Do You Build Networks Or Relationships?

What sort of business owner are you – the complete extrovert? Do you have hundreds of people in your network with whom you only have a passing knowledge? There is nothing wrong with developing a broad network of contacts. However, it is often more beneficial to develop a sound relationship with a group of individuals.

Generally speaking:

Getting Started

Networks are easy to develop. You can do a little research, discover all the movers and shakers who could be of use to you, and you add them to your list of contacts. You may even add them to your social media accounts.

Relationships require work. They don’t happen overnight. In many cases, relationships are one sided – you’re doing all the helping, promoting their cause, even through social media.

Relationship builders are by no means selfless. In fact, the art of building relationships still revolves around promoting yourself and building your business. The difference between a relationship builder and a networker is longevity – relationship builders are looking at the long term benefit to their business.

Building Loyalty

In the long term, relationships will survive the ups and downs of the business world. People in a network will come and go whenever it suits them. They generally don’t stick by you during troubled times, or help repair your reputation when a dissatisfied worker or customer goes on a social media rant. Those you have built up a relationship will, and where possible, help you to negate the effects of that hit to your reputation. Why? Because they know you, and they care – as you would if the same happened to them.