February 15

Myths of Business Networking

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Myths of Business Networking

Business networking is often seen as something only big businesses benefit from and requires an extroverted personality. These are just a few myths about business networking that can keep people from taking advantage of its many benefits. We’ll look at ‘busting’ seven common myths about business networking so you can start leveraging them for your success!

Myth #1: Business networking is only for big businesses

This is one of the most damaging myths about business networking.  Small business owners have much to gain from networking with other small business owners, if not more than big businesses. Small business owners can build relationships, share resources, and find new customers by networking.

Myth #2: Networking is only for extroverts

Another myth about business networking is that it’s only for extroverts. This isn’t true either! While networking can be daunting for introverts, there are plenty of ways to network effectively. For example, introverts can start by attending smaller networking events or connecting with other small business owners online.  Introverts have a superpower that can help to make them great networkers.  They are very good listeners and thoughtful in their interactions with others.  They can build very strong relationships that strengthen their networks.

Myth #3: Networking is all about selling

Another common myth about business networking is that it’s all about selling. While it’s important to be able to talk about your products or services, networking is also about building relationships and providing value. When you focus on providing value first, you’ll be more likely to make sales in the long run.

Myth #4: You need to network with lots of people

Another myth about business networking is that you must network with as many people as possible. While it’s important to have a wide network, it’s more important to have quality relationships with a few key people. These key relationships will be more valuable in the long run than a large number of superficial relationships.

Myth #5: Networking events are a waste of time

Some people believe that networking events are a waste of time. While there are definitely some lousy networking events out there, there are also plenty of good ones! If you find a suitable event and go in with the right attitude, you can definitely get some value out of it. 

Myth #6: You should only network with people in your industry.

It’s beneficial to network with people in the same industry as you but don’t limit yourself to only those people. You never know who could help you or who you might be able to help! It’s also helpful to diversify your network so that you have different types of people you can turn to for advice and support.

Myth #7: Networking is time-consuming and difficult.

Like anything else, networking takes time and effort – but it doesn’t have to be difficult. If you focus on building genuine relationships with others, it can be quite enjoyable! And the more effort you put into networking, the more likely it will pay off in the form of new business opportunities or helpful connections down the road.

Don’t let these myths stop you from taking advantage of the many benefits of business networking. Whether you’re an extrovert or introvert, big business or small, there are opportunities to build relationships and gain new customers through networking. By being mindful of the common misconceptions about business networking and leveraging it for your success, you can take your venture to the next level! So don’t wait any longer – get out there and start building meaningful connections today!  

Book here to join our next networking session.

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