What is Networking? Definition of Business Networking
Networking is the process of creating and nurturing relationships with individuals in your field or your related fields. These individuals can be your peers, business partners, and other professionals. Networking is built upon supporting each other’s professional career growth and sharing information about different opportunities. Networking can help you access more opportunities, grow your skill set, and improve yourself professionally.
The Importance of Networking in Business and Career Growth
Networking can be a powerful tool that can help you elevate your career. You can access new job opportunities and partnerships through effective networking efforts. You can meet with new mentors who guide you in your career path and help you learn and improve new skills. With the right mentorships and business referrals, you can ensure long-term success in your career.
Types of Networking: Professional, Social, Digital
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Professional Networking: Professional networking is the most common form of networking. You form connections with other professionals or peers within your industry or profession.
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Social Networking: Social networking refers to the networking efforts built around more casual and informal connections. Being connected with others and having a large group of networks can help you both in social situations and professional situations.
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Digital Networking: Digital networking usually means creating a platform such as a LinkedIn, Twitter, Spotify, or Medium account and connecting with other like-minded individuals via these platforms.
Networking is the process of building relationships with peers, business partners, and professionals in your field, aiming to support career growth and share opportunities. Networking is critical for accessing new job opportunities, learning new skills, and improving your career. There are three main types of networking: professional, social, and digital.
Benefits of Effective Networking
Effective networking efforts create many benefits and can accelerate your career journey significantly.
Expanding Professional Connections
Networking essentially means forming new professional connections with other peers, mentors, and professionals. This network of professional connections can help you be more open to new opportunities and access helpful advice, job leads, and referrals.
Career Advancement Through Networking
Networking helps individuals advance in their careers in different ways. First of all, through networking, you familiarize yourself with your potential partners and maybe employers. It is a scientific fact that people are more likely to favor those who seem familiar to them. Also, on top of familiarity, you gain the opportunity to explain yourself, your experiences and interests to other professionals through effective networking.
Networking for Business Opportunities and Collaborations
Networking is beneficial not only for individuals but also for businesses, allowing them to form professional collaborations and access new opportunities. Business owners, especially those in B2B businesses, can really benefit from networking in various processes such as forming partnerships, acquiring new clients, building novel revenue streams, and facilitating innovation.
Effective networking offers many benefits such as expanding professional connections, advancing your career, and creating business opportunities. Through networking, you can gain access to valuable advice, job leads, and referrals. You can also be a prior choice for employers. On top of these, networking allows businesses to form collaborations, acquire new clients, and foster innovation.
Best Networking Tools for Professionals
There are some networking tools and platforms that are commonly used for professional networking. Let's visit each one of these platforms.
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LinkedIn: The Ultimate Professional Networking Platform
LinkedIn is the most commonly used professional networking platform that is used to display your professional achievements, connect with others including peers and industry experts, and access new job opportunities.
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Meetup: Find Networking Events and Groups
Meetup is a location-based networking platform that connects professionals in close locations. Meetup also offers virtual networking events for peers in similar fields and industries.
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Slack: Networking in Digital Communities
Slack is essentially a professional communication platform that connects professionals to the necessary knowledge. Through the opportunity of professional communication, Slack allows for community building and networking.
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Twitter: Building Connections through Thought Leadership
Twitter (or now X) is a platform that can be very fun and casual, but it can also be used for networking with the right strategies. Twitter allows its users to share their ideas, both in short and long formats. This feature makes Twitter a platform for professionals to create their own platform for sharing ideas and actively engaging with others.
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Zoom: Virtual Networking for Remote Professionals
Zoom is one of the most commonly used platforms for professionals to connect with each other through online meetings. Zoom eliminates geographical constraints and allows for professional knowledge and idea-sharing environments.
There are several essential networking tools for professionals that facilitate connections and opportunities. Some of the most commonly used ones of these networking tools are; LinkedIn, Meetup, Slack, Twitter (now X), and Zoom.
Networking Tools for Businesses
Businesses usually utilize various tools such as CRM tools, business cards, and email marketing tools to assist with their networking efforts. Let’s list some of those tools and their purposes.
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CRM Tools for Managing Networking Relationships
Customer Relationship Management (CRM) tools, such as HubSpot and Salesforce, help organizations’ networking efforts by arranging and managing customer interactions.
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Business Card Apps for Easy Contact Sharing
Business cards are the most traditional yet still very effective methods of professional connection and networking. You can easily create your personalized business card with the help of apps such as CamCard and HiHello. Do not underestimate the professional image created by a well-curated business card!
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Email Marketing Tools for Networking Follow-Ups
Email marketing is commonly used for enhancing digital marketing efforts. Email marketing tools such as Mailchimp and Constant Contact support email marketing by sending follow-up messages and helping businesses stay connected with their network.
Businesses utilize various tools to enhance their networking efforts, including CRM tools like HubSpot and Salesforce, business card apps such as CamCard and HiHello, and email marketing tools like Mailchimp and Constant Contact.
