Networking – the TRUE Definition
A recent Google search for “what is networking” provided almost six billion results! We should note that those results include computer networking. However, there are still numerous definitions for non-computer networking; the people-to-people type that so many of us want to do and for which most of us have had no formal training.
As the Founder and Chief Visionary Officer of BNI® I have seen the definition of business networking evolve over the past 37 years. And yet, the essence of what networking truly is has never changed. I share my definition in this video.
This is my definition of networking:
Networking is the process of developing and activating your relationships to increase your business, enhance your knowledge, and expand your sphere of influence or serve the community.
The Key Word
The key word here is relationships. Successful networking of any kind always begins with a genuine desire to build relationships for the purpose of giving and receiving business. When someone is networking only to gain and not to give, they will never be successful.
Remember – networking is more about FARMING than it is about HUNTING. It’s about cultivating relationships and taking the time and energy to help them grow and flourish. Think of it like this: a good farmer knows when to tend to his crop and when to harvest it. If you over pick, you’ll be left with nothing. But if you continue to care for and maintain your crop, it will grow abundantly and provide bountiful results.
Business professionals who are the farming type of networker go to networking events because of the opportunities to meet new people, not to use it as face-to-face cold calling. They know the importance of meeting someone and then building a relationship with them. They go well beyond the ‘hunting’ style of meeting people simply to be able to add another name to their contact list.
At networking events, set your goal to make solid connections with people so that when you follow up with them, they remember who you are when you invite them out to coffee or lunch. Practice being interested, rather than interesting. Ask about them – their business and their current projects, instead of talking about yourself. This is how you begin building mutually beneficial relationships.
Then you can schedule additional times to connect and build credibility with them. Continue to find ways to help them, perhaps introducing them to a potential referral source or inviting them to visit your business networking group. As I said earlier, there must be a genuine desire to give, not just gain, when you are building deep relationships.
Whether personal and professional, all relationships evolve through three phases: Visibility, Credibility, and Profitability. The VCP Process® is useful for determining where you are in your relationship with others. Master networkers know that networking events are about moving through the process and NOT about making a sale or closing a deal. Skipping through the phases and asking for business without establishing a relationship will almost always result in a NO answer.
My definition of networking is congruent with my style of networking. I know it sounds simple; however, as with most things in life, it may be simple and yet not easy. Effective business networking takes time AND money. The best way to network is to connect with people. Get to know them. Build a relationship and learn about their business so you can help them get more business. Successful networking is about taking the time to cultivate relationships, always with an attitude of giving.
I’d love to hear your thoughts. Share them in the comment section below.
6 thoughts on “Networking – the TRUE Definition”
Thanks to the past year of networking – first, joining a group (BNI, in this case), others soon after – I’m beginning to harvest some business. A dear friend whose advice has never steered me wrong recommended BNI and those other groups, and I’ve learned far more than I ever expected from everyone. I’m still on the steep side of the learning curve, but progress is UP!
Still nee in BNI. Struggling to find time for relationship building s I struggle to trouble shoot sales challenges in my business.
Very very important information for growing up business with relationships
“Building relationships” is what I do! The Gallup Clifton Strengths assessment revealed this to me (no surprise) and joining BNI in March was/is all about learning from and helping others. Hanging around other adults (I teach piano to a lot of children) who do different activities than I do. “Givers Gain” comes naturally to me and I look forward to finding referrals to share!
Its such a pleasure to meet bni members and get to know them. A positve experience with long lasting results. A definite morale and business boost.
To me, networking is ANY part of the process that develops and activates relationship building. It’s easy for people to think that networking is completely confined to direct interaction with people. Marking folks’ anniversaries or birthdays on a calendar for soft touches is networking. Sending a card saying “nice to meet you” when someone visits BNI is networking. Networking is also preparing for the in-person interactions so you’re ready for mingling or discussion, etc.