Top 5 Benefits Of Business Networking

Networking in business can mean two things.One is, of course, the quantitative technical aspect of installing an efficient system of Local Area Network (LAN) in your office or a Wide Area Network (WAN) among your various branch offices. A systematic and technologically sound network has a very big role to play in creating streamlined processes, better management of data and user-friendly accessibility for employees in your business.But in this article, we are going to talk about the top 5 advantages of the equally important qualitative aspect of networking in business – which includes networking with other business owners, customers, dealers and peers.Especially for small and growing businesses, which do not have a marketing department or lots of money to spend on advertising, networking can be a key for expanding the business. For the CEO of a small business, investing in networking often serves as the biggest gateway to getting leads, referrals, new business and contacts. Let’s take a look at the top 5 advantages of networking in business:1. You get a feel for the local business environment
Especially in the context of your own small business, it is vitally important to understand how the local market behaves, what are its key demand areas and its most effective price points keeping in mind the demographic and psycho-graphic profile of the area. Networking with other peers in your local business area and associations of local business owners and customers helps you get a clearer picture of the demand and supply graph of your local business area.2. Keep updated with the current happenings in the local business environment
No business can grow in isolation. Networking with other business owners and associations helps you keep updated on the latest local business news, new regulations, incentives or tax reliefs offered by the local government to small businesses and the changing customer demands.Besides, it is important to have updated knowledge of current business trends to be able to spot emerging business opportunities. You can accordingly fine tune your business plans and marketing strategies to make best use of the developments.3. Gain qualified leads and referrals
It is said that, on average, 70% of all new business is gained through word of mouth and positive recommendation. Irrespective of how much money you invest in advertising or marketing, the best way to increase your business is by getting solid referrals or sales leads that come from known contacts.Once you build a network of good, reliable contacts, you will find your contacts passing on business leads to you, which you will be able to close more quickly than those coming from advertising. People like to refer those whom they know, like and trust.4. Get useful business tips and advice
A good network of contacts is like an investment in executive coaching. You will find that the best business advice and tips come to you from your contacts. People with whom you have built positive relationships would gladly pass on effective and honest advice to you.Especially your peers or business owners who are in non-competing businesses are great sources of useful tips. One proven way of building a great network of contacts is to join a CEO club or CEO association where you can interact with experienced peers and business owners on the problems you are facing or the strategies you would like to apply.Networking with peers in a CEO group or CEO club who will give you sound and honest advice is one of the best ways of receiving helpful business insights. Your contacts and peers may have experienced similar problems to yourself and can point you in the right direction.Also, make it a regular exercise to attend relevant business seminars and conferences where you can establish a number of potential new contacts.5. Unlock new business opportunities
Building a growing network of business associates, business contacts and peers is like opening yourself to a larger world of new ideas. You may be running a small business but that does not mean you should limit your ideas, vision and plans for your business within narrow confines.As you meet with new business contacts, you will be amazed to find yourself being exposed to new business ideas, new market possibilities and new potential for expansion which you otherwise may not have thought of.Business networking helps you in many other ways. It develops your communication skills and confidence in meeting with new people. Besides it also gives you unique opportunities of being of help to others, just as others have been to you. It may hold the key to your business’s expansion and success.

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Five Things to Think About Before Starting a Photography Business

