And those gifts you offer should be without expectation of return; networks don’t always deliver your reward from the same direction in which you gave.

Where many networkers fall down however, is in being ready to take in return. We can be in so much danger of not being seen to ‘hunt’ that we are frightened to ask for help when people are ready and willing to offer it.

Know who wants to support you in your network and understand how they can. Then help them to do so and accept their help without guilt.


SEVEN
A wider perspective


The power of networks lies not in the people in our immediate vicinity but in those they know. And that power is exponential. If we have a strong relationship with 150 people, who each know 150 people well, that means we are within one strong introduction of 22,500 people.

Yet so many people can’t see beyond the person in front of them. They go to events and target ‘low hanging fruit’, talking about products in the lower range of their offering because they think those are more relevant to the attendees at those events, or turning down invitations because they won’t meet prospective clients.

Build relationships with people you get on with and don’t ever worry about selling to them. Instead, develop their trust and they will introduce you to the people they know.

If they are ever in a position to buy from you themselves, if you have developed the right levels of trust and understanding they will do so. In the meantime, they could be referring you to a number of their contacts, which could be a lot more valuable to your business.


EIGHT
Everyone’s an individual


Just because you have built your network to large numbers, it doesn’t mean that they will all act in the same way and respond to the same requests.

I received some national press coverage last year because someone in my network asked how he could help me. Instead of reeling off a list of prospects I’d like to meet, I mentioned that I’d like to build my media coverage. Why? Because he was the former executive editor of a national newspaper. I knew he would be comfortable referring me to someone else from the media.

Get to know your network as individuals. Offer support based on their specific needs; ask for support based on their individual ability to help or their circle of influence.


NINE
It’s not about YOU


“I want to talk to xxx because we want to work with that sector more”.

I have heard so many requests for introductions over the years which focus on why the person wants the introduction, not on the value they offer to the person they are asking to be introduced to. Remember the all important words, ‘What’s in it for them?’

When someone agrees to introduce you, they are going to enter into a conversation where you are not present. They need to be able to answer the questions that they will face confidently and leave the other person interested in speaking to you and eagerly waiting for your call. That means that they see your relevance to them, how you are going to solve their problem.

Focus on communicating that relevance effectively and people will find it so much easier to refer you.



TEN
Take risks


‘You can’t make an omelette without breaking some eggs’, as the old saying goes. If you are going to maximize your return from networking, you are going to have to get out of your comfort zone and take some risks.

These include:

- Approaching people you don’t know at networking events
- Risking losing referrals by being specific, rather than covering everything when explaining what you do
- Passing up a quick sale to build a long-term relationship
- Using social networks occasionally to tell people about your successes or ask for help

Whatever the risk may be, look at what you want to achieve and ask yourself a simple question.

Which approach is going to take you closer to your goal?
_____________________________________________________________________________________

Are you struggling to put an effective networking or referral strategy into place? Do you want to know more about how to ensure you get the maximum possible return from your networking?
Andy's new Audio programme 'Networking in Ninety Minutes' will give you the tools you need to make the most from your networking. Available in CD or mp3 format here.
Andy Lopata's newsletter archive
Andy Lopata's LinkedIn profile
Join Connecting is not Enough - Andy Lopata's Facebook Page


For more information, please visit Andy's TNNW Bio.


Published by THE NATIONAL NETWORKER Newsletter. All rights reserved. Subscribe Free - Click HERE.


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Sunday, June 21, 2009

CONNECTING IS NOT ENOUGH: It’s a Question of Trust

Connecting is Not Enough with Andy Lopata

It wasn’t what he expected to hear, that’s for sure!

I was half way through a 1-2-1 with a new networking connection when I surprised him.

“I don’t trust you”, I said.

The expression on his face was, to say the least, interesting. The meeting had gone well, we had shared a lot of views in common, he had shared some of his marketing processes with me and we had some contacts in common. The conversation had just turned to relationship building in networking and the importance of not selling at networking events, instead focusing on developing rapport and, most importantly, trust with fellow members.

