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“Networking is an essential part of building wealth.” Armstrong Williams
BC (before Covid) I used to attend a fair number of networking events. There were fabulous breakfasts at Morgan Stanley (thank you Sarah Beane Ricca CFP®, CDFA®, lunches, dinners, cocktail parties, boat trips etc. I learned a lot about networking, and how to be strategic with the events and connections I made. I also observed a few obvious errors in etiquette. Are you committing any of them?
1.Rattling on and on is the number one offending behavior. This isn’t the place for giving your elevator pitch, yet that’s exactly what several people were doing. Or else they were launching into long stories and monologues, never coming up for air. Trying to sell someone something during your first conversation is like planning your wedding during a first date. Don’t do it, and don’t let others do it to you. The fix: listen more than you talk, ask questions and be present.
2.Scanning the room while having a conversation with someone is just plain rude. And apparently it happens to the best of us-this from Richard Branson, of all people: “I sometimes come across people in business, especially if they have been fortunate enough to have some success, that are very fond of their own voices. After saying their piece, they visibly switch off from what others are saying, offering a perfunctory nod or fiddling with their phone, rather than making eye contact and really engaging. Conversely, the most successful entrepreneurs I know all have excellent listening skills in common.”
3.Making little or no effort to engage in conversation, which is the opposite of number 1. If you find yourself getting nowhere fast with someone, move on. If someone isn’t willing or able to meet you half-way in small talk, you don’t want to be doing business with them anyway. And don’t feel that you have to come up with an excuse for breaking away; simply say “Good to meet you.”
When the time comes (and it will) to return to live events, things will have changed and we’ll need to adjust. My best guess: we’ll need to dust off our business cards, wear what are called “power colors” in order to stand out visually, and pick up the phone to follow up. If your event has a speaker, always ask a question or two- again it allows you to stand out, and be heard.
