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  • Advice You - The 7 Habits of Highly Horrible Networkers

    Networking is a term that didn't exist (academically) until almost 40 years ago. It's a word uttered in and around the business world every day, yet is unclear to most as to how it actually works. Still, it's a fundamental tool to the success of any business.

    By definition, the term networking is the development and maintenance of mutually valuable relationships. It's not schmoozing; it's not just handing out business cards, selling, marketi
    According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
    ng or small talk. Those activities are part of networking, but unfortunately, many people's misunderstanding of the term causes them network ineffectively.

    The following are The 7 Habits of Highly Horrible Networkers™, and they can stand in the in your way of developing mutually valuable relationships. So, next time you attend your Chamber or Association meeting, keep these ideas in mind so you can offer the most value to your fellow network
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    rs.

    Habit #1: Attitude
    Much like the development of any skill, networking begins with attitude. Unfortunately, Highly Horrible Networkers have the wrong attitude. If you've ever attended a networking function before, perhaps you've encountered businesspeople who act in the following ways:

  • The hard sell – they believe networking is about one thing and one thing only: selling products and services to everyone in the room.

    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    >Business only – they're not there to make friends. They're not there to have fun. And they're certainly not interested in developing mutually valuable relationships.

  • It's all about me – they don't take the time to help and share with others, but rather focus on their own needs. In other words, they can't spell “N-E-T-W-O-R-K-I-N-G” without “I.”

    Attitude is fundamental to effective networking. In fact, it's the most important habit to u
  • here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    derstand.

    Habit #2: Dig Your Well WHEN You're Thirsty
    One of my favorite networking books is called Dig Your Well Before You're Thirsty, by Harvey McKay. It's probably the most well known text on this subject. The key to McKay's work is making your friends, establishing contacts and developing relationships – before you need them. Getting what you want by helping others get what they want first.

    Enter the Highly Horrible Networ
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    kers, who only network because:

    a) They need new customers
    b) They have a new product or service to sell
    c) Their boss forced them to do so


    Take my friend Lawrence, for example. He's quite successful in the insurance business; however he recently approached me about using networking to obtain some hot leads.

    “My numbers are down. My boss is on my back. I gotta get out there and start networking…or else! What do you suggest?”
    ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

    “Networking takes time,” I explained, “and you can't expect to come into loads of business or dozens of potential clients without developing the relationships first.”

    As you already learned, networking is the development and maintenance of mutually valuable relationships…over time. If you try to dig your well WHEN you're thirsty, you may never find a drink.

    Habit #3: Dealin' the Deck
    Habit #3 is a dangerous one, and it happens
    easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
    all the time. Have you ever seen people distribute 173 of their business cards during the first 5 minutes of the event? They move as quickly as possible from one person to the next. They don't make eye contact, they don't ask to exchange cards – they just deal them out.

    “Here's my card, call me if you need a designer! See ya later.”

    “But…I…never even got your name!” you muse.

    This is guaranteed to make people feel puny and insignificant. N
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    tice these Highly Horrible Networkers don't spend time actually meeting and establishing rapport with new people; but rather concentrate on giving out as many cards as possible. It's quantity over quality, right?

    Wrong.

    Dealin' the Deck is one of the most common networking pet peeves. Whenever I give my program The Habits of Highly Horrible Networkers™, I walk out into the audience for a quick demonstration of this habit. I grab a stack of
    and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
    business cards and quickly jump from table to table tossing out dozens of them without as much looking at the audience members I'm handing them to.

    Unfortunately during one speech, it backfired.

    Literally.

    Last year, I was demonstrating Highly Horrible Habit #3 when speaking at a local business meeting. While hopping from table to table as dozens of cards flew through the air and into people's laps and salads, someone yelled out, “Oh my Go
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    !”

    I stopped dead in my tracks. I looked back at the head table and noticed that one of my cards landed in the centerpiece…

    …which was a candle!

    MY BUSINESS CARD WAS ON FIRE!!

    I threw down the microphone, lunged at the table and snatched the burning business card from the candle! As I toppled over the chair in front of me I yelled something to the effect of “Oh my God!” shook the flames off my half burnt card and regained my balance to a
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    oaring applause/laughter from the audience.

    “And…uh…this just goes to show you ladies and gentleman,” I fumbled, “When you deal the deck of business cards without eye contact or consideration…uh…people may as well set them on fire – because they're not going to read them anyway!”

    Whew! Nice save, huh? Yeah well, that client did NOT invite me back the following year.

    Habit #4: Unprofessional Information
    It's remarkable how of
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    en some business cards will contain unprofessional information. Have you ever received someone's card with one of those ambiguous, offensive and questionable email addresses with AOL, Hotmail or Yahoo? Not only are those email servers frustrating and ineffective for business communication, but just imagine how it looks when someone has to send business emails to:

  • HotLips98@aol.com
  • KaylasMommyRules@yahoo.com
  • Isellcars2U@hot
  • cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    mail.com

    I have nothing against AOL, Hotmail or Yahoo. But if possible, always send and receive emails using the address of your organization's website, i.e., scott@hellomynameisscott.com. If you must use free servers like MSN, SBC and the like, choose a simple username that doesn't question your professionalism, i.e., jackgateman@yahoo.com.

    Habit #4: Sit with the Wrong Company
    I'll never forget my first Cham
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    er meeting. One afternoon I sat down with 6 other local businesspeople for our monthly networking lunch. Naturally, the first thing I did was look at everyone's nametags. (Not only to learn their names but to examine the effectiveness of their nametags' design and placement.)

    But these were the nametags I saw: ADM Financial, ADM Financial, ADM Financial, ADM Financial, ADM Financial, ADM Financial, Scott. (Company name changed to protect the
    t?

    As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
    victims.)

    Highly Horrible networkers not only attend meetings with their friends and/or coworkers, but they talk and sit with them the entire time! These are people with whom they've worked 5 days a week, 8 hours a day for the past 3 years! This is not a good technique to maximize your company's visibility.

    This habit creates an elitist, unfriendly attitude. And think how uncomfortable this makes the one or two people sitting at the table w
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    o don't work for that company! It's unfair to them because they're unable to meet a diverse group of people with whom to develop mutually valuable relationships! Remember: If you're sitting with YOUR company – you're sitting with the WRONG company.

    Habit #6: Small Talk is for Suckers
    Highly Horrible Networkers forget about the small talk. It's a waste of their time. They don't ask or answer about “New and exciting things happeni
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ng at work” or “How Thanksgiving was,” they simply jump right into (what they believe to be) the most important part of the discussion: selling 17 of their products before the salad arrives.

    Has this ever happened to you? For example, has someone ever introduced themselves, breezed right through the conversation and flat out asked you for a referral?

    Refer you? I don't even know you!

    Reciprocating self-disclosure is the most effective way
    .

    As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
    o build rapport and ultimately develop trust. The people you want to do business with are those with whom you have built that rapport and trust. So, small talk is not for suckers. Debra Fine, author of The Fine Art of Small Talk put it best when she said: “Small talk is the biggest talk we do.”

    Habit #7: Limitations
    Finally, Highly Horrible Networkers believe there is only one specific time and place for networking. It's called
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    A Room with A Sign Posted Outside That Says So.” In other words, they only network when someone forces them to. They don't believe networking opportunities in places like elevators, busses, supermarkets or parks.

    That's it? A measly half hour for networking? Doesn't give you much time, does it?

    The truth about networking is that it can happen anytime, anywhere. There is a time and a place for networking – it's called ANY time, and ANY place


    tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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