Download the app

Scan. It's in your pocket.

QR Code — Dygest

Open the Camera app and point it at the code. Free to try.

Cover of 'The 29 percent solution'

The 29 percent solution

Ivan Misner, Michele Donovan

Weekly networking wins

Listen to the podcast excerpt:
0:00 --:--

Description

Networking is crucial for business growth, offering benefits like enhanced word-of-mouth marketing and market expansion. Despite only 29 percent of businesses networking effectively, those who do can better serve existing clients and attract new ones. To leverage networking, dedicate time weekly to learn and apply new strategies.

Over a year, this commitment can significantly improve your networking skills, leading to new revenue opportunities. Remember, networking is an active process that requires strategic engagement, not just social interaction. By following a 52-week plan, you can master the art of business networking and strategically expand your business.

Table of contents

01

Shape your destiny

To effectively tailor your networking strategies, it's essential to align them with your authentic self rather than an idealized version.

Start by setting clear, unambiguous goals for the year, such as the amount of new business you aim to generate, the number of monthly referrals, and the networking events you plan to attend. Consider what changes you need to implement to achieve these goals.

Commit to a weekly networking schedule, dedicating at least eight hours, or up to twenty if you're in sales, to actively pursue referrals.

Identify your preferred clients by creating a detailed profile, including their location, industry, and distinguishing characteristics. With this clarity, assemble a personalized marketing team that regularly interacts with your target demographic, trusts you, and holds influence. Your team should be diverse, including evangelists for your product, respected business owners, skilled individuals, and influencers.

Download Dygest

for the full experience!

02

Broaden your circle

As you refine your networking strategy, focus on diversifying your contacts. Step outside your comfort zone and engage with individuals from different circles. This not only strengthens your network but also opens up new opportunities.

Ask yourself who the experts in your field are, who sells complementary products to your customers, who excels at problem-solving, and who can help you achieve your goals. Target these individuals at networking events and work on building strong referral relationships.

Reconnect with former colleagues, old friends, and even past supervisors. You might be surprised by the new avenues they can introduce for your business. Don't overlook your family as a resource; they might know someone who can assist in your business growth. Share your career updates with them and inquire about theirs, fostering a mutual support system.

Download Dygest

for the full experience!

03

Exceed ex­pec­ta­tions

To stand out in your networking group, focus on building meaningful relationships by being a catalyst for positive change. Start by engaging deeply with at least one member, asking about their goals, challenges, and how you can assist. This approach helps you become a reliable ally rather than just another contact.

Actively seek to initiate a chain reaction of goodwill by identifying and addressing a key need that can lead to a series of beneficial outcomes for many within your network.

Additionally, finding a suitable accountability partner is crucial for maintaining focus and achieving your objectives. This person should be a respected business colleague who is willing to push you towards excellence and whom you wouldn't want to disappoint. They should be familiar enough with you to recognize procrastination and have the time to support your endeavors.

Download Dygest

for the full experience!

04

Maximize time value

Time is a precious commodity that cannot be refunded once spent. To ensure a high return on the time you invest in networking, be prepared to engage with new people at any moment. This week, take the opportunity to evaluate your interactions and strategize on connecting with new individuals. Adding just one person to your network each month could exponentially increase your contacts, considering each person may know hundreds of others.

Engage in sports or group activities that interest you, such as golf, bowling, or softball. Use these gatherings as networking events, bringing together different people and enhancing your visibility, credibility, and potential for business.

Download Dygest

for the full experience!

05

Manage your messages

To harness the power of word-of-mouth for your business, it is crucial to communicate a clear and compelling message. Dedicate time this week to craft questions you would like to be asked at networking events. By asking these questions to others first, you create a reciprocal dynamic, opening the door to share your message effectively.

Focus on the benefits your customers enjoy rather than listing product features, as benefits resonate more with potential clients. Aim to encapsulate how you help customers within a one-minute pitch, avoiding technical jargon, to ensure your message is easily relayed by others.

Download Dygest

for the full experience!

06

Master your field

Becoming an expert in your field is a powerful way to grow your networking circle. Expertise commands respect and fosters engagement. To leverage this, take on the challenge of identifying a topic you're well-versed in and can present on. Once you've pinpointed your unique angle, craft a compelling letter that outlines your presentation and make ten copies. Distribute these to your network, specifically targeting those who can connect you with speaking opportunities. This proactive approach facilitates referrals and showcases your knowledge.

In parallel, consider launching an informative newsletter to disseminate your insights more broadly. Seek advice from someone experienced in newsletter production to understand the commitment required. A consistent publishing schedule will ensure your message reaches your audience effectively.

Download Dygest

for the full experience!

07

Document success tales

Be aware of the value your customers or clients are getting from your products and solutions, and don't hesitate to highlight your successes. This week, your task is to encourage some of your satisfied clients to document their positive experiences on their company letterhead, using their own words. Aim to get three clients to share their stories. These testimonials will serve as powerful tools for building credibility.

Take some time to write down narratives where your business plays the role of a hero, achieving remarkable results for customers. While you should keep the stories engaging, make sure they are also factual.

Download Dygest

for the full experience!

08

Embrace uncommon tactics

Networking should be your go-to strategy for generating new business, not a last resort. This week, focus on gathering feedback from your clients about your business's strengths and weaknesses. Use simple tools, like online surveys, to make this a regular part of your sales system.

Change your mindset at networking events by acting like a host rather than a guest. Arrive early, familiarize yourself with the venue, and make it your goal to introduce people to each other.

Consider the businesses you frequently patronize and think about how they can support your business, perhaps by contributing to your newsletter or sponsoring an event.

Download Dygest

for the full experience!