If you’re reading this article, odds are someone has told you that you take really great pictures and you should start up your own business. It’s exciting to think about turning your passion into your full time job, but before you jump head first into this endeavor here are a few things you should think about.1. Picture yourself as a business ownerIt’s thrilling to think about being a photographer, but have you thought about being a business owner. What most people don’t know is that only about 10%-20% of your time is actually spent taking photographs. That other 80% or more is spent actually working on your business. Whether it’s dealing with paperwork, doing the accounting, creating marketing pieces, dealing with disgruntled customers, or updating your website, these are not the tasks most aspiring photographers dream of doing, but they are a crucial part of staying in business.If you haven’t thought about this yet, take a few minutes to do so. Would you be happy keeping track of your sales and taxes? Would you have fun working on marketing pieces for your business? How much would you enjoy dealing with customer queries – even unpleasant ones? All of these things are part of owning a business and part of a photographer’s everyday job.2. Think about what kind of photography business you want to haveIf you are contemplating starting a photography business, I’m sure you love taking pictures, but have you thought about what you really love taking pictures of? There are so many different specialties you can focus on in this world. There’s wedding photography, senior photography, newborn photography, family photography, sports photography, and a slew of other focuses as well.It is often encouraged that you select a specialty or one area that you focus on. The benefit of doing this is that it makes it far easier for you to find your target market to advertise and promote yourself. But determining what your favorite thing to shoot is can be difficult. So take some time to think about what you really enjoy documenting.3. Think about time and moneyThis is another side to the business that is easy to not even think about. Take some time to write down all the business expenses you think you’ll have starting out. This would include things like: camera equipment, website domain, website hosting, website design, logo design, filing with the state, sample products, software… As you can see this list can become quite extensive and the numbers can add up very quickly. But it’s much better to go into starting a business having an idea in mind of what it’s going to cost you.Equally important is considering how much time you will spend working in and on your new business. Starting a business can be incredibly time consuming. If you already have a full time job and plan to start your photography business on the side. It’s good to set boundaries for how much time you will spend working. It’s far too easy to get caught up in this exciting new adventure and let time with your family and loved ones fall by the wayside. So be sure you are ready to invest more hours than you expect into this business.4. Talk to other business owners about their livesIf you want to gain a real perspective on what owning a business is like talk to a small business owner in your area. It doesn’t necessarily have to be a photographer, though their insights would be most relevant, any business owner can give you a perspective on what it’s like. Take them out to lunch and pick their brains. Ask them what their average day is like as a business owner. What their favorite and least favorite things about owning a business are. What they would do differently if they could start all over again. All of their thoughts and opinions can help give you a better idea of whether or not this is the right choice for you.5. Come up with a Business PlanYou’ve thought about it all, the time and money you’ll have to invest, the struggles you may encounter and the type of photography you’d like to shoot and you are ready to start moving forward with your new business. The last step of thinking about it and the first steps towards building your company are to create a business plan. It is the one step that is so often overlooked but the one that makes the biggest difference in developing and growing your business.A business plan is basically a formal statement of business goals, the reasons they are believed attainable, and the plan for reaching those goals. It often also contains background information about the organization or team attempting to reach those goals. For example, my business plan is “Green Tree Media Photography helps our preserve memories and captures the soul and essence of our families, seniors, newborns, and couples. We thrive on repeat business by developing relationships with our clients and providing exceptional care and unique and beautiful art pieces for their walls and home, while maintaining a strong and healthy relationship with our family and loved ones.”As you can see – I’ve outlined what I like to photograph, the type of service I plan to provide, how I plan to do it and because my husband and family are important to me I’ve included them in my business plan as well. This serves as a constant reminder to me of where I’m heading, what I need to do and what’s most important. Your business plan, of course, evolves with your business, but it can be incredibly beneficial to head into the game with a business plan in mind.So there you have it. Five Steps for Starting your photography business. Now you may have noticed that the first four steps were more about thinking and preparing than actually taking action, and there is a reason for that. It is so easy to jump into business too quickly and to let your excitement get ahead of you. At this point in time, many photography businesses are failing in the first 2 year of business. So to avoid adding yourself to that statistic, take the time to think through all the facets of owning a business so you can make the best and right choice for you and your family.

Elite MLM Business Marketing – Learn the Online Secrets of the Top MLM Business Marketing Pros

It’s a well known fact that the network marketing industry has a 90% failure rate. Why is that? How can you have one of the fastest growing industries on the planet have such a high rate of failure? Well, there are a few reasons, not the least of which is that the MLM business marketing training is weak across the board. The MLM business model tends to attract people who don’t necessarily have the MLM business marketing and promotional skills to make it successful. And unfortunately the MLM business training often fails to fill in the gaps. This article explains the cutting edge online MLM business marketing secrets that top producers are using and not necessarily teaching. This is most certainly the direction this industry is going, now and into the future.Elite MLM Business Marketing – Why Is MLM Business Marketing So Important?Not everyone understands that network marketing is a business of marketing and promotion, which tends to attract people who don’t know the first thing about either. Again, if the training provided were a little more complete this might not be such an issue, but a lot of MLM companies sign people up, tell them to make their list of people they know and “go to it”. Knowing that, is it any surprise that 90% of people fail?Network marketing is a numbers game, period. The professional MLM business person’s primary role is to get out and make it known that there is an amazing product/service and business opportunity available. The more people you put that message in front of, the enrollments you see. It’s that simple. And if you can put it in front of more QUALIFIED people, your percentages and chances for success improve dramatically. The extent to which a person is able to accomplish this main task will determine their level of success. If a person becomes an expert at sorting through the numbers, they will be successful in this industry and build a powerful residual income.Elite MLM Business Marketing – The Secrets That Don’t Get TaughtWithin the last few years there have been a few pioneering individuals who recognized the power of technology and the internet to help with this problem of numbers. They figured out that they could leverage the power of these tools to put their message in front of thousands of people, on autopilot.Once again, it’s unfortunate that this knowledge is not anywhere close to mainstream. In fact, many upline leaders will steer their team away from these amazing leveraging tools (mostly out of fear and lack of understanding). They don’t want you to get “distracted” (which, to be fair, is easy to do online) and they’ve worked hard at creating duplication doing it their way.But this information is too powerful to be kept quiet. These strategies give the average person a MASSIVE advantage and a much better opportunity at being successful. After all, this is the crippling component for most average people – they just don’t know enough people to share their product or opportunity with. That’s it.Elite MLM Business Marketing – Leveraging Technology To Bring Prospects To YOUWhen learned and implemented properly, these online secrets are a complete game changer. The people who took the time to learn these basic principles experience MLM business in a whole new way. For anyone who has struggle in this industry it sounds almost too good to be true – having a steady stream of pre-qualified prospects coming to THEM, asking for more information about their MLM business. But rest assured, it is true and it is an everyday reality for these entrepreneurs. All because they learned a few simple MLM business marketing strategies about how to put themselves and their businesses in front of the people who were looking for it.