Usually it is not what you know but who you know that can make or break your business. You can literally meet new people or contacts everywhere.
A typical place to network is usually a business breakfast, lunch or dinner. Nowadays the place to meet new business partners is online.
For success in an online business it is critical to network. It can surely only strengthen business ties.
On average each of us knows about 250 people. The advantage lies in the people that these people know. If all of them also have about 250 contacts, you can network with about 62 500 people!
Can you see the golden opportunities associated with networking? With an online business, you can network with people globally and do not have to spend time setting up a meeting with individuals or groups. You can use the tools of the internet to get your message across to hundreds of thousands of people at the same time.According to career consultants, about 75% of new business opportunities stem from relationships and references formed through traditional networking. The statistics of these numbers grow exponentially when you network online.
Online networking is also one of the most cost effective ways of starting a new business. But online networking is more than just ” handing out business cards”. It is just as much a process as traditional networking.
Over time you build bridges and add value to the lives of people and the advantage is that both parties win. You do not ask what the advantage is for you alone, but also what you can deliver to them.
No one wants to do business with an egotist. When you give, you will also receive.
The good news for online marketers is that you do not have to leave your house to network. You can meet new people through social media like Facebook, Twitter, MySpace, etc.
One thing to remember is that every connection is important and the quality of every conversation, just as much. Online networking deserves more attention. Networking is about sharing: knowledge, skills and resources.
When people connect online, all the parties want to feel that they have gained some kind of advantage. Through online networking you can also demonstrate your knowledge, build confidence as well as a support system.According to research done using the American Fortune 500 companies, successful leaders spend 48% of their time networking, compared to average leaders only spending 11% of their time on this critical tool. The same goes for online networking.
Think long term. Compare the process to the branches on a tree. One contact leads to another. If you take care of every branch, it will eventually bear fruit.
Here are a few important reasons to network online:
– You get to meet hundreds of new people daily.
– You get to know people with a wide variety of skills and needs.
– You can advertise yourself or your company.
– You can work from home.
– Online networking is fun!