Top 8 Benefits of Networking

Updated 23/10/2023

Wizu HQ have a few very exciting networking events lined up in the upcoming weeks. Not sure what networking’s all about? How it works? How you and your business can benefit from it? We’ve got the top 8 benefits of networking just for you!

Connection

In business the phrase, “its not what you know, its who you know”, is so incredibly true. If you want a successful business, you need a bank of good, reliable, relevant connections in your network that will help you when its needed.

Networking is a great source for getting those all important connections, and it really opens the doors to enable you to talk to highly influential people that you wouldn’t otherwise easily find.

Generation of referrals/increased business

95% of the time, referrals that you get through networking and are high quality and pre-qualified for you. This allows you to quickly follow up these referrals and hopefully turn them from leads into clients.

Raising Your Profile/Opening Doors to New Opportunities

If you own a business and are attending a networking event, you’re obviously wanting to make a statement and get your both you and your business out there. This is one of the biggest perks of networking, you can help build and shape your reputation however you want. Offer people tips and useful information to those who need it. This will most likely end in you generating more leads and referrals as you will be the person popping up in peoples heads when they get an enquiry about a specific job in your sector.

Advice

Being surrounded by like-minded business owners also gives you the opportunity to get advice from them on everything related to both your business and personal life. Networking is inevitably a great way to tap into advice and expertise that you wouldn’t otherwise be able to find.

Satisfaction of Helping Each Other

If you’re anything like us at Wizu, you love helping others. Networking is one of the easiest ways to do this, as it is full of business owners that have problems that need solving, some of which you may have experienced yourself. This makes you a credible attribute for advice on this particular subject.

Positive Influence

Always make sure that the people who you start networking with are genuine and positive. People you hang around with generally influence who you are and what you do, so it is important to be surrounding yourself with positive people that want to help you grow and thrive as a business owner.

Increased Confidence

Regular networking and constantly pushing yourself to put your best, professional foot forward and talk to people you don’t know will rapidly increase your confidence. As a business owner this is incredibly important because your business growth is dependant on talking to people and making those all important connections.

Exchange Fresh Ideas

Most of us try and stay up to date with changes in our fields that may massively impact the growth of our business. By talking to professionals alike you could gain a wealth of knowledge on subjects you want to know more about.

By being on the receiving end of these fresh ideas allows you to introduce new things into your workplace that could move your business in a positive direction. It also helps you stay on top of changes in the industry which will help your professional growth.

Interested in networking? Why not give one of our events a try? Click here to get in contact and find out more!

FAQs

Is networking only for extroverts?
No, networking is for everyone. Introverts can network effectively by finding the right events and taking small steps to connect with others.

How can I network online?
Online networking through social media platforms and professional networks like LinkedIn is a great way to connect with people globally.

What’s the ideal size for a professional network?
It’s not about the size but the quality of your network. Focus on building meaningful connections rather than amassing a large number of contacts.

How do I maintain my network?
Regular communication, attending events, and offering help to your contacts are key to maintaining a strong network.

Can networking help in changing careers?
Absolutely, networking can expose you to new career options, provide guidance, and help you make a successful transition.

Is it necessary to attend networking events?
While physical events can be beneficial, online networking has become equally important, offering convenience and access to a broader audience.