12 modern tips for building business relationships
As digital landscapes evolve, so do the strategies needed to build and maintain effective business relationships. Networking is no longer confined to handshakes and business card exchanges at conferences; it extends into the virtual world, where first impressions and ongoing interactions occur online.
This article explores modern tips for effective networking, providing professionals with the tools they need to thrive in this new era.
1. Understanding the New Networking Landscape
The rise of digital communication tools has fundamentally changed the way professionals connect. Traditional networking events have been supplemented — or in some cases replaced — by digital platforms that offer new opportunities and challenges. This shift demands a new set of skills, emphasizing the ability to navigate online environments effectively.
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“The ability to adapt and use digital platforms can broaden your reach while opening up a plethora of opportunities that were previously inaccessible,” emphasizes Viktor Sobiecki, Chief Technological Officer of Digital Forensics Corp, a company that advises on how to protect yourself from disgruntled employees.
Professionals must remain agile, learning to use these tools to engage meaningfully with their peers. Whether mastering LinkedIn algorithms or participating in Twitter discussions, the networking landscape requires a proactive and strategic approach.
Linked content is for informational purposes only and should not be construed as legal advice.
2. Creating a Memorable First Impression Online
In digital networking, making a memorable first impression is a top priority. You can put your best foot forward by mindfully creating your social media profiles, taking professional headshots, and sharing insightful content that reflects your expertise and values. The goal is to stand out in a sea of digital profiles by clearly communicating your value proposition.
“A strong online first impression can make or break your bottom line,” notes Brittany Blass, GM of Medicine Mama. “It sets the stage for future interactions and can significantly influence the perception others have of your credibility and expertise.”
Beyond visuals, you should tailor communication styles to different platforms. Understanding their nuances and keeping them in mind can dramatically enhance the effectiveness of digital first impressions.
Linked content is for informational purposes by the contributor. Supplements are not evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.
3. Leveraging Social Media Strategically
Social media platforms offer many networking opportunities, but their effectiveness depends on how strategically you use them. For professionals, this means selecting the right platforms based on your industry and goals while engaging with content that enhances your professional image.
“Regularly updating your profile with relevant, high-quality content and actively participating in discussions can significantly increase your visibility and establish you as a thought leader in your field,” says Francesco Gatti, CEO of Opensend.
Beyond posting, it’s also important to interact thoughtfully with others’ posts and build genuine relationships. Responding to comments and sharing other users’ content can strengthen connections and improve one’s reputation within professional communities.
4. The Importance of Personal Branding in Networking
Personal branding is critical in networking because it defines how professionals are perceived in the business world. A strong personal brand communicates expertise, values, and personality, making it easier for others to remember and refer to a professional. This branding extends across all networking touchpoints, from social media profiles to email signatures and beyond.
“Personal branding is not about selling yourself but clearly demonstrating your unique value proposition,” stresses Kim Wileman, Founder and CEO of No Makeup Makeup. “It’s about making sure that every interaction reflects the professional image you want to project.”
Effective personal branding involves consistency in messaging and aesthetics, making sure that every piece of content shared contributes to a cohesive image. This consistency helps to build trust and makes a professional more memorable, which is essential for successful networking.
5. Building Relationships Through Content Creation
Content creation is a powerful networking tool because it allows professionals to share their knowledge and gain visibility. By creating and distributing valuable content, such as articles, blogs, or videos, professionals can attract a wider audience and initiate conversations that may lead to meaningful business relationships.
“Social media has the power to transform small businesses into multimillion-dollar enterprises overnight. This overnight success is usually the result of months — if not years — of creating consistent, targeted content. That is, content that tells your target audience what they need to know about your product or service in a persuasive and engaging way,” Phoebe Dodds, founder of Social Capital, wrote in Harvard Business Review in 2022.
You can leverage content creation to engage directly with influencers and industry leaders by citing their work, responding to their content, or even collaborating on projects. These interactions, facilitated by a mutual exchange of value, are likely to result in stronger and more productive professional relationships.
6. Networking at Virtual Events and Webinars
Virtual events and webinars have become staples in the networking world, especially as professionals seek ways to connect during times when in-person interactions are limited. To network effectively in these settings, you’ll want to actively participate, such as by asking questions, joining breakout rooms, or engaging in event-specific forums and chat groups.
“The advantage of virtual events is the accessibility and range they offer, allowing professionals to connect with peers globally without the constraints of physical location,” points out Bill Polese, Head Of Sales at LexCheck, a company known for their AI contract review software.
The key to success in virtual networking is follow-up. Sending personalized messages or emails referencing specific discussions or shared interests from the event can solidify new connections and open doors to further communication.
