Archive for the ‘Business’ Category

November 20 2009

How to Ask the Right Questions for the Home Network Business

With the economy slowly riding into a recession, we all want extra money. Ever thought about a home network business? Every ten seconds someone is starting to build their business. How do you know what questions you should be asking?

The most critical factor is how your thinking. What you think about, you bring about. How real (in your mind) will you create your success? Before success the mindset is crucial . Are you thinking how much this will cost me? Or, how much you will make this year? The first mindset is for an employee, the latter is the business owner.

Is there a proven system? Has the company gone through the 5 year benchmark that most don’t live past? Is there a track record of years of success?

Are the people teaching leadership, making the money, and been there for a while? Or are the people, who teach the system, been there for 6 months and starting their business? Will the leadership, be the people who mentor me? Can someone else train my people? Also train me?

Is the income opportunity real with proven results? Successful businesses talk with real people. The human factor.

From other peoples experiences you can benefit from: money, time and effort? What would you do with the freed time? Would you spend that time on yourself or your family?

Is the product line unique? Is there much competition?

Do you have to keep a paper trail? Do you have to ship the product? What other expenses then do you have to factor in?

How much money, after expenses, will you have after each sale? If the profit is low, you will have to sell a large amount.

Is it Mlm? Mlm is illegal. It is a poor model for the home network business. Everyone in a money making position gets a small portion of the pie? You want the majority of the pie!

The 21st century is changing the business model. Being present with one self is more prevalent. We are moving away from the industrial age. Opening new frontiers in the information age where people desire leadership and more personal freedom.

People are requesting to spend more quality time with their family. Having a say or a choice in everyday life, including their career choices. Being present and aware of whatever that thought becomes. Daily travel is different then being in rush hour traffic. Watching your child daily is different then going to daycare, to work and back. There are other alternatives and freedom if its sought.

Visit http://www. ceoincomenow. com for more relevant information on my home network business
March 28 2009

Guide to Networking: Online and In-person

network
Lou Bortone asked:


Business networking for entrepreneurs is an art and a science. The trend of E Networking has also opened up a new online world of Mega-Networking. From the proliferation of social networking sites like Facebook to the more structured, in-person networking groups like Business Networking International (BNI), there have never been more opportunities for building your professional network. However, many of the tried and true rules of engagement apply, because, in the end, its all about relationships.

With that in mind, there are three basic kinds of business networking:

1) Traditional networking  In-person meet and greets at professional events and meetings, etc. In addition to joining an association specific to your industry, check out your local Chamber of Commerce or Rotary International chapter.

2) Structured networking clubs  Professional groups like Business Networking International (BNI) require a significant time commitment but can be tremendously helpful in finding new business.

3) Online or E-Networking  Internet-based networking websites such as LinkedIn and Facebook take six-degrees-of-separation networking and make it digital.

Here are the things you need to know to maximize your networking efforts:

“Perfect your elevator pitch Prepare and rehearse your one-minute introduction speech in advance. This breaks the ice and also serves as a good conversation-starter.

Resources: Learn how to create an effective elevator pitch at Businessknowhow.com. Need inspiration? Read successful elevator pitches and tweak your own at YourElevatorPitch.com.

“Be a joiner Join professional trade groups. Volunteer. Get more involved in trade associations. Make a name for yourself; dont hide behind the scenes.

Resources: You can join local chapters of Fast Company magazines Company of Friends group to stay connected, or more freelance-oriented groups like Guru.com, where you can find work and search for freelancers to work for you.

“Give action to get action Remember that networking works both ways. Be ready to reciprocate. Kevin Spaceys Hollywood agent character said it best in the film Swimming with Sharks: Youve got to give action to get action!

Resources: Dont dismiss the power of social networking websites like Friendster and Knowmentum. These can be a source of great connections.

“Take advantage of online networking opportunities The newest trend in networking provides unique opportunities to connect with colleagues online and expand your network exponentially.

Resources: LinkedIn is a popular E-networking site, as is Ryze. Some online networking sites are geared towards specific industries. EntreMate, for example, specializes in connecting entrepreneurs who are looking for business partners.

“Follow up Cultivate your relationships. Send notes after meeting a new contact. Be proactive about staying in touch. Recognize that it takes time to build a relationship.

