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The power of an open network and what it can do for you!

You may be wondering just what an open network is, what can it do for me, and how do I utilize its power? No, this post is not about computer networking equipment, but about networking with other people. Networking is one of the most important skills, if not the most important skill, that all entrepreneurs must learn.

Global Networking

No matter the skill, product, or service you provide, it is never a good thing to go at it alone. I am sure that everyone has heard the old adage, “It’s not what you know, but who you know.” This statement is more true than most people will ever fully understand.

An open network is simple; it allows others access to your network of people whom you have met over time and associated with to the point that you can make an introduction. It is common for people to hold back at this point and not want to share their network until the other person shares theirs. This is very similar to the awkward movie scene drug deal where the conversation goes, “You got the money?” “Ya, I  got the money. You got the stuff?” and so on. This is no way to deal in business, as you know, unless you enjoy Mexican Standoffs.

Tablets sharing networks

The best thing we can learn to do is to spend more time networking and really getting to know the people we are networking with and what their needs are. When talking to people, make sure to take note of things they say and make sure to remember or write them down. Items such as how many children they have, how old are they, are they married, what do they do, and how you can help them, are all important details. These are pieces of information that create a bond where the person notices you care enough to take note.

After you begin to build a good core group of people in your network, it is time to open your network. Take some time in front of your notes, thinking about your network. Think who do you know that should know someone else that you know. Then, take the time to think what is the best way to introduce these two people. Is it face to face, Facebook, Skype, at an upcoming networking event, or maybe a phone call? Once you have established these guidelines, it is time to make the meeting happen.

Open Network

Once the meeting is accomplished, you have now established an open network and you have set the gears in motion. Continue this process for your ENTIRE career, over and over again until you have it down to a science and are introducing great people who are making amazing things happen. As time continues, you will begin to notice the benefits of all your efforts. The fact that you were willing to open your network to others, shows them something about you that they may not understand but they definitely respect.

These networking acquaintances will have a new found respect for you because you offered something to them that most people only negotiate or reciprocate with. Now that you are on that level, the trust and bond is built and they will begin to expose their network to you, or even better, the next time they hear of a project in your field they will throw your name in.

Genuine Leather

I will leave you with one last piece of advice, and that is be genuine. Doing an open network for the sole purpose of making money or new leads will be your demise. People will be able to feel the difference between a truly, well thought out introduction versus a waste of time where you hope to get a lead out of them. Take time and work only with the best people and never refer someone who is not competent for the job at hand and you will find success.

Please make sure to keep up with our blog to hear more about  the power of an open network and what it can do for you. We will examine how to make new connections and what to do with them. Thanks for reading. I also have a YouTube video that touches with this blog post on Open Networking.

Shawn Patrick Moloney

By |2018-12-03T11:40:59-04:00July 11th, 2018|Blog Posts, Entrepreneur Ideas|0 Comments

About the Author:

Shawn Moloney is the CEO and founder of Movementum Realty. A native of Massachusetts’s South Shore, Shawn was born in Weymouth and later moved to Pembroke. He attended Massasoit Community College where he studied Criminal Justice. Shawn’s love for the outdoors and his entrepreneurial spirit were put to use when he started his own successful tree and landscaping business, SPM Enterprises, running it from 2006-2016 selling the company. Through managing the thriving company and caring for residential and commercial properties, Shawn was inspired to enter the real estate sector. With his intimate knowledge of home and property upkeep, Shawn found success as a sales associate at MacDonald & Wood Sotheby’s International Realty in Duxbury, Massachusetts.Noticing a need in the market, and driven by his passion for real estate, in 2011 Shawn established Movementum Realty. With the goal of better serving individuals seeking to buy and sell property, he continues to grow Movementum and maintain impeccable business standards. His years of experience with properties and his extensive knowledge of the real estate industry have enabled him to successfully run a real estate brokerage. In his spare time, Shawn can be found hiking, gardening, doing yoga, looking at homes, shooting photography and spending time with his friends and family. He is an enthusiastic member of the community, actively participating and volunteering for local organizations such as the Duxbury Business Association and the Duxbury Bay Maritime School.

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