Linked content is for informational purposes only and should not be construed as legal advice.
7. The Role of Follow-Ups in Effective Networking
Speaking of follow-ups, they are a critical component of networking that can significantly influence the development of business relationships. From simple thank-you messages after a meeting or more detailed emails proposing a potential collaboration, follow-ups show professionalism and genuine interest.
“Timely follow-ups keep the conversation going and demonstrate your commitment and reliability to potential business partners or mentors,” says Natalia Kuvelas, Marketing Manager of Custom Goods.
Effective follow-up requires a delicate balance. Send your follow-up promptly to keep the momentum going while ensuring they’re thoughtful, adding value to the interaction rather than just serving as a reminder of the initial connection. This personal touch might include sharing an article relevant to the discussion, suggesting a mutual benefit, or setting a date for a future conversation.
8. The Power of Diverse Networks
Diversity within a professional network can drive innovation, offer fresh perspectives, and open up new markets. Building a diverse network involves actively seeking out and engaging with people who have different experiences and viewpoints.
According to Joe Roetheli, CEO of Pet’s Best Life, a company that strives to make the best dental chews for dogs, “Diverse networks can expose professionals to ideas and strategies that are outside their usual scope, which can significantly enhance problem-solving capabilities and creativity.”
To cultivate a diverse network, professionals should participate in various industry groups, attend different types of events, and use networking platforms to connect with people outside their immediate circle. This intentional approach can broaden your professional horizons and strengthen your network by making it more comprehensive.
9. Collaborative Networking for Mutual Benefit
Collaborative networking involves forming partnerships where both parties can benefit from each other’s resources, knowledge, and networks. Collaborative efforts are particularly effective in projects that require a diverse set of skills or extensive industry knowledge.
“When professionals join forces, they leverage their combined expertise to create greater value than they could alone, often leading to innovative solutions and business growth,” says Justin Soleimani, Co-Founder of Tumble, a company that specializes in washable rugs.
Professionals looking to engage in collaborative networking should identify potential partners who complement their own skills and goals. Initiating a project, even on a small scale, can build a foundation for a longer-term business relationship.
10. Maintaining Long-Term Professional Relationships
Sustaining long-term business relationships is just as important as forming new ones. Enduring relationships can provide stability, ongoing support, and significant career or business opportunities. To maintain your professional relationships, you should keep in touch regularly, share useful information or opportunities, and provide support when needed.
“The biggest deals have always been made behind closed doors with no fanfare as relationships had been cultivated over time,” Jon Michail from Image Group International wrote in Forbes in 2022.
Effective relationship maintenance often involves remembering and acknowledging important events, such as business milestones or personal achievements. This thoughtful engagement demonstrates a personal commitment to the relationship, fostering a sense of mutual respect and appreciation that is fundamental to lasting professional connections.
11. Ethical Networking: Building Trust and Credibility
Ethical networking is about forming connections based on trust, respect, and integrity. In a business environment where short-term gains are often pursued at the expense of long-term relationships, ethical networking stands out by prioritizing honesty and fairness. This approach ensures that all interactions and transactions are transparent and mutually beneficial.
“Ethical considerations in networking are fundamental, not optional,” shares Brianna Bitton, Co-Founder of O Positiv, a company known for their women’s vitamins. “Trust and credibility are the cornerstones of any successful business relationship, and maintaining these requires an unwavering commitment to ethical practices.”
Adhering to ethical standards in networking involves respecting others’ boundaries, honoring commitments, and communicating openly. By consistently demonstrating ethical behavior, professionals can distinguish themselves in their field and foster a network that values and promotes these same principles.
Linked content is for informational purposes by the contributor. Supplements are not evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.
12. Measuring the Impact of Your Networking Efforts
To ensure the effectiveness of your networking efforts, you need to evaluate their impact. Set specific, measurable goals at the outset and periodically review the progress made towards these goals. Metrics might include the number of new relationships formed, the quality of interactions, or the direct business outcomes resulting from networking activities.
Greg Hannley, Founder and CEO of Soba Texas, shares, “By setting clear objectives and regularly assessing progress, professionals can adjust their strategies to maximize the effectiveness of their networking efforts.”
Professionals should use feedback from their network to refine their approach so that their activities align with their professional objectives.
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Build Your Network
Networking in the modern business world is an art and a science, requiring strategic thinking, ethical practices, and a commitment to maintaining meaningful connections. It’s also crucial to regularly evaluate the impact of networking efforts and remain adaptable to the ever-changing dynamics of professional interactions.
With these modern tips for building business relationships, professionals are well-equipped to navigate the complexities of networking and achieve their career and business objectives.
Lee Enterprises newsroom and editorial were not involved in the creation of this content.
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