Resources: The Riley Guide offers additional information and advice about networking.

Finally, keep in mind these basic networking guidelines:

“Dig your well before youre thirsty  the best time to develop your network is before you need it!

“Be a great listener. Youll expand your circle of friends when you show sincere interest.

“Offer assistance. Networking is not a one-way street.

“Just like theres a right way to work a room, you must observe proper netiquette when youre networking online.



March 18 2009

Networking: Beyond the Elevator Speech

network
Nirmal Kumar asked:


“Networking” has become one the sales bywords in recent years. Many will tell you that the key to building your sales is to “network” effectively. There is no question that building a strong network can be incredibly helpful to your sales efforts. Nevertheless, many people in sales face the same difficulties in networking that they face in cold-calling. It sounds great, yet for some reason they just don’t seem to be able to do it effectively. Let’s look at some of the factors and see if we can debunk some of this.

Exactly what is “networking?” The first thing comes to mind for many salespeople is that networking about finding customers without having to make cold calls! A common perception is that networking means going to a lot of events, meeting as many people as you can (also called “working the room”), handing out your business cards to “qualified” prospects, and then waiting for them to call you. Once you’ve met all these qualified people at an event, the thinking goes, you can call them up the following day or week to instantly secure an appointment to do business with them. When this doesn’t happen, our erstwhile networker gets discouraged, concluding that she is just not a good networker, and that the people she needs to sell to just be going to the same “networking” events she is.

According to the Merriam Webster dictionary, a network is a “fabric or structure of cords or wires that cross at regular intervals and are knotted or secure at the crossings.” If we rewrite that definition a bit for sales purposes, we could say that a network is a “structure of people and contacts that cross at regular intervals and are secure at the crossings.”

Notice that this definition does not say anything about handing out business cards, giving elevator speeches, or closing business. Does that mean that networking is a waste of time or that you shouldn’t be doing these things?

Not at all. However, to reap the rewards, you do need to rethink your approach and expectations from your networking efforts. Building an effective network means making an ongoing investment in other people, without an expectation of anything in return.

“What”, you say? “That’s blasphemy! How can I spend time networking without getting anything in return?”

No – that’s not what I said. I said not to EXPECT anything in return. Your only goal for networking should be having other people view you as a valuable resource and as a part of THEIR network. Wow – when you start thinking of it this way, you can begin to see and reap the benefits of a strong network. Networks take time to build and nurture. In addition, just as in a direct selling situation, the most effective networkers focus on what they can do for the people they meet without focusing on what the other person can do for them. Over time, you build credibility as someone who truly cares about other people, is trustworthy, reliable, and a good person to know. That’s when the benefits begin to come back to you.

The real power in networking comes from understanding a simple fact; everyone you know and each person you meet knows on average 250 people. Your goal in networking should not be to get the people you meet to become your customers – it should be to become a part of THEIR network, and for them to become a part of yours. Every contact you make puts you at the reach of potentially another 250 people. Think of it as weaving an intricate web with many crossings. Every positive impression you make strengthens that web. As author Bob Burg puts it: “the true strength really comes though when we realize that all the people in our network are also parts of other people’s networks that we ourselves don’t personally know. And that, indirectly, makes each of those people part of our network too.”

So, how do you get started?

Here are some tips:

- Don’t approach networking with the expectation of immediate gratification; your goal is to meet people and to understand as much about them as you can.

- Don’t give people you meet for the first time a “sales pitch.”

- Don’t get discouraged if you don’t see things happen right away; true networks take time to build.

- Do ask questions about the other person.

- Do ask if you can stay in touch.

- Do send a follow-up note, and touch on a few things you discussed.

- Do take active steps on a regular basis to strengthen your network by both staying in touch with people you’ve connected with, and by finding ways to connect with new people.

- Do use networking as one of many tools in your arsenal for effective prospecting.

- Do actively find ways to make connections between members of your network – remember making more and more connections is what it’s all about.

- Do offer to do things for others in your network, even if there’s no immediate promise of reward or reciprocation.

Start changing the way you think about networking and before long you will start to see the positive impact it can have.