“This is where so many people get it wrong”, I went on to explain. “When someone says they don’t trust us, we take it as a sign of distrust. We paint everything in black and white. We either trust someone or we distrust them. But that’s not the way things really work.

“In fact, we all start out either at, or close to, trust neutral. When we first meet someone we don’t have strong enough grounds to any strong feelings of trust either way. Trust is based on evidence; we need to have grounds to decide whether or not we can put our faith in someone. “

Of course, there are instant factors that mean that we may not necessarily start out at exactly neutral. The all important first-impressions certainly have an impact, get it right and people will want to trust you, get it wrong and you will have a lot more work to do to win that trust.

Similarly, a shared background, shared friends or having heard good things about people will give a strong platform from which to build trust. You still, however, have to prove those initial impressions correct.

This concept of trust is key to networking effectively in many ways. There are still far too many people who go to events and expect trust instantly, without earning it. At the other end of the spectrum, there are those who can’t see the point of networking with strangers and who won’t open their networks to them.

You have to find a balance. Don’t wade in to networking events and just expect people to buy from you or connect you because you are there. Trust has to be earned.

I went to a networking event a few years ago where part of the evening was a short ‘Speed Networking’ session. We were all told to move along the line and take it in turns to introduce ourselves and then ask the other person “How can I help you?” Naturally, it felt completely odd. Asking complete strangers how you can help them is a false position. It’s rarely genuine. That question does not occur that early in a relationship; you need to want to help people, and the more you trust them the more likely you are to want to help.

On the other hand, if networking is to work, there needs to be a willingness to trust earlier than you would normally. Networking groups bring people together to provide focused support, whether in terms of sharing contacts, ideas, expertise or experiences. In normal circumstances, what you share in a networking group is reserved for people you know very well. But networks can’t work effectively if no one gives to the process without some degree of implied trust.

For me, a classic example is people who join LinkedIn and then proceed to hide their network from the people they connect with. The whole purpose of LinkedIn is to share connections. If you have issues with implied trust, only connect to people you do trust. But be ready to share with them. Without that you are limiting the network’s effectiveness.

In May I attended NRG Metropolitan, a monthly networking group, for the first time. I already knew some of the people in the group and the organizers, which gave me a good start in terms of winning the trust of people there. I walked out of the meeting with three very promising meetings in the diary and congratulating myself on a job well done.

Initially I had just gone to the group to take a client who might find it useful to join and to see if I could recommend it. The three meetings were a bonus. Then I stopped to think.

I looked at the chemistry between the members there, which was clearly very strong. I recognised that the group was packed with strong networkers, who understood the value of helping each other. And I could see clearly that there was a high level of trust between the members.

It became clear to me that this group offered more if I committed to regular attendance. I also recognised that I would need to win the trust of the members there if I could achieve that potential, and it would need that commitment. I decided to join and attend regularly.

In June I went for the second time. Offered the opportunity to give a two minute presentation on my business, I told rather than sold, sharing some information about what I do without asking for anything in return. Between the meetings I had 1-2-1s with two of the members and arranged two more for the next month.

The aim is to build trust over time. I don’t go into the group expecting business or referrals straight away, but recognise that the potential in that group is huge if I commit and earn that trust.

It’s not that the group distrusts me, but I’m pretty sure that they don’t trust me. Not just yet anyway.


For more information, please visit Andy's TNNW Bio.


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Monday, May 25, 2009

CONNECTING IS NOT ENOUGH: Ten Years Later

Connecting is Not Enough with Andy Lopata


Last month saw me celebrate a ten-year anniversary. On 11th May 1999 I started work for Business Referral Exchange, then a new networking organisation founded six months previously and with just four groups running in London, Hertfordshire and Essex. At the time networking as a formal activity was little known in the UK, with a few independent groups supplementing the networking offered by Chambers of Commerce and community groups such as Rotary.

