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Chapter 26
 Networking
Networking
• Networking is necessary in business

• It is a way of building contacts and it is through contacts that
  one gets business and makes things happen

• Networking to an extent is mercenary because you are meeting
  people not because you are a friendly soul but because you
  expect to gain from a meeting

• The more people that you know the better are the chances
Networking means…
• … attending the right events

• …walking up to people and talking to them

• …means keeping in touch

• …helping people

• …giving leads and follow up on leads

• …building relationships

• …giving suggestions and seeking help
If you are a good net worker
       you will get a reputation of being
            a good person to know
          – some one who is helpful.

The goodwill that it can generate is incalculable
How to begin
There are many opportunities

•   Client parties

•   Your own company party

•   Social activity (Rotary / Lions)

•   Fund raisers

•   Social Clubs as the Cricket club of India / Tollygunge Club/ Madras Gymkhana /
    Delhi Gymkhana

•   Trade organisations

•   Business clubs and associations (Indian Merchants Chamber and Bombay Chamber)
• You need not partake in all these but should be involved closely
  with those that you enjoy

• It is important to be in touch

• An occasional phone call can keep the relationship going

• If your company has a new info sheet, send it to your contacts,
  they will know of your capabilities

• Make a note of birthdays and anniversaries and send greetings
  or flowers
Working a room
• Working a room goes with networking. If you
  enter a room with strangers, your first task is to
  find some one to talk to and some thing to talk
  about.
• You need to approach a person or a group of
  people, introduce yourself and begin talking
• The manner in which you do this is important
• You should check the nature of the event that you are going
  for.

• Find out what you should know

• Be prepared to talk knowledgeably about current events
  and matters that are talked about

• Have an opinion on matters of general interest and be able
  to express it logically

• Make it a point to read newspapers, business or trade
  magazines and general magazines
• Establish a game plan or a goal for the meeting on whom
  you should meet and the number of people you should
  meet

• Practice your self-introduction. Ensure that it is not too
  long as that might bore people

• Ensure you take your business cards along

• Do not hand out business cards like fliers. Give them only
  to those who you have a reason to make a contact with
• The person of a higher rank is the person who
  requests the business card

• You should be dressed appropriately

• You should be well-groomed

• If in a large gathering/conference you have a
  name tag, it should be on your left lapel or on a
  pocket
• While working a room keep your hands free as you need to
  shake hands and accept papers

• Avoid carrying a briefcase if you can.

• Do not carry a glass and plate in your hands at the same time.
  You will find it hard to greet people

• Do not drink too much

• Do not spend too much time with one group or person unless it
  could end in lucrative business
• Avoid complaining about people
• While working through a room when you speak of
  business, you must not make too much of a pitch or
  push it too hard as that can upset people
• Say enough to excite them and then say no more. Let
  them ask questions
• To successfully network you should prepare. If you are
  prepared, you will be confident to network well
Conversation
• Conversation is very important in networking

• What you say and how you say it matters

• It is important to listen twice as much as you talk

• People love to talk and it will give them a chance to appreciate you.

• It will give you an opportunity to place them.

• When you leave and wish to keep the interest open say “I have enjoyed
  meeting you. I have some thoughts, why don’t we meet ……. (at your offices/ for
  lunch etc.)?”
Preparation requires you to
• Regularly read materials and be aware of happenings in order to
  make conversation

• Plan what you intend to do at meeting and determine your goals

• Dress appropriately

• Ensure that you have enough business cards

• Practice your self-introduction
When you arrive at the event…
• You should walk in with poise and confidence.

• Search / scan the room for persons you’d like to meet
  and get to know

• Find people standing alone, so to them,. They will be
  happy to talk to you.

