Your business networking habits revealed

DanMartin

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May 14, 2007
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Bristol
Many thanks to everyone who took part in our recent survey on business networking. It produced some interesting results, not least that networks such as UKBF are assisting the UK's entrepreneurs in winning new business.

The report, conducted by UK Business Forums, BusinessZone.co.uk and WeCanDo.Biz, also shows that traditional techniques such as cold calling and direct marketing are being overtaken in popularity by building relationships online. It's not all about the web though; most of you believe face-to-face interaction still has a big part to play.

To read the results in full, click here.
 
Yes, cold calling came second from bottom in the list of "most important" methods of effectively winning new customers.

Fuel for those who are bashing cold callers on the other thread I would expect!

IH
 
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Fascinating - I'd be really interested to know what the results would have looked like for a balanced sample: anyone who was in a position to answer was, by definition, biased towards online networking because that's how they heard about the survey.

Is there any way we could find out "how the other half lives" ?

Simon
 
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Fascinating - I'd be really interested to know what the results would have looked like for a balanced sample: anyone who was in a position to answer was, by definition, biased towards online networking because that's how they heard about the survey.

Is there any way we could find out "how the other half lives" ?

Simon

We requested the involvement of some of the "offline" networking groups in order to ensure there was a fair balance. It went out to a few of the BRX contingent, it was advertised on the 4Networking forums (although this is, of course, online!) too. I requested Ivan Misner of BNI get behind it but he was tied up on other things and couldn't offer support.

We are planning another in April and I hope to get the big face to face networking organisations behind that.

All that said, face to face came out very well. The split of which is seen as most effective was almost 50:50. Likewise, around 52% of people said they were likely to increase their face to face networking, the same as online.

IH
 
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Well done to UKBF and WeCanDo.BIZ, a great research project. I for one am pleased that my hypothesis originally set out in the 'RIP Cold Calling' article has in part been validated.
 
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The survey was useful from a trending and level of awareness perspective, however I see little evidence that people are using social media to the extent that they could be in the UK. I am not talking about online campaigns on Facebook or microblogging on twitter as each business needs to use the social media elements that are right for their business, or where they want to be. I am talking about the awareness of options and the critical mass needed to make social media relevant.

An illustration of this is to look at how a large percentage of urban American's will not buy anything, or even visit a restaurant without reading an online review first. Websites like San Francisco's Yelp.com are considered essential resources by consumers and businesses alike. Here in the UK we have sites like qype.co.uk who are essentially a yelp equivalent yet businesses have not caught onto it yet, and to a lesser extent, nor have consumers. It is free for businesses to register on the site and it is easy enough to encourage customers and friends to review your services.

I have not touched a yellow pages in years, I do all my searching online and of that 95%+ on google. If it is not online I do not see it. Google maps has a fantastic services search function that literally leads people straight to your door. Again people can review businesses on google maps too.

When I was in South Africa last on business, I had a meeting lined up with a new client. The emails were stilted and business like at first until I found him on facebook and made him a friend. He responded and from that moment on oour emails were much warmer and more friendly. When we meet face to face for the first time we had already got over the first hurdle.

Similarly many of my work colleagues are based at our San Francisco Head office. I go there about four times a year. I find that after a visit I can do very well corresponding with them via social media elements, using video chat, IM, email, twitter etc for about 3 months before I feel I absolutely need more face to face interaction.

This post has gone on for too long. My point is that we, in the UK are aware of social media and the multiple ways in which we can connect and network, yet we are not using these tools to their fullest advantage. The more people who use these tools and add content and purpose, the more effective they become.
 
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The survey was useful from a trending and level of awareness perspective, however I see little evidence that people are using social media to the extent that they could be in the UK. I am not talking about online campaigns on Facebook or microblogging on twitter as each business needs to use the social media elements that are right for their business, or where they want to be. I am talking about the awareness of options and the critical mass needed to make social media relevant.