How times have changed! Networking is now a key activity for millions of small business owners across the World and, with the rise of social online networks, is being recognised as a key skill for everyone, from jobseekers to global corporates.

Last month’s personal anniversary started me thinking about the changes I have seen in networking in that time, how the popularity of networking has grown and what we can expect over the next decade. Approaches to networking, behaviour within networks and even where we network and with whom have all changed. I still think there is a long journey to travel before everyone who needs to network recognises its true importance and does so effectively and efficiently.

That, I suppose, is why I write this column every month!

Why have we seen such a rapid growth in networking over the last decade? There have been a number of influences on its increased popularity, and our approach to it. These influences have certainly been strong in the UK, although I think similar patterns have explained the same developments in other countries.

The first influence is the growth of micro and small businesses. Large organisations have been downsizing their workforce for some years, predating the current recession. In fact the move away from relying on employees to bringing in contractors has been growing over the last decade. Many people have been encouraged to leave the security of employment in exchange for the greater rewards of contract work, leading to the establishment of thousands of small businesses.

The current economic crisis has accelerated this trend as hundreds of thousands of people have been made redundant. I believe that one of the long-term results of the credit crunch will be a second surge in numbers of small businesses. It is widely recognised that job security no longer exists in the way it has previously and the ability to be responsible for one’s own future has become more attractive.

The upshot of a growth of small businesses is an increase in networking. One man bands and micro businesses do not have the budget for advertising, PR and sales teams that larger organisations have traditionally relied upon. Instead they quickly realise that they have to grow and reach out to a network of others to find clients and develop their business.

Moving away from working within a large team, surrounded by people to turn to when answers are needed, and towards working in their own homes, feeling isolated from the World, also compels people to look towards networks. Networking groups have been increasingly seen not just as a source of new business, but as a replacement for the ‘water cooler moments’ and support systems that a large office provides.

Another key influence on the direction networking has taken has been the increase in social networking technology. Ten years ago there was little to no online networking, other than groups and forums on sites such as Yahoo. Today you get an invitation to a new site almost every day.

The popularity of predominantly social sites such as Facebook and Twitter has brought the benefits of networking into the wider public consciousness and has been reflected in an increased awareness of professional sites such as LinkedIn. You can now find people on LinkedIn who would not have been found on any other network as recently as last year.

The growth of such technology has made networking accessible to many more people. A decade ago networking was purely for business and took place either at breakfast or early evening, excluding many people, predominantly women, with childcare responsibilities. Now you can network at your convenience, at any time of day or night, through online networks.

The growth of online networks will also impact on the willingness of people to network and their behaviour in networks over the coming years. The ‘Millennial’ Generation, or ‘Gen Y’ have grown up with social networks as the norm. They will expect networking as part of their career and job development and more companies will recognise the benefit of collaboration and networks as this generation reaches senior management levels.

What will be interesting will be the impact of new technologies and new generations on behaviour within networks. When I started work in networking many people were driven by short-term sales targets and brief, transactional, interactions. Over the years the importance of relationship building became a higher priority for many and people began to recognise the futility of trying to sell in an environment where people haven’t come to buy, and realise that referrals carry more weight than individual sales.

With the growth of online networks, however, there has been a backward step. Many people treat networks such as Twitter and LinkedIn purely as broadcast tools. They don’t seek to engage people in conversation or build quality relationships. Instead they focus on getting as many connections, friends or followers as possible and rattle out broadcast messages to them.

The more ‘sophisticated’ among the new networkers boast of a strategy where they drive people to their own website and then to ‘squeeze’ pages where they can encourage a transaction. There is little attempt at conversation or education, once more it is all about the sale.

This approach lacks any sustainability. While some people might thrive, as they have done with other related forms of internet marketing, if too many people follow this approach it will turn away newer converts to networking and those who seek relationships. Very few people join networks to be a notch on the bedpost or to be sold to, therefore any network where everyone seeks just to build huge numbers of connections or sell without looking to help others first will lose members rapidly.

