Building Real Relationships Through Networking

Business Relationship Management
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Hopefully, you have a clear understanding of the importance of networking and what it can and will do for your business. You are probably aware of the fact that the main result that comes from networking is successfully building relationships that will stand the test of time and that will be mutually beneficial.

The motivation behind building relationships through networking

When you first start out in a networking situation, your only motivation should be to meet people with whom you have strong professional connection and with whom you wish to share a relationship that will be good for both of you and that will endure indefinitely. Of course, a bonus in that situation is that the people with whom  you forge a professional relationship will introduce you to other people with whom you also share a strong professional connection. The truth of it is that you are both establishing relationships so that you will become more successful in business. There is nothing wrong with that as long as you can help each other get to where you want to be. You should think about networking as getting to know other people and allowing them to get to know you. If you do, it will work out well for both of you.

There are several different reasons why a person should network. Networking is effective if the person is trying to establish relationships for many different reasons, such as establishing job contacts, forging relationships to form strategic partnerships, and many other reasons. No matter what, networking is an essential part of your business and you should come to terms with the fact that you have a responsibility to network in the most effective way possible for your particular business.

How people should network

There are ways to network in person and ways not to network. The first thing that a person should not do when networking is to simply hand anyone a business card without actually engaging that person first. The business card is a tool, it isn’t the entire interaction. The face-to-face, human conversation is the “meat and potatoes” of the connection and the business card is an organized way to be able to contact the person after the fact.  You have a responsibility to get to know the other person as well as you can before  anything else is said or done. You must put in the time and effort with the other person before anything else happens or any results are achieved. If you are not able to build a solid relationship with the other person, you will be finished before you ever begin.

Focus on WIIFM

When it comes to your interactions (and relationships) with other people, it can’t be about how wonderful you and your business are. It must be about how you can help the other person. The concept is “What’s In It For Me”? It must be about the other person. If you network properly and effectively, you will prove extremely useful (and valuable) to each other. Another thing to remember is that if you are able to solve the other person’s problem, they will never forget it and the next time (and the time after that and the time after that) that they have a need for what you are selling,  you will be the first person who pops into their head. That is exactly how you build up your business.

Establishing a relationship for the right reasons

After you have established a connection with the other person and you want to continue to build that relationship, you will need to figure out a way to do that without seeming overly pushy. Even if the other person expressed an interest in following up with you to continue the conversation or to give you additional, pertinent information,  you should wait an acceptable amount of time for them. However, if they don’t contact  you for what you feel is an excessively long amount of time, there is nothing wrong with your contacting them. After all, your goal is to build your relationship and you need to continue on that path.

Make your best effort

When it comes to building relationships, you will not be successful (and this goes for all relationships, whether of a personal or a professional nature) if you don’t put in the time and the effort. It is important for you to understand that you will not be able to build a strong, meaningful relationship in one minute. It will take time and effort and it will be well worth it.

Quality versus quantity

One thing that you should be aware of is that it is not necessary to connect with everyone you meet in a networking setting. Many people will be worthy of your connection but some will not and that is perfectly appropriate. It is, however, important that you exercise good judgment and be as discriminating as you need to be. You have only so much capacity for connections so think wisely.

Conclusion

Building relationships successfully is at the heart of your professional success. You do that in two ways: in person and online. They are both critical to your success and you must make room in your professional life to do both types of networking so that you have a strong, healthy repository of professional connections that will stand the test of time.

We are pleased to provide you with the insightful comments contained herein. For a complimentary assessment of your online presence, let’s have coffee.

Author

  • Michael Cohn

    Michael Cohn is the founder and Chief Technology Officer (CTO) of CompuKol Communications. He has decades of experience in IT and web technologies. Michael founded CompuKol Communications to help small businesses and entrepreneurs increase their visibility and reputation. CompuKol consults, creates, and implements communication strategies for small businesses to monopolize their markets with a unique business voice, vision, and visibility. Mr. Cohn earned a Master’s degree in project management from George Washington University in Washington, DC; and a Master’s degree in computer science and a Bachelor of Science degree in electrical engineering from Fairleigh Dickinson University in Teaneck, NJ.

21 Responses

  1. Sandra Ashford says:

    Via LinkedIn Groups
    Group: Social Media Marketing
    Discussion: How Do You Build Business Relationships?

    I agree, you need to do both. I quite often talk to people via Twitter then when I meet them in person it is really easy to get into conversation with them.
    By Sandra Ashford

  2. Kenneth D. Steadman says:

    Via LinkedIn Groups
    Group: Small Business & Independent Consultant Network
    Discussion: How Do You Build Business Relationships?

    By offering something of value (like a referral) without expecting one in return. People to whom you refer will look to you as a source of knowledge (granted, it would help if the guy you recommend was actually competent). Sometimes networks start like that.
    By Kenneth D. Steadman, MBA

  3. Michael Singer says:

    Via LinkedIn Groups
    Group: ThoseinMedia
    Discussion: How Do You Build Business Relationships?

    I disagree with waiting awhile to connect with people that you meet at a networking event. If you delay connecting with them they may have forgotten everything about that you discussed the first time that you met them.
    By Michael Singer

  4. Laura Stamps says:

    Via LinkedIn Groups
    Group: Marketing Communication
    Discussion: How Do You Build Business Relationships?

