Are you starting a new business? Or maybe you already have a small business? Whichever is the case you will no doubt have made business plan, forecast your cash flow and probably frightened yourself as to where all your money has gone.

In order to generate new business it’s essential to market your business and certainly this can be a very costly business. Advertising is seriously expensive and in my mind it works best for those already with an established brand because it’s about recognition and repetition, so unless you’re already in the league of Coca Cola it’s probably not a good solution.

Business networking is not about a closed shop where everyone gives each other work, it’s much more powerful than that. It’s fundamentally about the act referring business to people that you have grown to know, like and trust, and for them to do the same for you.

It is not a well known fact but 70% of new business that your company gets is through word of mouth. Networking allows you to formally explain what your business is about and as fellow networking business people get to know you so you will naturally start to win new sales leads because people like to pass business to people that they know.  Simply attending a networking event will raise your profile especially if you network on a regular basis.

Not only do you have the opportunity to present your business, you also get to meet with a lot of business people from other walks of life that will inevitably be able to help solve some of your problems. And you will be able to do the same, it’s all part of the relationship building process and at the end of the day it’s this relationship that counts when recommending someone’s services.

You’ll also get to know an awful lot of people that will be able to help you when you have a problem. Have you ever picked up the yellow pages and looked for a particular service? How do you choose? It really is hit and miss. By getting to know reliable contacts who can provide you with what you want and who can be trusted is worth so much in terms of your time and money.

Likewise, if there’s no one in your network who can help, the chances are that someone knows someone who can and will recommend them. Suddenly you find that your business is moving forward at a much more rapid pace. Your confidence will soar!

Sharing experiences is also part of the game. Just talking to people about their experiences, their goals and their problems will stimulate lots of new ideas and open your mind to new opportunities. All of a sudden you have a completely new approach to doing something or even a new business venture that you may never have otherwise thought of.

Last but not least it’s amazing how much satisfaction we all get from helping others.

There are many business networking techniques to learn in order to make the most of this style of marketing but once you’ve understood the basics, give it a little time and I’m sure that you’ll soon understand the true power and benefits of networking.

Based in Houston, TX, Simplified Business Technologies brings over 10 years of information technology experience and support to its small and medium business customers all across the United States.

A clearly defined strategy guides our business model. By always adding new products and services Simplified Business Technologies is able to successfully solve the technological problems faced by our customers.

Think of Simplified Business Technologies IT expertise as the link between fiscal prudence and operational efficiency. Whether you tap into our managed services, or whether you need us for the long haul or a short-term project, Simplified Business Technologies is always an asset to your business. Let us show you how to outsmart your competition without outspending them.