Also people will soon become disaffected with the pursuit of numbers as they realise that numbers alone don’t produce benefits, and find how difficult it is to maintain relationships in a network that has grown too large. I have already seen a number of people shelve Facebook and LinkedIn contacts publicly as they attempt to rationalize their networks and more people will begin to do this.

Moving forward, I expect to see a number of changes in networking behaviour over coming years.

The most important change will be a more strategic approach to networking activity. There needs to be a shift from networking as an afterthought, or as a response to invitations, to a goals-oriented networking strategy. People won’t be able to cope with the number of choices available, both online and in person, and will select which networks suit their personal and business goals. They will be happier to commit to those networks which make sense for them and spurn other invitations.

Such an approach will see a growth in niche and peer-group support networks. There has been a growing understanding of the role networking has beyond sales, and how strong that value is. Mastermind groups will grow in popularity and there will be a shift in the ‘numbers’ game, with people preferring smaller networks of like-minded people to getting as many people together as possible.

We will also see more engagement in networking by individuals and large organisations. Women’s groups have led the field in both areas, striving to even out inequalities in business and in the workplace by encouraging women to work together and support each others’ development. Their successes will encourage others to explore the benefits that networking can bring and evidence of someone’s networking activity may soon take pride of place on CVs as people look for their next career move.

Times may have changed over the last decade but there are still many changes to come. Networking has grown in respectability and popularity over that time, the next step is for an increased understanding of the ‘right’ way to network. A move from quantity to quality and from activity-driven to goal-driven networking is the next natural step.

We’re heading in the right direction but there’s still a long way to go.


_____________________________________________________________________________________

Are you struggling to put an effective networking or referral strategy into place? Do you want to know more about how to ensure you get the maximum possible return from your networking?
Andy's new Audio programme 'Networking in Ninety Minutes' will give you the tools you need to make the most from your networking. Available in CD or mp3 format here.
Andy Lopata's newsletter archive
Andy Lopata's LinkedIn profile



*******
Posted to THE NATIONAL NETWORKER (TNNW). All rights reserved.

To subscribe for your free TNNW Newsletter, go to http://www.thenationalnetworker.com/ For the complete National Networker (TNNW) Relationship Capital Toolkit and a free continuous RSS feed (available either by traditional RSS or by direct email), go to: http://thenationalnetworkerweblog.blogspot.com/

You are also invited to click our buttons:
Subscribe to THE NATIONAL NETWORKER
Link To THE NATIONAL NETWORKER
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Tuesday, April 07, 2009

CONNECTING IS NOT ENOUGH: The Importance of Networking in a Recession

Connecting is Not Enough with Andy Lopata

We may be facing tough times, with businesses going to the wall, budgets being slashed and thousands of jobs being lost. There are things we can do, however, to give ourselves the best chance of surviving, and even thriving in this crisis.

The ‘dog-eat-dog’ world of business painted by TV programmes such as The Apprentice is not necessarily the way forward in business today. Instead businesses are more likely to achieve positive results through collaboration. Sharing experiences, expertise, ideas and contacts is essential to business success.

In short, networking is vital. It helps businesses become better known, better equipped and achieve better market penetration than they could manage on their own.

So, how can networking help you get the edge you need to succeed and overcome the current recession?

First of all, networks can help you to build your profile and your reputation. We all know the phrase ‘It’s not what you know, it’s who you know’. Well, more important is who knows you….. and what they are saying about you.

A lack of profile will not help any business succeed. Whether that profile is widespread or among a very closely defined group of people, your reputation counts.

The most traditional way of raising profile, particularly for bigger companies, is through advertising and sponsorship. Yet for so many people, particularly in the current economic climate, such opportunities are out of reach. Instead, networking plays a key role.

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Successful businesses recognise the value of having a team of people talking about them and associating them with excellence in their field. More than ever we are inclined to listen to our peers when making buying decisions, and a strong reputation can prove to be the right foundation for building a business.

