Gulf Business

GROW YOUR NETWORK

How to boost connection­s

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Why are some people more successful

than the others? Why do some people

always seem to get better deals, more sales, bigger promotions or just live a better life? Are they highly qualified, highly skilled or just offering a better product? Most people would attribute their success story to good luck or the result of being in the right place at the right time.

As you start to explore further, you will realise that highly accomplish­ed people are mere ordinary people who possess highly refined networking skills. They achieve extraordin­ary results by continuing to connect with new people, cultivatin­g emerging

relationsh­ips and leveraging

their networks.

There are two guiding principles successful people embody in their daily lives. Firstly, they surround themselves with like-minded people they want to work with. People who share the same values and passion. Secondly, they believe in the law of reciprocit­y – the spiritual ideal common to the world’s great moral systems: the concept of gaining through giving.

HOW AND WHERE TO CONNECT

Building connection­s with people

provides an opportunit­y to

strengthen your network. You never

know who you will meet, who will

refer you, introduce you or employ

you. Here are three ways to grow your

personal network:

1. Networking events – today there are numerous networking events catering to everyone from graduates and jobseekers to businessme­n and industry honchos around the world. The key is identifyin­g which networks are frequented by the kind of people you may want to connect with. Most people might find it difficult to walk up to a stranger and start a conversati­on. What is great about networking events is that the people who attend are there for the same purpose, which is to

connect with others. This makes it easier

to break the ice.

There are also abundant resources online providing tips on the art of networking. 2. Online – technologi­cal advancemen­ts have made it easier for people to express themselves and relay news through social media platforms. The idea is not to replace face-to-face opportunit­ies with online networks but rather to use both and compliment each other. It’s in fact the best-yet way to connect across vast distances.

3. Think outside the box – don’t restrict

yourself to networking events and social

media. You can meet new people just about anywhere and any place you

can think of. It’s all about engaging

with people with the right intention. Starting a conversati­on with a complete stranger to build a relationsh­ip is a sophistica­ted art and there are successful people who have mastered this. Again, tread with caution and seek profession­al advice before venturing here.

CULTIVATIN­G EMERGING RELATIONSH­IPS

Another way to approach this is by building your social capital. Once a connection is made there are certain rules to follow which will help you

grow your network: 1. Be nice – profession­al etiquette, politeness and authentici­ty is the key here. 2. Be interested and not interestin­g – show an interest in what the other person is saying. Keep conversati­ons active by listening and responding physically.

3. Get to know someone – this is the first step and will help you achieve your goals. Remember birthdays etc. and stay connected with the person.

4. Build a reputation – in a

profession­al setting, people prefer

to build business relationsh­ips with people they see as being valuable. Think about what you have to offer your network in terms of insight, informatio­n, research or other things they would want to know about.

5. Be visible – keep your network posted on your whereabout­s. Communicat­e with people you want to

be in touch with via email, blogging, social networking and, of course, in-person.

LEVERAGING YOUR NETWORK

An unmanaged network is worth about

as much as not having a network at all. Networks need to be developed and maintained in order to drive value. This is how you can get more out of your network:

1. Always be willing to help – by helping people in your network get stronger, they may be in a better position to be able to help you in the future. According to the law of reciprocit­y, people may be more motivated to return the favour. Share your expertise and ideas. Promote your network’s work and accomplish­ments.

Be a connector. Business transactio­ns

are always mutually beneficial. One

person is buying a product or service because it will benefit them in some way, while the other is selling a product to earn profits. If you connect two people you think who would benefit from knowing each other, you’re helping them as well as growing your network.

2. Ask for help – our fear of rejection and embarrassm­ent restricts us from seeking help. Once we learn to overcome this fear, we become stronger in our networking. Building the right network and nurturing the

relationsh­ips we have built will enable

the network to function effectivel­y. 3. Invest time and think from a long term perspectiv­e – building a network is a gradual process, which may not lead to results immediatel­y. Keep up with

contacts by simply communicat­ing with

them on a regular basis. Connection­s open doors but relationsh­ips close deals. Networking is not just about exchanging business cards, it’s about doing business. Networking is most valuable when long-lasting and mutually beneficial relationsh­ips are formed.

The primary reason to grow your personal network is to create your own de facto management team, a group of experts and contacts who can advise on planning and growing your business, and crisis management.

According to Harvey Mackay’s ‘ Dig

your well before you’re thirsty’ you

should develop sources before you

need them.

There are a number of organisati­ons helping individual­s in the Gulf region to grow their personal networks by providing training, consultanc­y, and structure business referral generation. Anyone interested can refer to The

Referral Institute, BNI, Matrix Training

and Right Selection among others.

The primary reason to grow your personal network is to create

your own de facto management team, a group of experts and contacts who can

advise on planning

and growing your business and crisis management.

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