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Added for You - Work Your Network
The NUDE Model t simply ain’t gonna happen that way.”Nothing to be very sassy about it. Nudity could be a very crowd pulling idea of marketing. But here NUDE is a new way of modeling a business and see the business environment in a new light called “NUDE” model. It is an acronym stand forN = Novelty. U = Utility. D = Dependability. E = Economy.Take the case of fax machines we are so familiar with. But in early period of fax machine, this was novel idea. People ask a lot why anyone should sent data over a telephone line. Slowly but gradually it picked up and became an essential tool of any business. There it became a utility. It lost novelty.If we study the growth of computer industr Here’s why you’re not going to meet your business soul mate at a networking event: 1) You aren’t going to do business with someone after meeting them for a few minutes and getting handed a poorly printed card. 2) Businesses are built on relationships and not “30-second commercials,” no matter how effective and intriguing. 3) Most of us have major trouble i Online Networking: 5 Steps to 24/7 Connections If you’re networking with strangers, you’re wasting your time. A consultant friend of mine recently complained, “I’m doing 2-3 networking events a week – and I’m worn out.” When I asked why she felt networking was important, she replied, “One of my marketing goals is to do at least 1 networking event a week.” (I pointed out that she just admitted to doing 2-3 a week – and perhaps doing 1 a week is smart and doing triple that goal is causing some of the fatigue.) But there’s much more to the great American business myth of networking.As business owners, we all know the value of networking. You make contacts, meet potential clients, and generally expand your sphere of influence. The great thing about this day and age is that networking is no longer confined to physical space. With online networking, you can connect with people around the world easily and quickly.What can you get from online networking?A sense of communitySmall business owners sometimes feel isolated. With an online group, you can visit any time.PartnershipsJust like with face-to-face networking, online networking brings you a wealth of potential partners.< Myth 1: The more you network, the more effective your networking activities become. Truth 1: It’s much more important to become well-known in 1-2 circles than to spread your networking activities over many different groups. Depth beats breadth every time. I then asked her how networking was working for her. She said, “I don’t think I have gotten a shred of business out of it in the last six months.” Her rationale for doing networking: “Everybody knows that you build a business by networking!” Does this make any sense? Or worse, does it sound familiar? See if this networking scenario has happened to you: You meet someone for 30 seconds. They mumble something about real estate as you are tuning them out. They ask you what you do, and you say you are in insurance. After 10 seconds of staring blankly at each other, you both head to the celery sticks for lack of anything better to do. Myth 2: The cocktails and miniature wiener circuit is the way to network to success Truth 2: Networking with strangers to build business is about as effective as going to a bar to get married. In the words of Dr. Phil, “It simply ain’t gonna happen that way.” Here’s why you’re not going to meet your business soul mate at a networking event: 1) You aren’t going to do business with someone after meeting them for a few minutes and getting handed a poorly printed card. 2) Businesses are built on relationships and not “30-second commercials,” no matter how effective and intriguing. 3) Most of us have major trouble i You Show Me Yours and I'll Show You Mine that goal is causing some of the fatigue.) But there’s much more to the great American business myth of networking.As much as employers complain of the difficulty finding good employees, few have embraced a formula that assures success. The greater the difficulty finding good employees in your industry, or certain positions within that industry, the greater the need to view the relationship as a partnership. With these employees observe the Golden Rule, treat them as you expect to be treated. If you extend this principle to compensation, weighing what you’d hope to receive in their positions at the expense of some of your profits, you’ll see the problem disappear.But aren’t employees with skill sets more common entitled to their share of the Golden Rule, partially set Myth 1: The more you network, the more effective your networking activities become. Truth 1: It’s much more important to become well-known in 1-2 circles than to spread your networking activities over many different groups. Depth beats breadth every time. I then asked her how networking was working for her. She said, “I don’t think I have gotten a shred of business out of it in the last six months.” Her rationale for doing networking: “Everybody knows that you build a business by networking!” Does this make any sense? Or worse, does it sound familiar? See if this networking scenario has happened to you: You meet someone for 30 seconds. They mumble something about real estate as you are tuning them out. They ask you what you do, and you say you are in insurance. After 10 seconds of staring blankly at each other, you both head to the celery sticks for lack of anything better to do. Myth 2: The cocktails and miniature wiener circuit is the way to network to success Truth 2: Networking with strangers to build business is about as effective as going to a bar to get married. In the words of Dr. Phil, “It simply ain’t gonna happen that way.” Here’s why you’re not going to meet your business soul mate at a networking event: 1) You aren’t going to do business with someone after meeting them for a few minutes and getting handed a poorly printed card. 2) Businesses are built on relationships and not “30-second commercials,” no matter how effective and intriguing. 