Understand where you want that profile to go and pick your networks accordingly. Are your potential clients based in a geographic area, within one or more industries? Do the people who decide to use your services tend to be from one or two key roles within organisations, such as Sales Directors or Heads of HR? Wherever you need the word spread, understand who those people will be talking to, where they are most likely to hear about you and network accordingly.

The growth of online networks has made it even easier to raise your profile and spread the word. Clearly, online networks are a much easier way to reach a wider audience and grow a global reputation, but there are also a large number of niche networks on the internet, serving different industries, interest groups and locations.

A word of warning here, it is one thing to spread the word about your business, online or off. It is quite another to manage what is being said about you. It is important that you have a clearly defined view of what your message is and what you want people to say about you.

Attending networking events and continually moaning, whether about the state of the economy, other people in your network or even the quality of the food on offer, is not going to endear you to others. Nor is it likely to encourage them to talk about you positively.

In a similar vein, simply being seen is not enough. Sure, the more people you connect with, the more will be aware of you. What will they think of you though? What will they be saying to others?

Managing the message that others communicate on your behalf is the key to developing a strong reputation networking strategy. Ask yourself the question before you connect with anyone else as part of your business strategy, ‘After someone has met me, how would I want them to describe me to someone else?’

You can be in control of what others say about you, the key is to think about it in advance. Picture the impact you have on others, does it reflect how you would like to be seen? Do people understand what you do, who you do it for and why others would want to know about you?

Naturally there are other dangers, much talked about elsewhere, to your reputation from social networks such as Facebook. It can be easy to be drawn into arguments or banter with other people in your network and forget that this is a window to the World. Have fun, show your personal side by all means, but it is important to ensure that you have your professional image in mind at all times.

Apart from profile building, networks also act as a very powerful self-development tool. As John Donne said, ‘No Man is an Island’ and this is particularly true now. We need to learn from others, benefit from their experiences and expertise and open ourselves out to new ideas if we are to achieve as much as is possible.


Our networks can provide a lot of that support, both formally and informally. There is a good chance that you already have a network of people who want you to succeed and have already been through the challenges you are facing. Have you asked for their advice? Have you sought their support?

If you don’t have the relevant experience in your immediate network, or if you don’t feel comfortable asking the question, there are many networks set up specifically to provide those resources. From the blogs and clubs on social networks to events with speakers, the support is there, you simply have to seek it out.

Many people attend networking events with speakers without any concept of what they want to gain from the talk. Next time you go to such an event have a look around the room and see how many people are not taking notes, or are checking their phones for the latest emails!

Instead, outline your key self-development or business-development needs and seek out the events with speakers who address those issues. Set out a list of questions in advance that you would like answered and listen carefully for the answers to those questions during the talk. You’ll be amazed at how much more you can get from such an event when you have a greater degree of focus.

In addition to listening to talks from experts in their field, there is much you can learn from other people in similar positions to you. One growth area in networking is peer-support, or ‘Mastermind’, groups. These range from formally organized membership groups to many independent meetings, business people at a similar level to each other meet regularly, share their challenges and offer their feedback, advice and suggestions. In the best groups they will also hold each other to account for their actions.

Additionally, you can gain a lot of the knowledge and skills you need from industry associations and networks. I developed my speaking business through lessons learnt over six years of membership of the Professional Speakers Association (PSA). I only did so by attending a large number of meetings and conventions, listening to the speakers at those events and interacting with many fellow members.

A lot of the people I learnt from in the PSA were, and are, on one level competitors of mine. Yet we have a culture of sharing, one that recognises that there are enough opportunities out there for all of us but we stand to make much more of those opportunities if we work together and are prepared to help and learn from each other.

The third way in which networking is a key activity in difficult times is probably the most obvious, and that is as a referral-generation tool.

Please note, I didn’t talk about sales, but referrals. Networking is not selling and should never be treated as such. The people who will really benefit from their networks at present are those people who have been building their relationships over a long period of time. As the old adage goes, ‘making friends while they could, not when they need them’.