    Great points! I think when you network in the right way (which is simply valuing the person you’re talking to) every conversation is a networking opportunity in that you’re building a human bond that could lead to exciting opportunities or wonderful surprises. It should never be all about you. It should always be all about heart.
    By Laura Stamps

  5. Boyd Park says:

    Via LinkedIn Groups
    Group: Small Business & Independent Consultant Network
    Discussion: How Do You Build Business Relationships?

    Easy you have to demonstrate to others that you can deliver and possess the competences others will follow you and also have the others learning from you this obviously strengthens the team and achieve corporate goals
    By Boyd Park

  6. John Roof says:

    Via LinkedIn Groups
    Group: Consulting Success
    Discussion: How Do You Build Business Relationships?

    Michael: You’re absolutely right, without proper networking success would virtually be impossible into today’s business world.

    By John Roof, MBA

  7. Kamaljeet Singh says:

    Via LinkedIn Groups
    Group: Consulting Success
    Discussion: How Do You Build Business Relationships?

    I have observed in many articles wherein people talks about the importance of building relationship through networking. But, can someone please advise any step by step process that gives out desired results….
    By Kamaljeet Singh

  8. Mark Younes says:

    You Build your business day by day
    based on your need and your Outlook
    and your plans, same hair cut for everyone
    makes boldness a standout, after all you the one who knows and decide where
    you are heading , find out your abilities
    and abuse them.

  9. Steven Keltsch says:

    Via LinkedIn Groups
    Group: PeopleCount Social Media
    Discussion: How Do You Build Business Relationships?

    I agree that building good, organic relationships through networking is all about interaction. Being present and presentable to people is a great way to get to know potential business partners, investors, clients, or even employees. It’s a strategy that everyone should consider.
    By Steven Keltsch

  10. Ramabaka Abel Tshimole says:

    Via LinkedIn Groups
    Group: Consulting Success
    Discussion: How Do You Build Business Relationships?

    Yes indeed building relationships is a challenge for most entrepreneurs. It would be interesting to note what are the prevailing definitions of networking that would result in tangible and measurable results.
    By Ramabaka Abel Tshimole

  11. Sharon Goodwin says:

    Via LinkedIn Groups
    Group: Consulting Success
    Discussion: How Do You Build Business Relationships?

    I totally agree about developing a network and the link between good relationships that can establish beneficial results for those who work hard to connect. Being authentic and personable will help to lead you to like minded individuals in your area of business you want to pursue.
    By Sharon Goodwin

  12. Thierry H says:

    Via LinkedIn Groups
    Group: Consulting Success
    Discussion: How Do You Build Business Relationships?

    True! Real essence of any business looking for growth nationwide or globally ~ now the penetration strategy and the implementation is key.
    By Thierry H

  13. Donna (Klaffky) Pullan says:

    Via LinkedIn Groups
    Group: Consulting Success
    Discussion: How Do You Build Business Relationships?

    Great discussion topic Michael. Yes, building relationships on & offline is key to developing a sustainable business however keep in mind that it’s more efficient and effective to establish and build relationships offline. It’s easier to establish the know, like, trust factor and to establish a business friendship. However your choose to network it’s critical that you have a follow up system in place so you can nurture and grow the new relationships…remember, the fortune is in the follow up!
    By Donna (Klaffky) Pullan

  14. Roberta Budvietas says:

    Via LinkedIn Groups
    Group: Consulting Success
    Discussion: How Do You Build Business Relationships?

    Well said Michael – relationships. And relationships take time
    By Roberta Budvietas

  15. Adam Gordon says:

    Via LinkedIn Groups
    Group: Consulting Success
    Discussion: How Do You Build Business Relationships?

    Not just time, but the ability to listen to the other person and not just push your own barrow.
    By Adam Gordon

  16. Raymond Gotoman says:

    Via LinkedIn Groups
    Group: Online Lead Generation
    Discussion: How Do You Build Business Relationships?

    Life is like a bicycle, you must keep going in order to keep your balance.

    Awesome!
    By Raymond Gotoman

  17. Gary Brown says:

    Via LinkedIn Groups
    Group: Online Lead Generation
    Discussion: How Do You Build Business Relationships?

    I thought you just talked to people. The ones that engage I see if there is a synergy and the relationship starts. The key is to take action and talk to people or nothing will ever happen.
    By Gary Brown

  18. Stella John says:

    Via LinkedIn Groups
    Group: Best Internet Marketing Network
    Discussion: How Do You Build Business Relationships?

    Great post and I agree through networking business expansion is easy other than methods .Thanks
    By Stella John

  19. Lionel Cox says:

    Via LinkedIn Groups
    Group: Consulting Success
    Discussion: How Do You Build Business Relationships?

    Building a strong network of like-minded professionals is a must when building business relationships. For those wondering how to network, a great place to star is right here on Linkedin! Joining groups with similar interests to yours and participating in group discussions is a great way to start. You can also reach out to members of the group and make new connections, including people in your local area that you find on Linkedin. Outside of Linkedin, attend local networking events in your area and meet people near you who have similar interests. Reach out to people to find out if you share similar interests and if there is a chance for mutual collaboration. If you can’t find a local event, get with professionals in your area to sponsor an event. These are a few ways to get your network started.
    By Lionel Cox

  20. Sourav Sudhi says:

    Via LinkedIn Groups
    Group: Best Internet Marketing Network
    Discussion: How Do You Build Business Relationships?

    Trust is key. Without it, there’s not even a chance for building a lasting relationship. Do something for the other person. Ask for nothing in return.” You can really build relationships with your customers using social media, which can help your credibility.
    By Sourav Sudhi