The Three Networking Target Markets
Ever wasted precious time networking? It's time you'll never get back. And like me, you've been to the wrong events, spoken to the wrong people and had the wrong conversations. That's your fault! To put it right, start with a good understanding of who you're looking to meet - your three target markets...
On my business-winning development programs, I often ask people to come up with the secret of great networking. You won't be surprised to hear I get many different answers! Dr. Ivan Misner, Founder and Chairman of global networking organisation BNI and the world authority on the subject, give the definitive answer:"People who concentrate entirely on the material and financial aspects of business fail to realise that in the end all business is conducted through personal relationships."
One of the biggest reasons networking doesn't work for most people is because they give such little thought to who they want to build these relationships with. There are three possible target markets for your networking:
- People You Can Sell To.
- People You Can Buy From.
- People You Can Connect.
- Word of Mouth Marketing. This is a powerful way to generate business for the majority of professionals. And it's low cost too! Forget advertising, forget cold calling, and forget even referrals. To market means to network, on pretty much every level! Marketing creates business opportunities - if you want people to think of you first, you have to be 'in the game.
- Increased Visibility. It's vital you make yourself visible to key audiences and target markets. It's been said that the strategy for survival is visibility. It's not good enough to be the best at what you do. You've got to have a profile else you'll be the hungriest expert in the world! There are professionals out there that are half as good as you, yet earn twice as much. Why? Because they're networked! So think what you could do if you worked on the same level with your networking!
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Education. This is teaching others about you and what you do, and learning about others and what they do is vital for business success. It's no good being the best kept secret in the world. You've got to get your message over. You've got to educate people on who you are, why you're good, how you're different and why they should choose you above and beyond all of their other choices. In the same way, you've got to find out the same things about everybody else. And what better way to do that than networking?
- Advice, Ideas & Support. You've got to build your business for yourself but you can't do it alone. You need people every step of the way, so you might as well get good with your relationships. Networking is something every successful business professional has done to get where they are. Networking is THE way to connect people, knowledge, ideas and resources. It's a powerful way to tap into great suppliers, advisers, providers and experts. Everything you want to do in your life, someone else has probably done it already. Almost all the answers have been answered and almost all the problems have been solved. Unless you want to make your own mistakes and re-invent the wheel, you've just got to locate those answers. Building a relationship is simply getting people to know you, then like you and then trust you. Then they'll think about helping you, connecting you and buying from you.
- New Partners and Alliances. Networking is a powerful way of uncovering new opportunities and kick-starting new relationships. Every person you've ever come across, they hit your radar in one of five ways - by phone, by correspondence (letter, brochure), by the internet (website, email), by meeting face to face or by reputation (recommendation, hearing or reading about someone. There is no other way to come across someone for the first time. And in order to get the right people on your radar and get known, networking should be your premier tool.
Rob's Quick Tips
Networking is aiming the following bullets at two target markets of those you can sell to and buy from:
- Word of mouth marketing.
- Building relationships and support networks.
- Making yourself visible to key audiences and target markets.
- A way of uncovering new opportunities and kick-starting new relationships.
- Connecting people, knowledge, ideas and resources.
- Educating others about you and what you do and learning about others and what they do.
- Sourcing new suppliers and providers.
© Rob Brown 2009. All Rights Reserved. To publish or reprint any Rob Brown article, the following must be included:
Rob Brown is one of the UK's leading authorities on business networking and referrals. He is an inspirational conference speaker and author of over 40 publications, including Amazon best-seller How To Build Your Reputation. Go to www.rob-brown.com for your free 60 page copy of ‘The 13 Commandments of Turning Relationships Into Profits', or get in touch on (44) 115 846 21227 or rob@rob-brown.com for details of his motivational presentations, business winning programmes and relationship-building resources.