5 Networking Tips to Help Your Business Grow

Whenever business growth is being discussed, the term networking is almost guaranteed to come up in conversations. You may have heard of this term and wondered how exactly it can help you grow your business. Networking tips bight hold the answer…

Networking refers to connecting with other professionals and businesses with the intention of building a professional relationship. It’s important to be intentional about how you approach your networking and not do as you would in social settings.

In this article, we will give you the necessary tips you need to use networking to grow your business.

1. Value First

Have you ever received a LinkedIn message or e-mail where someone asks for something right off the bat? That’s a prime example of how not to network. This approach can come across as overly sales-oriented and pushy, potentially putting the other person off, leading them to be avoidant towards you.

Instead of leading with a sales pitch, focus on showcasing your value. Start with a casual conversation and look for opportunities to demonstrate your expertise or mention something that could benefit their business. By being genuinely helpful and relatable, you’ll establish a positive impression. Remember, the benefit of networking is not solely about getting something; it’s about building relationships.

2. Identify a Shared Goal or Commonality

You need to ask yourself how your network can serve you and your business. Ensure they align with your overall goals, but don’t completely shut out people who aren’t in your industry. Be intentional about who you connect with and seek out individuals who can offer unique opportunities, keeping the future in mind.

For instance, if you run a physical store and don’t have immediate plans to digitise, meeting someone in inventory tech could initially seem like they could be of no value. However, as a small business, it’s important to always keep the future in mind.

Let’s say you run that physical store and care about reducing waste. Connecting with someone in inventory tech who’s also passionate about sustainability could lead to a solution that cuts costs, digitises your business, and supports your shared environmental values, even if it only happens in a couple of years.

3. Put Yourself Out There

Networking requires that you be in spaces where you can meet industry professionals, which won’t happen if you’re always focused on the daily grind of your business. Make time to attend industry events, conferences, and workshops, or find spaces that encourage entrepreneur engagement.

For example, if you’re in the culinary industry, attending a local food festival or a culinary workshop could be a great way to connect with potential partners, clients, or mentors. Additionally, explore online communities, Facebook groups, WhatsApp groups and forums where professionals in your field gather.

4. Remote Networking Events

There are different types of networking, one of them being online groups and events. The increasing digitisation of our world offers convenient networking opportunities without the need for physical travel. These remote events don’t merely eliminate travel time and expense, but allow you to connect with people from all corners of the globe, expanding your potential network.

When attending a remote event like a webinar or masterclass, avoid being passive. Actively participate in Q&A sessions by asking insightful questions. This not only showcases your knowledge and value but also sparks interest in other attendees and the host, making them more likely to want to connect with you.

These digital interactions can be just as valuable as in-person meetings, opening doors to collaborations that can fuel your business growth. However, it’s important to practice caution when you’re considering a business collaboration.

5. Start With Small, Simple Collaborations

Don’t make the mistake of expecting to make a fortune off your network right away. Building strong and mutually beneficial relationships takes time and effort. Start with small, simple collaborations that can help you build trust and rapport with your connections.

This can include actions as simple as sharing each other’s posts, co-hosting a webinar or workshop, going live together on social media, or consistently engaging with each other’s content online.

These small steps not only strengthen your bond but also create opportunities for future partnerships and more significant collaborations. Networking is about building lasting relationships, not just quick transactions.