You need to be patient if you are to build a referral network. People refer others who they know, like and trust and that doesn’t happen overnight. During tough times though, those referrals are invaluable, opening doors that have been slammed shut on vendors generally and bringing your business to the top of the pile.

It’s not just businesses who depend on referrals. With the number of redundancies being made at the moment, any good job being advertised will be swamped by high quality applications. Yet I would venture that in most cases the job will have already effectively been filled beforehand, by someone who was recommended to the recruiter.

For people to refer you, two things need to be in place. And both have been discussed in this article.

First of all, they need to trust you. You might get introductions from people you have just met, but the better someone knows you and the more they have belief in you, the more likely it is that they will go out of their way for you and offer a strong referral.

They also have to understand your business. They need to be able to recognise your prospects and the problems those prospects have that you can resolve. Above all, they have to be able to convince that person that they want to speak to you and find out what you can offer. That also takes time to develop.

If you surround yourself with people who do have that level of trust and understanding in you, you can ask for the connections you need to drive your business forward in good times and bad. Doors will open for you that others will be struggling to break down and you can manage the quality of business you attract.

Times may be tough, and they may get tougher yet. There is no denying, however, that there is still something you can do about it. Build a strong network and work with that network to ensure you are better known, better equipped and have better market penetration than you could ever manage on your own.

_____________________________________________________________________________________

Are you struggling to put an effective networking or referral strategy into place? Do you want to know more about how to ensure you get the maximum possible return from your networking?
Andy's new Audio programme 'Networking in Ninety Minutes' will give you the tools you need to make the most from your networking. Available in CD or mp3 format here.
Andy Lopata's newsletter archive
Andy Lopata's LinkedIn profile
Tune into Andy's weekly networking tips on yourBusinessChannel



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Wednesday, March 25, 2009

U.S. SOUTHWEST: Onecoach in LA - A Small Business Owner's Dream!

By Kathleen Ronald, U.S. Southwest Bureau Chief
(Arizona, Utah, Nevada, California)


This month, I’m thrilled to be able to introduce you to Rick Lugash of OneCoach. Rick has a story that is essential for any small business owners, entrepreneurs and micro-business owners to hear. If that describes you, listen up- this could change everything.


I met Rick last month, for my first OneCoach monthly meeting in Los Angeles, where my friend Karen Russo was the guest speaker. After experiencing the wonder of a OneCoach networking event, and connecting with Rick, I decided that I needed to bring you their story- a story about the birth of the perfect suite of solutions for small business owners. Trust me- they’ve helped thousands of them.


Generally, my interviews consist of asking entrepreneurs why they founded a group or business. Rick’s case is unique, because he didn’t start the idea originally. Instead, Rick was the perfect example of someone who was interested in what OneCoach had to offer. As Rick explained, he grew up as a serial junkie of success literature, who was curious about human behavior and why people don’t do the things they know they need to do everyday to achieve what they want. Rick was particularly fascinated by the way people always seem to compartmentalize their home life and their work life, and deal with them as separate issues.


Rick always felt that it was better to approach life and learning in a more integrative strategy, with one approach. A synchronized lifestyle seemed much more effective- however, a practical model for this was hard to come by. The resource eluded him until he met John Assaraf, and learned about his new company OneCoach. John’s amazing reputation precedes him, as his bio looks like a “who’s who of entrepreneurs”; if anyone was able to design the perfect solution for small business owners who could develop themselves personally and through their business, it was John.


Once he connected with John, Rick knew he had finally come across the company he had envisioned for so many years. This dream, which for so long had existed only in Rick’s mind, was actually a reality- a company that was ideally developed to address the needs of small business owners, from a holistic approach, teaching them to have the right mindset and the fundamental skills they needed to grow a business.


