Business Networking Tips in March 2008

Austin LinkedIn Happy Hour

posted on March 20, 2008

If you're in search of the latest big, happening, FREE mixer in town you've just found it. The next Austin LinkedIn Happy Hour is happening next Thursday, March 27th at J. Black's on West 6th Street. Their last even was attended by nearly 400 people. If you were looking for an Austin tech heavy crowd you'll find it here. The event runs from 5:30pm to 9pm. Hosted by Door64 and sponsored by HT Staffing and Intrinsity. This should be one heck of an event. Enjoy! Happy Networking! Scott Ingram NetworkInAustin.com

Author: Scott Ingram

If You Need to Make a Sale This Month... Today Is <u>Not</u> The Day to <i>Start</i> Networking

posted on March 17, 2008

If you don't already have an established network and you need sales right away, putting all of your eggs in the networking basket is going to leave you very disappointed (broke?).   Networking is a long-term business development strategy. In many cases that flood of referrals you're looking for is years away.   I don't share this to discourage you, but to inject some reality. I truly believe that relationship marketing is one of the most powerful strategies out there, but it's like an investment that you put just a little bit of money into a couple of times a week. After the first week there probably won't be enough in there for you to retire. But, over time with consistent deposits and compounding you'll be amazed at your balance.   I think many people start networking to grow their business because their afraid of sales. Sometimes you just have to bite the bullet and pick-up the phone. There's no faster way to immediately generate sales, unless of course you already have an established network who can help with some referrals and introductions.   The real difference is in the lasting effects... If you pick up the phone and consistently make cold calls several times a week for 6 months I guarantee you'll make some sales, or depending on your business at least start buildling a very good pipeline. If you consistently start working to build your network several times a week, after 6 months if you're networking effectively you should start generating some sales and building a referral pipeline.   In the short-term cold calling will wildly outpace the results of your networking efforts. But what if you completely stop doing both?   Your cold calling efforts will immediately stop producing results. Your networking efforts will most likey continue to produce results.   Relationships don't die, and it's tough to build relationships making cold calls.   The right approach is a balanced approach. If you're just starting out you're going to need to start focusing on things that are going to produce revenue immediately. That balance might be 90/10 or 80/20 cold calling vs. networking. Over time as your network grows, your relationships deepen and the referrals beging to flow you'll be able to turn the equation over to 10/90 or 20/80 cold calls to networking.   Just don't expect it to happen overnight. Keep networking, but don't be afraid to pick up the phone.   Happy Networking!   Scott Ingram NetworkInAustin.com

Author: Scott Ingram

Help Others... Help Yourself

posted on March 10, 2008

Today I had a really fun experience. I called one of the smartest most well connected bankers I know to connect him with another friend who could benefit from his expertise. As we were catching up on what was going on in our own lives I quickly realized he was in a position to help me with one of my own challenges. This was not the intent of my call at all, nor had I even considered the possibility. Every now and then the return on your networking investment is immediate and more than you expect. Had I not tried to help my friend I never would have known this resource existed. You never know how helping someone else will help you in return. Rarely is it immediate, nor does it come back in the way you expect it to... But it does come back, usually with interest! Happy Networking! Scott Ingram NetworkInAustin.com

Author: Scott Ingram

Dead Blog Syndrome

posted on March 8, 2008

I'm excited to be back blogging again. Being a blogger, especially about a specific topic, has a really interesting way of changing your perspective. It makes you much more aware of that topic and how things relate to it. Just in the last week I've made a list of nearly a dozen different things I'd like to write about based on things I saw, conversations I had, or other events I experienced. However this topic of the dead blog is prettty interesting. I tried to do a little research this mornings and nobody seems to agree, but it is believed that there are over 100 Million Blogs! Unfortunately some huge percentage of those blogs are likely dead. (How Many Blogs Are There? Is Someone Still Counting?). I'll define a dead blog as one that hasn't had a post in over 30 days. Of course many are much worse than that. In the past when I was blogging much more consistently and also speaking about business blogging I would often warn people that the most important thing to think about if they wanted to start a blog was how committed they were to it. Starting a blog is easy, continuing to blog consistently over time is the hard part. What I didn't know then was: For how long? Life changes, circumstances change, we change. So how do you gracefully stop blogging. (Hint: don't do it the way I did). Knowing what I know now I think the best way to end a blog, or to take a blog break is to have some type of final post that explains the status of the blog. Without that all of the posts you've worked so hard on can lose a lot of credibility when all of a sudden your blog just ends at some date that was months or even years earlier with no explanation. To combat this in the future, and just to have it in general, I've decided to create a Best of My Blog post. In this post I'll simply have a list of what I believe are my most relevant posts, their title and a link directly to that post. So far I've been amazed at how much I've written about networking in the last few years. That way if I choose to take a break again in the future I'll be armed with a way to quickly add value and then will only need to write a quick explanation as to why I've chosen to not blog for a period of time or permanently. Well, enough about all of this blog talk, it's time to get back on topic.  Stay tuned for more business networking tips and insights. Happy Networking! Scott Ingram NetworkInAustin.com

Author: Scott Ingram