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The Wrong Way to Network

By
Real Estate Agent with Remax First Realty II 0790808

Do you network?Wayne makes it a part of his routine to attend various Chambers of Commerce meetings, independent networking meetings and real estate investor networking events. He also belongs to a BNI Chapter.  

The main idea of all this networking is to make myself known to the people I meet so that they know what I File:Neural network.svgdo.  But that's not enough, I also make a point to get their business card and try to arrange a coffee or lunch meeting with them.  The purpose of those meetings is not to tell them about me or my business - it's about them and their business.  I want to find out what they do, how they help their clients, what service they provide.  In the back of my mind I'm thinking I may know a client or colleague (or possibly even myself) that could benefit from their product or service.  I do this by asking questions about how what they do impacts the local community, how they service their clients, how long they've been in the business.   I'll also make it a point to find out about their family and hobbies to keep it on a personal level as well.   I even take notes.

I was really disappointed by a meeting that I attended this morning.  For several days a nice man I met at a networking luncheon had been calling me to schedule a meeting.  I told him I could spare 30 minutes this morning at 11am.  He said fine, and we arranged to meet.  

At 11am sharp I arrived and he, we'll call him Tony, proceeded to setup his laptop and showed me a video presentation that was a sales pitch for a pyramid type of business.  On the surface I sat there and smiled but inside I was seething.   How dare he waste my time and energy to try to sell me something?

I was polite.   I let the presentation finish and then with a smile Tony said, "So, what do you think?  Do you want in?"  I took a deep breath, looked him directly in the eyes and said: "Tony, I think that you're a nice guy, and I agreed to meet with you because I believe you're a good person.  But do you really attend these networking events to sell to the people you meet there?"   He looked  at me, not knowing what to say.

I let him know that if he really wants to be a successful networker he needs to think about what he's doing.  When you're at a networking event, you have to realize that each person there personally know's at least a few hundred people.  Wouldn't it be better to build a solid relationship with that one person, over time.  And then without even trying, that person will end up referring business to you from their sphere of influence because of the relationship that they have with you.  

Tony said "I only do this part time as a way to enhance my income."  He was really flustered.  

I stood up, shook his hand and told him to think deeply about what I said.  I reiterated that I believe he's a nice person and I hope that he's successful in what he does, but I stressed that he spends his time building the relationships, not the business. 

So the moral, if there is one, is that a strong relationship built through networking can lead to multiple referrals, maybe even dozens or more.  That's way better than a single sale.  So don't make it about you, unless they ask about you.

Happy networking!

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~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Outstanding Post!

Reminds me back of my networking days on the east coast.

Yes, we had the MLM people also, most of them were pleasant and some up to no good...you could sniff the questionable ones out fast, you get a sense after a short time.

Very few MLM business people pane out, it's unfortunate, but it's the way it is. 

Your so very right on the purpose of networking.

                               

Jun 24, 2012 09:09 PM
Jim Smith
The Property Management Company - Round Rock, TX
Broker,CRS,GRI,RMP,CNE,TRLP

Good observations!  BNI has some very good tools to teach and assist with networking.  I am surprised how few people, even within the BNI network, utilize the questionaire and biography when doing one-to-ones with others.  Bottom line:  most people don't want to do business until they know and trust you.

Jun 24, 2012 11:30 PM
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Jean Marie~ I've never been very good at networking and it's something I would like to change.  Thank you for sharing some good advice and tips on good networking.  

Jun 25, 2012 02:45 AM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

Networking properly is an art. It can't be about "you." Great advice. I am not in love with networking, but done with thought and skill - it can work. I don't attend the normal Real Estate networking events - too many Real Estate people crawling through the rank and file. It turns me off and makes me feel embarrassed.

Jun 25, 2012 03:04 AM
Beth and Richard Witt
New York, NY
The best Retired Brokers !!!!

Good advise... and just for the record we made a small fortune years ago in a network marketing company called "The Cambridge Diet"... 

Rich is very involved in networking and meets all kinds of great folks and for sure drives a lot of business to the company...

You have a great evening...

Jun 25, 2012 07:34 AM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Wayne I hope he took your advise.   If you can't do networking right it would be better not to do it.

Jun 25, 2012 02:13 PM
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Wayne & Jean - that is exactly what networking should be. We do lots of it and when someone tries to sell me, it definitely turns me off.

Jun 25, 2012 09:32 PM
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

Suggested.  Unless you have a working relationship with someone, how would you know how they are to work with?  Are they conscientious, do they have follow-through.  Don't "sell" me, allow me to make up my mind to want to buy.

Jun 26, 2012 04:57 AM
Becky Lund
Lyon Real Estate - Fair Oaks, CA

What sage advice. I think that new entrepreneurs always have this problem. It is the more seasoned veterans that have learned to sit back and cultivate the relationships.

Good reminder on what not to do!

- Becky

Jun 26, 2012 05:27 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

I was in a BNI group for three years and decided not to continue.  Yes, I made lasting relationships, and continue to give business to many of the members, but not a whole lot of business came my way as a result of the group.  I love your response to Tony...hopefully he thought about what you said and learns from it.

Jun 26, 2012 11:32 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Network marketing, such a tough way to make a living, so much time and money spent on an overpriced product.  I always feel so sorry for the desperate people trying to sell these "opportunities".

After reading this I checked to see if BNI had a group in our town, and they do, all local businesses and only 1 network marketer.

It was good that you were patient with this fellow, and at least you let him practice his presentation before letting him know it wasnt for you.

Jun 27, 2012 09:22 PM
Bud & Beth McKinney
RE/MAX UNITED - Cary, NC
Cary/Raleigh/Apex NC - The Team That Cares, RE/MAX United

What an interesting fellow he turned out to be. These are some really great words of advice and if I ever come into the same situation, I would be glad to pass on these words from you. I agree with Bob. It is much more professional to be patient and understanding than to be outwardly frustrated.

Jun 28, 2012 07:01 AM
Raymond Edler
Keller Williams Realty Dallas Fort Worth 214-552-2091 - Prosper, TX
#1 Real Estate Office in DFW

Nice to make it about them and not about yourelf.   The natural progression will always come back to you anyways.  Thanks for sharing!

Jul 19, 2014 02:02 AM