How to Network Effectively
Networking effectively requires you to actively use some networking strategies. Networking can be done through different mediums; mainly in person, online, and through industry events like conferences. Connect with Edvido to create new networks with many industry professionals and increase your impact.
Networking in Person: Tips for Building Meaningful Connections
Networking in person is the oldest form of networking and many may argue that it is the most effective. Networking in person requires you to present yourself with your appearance, posture, body language, voice and with ideas and interests. Let’s see some tips and tricks for face-to-face networking.
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Prepare an elevator pitch: Elevator pitches are powerful tools if you want to convey your message to others. The idea is that you should be brief, kind, understandable, engaging, and professional.
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Be genuinely interested: Networking in person requires you to be present at the moment and show genuine interest. Do not just talk about yourself, be open to listening to others and asking questions.
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Maintain eye contact: Maintaining eye contact is critical, especially in face-to-face communication.
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Offer help or value: Networking is not about receiving from others, it is also about bringing value and assistance yourself. Think about what you can offer and how you can help.
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Follow up promptly: If you just met someone through a work event or a networking opportunity, make sure you send a follow-up email or message within 24–48 hours to maintain the connection.
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Attend regularly: There are many workshops or events within almost every professional environment. Attend those events regularly to both keep your knowledge sharp and maintain new connections.
Networking Online: Leveraging Social Media and Digital Platforms
Digital environments create many networking opportunities effectively. You can access a larger network much more easily through digital environments. Now, let’s investigate some of the strategies you can apply to create an engaging digital presence for networking purposes.
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Optimize your profile: LinkedIn is the first address when it comes to digital networking channels. Optimize your LinkedIn profile in a manner that displays your professional competencies and experiences.
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Engage with others’ content: Do not be shy! Engage, comment, like, or share posts that you feel are interested in professionally. This engagement can keep you connected with other individuals related to your field and help you participate in different discussions.
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Share valuable content: Digital environments are not only ideal for connection, but also for sharing valuable industry insights, articles, or your own work. You can optimize digital platforms in such a manner.
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Join niche groups: Being hyper-focused on a subject usually pays off, as you learn everything related to that niche subject. So do not hesitate to dive deep into the topics and forums that interest you, and share your opinions and ideas with others.
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Be approachable: Being approachable and friendly is a huge part of face-to-face networking, but it is also crucial for digital networking. You can have an approachable attitude on digital platforms by actively responding to messages or comments and being open to connecting with people who reach out.
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Use direct messaging wisely: Direct messages play a key role in digital networking, so be mindful when using direct messaging tools. Personalize messages when reaching out, and try to capture the recipient's attention by underlying their interests.
Networking at Events: How to Maximize Your Time at Conferences and Meetups
Conferences and meetups offer the perfect opportunity for networking with individuals, peers, and mentors from your field. Let’s list how you can make the most out of these face-to-face professional events networking-wise.
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Research attendees: Before any conferences and meetups, look up the event’s speakers, and set a clear goal on who you want to meet up with. You can even prepare some questions beforehand to ask them!
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Arrive early: Arriving early is great for such events because it allows you to connect with other attendees and even event speakers in a more casual manner. You can connect with other attendees and speakers much better if you arrive early.
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Ask open-ended questions: Be open to communication opportunities, encourage others to tell their story and perspectives, and ask open-ended questions. This will help you connect with others far more effectively.
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Take business cards/digital contact info: Making new connections in conferences and meetups is very valuable, but you need to follow up afterward. Present your business card if it exists, and ask for others, exchange contact information, and make a note of key details.
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Follow-up post-event: If you meet with mentors or peers; follow-up after the events to discuss ideas or future opportunities after the event.
Effective networking requires following different strategies for different networking mediums. There are three main networking mediums, these are; in-person interactions, online platforms, and industry events. You should prepare an elevator pitch, show genuine interest, and maintain eye contact for in-person interactions. You should optimize your digital profiles, share valuable content, and engage with others for online platforms. At industry events such as conferences, you should research attendees, arrive early, and ask questions.
Building a Networking Strategy
Networking is not just casual connections with others in your field, it requires some strategies for you to obtain the best possible results. Let’s list what you need to do to build an effective networking strategy.
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Identifying Key Networking Opportunities
Actively look for key networking opportunities. These opportunities can be relevant industry events like conferences or meetups or digital communities such as LinkedIn or Twitter. It is best to utilize both online and face-to-face communication channels for the best networking opportunities.
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Setting Networking Goals for Career and Business Growth
The right connections can help you achieve your professional or career goals earlier and in a much simpler way. So, you might look for the pioneers in your fields and choose mentors based on your goals. You can then reach out to these potential mentors and connections based on your goals.
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Creating a Follow-Up Plan After Networking Events
One of the most common and critical mistakes is not following up after networking events or after connecting with others. Create a follow-up plan and show that you care about the professional connection built around that networking opportunity.