Rick joined the OneCoach team, and headed up the development of the franchise arm of the business. After several years in that role, he was so excited about what they had created that he decided to buy the master franchise rights as the Regional Owner for Los Angeles, Ventura and Santa Barbara counties. Today, Rick is not longer part of corporate, but rather an owner, helping independently owned, local franchisees build their own successful OneCoach operations that help small businesses in that community.


Rick's new role is three fold; he's on a constant search for the best people out there to be the voice of OneCoach in their local market; he supports them in building their own successful business; and he's out there building the OneCoach brand through media, joint ventures and affiliates.


If you are a small business owner, you MUST check out OneCoach’s monthly networking and masterminding activities to see for yourself everything they have to offer. You can find the local highlights online, but nothing beats the real thing. Rick and his team really make everyone feel welcome. The meeting I attended was a great experience, and they facilitated some awesome exercises that I found to be hugely beneficial.


Check out the incredible benefits of this unique networking opportunity!

· Connect with small business owners

· Participate in their “snap networking” exercise- facilitated to meet the most people

· Facilitated Mastermind exercise

· Speaker on one element of growing your business

· Low cost of only $20- bring two friends and it’s only $10! If you are already a member of the OneCoach business growth system, it's FREE!


You’ll get a better idea of the innumerable benefits as you delve deeper into the world of OneCoach, explore their vast array of products and services, and spend time getting to know Rick and his team. Rick has established an ‘open door’ policy for non-members in Los Angeles, although not all chapters of OneCoach are consistent in that policy. Check your local listings to find out how to get into the OneCoach meeting nearest you.


Of course, once you attend a OneCoach networking event and hear about the amazing benefits of what they have to offer you, you may just get hooked. You may find yourself loving it so much, you end up checking out their coaching model, products or even franchisee opportunities. With such an amazing answer to small business needs, you can’t refuse to check out OneCoach, and all the amazing opportunities that await you!


If you are interested in knowing more about future networking opportunities, becoming a OneCoach Coach or becoming a franchisee you can contact Rick Lugash at rlugash@onecoach.com

_______________________________________________________

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Monday, March 23, 2009

CONNECTING IS NOT ENOUGH: Will you be my Friend?

Connecting is Not Enough with Andy Lopata

Have you experienced that strange sensation recently? A feeling of importance, of celebrity, of previously unmatched popularity. It’s the feeling that the lucky kids at school all understood but that the rest of us could only dream of.

All of a sudden everyone wants to be your friend.

From Facebook to LinkedIn, from Plaxo to Fastpitch and from Xing to Friendster, people are asking to be friends. And they’re not just people we know, have met or who share mutual friends. They are people from all over the World, with varied backgrounds and different interests. Yet they all want to be our friends and share in our lives.

Do you embrace each and every one of these new-found friends? Or do you find something uncomfortable and disconcerting about all of these requests from strangers?

Once you have befriended them, your popularity knows no-bounds. They want to follow you to every party you go to, and want to invite you to the ones they’re attending. All of a sudden you are a member of countless social networks…….and your network is the same on each one!

There are many people who embrace this method of networking. They believe that the more people you connect with, the broader your network, the more successful you are. For the more extreme, they count success in terms of ‘notches on the bedpost’. Others do take a more level-headed approach, recognizing that they do need to interact with many of these new ‘friends’ but that there is value in broadcasting to everyone else they are connected to. Not so much networking as marketing.

It might not surprise you that I favour a different approach to my online networking. My approach takes three stages, each one making it far easier to manage my time on each network effectively, interact with people in the best way possible and able to connect with everyone who genuinely wants to connect with me.

Stage One –

Understand WHERE you want to be


With so many invitations coming through now, there is a danger of stretching yourself too thin. I have received two more invitations to new networks in the short period of time I have been writing this column. Unless you plan to make membership of social networks a full time occupation, it would be impossible for anyone to be an effective, active member of every network available, so be selective.

There are probably four types of online network for me. Those I will never join; those I join, upload a profile but never visit again; those I join, upload a profile and visit occasionally and those I commit to.

