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  • Swapnil Dalal

10 Must Do's Before You Dive Into Business Networking



Greetings, entrepreneurs! Have you felt lost when you visited a business networking event as a visitor? Have you visited any chapter without any idea about the agenda? Before you embark on the exhilarating journey of business networking, let's delve into the essential steps you should take to ensure your networking endeavours bear fruit. As the Founder of the Business networking organization Meudyojak, I have witnessed the transformative power of strategic preparation. Join me on this insightful exploration, and let's pave the way for your networking success.


1. Define Your Purpose. It is not a Blind Date.

Before you step into the world of business networking, clarify your objectives. Are you seeking new clients, partnerships, or mentorship? I have seen many visitors entering a networking meeting without any plan or purpose. Knowing your purpose guides your networking strategy. It will maximise your output from the networking meeting. Tony Robbins advises, "Setting goals is the first step in turning the invisible into the visible."

Some entrepreneurs are very clear about what they want to achieve from the networking meeting. It can be collaborations, sales, mentoring, etc. During the meeting right from tea time, they are very clear who are the people they are going to network with.

Case Study: Meet Nimish, an entrepreneur who attended networking events with a clear purpose—to find a mentor. By articulating his goal, he connected with a seasoned industry expert who became a guiding force in his entrepreneurial journey. At Meudyojak we have industry experts from various fields who can guide you


2. Craft Your Unique Value Proposition. Stand Out Don’t Blend In

What makes your business the unicorn in the field of horses? Craft a compelling Unique Value Proposition (UVP) that succinctly communicates what makes your business extraordinary. It should be mentioned in your elevator pitch and also when you are introducing yourself to all the attendees.


3. Polish Your Elevator Pitch

Your elevator pitch is your gateway to meaningful conversations. Craft a concise yet captivating pitch that introduces you and your business seamlessly. As the saying goes, "You never get a second chance to make a first impression." A compelling elevator pitch ensures you make a memorable impact. It is good practice to ask the person inviting you to the meeting about the time you will get for your elevator pitch and practice accordingly before you arrive for the meeting.


4. Identify Your Target Audience

You should identify your target market and choose networking meet where you have people catering to the same target market but not competing with your business. This will help you generate the maximum referrals for your business.


5. Build an Online Presence

Before stepping into the physical networking arena, ensure your online presence is polished. A professional website and active social media profiles convey credibility. It is easier to convey your business and establish credibility when your online presence is strong.


6. Research Key Players

Before visiting the meeting, spend time with the person who is inviting you. Research on the key players in the meeting, what is their target audience, how you can help them. When you visit the chapter then you are prepared and you will stand out among the other visitors in the meeting. Every member in the meeting will look forward to meeting you and understanding how you can help each other.


7. Prepare Thoughtful Questions

 "Successful people ask better questions, and as a result, they get better answers."

Everybody likes people enquiring about their business. Asking the right questions shows your interest in helping others. You will also get reciprocal attention when you answer similar questions regarding your business.

When you meet anyone in the meeting ask about their products and services, USP, and how you can help them. It becomes easier to create a long lasting rapport.


8. Master the Art of Active Listening

"To be interesting, be interested."

Effective networking is a two-way street. Master the art of active listening to understand others' needs and challenges. Always listen to others before telling about yourself. When you spend time understanding other people's business and show interest in them and their business then another person will also reciprocate to understand your business.


9. Dress for Success

You never get a second chance to make a first impression

Your attire communicates volumes about your professionalism and attention to detail. Dressing appropriately for networking events demonstrates respect for the occasion and your peers.


10. Follow Up with Intention

As I always say Gold is in the Follow up. The follow-up is where many entrepreneurs falter. After a networking event, follow up with your new connections promptly. Craft personalized messages referencing your conversation. This thoughtful gesture sets the stage for continued engagement.

In conclusion, for entrepreneurs, preparation is the key to unlocking success in the realm of business networking. Armed with clear objectives, a compelling narrative, and a genuine approach, you're poised to make meaningful connections that propel your business to new heights. As you step into the vibrant world of networking, remember "The currency of real networking is not greed but generosity." Embrace the spirit of generosity, and watch your network flourish. Happy networking

 

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