NETWORKING: Get 70% of your business through referrals!

People who spend time networking, on average, are getting almost 70 percent of their business through referrals!

The most dramatic statistic found in a study on networking activities is that people who were asked said, “that networking played a role in their success” spent an average of 6.5 hours a week participating in networking activities.

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However, the majority of people who claimed “networking did NOT play a role in their success” spent 2 hours or less per week developing their network! If you ask me, the time investment is definitely worth making.

Actively networking with others means you invite those people to one or more of the networking organizations you belong to, and that you carry several of their business cards with you all the time, and above all, refer them whenever you have an opportunity to do so. Active networking also means having a reciprocal relationship with others.

Did you know that it is International Networking Week?

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International Networking Week® is an initiative of BNI®. International Networking Week® will feature a number of networking events across the world!

What’s it all about?

The focus of these events will be to bring together representatives of government, businesses and the community to network with each other, to understand the concept of good networking and to listen to talks by key networking specialists from across the world. These speakers will offer advice and information on how businesses can grow and succeed through good networking practices.

Invitations to attend are open to the wider business community, members of other networking organizations, students, press representatives and interested parties from all levels of government and business. The purpose of International Networking Week® is to raise the profile of networking in the wider community, recognizing it as an essential tool for success in today’s business climate. (More here)

How much time are you currently spending on networking each week? Do these statistics make you want to devote more time to networking?

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You can also join me here on our LinkedIn Group, “Micro-Entrepreneurs Networking Group” here.

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