{"id":5462,"date":"2010-07-02T07:03:35","date_gmt":"2010-07-02T12:03:35","guid":{"rendered":"http:\/\/37d57f8fa2.nxcli.io\/blog\/?p=5462"},"modified":"2010-07-01T07:37:39","modified_gmt":"2010-07-01T12:37:39","slug":"small-business-networking","status":"publish","type":"post","link":"https:\/\/www.marketingforsuccess.com\/blog\/small-business-marketing\/networking\/small-business-networking\/","title":{"rendered":"Is Your Networking Notworking?"},"content":{"rendered":"<p style=\"text-align: left;\">A few years ago, having just set out as an E-Newsletter consultant, I got together for dinner with my old friend Jack. At the time, Jack had been an independent consultant for about ten years, and I knew he&#8217;d have a good perspective on what worked and what didn&#8217;t in launching a business.<\/p>\n<p style=\"text-align: left;\">I learned a lot over dinner, and by the time we ordered coffee I was feeling pretty energized about my business vision and my prospects for success. That is, until Jack started talking about &#8220;networking.&#8221;<!--more--><\/p>\n<p style=\"text-align: left;\">&#8220;You have to attend a minimum of two <a href=\"https:\/\/www.marketingforsuccess.com\/networking-guide\/\" target=\"_blank\">small business networking<\/a> meetings a week if you want any hope of building a business,&#8221; he advised me. &#8220;You go to the meetings, you look for the prospects, <a href=\"https:\/\/www.marketingforsuccess.com\/blog\/wp-content\/uploads\/2010\/07\/small-business-networking.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-full wp-image-5509\" title=\"small business networking\" src=\"https:\/\/www.marketingforsuccess.com\/blog\/wp-content\/uploads\/2010\/07\/small-business-networking.jpg\" alt=\"small business networking\" width=\"150\" height=\"102\" \/><\/a>you work the room and you `press the flesh.&#8217; That&#8217;s the way it&#8217;s done.&#8221;<\/p>\n<p style=\"text-align: left;\"><strong>I took this as very bad news.<\/strong> First of all, it scared the hell out of me. On my own personal scale of, &#8220;terrifying experiences to avoid,&#8221; I rank &#8220;working a room&#8221; somewhere between having more children and being trapped in an elevator with Donald Trump.<\/p>\n<p style=\"text-align: left;\">Secondly, I&#8217;m just not that good at connecting cold with people I don&#8217;t know. I barely know how to press my own flesh, let alone that of a complete stranger.<\/p>\n<p style=\"text-align: left;\">So when I confessed to Jack that my marketing approach was instead to, &#8220;attract clients to me by sitting in my office and cranking out useful, interesting, targeted E-Newsletters in my area of expertise,&#8221; he looked at me as if I had just revealed plans to perform my own dental work.<\/p>\n<p style=\"text-align: left;\"><strong>Now several years later, I&#8217;ve learned a few things.<\/strong><\/p>\n<p style=\"text-align: left;\"><strong>First, Jack&#8217;s recommendation is not unique.<\/strong> In fact, it&#8217;s part of the standard lore of professional service marketing: If you want clients you need to be out there networking at meetings.<\/p>\n<p style=\"text-align: left;\"><strong>Second, Jack&#8217;s recommendation is just plain wrong.<\/strong> Wandering around local business events in the hope of meeting future clients is about the least efficient use of your marketing time and money that I can imagine. It&#8217;s the sole practitioner equivalent of sending out hundreds of resumes in the hope of finding a job. It may feel like something&#8217;s happening, but the hit rate is exceedingly low.<\/p>\n<p style=\"text-align: left;\"><strong>Instead, I recommend (big surprise) an E-Newsletter.<\/strong> Here are three reasons why:<\/p>\n<p style=\"text-align: left;\"><strong>1. An E-Newsletter is more targeted.<\/strong> Even if there were a potential client at the meeting, the odds of the two of you hooking up are small. You first have to wade through lots and lots of people who aren&#8217;t a potential match, many of whom often turn out to be other small businesspeople trying to get <em>you<\/em> to buy <em>their<\/em> services (a situation which my friend Betsy likes to describe as, &#8220;all ants and no picnic&#8221;).<\/p>\n<p style=\"text-align: left;\">Your E-Newsletter by contrast, includes only those who have a self selected interest in your topic, and the likelihood of one of these people hiring you is much higher than with a randomly chosen member of the business community.<\/p>\n<p style=\"text-align: left;\"><strong>2. An E-Newsletter is more efficient.