An illustration of this is to look at how a large percentage of urban American's will not buy anything, or even visit a restaurant without reading an online review first. Websites like San Francisco's Yelp.com are considered essential resources by consumers and businesses alike. Here in the UK we have sites like qype.co.uk who are essentially a yelp equivalent yet businesses have not caught onto it yet, and to a lesser extent, nor have consumers. It is free for businesses to register on the site and it is easy enough to encourage customers and friends to review your services.

I have not touched a yellow pages in years, I do all my searching online and of that 95%+ on google. If it is not online I do not see it. Google maps has a fantastic services search function that literally leads people straight to your door. Again people can review businesses on google maps too.

When I was in South Africa last on business, I had a meeting lined up with a new client. The emails were stilted and business like at first until I found him on facebook and made him a friend. He responded and from that moment on oour emails were much warmer and more friendly. When we meet face to face for the first time we had already got over the first hurdle.

Similarly many of my work colleagues are based at our San Francisco Head office. I go there about four times a year. I find that after a visit I can do very well corresponding with them via social media elements, using video chat, IM, email, twitter etc for about 3 months before I feel I absolutely need more face to face interaction.

This post has gone on for too long. My point is that we, in the UK are aware of social media and the multiple ways in which we can connect and network, yet we are not using these tools to their fullest advantage. The more people who use these tools and add content and purpose, the more effective they become.

I agree with your sentiments.

I had a long chat with a telesales guy I something use this morning. He was telling me how slow business was. I told him about some of the report findings about telesales being the least important method of closing new business; and I also mentioned the various threads on here where cold calling takes a kicking. He admitted it is getting harder to do, but how else is a company to find themselves in the right place at the right time when someone has a need for what they do...

This part of the conversation went on for some time, but it turned round to how great it would be if there was somewhere your customers and prospects could open up and tell you what they need, so you could THEN respond.

At that point he realised he was talking about social media!

There is very great potential online. I agree we need to find a way to educate business owners that business on the web means more than submitting sitemaps to Google.

IH
 
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but are we not missing the point, it was carried out by someone who champions online networking, i am sure if i did a survey we could come up with some great stats. This would have been better if carried out by somone less biased to thir own industry.
 
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i also struggle to believe that social netwrokig came top.Above forums etc, i find it hard that this was not biased when top of the league was social networking that included wecandobiz who carried out the survey. Do excuse me if i have misunderstood, but idf i haven't this research has no credability whatsoever.
 
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One major flaw is that it was touted as a business networking survey, which means that the people who respond will be those that network (surely).

If you conduscted an online survey of people who shop online, I would expect the same results with an automatic bias towards online activity.

Don't get me wrong, I agreew ith a lot, but i am not so sure that online networking comes abopve forums, when all I have read and seen is 'I joined xxx and total stangers are asking me to be thheir friends' etc.

Networking is suupposed to be great (although i don't do it beyond posting on forums and i do that as a break), but I dn't see it as being above forums, unless the people who post on forums don't realise that in effect they are networking in doing so ?

Good idea to run this survey, but I am not so sure about the credibility (not of the companies but of the data) it is a bit like allowing Turkeys to vote for Christmas :D
 
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i also struggle to believe that social netwrokig came top.Above forums etc, i find it hard that this was not biased when top of the league was social networking that included wecandobiz who carried out the survey. Do excuse me if i have misunderstood, but idf i haven't this research has no credability whatsoever.

I believe that the authors of this survey agree that this is not a balanced survey. The purpose here is to show that people who have embraced social networks are finding value from them. There is value in that statement, even when you take into account the conditions under which the survey was taken.

Engaging on social networks is not for everyone. Nor is it relevant to all businesses and business models. However that does not mean it must be dismisses.

The way in which people do business is changing. Not only in terms of utilising social media, but because the old business models are finding it difficult to survive. We can blame the credit crunch, we can blame Gordon Brown, we can sit and harp back at the good old days but that is not going to change anything. Being proactive and adapting to change is essential.

Some of that might include adopting a social media strategy, but it could equally not, depending on your unique business rules and objectives.

People are changing too. The way we research information has changed. The vehicles that influence us have also changed.

Sure this survey was not done in a test tube. But, as a snapshot of opinion at a particular time, within its limitations, I found it useful.
 
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