Adrian Newman’s latest é-Wealth Daily’ article is titled “Make More Money with the Right Connections”. [‘e-Wealth Daily’Article]

Adrian Newman’s latest ‘e-Wealth Daily’ article:

Make More Money with the Right Connections

Networking acts in the same way that an elastic band does. It’s an opportunity to stretch your personal or business resources to the limit — but know that it can also be tricky to expand.

No matter how difficult it can be to do, networking is an essential aspect to being a successful entrepreneur. Knowing powerful or useful people in business or the trade industries can only improve your business or personal contacts in the long run.

Having small- or big-time contacts in your industry could pay you big dividends in the short term or long term.

Just think: at some point, you may be in a jam when it comes to money or you could be in need of an appropriate buyer or contact. Having a reserve of contacts will only improve your chances of getting out of that tight spot.

Whether it’s for a job, funding for your business or a new idea, or just getting an idea out to other businesses or individuals, you should be aware of the networking guidelines that are in place, both positive and negative.

In most cases, you only have one chance at a first and lasting impression, which could color the rest of your relationship with the individual you are meeting.

I like to think of it as making new friends; kind of like the first time you introduce yourself to your neighbors. You know that sooner or later your neighbor will come over to your house and ask to borrow your ladder, lawn mower, or some ingredients for cooking, for example. Plus, you may do the same — so you want that first impression to put you in good standing with your neighbor.

Networking should be looked at in much the same way. At some point, someone just might be able to help you out with a favor or vice versa (remember: this can lead to benefits for you down the road when you’re in need). The following dos and don’ts of networking come from experiences I’ve had while attending trade shows and public events. Try to keep these in mind at all times.

Do:

— Contact friends, relatives, and former colleagues on a regular basis.

— Make a personal connection in some way with the person you’re talking to (this works easily with college and university alumni, as well as past friends and colleagues).

— Use your contacts; the easiest way to network is to ask a person you already know for the name of someone else. When you call this new contact, make sure you mention the name of the person who suggested you contact him/her. Be sure to mention the other person in a positive light to your new contact.

— Ask people whom you have come into contact with for information, advice, or referrals to others who might be of some help to you in the future.

— Set up face-to-face meetings.

Don’t:

— Sit around waiting for someone to contact you.

— Sound like a telemarketer.

— Let rejection get the best of you; instead, make it drive you to work harder.

— Exploit individuals (whether it’s asking for a job, financing help, or in-depth business help).

— Talk about yourself too much.

— Insist on talking in person (networking conversations always took place face-to-face in the past, but with technological changes, it’s often now done over the telephone or by e-mail).

— Stop networking because you’re comfortable with your situation or are worried about having to keep in touch with too many contacts.

As many of you already know, the business world can be tough and disheartening. Your personal and/or business situation could quickly change right before your eyes. That’s why you need to keep in touch with the people who could help you when you are in a bind. Networking is more than just a means of taking advantage of new opportunities. You should also think of it as a means of providing you with a safety net; you never know who could help you find a new position or who could provide you with last-minute financing.

If you stretch your networking resources to their limits, much like an elastic, they will snap. But if you expand on them from time to time, then you will have more options and freedom than
you could ever imagine.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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