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Networking: What It Is and How to Do It Successfully

Networking

Investopedia / Julie Bang

Definition
Networking is the process of exchanging information and ideas among professionals to expand their connections, discover job opportunities, and stay informed about industry developments.

What Is Networking?

Networking is th𝔍e exchange of information and ideas among people with a common profession or special interest, often in an informal social setting. Professionals use networking to expand their circles of acquaintances, find out about job opportunities in their fields, and increase their awareness of news and develo𒅌pments in their fields.

Networking is one of the main benefits of joining a professional organization or attending a trade fair or conꦅvention. However, networking most often occꦛurs spontaneously when two or more like-minded professionals cross paths.

Key Takeaways

  • Networking is used by professionals to widen their circles of acquaintances, find out about job opportunities, and increase their awareness of news and trends in their fields.
  • Business owners network to develop relationships with people and companies they may do business with in the future.
  • Professional networking platforms provide an online location for people to engage with other professionals, join groups, post blogs, and share information.
  • The coronavirus pandemic drove many to network solely online rather than in person.
  • Many colleges and universities provide opportunities for alumni to network with one another.

How Networking Works

People generally join networking groups 🐬based on a single common point of interest that all members share. The most obvious is a professional affiliation, such as stockbrokers or social workers. Many find effective networking opportunities in a co🎉llege alumni group, a church or synagogue social group, or a private club.

For professionals, the best networking opportunities may occur at trade shows, seminars, and conferences, which attract a large crowd of like-minded individuals. Networking helps a professional keep up with current events in the field and develop relationships that may boost futuಞre business or empl⛄oyment prospects.

Needless to say, it also provides opportunities to 澳洲幸运5开奖号码历史查询:help other people find jobs, make connections, and catch up on the news.

Business owners network to develop relationships with people and ✤companies they may do business with in the future. These connections help them establish rapport and trust among people in their communities.

Successful business networking involves regularly following up wi꧋th contacts to ex🐈change valuable information that may not be readily available outside the network.

Important

Business owners and entrepreneurs often join their local 澳洲幸运5开奖号码历史查询:Chamber of Commerce to promote their business interests and help others in theirℱ communities do the same.

Online Networking

Professional networking platforms such as LinkedIn provide an online location for people to engage with other professionals, join groups, post blogs, and share information. And, of course, they provide a place to 澳洲幸运5开奖号码历史查询:post a resume, search for jobs, or identify job candidates.

These days, a 澳洲幸运5开奖号码历史查询:business-to-business (B2B) customer pipeline can be d💯evel꧃oped almost entirely through the use of a social networking site. Online networking forums allow professionals to demonstrate their knowledge and connect with like-minded people.

LinkedIn is the largest professional network, but there are many others. Some cater to particular subsets of people, such as Black Business Women Online.♈ Others, such as Meetup, try to 🎐combine online networking, real-world networking, and video conferences.

Fast Fact

The term computer networking refers to linking multiple devices to 澳洲幸运5开奖号码历史查询:share information and software resources in an immediate way.

Special Considerations

Given the growing number of networking opportunities available to people looking to start or advance their careers, it's important to take some time to explore your options before committing to a specific networking group.

While it's tempting for a new business owner or someone looking for a dream job to join as many networks as possible, a better strategy is to target your time and efforts toward those groups t🐈hat best fit your needs and interests. Many networking organizations will host special meet and greet events for prospective members.

Once you join a networking group, it's important to become a contributing member. Rather than just using the association to further their own goals, people who use networking effectively look to offer something of value to other group members.

Networking can help you identify opportunities for collaboration, strategic 澳洲幸运5开奖号码历史查询:joint ventures, partnersh💦ips, and new areas to expand your business.

How Can I Network Efficiently?

Take the time to explore your options before committing to a specific networking group. Target your time and effort to the group that best fitಌs y🌃our needs and interests.

Remember, networking is a process of give and take. Don't just jump in when you're looking for a job. Be generous about sharing tips, recommendations, and insights that benefit others in the group.

Why Is Networking Useful?

Networking helps a professional keep up with current events in the field. It develops relationships that may lead to business or employment pro⛄spects. At its best, it achieves this in a relaxed so🅰cial environment.

What Is Online Networking?

Sites such as LinkedIn provide a platform for people to engage wi🐟th other professionals, join groups, post blogs, and share information. And, of course, they provide a place to post a resume that will be seen by prospective employers. Online networking forums allow professionals to share their knowledge and connect with like-minded people.

The Bottom Line

You don't have to be an extrovert to create a social network. You just need an interest in sharing information and ideas among people in your profession. Over time, you'll find that it expands the circle of people that you can rely on to help you professionally, and that you can help in turn.

Article Sources
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