Issue #23 How to avoid being mind-numbingly boring (networking)

Table of Contents
    Avoid Being Mind-Numbing Boring (Networking)
    Preview 96
    How to stand out in a crowd.
     ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
    How to start, grow and manage a business by RedSapiens.

    (Was this issue forwarded to you? Sign up here to get The Report on Mondays.)

    Issue #23 How to avoid being mind-numbingly boring (networking)
    August 17, 2021

    Imagine a room of about 30 people, standing in a circle.  

    Now imagine that I tell you it is a networking mixer.  

    Can you guess what comes next?  I’ll give you a second to think about it.

    See if this sounds right: The leader talks about themselves and what they do. She says that everyone should introduce themselves in 30 seconds. Then the next person introduces themselves and takes 5 and a half minutes.  

    Then the next person.

    And another.  

    They all start with “my name is”, add an “I am a” and then start telling a story about a client.  Then they end with “I would appreciate introductions to ”.  

    This is a true story. I was number 16. Number 15 almost had to elbow me out of my bored stooper.   

    I couldn’t remember what anybody did. There were a few real-estate lawyers, an insurance somebody, and even this list is boring me.  

    So, I did something different; I started with the problem I solved.  

    And amazingly the whole room erupted with furious disapprobation: “You must start with your name and what you do,” they cried.  

    They were not going to let me paint outside the lines… no siree. This was crowd-enforced tedium and obligated monotony.

    On the other hand, all night long people wanted to learn about how I solved the problem and when I could do it for them so… something worked.  

    The lessons I learned

    First: you should follow some of the rules – it was too distracting for people not to hear my name and what I do first.   

    Second: people remember the problem you solve, not what you do. Nobody can remember the name of yet another real estate lawyer, but everybody remembers the person who solves a problem.  

    What I did about it

    I created my 30-second pitch guide, which starts with your name and your title but guides you to say something interesting so that people remember you. Sound interesting? Join us for our free webinar on how to create your 30-second pitch on August 24th at 1 PM. Register here.  

    And, if you can’t wait to see the template… Insiders can download it here.


    Networking is about relationships
    One key thing to keep in mind about networking is that it isn’t about selling.

    It is about creating relationships. The idea is that people do business with people they know and like. So you have to get to know and like people.  

    Diane Darling, a networking expert and founder of Effective Networking, Inc. puts it this way: “The real definition of networking to me is building relationships before you need them.”

    This means: networking is a terrible marketing and sales strategy.

    For sales, now build your customer journey and your funnel. The problem with networking comes when you expect sales from every meeting… it just doesn’t work that way.  

    Here is a nice article from INC on the topic.

    Case Study: Business Model Innovation

    Not to change the subject but, on a completely separate topic, here is an article on building a business based on an innovative business model.  

    Why this is interesting: Think about how important the business model is. Many businesses produce Kombucha, but different business models create interesting opportunities.

    The traditional model: Kombucha producers produce Kombucha to sell through grocery stores.  The value proposition, in this case, is “we have a great oddly flavored drink.” Costs are production and revenue comes from retail or distribution sales. Relationships are with the channels, not the customer. Value comes from better production.

    This innovative model: Bucha Brewing created a “make your own” Kombucha subscription (and are doing well with it).

    The value proposition is now: “we enable you to make your own oddly flavored fermented drink that you can oddly flavor however you please.”

    They sell the equipment and ingredients, rather than produce the final product. There is no channel layer: the business builds on the relationships it has with its customers.

    Value comes from understanding and meeting customer needs, not production.  

    Why you care: It is important to understand your business model and your value proposition. This is key to ensuring you take the right actions and build the right relationships.

    Also, through reviewing your business model you may find opportunities to innovate.

    Learn more about business models here.

    From Around the Web

    Useless procrastination: Wherever you put your cursor on this website it will show someone pointing at your pointer. Move your cursor around and see if you can get the same image to show up twice — your welcome.  

    Hey Kyle: This one is for you. The town of Kyle, Texas, would like you to help them break the world record for the largest gathering of Kyles on September 4. (Astounding because it means that there is already a record of Kyles gathering.)  

    Oddly relaxing: Check out this matchstick animation.  It is oddly intriguing. I also find it motivational: how awesome would it be to have enough free time to do something like this?

    Join our Founder’s Circle!
    Success loves company!

    We believe that business is an infinite game and that we are better off sharing ideas.  Invite your friends, colleagues, and neighbors –  let’s get smarter, more creative, and more successful together.

    Click here to forward this email to a friend and help build our community…

    If you forward it to five people you will become a founders circle member, with your name listed on the page and an opportunity to share your content. We’ll also come up with some other amazing stuff to give you…

    Thanks for your support!

    link tracker?notrack=1&nl=8&c=227&m=690&s=bad97c655476f96a390a72c05a742011&l=open&account=redsapiens.activehosted
    Email Marketing by ActiveCampaign

    Similar Posts