You can follow a few steps to build an effective strategy. First of all, you need to identify key networking opportunities for your interests and career goals. Then you should look for mentors who can help you with your goals. Last but not least, you should always have a follow-up plan after your initial networking meetings.
Networking Mistakes to Avoid
Networking is not a natural talent for many individuals, but rather it is a skill that needs practicing. Networking requires combining a professional attitude with genuine social warmth, and there are some common mistakes that many individuals fall into. Let’s list three of the most common mistakes and how you can overcome these mistakes.
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Over-Pitching Yourself Without Building a Relationship
One of the most common mistakes, especially for people in their early career stages, is over-pitching themselves. Yes, you might be excited and driven, but in a networking event, especially in a networking with mentors type of opportunity, focus more on listening, offering value, and building a rapport first.
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Failing to Follow Up After Making Connections
Another very common mistake is failing to follow up after meeting and connecting with someone in a networking opportunity. You might have had the most positive conversation with a mentor or a peer, but it will not mean anything unless you do not keep communicating. So do not underestimate a small text or a short phone call for the best results from networking.
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Not Using Networking Tools to Stay Organized
Networking can be very overwhelming and stressful and it is challenging to manage all that stress by yourself. You may lose some contact numbers or miss a few critical deadlines if you are not using some organization tools.
There are a few critical and common mistakes made during networking. These mistakes can be listed as; over-pitching yourself without listening to others, not following up after initial meetings, and not being organized.
FAQ About Networking
What are the best networking tools for professionals?
There are many tools that simplify networking, let’s list a few of these tools:
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LinkedIn: LinkedIn is the go-to platform for professional connections, keeping up with industry trends, and finding new job opportunities.
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Meetup: Meetup is a platform that allows individuals to find events related to their fields or interests. Meetup offers both in-person and virtual events in many fields.
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Twitter: Twitter can be much more than just a fun platform to follow memes or news. Individuals can share insights and actively engage in various discussions in their fields. You can create a virtual platform to showcase your ideas through Twitter and connect with other industry experts.
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Zoom: Zoom is ideal for virtual networking events such as online meetings or symposiums. Zoom allows remote or hybrid teams to meet face-to-face through video calls in professional settings.
You can also check out our answers to “Best Networking Tools for Professionals” for further information. Contact Edvido to get access to the best agencies from all over the globe.
How can networking benefit my career?
Networking can benefit your career in many ways, let’s list a few ways in how networking can create positive impacts in your life.
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Access to hidden job opportunities: Not every job opening is posted through platforms like LinkedIn, on the contrary, many job openings are not disclosed to the public but offered first to the networked individuals. Networking gives you this insider access opportunity.
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Mentorship and guidance: Discovering everything about your future career steps on your own is both extremely difficult and quite unrealistic. Mentorship and guidance you gain through networking from someone who has walked the same path before you is extremely valuable.
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Industry insights: Networking with industry experts and other peers keeps you up-to-date with trends, new tools, and best practices within your area.
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Partnership and collaboration: Networking enables many new opportunities such as business collaborations, partnerships, and project opportunities.
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Skill development: Networking can encourage and even push you out of your comfort zone and help you take on more roles and responsibilities. This process eventually supports your professional development and helps you learn new skills.
What is the best way to network online?
We are in a digital age and networking online creates much more opportunities. Let’s list some of the tips and tricks on how you can network online:
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Leverage LinkedIn: As we have discussed before, LinkedIn is the go-to platform for professional networking. So, do not be hesitant to send personalized connection requests and engage with relevant content.
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Join online communities: Online communities such as online workshops, reading clubs, LinkedIn groups, or forums create opportunities for digital networking.
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Engage on Twitter: Do not underestimate the environment that Twitter creates! You can share articles, ideas, and join conversations through Twitter which functions as a professional networking tool.
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Host or attend webinars: Hosting or even just attending industry-specific virtual events such as webinars can work marvelously as networking opportunities.
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Use video meetings: Face-to-face communication has many unique qualities such as allowing you to understand the gestures and mimics of the other and connecting better. Tools like Zoom or Google Meet mimic these advantages of face-to-face communication on digital platforms and it allows for more personal conversations with remote contacts.
How do CRM tools help with networking?
CRM, Customer Relationship Management, is a critical part of every business whether it is B2B or B2C. Many CRM tools help businesses navigate their interactions with their customers. Let’s list how you can get the best possible outcomes using CRM tools:
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Organize contact information: CRM tools organize and manage contact details and it simplifies your networking processes.
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Track interactions: CRM tools keep a record of emails, meetings, and calls. In this way, you track every interaction you have with the people you connect with.
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Segment your network: CRM tools group contacts by industry, location, or other categories. This service helps you segment your network.
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Automate reminders: CRM tools set automatic reminders to follow up with contacts. These reminders help you maintain and nurture your networking relationships.
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Measure engagement: CRM tools provide data on how contacts are engaging with you, allowing you to adjust your networking strategy.