Getting the Most Out of a Networking Event

August 27, 2008 in Uncategorized

I am a big fan of the Chamber of Commerce. Part of the reason is the opportunity to meet other business people in a relaxed social setting at the regular get-togethers such as Business After Hours, Lunch-and-Learn, or Breakfast Seminars.

Sometimes these meetings have a structure, with a focused presentation, other times they are more free-form with food and beverages. All the time they are a great way to meet others in your community that you can work with, or can send more business your way.

I always attend a networking event with two goals in mind:

  • Meet at least one new person and introduce them to someone I already know that would have an interest in developing a business relationship with this new person.
  • Re-connect with someone that I may not have seen/spoken to in a while and get caught up on what they are working on.

By following these steps I have often been able to help others create business relationships and establish myself as a Connector. This often brings people (and business opportunities!) to me that I may never have had the chance to meet otherwise. The most popular type of networking event is the Business After Hours which has some excellent opportunities as well as its own special pitfalls to watch out for.

One thing to remember – have a good supply of business cards with you. So many people do not ring cards with them, and they miss out on opportunities. I also recommend having a short stack of 3″x5″ cards in your pocket for writing quick notes about the people that you meet.

The Challenges of the After-Hours Event

Your typical Business After Hours is an unstructured event with some finger food and a beer/wine bar. We can look at an event like this as having two main challenges and three primary opportunities.

The Challenges

  1. First, the bar. Avoid the bar as best you can. Getting tipsy at one of these events may be expected by the majority of the participants, but no one has to know that you have been carrying the same glass of wine for two hours. Consuming alcohol reduces your ability to stay focused on the reason you are at the event: meeting people that can bring you business. Limit your alcohol consumption or avoid it altogether to get the most out of your attendance.
  2. Your close friends and co-workers. Since you already have a relationship with some of the attendees it can be easy to spend most of your time talking shop with your co-workers or friends, rather than catching up with folks that you do not get to see very often or meeting the new people. I suggest that you work toward a goal of meeting 2-3 people that you do not know at each networking event. Ask them about themselves and their business, with an eye toward introducing them to someone that you already know.

As you can see, the challenges are insidious in that they are so easy to fall into. Stay focused on your own goals and you will be able to get the most out of your attendance and reap the benefits of the opportunities that the event can deliver.

Networking Brings Opportunities for Your Business

The primary opportunities of a Business After Hours event can build your authority, credibility and your bottom line. Have your elevator pitch ready to deploy!

Most people that attend these events are looking to sell something, that something being their product or service. You need to attend the Business After Hours with the goal of selling yourself – not your business, not your new product. Use the networking event to sell “Brand You” and set times for follow-up with the people that you meet. These follow-up meetings or calls are the time for selling your business.

The Opportunities

  1. Build Authority by meeting new people and introducing them to others in your existing network. If you meet someone who has a new company that makes widgets and you know someone that makes widget-packaging machines, get them together. This will demonstrate your knowledge of the market and showcase a benefit of developing a relationship with you.
  2. Offer Value by listening to the people that you meet. Encourage them to talk about their business and interests. You need to work toward engaging them about them, and by explaining how you help others. Not by promoting your own business. That will come as your relationship grows.
  3. Get more business! By engaging the people that you meet and learning more about them you develop your credibility in the community. Bringing other people together into new relationships establishes your ability as a Connector and creates a positive balance in your Emotional Bank Account. Be prepared to help someone else get more business and they will come to you for help later. That is how relationships work!

Do you have a business networking anecdote to share? Have you followed these steps in the past and seen the benefits? Share with us in the comments!