The networks that I commit to are the ones who draw me in, encourage me to contribute and demonstrate a value to being there. For a long time LinkedIn was a network on which I had a profile and visited infrequently as there was such little apparent activity on the site. Over the last 12-15 months two things have happened to change that. The network themselves have added more functionality, allowing you to achieve more through the site, and more people have been drawn to LinkedIn, making activity there more rewarding.

Therefore, you do need to join a few networks and try them out to find out where you are at home, where you feel most comfortable and which ones demonstrate that membership will deliver a return for you, whatever that may be.

That leads us nicely onto

Stage Two –

Understand WHY you want to be there


In my opinion, the most effective way to exploit the sheer number of networks is to use each for a different purpose. If you simply join a lot of networks and use them in the same way, you will find yourself repeating the same activity again and again. Can you really afford to spend your time doing that?

People have talked for a long time about wanting a site, or some software, that replicates your content and profile across networks. I know such software is being developed and wouldn’t be surprised to find out it already exists. You can already post a ‘tweet’ on Twitter and see it duplicated on Facebook and elsewhere.

That’s all very nice but doesn’t it take away the ‘human’ element of social networking? Have a look at the Facebook page of someone who feeds their tweets through. You will see a lot of activity, much of which doesn’t make sense in isolation and using jargon from one network (Twitter) that makes no sense to Facebook users not accustomed to it.

The redesign of Facebook into a Tweeter-style feed is going to encourage this activity more. It means that people using this technology will have fewer reasons to visit Facebook and will no longer be ‘networking’ on it. Facebook will simply be reduced to another broadcast mechanism, rather than a tool for effective engagement and interaction.

If you want to broadcast, that’s fine. My approach takes a slightly different direction though. I believe that each network can play a different purpose. For example:

Facebook is a very human network and provides the opportunity for your professional network to find out about the person, and for your personal network to find out about your profession. It is a great tool for deepening relationships and, used wisely, building trust.

LinkedIn’s primary purpose is to aid connections. You can find out how you are connected to the key people you want to meet, and secure the introductions through your existing network.

Networks such as Ecademy, Xing and FastPitch encourage you to build the breadth of your network by making new connections. These are great fora for meeting new people, finding out about them and developing the beginnings of a relationship. They also allow you to build on those relationships through various events, clubs and ongoing conversations.

By taking that type of approach to your online networking, it means that you can be more selective about

Stage Three –

Understanding WHO you want to connect with there


Following the approach above, you would only invite existing contacts to link to you on Facebook or LinkedIn, while having other networks you can direct newcomers to. Let them develop the relationship on one of the other networks before taking it to the next stage.

An additional benefit to this approach is that it is easier to find and connect contacts in your ‘deeper’ networks. One of the problems of building mass connections is finding people if you’re not looking by name. Keeping these networks smaller makes that task much easier.

The numbers of social networks is going to continue growing as niche networks become more popular. With the increase in popularity of Ning and similar sites, more of your contacts will develop, and invite you to, their own personal social network, while face to face networks you belong to and industry bodies will all invite you to theirs.

Without a strategy to approach these invitations, you run the risk of becoming overwhelmed and turning your back on social networking completely.

Now, that wouldn’t make you too popular!

________________________


Are you struggling to put an effective networking or referral strategy into place? Do you want to know more about how to ensure you get the maximum possible return from your networking?
Andy's new Audio programme 'Networking in Ninety Minutes' will give you the tools you need to make the most from your networking. Available in CD or mp3 format here.

Andy Lopata's newsletter archive
Andy Lopata's LinkedIn profile
Tune into Andy's weekly networking tips on yourBusinessChannel

_________________________________________________________________________
Posted to THE NATIONAL NETWORKER.



To subscribe for your free newsletter, go to www.TheNationalNetworker.com.

For the complete National Networker Relationship Capital Toolkit and a free, continuous RSS feed (available either by traditional RSS or by direct email), go to: http://thenationalnetworkerweblog.blogspot.com.


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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.

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