admin Posted on 9:30 pm

Networking on a budget

Networking remains an essential tool for academic, professional, and career advancement. Being able to meet new people, grow your networks, and win business are all critical steps to success. But networking can get unpredictable and expensive these days. How can you maximize your efforts without depleting your finances? How can you add value to your efforts without compromising quality?

Listed below are practical tips to get the most out of your activities and grow viable connections.

Create a plan

Many savvy networkers overlook the importance of developing a plan for your networking efforts. A plan simply outlines the objectives, marketing, and expenses of the activities. It is highly recommended to create a 12-month plan that highlights common expenses that are sometimes overlooked, such as: membership fees, gas, parking, travel, meals, business cards/marketing materials. Consider miscellaneous fees that may arise.

Volunteer

If you’re just starting out, a great idea is to volunteer for memberships in clubs and organizations. Apply to be a support to waive registration, membership or associated fees. Take the time to connect with the director or administrator of the association and establish an agreement that benefits both parties.

mastermind group

Another unique idea for networking is to create your own networking group with trusted colleagues and affiliates. This can be an inexpensive way to collect, share referrals/leads, and get introductions. The concept is to merge networks and it can have great benefits and rewards. This type of network can also span geographically and online.

Use these tips to overcome money obstacles on your journey to success. These kinds of strategies can ensure the growth of strong networks and meaningful relationships.

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