Was That Networking Event Worthwhile?

The burning question after most any networking event is “Was that worthwhile?”

In reality, the answer is “Absolutely!”. After all, every event offers value. Some offer more immediate value than others. They all have value, however.

Track your results however you deem appropriate. Before you completely pass judgment on an event, however, remember that the benefits of any networking activity may not present themselves for weeks, months, or even years.

The Golden Rule in Action

The Golden Rule in Action

No doubt, when interacting with others at networking events you are hopeful of getting things … clients, important contacts, and useful information. Understand this: They are too. You can make an indelible impression on them by finding some way of helping them – even if only in a small way. So as they talk, run whatever they are saying through a filter that queries: “How can I add value to this person?” This is the Golden Rule of Networking – Give first and get second.

There is nothing that says that you have to help them right there and then. If you can help them in that moment, great. If not, do not despair.

Just understand that you make the most of building that connection by trying to find some way you can add value to them later. It might be a referral. It might be a contact. It might be useful information for them.

Assessing Your Network Asset

Once you realize that networking builds value in your life, the natural reaction is, “How much value do I have?”

Certainly, this is not as simple as counting change or tallying hours worked. And while there are complicated formulas for assessing one’s social capital, there are three rather simplistic means of making a thumbnail measurement. Let’s touch on each of these.

Assessment #1 is Connectivity. Answer this, “Who do I know?” Stop and think about it. Take an inventory of the people you know. High School. College. Neighbors. Community. Church. The gym. And the list goes on. You likely know lots of people, and as you meet more your social capital grows.

Assessment #2 is Density. Think about it. If you knew ten people and those ten people all knew each other, your network is so dense (or interconnected) that the social capital is nowhere near as great as if you knew ten people and none of those people knew each other. So it is not just how many people you know that is important, but how many of those people know each other. Certainly, it is not reasonable to think that no one in your network knows anyone else, but you do want to have a broad, diverse network where you know lots of people and they are relatively disconnected from one another.

Assessment #3 is Potential. It is important how many people you know. And it is important how many of those people you know, know each other. But another means of assessing your network is to look through the people you know and see the people they know that you do not currently know. If you know ten people and they have relatively poor networks themselves, you are worse off than if you know only five people, but those five are extremely well connected.

Take a moment now and then to assess the value of your network. In these moments, ask yourself, “How can I increase my network Connectivity, lessen its Density, as well as enhance its Potential?”