Ivan Misner: Networking
Get the Right Networking Mind-Set and Skill Set
Make more and better connections when you get your mind and skills in gear for networking.
By Ivan Misner
| July 24, 2006
URL:
http://www.entrepreneur.com/marketing/marketingideas/networkingcolumnistivanmisner/article159496.html
When you're thinking about becoming a more skilled
networker, you usually think about what you can do to
network more effectively. This includes teaching others what kinds
of referrals you're looking for, asking for referrals from your
clients, and using incentives for those referring you. These are
all components of your skill set.
And while it's important to know the right things to do
while networking, it's equally important to start
thinking the right way to make your networking efforts as
successful and dynamic as they can be. This involves altering your
mind-set. Let's take an up-close look at some elements
you'll want to include in your mind-set to ensure networking
success:
1. The law of reciprocity or "givers gain"
approach.
The law of reciprocity sets in motion in-kind responses of
individuals based on the actions of others. I like to call this the
"givers gain" approach. You shouldn't approach
networking thinking "I did this for you, now what are you
going to do for me?" Rather, you should remember the old adage
"Give and you shall receive."
The law of reciprocity takes the focus off of what you stand to
gain from the networking relationship, and in doing so, creates
bonds based on trust and friendship. Put it to the test. You'll
be amazed by the outcome.
2. Diversity in networking.
Look for groups that don't target people just like you. In this
way, you'll broaden the net you seek to cast for referrals.
There are many great networking organizations out there. If you
stay only in groups that focus on your profession, you lose the
breadth you need to develop a wide-reaching network.
3. Farming mentality.
For networking to yield extraordinary success, your mentality must
be that of a farmer. He prepares the soil for months before ever
planting the seeds. He tends the seedlings with care, feeding and
watering them regularly, putting up a scarecrow to keep pesky birds
away. It's a long, drawn-out process to go from seeding a field
to harvesting the crops. There's no quick return.
Approaching networking with a mentality that focuses on the
process of cultivating referrals will create the results you
desire. Too many times I see professionals who are trying to grow
their networks ask all the contacts they make at a mixer to visit
their referral group, or keep them in mind for referrals as they
give each new contact two or three of their business cards. This is
way too soon. Think about that farmer diligently tending the seeds
he has sown, and spend more time strengthening your friendships
with those whom you wish to have as part of your networking
circle.
Now that you have the basics for thinking about networking down
pat, let's examine a few of the things you can do to develop a
strong word-of-mouth-based business:
1. Activate the VCP process.
VCP stands for visibility, credibility and profitability. What you
need to do in order to be visible, credible and profitable takes a
certain skill set. Things like participating in monthly mixers
hosted by your local chamber of commerce, writing a regular column
in your local newspaper or sponsoring the Little League team are
things that make you visible. (See "Build
Relationships That Last" to learn more about the VCP
process.)
As you become more and more visible in your business community,
you'll develop credibility. People will recognize that
you're here for the long haul, and you'll begin to receive
quality referrals. So look for opportunities to make yourself more
visible. Think out of the box--be creative!
2. Sharpshoot, don't shotgun.
When talking about their businesses, many entrepreneurs try to get
everything they do into a 30-second pitch--and potential referral
sources miss most of it. They tune out after the first few items on
the list.
Instead, you should focus on your top two or three areas of
expertise. Keep in mind that you're not marketing to your
referral sources. In effect, you're training a sales force.
Your networking team is there to keep an eye out for potential
clients. If you communicate exactly what type of client you're
looking for, better, more qualified referrals will result.
This skill set is especially productive when you're meeting
weekly with a strong contact network. The difference between trying
to say it all and focusing on one aspect of your business each week
is huge.
3. Hold one-on-ones.
Conducting a one-on-one is almost like doing an interview, except
that you both get to ask questions. The idea is to share something
in each category you discuss with your referral source. I once had
the chance to see how this literally transformed a networking
relationship between two businessmen who'd been in the same
networking group for quite some time but hadn't really made a
deeper connection.
The two begrudgingly took my recommendation to do a GAINS
exchange--to talk about their goals, achievements, interests,
networks and successes--and found that they had quite a few things
in common. They both coached their young daughters' soccer
teams, they both collected sports teams' hats, and their
college degrees were in the same field. These two seemingly
disinterested people became very close and developed the type of
networking relationship that most only dream about.
See how networking is as much a mind-set as it is a skill set?
Clearly, there are many things to do that will make your
networking attempts successful, but there are also a good many
things to be that are equally important to this art.
Dr. Ivan Misner is Entrepreneur.com's "Networking"
columnist and a New York Times bestselling author.
He's also the founder and chairman of BNI, the world's
largest referral organization with thousands of chapters in dozens
of countries around the world. His latest book, Masters of
Success, can be viewed at www.MastersofSuccess.biz.
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