March 16 2009

7 Keys to Business Networking Growth

network
Phil Evans asked:


Referral networking in business is not going away. No matter how high-tech, plugged in, or globalized the world becomes, networking will be around forever. You need networking, and you need it to work for you. But as consumers, clients, customers, and executives all realize the power and usefulness of networking you are faced with the difficulty of discriminating how, when, why, and how much networking you should be doing.

For example, if you joined every networking web site there was, you could make a full time job of just filling out web forms. Or, if you attended every networking function in your industry, you would do nothing but eat, drink, and mingle.

So, what are you going to do. This article attempts to lay out seven keys to business networking growth.

1. Become the go-to guy for a networking question. As you begin to network, your circle of acquaintances grows. Your rolodex of numbers increases. And you start running out of room to put business cards. In time, you will build a reputation as a pretty good networker. Now and then someone may come up to you and say, “Hey, do you happen to know a good franchise consultant?” You dig in your drawer, whip out a business card and say, “Give him a call. I met him last March. Nice guy.” Bingo. You’ve scored a point. You’ve made a connection. And you’ve won some trust. Eventually, a few more people will come up to you and say, “Hey, I heard that you may know a good marketing firm…” And so it has begun. By and by, you will receive a certain degree of recognition as someone who is very well connected, knows a lot of people, and can point people in the right direction. But networking is a snowballing adventure. The more people you know, the more people you can get to know. The more people that come to you with networking questions, the more people you can find out about and get to know. Make it your goal to become the networking guru in your space.

2. Seek opportunities to help others. Helping people is at the core of networking. A networking attempt is so much more than a handshake and an exchange of a name card. It is so much more than accepting a connection on LinkedIn. The value of your network is not measured by the amount of names that you know, but by the amount of help you can provide. As you survey the networking landscape, don’t look at is as a host of names to know. Look at is as a host of people to help. After all, the only truly valuable networking will be from people whom you know personally and whom you have helped. Once you help people, especially in a sacrificial or altruistic way, you’ve won their trust. They have a degree of confidence in you. That confidence will translate into them recommending you. That is exactly what you want. That is the way to grow your network, and that is a crucial key to business networking growth.

3. Seek opportunities for others to help you. But it works both ways. Not only should you be helping others, but others can be helping you. If you need help, ask for it. Gaining help from others creates a human connection that can’t be gained any other way. Besides, you get to see the skills of another from a unique angle. You get to see how the person works. You get to experience their product. And you get to establish a mutual relationship of trust. That goes miles in the networking world. People willl remember those whom they help, and it is the perfect way to build a strong, lasting network.

4. Be everywhere often. Though it sounds daunting, it is possible to carve out a significant presence for yourself. The key word here is “strategic.” As I mentioned, it is an incredible waste of time to join every networking site out there. Though you will receive a plethora of invitations, be selective. Join only the ones that will best accomplish your purposes. It should be standard, however, to at least have a presence on LinkedIn, the current networking site leader. Other industry-specific websites should be consulted as well. In addition, attend several strategic functions as often as you can. Again, too much is too much, but make it your practice to be at the important ones as often as possible.

5. Know people well. When you meet people, remember their names and some specifics about them. Don’t be ashamed to write names down. You need to remember them. Carry around a pen and pad of paper, and jot down notes. Not just for names, but facts, too. When you pick up the phone to call that potential customer, it will go a long way to say, “By the way, how’s your mother-in-law? I remember you mentioned she had surgery last week.”

6. Host something. Be a networking leader and go ahead and host something. It can be as simple as a backyard barbecue for all the CFOs in your town. Or it can be as big as a golf outing for all the engineering firms. Either way, you can quickly become a networking mogul, just by organizing events. After all, once the event is over, you have a list of everyone who signed up–complete with numbers and all.

7. Finally, make it fun. Networking can be a fulfilling hobby. After all, you’re interacting with people. People can be a lot of fun. Face the challenge of being a networking guru, but make it an enjoyable and refreshing hobby.



March 13 2009

Networking Made Easy: Tips for a Fast, Successful Job Search

network
Michelle Dumas asked:


You’ve heard it before: at least 80% of all the jobs are found through the “hidden” job market, also known as the “unpublished” job market. These are jobs typically landed through word of mouth and referrals as opposed to the hit-or-miss method of answering ads, posting your resume to internet databases, or other techniques meant to target the remaining 20% of all jobs in the published market.

