Viewing all posts under Social Capital



Networking can be powerfully useful in so many ways and many people don’t realize that when they come up against a health challenge, networking can really work in their favor to bring them the help and information they greatly need. In this video, I talk not only about how networking can help you with health challenges but also about how people who have really strong networks have actually been found to be healthier! If you have a story about how you, a family member, or a friend have gotten through a health crisis...


Despite what a lot of people might think, there are actually many more similarities between business networking and career networking.  In this short video, I point out some of the key similarities between these two types of networking and explain the ideal time for people to start thinking about their career needs and making efforts toward career networking. Watch the video now to learn the five magic words that can completely change the dynamic of potentially challenging conversations and open the way to form impo...


In a video blog I posted recently, I talk about the Law of Reciprocity which is one aspect of social capital theory.  In today’s video, I specifically address what social capital is and why investing in social capital is one of the best investments you can make in order to secure future success for yourself and others with whom you network. My friend Alex, whom I mention in this video, is a master at building social capital and there isn’t a person who knows him who wouldn’t help him in an instant ...


Success may be a lasting accomplishment, but the thrill of success is transitory; much of the joy is the journey.  Once it’s over, we begin to wonder, “What’s next?”  This feeling of emptiness cues us to step up and get ready for the next level because success goes on as long as we keep building new steps.  We graduate from one level and, equipped with what we’ve learned, go on to new accomplishments in the next.  Each accomplishment becomes something we can stand on to reach higher....


In this fourth and final installment of the “Why People Resist Networking” Video Series, I discuss a fourth reason why people likely shy away from networking–Lack of Understanding. Unfortunately, many people simply don’t understand what networking is and, in addition, they don’t understand the benefits of networking. In this video, I put some common misconceptions to rest about what networking is and I explain why, no matter what business you’re in, it’s best to “take o...


Stewart Emery (Success Built to Last) was over my house a few months ago.  At breakfast one morning he told me about an interview he did with a well-known billionaire in the computer industry.  The billionaire shared an intriguing story with Stewart about an experience he’d had when the senior executives of a company interested in purchasing his company visited his office to discuss the possible purchase.   At lunch, the billionaire told the senior executives of the company he was negotiating with that h...


(Part 7 of 12 of the “Navigating The VCP Process® To Networking” Series) TR Garland (featured in this video with me) is a friend of mine and co-author of one of my most recent #1 best-selling books called “Building The Ultimate Network.”  He’s also considered a top trainer for the Referral Institute. For some time now, we’ve both observed a need to drill down on one of the most important and foundational concepts to networking – The VCP Process®.  Seven months ago, we started a much-anticipated 12-p...


In this short video, presented by Applied Transformation, Inc., Roger Green asks me about my view on the idea that high cost education doesn’t necessarily prepare students for the real world. In answering him, I talk about my feelings on where business networking fits into the world of formal education and I share some statistics about the true effectiveness of networking which, to me, are mind boggling; I also tell a personal story about having lunch with the Dean of Business at a prominent university and how ...


I start this blog with a riddle: When does going faster, make things slower?  Well the answer is: when you are rushing a relationship. A few years ago a close friend of mine, Dr. Emory Cowan, contributed an article for my book Masters of Networking.  I’m sharing his contribution in my blog today because I think it is a great concept to think about as we start the new year. Building a word-of-mouth marketing plan requires developing a trusted network of partners — which means cultivating relationships. B...


Social capital, otherwise known as the value behind your social contacts, can be an extremely important resource in both business and life.  If you take as much care in raising and investing your social capital as you do your financial capital, you’ll experience benefits that can greatly enrich your life as well as multiply your material returns many times over. In this short video, I explain that you don’t have to purposely become a networker to reap the benefits of social capital and I outline the four...


When it comes to business networking, you never know who people know.  One of the important keys to being successful at building a powerful personal network is diversity.  In running a large business networking organization for the last two decades, I often speak to people who tell me they want to network exclusively business professionals who have similar clients.  Although it is good to include these people in your personal network, networking with them exclusively would be a tremendous mistake. It is human natu...