<\/strong> The problem with face-to-face networking is that it requires the presence of your face; you can only physically get in front of so many people. An E-Newsletter on the other hand can be shared and forwarded by an unlimited number of people, and as a result (pay attention, this is important)<strong><em>it does its job without your even being there.<\/em><\/strong> Most of my new clients are people I&#8217;ve never even heard of, who contact me after getting a hold of my newsletter and reading it over a period of time.<\/p>\n<p style=\"text-align: left;\"><strong>3. An E-Newsletter is more<\/strong>. A quality E-Newsletter is much more than just a proxy for the exchange of business cards at a meeting. It positions you as a thought leader; it serves as content you can submit and have published elsewhere; it&#8217;s acts as a tool that others can use to accurately describe what you do. It&#8217;s archivable; it&#8217;s searchable; it&#8217;s scaleable; it&#8217;s trackable and it&#8217;s interactive. You get the idea.<\/p>\n<p style=\"text-align: left;\"><strong>Bottom Line:<\/strong> I&#8217;m 100% behind the idea of building a network and systematically staying in touch with as many people in that network as possible. I&#8217;m also in favor of attending business meetings \u2014 as a means of staying educated, keeping in touch or simply putting on some nice clothes once in a while and getting out of the office.<\/p>\n<p style=\"text-align: left;\"><strong>But in terms of building a client base, I think it&#8217;s time we put this piece of conventional wisdom out of its misery.<\/strong> Until then, I&#8217;ll be hiding in my office \u2014 avoiding The Donald and awaiting your call.<\/p>\n<p style=\"text-align: left;\">&#8211; <em>Michael<\/em><\/p>\n<table style=\"text-align: left;\" border=\"0\" cellspacing=\"8\" cellpadding=\"8\" width=\"450\">\n<tbody>\n<tr>\n<td width=\"450\" height=\"0\" valign=\"top\" bgcolor=\"#ececec\"><strong><a href=\"https:\/\/www.marketingforsuccess.com\/blog\/michael-katz\/\">About Michael Katz<\/a><\/strong> <a href=\"http:\/\/www.mfsstore.com\"><strong><br \/>\n<\/strong><\/a><a href=\"http:\/\/www.bluepenguindevelopment.com\/\" target=\"_blank\">www.BluePenguinDevelopment.com<\/a><br \/>\n<strong> Related Resources<\/strong><strong><a href=\"https:\/\/www.marketingforsuccess.com\/blog\/author\/mkatz\/\"><br \/>\nMore Posts by Michael Katz<\/a><\/strong><\/p>\n<p>To discover the easy and inexpensive ways <span style=\"text-decoration: underline;\">anyone can attract more clients and maximize their profits<\/span>, sign up for your<strong> <\/strong><strong><a href=\"https:\/\/www.marketingforsuccess.com\/free8-s.html\">FREE <\/a><\/strong><strong><a href=\"https:\/\/www.marketingforsuccess.com\/free8-s.html\">Profit Now <\/a><\/strong><strong><a href=\"https:\/\/www.marketingforsuccess.com\/free8-s.html\">Report<\/a>. <\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"zemanta-pixie\" style=\"margin-top: 10px; height: 15px; text-align: left;\"><a class=\"zemanta-pixie-a\" title=\"Enhanced by Zemanta\" href=\"http:\/\/www.zemanta.com\/\"><img decoding=\"async\" class=\"zemanta-pixie-img\" style=\"border: medium none; float: right;\" src=\"http:\/\/img.zemanta.com\/zemified_e.png?x-id=6acfb10b-14b7-4904-92da-d2e5953f44c7\" alt=\"Enhanced by Zemanta\" \/><\/a><span class=\"zem-script more-related more-info pretty-attribution paragraph-reblog\"><script src=\"http:\/\/static.zemanta.com\/readside\/loader.js\" type=\"text\/javascript\"><\/script><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A few years ago, having just set out as an E-Newsletter consultant, I got together for dinner with my old friend Jack. At the time, Jack had been an independent consultant for about ten years, and I knew he&#8217;d have a good perspective on what worked and what didn&#8217;t in launching a business. I learned [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[79],"tags":[392],"_links":{"self":[{"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/posts\/5462"}],"collection":[{"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/comments?post=5462"}],"version-history":[{"count":0,"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/posts\/5462\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/media?parent=5462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/categories?post=5462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketingforsuccess.com\/blog\/wp-json\/wp\/v2\/tags?post=5462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}