Top 9 Benefits of Business Networking

Enjoy the Benefits of Business NetworkingBusiness Networking is a really valuable way to expand your knowledge, learn from the success of others, attain new clients and tell others about your business.

I highly recommend business networking as a way to gain new clients and to build a sustainable business. Here are the top 9 benefits for business owners of getting involved in networking:

1.   Generation of referrals/Increased business

This is probably the most obvious benefit and the reason most business owners decide to participate in networking activities and join networking groups.

The great news is that the referrals that you get through networking are normally high quality and most of the time are even pre-qualified for you. You can then follow up on these referrals/leads and turn them into clients. So you are getting much higher quality leads from networking than other forms of marketing.

The increase in business from networking is the major advantage, but there are many others as well.

2.   Opportunities

With a motivated group of business owners comes an abundance of opportunities! There are always lots of opportunities that come from networking and in fact this is where the benefits of business networking are huge!

Opportunities like joint ventures, client leads, partnerships, speaking and writing opportunities, business or asset sales… the list goes on, and the opportunities within networking are really endless.

Just make sure you are jumping on board with the right opportunities and don’t go jumping into every opportunity that comes your way. The opportunities that you get involved in should align with your business goals/vision, otherwise you might find that you are spinning your wheels chasing after opportunity after opportunity and getting nowhere.

3.   Connections

“It’s not WHAT you know, but WHO you know”. This is so true in business. If you want a really successful business, then you need to have a great source of relevant connections in your network that you can call on when you need them.

Networking provides you with a great source of connections, and really opens the door to talk to highly influential people that you wouldn’t otherwise be able to easily talk to or find.

It’s not just about who you are networking with directly either – that person will already have a network you can tap into as well. So ask the right questions to find out if the person you are networking with knows who you want to know!

4.   Advice

Having like-minded business owners to talk to also gives you the opportunity to get advice from them on all sorts of things related to your business or even your personal life and obtaining that important work-life balance.

Networking is a great way to tap into advice and expertise that you wouldn’t otherwise be able to get hold of. Just make sure you are getting solid advice from the right person – someone that actually knows about what you need to know and is not just giving you their opinion on something that they have no or very little experience in.

5.   Raising your profile

Being visible and getting noticed is a big benefit of networking. Make sure you regularly attend business and social events that will help to get your face known. You can then help to build your reputation as a knowledgeable, reliable and supportive person by offering useful information or tips to people who need it. You are also more likely to get more leads and referrals as you will be the one that pops into their head when they need what you offer.

6.   Positive Influence

The people that you hang around with and talk to do influence who you are and what you do, so it is important to be surrounding yourself with positive, uplifting people that help you to grow and thrive as a business owner. Networking is great for this, as business owners that are using networking are usually people that are really going for it, positive and uplifting.

7.   Increased confidence

By regularly networking, and pushing yourself to talk to people you don’t know, you will get increased confidence the more you do this. This is really important as a business owner, because your business growth is very dependant on talking to people and making connections.

Networking is great for people that aren’t confident as it really pushes them to grow and learn how to make conversations and lasting connections with people they don’t know.

I was certainly not confident when I started networking, in fact it completely petrified me! But as I do it more, the more confident I get and the easier it becomes, and the more benefit I get from it.

8.   Satisfaction from helping others

I really love helping other people, and networking is a fantastic way that allows me to do this easily. Networking is full of business owners that have problems or issues within their business that need solving, and there is great satisfaction from helping someone to solve a problem they have and get a fantastic result from it.

9.   Friendship

Lastly, this one is more personal related rather than business related, but is a big benefit none-the-less. Many friendships form as a result of networking because (mostly) you are all like-minded business owners that want to grow your businesses, and you meet and help each other regularly, so naturally strong friendships tend to form. Some of my strongest friendships have been started from networking.

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About Kim Baird

"I'm all about getting my clients results!" Are you looking to improve your results for your business online? Kim is an online results extraordinaire, and has gotten some amazing results for her clients with her wide experience and knowledge of online marketing and sales. Kim has a wide variety of strategies in her online toolbelt to help virtually any business get results online.
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10 Responses to Top 9 Benefits of Business Networking

  1. Gracy says:

    People often say that active networking is vital for your career growth. But what are the actual benefits of it? Often confused with selling, networking is actually about building long-term relationships and a good reputation over time. It involves meeting and getting to know people who you can assist, and who can potentially help you in return.

    The easiest way to expand your network with real people is to arrange real meetings with them, put the effort in and you’ll see the results that will take your career sky high!

  2. vergie1046 says:

    Hey there. Do you know how to make an internet site mobile favorable?
    I’m trying to find a motif or wordpress plugin that could possibly resolve this concern. If you have any suggestions, please share.

    • Amazing Business says:

      Hi Vergie1046,
      Yes. There are a number of WordPress plugins that create a mobile friendly site from your current website. ‘WPTouch’ is one that I recommend you check out. Thanks for your question and all the best.

  3. Monica says:

    Hi Kim

    Am a starter of a small Honey processing company based in Uganda. I would like to learn more about online marketing – How do i start?

    • Amazing Business says:

      Hi Monica,

      Great question. Online marketing is such a big area and the strategy for marketing a business online successfully is actually very different depending on the business. There is unfortunately no “one size fits all” with online marketing. So it hugely depends on your business, who your ideal clients are and what you are selling as to the best strategy that would suit your particular business.

      But here is some good points to get you started as to where to look:
      1. First get really clear and identify your target market – who your ideal client is for your business. The clearer you can get on this the better.

      2. Next, get clear on your marketing message and offer. What are you offering. Are you making a direct sale or are you offering some sort of free gift to build the relationship first (takes longer to get a sale, but leads to more sales).

      3. Then work out where the best place to get your message across to the right people is. Is that going to be focusing on SEO or paid ads or is it on a social media platform like Facebook or Linkedin. Think about where your ideal clients are online and then marketing there.

      4. Once you have worked out where to market then find out the best way to market using that strategy. ie. If SEO is the best way to get in front of your ideal clients then learn how to do SEO effectively.

      4. Finally, have a strategy for turning potential clients into paying clients and then go and action that strategy. It is no good sending heaps of people to your website if the website then doesn’t do its job at converting them into clients. So make sure you have an effective strategy for attaining clients.

      Hope this is useful for you.
      Kim.

  4. Ingrid Granger says:

    Excellent points! Once networking is experienced in a genuine group and developed over time, its results are second to none.

  5. Andrea Scafidi says:

    Small business owners are often surprised by the number of people who are searching the web for exactly what they have to offer. Yet they often don’t have the time , and sometimes the expertise to make the most of that opportunity.

  6. Andrew Healey says:

    Good post, Kim. For me, networking is the most important part of my marketing strategy, online and well as in person.

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