If you’re not familiar with Power Teams or Contact Spheres, they are two things that any networker aiming for maximum networking results will want to get very familiar with. I have just released a new book with my co-author, Lee Abraham, called Money on the Table which is all about how to use Power Teams and Contact Spheres to generate more referrals for your networking partners.  Why should you take the time to learn how to get more referrals for those in your network?  Because this will ultimately pay off i...


Peter Guber, Chairman and CEO of Mandalay Entertainment, has a powerful new book coming out on March 1st called Tell To Win. This book is not only an extremely interesting read, it is also an important resource for networkers in every part of the world.  Peter is a master storyteller and, with this book, he teaches readers how to achieve success in business and life by connecting with people and engaging them on an emotional level through the power of stories. I met Peter at one of his storytelling symposiums whi...


Scott Ginsberg is celebrating his tenth anniversary. He’s been wearing a nametag for 10 years in a row. He has never taken it off. That’s right, 10 years = three thousand, six hundred and fifty days = 87,600 hours = 5 million two hundred fifty six thousand minutes = 31 million 531 thousand seconds and counting. He’s the world record holder. He has even tattooed his nametag on his chest and is the only person in the world who has made a career out of wearing a nametag.  Scott developed the nametag professio...


Playing the role of reporter by interviewing a member of your network for an article or while doing research on a subject he’s familiar with, for example, is a great way to elicit information and advice from members of your network. How can this benefit you? The reporting approach benefits you in two ways. One, you learn more about your network member. Two, he appreciates the visibility you give him. Also, he will probably be more willing to meet and cooperate with you in other situations, thereby strengthen...


How many times have you heard the phrase “It’s not what you know, but who you know” when it comes to determining success??  I’m willing to bet that over the course of your life to this point, you’ve heard it a lot.  Do you think it’s true?  Well, it’s not–it’s false.  It’s not what you know, or who you know–it’s how well you know them that really counts. Here’s the difference.  How many people do you know?  Open up your e-mail address...


Here’s the thing with networking: If you want to get more business, you have to  be willing to give business to other businesspeople. That’s why I founded my networking organization, BNI, on the central, guiding philosophy of giving benefit to others–Givers Gain®. It’s an ethical theme that is common to all religions, all cultures: Treat others the way you want to be treated. If you want to get referrals, do the best job you can of giving referrals to others. I’d like to share with...


I posted a blog this past Monday explaining what networkers need to know about the law of reciprocity, and I promised that I’d follow up today with some tips on what to keep in mind as you learn to use the law of reciprocity in your networking efforts. Below you will find four very important things to remember: Tip No. 1–Giving means helping others achieve success. What is your plan to contribute to others? How much time and energy can you spare for this? Do you actively seek out opportunities to help...


The term reciprocity is at the center of relationship networking, but it is often misunderstood. Webster’s dictionary defines reciprocity as “a mutual or cooperative interchange of favors or privileges,” as when actions taken for the benefit of others are returned in kind. This leads many inexperienced networkers to expect an immediate return for any actions they take on behalf of another.  Givers gain, right? Wrong. Not every act of giving will be immediately rewarded by the recipient, and if y...


In reviewing the results of the Referral Institute study of more than 12,000 businesspeople from all over the world, we have some interesting data on how people become better at networking. Respondents were allowed to select more than one method that they used to develop their skills in this area. Interestingly, participating in networking groups was by far the No. 1 method that people identified in developing their networking skills.  How have you developed your networking skills and what do you think is the be...


No matter who you are or what part of the world you live in, Givers Gain is the No. 1 rule to remember when networking. You should always be thinking, “How can I help this person?” After all, networking is about building relationships; and helping others is the absolute best way to begin the relationship-building process. Put simply, helping equals opportunity. At a social event, you usually ask somebody, “How’s it going?”  What’s the typical reply?  Probably something like, &#...


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