How to Network Like a Millionaire

Posted by Seacoast Bank on Mar 24, 2016 11:15:38 AM

Entrepreneur Daniel Ally recently wrote an article for Business Insider about how to improve your networking skills and tactics by sharing personal stories and his best areas of networking success. 
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Daniel recalls, "As I was giving a speech in Washington, D.C., a well-dressed man approached me to ask a question. After our interesting discussion, he reached deeply into his pockets and pulled out a stack of cards, spilling them by the dozens as he searched to find his own.

After fishing for almost a minute, he still couldn’t find his business cards, which was a tragedy. He tried to make up for it by scribbling his phone number on another business card, which happened to be the one a woman gave him right before he reached me. As she watched him do this, she shook her head in shame.

This is the atrocity that you can witness every day in the marketplace. This kind of behavior prohibits many people from attaining the wealth and success they are capable of in their lives.

The number one tip in networking is to avoid thinking of it like most people do. After all, why fit in when you can stand out? If you want to stand out, don't go to the networking event with the wrong intentions.

If you're there to flirt, eat, or get a job, you're going to fail. You need to have the right motives, which should be to help people and make a positive impact.

Dale Carnegie once said, "You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you."

We all know the predominant question for most people is, "What's in it for me?" If you network like with that question in mind, you're missing the point.

However, if you go there with the mindset of knowing that 99 percent of people think like that, your chances of networking like a millionaire will skyrocket.

The key question that I ask myself to expand my network is, "How do I add more value to more people in a shorter amount of time?" This question made me a millionaire. After all, if you impact twice as many people, you'll earn twice as much." 

Here are seven approaches to consider:

1. Write a Book
When I first wrote my book, I didn't realize that it was a business card. In fact, I started to give my book out freely and then began to use my business card as a bookmark. Writing a book is easy and will impress most of the people you meet.

Publishing a book gives you the ultimate credential. Plus, you never know who will be reading it. Imagine handing hundreds of people your book when they ask for a business card. If you have a good idea in your book, people will call you and find a way to help you, especially if it helps them solve their problems.

2. Publish Articles
My articles have reached millions of people. Most of these people who read them could never help me, but that doesn't matter. All that really matters is that people are reading my work. Benjamin Franklin once said, "Writing is the beginning of all wealth." It's true.

My inbox is filled with people who have requests of all different kinds and many of them are useful. By writing articles, you have the ability to attract thousands or millions to yourself, instead of chasing them down. Plus, it's easier to have people reach out to you, especially if you gave them what they wanted.

3. Give Speeches
Public speaking is a highly underrated form of networking. This is probably because many people have glossophobia, which is the fear of public speaking. Nonetheless, you can reach more by using this medium to exchange your ideas.

If you're in business, you have the ability to sell your products and services to a wide variety of people. What's more amazing is that there are thousands of meetings going on right now and many of them don't have speakers. If you gave a few speeches per month, your chances of success go up substantially.

4. Connect People
Zig Ziglar once said, "If you help enough people get what they want, you will get what you want." One day, a realtor called me and found out that I was interested in a house that she did not list. She took the liberty to connect me with her competitor, which is something most realtors would never consider doing.

Later on, I found out the house her competitor showed me wasn't quite for me. Because of her kind referral, I decided to reach out to her and deal with her again. Eventually, I bought the house and she received a nice commission due to her excellent service. All she did was connect people No wonder she was the No. 1 realtor in her city.

5. Follow Up
It is futile to meet people and not follow up with them. In fact, you might want to go the extra mile by sending them a personal thank-you note. I sometimes send my books to people and you wouldn't believe the kind of response that I get back.

We are creatures who love to cooperate with each other. Often, people forget that they said certain things at a particular event, and it's your duty to remind them. If you can follow up in a tactful and diplomatic way, you'll get to reach the echelons of success. The fortune is in the follow-up.

6. Ask for Introductions
One time, I received an award at a banquet and a woman took a liking to me. As we swerved through hundreds of people, she took me to the seemingly most important people in the room. It was all because I hit the motives in her that most people need: recognition and respect.

Since she had the need to be recognized and respected, she was delighted to learn that I was aware of her self-perceived fame within that particular network. Because of this, she helped me to land one of my biggest opportunities of all time. Never underestimate the introduction. This can be done by email as well.

7. Get Involved in Philanthropy
Once people find out that you're a donor, you'll make a lot of friends. Everyone likes people who give money. You don't have to go around waving a check for your contribution, but you do want people to acknowledge that you are a giver. The secret of living is giving.

Having money does attract all kinds of people, good and bad. However, you should have the discernment that goes along with being wealthy. Make sure that your philanthropy has a long-lasting impact and will help more people. You should always know where your money is going.

Bonus Tip
If you're serious about increasing your network, you should consider taking up new hobbies. For instance, there are different personalities and temperaments in poker and basketball than there are in golfing and yachting. Since we all have hobbies, you would be better off gravitating toward ones that help you improve your overall "game."

If you're going to network, do it right. Skip the name tags and small talk and get straight to business. Make sure that you're reaching out to people and realize that people are looking for you just as much as you're looking for them. As Gandhi said, be the change you wish to see in the world.

Enjoy networking!

 

Read the original article on Business Insider. Copyright 2015.

Topics: Seacoast Bank

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