• When you walk up to a person, smile and introduce
  yourself
• Use conversation starters

• Ask questions

• Ask for business cards

• Listen and pay attention when others speak

• Always make eye contact

• Do not spend too much time with one group
• After the event go through the visiting cards that you have been given

• Write a comment to remember the person better

• If you want to meet any of them again, send them a letter or an email
  stating how good it was to have met them and state that it will be nice
  meeting them again
• Business cards are not given at the start of a
  conversation

• Ask for someone’s business card only if you intend to
  meet him again

• When you network, take focus off yourself. Place it on
  another person and you will be more successful

• If you spend time building contacts as opposed to
  promoting yourself, you will be more successful

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Networking

  • 2. Networking • Networking is necessary in business • It is a way of building contacts and it is through contacts that one gets business and makes things happen • Networking to an extent is mercenary because you are meeting people not because you are a friendly soul but because you expect to gain from a meeting • The more people that you know the better are the chances
  • 3. Networking means… • … attending the right events • …walking up to people and talking to them • …means keeping in touch • …helping people • …giving leads and follow up on leads • …building relationships • …giving suggestions and seeking help
  • 4. If you are a good net worker you will get a reputation of being a good person to know – some one who is helpful. The goodwill that it can generate is incalculable
  • 5. How to begin There are many opportunities • Client parties • Your own company party • Social activity (Rotary / Lions) • Fund raisers • Social Clubs as the Cricket club of India / Tollygunge Club/ Madras Gymkhana / Delhi Gymkhana • Trade organisations • Business clubs and associations (Indian Merchants Chamber and Bombay Chamber)
  • 6. • You need not partake in all these but should be involved closely with those that you enjoy • It is important to be in touch • An occasional phone call can keep the relationship going • If your company has a new info sheet, send it to your contacts, they will know of your capabilities • Make a note of birthdays and anniversaries and send greetings or flowers
  • 7. Working a room • Working a room goes with networking. If you enter a room with strangers, your first task is to find some one to talk to and some thing to talk about. • You need to approach a person or a group of people, introduce yourself and begin talking • The manner in which you do this is important
  • 8. • You should check the nature of the event that you are going for. • Find out what you should know • Be prepared to talk knowledgeably about current events and matters that are talked about • Have an opinion on matters of general interest and be able to express it logically • Make it a point to read newspapers, business or trade magazines and general magazines
  • 9. • Establish a game plan or a goal for the meeting on whom you should meet and the number of people you should meet • Practice your self-introduction. Ensure that it is not too long as that might bore people • Ensure you take your business cards along • Do not hand out business cards like fliers. Give them only to those who you have a reason to make a contact with
  • 10. • The person of a higher rank is the person who requests the business card • You should be dressed appropriately • You should be well-groomed • If in a large gathering/conference you have a name tag, it should be on your left lapel or on a pocket
  • 11. • While working a room keep your hands free as you need to shake hands and accept papers • Avoid carrying a briefcase if you can. • Do not carry a glass and plate in your hands at the same time. You will find it hard to greet people • Do not drink too much • Do not spend too much time with one group or person unless it could end in lucrative business
  • 12. • Avoid complaining about people • While working through a room when you speak of business, you must not make too much of a pitch or push it too hard as that can upset people • Say enough to excite them and then say no more. Let them ask questions • To successfully network you should prepare. If you are prepared, you will be confident to network well
  • 13. Conversation • Conversation is very important in networking • What you say and how you say it matters • It is important to listen twice as much as you talk • People love to talk and it will give them a chance to appreciate you. • It will give you an opportunity to place them. • When you leave and wish to keep the interest open say “I have enjoyed meeting you. I have some thoughts, why don’t we meet ……. (at your offices/ for lunch etc.)?”
  • 14. Preparation requires you to • Regularly read materials and be aware of happenings in order to make conversation • Plan what you intend to do at meeting and determine your goals • Dress appropriately • Ensure that you have enough business cards • Practice your self-introduction
  • 15. When you arrive at the event… • You should walk in with poise and confidence. • Search / scan the room for persons you’d like to meet and get to know • Find people standing alone, so to them,. They will be happy to talk to you. • When you walk up to a person, smile and introduce yourself
  • 16. • Use conversation starters • Ask questions • Ask for business cards • Listen and pay attention when others speak • Always make eye contact • Do not spend too much time with one group
  • 17. • After the event go through the visiting cards that you have been given • Write a comment to remember the person better • If you want to meet any of them again, send them a letter or an email stating how good it was to have met them and state that it will be nice meeting them again
  • 18. • Business cards are not given at the start of a conversation • Ask for someone’s business card only if you intend to meet him again • When you network, take focus off yourself. Place it on another person and you will be more successful • If you spend time building contacts as opposed to promoting yourself, you will be more successful