7 Tips on Network Building for Entrepreneurial Newbies

Starting a business is easy, but maintaining and developing it is a whole different level. Careful business planning and sufficient funds indeed will help a business stay long in the market. However, to develop your business, you need to expand your business network.

7 Tips on Network Building for Entrepreneural Newbies

Having an expansive business network will help you develop the business that you are running. Here are seven tips you could try to build a business network:

1. Define the Purpose of Your Networking

Each business network has different purposes; therefore, you have to define them from the start. Are you building a network for your target market? Your supplier? Or are you looking for a business partner? Defining the purpose from the very beginning will make the network-building process more effective.

2. Attend Seminars or Training

There are many seminars and training held by business professionals. Attending them may allow you to meet other entrepreneurs, both newbies and professionals. Please take the opportunity to start a conversation with them so you can build business networking while exchanging experiences.

3. Join Communities

Most business sectors have their own communities, and even small businesses have them. Therefore, try to find out which community is in line with your business and be sure to join it. In addition to network building, you can also gain valuable information that is only shared internally with the community members.

4. Utilize Social Media

Social media can be an effective platform to build business networking. You can post activities regarding any business, business you are running, and various things, including your professional activities.

5. Actively Communicate with New or Old Acquaintances

People tend to forget their old acquaintances; for instance, you might forget your elementary school friends when you entered junior high school, and you might also forget your junior high school friends when you entered senior high school, and so on. Who knows if one of them is your potential customer?

6. Support Each Other

A mutually beneficial relationship is needed to build a business network. However, the benefits are only sometimes in the form of materials. If you build a good relationship with someone and help them when they are in a dire situation, then perhaps they will do the same in the future.

7. Have Courage and Be Confident

The key to building a business network is to have courage and confidence but not overdo it. If you diligently attend training or seminars but are afraid to communicate with new people around, you cannot build a network effectively. Therefore, you have to build up your courage and confidence before communicating with new people.

Having an expansive business network helps you develop your business. However, it should also be supported by your hard work and innovation to compete in this tough competition market.

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