3) Most of us have major trouble i Podcasting To Build Your Business s working for her. She said, “I don’t think I have gotten a shred of business out of it in the last six months.” Her rationale for doing networking: “Everybody knows that you build a business by networking!” Does this make any sense? Or worse, does it sound familiar?Podcasting can have a huge and immediate impact on your business. There are many websites online that will host your podcasts at no charge., which can give your websites an explosion of traffic. For those of you that don’t know much about podcasting, (or maybe nothing at all) podcasting is basically like having your own radio show online. Usually at the beginning of a podcast presentation there is a commercial or ad, then from there on out its all about promoting your business.The best way to build your business with podcasting is to offer some free information in your pod casts. Maybe do a podcast on list building, or making money online, or even a brief See if this networking scenario has happened to you: You meet someone for 30 seconds. They mumble something about real estate as you are tuning them out. They ask you what you do, and you say you are in insurance. After 10 seconds of staring blankly at each other, you both head to the celery sticks for lack of anything better to do. Myth 2: The cocktails and miniature wiener circuit is the way to network to success Truth 2: Networking with strangers to build business is about as effective as going to a bar to get married. In the words of Dr. Phil, “It simply ain’t gonna happen that way.” Here’s why you’re not going to meet your business soul mate at a networking event: 1) You aren’t going to do business with someone after meeting them for a few minutes and getting handed a poorly printed card. 2) Businesses are built on relationships and not “30-second commercials,” no matter how effective and intriguing. 3) Most of us have major trouble i Franchising Pros and Cons them out. They ask you what you do, and you say you are in insurance. After 10 seconds of staring blankly at each other, you both head to the celery sticks for lack of anything better to do.Last week's question from Anthony R. on how to choose the franchise that would best fulfill his life-long dream of owning his own business sparked a number of emails from other readers wanting to offer their two cents on the subject.Some folks offered helpful insights and suggestions on how to pick a franchise and a few things to watch out for, while other emails came from current franchise owners asking me to help them sell their operations to Anthony R.Hmm, sounds like it's time to update the old business card once again. Tim Knox: Franchise Broker At Large… Who knows, maybe I can franchise the concept.Last week I promised we'd take a closer l Myth 2: The cocktails and miniature wiener circuit is the way to network to success Truth 2: Networking with strangers to build business is about as effective as going to a bar to get married. In the words of Dr. Phil, “It simply ain’t gonna happen that way.” Here’s why you’re not going to meet your business soul mate at a networking event: 1) You aren’t going to do business with someone after meeting them for a few minutes and getting handed a poorly printed card. 2) Businesses are built on relationships and not “30-second commercials,” no matter how effective and intriguing. 3) Most of us have major trouble i How to Squeeze More Out of Every Day and Still Have Time to Play in the Evenings! t simply ain’t gonna happen that way.”Wouldn’t it be great to have all the time in the world to do everything we needed to?Wouldn’t it be great to just once be able to cross everything off our “to do” lists?Wouldn’t it be great to finish every night at 17.30pm, go home and not worry about the mass of things we have to do tomorrow?In today’s manic world it often seems we have no time to get all of our work done, let alone have time to ourselves – time to do those things we never seem to get round to. Like go to the gym or have a dental check up? Sound familiar?So often we hear endless advice on how to effectively manage our time. However, you and I both know there is no such t Here’s why you’re not going to meet your business soul mate at a networking event: 1) You aren’t going to do business with someone after meeting them for a few minutes and getting handed a poorly printed card. 2) Businesses are built on relationships and not “30-second commercials,” no matter how effective and intriguing. 3) Most of us have major trouble in explaining what we do, much less getting past that explanation and listening for what prospects need. 4) Networking with strangers is not targeted or specific and in fact is completely random. For some people, networking is exactly as effective as cold calling, which is the least effective marketing tool there is. So am I saying that networking is a waste of time? Absolutely not. What I’m saying is you need to start networking smarter. Here are a few thoughts to jog your noggin: * Network by having coffee or lunch with people one on one. Get to know them and their business. They may become a prospect, alliance partner, or referral source. But aim first and foremost to make them a friend. The rest will follow naturally. * If you’re going to network with strangers, go with the goal of making 2-3 lunch or coffee dates with people you find interesting. * Ask every happy customer you have (they’re all happy, right?) for just one referral of someone who would be interested in your type of goods or services, then call and use their name. (“Hi I’m Fred and Ginger said I should call you. Isn’t Ginger great?”) You already have one thing in common – Ginger! * Create a network “hit list” of the exact kind of businesses you want to network with – maybe you sell software and you want to meet IT managers at medium-size companies. Make the list and put it in your little black book or PDA. Focus your networking and outreach activities on only those people – or others who can refer you to those people. * Join non-business groups and spend time doing non-business activities: Civic, social, religious, recreational, musical, athletic... t
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