Business Advice

Invest In Your Networking Strategy

03/06/09

By Judith Germain, MD of Dynamic Transitions

Having an effective networking strategy can make the difference in how quickly you can establish yourself as an expert, attract and retain loyal 'followers' and impact on your bottom line, according to reputation specialist Judith Germain.

Germain, MD of Dynamic Transitions and Vice President of The BlackStar LifeMembers Community on social business network Ecademy, suggests that for businesses providing services, it is particularly pertinent to be active on social networking sites where businesses are able to integrate into the community, develop a reputation and establish credibility.

"If your business (and/or yourself) has credibility and a good...

...reputation, it is more likely to be trusted by your potential clients, therefore increasing your revenue and sustainability," explains Germain, who has created Community Trust Systems™; a concept where products and services are exchanged on the basis of trust that has been conceived and conferred within a trusted community. Peer review and approval becomes the basis that services are bought and reputation is the determinant for selection.

"Many examples of Community Trust Systems™ already exist to buy and sell products, such as Ebay, Amazon and Ecademy. Social Networking sites, as an example of a thriving Services Community Trust System™, are now becoming essential places to establish your reputation and credibility. You cannot be active on these systems as a 'broadcaster', constantly talking about yourself or trying to sell your wares. To survive you will need to be having conversations with individuals (not push marketing), providing good quality content and aiming to help those that you are able," explains Germain.

Germain says that to be an effective networker, you need to understand who is in your network and what relationship they are to you. In a Services Community Trust System™, your network is split into three sections:

# Inner Circle - these... continued on page two >

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