It stands to reason that if the vast majority of the jobs are to be found in this hidden market, that you should spend the majority of your job search time working to ***** it. But, as you may have reasoned already, accessing the hidden job market requires that you take charge of your search, reaching out and building strategic relationships, taking proactive initiative, and making yourself visible in the right circles.

That’s right. It requires that you use networking strategies. And, the thought of networking leaves many people feeling nervous and unsure. For an introverted or shy person, the idea of networking can even cause serious anxiety and fear.

What is networking exactly? If you believe, like many people, that networking is simply approaching everyone you know to ask for a job, it is no wonder you feel uncomfortable! That isn’t what networking is. True networking is about building strategic relationships that involve a win-win, reciprocal exchange of information, support, and/or referrals.

When defined in this way, networking ceases to be so scary. But, it also requires that you expand your view of networking. No longer is networking just something you do every now and then when you are conducting a job search; building and strengthening your network is something that you should be working at all the time. But, if you find yourself facing an immediate job search, and your networking skills are rusty, don’t fret. Here are some tips to get you moving.

1) When you first start out to build your network, it will be helpful for you to think of networking as a research project. Networking isn’t just about the quantity of contacts; it is about the quality. Don’t be afraid to reach out to decision-makers and people “in the know” within companies and industries of interest to you. These are quality contacts. Explain your career plans and ask them if they would spend 15 minutes talking to you and answering some questions. Most people will be flattered and say yes. When you do get in front of them, NEVER ask for a job, but DO ask for advice and referrals. These meetings are traditionally known as informational interviews.

2) As mentioned above, your networking efforts should emphasize building quality relationships. But, don’t discount the importance of quantity. As much as possible, you should also expand your network. Friends, relatives, people you went to college with, contacts you have made in your community, doctors, the salespeople you come into contact with…they are all part of your network. You won’t want to spend a large amount of time on this, but at least make a comprehensive list and call or send a letter reestablishing a connection, informing people of your search, and asking for advice or referrals. Again, notice that it isn’t about asking for a job. Just ask for advice and referrals.

3) Prepare, prepare, prepare for your networking meetingsespecially those that take the format of an informational interview. Prepare lists of questions about the company or the industry. Do your research so that you know something about the person you are meeting with and the company they work for (you might be amazed at what a simple Google search will turn up). For some people, role playing is helpful. If you are working with a career coach, this is something they may be able to help with. But a friend or close family member could also help you. There is no better antidote for nervousness than being prepared. 4) Getting out from behind your desk and making yourself visible is crucial. Join and then take part in events held by professional associations and other groups. Attend workshops and trainings in your field or industry. Attend job fairs to meet directly with hiring decision-makers. Volunteer your career-related skills in your community. If you are an expert at something, offer to speak on the topic to various groups. Job searching can be a time of anxiety and diminished self-confidence for many people, but don’t hide at home behind your computer. Get out and meet people.

5) Yes, I just told you not to hide behind your computer, but the internet will play a role in any comprehensive networking campaign. Creating and maintaining a blog on your area of career expertise is an extraordinary way to build your credibility and visibility. Social networking sites like LinkedIn, MySpace, and FaceBook are increasingly popular ways to expand your network. Consider writing articles on industry and profession-related topics and then offering them as free content to webmasters (make sure the article is credited to you and includes a way to contact you). You can also participate in online discussions on topics related to your career focus. Just remember that you shouldn’t “hide” behind a fake name like many people do. Your purpose is to expand your visibility and credibility, so you must use your real name.

6) Finally, show your appreciation and follow up on every single contact with a thank you note. True networking is based on cultivating and nurturing long-term relationships, so you should always be thinking of nice things you can do to show your appreciation, or ways that you could return a favor. Besides being common courtesy, your efforts in this regard will pay you back by further strengthening your relationships and helping to keep you visible.

Happy networking! Even if it feels a little uncomfortable at first, just get out there and do it. Make networking a part of your daily routine and plan to spend the majority of your job search time on networking activities (approximately three-fourths of your time is a good estimate). The more you network, the faster your current job search will come to a successful conclusion and the faster and more successful any future job searches will be.



Powered by Yahoo! Answers