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Archive for the ‘small business networking’ Category

Remember, you do have an audience

Monday, May 5th, 2008

Think of your business before you post

When you post content to the internet in the comfort of your office you may feel as though you are miles away from the delicate “egg toss” that is small business networking. Many of us associate critical business moves with activities such as addressing the concerns of a long-time client or solidifying a strategic alliance with a new business associates. We often go to considerable lengths to maintain tact and decorum when communicating with our referral partners because small pieces of information can say a lot about who we are and the quality of our business. In an age of overwhelming information opinions are formed and reputations are created based on the most minute information.

Amongst many factors reputation often emerges as the most important when developing alliances between small businesses. It is becoming increasingly important to recognize the link between the reputation of your small business and the content you post online. As “googling” prospective partners, clients and businesses becomes second nature to us, we may want to consider our audience even when we post personal content. Many social and business networking sites make it all too easy for potential clients and associates to link those “pictures at your brothers wedding” or “that funny story from the boat” with your business. As wholesome as we may perceive our personal lifestyle to be it is unlikely others will agree with every joke and story on our homepage. Unless you’re a photographer or a fiction writer, keep your online profiles clean, concise, and up to par with your business values. As any great catcher, football coach or poker player will tell you, what you don’t show is just as valuable as what you do.

Diversify Your Network

Wednesday, March 12th, 2008

Darwin’s Theory of Business Networking

Many of us are quick to stick within our flock. Looking to exchange referrals with fellow associates within a single industry may be easy but it’s a big mistake many professionals make. It may seem like an attractive strategy but remaining “industry-centric” will ultimately hamper your ability to create referral opportunities.

There is a certain comfort that we share when networking with associates within the same industry. After all, you may serve similar clients, have similar credentials, and can probably relate in a myriad of ways. Unfortunately, this is only half the equation and you can’t expect maximum results. For example, you may know some real estate agents who join networks exclusive to the real estate industry. The first problem is apparent. What is the incentive for other agents to pass up new business? The second problem is that the lack of diversity within your network can make you susceptible to market shifts. The current market epitomizes this dilemma; the real estate industry is in turmoil therefore, the best place to look for a referral is going to be from associates outside your industry.

Try adding complementary associates to your referral network. For example, it may be a good idea for a financial planner to add accountants to his or her network. If the accountant is good at what he does then he is likely to be working with quality clients as well; client’s who are concerned with their finances, take control of their financial future and are willing to pay for quality services. This makes all of the accountant’s clients a possible fit for the financial planner. There are many combinations that work for different reasons. Check your network and see who your trusted associates are exchanging referrals with.

Remember,every professional industry goes through highs and lows, busy seasons and quiet seasons, and slumps and surges. The key is to give and receive referrals when it is appropriate. Furthermore, having a diverse professional network ensures that you are reaching potential client’s whom your direct competitors have not. This idea of diversity is not exclusive to small business networking. Even in nature, the most diverse eco-systems support the most life. The same rules apply in business.