You can be on Entrepreneur’s cover!

4 Ways to Turn Online Relationships Into Valuable Business Contacts Follow these steps to bring your social network to life.

By Lewis Howes

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

blog.timesunion.com

It can be easy to become "friends" or "connected" with someone in a digital world, but it requires thought and strategy to convert social media connections into rewarding business relationships. As a business owner, what's the sense in having droves of followers and connections if you aren't able to turn them into paying customers?

Here are five steps to turning your online relationships into real world success:

1. Take an active interest.
There's a big difference between adding a new connection to your social media account and actually getting to know someone. Taking an active interest means being proactive about reading the profile of a new contact and his or her recent posts. Make sure to read the person's blog -- if he or she has one -- and watch and comment on videos the person has shared.

Related: 5 Ways to Be a Better Leader Online

It amazes me how so few people take the time to do this. Knowing more about your contacts can put you in a better position to add value to the relationship since you'll already know more about what the person does and what his or her interests are.

Knowing this type of personal information can be critical when sparking conversation for in-person meetings. You can come up with interesting questions and conversation topics before getting together.

2. Add value.
"How can I add value to this relationship?" That should be the first question that crosses your mind when making a new connection -- whether online or in person.

Unfortunately, most people think the exact opposite by asking themselves, "What can this relationship offer me?" That outlook generally produces the least amount of results. The more I connect people to opportunities and to other members within my network the more my business grows.

3. Create opportunities to connect offline.
You've probably heard the saying, "People want to do business with people they know, like and trust." But how will someone know if they like you, if they haven't met you?

Related: Online Marketing Strategies for a Tight Budget

As a business owner who is looking to market his or her company, you should be on the lookout for opportunities to get face time with movers and shakers in your network. Here are a few examples of how you can get started:

  • Host a meet-up at a local restaurant whenever you travel for business. You can easily do this via Facebook, but even a simple group email can work, too.
  • Attend events featuring people from your network as guest speakers. Let them know ahead of time that you'd like to meet up and introduce yourself.
  • Set up one or two meetings over coffee each week with new people in your network.

4. Use tools to help organize your meetings with contacts.
The difficulty with growing a powerful business network is trying to stay connected with successful people who are busy making big things happen. That's why I rely on tools and apps to help schedule and keep my meetings organized.

One example is the free iPhone app OverNear. It acts as my social planner, notifying me of opportunities to connect live with members from my inner circle in real time. If I'm at a conference or a networking event, OverNear can let me know if anyone from my professional network is also there, or perhaps near the location of the event. It also allows me and my contacts to share future plans so we never find ourselves saying "I was there, too. We should have met up."

The people and opportunities your business needs are out there, but the only way to uncover them is to take an active role in bringing your social network to life.

Related: 3 Ways to Find Your Next Brilliant Product Idea

Lewis Howes

New York Times Bestselling Author, Entrepreneur, Coach

Lewis Howes is a New York Times bestselling author of The School of Greatness and The Mask of Masculinity. He is a lifestyle entrepreneur, high performance business coach and keynote speaker. A former professional football player and two-sport All-American, he is a current USA Men’s National Handball Team athlete. He hosts a top 100 iTunes ranked Apple podcast, The School of Greatness. Howes was recognized by the White House and President Obama as one of the top 100 entrepreneurs in the country under 30. Details magazine called him one of “5 Internet Guru’s that can Make You Rich.”  Howes has been featured on Ellen, Good Morning America, The Today Show, The New York Times, People, ESPN, Sports Illustrated, Men’s Health and other major media outlets.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

From Tom Brady to Kevin O'Leary – See Who Lost Big in the Wake of the FTX Crypto Collapse

The crash exposed an $8 billion hole in FTX's accounts, leaving investors and customers scrambling to recoup their funds.

Business News

This Highly-Debated Piece of Cinematic History Just Sold For Over $700,000 at Auction

The wood panel from "Titanic" is often mistaken as a door. Either way, he couldn't have fit. (Sorry.)

Business News

Mark Zuckerberg Says This CEO Is the 'Taylor Swift' of Tech

Meta's CEO posed with Nvidia CEO Jensen Huang on Instagram Wednesday.

Fundraising

Avoid These 9 Pitch Deck Mistakes When Asking Others For Money

Crafting an efficient pitch deck requires serious effort, but at least it's not wandering in the dark since certain rules are shaped by decades of relationships between startups and investors.